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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 01, 1912
Page
17
Boyer Griswold and Co are listed as bankers and New York Stock Exchange members. The firm also holds memberships in the New York Cotton Exchange.
Total sales show New York 920000 shares and Boston 47033 shares with Steel common the most active in both markets. Year to date totals highlight New York 10573500 and Boston 1232840 shares, contrasting with last year’s figures of 11258100 and 588849. Major gains include Lake Erie & West pref and Granby Mining, while declines target Del., Lack, & West and Calumet & Hecla. Call money sits at 2 1 8 percent in New York and 2 1 2 percent in Boston with time money at 2 1 2 to 4 percent and 3 to 4 1 4 percent respectively.
The market ended sharply lower led by Steel and Union Pacific amid foreign liquidations and caution over the government suit. Reading fell late as the broad downturn spread through rail stocks. Steel and Union Pacific faced renewed weakness despite prior strength.
The report notes firming in Isle Royale and Lake copper shares with Mayflower and Old Colony showing distribution. It cites rumors of a new deal involving Lake properties under John D. Ryan and Calumet & Hecla’s merger plans. Local money rates and New York clearings are listed.
The Boston Stock Exchange committee lists 1,000,000 Inspiration Copper and 93,760 Live Oak Development shares struck from the quota. United Copper may clear its debt with Stewart Mining sale of 110,000 shares, buyers holding an option on 200,000 more. Gey and Sturgis analyze Franklin property prospects. Tuolumne dividend to be passed with payments through July. Yesterday’s auction gains include Webster & Atlas National Bank and Cambridge Electric Securities Co. among others. Edmond A. Fordyce visits Lion Hill Consolidated for new openings review.
The United Verde Extension shares moved wildly from 64 cents to 38, later recovering to 42 as traders weighed a reported hitch in a pending financial arrangement. Rhode Island Coal Humbleidt Smelters and Davis Daly also featured amid ongoing price swings.
The document lists a set of officers and managers across departments in Chicago and San Francisco. Names include A. W. Damon president, W. J. Mackay secretary, Prioleau Ellis assistant secretary, F. H. Williams treasurer in the Western Department, Harding and Dean managers, J. C. Harding, W. H. Lininger assistant managers, E. G. Carlisle second assistant manager, and George W. Dornin manager with John C. Dornin as assistant manager for the Pacific Coast Department.
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