Market summaries show New York and Boston activity
Yesterday's market totals report New York sales at 711 400 and Boston at 53307 shares with steel common leading in New York and Butte & Superior in Boston. Year-to-date figures: New York 122 429 600 and Boston 10 659 834. prior year comparisons show gains for St L S F 2d pref and Calumet & Heela while U S Rubber 2d pref and Hedley Gold posted losses. Call money ranged 2 3 4 to 6 1 2 percent in New York and 6 to 8 in Boston. Time money moved to 6 1 2 percent in New York and 6 percent in Boston.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Butte & Superior
U. S. Rubber
Calumet & Heela
Hedley Gold
Bear Market Dips Then Rebounds In New York Shares
The New York stock market resumed the bear campaign with prices falling 1 to 6 points before a strong late rally. Major issues hit new lows for the movement, including Steel at 67 1 2 and Union Pacific at 168 6 8, but losses were recovered by noon and gains posted by close as short covering aided the rebound. Forecasts of tomorrow's bank statement suggested a modest cash loss. bankers expect this week's report to show improvement due to stock liquidation and loan shifts. Bond trading declined sharply yet recovered slightly at the close.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Amalgamated
Union Pacific
American Can
United States
Boston Curb Reports Sharp Rise in Mexican Metals
General activity on the Boston Curb highlighted Mexican Metals with 10,000 shares dealt and closing at 11 2, a new high. Other notable items included Smokey Development First National Copper Alaska Gold Butte Central Bay State Gas Boston Ely and Consolidated Arizona with further fluctuations detailed.
MENTIONED IN THIS ARTICLE
Boston
Smokey Development
First National Copper
Alaska Gold
Butte Central
Bay State Gas
Boston Ely
Consolidated Arizona
Alaska
Bohemia
Butte & Son
Calaveras
Corbin
Arizona
Davis Daly
Eagle
Ely
First National
Houghton
Kuskulana
Laramie
Lion Hill
Majestic
Utah
Doug
South Lake
Yukon
Market and Copper News Amid Wall Street Decline
The article notes heavy selling with a late recovery and two sided trading outlook. It discusses tight money, bank loan envelopes, and declining NYSE seat values. Copper surplus expected to rise 10 to 15 million pounds with prices around 17 3/4 cents per pound. Ahmeek Mining declares a quarterly dividend of 7 per share, continuing a 15 month rise from 2 to 7. Goldfield Consolidated maintains cash reserves while dividend payments face adjustments.
MENTIONED IN THIS ARTICLE
Teper Eee
Wall Street
Financial District
Money Trust
New York Stock Exchange
Boston
Ahmeek
Enaxeonce
Ahmeek Mining Company
Calumet & Hecla
Goldfield Consolidated
Preferred Dividend Declared by Eastern Texas Electric
Eastern Texas Electric Company declares a semi annual dividend of 3.00 per share on preferred stock payable January 1 1918 to stockholders of record December 18 1912. Stone Webster transfer agents.
MENTIONED IN THIS ARTICLE
Eastern Texas Electric Company
Beaumont
Port Arthur
Texas
Eastern Texas Eelectric Company
Stone & Webster
Manhattan Railway Company
American Zinc, Lead & Smelting Company
American Manufacturing Company
West Pennsylvania Traction & Water Power Company
Central of New Jersey
American Smelters Securities Company
American Snuff Company
Lorillard Company
Weyman-Burton Company
Local Market Sees Decline as Copper Shares Lead Lower Prices
In Boston on December 6 prices fell as London G M B spot and futures declined 12s 6d with renewed New York bearishness. Butte & Superior dropped from 44 to 41 1/2 on 5787 shares while most copper and industrial stocks declined. The day ended irregular as short covering and light buying offered a small late recovery.
MENTIONED IN THIS ARTICLE
Boston
London
New York
Butte & Superior
Giroux
North Butte
Amalgamated
Steel Common
American Telephone
American Zinc
New Haven
Massachusetts Electric Common
Boston Stocks and Bonds Report
The Boston market shows total sales of 53,307 shares and bond transactions totaling 24,000 dollars.
Boston Stock Exchange Strikes Mass Electric Preferred Shares
The Boston Stock Exchange removed 234 642 shares of Massachusetts Electric Company 4 percent cumulative preferred stock from listing after a majority was deposited under a December 1911 circular. A.M. Alger elected director of Commonwealth Trust Company. A. F. Davis of Davis & Davis joins the Boston Stock Exchange.
MENTIONED IN THIS ARTICLE
Boston Stock Exchange
Massachusetts Electric Cos
A. F. Davis
Davis & Davis
Providence
Grain Markets Show Steady Tone Amid Moderate Activity
December grain prices held a steady tone with narrow fluctuations. Wheat eased 1.16 to 1.16 higher on May and July contracts. December oats slipped, May corn fell 1-16, while July minor changes. Global markets showed mixed gains and losses across Liverpool Paris Antwerp Berlin and Minneapolis receipts rose to 699 cars with year over year increases.
MENTIONED IN THIS ARTICLE
Liverpool
Paris
Antwerp
Budapest
Berlin
Minneapolis
Duluth
Chicago
Boston Elevated bonds and stock issue approved by railroad board
Bond market notes indicate approval for a 4 million dollar 30 year Boston Elevated bond issue at up to 5 percent interest and 40 thousand shares of additional stock at 105 dollars each. N. W. Harris and Perry, Coffin & Burr have purchased 1 million dollars of Southern Power Company first mortgages. Public offering of these bonds is anticipated.
MENTIONED IN THIS ARTICLE
American Public Utilities Co
New England
H. L. Nason & Co
Boston Elevated
N. W. Harris & Co
Perry, Coffin & Burr
Southern Power Company
Money Markets Show Slight Improvement After Liquidation
Money market conditions in New York eased modestly with renewed call loans at 6 percent and a wider supply of funds. Call funds ranged from 6 1/2 to 4 1/2 percent, while time funds varied by term from 6 1/2 to 6 1/4 percent for up to six months. Local money rates and foreign exchange quotational data followed.
MENTIONED IN THIS ARTICLE
New York
Wsiatecs
Boston Clearings
Boston
Eensence
Estegen Sebce Bankers’ Sterling
Eevee
Eereee
Reichsmarks Se Nee
Metal Markets Show Weakness Across Copper Tin and Lead
Metal exchange reports and London prices indicate declines in copper and tin with spot sales noted. Copper off for nearby and late deliveries while tin and lead hold modest levels. London market closes with copper and tin down and lead steady amid thin trading.
Thompson Towle & Co Enlarge Quarters at 50 Congress Street
Thompson Towle and Co will move after the new year to the former State National Bank quarters at 50 Congress Street across from their current offices. The move increases facilities with clerical staff remaining on the State Mutual Building’s second floor and a new independent stairway linking to the main offices. Safe deposit vault access shifts to the building basement to avoid interfering with the new setup.
MENTIONED IN THIS ARTICLE
Thompson, Towle & Co
State National Bank
Congress Street
State Mutual
Bradstreet's State of Trade Reports Mixed 1912 Activity
Bradstreet's review notes vigor in many sectors offset by slackness in others. Holiday toy and specialty sales rise while winter weight goods slow due to mild weather. Textiles face worker shortages. iron and steel remain busy with strong orders. Grain markets rise. cotton falls slightly on larger receipts and higher ginning estimates. Bank clearings rise 7.4 percent. weekly business failures rise versus prior years. Canada reports strong holiday trade but mild weather hurts winter goods sales.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
United States
Canada
Telegraph
Bradstreet’s
Armistice and arbitration curb business uncertainties in trade
Dun and Co expects a calmer business outlook as Balkan war armistice and arbitration settling a railroad strike reduce tensions. November railroad earnings rise 8.2 percent, bank clearings up 6.2 percent from last year and 14.5 percent from 1910. Cotton goods stay strong yet wary amid high prices. Fall River mills near December sold. Textile and leather markets show mixed demand and price directions across hides and belts.
MENTIONED IN THIS ARTICLE
New York
R. G. Dun & Co
Fall River
China
Bolivia
Colombia
Central America
Paris
Cotton Markets See Small Rally Then Setback
A quiet cotton market day with fluctuating prices. Weather reports were mixed and South condition reports conflicted. Opening quotations fell 6 to 17 points, a slight rally followed by another dip and a day range of 3 to 13 points.
New Haven Official Testifies in Grand Trunk Traffic Probe
Arthur E. Clark secretary of the New York New Haven Hartford railroad testified before a federal grand jury. He is the first New Haven official called as a witness in the probe of traffic arrangements with the Grand Trunk railroad.
MENTIONED IN THIS ARTICLE
New York
Arthur E. Clark
New York, New Haven & Hartford Railroad
Federal Grand Jury
New Haven Road
New York, New Haven & Hartford
Grand Trunk Railroad
Officials test in grand jury on railroad restraint of trade
John S. Murdock and William C. Bliss testified as subpenas pressed for George C. Jones. The session adjourned until Tuesday as Adkins may consult interstate commissioners in Boston. A suit to dissolve the dual railroad agreement is believed drawn up and near filing after further probe.
MENTIONED IN THIS ARTICLE
John S. Murdock
Southern New England Railroad
Grand Jury
William C. Bliss
Rhode Island
George C. Jones
Central Vermont Road
Murdock
Boston
Adkins
To All Appearance
United States
French
Bids Opened for Commonwealth Pier Sheds Reconstruction
Port Directors opened bids for upgrading sheds on the Commonwealth pier in South Boston to handle Ham burg-American line passenger steamers next spring. Barrows-Stewart Co. lowest bidder. Governor and Council must ratify before work starts.
MENTIONED IN THIS ARTICLE
Commonwealth Pier
Boston
Barrows-Stewart Company
Bancroft
Dividends Declared by Major Companies
A list of regular quarterly and semiannual dividend payments with amounts and payable dates for firms including Chicago Burlington & Quincy, American Bank Note, Waltham Trust, Regina Lace, Appleton, St Joseph Railway, Great Northern Iron Ore Properties, Sulzberger Sons, Booth Fisheries, West End Street Railway, International Silver, Converse Rubber Shoe, Central Trust Cambridge, Twin City Rapid Transit, New York State Bus and Rys, May Department Stores, and Providence Telephone. Entries specify percent or dollar amounts, record dates, and payment dates.
MENTIONED IN THIS ARTICLE
Chicago, Burlington & Quincy R. A. Co
American Bank Note Co
Waltham Trust Co
Regina Lace Co
Ahmeek Mining Co
Appleton Co
St. Joseph Railway, Light, Heat & Power Co
Great Northern Iron Ore
Sulzberger Sons Co
Booth Fisheries Co
West End Street Railway Co
Rys. Co
May Department Stores Co
Payalle
Providence Telephone Co
New Safe Deposit Vaults Largest in New England
REPORT OF THE CONDITION OF THE INTERNATIONAL TRUST COMPANY OF BOSTON AS OF NOVEMBER 26 1912 SHOWS ASSETS AND LIABILITIES. The document lists bonds stocks loans real estate and cash items with total assets around 16.6 million and deposits over 10 million. Officers and directors attest to the accuracy before a notary public.
MENTIONED IN THIS ARTICLE
International Trust Company OF Boston
United States
State of Massachusetts
Borg Tolod
Bies Bank
de Suman
Vauke Chaceeae
Suffolk
Boston
Henry L. Jewett
John M. Graham
Robert M. Morse
Garret Schenck
V. C. Bruce Wetmore
Edmund H. Talbot
International Trust Company
A. Francis Hayden
New England
Also Mentioned on This Page
Kidder, Peabody & CO
Devonshire Street
Steel
New York Market
Am Cities Co
Am Cities Co Pt. Ee
Smelt & R
Realiz
East Ohio
Beth Steel A
Beth Steel P
Ohio
Dl& W Eee
den RG of Eevee
DSS& Steers
Erie Eee Et Eee Eens
Erie 1S
Goodrich
H’m Exp
Int Pum
Kan Co
Kresge Co
LE & W
LE & W Pf
Lehigh Valley
Liggett & Mey
Rose-Wiles Co
Lorillard Co
Louis Nash
Mackay Pf
Manhatn Elev
M&y Dept
Ils
Mer Marine
Mer Marine Pf
Mex Pet Co
Mex
Pet Co
Miami Coper
Minn & Ss
Nevada
Nynh&h . Wit
Nyok&w
Nor & West
Nor Am
Nor Pac
Pacific Mail
Dae Ui
Pac T & T Pf
Penn
Philadel Co
Pitts Coal
Rock Island
St Lou & Sn J
Studebaker
Texas Pacific
the Texas Co
Third Ave
U S
Utah Copper
Irc &C
State Street
the Market and Bear News
Braden’s
Braden
Guggenheim-Burrage
South America
Wabash Ay
Maryland
Union Esewe
Wis Cental
Woolworth
Boston Stocks
Gulf
West T & T
Algomah
Allouez
Ag Chem
Tel & Tel
Amoskeag
Atchison
Bos & Albany
Bos Carbinee
Bos & Maine
Bos & Providers
Bos Elevated
Butte & Sup
Butte Ballak Az
Cal Arizona Ene Ee
Cal & Hecla
Centennial Serene
Eee Hee Ee
Cum Cop & L Pf
Daly West Serene
East Boston
East Butte
McElwain
Miami
Michigan Eeeseane
Mohawk
Nevada Aika
New Arcadian
New Englel
Ny&neeeee
Nipissing
North Lake
Nor & Wor
Pullman Co Teas
Quincy
Reece
Santa Fe
Shannon
Swift & Co Superior
Tamarack
Torrington
Torrington Pf
Trinity
U'S
Victoria
West End Een Eee
Western UN
Winona
Wyandot
Marconi
Butte & NY
Consol
Arisons
Eleevee
Ely Cena Oe
Florence Goldfield
Greene Cananea
Houston Oil
Kerrie
Manhattan Shirt
Dopf
Manhate Transit
Mason Valley
preRinley Dar
UN Cig
Wettlaufer
Braden Copper
Braden Co
A. M. Alger
Commonwealth Trust Company
Mr. Alger
Bristol County
Taunton Savings Bank
Taunton National Bank
Staples Coal Company
The
Massachusetts Real Estate Company
Corr Manufacturing Company
Jan Ciwee Kee
St. Louis
Kansas City
Toledo
Ivaweieks Se
Detroit
Money Markets
Metal Markets
Ask
Bnot
Ico
Ees
Anelter Oo
Vseeeves
Cheig Kon Yataas
Cookson’s
Dee
Dun
Atlanta
la Rose
Blue Bull
Boot
Peterson L
D'fld
Silver L
Daisy
Temiskam
Florence
Trethewey
G'fld_ Bel
Jim Butler
Crown Pt
Beaver
Gr Central
Buffalo
Idaho
Chamber
City Cobalt
Cobalt L
Coniagas
Crown Res
Uu Anuluse LE
Hargrav
Opohongo
Big Dome
PrinceCons
Crown Char
Dobie
Dome
Uncle Sam
O'Brien
Hollinger
Jupiter
Wilbert
Kerr Lake
Chicago Market
Pheu Tool
Wsa&m
Swl & Co
Si Morris
Hart, Schaffner & Marx
American Water Works & Guarantee Company
American Can Company
Interboro Rapid Transit Company
American Cigar Company
American Tobacco Company
G. W. _Helme Company
G. W. Helme Company
Buffalo Mines, Ltd
Barrows-Stewart Co
H. P. Converse & Co
Lawler Brothers
John Cashman & Sons Co
Woodbury & Leighton
Holbrook, Cabot & Rollins Corporation Eeenee
William Patrick McGovern & Co
L. Miller
Luke D. Mullen
Ciks
Ks Ces
Massachusetts
Trust Department
Apf
Natl Bks
Or Trust Cos
Philadelphia Market
Phila Co Ked
Cem
Te Bow Am Rys
Phil Co
Tonopah Ae
Tr&St
Lit & B
J&seash
El&Peo
L.k Sp Cor
Las Sp
C & N Sk Gol
Rys
C&nire
Cmé&c
Pa Steel
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