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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 05, 1914
Page
12
Wheat futures surged with September up 61-4 cents near 20 year highs while December and May options gained 51-4 cents. Prices blasted past 20 year highs as speculation and amateur buying intensified, prompting talk of market reopening and potential government intervention.
Georgia Railway and Power reports July gross 515,191 and net 293,852, with seven month totals up. Anaconda Copper plans reopen Silver Bow mine. Canadian Pacific and Chesapeake & Ohio post varied July results. Bank of France and Bank of England holdings shift, while Kansas plans higher wheat yields and Louisiana sugar prospects improve. Multiple rail and chemical firms announce dividends, bond activity, and personnel changes amid broad market movements.
Prices for haddock, cod, pollock and hake were listed with steady figures while three ships arrived with light fares. Vessels included the Haddock Cod Poll'k and the SWE, showing varied sales of swordfish, scrod, and halibut aboard the Swell and Wave. A 12-foot shark was captured by the Swell in the South Channel. The City of Madrid freighter from Cebu docked with sugar and hemp, narrowly dodging commandeering at Swansea. A Columbus replica caravel Santa Maria sails into Boston for a three week exhibition. the Arabic heads to Liverpool. A notice urges license examinations for ocean officers under a new act.
Grain markets report cash prices for wheat corn and oats with No 2 and No 3 grade listings. Prices show Red and Winter wheat 1.19 to 1.23 per bushel, corn values range 82 to 84 cents for various grades, oats listed around 51 to 52 cents per bushel.
Boston quotations show brokers' customers loans before the stock exchange close at 73 10 percent. Outside brokers' loans at 8 percent. All brokers' loans after the exchange close at 8 percent. Customers' commercial loans 6 percent and upward. Commercial paper 7 percent and upward. Year money 6 percent and upward.
Shipping notices list numerous steamers and tugs arriving and sailing including City of Madrid Vera Prince Arthur and City of Gloucester. Port movements feature cargo barges to New York Norfolk Newport News and Portland with vessels from Gloucester Ipswich Bath and Rockport. The item captures broad activity and mixed destinations in a compact maritime update.
Chicago September 4 War prices in earnest were realized today on the exchange as a world wide urgent demand for wheat and flour lifted values. Wheat closed several cents higher after a gain of 6 to 63 8 cents. Corn rose 11 4 to 15 8, oats 11 8 to 11 2, and provisions up 5 to 71 2 cents.
Uncontradicted reports show British French and other European governments buying wheat as export houses sell nearly 1.5 million bushels in two days. France alone listed a 100000 barrel purchase while Charters for 240000 bushels to Buffalo and a Montreal request reflect global demand. Northwestern farmers seek higher prices as hedges unwind and big houses lead buying.
At Salem New Hampshire on September 4 the Rockingham Fair drew about 50 000 including Boston Mayor Curley. A bay gelding owned by J R Macomber died after a half mile race finishing fifth. The day honored Lawrence with Acting Mayor Paul Hannigan and council expected to attend. Ruth Law performed a parachute plunge as Rodman Law took a biplane ride credits included a military class victory and police court sessions continued.
R G Dun & Co reports irregulars among mercantile centers yet overall trade movement remains solid. Steel mills run more, abroad inquiries rise with some sales. finished materials price trends up, pig iron steady, dry goods unsettled. West active, South slow. woolens and jute goods higher, print cloths weak. New England footwear steady, leatherOrders slow. hides strong with price gains. US failures 364, Canada 55, vs year-ago counts.
Councillor James A Watson addressed 79 voters in Ward 23 last night at Rosindale Square as part of his campaign for the Democratic nomination for Congress in the 11th District.
President Wilson signed an executive order delaying the navigation law inspection and measurement requirements for two years to open American Registry to foreign built ships. The watch officer provision allows foreign officers on ships seeking registry to hold posts for seven years, with new hires limited to two years.
At the Marine Insurance Bureau the suspension of the order triggers rapid applications for change of register and war risk protection. Several American fleets operating foreign register steamers numbering over 200 plan to fly the American flag, with applications expected within days now that the suspension is in effect.
Refugees from Europe are slated to arrive in Newport Rhode Island tomorrow aboard the gun boat Newport training ship of the Public Marine School New York. After health inspection by the health officer the Newport will travel to Providence.
Mr and Mrs Herman E Randolph of 83 Canal Street West Medford and Mrs Susan E Ellis of 81 Canal Street were targets in a long standing neighborhood quarrel. Randolph was shot in the head and his wife lightly wounded in the neck. Ellis is under arrest for assault with a loaded revolver. Both victims are in Massachusetts General Hospital. the shooting occurred after a quarrel between the women escalated as Randolph intervened.
In Havana on September 4 a duel with sabres left Liberal House leader Colonel Orestes Ferrara and Conservative member Armando Andre editor of BH! Dia severely wounded. The clash pitted rival factions within the Cuban political scene and drew immediate attention from national circles.
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