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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 14, 1912
Page
15
An editor’s note surveys Ray Consolidated and Chino copper stocks, comparing market prices, ore reserves, and production costs. It notes Ray’s older, underground-caving method and its merger with Ray Central, yielding strong yet uneven profits versus Chino’s steadier rise and higher per-share value.
The Ray Consolidated Copper Company incorporated in Maine in May 1907 sits in Arizona about 81 miles from Phoenix and 500 miles from El Paso. By April 1911 it reports 75 million tons of ore at 2.17 percent copper with the Bay Central acquisition adding 7.38 million tons, boosting potential output to as much as 80 million pounds annually once an 8000 ton mill operates at full capacity. Dividends not yet distributed. assets back of each share shown under various ore tonnages and copper prices, with outlook noting strong potential and comparative factors to Utah Copper and China Copper.
Quincy Massachusetts received a temporary loan of 175 000 dollars maturing February 14 1918 to Estabrook and Co at eight and a quarter percent discount with a one dollar twenty five cent premium. The same bankers secured a temporary loan for the city of Somerville Massachusetts totaling 800 000 dollars payable in two installments October and November at two percent discount plus a two dollar premium.
In Dedham Massachusetts on February 13 a verdict for 1850 was awarded to William A Sweet treasurer of the Hardman Tile and Rubber Company of New Jersey in his 5000 suit against the Post Publishing Company The trial before Judge Stevens and a jury followed an August 13 1907 Post article about Suffolk county grand jury indictments misnaming Sweatt among the defendants.
Trading opened uncertain after a two day recess with several issues hitting new lows. Prices lagged and steel declined to 58 1 4 before a late rally lifted active list, while Union Pacific held firm and Eastern rails showed resilience. Republic Iron & Steel preferred traded down with signs of potential dividend changes.
Traders push New York copper shares higher with Hancock leading gains of 1381 points as bullish sources persist from December advice to hold. Mayflower and Old Colony face management changes with St Mary’s Mineral Land holding 25 000 shares likely shifting control. Southwestern Miami new Paine interests set near Live Oak copper trend.
Southwestern Miami increases capital stock by 60 000 shares sold at four dollars each. New directors named for Southwestern Miami Development Company include R T McKeever Robert H Gross and Thomas S Dee with George F Ruez elected president and McKeever vice president.Augusta Heckscher J H Seaman elected directors of British Columbia Copper Company. Chicago Junction Railways & Union Stock Yards Company reports year end earnings rise in gross and fall in net. Nipissing January silver production totals 406 826 ounces valued at 224 903 with December and prior months on similar scale. Paine Webber Co relocates to Shawmut Bank building with redesigned customer and banking rooms.
The Boston State House circulated notices announcing hearings by the Committee on Metropolitan Affairs on February 16 and February 19 1912. Topics include mayoral term and election rules for Boston, council nominations and elections, port development, municipal finances and street plans. Public officials H Brown J Parker Jr and George George Newhall Burns Joseph Parker chaired and clerked sessions.
Trading in yesterday's Boston curb market showed little enthusiasm for Amalgamated Nevada and United Verde Extension while Southwestern held strength. Miami Oneco and Calaveras weakened, with detailed fluctuations following the activity.
Stockholders of State Street Exchange meet in Boston at Barristers Hall Room 07 on February twenty first at eleven in the forenoon. Purposes include electing officers, raising funds to pay for the building at Congress Street and Exchange Place, increasing mortgages, and directing reserves for a $100000 payment if the Stock Exchange is torn down. FrancL L. Hayes, secretary.
Probate Court in Boston cites heirs and creditors regarding the estate of Harriet K Hartshorn deceased. Petition seeks administration granted to Fred Joyn of Winchester without surety on bond. Hearing February 29, 1912 at 10 AM. publish notice weekly for three weeks.
William H. Hayes counsellor at law relocates his office to Room 544 Tremont Building telephone 3153 W Hay. Also notes entries for Wines and Liquors Lottaly Pgr Fur 2 aR and Snow & Son at 69 Market Be with ambiguous figures 100 a12.Fsu a.
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