Prices Hold Firm In Quiet Market Analysis
Total sales yesterday were 286 800 in New York and 39 791 in Boston. Steel common led New York activity with 34 000 shares and North Butte topped Boston with 7 982. Year to date New York sold 85 437 200 shares and Boston 8 008 620, compared with last year’s 69 474 800 and 3 881 267 respectively. Major gains included American Snuff in New York and Calumet & Hecla in Boston, while losses hit Texas Land Trust and N E Cotton Yarn. Call money rose to 27 8 in New York and 3 to 31 2 in Boston. time money ranged up to 43 4 in both cities, with Boston peaking at $1 2 per cent.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
North Butte
Texas Land Trust
Calumet & Hecla
N. E
Stock Market Irregular but Mostly Rises Amid Copper Strength
The New York market shows irregular trading with copper leading gains and speculation on Panama Canal bill and possible AT&T suit. United States Steel holds but stalls. Amalgamated Copper and American Smelting advance. Banks face $8 million cash drain, pensions and government payments expected to ease it.
MENTIONED IN THIS ARTICLE
New York
Congress
American Telephone & Telegraph Company
United States Steel
Chicago
Northwestern
Illinois Central
United States
Copper shares buoy Boston market on strong copper price
North Butte Calu met Arizona and Santa Fe Mining led a brisk copper list in Boston as United Shoe Machinery and American Telephone dominated the industrials. Speculation swirled around Anaconda absorbing North Butte and Calumet & Arizona at about 100 a share, while news of a Sherman anti trust suit pressured AT&T before denials steadied the stock. Traders remained hopeful of further copper rises due to metal strength.
MENTIONED IN THIS ARTICLE
Boston
North Butte
Calumet & Arizona
Santa Fe
United Shoe Machinery Common
American Telephone & Telegraph
American Telephone
Western Union
Anaconda
Market notes and warnings shape cautious trading mood
A calm but unsettled session highlights gains in American Snuff and Tobacco while General Motors and Mexican Petroleum lead futures. Steel activity lags as traders expect slower cycles, and Congress adjournment prompts optimism despite mixed sentiment.
Boston Curb Exchange Admits Mexican Metals and Utah Mining Shares
The Boston Curb Exchange lists 438 882 Mexican Metal trust receipts exchangeable for Mexican Metals Company certificates on Dec 10 1912 and 500 000 shares of Michigan Utah Mining Company with 1 000 000 authorized, issued full paid non assessable. Transfer agent Boston Safe Deposit & Trust Co executive roster includes Norman W. Haire James P. Edwards Edwin G. Woolley Jr L. H. Farnsworth James A. Pollock Roland H. Strickland Duncan MacVichie W. Zehring Daniel O. Hastings as directors
MENTIONED IN THIS ARTICLE
Boston Curb Exchange
Mexican Metal Trust
Mexican Metals Company
Arizpe Mines Company
Michigan- Utah Mining Company
Utah
Boston Safe Deposit & Trust Co
Norman W. Haire
Houghton, Mich
James P. Edwards
Edwin G. Woolley, Jr
Salt Lake City
L. H. Farnsworth
Above
James A. Pollock
Roland H. Strickland
Duncan MacVichie
W. 8S. Zehring
Daniel O. Hastings
Calendar for Today Dividends Payable and Books Closings
Dividends payable at St. Marys Mineral Land with books closing Saturday as ex-div. Friday. Books close for New York Ontario and Western for meeting.
MENTIONED IN THIS ARTICLE
St. Mary’s
Grain Markets See Mixed Close on Wheat Corn Oats
The Aug 23 grain session saw wheat rise strongly early with gains of 6 to 8 and 3 to 4. later selling trimmed gains. Wheat settled 1-8 higher in September and December, 1-16 in May. Corn futures opened up 1-2 to 3-8, cooled from a day high, and finished 1-2 lower bid. September closed 11-2 higher at 74, drifted to 72, then 1-8 lower at 72 3-8. Oats showed strength but ended unchanged to 1-8 lower.
MENTIONED IN THIS ARTICLE
Liverpool
Oreereneerer Bk. Oom
New York
Minneapolis
Duluth
St. Louis
Bond market notes on railroad and trust company issues
The Chicago, Burlington and Quincy railroad called for payment on $139,000 of 4 per cent bonds due Sept. 1 1921 at par and interest. Copley Square Trust issued $500,000 more of 4 1/2 per cent first mortgage bonds of 1941 for the Copley Plaza Hotel project, bringing outstanding to $2,500,000. Northern Railway Company called for payment at par and interest on $105,000 of 5 per cent first mortgage bonds due Sept. 1 from the indenture dated Sept. 15 1900. Perth Amboy bids due Aug. 30 for $80,000 4 1/2 per cent school bonds and $25,000 4 1/2 per cent water bonds maturing 1942. West and South Water Supply District of Acton Mass awarded $100,000 4 per cent bonds to N W Harris & Co with other bidders Adams & Co and Blodget & Co. Belmont Mass seeks bids by Aug 28 for $13,000 4 per cent bonds maturing 1913–1916 and $1,000 in 1917.
MENTIONED IN THIS ARTICLE
Chicago, Burlington & Quincy Railroad
New England Trust Company
Copley Square Trust
Copley Plaza
Estabrook & Co
Northern Railway
Old Colony Trust Company
Perth Amboy
N. J
West and South Water Supply District
Actor
Mass
N. W. Harris & Co
Adams & Co
Blodget & Co
Belmont
New River Company finances via notes secured by bonds
At a directors meeting held yesterday in this city the New River Company issued notes secured by its bonds to run two years. The firm plans to pay all outstanding bills next week and Federal Trust Company will handle bond interest coupons on Monday.
MENTIONED IN THIS ARTICLE
New River Company
Federal Trust Company
Mackay Companies Quarterly Stocks and British Tobacco Dividends
Mackay Companies announce regular quarterly dividends: 1 percent on preferred and 114 percent on common, payable Oct. 1 with record date Sept. 11. British American Tobacco declares interim 6 percent payable Sept. 30. Transfers in London must arrive by Sept. 18. Eastern Tale Company quarterly preferred dividends at 134 percent for Nos. 6 and 7. No. 6 payable Sept. 15 to record Aug. 30. No. 7 payable Dec. 15 to record Dec. 5.
MENTIONED IN THIS ARTICLE
Mackay Companies
British American Tobacco Company
London
Eastern Tale Company
Expansion in trade as crops lift activity across regions
Bradstreet's review notes expansion as the month ends with expectations of large crops boosting fall and winter supplies. Demand rises in dry goods, lumber, coal, wool, shoes, leather, iron and steel, while copper remains quiet. Bank clearings rise 18.8 percent year over year. weekly business failures show mixed trends. Exports of wheat and corn from US and Canada rise amid strong crop prospects.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
Boston
United States
Canada
Telegraph
Bradstreet’s
Cotton Market Quiet As Prices Move Narrowly
The cotton market opened lower on reports of beneficial rains in Texas and weaker Liverpool cables, with Georgia and Alabama up 5 to 6 points and Texas down 7 points. Short covering lifted prices briefly, but renewed South hedge selling and a bearish month end condition led to a 10 to 11 point daily decline. Private Texas advices were favorable with south Texas cottons offered freely and the basis down about $4 per bale from last week amid light demand.
MENTIONED IN THIS ARTICLE
Liverpool
Texas
Georgia
Alabama
South
Money Market Signals Upward Tendency By September
Mercantile demand for money is good and crop movement is underway. Bond houses are solid while commission houses hold back on borrowing. New York money on call sits at 27 8 percent with time money dull. Cash losses by banks threaten to push rates higher.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Trade Outlook Brightens as Crop Prospects Improve
R G Dun & Co notes crop prospects increasingly brilliant and industries at full capacity. Cotton goods demand shifts to smaller repeat orders while mill agents seek moderate lots for quick shipment. Leather sales surge, hides at peak prices. Overall trade activity high but cautious with expectations of top-valued levels.
MENTIONED IN THIS ARTICLE
Wall Street
New York
R. G. Dun & Co
South America
Boston
Metal markets hold firm with copper and tin gains
At the metal exchange a firm tone prevailed as copper rose for all deliveries to October. Tin gains ranged with October and September sales. lead and spelter advanced. London’s market closed with copper and tin up, lead and spelter higher, and futures activity noted.
MENTIONED IN THIS ARTICLE
Lake
Cookson’s
London
Cope
Up &S
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Devonshire Street
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Ug Ag
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