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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 03, 1910
Page
12
Editor analyzes Sloss Sheffield Steel and Iron Co earnings and balance sheets as rumors swirl about cutting or suspending the 5 percent dividend. Latest figures show small asset gains but declining working capital, suggesting a dividend reduction until finances are stronger.
The local market rallied with Amalgamated and Steel leading gains as Lake Copper and North Butte followed. Steel rose from 65 1 4 to 68 5 8, Amalgamated from 60 to 63 1 2, North Butte from 23 to 24 1 2, and Lake Copper from 383 3 4 to 36 1 4, with 30 908 shares traded and a buoyant close.
The Balaklala smelter of First National Copper Co has closed under an agreement with farmers until Cotterell process fumes control is ready. The firm has earned about 20 000 dollars monthly on 121/2 cent copper, and a resumption may lift copper prices. July output from Baltic, Champion and Trimountain totaled 2701 tons, down 6 percent from June and 41 percent from July last year.
The Boston Market reports the stock and bond price movements, total sales, and comparisons with the previous close. This stock market bulletin outlines bond prices and daily changes for the Boston market segment.
It was an interesting curb market day with issues such as Bay State Gas Algomah La Rose Ely Central and Rawhide Mining not able features. Calaveras hits a new high of 117-8 while overall curb prices show gains and shifts with detailed fluctuations provided.
General Development Co declares $5 dividend to stockholders of record Sept. 1. Old Colony Trust Co pays quarterly 5 percent to stock of record Aug. 2. Boston Electric Associates issues quarterly 1 4 percent to stock of record Aug. 1. American Radiator Co posts preferred 1 ½ percent with August 15 record, and 2 percent common with Sept. 30 record. books close Aug. 6 reopen Aug. 16 and Sept. 22 reopen Oct. 1.
Earnings figures for Atchison show 1910 gross revenue and net after tax totals across 12 months, with 1909 as a comparison. Norfolk & Western reports June and two month figures, including gross and net amounts, alongside notes on periods and adjustments.
New York totals show 638 600 shares traded, Boston 30 908, led by Steel common in both cities. Since Jan 1 1910 New York sold 112 875 200 shares and Boston 7 154 219. Sizable upturn driven by shorts covering as optimism rises, with 625 000+ shares traded, the heaviest since last Thursday. Cotton and gold reports buoy sentiment. but mining output cuts loom in Butte as unions announce 2000 miners laid off and 3000 tons daily curtailed.
Stockholders of Calaveras Copper Co are notified of a special meeting on Aug 24 in the city to approve a capital reduction from 5 000 000 to 2 500 000 and 1 000 000 shares to 600 000 shares, with shares exchanged share for share and 125 000 shares kept in treasury for future needs.
A messy OCR snippet shows numbers and partial addresses like 700 West Union and 800 Westinghouse with percentages from 81 to 84 and mid 50s. No coherent event or entities extend beyond scattered figures.
Woonsocket Rhode Island awards a temporary loan of 280000 with maturing portions 50000 on December 21 1910 200000 on February 9 1911 and 30000 on March 7 1911 at just over 5 percent discount Bond & Goodwin acts as lender. Worcester Massachusetts sinking fund commissioners will take 95000 on city loans 75000 for street work 10000 for Ashwebumskit water supply and 10000 for the Lake Quinsigamond bathhouse at 4 percent bonds priced at 3.90.
John L. Bates as receiver for the National City Bank of Cambridge filed two suits in Norfolk Superior Court seeking 2500 dollars plus interest from Lynn Boyd Porter and Harry M. Haynes of Brookline. The action follows a 100 dollar per share assessment ordered April 8 by the Washington comptroller after the bank’s collapse. Porter says he sold his shares before the failure and Haynes admits holding 25 shares but lacking funds to pay the assessment.
Local advocates win government approval for a first class trumpet fog signal at Nobska Point. The Daball type horn will emit two second blasts with one second silent intervals, then repeat with a third two second blast and a 22 second silence. If disabled, the fog bell will be used instead.
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