Massachusetts blue sky law editor's note preview
A weekly Massachusetts financial column discusses regulation of securities sales. Bankers and the state commissioner clash over whether to certify securities or dealers, favoring a dealer-certification model to curb fraud while maintaining swift commerce. The piece weighs three blue sky law approaches and argues for uniform, practical rules to minimize fraudulent offerings.
MENTIONED IN THIS ARTICLE
Trefry
Kansas
Dolley
Wall Street Mixed As Balkan War Fears Ripple Markets
Irregular trading prevails with no clear trend as uncertainty from Balkans hostilities and a looming Harris dissolut ion plan weigh on stocks. Steel and coal shares hold up at times while Southern Pacific and Can show pressure amid back dividend and dissolution watch. Bond activity remains irregular with $2,250,000 par value in sales.
MENTIONED IN THIS ARTICLE
New York
Balkans
London
Harriman
Dividend Notice Tampa Electric Company No. 33
A quarterly dividend of 2.50 per share is declared on the capital stock of Tampa Electric Company. It is payable February 15, 1913, to stockholders of record at the close of business February 1, 1913. Webster, Transfer Agents.
MENTIONED IN THIS ARTICLE
Tampa Electric Company
Tampa, Florida
Tampalectric Company
American Radiator Company
Sail from Boston but First See New England
The New England Railroad Lines folder bearing the phrase Sail from Boston, But First See New England has been ordered distributed along the Pacific coast, extending its reach beyond its home region.
MENTIONED IN THIS ARTICLE
Boston
New England Railroad Lines
New England
Pacific Coast
Traders Evidence Hesitant Altitude Points in Yesterday's Markets
Total sales in New York 251,600 shares and Boston 28,037 shares. American Can led in New York with 35,300 shares while Shoe Machinery topped Boston with 4,940 shares. For Jan 1 1913 to date New York 9,306,100 shares and Boston 707,998 shares, versus last year’s 12,193,900 and 1,325,804 shares. Notable gains: Del., Lack, & West in New York 50 percent. Hedley Gold in Boston up 2 to 30. Notable losses: Cuban American Sugar in New York 12 to 80. Calumet & Hecla in Boston 3 to 495. Call money: New York 2.5 to 2.75 percent. Boston 3 to 3.5 percent. Time money: New York 3.5 to 4.25 percent. Boston 4 to 5 percent.
MENTIONED IN THIS ARTICLE
New York
Boston
Del
Lack
West
Cuban Am
Sugar Prof
Hedley Gold
Calumet & Hecla
North Lake
Old Colony
Old Dominion
Pond Ork
Pullman Co
Shannon
Eee
Shattuck-Aris
Sup & Boseeneee
Swift & Co
Torrington
Torrington Pf
Trinity Sneer Ewes
Tuolumne Seeeee
Utah Consol
Victoria
Grain Markets Rally on Strong Demand and Shorts Covering
Grain markets remained active and higher across the board as short covering and investment buying pushed prices up. Corn led with bullish Argentine crop news and large American export sales, closing near the top with substantial gains. Wheat also firm, oats lively with notable advances across contracts.
MENTIONED IN THIS ARTICLE
Sapam
Local Market Shows Mixed Interest In Key Issues
Boston market notes focus on Shoe Machinery, Telephone rights and Superior Boston. Shoe Machinery regains after slight retreat, closing at 54 1 2. Telephone rights near 58 cents with 46 951 share volume. Superior & Boston ticks up on Boston and New York demand amid property news. Copper and industrials gain in broadening activity. American Zinc and Massachusetts Electric stand out. Close irregular.
MENTIONED IN THIS ARTICLE
Boston
Superior & Boston
New York
American Zinc
Massachusetts Electric Common
Curb Trading Holds Hesitant Tone in Boston Markets
Local curb transactions reflected a cautious mood with Ohio Copper Majestic and Corbin Copper showing firmness while Mexican Metals Alaska Gold and Butte Central were varied in activity. Detailed issue fluctuations accompany the report.
MENTIONED IN THIS ARTICLE
Ohio Copper
Majestic
Corbin Copper
Alaska Gold
Butte Central
Cotton Markets on Mardi Gras Day
The cotton market was dull and narrow as New Orleans closed for Mardi Gras. Absence of arbitrage between markets limited local trading and larger interests waited the New York Cotton Exchange revision committee meeting tomorrow. Liverpool advices this week are bullish, boosted by Manchester trade and improving statistics.
MENTIONED IN THIS ARTICLE
New Orleans
New York Cotton Exchange
Liverpool
Manchester
State Street Topics Exchange Seats Not in Demand
The sale of a New York Stock Exchange seat at 48000 with several at 50000 drew attention to a three year lean period. The 1100 seats are valued at 52800000, half the 1909 peak. Boston and Montreal markets show similar declines while New York bond issues face questions about par value and public subway bonds.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Boston
Montreal
Montreal Stock Exchange
Gold demand sustains money market with rising rates
The continuation of foreign demand for gold drives the money market. Sixty day loans range from 3 1 2 to 8 3 4 percent, with 90 day at 4 percent and five to six months at 4 1 4 percent. Call money in New York sits at 2 1 2 percent as gold shipments totaling 18 500 000 move to Argentina and Paris.
MENTIONED IN THIS ARTICLE
Paris
New York
Call Money
Bond Market Report Highlights Convertible Bonds And Government Issues
A large volume traded within a narrow range led by Baltimore & Ohio St Paul Norfolk & Western convertibles, Interborough Metropolitan and New York Railways issues. Government bonds closed near yesterday with mixed results across 2s 3s and 4s, while total sales reached $2,232,000 compared with prior sessions. year-to-date totals show lower activity than last year.
MENTIONED IN THIS ARTICLE
Baltimore & Ohio
St. Paul
Norfolk & Western
Interborough Metropolitan
New York Railways Adjustment
Notable Gibson Illustration No 6 in A Widow and Her Friends
The Post reveals another Gibson era picture, No 6 in the notable series A Widow and Her Friends, to appear in next Sunday's issue. The image highlights Charles Dana Gibson's familiar style and social commentary.
MENTIONED IN THIS ARTICLE
Charles Dana
Gibson
Manufacturing and real estate firms listed in 1947 preferences
Hendee Manufacturing Pref Rock Island Southern Ry 5s 1947 Arlington Mills Apsley Rubber Co Pref Berlin Mills Contoocook Mills Com and Pref American Real Estate of 1921 53 State St Boston Tel Minin 460 84 Pine St N Y Private phone to N Y
MENTIONED IN THIS ARTICLE
Hendee Manufacturing
Rock Island Southern Ry
Arlington Mills
Apsley Rubber Co
Berlin Mills
Contoocook Mills
American Real Estate
State St
Boston
Tel. Minin
Metal Markets Show Mixed Copper Weakness Across Exchanges
Active trading at the metal exchange with copper slipping about four percent in nearby bids and one percent in late-month bids. Prices for electrolytic, casting, tin, lead, spelter, and antimony cited. iron unchanged. London market closes with copper and tin moves and various spot and futures prices across metals.
MENTIONED IN THIS ARTICLE
Metal Exchange
London
Newburyport bids include 40000 loan to Moseley Co
Newburyport Massachusetts awarded a temporary 40000 loan dated February 3 1913 maturing April 3 1913 to B 8 Moseley Co with bidders Institution of Savings N W Harris Blodget Commonwealth Trust Curtis Sanger Naumkeag Old Colony First National Bank Newburyport Hampden bids and Cambridge bonds planned with multiple serial and sewer water street schoolhouse loans plus a 50 000 temporary loan for Chicopee due February 7 1913
MENTIONED IN THIS ARTICLE
Newburyport
Mass
Hampden
Old Colony Trust Company
Curtis & Sanger
Cambridge
Estabrook & Co
W. L. Raymond & Co
Adams & Co
Blake Bros. & Co
R. L. Day & Co
Blodget & Co
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Kidder, Peabody & CO
Devonshire Street
Wall Street
Massachusetts
Bankers’ and Commissioner’s Plans
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Yebster
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High Point
Dan
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Mbs&i'pf
Ohio
Ye Fu Co
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D L& W
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Inc
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Butte & Sup
Hecla
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Edison Eleo
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Ib Hedley Gold
Ee Emeree Tan
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Sl& SF
Studebaker
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the Texas Co
Union
Metal Shingle & Siding, Ltd
N. H
N. Y
Conn
Hartley Silk Manufacturing
U. S. Metal Products Co
N.H
Turner, Tucker & CO
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Engineering and Mining Journal
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Saale
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Eeee
Eeeree ‘Lorillard Co “Ls
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Creer
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Aass
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Eleo
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Liggett & M
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Penlosha
Mich
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Congress St
Pine St
Metal Markets
American Can Company
Chicopee
Hunt, Ellis & Co. Bankers & Broker
Consolidated Stock Exchange of
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N.Y
Underwood