Downward March Led by Steel in Wall Street Trading
Total sales New York 635,500 shares and Boston 33,890. most active issue in New York Steel common 111,000 shares. From Jan 1 1912 to date New York 120,772,200 shares and Boston 10,555,505. California Petroleum leads New York gains. Union Bay pref. falls. Boston gains United Shoe pref East Boston Land Boston & Albany. Calumet & Hecla drops. Call money and time money rates vary in New York and Boston.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
California Petroleum
Union Bay Pref
United Shoe Pref
East Boston Land
Boston & Albany
Calumet & Hecla
Quarters Send Wall Street Lower Amid Merger and Sherman Debate
Stocks weakened as traders weighed the Harriman merger and Sherman anti trust scope. United States Steel fell to its lowest since July as copper and steel issues slumped. Southern Pacific and Union Pacific wavered. American Can sank after dividend news. Union Bag and Balfour papers dropped on back dividend. Call money eased and London gold imports rose. bond sales were heavy with Panama 3s advancing on call.
MENTIONED IN THIS ARTICLE
New York
Harriman
United States Steel Corporation
Southern Pacific
Union Pacific
Union Bag Bfd
London
Panama 3
Mexican Metals and Alaska Gold Trade On Boston Curb
Mexican Metals receipts led the Boston curb exchange with an 11 4 high price while Alaska Gold slipped to 95 8. Mexican Metals officers were re elected except vice president Edward Quirk who was replaced by George H Woodman. Other notable issues included Butte Central Bay State Gas Ohio Copper Goldfield Consolidated and Calaveras.
MENTIONED IN THIS ARTICLE
Mexican Metals
Alaska Gold
Mexican Metals Company
Edward Quirk
George H Woodman
Butte Central
Bay State Gas
Ohio Copper
Goldfield Consolidated
Calaveras
Grain markets ease with December firm. oats mixed
Dea notes fractionally higher wheat with weak primary receipts and lack of export demand. December corn strengthens cash and covering demand, regaining premium over May and closing higher. Oats stay fairly steady with mixed closing moves as overall demand remains subdued.
Local Market Sees Steel Common Lead Downward Pulse
The Boston market reports a broad price drop following New York, with Steel common slipping from 72 3/4 to 71 1/2 on 6875 shares, amid liquidation cues and stop loss activity. Calumet & Hecla fell 15 points to 54 5, United Fruit declined 11 4 to 180 5 8, while other favorites weakened as the day closed with a weak tone.
MENTIONED IN THIS ARTICLE
Boston
New York
Steel Common
Granby
Calumet & Arizona
Butte & Superior
North Butte
Isle Royale
Calumet & Heela
United Fruit
Market Shakeup as Union Pacific Merger Rumors Roil Stocks
Yesterday’s trading showed a weak and active session as investors priced in a broader impact from Union Pacific’s merger decision. Southern Pacific led losses despite a strong showing, while Union Pacific itself slipped with the market. Union Bag & Paper’s board rejected a 4 percent preferred dividend, an action that stunned observers amid prior speculation of a 7 percent payout and possible common dividends. Steel, American Smelting, and Amalgamated also declined, with Steel breaking below 738 1 2 as bears pressed further.
MENTIONED IN THIS ARTICLE
Union Pacific
Southern Pacific
Union Bag & Paper
Steel Common
American Smelters
Amalgamated
Bears
Bond Market Signals Shift As Reid Led Rally Fades
Amid a large crowd of amateur traders the alleged bull market led by Daniel Reid falters. Reports say the East Butte Copper and Pittsmont bond actions freed large assets, with notes and shares shifting, and overall market activity showing mixed results from major issues to back dividends. Total sales reach 1.9 million dollars for the day with year to date totals rising against prior periods.
Market closes with renewed weakness after opening
After the opening, prices show considerable weakness during the day with a slide toward the low levels seen late Monday afternoon. Quotations center on Liverpool.
Money market strain eases as call funds slip to 56 percent
The money market shows continued strain but slight relief as call funds dip to 56 percent and close there. Time money edges down with rates around 6 1/2 percent for 60 days and 6 to 6 1/4 percent for three to four months. Foreign exchange and local money quotes listed, with Chicago and New York clearings noted. Subscription for Indianapolis utility stock financing opens this morning, closing noon December 1, 1912, with preferred dividends at 6 percent and redemption at 105 plus accrued.
MENTIONED IN THIS ARTICLE
New York
Boston Clearings
Boston
Vy Bankers’ Sterling
Stock Offering for American Public Utilities Prepares Subscriptions
H Nason & Co and Kelsey Brewer Co Syndicate managers in Grand Rapids are receiving subscriptions in this territory for the American Public Utilities Co stock. The offering includes 2 200 000 of 6 per cent cumulative preferred and 770 000 common stock with 30 common per 1000 for 1000 par, in blocks of 1000 par value preferred and 1000 par common. The company owns Utah Gas & Coke Salt Lake City Boise Gaslight & Coke Minnesota Wisconsin Power Elkhart Gas & Fuel Valparaiso Lighting and related properties.
MENTIONED IN THIS ARTICLE
H. &. Nason & Co
New Mag
Kelsey, Brewer & Co
Grand Rapids
Mich
American Public Utilities Co
American Public Utilities Company
Utah Gas & Coke Company
Salt Lake City
Boise
Idaho
Gaslight & Coke Company
Minnesota-Wisconsin Power Corporation
Elkhart Gas & Fuel Company
Elkhart
Ind
Valparaiso Lighting, Company
Valparaiso
Ona
Coke Company
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East Boston
East Butte
Mason Valley
Ny¢& H
Old Colony
Ld Dominion
Osceola
Utah Apex
US Steel Pf
Utah
Consol
Victoria
Eee
Pere Marquette
New York Market
Am Cities Co
BRL
Smelt & R
Tel & Cable
At&sf
At& SF Pf
Atl
Balt Ohio
Beth Steel
Beth Steel Pf
Bklyn R T
Can Pacific
Case J I Co Pf
Ches Ohio
Dss&a
Erie
W Helme Co
Goldfield Con
Goodrich B Co
Aolg Bnl
Goodrich BF P
Gt Nor Ore Om
Oes Lackawan Steel
Lac Gassenor
Lehigh Valley
Loose-Wiles Co
Lorillard Co
Lorillard Co Pf
Louis Nash
Bos Roa
Mer Marine
May Dept Store
Mex Pet Co
Miami
Minn & SL
Nevada
Nor & Wes
Nor Am
Nor Ohio T & L
Studebaker
Texas Pacific
the Texas Co
L&w
TS L&w Pf
Third Ave
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Ubber
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Butte & Su
Butte Balla l
Cal & Arizona
Cal & Heela A
Centennial
Chino , Oe
Ald
THE
Boston Curb
Oppee Low
Alaska
Consol B
Corbin Ene Eeere
Eeee
Cortez Bss
Crown
Davis Daly
Eag & B B
Ohio
Allied
Giroux
Greene Can
Houston
Tuolumne Ween
UN Cig
Wettlaufer
Tee
Patna
Sreeeter
American Linen
Arlington Mills American Rew Co
Apsley Rubber Co
Bigelow Carpet
Borden's Milk
Eae
Odopf. Boston Belting Co
Columbian National Life I
Charlestown Gas & Elee
Detroit Edison
Fitch & Spaceminster
Great Falls Mfg Co
Library Bureau
Eeete) & i
Lyman Ills
Anomet Mills
Massachusetts U Nton Mills
Michigan State Telephone
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Prrerarree
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Isa Kee
Peter Eeeere
Sted
OCOM
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Burlington
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Dea
Chicago
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St. Louis
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Pacific Mills
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Farr Alpaca Co
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Stafford Mills Co
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Draper Company
Boston Belting Co
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General Film Co
Douglas Shoe
Fort Hill
State Street
United States
Reid
Daniel Reid
Mr. Reid
Europe
East Butte Copper Mining Company
Pittsmont Copper Company
Pittsburg
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Pittsment Company
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F Pittsmont Company
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James H. Reed
Hast Butte Company
Boston Stock Exchange
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American Trust Company
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Beth
Stock Exchange
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Reeves
Armour & Co
At& A
SU Eerie
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Lorillard
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Eading
LIM & Riv & Gulf
Bklyn
Finn
L&a P
Eure
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L & West
Canad
S—S—S—S—S—S
Ssss Bngg
Union
Con Pacific
A. T. Ches
Oon Bal Union
Patie
Renee
Steel
NSA
Mil & St Pal Crea
Benes
West ‘Union Ts
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Chino Copper
Ecu
West Shore
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den & RG
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Wilkes
Ebs
Rez
Balt
Nyc
Liverpool
Aaa
Asta
Indianapolis
Indiana
LaCrosse
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Follow
Ing
Merchants Public Utilities Co
Peoples Light & Heat Co
Elkhart Gas & Fuel Co
Valparaiso Lighting Co
Utah Gas & Coke Co
Boise Gas Light & Coke Co
Winona Gas Light & Coke Co
Winona
Board of Directors
Columbus
Cleveland
Louisville
Providence
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Messrs. Kelsey, Brewer & Co
Michigan
Pam & Hurd
Til
H. L. Nason & Company
Congress Street
Money Markets
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Jup Cy District Court
Southern District of
Shanley -Morrissey Co., Inc
Oswego
Champlain
Charles Shongood
N. Y
Shanley-Morrissey
Mechanicsville
Harte
Clifford G. Ludwighy
New
Nassau Street
Taw
Carey
Congress St
Mass
Boston Curb Exchange
George E. Keith
William Bracken
Associated Trust Department of Mortgage-Certificates
Milk St
Fr. F. Blanchard
Boston Commercial Company
State ST
Alfred KE. Long
American Zinc, Lead & Smelting Co
American Zinc, Yead and Smelting Company