Poor Railroad Earnings Spark Market Reaction Yesterday
Market movers show poor railroad earnings unsettled investors with mixed gains and losses in New York and Boston. Trading data highlights include Mercantile Marine in New York and Edison Electric in Boston posting gains, while Sears Roebuck and Calumet & Hecla show declines as call and time money rates shift.
MENTIONED IN THIS ARTICLE
Boston
New York
Steel Common
Butte Coalition
Mercantile Marine Ptd
Sears Roebuck
Edison Electric
Calumet & Hecla
Weak Prices Trigger Broad Stock Selloff Across Key Issues
Prices turned weak yesterday with rising activity on the decline. Union Pacific Southern Pacific Reading Lehigh Valley Steel Amalgamated show varied movements as dividend expectations and director meetings influence trading. Bears resist dividend costs while investors await Congress actions and anti trust suits.
MENTIONED IN THIS ARTICLE
Union Pacific
Southern Pacific
Reading
Lehigh Valley
Steel and Amalgamated
New York
Lehigh
Congress
Local Market Shows Strength Then Profit Taking in Copper Shares
Early dealings in local stocks displayed broad strength with many copper issues active. Profit taking later drove a broad decline across Amalgamated, Allouez, Copper Range, Calumet & Arizona, Granby, Osceola, Utah Copper, Tamarack and other heavily traded issues, with Steel common falling from 68.18 to 66.34 as most of the industrial list moved mildly. Money rates and foreign exchange figures followed the session with short dates at 4.4 percent and six months at 4.4 6 5 percent.
MENTIONED IN THIS ARTICLE
T&t
Mergenthaler
Pullman Co
Reece
Seattle
Elec
Swift & Oo
Torrington Pf
United Fruit Eeee
Do Pf Iaeeeewese
Am Zinc Eeeveseser
Ariz Com . Eeenee
Butte Ballakeenes
la Chine
Mason Valley
Miami
Allouez
Copper Range
Calumet & Arizona
Granby
Osceola
Utah
Stock tips from J Thomas Reinhardt on curb exchange
A broker advertises low priced mining stocks on the Boston and New York Curb. He invites speculation and offers execution facilities and up to date information on market developments. Address: J Thomas Reinhardt 54 Devonshire St Boston.
MENTIONED IN THIS ARTICLE
Boston
New York
J. Thomas Reinhardt
Boston Curb Exchange
Devonshire St
J Thomas Reinhardt
Devonshire Street
Broad Street
New Street
York
King Toronto
American Goldfield
Apex
Wwe
Foley O’brien A
Directors Levy 50 Cent Share Assessment at Boston Ely
Boston Ely Company directors levy a 50 cent per share assessment due Jan 18 totaling 87500 dollars. After payment, stock stands at 4.50 per share on a par value of 10 dollars. Arthur Bancroft elected assistant treasurer of American Trust Company. Lester N. Godfrey named director of the Eastern Tale Company. The company declares a 1.5 percent initial quarterly dividend on common stock.
MENTIONED IN THIS ARTICLE
Copper Range Consolidated Company
Frederic Stanwood
Boston
Union Seal J Nes Shay & Co
State St
Boston Ely Company
Arthur Bancroft
American Trust Company
Lester N. Godfrey
Eastern Tale Company
Boston curb market steady with Rhode Island Coal leads
Rhode Island Coal dominated activity at the Boston curb market with prices ranging from 50c to 85c and closing at the top level. The softer issue aided demand for others such as Corbin Copper Boston Ely Calaveras and First National as detailed fluctuations are listed.
MENTIONED IN THIS ARTICLE
Rhode Island Coal
Corbin Copper
Boston Ely
Calaveras
First National
Rail bond activity and notes issuance in early 1910s markets
The Fitchburg Railroad awarded 1.2 million dollars of 4 1/2 percent currency bonds to William A Read & Co at 102 89. Yes Merrill Oldham & Co bought 200 thousand Portland Oregon municipal jail 4 percent bonds at 94 54. Western Maryland Railway authorized secured notes totaling 10 million dollars, with 8 million sold, dated Jan 1 1912 and due July 1 1915 at 5 percent interest. Hayden Stone bond dept expected occupancy by year end.
MENTIONED IN THIS ARTICLE
Adams Ex Conseeenee
Allis Chalmig
Hide & Leath
TUL
Alm Ag Ch
TOY OL al Smelters
Tel & Tel
Atl
Knox & N
C Line
Do L & N Coll
Balt & Ohio Pr
Beth Steel
Seeee
Bklyo R T
Ches & Ohio
Bar & Qy
Denver
Chic & East Ill
Chic & Gt West Eesee Oh
Cin
Wab & M
Chic & Northwym
Chic R I & P Gen
VOY
Chino Copper Co
Coc&s&tlgm
Colorado Indis
TOM
Gen Motors
Ill Cent Fund Serenee Vou
Interbor
Inter Met
Legg & Myers
Eerseres
Lake Shore
Wy, O
Eapeeeree Aeesene
LI Ferry N Eevee Ee
Lou
Jeff Edge
Louis & Nash
Seeee O i. A
St Ry
ME & T
Nyché&S Ry Trans
Gs Y& NH
Long Bros
NYS & W
Pacist Creee
Penn
Pub Ser Corp
LIM &Sukt
Seaboard
Sou Pac Cen Pac Co
Third Ave
el Ry of
London Inc
Hay ST
Maryland
Western UN
Westingh’e el & Mfg
Preveras
City
Canal New
Fitchburg Railroad Company
William A. Read & Co
Hayden, Stone & Co
Merrill, Oldham & Co
Portland, Ore
Western Maryland Railway Company
New York Curb Stocks Report
Summary of New York curb stock quotations showing list of issues with opening highs lows and trade volumes. Notable entries include Amer Tobacco Butte Coal British Columbia First Nat and Cons Arizeeenens with varying prices and small trading activity.
MENTIONED IN THIS ARTICLE
Amer Tobacco
Butte Coal
Giroux
Dividends Declared by Major Firms This Quarter
Norfolk & Western Railway declares 1 percent preferred dividend with stock of record January 31 and payment February 19. Bell Telephone of Pennsylvania sets 1.5 percent dividend with record January 5 and payment January 15. Eastern Tale Company issues 1.2 percent common dividend with record January 11 and payment January 30. Wells Fargo Express declares 5 percent semi annual dividend with record January 15. Books close January 4 and reopen January 16. United States Light and Heating Company also listed.
MENTIONED IN THIS ARTICLE
Norfolk & Western Railway Company
Bell Telephone Company of Pennsylvania
Eastern Tale Company
Wells Fargo Express Company
United States Light & Heating
Exchangeable stock and dividend dates list
A dense financial notice lists quarterly and semi annual dividends with percentage rates and record dates for multiple firms including Delaware, Lackawanna & Western, Globe Wernicke Company, Boston Suburban Electric, Chelsea Trust, Bay State Street Railway, Central Aguirre Sugar, Mechanics Mills, Distillers' Securities, Distilling Company of America, Pittsburg Coal, United Dry Goods, and Associated Merchants. It notes closing and reopening of books on specified dates and notes first and second preferred and common stock classes where applicable.
MENTIONED IN THIS ARTICLE
Pany
Delaware
Lackawanna & Western
Globe Wernicke Company
Boston Suburban Electric Companies
Chelsea Trust Company
Bay State Street Railway Company
Central Aguirre Sugar Company
Mechanics Mills
Distillers’ Securities Corporation
Distilling Company of America
Pittsburg Coal Company
United Dry Goods Company
Associated Merchants Company
Calendar for today dividends payable
Dividends payable come Monday the 15th at 8 percent for Chicago Indianapolis and Louisville with preferred at 2 percent. Jersey Central also at 2 percent. Ex dividend on Big Four preferred. Canada Southern Take Shore and Michigan SouthernMichigan Central.
MENTIONED IN THIS ARTICLE
Chicago
Indianapolis
Louisville
Jersey Central
Big Four
Canada Southern
Take Shore
Michigan Southern
Michigan Central
Rice Estate Valued at 2 600 000 Dollar Wealth
Nehemiah W. Rice, Boston wool and leather merchant, left an estate estimated at 2 600 000 dollars. Of this, 300 000 was real estate and the rest personal property. The will was allowed yesterday and the vast property passes to his wife and his son and daughter.
MENTIONED IN THIS ARTICLE
Nehemiah W. Rice
Boston
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Massachusetts
Connecticut
Wm. A. Read & Co
Congress Street
London
Victoria
Wolverine
TELES
Are Isi
Eeee
William E. Soule
Cccsesserececeese
Ccs Cccscress
Severcees
Porcupine Consolidated
F. Emerson
Porcupine, Ont
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Reichsmarks Eeereeaeeereereenese
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aCaes
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Wed
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Transcript
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