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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 20, 1910
Page
12
Market yesterday fell further with lower prices and reduced volume as profit taking and weak technicals dominated. New York led losses with Reading and Indiana among most active issues while concerns over Roosevelt and administration ties shaped sentiment.
Local copper traders showed little interest as North Butte slipped fractionally and Indiana rose on insider buying. Analysts note Indiana’s price may swing daily as drilling tests widen the ore body. John D. Ryan foresees no production curtailment in Butte and expects potential gains from quality ore. N. L. Amster predicts tighter output and firmer prices amid improving foreign demand. Current local money rates and foreign exchange quotes follow.
Despatch from Salt Lake details Liew Humphries on the Mason Valley Mines ore tonnage and copper grade, with a 1,000,000 tons at 3.9 percent copper forecast. Updates include Nevada Douglas mine yields, a Wabuska smelter start, and Nevada Copper Belt Railroad track progress. Also notes transfer agent appointment for Cliff Mining Company stock.
Local curb market trading featured Fly Central slipping from 99 to 86 cents and closing weak at 92 cents. Amal gamated Nevada rose to 15 cents while prices for Ari zona Michigan Eagle Blue Bell and Humboldt Smelters showed wide fluctuations. The full curb list details follow.
Grain quotations show country buyers expanding house trade while eastern centres report plentiful buyers. Iron and steel quiet, building active, lumber and hardware stronger in the West. Wool quieter, cotton goods curtailment, prices firmer. West rains improve crops, corn moisture aiding maturity. Copper demand fair early then easy undertone. US and Canada wheat exports for week ending Aug 18 total 1,497,514 bushels. seven weeks 9,047,471. Corn exports week 48,537. seven weeks 1,956,833. Business failures rise to 222 for week ending Aug 18. Canada wholesale steady. retail good except East. Crop results better than expected. American Smelting & Refining Co annual report issued.
First National Copper Company reported July production of 1,228,838 pounds of copper 87,987 ounces of silver and 1 165 ounces of gold versus June output of 1,254,056 pounds of copper 38,964 ounces of silver and 1 126 ounces of gold.
Trenton sold 100 000 in 41 9 percent water bonds dated Oct 1 1910 maturing 1938 to Blodget Co at 108 788 and 55000 20 year 4 1 2 percent bonds to the same firm at 163 02. The First National Bank of Boston was not awarded the 340 000 temporary Wellesley loan. the award went to Wellesley National Bank. The Milford Uxbridge Street Railway Co 85000 20 year 5 percent bonds approved. NYSE listing sought for 3 000 000 4 percent refunding bonds due 1947 of the Chicago Indianapolis Louisville Railroad. NY State canal bonds 1 000 000 4 percent dated 1960 admitted to the list.
General Chemical Co declares a quarterly dividend of 4 per cent on common stock and 144 per cent on preferred stock with record date Sept 21. Blackstone Valley Gas and Electric Co declares a quarterly dividend of 1.50 on preferred stock with record date Aug 23.
R G Dun Weekly Review notes contraction persists but business sentiment strengthens while underlying conditions look firmer. Trade is large to meet daily needs for 90 million people, yet current demand targets immediate consumption with little future buying. dry goods show better tone, but overall activity remains limited.
Bradstreet's Review notes improving crop reports and fall jobbing trade with further gains. The West shows pronounced improvement in corn and general rains, indicating stronger agricultural and commercial activity.
Dividends payable at St. Paul Minneapolis and Ontario lines show 31 2 percent for common shares and 31 2 percent for preferred shares. Ex-dividend date listed as 3 CT. ce pea.
Northfield August 19 conference on Christian workers considers missionary topics. Principal speakers include Rev and Mrs H J Dube missionaries to the Zulus. Rev G Campbell Morgan of London gave the final Bible talk, joined by Rev Eilvet Lewis of London and Rev Dr G Glenn Atkins of Providence.
The Shubert Theatre opens Monday with Wright Lorimer in The Shepherd King and runs two weeks. Three Millions continues at the Colonial for one more week, then My Man. The Majestic presents The Merry Widow to large crowds. Park Theatre opens Aug 2 with The Climax. Castle Square presents The Squaw Man. Columbia launches with Pat White and company. Lindsay Morison Stock Company offers The Liars with Eleanor Gordon. Rose Pitonof swims at Keith’s next week. Howard hosts New Century Girls. Bowdoin Square features features plus a moving picture programme. Waldron’s Casino begins afternoon shows with The Rollicking Girls. O’Brien from Galway at Globe. Gaiety starts season with Knickerbocker Burlesquers. Annie Morecroft swims Revere to Nahant. Norumbega Park closes open-air vaudeville this afternoon. Next week vaudeville includes Otto brothers and more. Paragon Park fireworks tonight. Palm Garden hosts free circus acts and band concerts.
In Reading Pennsylvania Mrs Chloe Walker a Black resident dies aged about 108. She was honored as the town’s oldest resident with local attention and a noted long life in the community.
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