Markets End Mixed As Prices Sag Across Exchanges
Daily market summary shows total sales in New York and Boston with 273000 and 21315 shares respectively. Most active issues are steel common in New York and Butte & Superior in Boston, while call and time money rates edge higher. Changes highlight gains for Union Bag pref in New York and Boston Elevated, with notable losses for Wells Fargo Ex and Am. Agric. Chem. Year to date totals are provided alongside corresponding figures from the prior year.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Butte & Superior
Union Bag
Pref
Wells Fargo Ex
Boston Elevated
Am. Agri. Chem
Granger
Northern Pacific
Great Northern
Chicago & Northwestern
Supreme Court
Money Market Rates Harden as Christmas Withdrawals Rise
Money market rates yesterday showed a clear hardening amid unsettled conditions. Cash withdrawn for Christmas spending exceeds typical amounts and is slow to return to banks, though some relief comes from the West and Southwest. New York banks feel the drain as call money sits around 7 percent, with potential 5 percent calls after January 1. Time money remains scarce for short dates, with 4 to 7 percent for various maturities and commercial paper pricing reflecting solid demand from out-of-town institutions. Boston and New York clearings and balances are listed along with currency and bond figures, illustrating a tightening liquidity environment.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Gaby
Boston
Boston Sub-Treasury
Renee Ce
Reichamarks
Eeeereeee
North Carolina 40 year bonds bid at 100.59 average
Bond market notes report bids totaling 2,193,500 for 550,000 40 year 4 percent North Carolina bonds with an average accepted price of 100.59. Hartford borrows 100,000 from Phenix National Bank at 4 1/2 percent. Read & Co and Dominion Securities sold 2,000,000 series E 1 first mortgage 4 1/2 percent equipment trusts of Canadian Northern railway dated Sept 1 1912 due serially to 1922.
MENTIONED IN THIS ARTICLE
North Carolina
Hartford, Conn
Phenix National Bank
William A. Read & Co
Dominion Securities Corporation
Canadian Northern Railway
Market Uplift Pauses as Minnesota Case Decision Delayed
The New York stock market showed irregular fluctuations with a downward bias as uncertainty over the Minnesota rate case decision kept trading dull. Union Pacific rose briefly on the noon delay, then fell back, while call money spiked to 6 percent. Europe’s easing money strain reduced fears, but railway and U.S. bonds moved in narrow, uneven ranges. Baltimore & Ohio reported a near $500,000 revenue gain versus November 1911.
MENTIONED IN THIS ARTICLE
New York
Supreme Court
Minnesota
Union Pacific
Europe
Germany
London
Baltimore & Ohio
United States
Quiet pre holiday market in Boston stocks
The Local Market Boston reports a quiet day with Butte & Superior and steel issues leading activity. Amalgamated and Granby show small gains while copper stocks soften. overall prices drift downward as brokers focus on Christmas purchases, ending near the day’s lows.
MENTIONED IN THIS ARTICLE
Boston
Butte & Superior
Steel Common
Granby
Amalgamated
Boston curb market strong as Mexican Metals and Alaska Gold hit highs
Mexican Metals jumped to 37 8 and Alaska Gold rose to 13, both records on the curb market. Majestic joined the early list, advancing from 58c to 58c and closing firm at 57c on encouraging property news. Detailed fluctuations follow.
MENTIONED IN THIS ARTICLE
Alaska Gold
Majestic
Alaska
Ohio
Ely
Utah Metals
Metal Markets Close Firm with Copper Gains and Lively Prices
At the Metal Exchange the market held firm as copper rose fractionally. Prices for copper futures and spot moved higher with December and January positions showing gains. tin remained firm across spot and forward quotes. Lead and spelter held steady while antimony and iron stayed quiet in a varied metals market. London market quotes showed copper and tin up, with lead and spelter largely unchanged.
MENTIONED IN THIS ARTICLE
Eas
Thgdecaesa
Cookson
Loudon
Cotton markets drift with dull, bearish tone near holidays
The cotton market opened 5 to 12 points higher then sold off about 10 points on heavy ring-scaler offerings. Liverpool surged about 94-2 to 4 points, while near positions led by December and January remained in fair demand from spot interests. Southern offerings slack due to holidays as professional traders show bearish sentiment.
MENTIONED IN THIS ARTICLE
Liverpool
New York
James McCrea resigns from New Haven board
James McCrea resigns as Pennsylvania president effective January 1 and steps down as a New Haven director. Samuel Rea succeeds him. Frank West Rollins named by Taft to a government aerodynamical laboratories commission. Progress reports show active mining at Inspiration property, with two main shafts and underground development advancing toward full mill readiness. Arizona and Eastern Railway construction progresses from Miami property to Live Oak terminal, with grading and foundation work underway and 8000 tons of structural steel contracted to American Feldee Company.
MENTIONED IN THIS ARTICLE
James McCrea
Pennsylvania
New Haven
Samuel Rea
Frank West Rollins
E. H. Rollins & Sons
Taft
Government Commission On Aerodynamical Laboratories
Inspiration
Arizona & Eastern Railway
Miami
Live Oak
Fgdee Company
Copper dividends surge as copper prices rise in 1913
Copper mining shares held largely by Boston and New England investors pay out over 34 million dollars this year, up 28 percent from 1911, driven by higher copper prices around 16 cents per pound. Banks earn more on invested capital as money rates rise, while a statewide stock exchange reform bill seeks mandatory incorporation for exchanges and brokers.
MENTIONED IN THIS ARTICLE
Boston
New England
Stock Exchange
Massachusetts
Massachusetts House of Representatives
D. G C. Jackling
D. C. Jackling
Grain Markets Show Mixed North West Receipts Strength
Grain markets opened with little life as Northwest receipts rose and weekly primary receipts exceeded last year by 5 percent and beat the prior week by nearly a million. Short covering nudged futures higher with May leading to about 1 percent gain from the week’s low to 92. December closed slightly higher, July up, while corn moved modestly with December futures up around 4 to 4 1/2 percent. Oats weakened and wheat trended lower on weak cables and expectations of further declines.
Dividends Declared by Major U S Corporations
A list of declared dividends including Amoskeag Mfg Co regular semi annual 2.25 on preferred and 0.75 on common payable Jan 2 to record Dec 24. Arlington Mills 4 per cent semi annual payable Jan 1 to Dec 23 record. American Seeding Machine Co quarterly 1 per cent common and 1.5 per cent preferred payable Jan 15 to Dec 31 record. Carthage Watertown Sackett R R Co semi annual 2.5 per cent payable Dec 31 to Dec 24 record. Dwight Mfg Co semi annual 3 per cent payable Jan 1 to Dec 21 record. Cleveland Stock Yards Co quarterly 2 per cent and 3 per cent extra payable Jan 1. Washington Baltimore Annapolis Electric R A Co 4.5 per cent preferred payable Dec 31 to Dec 24 record. Virginia Caro Chemical Co quarterly 2 per cent payable Jan 1. Books close Dec 31 reopen Jan 16.
MENTIONED IN THIS ARTICLE
Amoskeag Mfg. Co
Arlington Mills
American Seeding Machine Co
Washington, Baltimore & Annapolis Electric R. A. Co
Virginia-Carolina Chemical Co
Dividend Schedule for Today Across Major Firms
Calendar lists dividends payable and close/open dates for multiple firms including Crucible Steel preferred at 138-4, Boston & Worcester Electric, International Harvester, Northern Securities, United Fruit, Reading, Torrington, Yukon Gold, and Chicago City Railway among others. Notes ex-dividend dates and per cent yields. lodging dates for books close and open.
MENTIONED IN THIS ARTICLE
Crucible Steel
Silver Mining Coalition
Boston & Worcester Elec
Torrington Co
United Fruit
Welsbach Co
125000 Eggs Sold By Boston Women
The executive committee of the Women's Homestead League praised the egg price drop caused by the Housekeepers' League crusade. Over 125,000 eggs were sold yesterday through new suburban stations, with Cambridge Malden Brookline Dorchester and Melrose among buyers. Eggs were stamped with a star to guarantee freshness as demand grew and stations sometimes halted sales due to limited supply.
MENTIONED IN THIS ARTICLE
Women’s Homestead League
Boston
Housekeepers’ League
Cambridge
Malden
Brookline
Dorchester
Melrose
Ida M. Hebbard
Huntington Avenue
Homestead Association
Boylston Street
Egg Trust
Cassidy
Philadelphia
Wiley
New England
Woman's Homestead Association
United States
Chicago
New York
Providence
Ida Hebbard
League
Fitzgerald
Women's Homestead Association
South End
Also Mentioned on This Page
Massachusetts Savings Banks
Portland Terminal Co
The
Maine Central Railroad
WM. A. Read & CO
Congress Street
Pope Mfg. Co
Common & Preferred
Richardson, Hill & CO
Money Markets
United Light & Railways Co
Moors & Cabot
Devonshire St
Mass
Carl H. Pforzheimer
Copper Range Consolidated Company
Frederic Stanwood
Contoocook Mills Corporation
William P. Bailey
L& Pf
Smelt & R
Smelt & R Pf
T& SF Pf
Atl C Line
Ealt Ohio Setoere
Beth Steelenee
Bklyn RT
Cal Pet Corp
Cal Pet Corp Pf
Cm&s
Deere & Co Pf
den RG Pf
Dl& W Seen
Erie
LE d & W Pf
Lehigh Valley
Nat Lead Pf
Nevada
Nynh&h
Nor Pacific
Pacific Mail
Pac T& Eneeee
Enn Ee
Pitts Coal
Ray Consessaee
Rock Island
Rumeley Co
St L& SF
Seaboard
South Pacific
Texas Pacific
Texas Co
Acific
UN Pac Pfeteeee
Ubcip&É P
Utah
West
Maryland
Wells-Fargo
Boston Stocks
Ill Steel
KC Fs& M
Aliouez
Tel & Tel
Arizona
Bos & Albany
Boston & Corbin
Butte Ballak
Cal & Arizona
Chino Eee Eee Ae
Daly West
East Boston
East Butte Seeee
Edison Elec
Franklin
Giroux Ly
Greene Can
Indiana
Isle Royale
Kerr Lake
Lake Copper
la Salle
Mason Valley
New Eng
Nipissing
North Butte
North Lake
Old Colony
Ae Cid Dominion
Pond Ork Coal
Pullman Co
Uinc Hee Ew Ene
Ay ‘Onsolere Ee
Torrington Pf
United Fruit Jane Oe
Trinity
United Shoe
UN Shoe
U S
U S Smelt
U S Steel Cece
S Steel Pf
Wees
Utah Consol
Utah Cop Co
West End
Wolverine
PL Co Market
Am Cement
Am Rys
CT of
H& BT
Ic&n
Do Tr c
Leh Valley
Penn Steel
Do P
Ask. Phila Co
M&e
Wels Co
el Paso
Giroux
New Hills
Cig
West Pac
High Point
Low Point
U. S
Eeeee
Ee Aeeere
Metal Markets
Everlode
State Street
State Tax Department
Long Island
New York Stock Exchange
Reading Company
Pennsylvania Railroad
Reading
Lim&s
San A&a P
Bea
I&p
Cri&p
Nor Southern
Pacific
Erie Pa
Phila Co
Saeco
Armour& Co
A & SF
Atl C
Ant & O
R T
Balt & O
Balt & O Pitts L
Heute
E & W Va
Navigata
Bale&o
Seeee Beth Steel
Kentky
Cal ‘Gas & Elec
Lake
Cvt
Liggett & Ma
DO Ns
Ches&o
Gnl O Mob & Ohio
Union Pac
Union Pace
L& C
C&nwn
West Maryland
West Union
West Shore
Eee
Eanre
Eer
Dee Veneees
Jan Eeennere
Creeeens Oes
Jan Eeenner
Minneapolis
Detroit
Chicago Market
Ask
Ask Am Ship
Booth
Hs&m
C & Dock
T&t
Swift&Co
Armour
Edison
Lilli
Poly
Chicago City Railway
Chicago Railways
Morris
Ogden Gas
South Side
Yukon Gold
Mtg
Chicago City
Superior & Pittsburg
Pacific Coast Power Co
Puget Sound Traction Light & Power Co
N. W. Harris & Co
Federal Street
Dr. Wiley
Vermont
Tinker
Quincy Market Storage Company
Boston Elevated Railway Company
Boston Post
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