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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 12, 1910
Page
12
Stock prices receded with thin activity as Smelters and United States Express moved to weaker levels. Traders weigh copper production curtailment and potential dividend cuts while London talks influence Western copper minds, with national and Boston activity showing mixed shifts.
The Boston Market reports stock and bond price movements for the day August 11 with total sales and comparisons to the prior close. Bonds section outlines yields and notable shifts.
Arizona Commercial 6 per cent convertible bonds totaling 1 000 000 are listed on the Boston Stock Exchange. Winthrop Massachusetts grants a temporary 20 000 loan to East Boston bank at 4.72 percent discount. Milwaukee 42 sells 105 000 bonds at 4 1 2 per cent dated July 1 1910 to Estabrook at 101 07. Bristol County awards 40 000 loan to Read Co at 4.29 per cent discount. Melrose bids for 30 000 temporary loan are all rejected with portions maturing December 12 1910 and March 13 1911.
The market was moderately active with Arizona Com and Indiana leading in the tract. A lode strike on the Indiana property spurred price gains while overall quotations were irregular and slid in afternoon trading. Thompson Towle & Co notes Anaconda officials deny broad copper cuts in Butte though July output fell significantly from normal.
The Denver and Rio Grande will start major efficiency improvements funded from earnings rather than new financing as it shows a 13 percent rise in gross for the year ending June 30 and a 22 percent increase in net earnings to 6.959 million. American Beet Sugar reports a stronger year with a 7.3 percent surplus and prospects for 8 percent on common stock as beet sugar output improves. The Rotary Ring Spinning Company expands installations in mills across New England, the South and New York State, signaling robust demand and cost reductions in manufacturing.
In Indiana No 7 hole eight feet of rich amygdaloid at 900 feet was found, 500 feet deeper than the rich felsite in No 2 hole. The copper is fine grained and throughout the core, similar to Nonesuch copper but as amygdaloid rather than sandstone. No 2 hole did not show this formation. Miami plans 100,000 new shares, with 60,000 to be issued currently.
Stockholders may subscribe for new stock to 10 percent of holdings at about 17 dollars a share. Over 60 000 shares remain in the treasury for acquiring new properties, possibly including the New Keystone Copper Co. nearby Miami. The Ely Central Eureka shaft nears the sulphide zone with a 58 foot drop and crosscut progress while Clipper shaft advances with new air compressor and two Traction drills arriving. Utah Apex Co reports a rich fourth level strike near Dana fissure with 34 ounces silver, 25 percent lead, and 8 percent copper. a telegram notes a two foot streak across the face and milling ore quality.
Curb market activity in Boston featured trades in Bay State Gas Inspiration Calaveras Arizona Cananea and Algomah with overall price moves irregular. Ely Central posted 11 16 and Inspiration 7 18 16 while Nevada Douglas stock returned after a hiatus and held at 21 2. Details of the day’s fluctuations are listed.
Southern Pacific declares quarterly 11 2 percent common from Oct 1 with record Sept 1. Union Pacific names quarterly 21 2 percent common Oct 1, and semiannual 2 percent preferred Oct 1 to Sept 12 record. National Biscuit issues 13 4 percent preferred quarterly and 11 2 percent common with respective record dates. Galveston Houston Electric and General Electric announce quarterly and semiannual payouts with specified record dates.
President and Mrs Taft hosted a reception at a villa overlooking the Essex Country Club attended by 250 to 300 guests from the summer colony. Helen and Robert Taft joined the President with Captain Butt and Secretary Norton. guests included Secretary of the Navy George von L Meyer and Mrs Meyer and Mr and Mrs John Hays Hammond of Gloucester.
George H. Robinson, a Plymouth farmer, regained consciousness and is expected to recover after yesterday's attack. County officials have been searching for the assailants for 24 hours without success.
Chicago August 11 The American League releases and contracts announced today include Duffy Lewis signing a two year deal with Boston. Other moves list Philadelphia releasing Balti more Hellmuller J Leary Detroit Killien and St Louis Crouch among others with various contracts and a suspension of C Hemp hill in New York.
Hull prepares for a major town gala with sports and events from Windmill Point to Jerusalem. Notable attraction includes Miss Rose Pitonef Pitoneff making her first public appearance as a renowned swimmer at 5 p.m. with an exhibition of Plekenett equipment.
Lawrence pitcher Pearson held Brockton to a 5-0 win in game one and blanked them through nine more innings in game two before darkness halted play. New Bedford then shut out Lowell 3-0 behind sharp fielding and McIntyre’s pitching, with five double plays and multiple standout catches.
In a pitchers battle Fall River defeated Worcester 2 to 1. Thompson held Worcester to four scattered hits while Wormwood pitched effectively for the home team. The score stood at 2 to 1.
In this column Duffey mocks sports managers and players while noting a rash of oddities. George Little and Sandy Ferguson figures surface amid club rivalries in Roxbury where Romar A. Co. and Notre Dames vie as local standouts.
Lynn edged Haverhill 3 to 2 as a ninth inning decision by umpire Connolly ruled Coulter safe at first, despite local belief that Metz faned Coulter. McTigue earned the win with 9 strikeouts while Swormstedt fanned 5 for Haverhill.
Grover Land catcher and Earl Yingling left Toledo American Association squad for Cleveland in the American League today.
The opening game in a series to determine the superior club will be played Saturday August 20 at the National League grounds. Prominent baseball men are expected to attend to evaluate the talent.
Answers to queries list individuals and facts from early baseball history. Names include A M Trelowin Sweetser Talbot Binns Conwell Collins Matthews Taylor Gardner and Collins. Notes cover pennant wins independent teams and player movements across Worcester Providence and Boston with brief comments on trades and schedules.
An assessment of ten cents a share has been called on the stock of the Raven Copper Company payable at the International Trust Co. 45 Milk St Boston on or before August 15 1910. Certificates must be presented for indorsement at time of payment.
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