Trading Opinion Still Bearish Across Markets
Total sales in New York 536 900 shares and Boston 28 520. Reading leads New York most active 185 500 shares. Boston most active steel common 5841. Jan 1 1912 to date New York 12 004 000 shares. Boston 1 307 857. Last year New York 12 616 700. Boston 691 249. Notable gains Lorillard Co 478 to 180 in New York. American Express down 10 to 200. Calumet & Hecla up 5 to 410 in Boston. Boston Elevated down 2 to 132 ex div. Calf money 2 percent in New York. time money 2 1 2 to 3 1 2 percent New York 2 1 2 to 4 1 4 percent Boston.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Steel Common
Financial market mood and corporate governance talk in brief
Yesterday prices held the recovery with minor gains and a bearish trading tone. Large houses urged cautious buying on reactions as market leaders Reading and New York Central showed resistance. News on government suits against steel firms and sugar interests suggested political timing, while calls for an industrial commission and federal incorporation of trusts gained traction. President Foster of Mutual National Bank took a six week Mediterranean and England vacation. Gay & Sturgis released a 20 by 24 inch blue print map of the Quincy and Franklin copper districts covering six square miles.
MENTIONED IN THIS ARTICLE
Reading
New York Central
Steel Corporation
American Sugar and
International Harvester
Interstate Commerce Commission
Taft
Money Trust
C. H. W. Foster
The
Mutual National Bank
Mediterranean Countries
England
Gay & Sturgis
Quincy and
Franklin
Local Market Shows Light Volume Amid Swings in Steel North Butte
Shares traded total 28 520 with Steel common leading at 6 841 and North Butte at 3 311. Dealers covered positions over weekend causing a price upswing and slight retreat. a North Butte rumor of a share swap with Anaconda circulated but did not move prices. Old concerns focus on Mayflower Old Colony Isle Royale Superior Centennial Wolverine mergers amid speculative smoke.
MENTIONED IN THIS ARTICLE
Steel Common
North Butte
New York
Mayflower
Old Colony
Isle Royale
Superior
Centennial
Wolverine
Boston Market Notes From January Share Estimates
Frank J. Southern Co estimates January Boston curb sales at 994,003 shares. Rhode Island Coal Bay State Gas First National Ohio Copper Nevada Utah and Davis Daly among active issues. Ohio Copper earned $30,000 net for December. Costs in November were under nine cents a pound.
MENTIONED IN THIS ARTICLE
Frank J. Southern& Co
Boston
Rhode Island Coal
Bay State Gas
First National
Ohio
Copper
Nevada
Utah
Davis Daly
Ohilo
Temporary and convertible bond issues and rights offering
Lowell awards a temporary loan of 200000 to F S Moseley at 2.88 percent discount plus premium. Inspiration Consolidated Copper offers 6 percent convertible bonds at par to stockholders of record Feb 1 1912 with 696000 shares outstanding. Rights grant one bond per 68 shares with two warrants for subscription and fractional rights based on 8621 per bond value. Newport R I invites bids by Feb 6 at 5 pm for a 50000 temporary loan due Sept 5.
MENTIONED IN THIS ARTICLE
Lowell
Mass
F.S. Moseley & Co
Inspiration Consolidated Copper Company
New York Bonds and Market Chaos in Rhode Island Coal Trades
Rhode Island Coal led by volume with 9885 shares as stockholders balk at reorganizing the company. Prices rose from 20 to 26 cents on heavy selling pressure and a few buyers. Butte Central and Porcupine groups showed fractional gains amid overall volatility. List details each issuer's fluctuations.
MENTIONED IN THIS ARTICLE
Rhode Island Coal
Butte Central
Street
New York
Ea Wert
Toronto
Ainle
Great Northern
Hollinger
Preston Rea Mines
Eeeevecaress Te
Trade and finance notes from early 1912 markets
Distributors face regulatory pressure while retail remains steady on clearance sales. Steel mill activity increases amid firm commodity prices though butter eases. Bank clearings for the week to Feb 1 total 3.167 billion, down 5.2 percent from 1911. Business failures reach 312 for the week, up from earlier years. Wheat exports to Feb 1 total 3,157,469 bushels, higher than last year. Canada’s trade improves with rising orders. Montreal reports stronger wholesale dry goods bookings for spring.
MENTIONED IN THIS ARTICLE
United States
Canada
Telegraph
Bradstreet’s
Montreal
Money Market Cited as Key to Business Outlook
R G Dun Weekly Review notes surplus funds in New York create the world's cheapest money market and shape the overall business conditions. The report suggests liquidity drives investment and trade dynamics for the coming period.
MENTIONED IN THIS ARTICLE
New York
R. G. Dun & Co
Weekly Review of Trade
Credit Dominates Trade Outlook Amid Global Loans
The text notes high international loans totaling at least 150 million dollars, boosting the United States to a strong creditor position. Domestic dry goods demand remains fair but below anticipated scales, with cotton goods and prints selling steadily outside China. The Lawrence strike disrupts woolen deliveries, yet kerseys meltons and worsteds move well, yarns firm, silks moderate, and New England shoe orders solid with contracts extending weeks. Overall business shows some improvement as buyers stay near current needs.
MENTIONED IN THIS ARTICLE
China
Lawrence
New England
Burton Holmes Lifts Audience With Trans Andean Trip
Burton Holmes gave a Tremont Temple lecture last night showing a Buenos Aires to Chile journey. The travelogue featured Mendoza, the Andes ascent, Valparaiso, Buenos Aires, and scenes from Argentina and Paraguay with motion pictures depicting snowy peaks and tropical heat.
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Tremont Temple
Burton
Holmes
Buenos ‘Ayres
Andes
Chili
Prairies
Mendoza
Christ
Chile
Argentina
Valparaiso
Buenos Ayres
Paraguay
Tropics
Bradstreet's Review Finds General Business Expands
Bradstreet's State of Trade reports that trade and industry do not move with high anticipation yet show general expansion after a quiet January. The record notes steady if modest gains and cautious stocking as a stable tone returns to the market.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
Novel Scenes Described At Evening Lecture
Spectators enjoyed fresh scenes and vivid descriptions. the lecture will be repeated this afternoon at 9 00.
Boston church to receive $5000 under Ellis will
First Church of Boston will receive $5000 from the will and codicil of Miss Gertrude S. Ellis of Brookline, filed in Norfolk Probate Court. The income is to be used for preservation and care of the building or to help keep it open on weekdays as a free church for public entry and seating.
MENTIONED IN THIS ARTICLE
Church OF
Boston
Dedham
Gertrude
Hairpin incident hints at complexion advice
The maid Mrs Pester has swallowed a hairpin. Mr Peter suggests someone advised hairpins for the complexion, implying a misguided beauty tip or superstition behind the act.
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