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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 28, 1914
Page
14
The Boston Post announces a weekly column answering reader questions about all listed and unlisted stocks and bonds of New England companies. It emphasizes impartial data, no market predictions, and requires full name and address for inquiries directed to the Financial Editor in Boston Mass.
Questioned picks Ray Consolidated vs Chino show Chino’s stronger postwar position despite higher price. two shares Ray equal four to Chino on earnings. United Shoe Machinery more profitable than Boston Elevated based on earnings history. Brooklyn Rapid Transit seen as steady utility despite war, with long-term earnings improvement and conservative management.
The directors declare a quarterly dividend of 1 percent on Preferred Capital Stock payable October 15, 1914 to stockholders of record at the close of business September 30, 1914. W Batchel der, Treasurer.
The Island Creek Coal Company directors announce a regular quarterly dividend of 1.50 per share on preferred stock payable October 1, 1914. Record date is September 23, 1914. F. W. Batchelder, Treasurer.
The $6 dividend payer is viewed as a conservative investment with solid earnings and a cushion above the dividend need. Rapid debt conversion into stock reduced surplus to 7.03 percent though future bonds would raise it toward 8 percent and strengthen the company. The city of New York backing for expansion acts as a de facto second mortgage, reducing the risk of overextended growth.
General Villa declares he will not accept Carranza as head of the republic and demands Carranza hand supreme command to Fernando Iglesias Calderon to enable elections. He offers no compromise and states his sole aim is to end hostilities without bloodshed if possible.
General Obregon and three generals left for Aguascalientes to meet a commission from General Villa to settle the differences between Villa and Carranza. Officials hope for a peaceful solution to the dispute.
Fernando Iglesias Calderon, Liberty party leader allied with the constitutionalists, was discussed as a potential Mexican president during a Washington visit. Calderon is currently in Mexico City as Villa moves troops toward Carranza forces, with reports of Villa advances into Zacatecas Sonora and Coahuila.
Washington reports indicate Fernando Iglesias Calderon is favored to lead as provisional president if General Carranza steps down by Oct. 1. Diplomatic circles expect a convention in Mexico City to choose Calderon, with Villa's camp signaling acceptance through a wire telegram.
Bishop Schrembs of Toledo urged Protest to Washington over alleged brutal treatment of thousands of Catholics in Mexico during the 13th annual convention of the American Federation of Catholic Societies in Baltimore Cardinal Gibbons attended and offered papal benediction. The bishop contrasted reactions to a Russian Jew’s murder case with the supposed Mexican outrages on Catholics.
A historical market note lists prewar debts for leading nations: United States 1.2 billion, Great Britain 3.9 billion, Russia 5 billion, France 5.2 billion, German Empire 1.24 billion, Australia 1.45 billion, Canada 400 million.
Myrtle Schofield beloved daughter of Wesley and Adeline Schofield nee Bennett aged 14, Somerville. Funeral from parents residence 18 Fiske ave Tuesday at 2 p m relatives and friends invited.
More than 6000 gathered in Symphony and Jordan Halls to hear Louis Brandeis Dr Schmarya Levin and others urge funds to aid Jews in Palestine. $7500 was raised in 25 minutes with 2000 turned away. Brandeis urged American Jews to support Zionist colonies and restore Hebrew life in Palestine.
George Tully of Roxbury told about 200 delegates at the Boston Archdiocese Catholic Total Abstinence Union meeting that the clergy are not supporting anti liquor efforts. The group voted to send circulars to each parish urging clergy to form and boost abstinence unions. Rev. Maurice J. O Connor was elected delegate to the International Anti Alcoholic Congress in Atlantic City next July.
At the British consulate in New York warnings arrive that two old U S submarines the Porter and Vella once in the Spanish American War have been refitted and could be sent to sea to attack British warships outside New York harbor. Officials say no attention is paid to the letters.
John Claflin head of the H B Claflin Company is cut from the reorganization and has turned over all personal assets to creditors including bank stock dry goods holdings and his Morristown New Jersey home and Adirondacks summer retreat.
James S. Alexander announces a creditors reorganization with the note holders gaining control of management. Five trustees will hold stock of the new Mercantile Stores Company and oversee payment of 42.2 million dollars in claims. Alexander Hamill Stockton Nichols Howe, leading bankers, named to supervise the plan.
Four men aboard the yacht Alert battled a devastating fire in the after quarter for 45 minutes as flames engulfed the vessel. Three hundred gallons of gasoline stored in the tanks were threatened by the blaze and hazardous conditions.
The Alert owned by Charles S. Stone of Stone and Webster Boston suffered $4000 damage confined to the engine room after a fire at sea ten miles off shore. Captain Melvin Lowrey and crew fought the blaze as seas drove the yacht toward the Isles of Shoals. Isles of Shoals and Boon Island crews rescued them and towed the vessel to Portsmouth. Captain Lowrey, Simmons, Soulby, and Pollard are named, with origins in Medford Friendship Maine New York East Boston and facing winter repairs at Neponset.
Cardinal O Connell addressed a large Cathedral of the Holy Cross congregation at ten yesterday morning calling on Catholics to pray for Pope Benedict XV to sustain peace and help all forget the horrors of war and become true brothers in peace.
Cardinal O Connell delivered remarks invoking divine aid in a grim crisis and urging proof that the pope's word is the path to Christian peace. He then blessed the congregation with a papal blessing.
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