Market Drags as Trading Slows Amid Steel Woes
Trading in stocks opens with a heavy drag as New York and Boston totals show large blocks and muted gains. Steel issues top activity in both cities while forecasts hint at steel price cuts and continued stagnation into February.
Boston curb market dips and minor rebounds in trading
Prices across the Boston curb list showed a reactionary day with Ely declined from 9.78 to 0.78 dollars, Rhode Island Coal slipping to 0.06, Ely Consolidated down to 0.04, Raven easing to 0.42, and Inspiration breaking 0.09. Amalgamated Nevada paid its first assessment at 0.10 to 0.11 while Mackinaw recovered a previous four cent drop.
MENTIONED IN THIS ARTICLE
Boston Ely
Rhode Island
Ely Consolidated
Raven
China
Amalgamated Nevada
Mackinaw
Market Summary From The Boston Market
The Boston Market reports the day’s stock and bond price movements along with total sales and a comparison to the previous close. Prices fluctuated as traders reacted to early and late session activity.
MENTIONED IN THIS ARTICLE
Boston
Auburn Seeks Bids for 10 Year Bond Issue
Auburn Maine invites bids by noon December 27 for a 24 thousand dollar 10 year bond issue. The sale aims to fund municipal needs and set project financing terms.
MENTIONED IN THIS ARTICLE
Auburn
Calendar for Today Meeting Ann Arbor R R Books Close
Ann Arbor calendar items show meeting notices and freight pass requests. References include railroad companies and stock ex-dividend notes.
Dividends Declared by Multiple Companies This Quarter
A list of upcoming dividend declarations includes Osceola Mining semi annual 4 payable Jan 26. State Street Trust quarterly 2 payable Jan 2. Massachusetts Breweries extra 1 payable Jan 14. Dorchester Trust semi annual 8 payable Dec 15. Mattapan Trust semi annual 8 payable Jan 2. Walpole Rubber common quarterly 1 payable Jan 15. Walpole Rubber preferred quarterly 1 1/4 payable Jan 15. Chicago City Railway quarterly 2 1/4 payable Dec 80. Tonopah Mining quarterly 25 payable Jan 21. Tonopah Mining extra 15 payable Jan 21. Alabama Great Southern common 2 1/4 payable Dec 30. Alabama Great Southern preferred semi annual 8 payable Feb 25. Providence Gas quarterly 1 payable Jan 2. Shelby trey 2 payable Jan 10. Irving Machine preferred semi annual 4 payable Jan 8. Cincinnati & Hamilton Traction common quarterly 1 1/2 payable Jan 2. Cincinnati & Hamilton Traction preferred quarterly 1 4 payable Jan 2. Sao Paulo Tramway quarterly 2 payable Jan 2. Philadelphia Company common quarterly 1 1/8 payable Feb 1. De Long Hook & Eye quarterly 2 payable Jan 8. N J Consolidated Gas 1 payable Jan 16. Virginia Railway & Power preferred semi annual 2 4 payable Jan 5. Columbus Electric preferred semi-annual 3 payable Jan 8.
MENTIONED IN THIS ARTICLE
Ohio
Beth Steel
Brooklyn RT
Can Pacific
Ches Chiro
Chic & N W
Inter Met
Town Central
Lehigh Valley
Manhattan
Minn & ST
SP & S&mll
Nevada
Charles A. Stoneham & Co
Yché&Sl
State Street
Boston
Nyo&w
Nor & West
Nor Pac
Colorado
Phila Co
Columbus
Crown Point O* Too Press
BMG
Grand Central Weeee Sd
Lower Mammoth
Mason Valley
Nevada Hills
South Pacific
The
Texas Co
Sioux Conserence Tener
Gulf
Third Ave P Meldody
Sam Snare
Ann Tol & L & W Oon
T'nion Pacific
Oor
Boston & Albany
Utah
Bs NH
West End
Wells Fargo
West Marrland
Me Dee. Tee
Arma Com
Westinghouse Htig Fie
Franklin T
Greene Cananea
Michigan
Bhs Sly Bhp
Nipissing
North Butte
Quincy
Superior
Trinity
St Victoria
Wolverine
Cumberland Tel
Pullman Co
Osceola
State Street ‘Trust
Massachusetts Breweries
Dorchester ‘Trust
Mattapan Trust
Walpole Rubber
Chicago City Railway
Tonopah
Alabama Great Southern
Providence Gas
Shelby Trey
Cincinnati & Hamilton Traction
Sao Paulo Tramway
Hiladelphia Company
de Long Hook & Eye
N. J. Consolidated Gas
Virginia Railway & Power
Columbus Electric
Local Market Sees Narrow Trading As Copper Merger Talk Rises
Traders faced a slow day with 14,377 shares changing hands, well below recent totals. Rumors of a Lake properties merger and a possible new holding company under another state’s laws spurred talk of consolidating Calumet & Hecla assets to cut costs and boost copper operations. European visible copper supply fell 1,291 tons from the prior half, totaling 84,959 tons for December’s first half, about 20 percent below a year ago.
MENTIONED IN THIS ARTICLE
Lake Properties
Michigan
Lake Copper
Calumet & Hecla
Osceola Consolidated declares dividend amid disbursements
The Osceola Consolidated announces a $4 dividend as total disbursements reach $9,387,250. A $396,600 distribution is planned with Calumet & Hecla receiving $131,124. The Tomboy No 2 shaft at Arizona Mines reports ore assays of 14 percent copper and $18 per ton in gold, valuing ore at $64.40 per ton. Fidelity Trust opens new rooms in Monument Square Monday.
MENTIONED IN THIS ARTICLE
Osceola Consolidated
Calumet & Hecla
Arizona Mines Company
Fidelity Trust Company
Portland
Monument Square
Trade Review Signals Cautious Retail Briskness This Season
R G Dun weekly trade review notes brisk retail holiday trade but cautious wholesale buying. Distributors hold light stocks, reducing speculative purchases and hinting at near term demand expansion. Dry goods retail active. jobbing quiet. cotton goods and yarns subdued. leather trade dull. failures rise to 283 in the US and 31 in Canada.
MENTIONED IN THIS ARTICLE
New York
R. G. Dun & Co
United States
Canada
Bradstreet's State of Trade Signals Mixed Activity
Bradstreet's report notes increased retail activity but slower wholesale and jobber activity, with a general slowdown in industrial lines and easier money due to weaker demand. Manufacturing trends toward quiet, iron and steel curtailed, cotton goods likely, and logging preparations up. Copper soft, stocks light, and holiday quiet dominates late-year markets.Canada shows quiet wholesale trade in the East and active trade in the West as holidays boost demand.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
Europe
United States
Canada
Telegraph
Norfolk & Portsmouth Traction Company declares quarterly dividend
At a December meeting in Philadelphia the Norfolk and Portsmouth Traction Company announced a quarterly dividend of 1 1/4 percent payable January 10 to stock on record December 28. The firm plans 3 900 000 dollars in new preferred stock. 2 800 000 subscribed by stockholders under a Chandler Brothers plan. About 1 700 900 dollars paid in to treasury. no increase in total capitalization. convertible notes retired except 43 000 dollars due March 1 1911. The plan leaves the company free of floating debt with roughly 400 000 dollars available for corporate purposes. The 2 900 900 dollars common stock is listed on the Philadelphia Stock Exchange. 2 100 000 dollars of preferred listed as of December 5, 1910, with the remainder to be listed as paid for.
MENTIONED IN THIS ARTICLE
Norfolk & Portsmouth Traction Co
Philadelphia
Chandler Brothers & Co
Middendorf, Williams & Co
Baltimore
Philadelphia Stock Exchange
Also Mentioned on This Page
Steel Common
Am. Snuff
Chi. N. W. Prd
General Electric
William E. Soule
Reading
Union Pacific
Pittsburg
United States Steel Corporation
Southern Bell Telephone Company
Kidder, Peabody & Co
Barre
Algomah
CAS
Am Ag
Aetdee
Corbin Ib
Con Butte Ballak
Fast Butte
An Soo Giroux Pees
Myan Hancock
Indiana
Island Creek
Miami
Super & Pitts
Swift & Co
Apex Estteen
NEW York Bonds
Milk Street
Seeree
Ariz Mines
Gon Bary
Boston Ely Racers
Doris Daly
Annaly Consol Hee Ee
Fon
Vo Goldfield Consol
Im Humboldt
Inspiration Seer
Inter Rotary
Laramie
la Rose
Live Oak
Majestic Aba
Mass Breweries
Agan
Mass Coal
Mazatan
Mollie Gibson
Natl Xploc
AO Ney Douglas
Foo Ohie
Raven Sess
South Lake
Estes
Yukon
Allis Chalmers Sp
Hide & Leather
Ag Chem Sa Sa Pew
Albany & Sus &Igs
T & T Cony
Do Call Trust
Anis
Tobacco
Sosg
Armour
Atlantic & Airm
N Coli
Henriye
Asly PS
Bethlehem Steel 3A
Do 2d Inc
Fiat
Ohes & Ohio
C&a
M & St
S& P
Col Fuel & Iron Sa
Col Midland
den & RG
Det
Detroit Edison
Fat m Flint & Pere
Interhor
Interna & Gt
Kcfs&m
King’s Co el
Lake Shore
Sewe Ewer Tees Ark
Long Island Oni
Lonis & Nash
Met
St Rr
Stman
Mo Kan & Tex Ist
Minn & St Lonia
Mo Pac
C&st
NYG
FL A&p
Oregon R R & N
Oregon
Flo
Pac T & T Ss Dog
Pennsylvania
Rlo Grelt
Sat
Sou
SA & A
Sues Ae SA
Tex Pac
SL & W
ST Union Pac
R&i Ss
U S
Wal
Pitts
Bay State
Columa
Arizona
Davis Daly
Inspiration Giroux
SEARS
McKinley Dar
Neo Miami Copper
Mines Co of
Ohio Copper
Ray Central
Salt Lake
Ann Arbor
R. R
Chi. & E. Ml. Com
Republic I. & S. Pfd
Financial & Investment
Protec
ABC
Sout Building
Putnam Street
Manchester, N
Humboldt
Humboldt Smelter
Richard J. Burton & Co
Congress St
American Zinc, Lead & Smelting Co
American Zinc, Lead and Smelting Company
B Farwell
Rogers Unika
Boston-Idaho
James Shay & Co
State St
W. H. Truesdale
Delaware, Lackawanna & Western Railroad
Buffalo & Susquehanna Railroad
Buffalo & Susquehanna Railway Company
Buffalo & Susquehanna
Chesapeake & Ohio Railway Company
Chicago
Dun
Sallie
Jollity
HO Lil
Mat
Tonight
Charles Frohman
Francis Wilson
New England
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W. W. Andreeff
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Tom Walker
MARS
Mason, Keeler & CO
Dooley and Sales
Ellis Nowlin
Chick Sale
Steve White
Barnes and Robinson
Kremkn _ Sisters
Overture
Braham
LE ‘Shubert Theatre
Robert Forbes
Reno
QNPAY
Jos
M. Gaites
Karl Hoschna
Pright Eves
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Old Town
Sidney
Icastle Sq
Te Tremont
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Ife
Down Town
Winter St
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Death Valley
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Orpheum Theatre
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Washington ST
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Ginger Girls
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Q. Thumb & Co
Rang P Theatre Cor Ee
New Haven
Providence
Saunders
Taylor
Lewie Bone
Loxen
McGilvray Fahey
Hardy Gardner
Saunders Sutherland
Mullen
Provident
Hite
Et Sons
Selena Ey
Allen
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Timer-Perrin
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Lmnendorf
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Y. M. Co. Union
Boylston Street
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IBOS
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Washington & Court Sts
O.m.burt
G.P.A
IIN
BEC
Met PE Linefank New Manas Seana
Tan
Advice Ticket Office
Washington
Ane
Norfolk & Portsmouth Traction Company
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Gay
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Mason & Hamlin
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Christie MacDonald
Mats
Andel Days
New England City
Boston Arena
St. Botolph St
Mass. Ave
Harvard
Amherst College
Crawford House
Scollay Square