Market Trends Show Mixed Strength in Early Trading
Prices trend slightly lower with Sears Roebuck at 204 Westinghouse at 88 1 8 and Consolidated Gas at 1467 8. New 1912 high records for Union Pacific and Southern Pacific. Reports show losses copper surplus rises traders surprised. Pneumatic service stocks active and strong with copper shares generally lower.
MENTIONED IN THIS ARTICLE
Sears Roebuck
Westinghouse
Consolidated Gas
Union Pacific
Southern Pacific
Market Report Highlights Trading Activity and Key Changes
Yesterday's market totals show New York at 432,100 shares and Boston at 25,364 with Reading as the most active New York issue and Steel common leading Boston volumes. Year to date figures place New York at 80,412,300 shares and Boston at 7,615,897, versus last year's 61,511,000 and 3,330,481 respectively. Major movers include Westinghouse preferred in New York and North Texas Electric preferred in Boston with notable losses by Ann Arbor preferred and United Fruit. Call money stands at 2 percent in New York and 3 percent in Boston, while time money ranges from 3 4 percent in New York to 5 to 5 1/2 percent in Boston.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Steel Common
Westinghouse Pfd
Ann Arbor
Time Money
Market Confusion Marks New York Session
The New York market opened higher but remained volatile with shifts among groups. Coal shares led early gains before retreating, while Southern Railway shares rose steadily and Sears Roebuck hit a new record. Union Pacific and Southern Pacific reported declines in earnings and surplus, despite solid gross earnings. London buyers remained cautious as gold exports and higher discounts influenced sentiment. Bond prices fluctuated. total sales reached $2,154,000 with U.S. government bonds unmoved on call.
MENTIONED IN THIS ARTICLE
New York
Southern Railway
Sears-Roebuck
Producers’ Association
Harriman
Union Pacific
Southern Pacific
London
Bank of England
Bank of France
United States
Copper market shifts as producers raise surplus and stocks grow
The Boston market reports a rise in copper surplus by about 6 million pounds after the Copper Producers’ Statement, triggering a broad selling bias. Electrolytics stay near 1734 cents, with no near term price rise, while Unit Fruit sinks then recovers, and American Pneumatic Service shows fresh absorption despite modest gains.
MENTIONED IN THIS ARTICLE
Boston
Copper Producers’ Statement
Butte & Superior
United Fruit
Boston Curbs Butte Central Shares Rally On Local Exchange
Butte Central led the local curb exchange with a price rise from 7 to 7.75, closing at 7.625 amid positive property prospects. Insiders say concentrator plans at Butte property progress well and the mine meets expectations as Butte & London dipped then recovered. Bay State Gas jumped from 2 to 25 cents with other issues like First National and Eagle & Blue Bell also moving.
MENTIONED IN THIS ARTICLE
Butte Central
Butte
Butte & London
First National
Eagle & Blue Bell
Bay State Gas
Cme
Nevada
Bay State
Bohemia Ee
Boston Elyse Ee Ee
Butte & London Os 27 305 Calaveras Eee
Ohio
Stewart
United Verde
Copper Production Surges As Dock Strike Impacts Trade
The Copper Producers’ statement shows July copper on hand rising to 44.3 million pounds with a 5.95 million pound month gain defying forecasts. Domestic deliveries rose while exports fell, aided by the London dock strike, signaling future export growth and investor attention to Union Pacific and Southern Pacific earnings and convertible bonds.
MENTIONED IN THIS ARTICLE
United States
London
Cotton Markets Open Higher on Oversold Cables Belief
August 8 market notes confusion as opening futures rise 50 cents per bale on oversold cues and rains in Texas Oklahoma. October and January slip below 12 cents before short covering appears to stabilize. Most traders doubt a sustained rally without a marked crop improvement this month as the crop remains two to three weeks late east of the Mississippi.
MENTIONED IN THIS ARTICLE
Texas
Oklahoma
Mississippi River
Dividends Declared by Major Companies
Dividend notices list payments from Minneapolis St Paul Sault Ste Marie Ry Butterick Co Border City Mfg Co Union Pacific Southern Pacific Adams Express with quarterly or semi annual rates, payable dates and stock record cutoffs. Books close and reopen dates noted for several firms.
MENTIONED IN THIS ARTICLE
Minneapolis
St. Paul
Sault Ste. Marie
Southern Pacific Ry. Co
Adams Express Co
Quincy Mining directors eye dividend rise in fortnight
Directors of the Quincy Mining Company meet within a fortnight for dividend action. A quarterly rate of 1.50 is predicted versus 1.25 three months ago, with 1.00 paid in February. The firm earns 12 per share at copper prices, compared with 5 in disbursements. Indiana reports felsite shafting at 1000 feet with copper. Boston & Corbin funds development from ore shipments. Cash on hand around 150,000, financing a 110,000 concentrator to completion. NYSE listing sought for Goodrich and Case securities. United Verde Extension approves a reorganization increasing shares to 1.5 million, lowering par to 50 cents, enabling Douglas syndicate control and continued development funds.
MENTIONED IN THIS ARTICLE
Union Pacific
New York
Quincy Mining Company
Quincy
Boston & Corbin
United Verde Extension Mining Company
Douglas Syndicate
Douglas
Bond bids and issues across several states in August
Quincy Mass awards 108200 four percent bonds to Estabrook Co with other bidders listed. Medford bids sought for 25000 temporary loan. Camden County New Jersey to auction 57000 road bonds Aug 14. Rhoades Co NY wins 200000 four and one half percent sewer bonds. Cohecton bids invited for 10000 serial bonds. Blue Island funding bonds 30000 at 4 3/4 percent. United Light and Railways financing syndicate dissolves after selling all bonds.
Metal markets ease as copper leads unsettled tone
New York Metal Exchange reports copper prices slipping amid an unsettled market, influenced by a weak Copper Producers' statement. Quotations show electrolytic and Lake copper around 175-8, casting 171-8 1-4. Other metals like tin, lead, spelter, and antimony hold firm or edging lists with minor shifts in London close.
MENTIONED IN THIS ARTICLE
New York Metal Exchange
London
Cleveland
Bond Market Reports Mixed Movements in Key Issues
Westinghouse 58s were in fair demand while Atchison convertibles held firm. Minneapolis and St. Louis 4s dropped 1 4 points and Wabash-Pittsburgh Terminal first 4s gave back 1 point of recent gains. New York Railways Adjustment 5s stayed firm and Wabash 4s remained steady. United States Government Bonds.
MENTIONED IN THIS ARTICLE
Westinghouse
Atchison
Minneapolis and
St. Louis
Wabash
Stock Exchange Bond Transactions Rise From Yesterday
Total sales reached 2 154 thousand dollars, up from 1 752 yesterday and 2 142 a week ago, with 2 946 thousand last year.
Mortgage issued for 200 million by St Louis railroad
A 200 million mortgage secured by 40 year gold bonds bearing no more than six percent interest was filed today by the St Louis Iron Mountain and Southern Railway Co. The mortgage to Union Trust Co of New York covers all rolling stock and road property. A 25 million mortgage on improvement bonds was released by Guaranty Trust Co of New York.
MENTIONED IN THIS ARTICLE
ST. Louis
St. Louis, Iron Mountain and Southern Railway Co
Union Trust Co
New York
B. F. Edwards
Guaranty Trust Co. of
Calendar for today in Cleveland and Pittsburg rail orders
A dated calendar item lists Buffalo, Rochester and Pittsburgh common and preferred stocks, Cleveland and Pittsburg exchange details, and Jeff and Clearfield Coal and Iron preferred, Philadelphia Company preferred, and St Marys Mineral Land Company stock actions.
Wheat Market Steady Amid Export Demand Lead
The wheat market opened steady with broad short covering led by Chicago September due to upcoming exports and outshipments. As deliveries grew firmer the market shifted to buying cash wheat, anticipating demand absorption from winter movement despite cautious government crop outlooks.
MENTIONED IN THIS ARTICLE
Chicago
Northern wheat on track closes higher in Minneapolis
In Minneapolis on August 8 the No 1 Northern wheat on track closed at 1.045 to 1.055 percent, up from 1.03 percent the day before.
MENTIONED IN THIS ARTICLE
Minneapolis
Northern
Take Over Line to Yarmouth by Eastern Steamship
The Eastern Steamship Corporation will take possession of the Dominion Atlantic railway steamship line between Boston and Yarmouth, N. C., before Sept. 1. Calvin Austin, the president, announced two new steamers will enter service in spring 1914 and a Yarmouth to New York route will begin next spring with the Old Colony. The Prince Arthur and Prince George will have new sailing times, and the Boston ship will be reactivated for extra sailings on Tuesdays and Fridays while Yarmouth runs on Wednesdays and Saturdays after Halifax trains arrive.
MENTIONED IN THIS ARTICLE
Eastern Steamship Corporation
Dominion Atlantic Railway Steamship Line
Boston
Yarmouth
Thorpe to Highlight Boston Olympic Day at Elks Grounds
Jim Thorpe and other Olympic figures arrive in Boston to participate in a major games program at the American League grounds under Boston Lodge of Elks. Thorpe competes in decathlon and pentathlon events while Strobino and Drew join the events and Mayor Fitzgerald attends the welcome dinner. Former New England Olympic teammates from 1896 to 1908 are listed as escorts and participants.
MENTIONED IN THIS ARTICLE
Jim Thorpe
Charley Reidpath
Alvah Richards
F. W. Kelly
Stockholm
Boston
American League
Boston Lodge of Elks
Thorpe
Strobino
Howard S. Drew
Springfield
John F. Fitzgerald
Elks Home
Somerset Street
New England
Athens
Tom Burke
Ellery H. Clark
Thomas Curtis
John B. Paine
James B. Connolly
Arthur Blake
Paris
Arthur F. Duffey
St. Louis
Thomas Hicks
David Kneeland
JohnLorden
Harry Brawley
Thomas Cronin
Robert Fowler
W. D. Eaton
R. G. Leavitt
London
William Rand
William C. Robbins
Roy Whelton
William C. Prout
H. A. Bidney
Boston Boat Class Victors Lead New York Yacht Club Cruise
A brisk 10 knot southerly breeze carried the NYYC fleet 25 miles down Long Island Sound to anchor near Stony Brook on the annual cruise. Enchantress owned by William B. Iselin led the fleet and won her class and the navy challenge cups with Phantom earning mixed and schooner accolades.
MENTIONED IN THIS ARTICLE
Stony Brook
N. Y
New York Yacht Club
Long Island Sound
Crane Neck Bluff
William B. Iselin
E.S. Booth
Sea Fox
Dallas M. Pratt
Muriel
Charles Smithers
Harold Vanderbilt
Avenger
H. L. Maxwell
Corello IL
G. L. Batchelder
Boston
Joyant
W. H. Childs
H. S. Jewell
Charles Lang Poor
Iris
Thames
McLoughlin and Williams Reach New York State Tennis Final
M E McLoughlin and R N Williams advanced to the final and championship round at the Crescent Athletic Club Bay Ridge. McLoughlin beat T C Bundy in straight sets 6-4 6-1 6-1, while Williams defeated W M Hall 6-2 6-3 7-5. Doubles semis saw McLoughlin Bundy top Watson Leonard 6-2 6-4 6-2 and Behr Inman beat Washburn Mahan 2-6 6-4 6-3 6-0. finals scheduled for tomorrow and Saturday.
MENTIONED IN THIS ARTICLE
New York
M. E. McLoughlin
R. N. Williams
Crescent Athletic Club
Bay Ridge
McLoughlin
T. C. Bundy
California
Williams
Pennsylvania
W. M. Hall
McLoughlin and Bundy
C. S. Watson, Jr
C. R. Leonard
Orange
Karl H. Behr
F. C. Inman
W. M. Washburn
Ll. E. Mahan
Favorites Lose In Ekwanok Tournament
Manchester Vermont August 8 The second round of match play for the Presidents cup and other prizes was held. Favorites such as J M Ward Garden City F Ouimet Brae Burn and W C Chick Brae Burn were defeated in the afternoon. H W Stucklen Brae Burn who had the lowest score yesterday won today by beating Ward 81 to in a notable upset. B W Corkran has also been a feature of the tournament while W J Travis Garden City has not needed to exert himself yet.
MENTIONED IN THIS ARTICLE
Manchester
J. M. Ward
Garden City
F. Ouimet
Brae Burn
W. C. Chick
H. W. Stucklen
Ward
B. W. Corkran
W. J. Travis
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