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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 11, 1912
Page
10
Market activity showed sharp declines with New York and Boston totals, led by steel and Lake Copper. Investors favor profit taking after a strong opening, while Roosevelt’s Illinois primary win appears discounted. buyers remain under the market with potential for a late recovery.
Copper shares swung with New York trading as Granby and Lake Copper led advances. The issue rose from 47 1 4 to 56 3 4 while Mayflower and Old Colony lagged in a quick market turn. Analysts note latent profit potential and late buying by speculators.
Boston curb trading showed strong volume with Bay State Gas and First National leading activity. Butte Central rose on spillover from Ophir mine news revealing an eight foot ore body worth over 37 per ton in lead, silver, and copper, triggering heavy buying and a new high. New Baltic weakened as Begole reports of resumed operations spurred inside buying.
The Boston Stock Exchange lists a quotation of 30 046 shares of non assignable preferred stock from American Piano Co and notes authorized capital of 5 300 000 in common and 6 000 000 in preferred stock. Lawrence Barnum & Co expands with 85 Devonshire Street offices led by George Howland Cox Jr. Begole Mines Syndicate moves on development at White Rock and Kabangum. Washington B Thomas re elected president of American Sugar Refining Co. Butte Central Ophir mine strike fuels price rise. Cambridge Gas Light Co approves 2400 shares at 200 each. Exchange Trust Co named transfer agent for Automatic Lighting Co.
A letter from A. F. Law of Temple Iron Co. dated February 5 1912 recommends mining engineer William F Dodge of Wilkes Barre Pa. for his extensive work with major coal firms and declares him without equal in the region.
Daily Market Letter notes strong buying in Tonopah and Goldfield stocks led by Jumbo Extension Atlanta and Jim Butler as top precious metals issues. Goldfield Belmont ships another car of $85 ore, while Copper stocks rise on the 16c copper metal base. Lead and Eagle prospects include Giroux British Columbia Ely Consolidated Braden and Tuolumne as likely gains.
New Bedford Mass sells 196000 four per cent municipal bonds including 346000 bonds dated Jan 1 1912 maturing 500 annually 1913 18 inclusive and 4000 annually 1919 22 inclusive and 150000 bonds dated March 1 192 maturing 15000 annually 1913 2 inclusive to Adams Co at 104 42 Quincy Mass in market for bids until April 16 for a temporary loan of 60000 maturing Oct 14 It is stated Kuhn Loeb Co and National City Bank of New York will underwrite St Paul convertible bonds Auburn Me awards a temporary loan of 60000 maturing Nov 5 to Loring Tolman & Tupper at 41 percent discount
The Edison Electric Illuminating Company of Boston declares a three and one half percent dividend payable May 1, 1912 to stockholders of record at the close of business April 15, 1912. Thomas K. Cummins, Treasurer, Boston, April 10, 1912.
American Telephone and Telegraph Co. will pay a dividend of two dollars per share on Monday, April 1, 1912, to stockholders of record at the close of business on Saturday, March 30, 1912. WM. R. DRIVER, treasurer. WANTED BUTTE CENTRAL James Shay & Co., 60 State St. Boston.
President of a western Nevada property says a ship to the Mason Valley smelter is nearly ready and wishes to submit a business proposition to the party in control of $15,000. He is stopping briefly and desires a personal interview. The contact points include J Thomas Reinhardt with offices in Boston New York Toronto and London and a mailing address at 54 Devonshire Street and Old Broad Street.
Robert C Erb longtime Boston business and civic figure died after heart failure at his Dorchester home following a day at his 39 Court Square shop. He was active in the Boston Lodge Elks Heptasophs and Columbia Lodge Masons. Survived by widow Katherine Cleary Erb son Robert and niece Katherine Martin Sullivan. Funeral Friday at 2 at 7 Fenelon Street with Elks services at 3 at Massachusetts crematory Walk Hill Forest Hills.
Medical Examiner J W Meigs reports Hawkins of Everett died March 5 from valvular heart trouble at Danvers Insane Hospital. He found healing wounds on the face and body including a wound over the right eye and contusions, with no skull fracture and ribs uninjured. The report filed with District Attorney John J Triggins at East Cambridge courthouse.
Reading 2d preferred dividend at 1 percent and books open for Hledley Gold Magr for dividend Island Creek Coal for months Mich State Tel com and preferred dividend Meeting Rubber Goods Mfg Co.
Edison Electric Illuminating Boston declares 2 percent quarterly dividends for stock of record April 15 with May 1 payment. Federal Sugar Refining issues 1.5 percent preferred and 1.25 percent common quarterly dividends to stock of record April 26 and April 29. American Beet Sugar pays 1.25 percent quarterly on common stock with May record date April 27. Houghton County Electric Light pays 75 cents on preferred and 62.5 cents on common semi annually, with May 1 and April 16 records. Lewiston Augusta Waterville Street Railway pays 1.5 percent preferred quarterly to stock of record April 1.
The Lost World by Sir Arthur Conan Doyle debuts in the Sunday Post Magazine and is hailed as the biggest fiction offering in years. Readers are urged to catch next Sunday's installment.
Seldon P. Spencer a Yale senior and son of Judge F C Spencer of St Louis was thrown from his horse on Washington street West Newton. He lies in a Newton Hospital with probable skull fracture and his life in danger after the accident at a Washington street railroad bridge. He was a guest of Henry B Day of 321 Chestnut street West Newton from the banking firm R L Day & Co at 3% Congress street. The horse bolted after frightened by a train, colliding with an unattended buggy in front of the Eddy Coal Company office, overturning the vehicle and throwing Spencer.
The Wilson line steamer Buffalo from Hull arrives at pier 45 after 24 hours of boisterous weather. The Shimosa from the Philippines docks at New Haven, carrying a million fine Manila cigars taxed free. The Helen B. Thomas reports a fatal accident off Seal Island, claiming Marshall Nickerson, 24, from Woods Island. Judge Putnam orders $24,550.19 plus $54 in damages for the West Virginia barge grounding. Captain John Small dies in Boston after pneumonia. George Parker aims for Newfoundland with British registry after sale to Newfoundland interests.
April shipping activity lists arriving steamers and schooners such as Franconia and Herman Winter with cargoes and destinations. The report details cleard ships, sailings to Liverpool and other ports, and barges towed by various tugs and coasters from Newport News to Philadelphia and Portland.
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