Market Summary of Yesterday and Year-to-Date Totals
Total sales in New York 421 300 shares and Boston 33 369 shares. Reading led New York with 65 000 shares and Lake Copper led Boston with 5015 shares. YTD figures: New York 78 898 400 and Boston 7 498 562 shares. Compared with last year New York 58 557 100 and Boston 3 223 687. Westinghouse pref rose 378 125, United States Express fell 4 89, Tamarack Mining gained 2 12 to 43 12, Boston Elevated dropped 3 to 123 ex-dity. Call money New York 2 3 4 percent, Boston 3 1 2 to 4 percent. Time money New York 3 1 2 to 5 percent, Boston 4 1 2 to 5 1 4 percent.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Lake Copper
Westinghouse Pref
United States Express
Tamarack Mining
Boston Elevated
Call Money
Arm Ag
Olied Am Ag
Sean Loo
Smelt & R
Dow
T&t
At&ss
Atla
Ohio
Beth Steel
Dss&apf
Erie
Goldfield
Agr Corp
Lehigh Valley
Loose-Wiles Co
Liggett & Mey
Lorillard Co
Louis Nash
Mex
Pet Co
May
Dept Store
Mer Marine
St's
Mer Marine Pf
Miami
Binet Be Wig
Nevada
Yan New York
New York Stocks Rally Then Ease After Early Gains
In New York on August 2, preliminary trading showed broad gains led by Reading and Lehigh Valley with American Cans rising on links to anthracite stocks. Profit taking trimmed gains by midday as government cotton prospects spurred nervousness in cotton options and bonds showed stronger demand.
MENTIONED IN THIS ARTICLE
New York
Canadian Pacific
Reading
Lehigh Valley
Copper stocks lead steady but modest Boston market session
Trading in copper issues stayed buoyant with Lake Copper showing strong activity as July recovery reports emerged. Arizona Commercial dipped slightly yet attracted buyers amid new management. Butte & Superior and Steel common displayed mixed moves while Telephone and Atlantic & Gulf issues found steady demand. overall market closed firm.
MENTIONED IN THIS ARTICLE
Boston
Lake Copper
Arizona
Arizona Commercial
Point
Butte & Superior
New York
Curb Market Highlights From Boston Trading Session
Utah Metal Mining led declines dropping from 1 12 to 80 cents amid rumor of insider selling. Butte Central Iron Cap and Calaveras also attracted attention as detailed fluctuations followed in yesterday's local curb market report.
MENTIONED IN THIS ARTICLE
Utah
Butte Central
Iron Cap Preferred
Calaveras
State Street Topics Highlights Market Enthusiasm and Wage Shifts
The Street reports rising optimism as rail and copper sectors show strength. Atchison reports a year end gross with a net loss of 1,049,554 despite higher earnings elsewhere. Provident Savings hits 50 million in deposits. Copper miners face a 50 cent daily wage rise under a new scale affecting Anaconda and Butte district workers.
MENTIONED IN THIS ARTICLE
Atchison
Butte Camp
Anaconda
Butte District
Copper and mining notes show varied outputs and new openings
The report outlines Boston Stock Exchange changes for Arizona Commercial Copper and Mining, July production figures for Miami, Calumet & Arizona, Mohawk, Wolverine, and Copper Range mines, and gains by Massachusetts gas and electric providers. It also notes the reopening of the Anaconda mine and cost records in Indiana shaft sinking.
MENTIONED IN THIS ARTICLE
Arizona Commercial Copper Company
Boston Stock Exchange
Arizona Commercial Mining Company
Indiana
Edwards
Cotton Market Buoyed By Bullish Report Aug 2
The government report showing August condition at 76.5 boosted prices about 30 points. Selling pressure came from stale bull accounts as traders weighed improving crop prospects since the July figures. Texas weather brought light rains at 18 stations, central areas around Fort Worth seeing the heaviest showers.
MENTIONED IN THIS ARTICLE
Bureau
Texas
Fort Worth
Grain Markets See Heavy Hedge Selling Across Wheat Corn and Oats
Trading flowed with heavy hedge selling for cash spring wheat and weak support for futures, causing declines across multiple contracts. September and December wheat finished lower, while corn weakness produced notable losses and oats closed near session bottoms with sizable penny declines.
Money Market Steady Amid Easier Call Rates
Time money locally remains firm while call rates ease. Calls offered at 31 2 per cent with a small market, 3 per cent in practice. New York Stock Exchange call money at 25 4 per cent. Foreign bank funds improve market mood without changing rates. Rates shown include 3 12 per cent for 6 days and 4 1 4 41 2 per cent for five months. Commercial paper steady at 4 5 4 5 per cent for top names.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
CC Ee Ee
Boston
Hib
Steee
Reichsmarks S
Bond Market Shifts Hit Rail and Steel Stocks
The market shows strength in St Paul convertibles and Brooklyn Rapid Transit 4s while Atchison and Union Pacific convertibles hold firm. Rock Island collateral 48 and United States Steel 5s stay steady as New York Railways adjustment 5s drift back fractionally.
MENTIONED IN THIS ARTICLE
Eee Eee
Onveebae
Anaconda Mining
Ss & Atchison Top & Santa Fe
Odee Eres Eben
Atchison Top & Santa Fe Pf
Baltimore & Ohio
Perertester
Canadian Pacific
Chesapeake & Ohio
Chicago Great Western
Chicago
Mil & St Paul
de Beers
Denver & Rio Grande
Erie
Louisville & Nashville
Missouri Kansas
St. Paul
Brooklyn Rapid Transit
Atchison
Union Pacific
Rock Island
United States Steel
New York Railways
Optimistic Tone Amid Steel Rail Prosperity in July Trade
R G Dun Weekly Review reports broad optimism in U S business through July with iron and steel strength, railroads expanding equipment, and solid demand across dry goods and woolens. Prints and cotton goods rise in price, leather and hides firm, footwear improving, and slight uptick in foreign markets with 291 U S failures versus 282 last year.
MENTIONED IN THIS ARTICLE
New Bedford
India
Red Sea
Fall River
Paris
United States
Canada
Bradstreet's Review Notes Rise in Business Activity and Trade
Bradstreet's State of Trade reports increased business activity and optimism across most regions, with big crop expectations supporting growth. Wheat and corn exports rise, bank clearings show decline, and rail and textile sectors indicate stronger demand while tariffs and politics recede in influence.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
Congress
Chicago
United States
Canada
Telegraph
Bradstreet's
Picking "Best Man" to the Editor of the Post
Dorchester letter criticizes the Boston school committee for favoring a “best man” from outside Boston to be superintendent and questions the policy as biased. The writer mocks the idea, urges seeking the best man nationwide, and urges applying the rule to mayoral selections as well.
MENTIONED IN THIS ARTICLE
Brooks
Boston
Oskosh
Cripple Creek
Great South
Dorchester
Thomas F. Doherty
Bond market notes outline local and federal bid opportunities
Dedham awards a temporary $20 000 loan to Boston Safe Deposit and Trust Company maturing November 3 1912 with Loring Tolman and Tupper as bidders. War Department seeks $100 000 Porto Rico 4 percent bonds for 1922 37 bids open September 4. Quincy invites August 7 bids for 12 400 4 percent bonds for various city loans and 80 000 4 percent Madison Avenue schoolhouse bonds dated 1912 maturing through 1917. miscellaneous school bonds schedule 1913 1916. sidewalk bonds schedule 1913 1917.
MENTIONED IN THIS ARTICLE
Dedham
Mass
Boston Safe Deposit & Trust Co
Loring, Tolman &Tupper
War Department
Porto Rico
Quincy
Madison Avenue
What is beer and why questions spark Anderson demand
Minnesota Representative Anderson urges Secretary Wilson to explain beer and why, introducing an amended resolution to obtain the Wiley definition or any official beer definition from the Agriculture Department. He seeks a clear Department stance and an appearance at the House bar if no beer prescription exists.
MENTIONED IN THIS ARTICLE
Washington
Anderson
Minnesota
Wilson
House Committee On Agriculture
Department of Agriculture
National Consumers’ League
Agriculture Department
Harvey W. Wiley
Wiley
Metal Markets Show Dulness Dominant at New York Exchange
Copper strong and tin weak as markets show dull trading conditions. Standard copper quotes edge around 17.0 to 17.6 while tin and lead hold steady or slip. London market closes with copper around £78 7s 6d and tin at £202 5s per ton.
MENTIONED IN THIS ARTICLE
New York Metal Exchange
Aske
BGG
Ohetoner
Southern
London
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Kidder, Peabody & CO
Wall Street
Devonshire Street
Albany
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Providence
Springfield
Hartford
Railway Group
Westinghouse Electric
Tone
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Pl&s
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ol —_ OR
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al May Bee
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reRia
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