Bearish force dominates market as rail strike fears loom
Prices swung toward lower levels with bearish operators gaining control across issues. Reports of Western rail strikes, the Morocco case, and Illinois Central pulling 2000 cars fed selling of Steel common. Union Pacific fell to 166 3 4 as large holders liquidated. Railroad executives warn a strike would cost about 1 million per road and strain finances.
MENTIONED IN THIS ARTICLE
Morocco
Illinois Central
Morgan
Union Pacific
Bears Hold High Carnival in Yesterday's Markets
Market summary showing total shares traded: New York 670 500. Boston 61 276. Highlights include Steel common most active in New York at 218 000 and Franklin most active in Boston at 6 278. Jan 1 1911 to date totals: New York 70 145 300. Boston 3 942 542. Comparisons with last year: New York 120 616 400. Boston 8 508 291. Notable moves: Union Bag & Paper pref up 4 to 58 in New York. Central of New Jersey down 10 to 260. Boston gains Mergenthaler 2 to 234. Rutland pref down 3 to 35. Call money New York 24%. Boston 2 to 3%. Time money New York 23 4 to 3 34%. Boston 4 to 4%.
MENTIONED IN THIS ARTICLE
T&sf Eves
Atla Line
Beth Steel - Bow
Ohio
Wodss&a
Louis Nash
Mer Marine
Miami Copper
Minn & SL
Nevada
Nh&h
Nor & Wesseer
Nor Pace
Pacific Mail
Penn
Pitts
Ry St Spe
Ray Consol
Rep I & S
Rock Island
South Pacific
South Ry
Tenn Copper
the Texas Co
Texas Pacific
Tenn L & W
U S
U S Steel
Utah
Maryland
West Union
Westinghouse
New York
Boston
Steel Common
Franklin
Union Bag & Paper Pref
Central of
I. W. Mason & Co
State Street
American Marcon
Amer Soda
Berlin Mills
Boston Securities
Butterlec & Power Com
Central Union Telcom
Dayton Lighting
Federal Light & True
Ginter Grocery
Houston Oil
Tola Portland Cement
King Crowther
Library
Massachusetts Breweries Ee
National Casket
New Hamphree Bus
Sealshipt Oyster Pt
Springfield Breweries
Tacédma Gas Light
Texas Traction T
U S Bobbin & Shuttle
Atlantic Shore Line
M&b
Wwe
West T & T
Boston & Worcester St
Vy Butte Water Co
Canton-Akron
Clyde Steamship
Denver Union Water
Rutland
Union Pacific Fistern Steamship
Ler
Evansville Elee Ry
Eee
Revereeee
Hudson
Butte Coalition
New England Brick Yards
Cal & Arizona
Omaha Water
Elas Ne
Boston Sub-Treasury
Cal & Hecla
New York Clearings
Estes
la Salle
Shannon
Copper stocks capsize as banks tighten margins at market close
The local market endured a strenuous day with widespread selling pressure and a general decline. Banks now demand higher margins on copper shares trading above 26 while discarding low priced coppers from collateral, leaving Lake Copper valued around 22 despite better physical condition. The column notes booms and lows drive speculative mood, and urges against a continued rush to sell securities.
MENTIONED IN THIS ARTICLE
Boston
New York
Lake
Ray Consolidated sale boosts copper plant status in Southwest
The sale of the Ray Consolidated smelter to American Smelting entitles Guggenheims to about 1 600 000 dollars already spent on construction. Ray Consolidated will gain a favorable ore-treatment rate under ASCs direction, boosting its standing among Southwest copper mines. Additional notes cover Giroux shaft fire and insider trading implications, Rogers Norton stock manual, and Clark interests planning a railroad spur from St John to Ophir Utah. J C Marden Jr elected director of Sloss Sheffield Steel and Iron.
MENTIONED IN THIS ARTICLE
Ray Consolidated
American Smelting Interests
Guggenheim Family
American Smelting Company
Southwest
Lion Hill
Clark
St. John
Ophir
Utah
Boston curb market features Corbin Copper rally
The Boston curb market saw Corbin Copper as the standout, opening at 0 with a rise to 11 16 and a plunge to 638 cents before recovering to 75 cents at close. Chief Consolidated fell from 68 to 54 cents, ending at 60, while South Lake and others posted sizable losses. Porcupine Northern held firm, rising to 60 cents, with Porcupine Central also notable.
MENTIONED IN THIS ARTICLE
Corbin
Chief Consolidated
South Lake
Davis Daly
Nevada
Utah
Majestic
New Baltic
Porcupine Northern
Porcupine Central
Bond market notes
Reading Mass awarded 12000 four percent bonds maturing 1200 annually 1912 21 inclusive to Blake Bros Co at 100 81 The note records a bond issue and the bidding terms with the awarding firm and price. The data points include location Reading Mass the bond rate four percent the annual redemption and the contract price 100 81.
MENTIONED IN THIS ARTICLE
Reading
Mass
Blake Bros. & Co
New York Curbs Market Quotes Drift In Brief Session
Exchange board shows limited activity with modest price moves and brief gains across several issues. Traders note unsettled sentiment as early gains fade and volatility remains elevated amid mixed economic signals.
Eastern Steamship July 1910 Financials Show Increases
The record lists gross income and net income figures for July and January to July 1910. It notes gross income of 371,154.96 and 983,940.52 with net income of 190,738.00 and 191,484.00 respectively, across periods indicated.
Dividends Declared by Regional Railways and Utilities
Railway Steel Spring Company declares quarterly 18 4 percent on preferred stock with books closing Sept 6 and reopening Sept 20. St Joseph South Bend & Southern Railway Company declares semi annual 21 2 percent on preferred with books closing Sept 11 and reopening Sept 16. St Joseph South Bend & Southern Railway Company also declares semi annual 1 percent and 12 percent extra on common with books closing Sept 11 and reopening Sept 16. Whatcom County Railway & Light Company declares semi annual 8 on preferred with books closing Sept 1 for stock of record Aug 24.
MENTIONED IN THIS ARTICLE
St. Joseph
South Bend & Southern Railway Company
South Bend& Southern Railway Company
Whatcom County Railway & Light Company
Calendar for Today Digest of Financial Markets
Books Open Boston Elevated. Books Close N. O. and Western. Dividends Payable People's Gas com. 138 4 per cent. Vandalia R. R. 1 per cent. Meeting Old Colony Trust.
MENTIONED IN THIS ARTICLE
People's Gas Com
Vandalia R. R
Meeting Old Colony Trust
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William E. Soule
Salt Lake
Toronto
Ask
LHR
Edison Kiec
General Elect
Mergenthaler
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Swift & Co Eee
Torrington
United Fruit
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Chicago
Eens Ariz Oeeee
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la Rose
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Mo, Kan & Tex
Midh
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Seeeee
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Dan
Giroux
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H. O. Seixas
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ELSES
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Harry Clay Blaney
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SOUTH _END
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