Stock Markets Active and Weak Points in Yesterday's Markets
Market overview Notes show total sales in New York and Boston with daily and year-to-date figures. Highlights include top active issues Del Lack West in New York and Am Tel Boston, with notable gains and losses among listed companies and shifts in call and time money rates in both cities.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Am. Tel. & Tel
Del
Lack. & West
Central of New Jersey
Am. Agri. Chem
Calumet & Hecla
Calumet & Hecla, 25 To 460. Call Money
Time Money
New York Market Slumps With Broad Market Decline
The New York market opened febrile and stayed weak as selling intensified. Speculative leaders and many investment issues fell, with Reading and Amalgamated among the hardest. Short covering later trimmed losses while bear factors cited included a possible firemen strike, Mexican revolution concerns, and a tight money market. Total sales par value about 2.8 million with Panama 3s down 1/4 on call.
MENTIONED IN THIS ARTICLE
New York
Reading
Tinion Pacific
Steel
Amalgamated
Southern Pacific
New York Central
Great Northern Preferred
Atchison
South America
Panama
Local Market Bearish Slide Pulls Down Several Stocks
Bearish pressure from New York spreads to Boston with liquidations and sharp declines led by North Butte Granby Calumet & Arizona and Calumet & Hecla. Political turmoil in Europe and Mexico fuels traders bearish outlook as call money sits near 4 percent and prices end near day lows.
MENTIONED IN THIS ARTICLE
Boston
New York
North Butte
Granby
Calumet & Arizona
Calumet & Hecla
Bears
Europe
Mexico
South America
When issued Total sales and rights figures listed
When issued data shows total sales of 33 671 shares bonds 54 000 rights 191 788 fractions 4 and related details as readable in the fragment.
Boston curb market fair totals and fractional gains
The curb market yesterday showed moderate activity with Davis Daly Alaska Gold Mexican Metals Calaveras Nevada Douglas and Majestic recording fair totals. Prices remained firm with changes only fractional as detailed fluctuations followed.
MENTIONED IN THIS ARTICLE
Davis Daly
Alaska
Calaveras
Nevada
Douglas and
Majestic
Chicago Junction Earns 13.4 Percent on Common Stock
The annual report shows Chicago Junction Railways & Union Stock Yards Company earned 13.4 percent on common stock after paying a 6 percent dividend on 6.5 million dollars of preferred stock. The report notes labor strikes and weather cut earnings in several cases and details copper, envelope, biscuit, and iron company results, with back dividends paid and future dividend prospects.
MENTIONED IN THIS ARTICLE
Chicago Junction Railways & Union Stock Yards Company
New England
United States Envelope Company
Money Markets Show Firmer Tone Across Financial Centers
Yesterday's rates indicated a much firmer tone with advances ranging from 1 4 to 1 2 percent. London money moved 4 1 2 to 5 percent the highest in the current movement while the Bank of England kept its minimum discount rate at 5 percent. In New York call money ranged 2 1 2 to 4 percent and time money across 60 days to five months stood at 4 1 2 percent. Commercial paper traded around 5 percent with current New York and Boston figures listed for clearings and balances.
MENTIONED IN THIS ARTICLE
London
Bank of England
New York
Call Money
OR Money
Ies Eb Ee
Esiee
Boston
Bankers
Shea Aor
Caess
Broichsnathg
Grain markets show weak trends with mixed regional strength
Feb grain notes Budapest wheat strength while Liverpool and our markets weaken on profit taking and selling. May wheat 135, July 1 cent, Sept down 5 percent. Corn and oats slump with large declines. Paris and Antwerp mixed. Receipts: Minneapolis 442 cars, Duluth 66, Chicago wheat 98, corn 809, oats 262. Tomorrow: wheat 77, corn 880, oats 261. Export sales: 48,000 wheat and 930,000 corn, with 410,000 from Chicago and 520,000 from seaboard markets.
MENTIONED IN THIS ARTICLE
Budapest
Liverpool
Paris
Antwerp
Berlin
Minneapolis
Duluth
Chicago
Seaboard
National Properties Stock Offering
H B Hollins New York and Newburger Henderson Loeb New York Philadelphia offer 6 per cent cumulative preferred stock of National Properties Company with $1000 par value preferred and $400 par common for $970. 10 per cent on application balance on allotment. Subsidiaries earned 6 per cent on $1,649,000 preferred and 4.85 per cent on $1,992,000 common in 1912. Estimated earnings 7.76 per cent in 1913 12.18 per cent 1914 and 16.2 per cent 1915. Focus on management led by Van Horn Ely. Subscriptions in Boston Adams & Co 13 Congress street.
MENTIONED IN THIS ARTICLE
H. B. Hollins & Co
New York
Newburger, Henderson & Loeb
Philadelphia
National Properties Company
Wilmington & Philadelphia Traction Company
Pittsburgh City Light & Power Company
The
Water Company of
Tonopah
Nev
National Properties
van Horn Ely
Ely
International Railways Company of Buffalo
Niagara Falls
Beaver County Light Company
Pittsburg
Tri-State Railway & Electric Company
Interborough Electric Company
Washington
Penn
West Penn Traction Company
Greene Counties
Pennsylvania
Boston
Adams & Co
Congress Street
Cotton Markets Show Modest Rise then Decline in Feb 13 Trade
The cotton market opened with a moderate reactionary tendency, then recovered part of a 10 point drop and held a fair tone until the last hour. Declines were driven by Mexican news and fears of U S labor disturbances, with Liverpool noted.
MENTIONED IN THIS ARTICLE
United States
Metal Markets Slip as Copper and Tin Fall at Exchange
Trading at the metal exchange was quiet with a weak tone. Copper and tin declined with mixed bid and asking levels for late months while Spelter eased modestly. London market closed with copper and tin prices down and lead steady, reflecting subdued demand.
MENTIONED IN THIS ARTICLE
Cookson’s
London
Harris Offers Norfolk Southern Bonds to Investors
N W Harris & Co Inc offer $6 million Norfolk Southern first and refunding mortgage 60 year 5 percent gold bonds dated Feb 1 1911 maturing Feb 1 1961. Company operates 825 miles of road in NC to Norfolk VA with 76 miles under construction to 901 miles. Total development cost about $27 million, secured by mortgage on 789 miles plus rolling stock valued at $2.73 million. Bond debt about $20,788 per mile. Also secured by stock and bonds of John I Roper Lumber Co totaling an estimated $9 million value.
MENTIONED IN THIS ARTICLE
Norfolk Southern Railroad Company
John L. Roper Lumber Company
N. W. Harris & Co., Inc
North Carolina
Norfolk
Charlotte
N. C
John I. Roper Lumber Company
Bond Market Notes and Public Bond Bids Across Cities
The Railroad Commission approved a $600,000 20 year 5 percent bond issue for West End Street Railway Company and 4400 additional common shares to be auctioned. Bond & Goodwin won $200,000 Oswego sewer bonds. Norfolk County seeks bids for a $125,000 temporary loan due 1918. Leach Co won $40,000 water bonds for Falmouth Mass. Other bids expected for town hall and various city bond issues across Omaha Troy Fitchburg and Worcester counties with bid deadlines mid February.
MENTIONED IN THIS ARTICLE
The
Railroad Commission
West End Street Railway Company
West End Company
A. B. Leach & Co
Falmouth
Mass
Merrill, Oldham & Co
Blodget & Co
Wildey Savings Bank announces officer changes
George E Taber is elected treasurer replacing the late J L Martin. Taber has served as assistant treasurer for the past ten years. C Freeman is appointed assistant cashier.
MENTIONED IN THIS ARTICLE
George E. Taber
Wildey Savings Bank
J. L. Martin
C. Freeman
Calendar for Today and Saturday Schedule
Calendar items show Books Open at American Woolen and Books Close at Goldfield Cons for meeting. note cross reference to Saturday calendar.
Also Mentioned on This Page
Massachusetts
Hornblower & Weeks
Congress
Detroit
Providence
Harriman
New York Market
Am Cities Co
Ohio
Beth Steel
Brunswic
BR & Pitts
Cal Pet Corp
Billy Ithe
Cspm & O
Cco & IL
Goldfield
Ins Cop
Kayser J & Co
Kniecker’k I Pf
Kresge Co
Lackawan Steel
Lehigh Valley
Liggett & Mey
Loose- Wiles Co
Larilara Co
Isule” Nash
Mer Marine
Mex Pet Co Lt
Miami Cop
Minn & S L
Nat Biscuit
NH & H
NX O& W
Nor & West
Nor Am Ag
Nor Dac
Pacific Mail
Pitts Coal
OM Oy
Rock Island
Li& SI
Sears-Roe
Studebaker
Tenn Copper
Texas Co
Texas Lander
Third Ave
Union Pacific
1Looo United
Cc & C
Ry & P
Wabash Seeree
West Union
Westinghouse
Wis Central
TOO
Woolworth
Boston Stocks
Fr & T
T&t
At&t
FS & M
West T & T Bs
Ahmeek
Algomah
Allouez
Oll Am Tel & Tel
Igo
Commonwealth of Massachusetts
Adams & Company
Blake Brothers & CO
Post Office
State Street
Arizona
Gulf
Ealt & Ohio
Bos & Albany
Boston Corbin
Bos & Maine
East Butte
Edison Elec
Fitchburg Pref
Franklin
General Flec
Giroux Eee Eae
Greene Can
Indiana
Isle Royale
Kerr Lake
la Salle See
Miami
Michigan
NY & NH
North Lake
Old Colony
Old Dominion
Osceola
Pullman Co
Quincy
Santa Fe
Shannon Eee
Shattuck-Ariz
Union Land
United Fruit
United Shoe
Mt U
U S Steel
Utah
Hehe Ee
Bay State Gas
Boston Ely
Butte Central
Butte
Ea & Bl’bell
Oneco
South Lake
Stewart
Superior & Globe
United Verde
Marconi
Giroux
Houston
la Rose Steeee
Manhattan
Mason Valley
Chicago Junction
Nevada Consolidated
Utah Copper Company
Italy
Thompson, Towle & Co
Naples
Rome
Austria
America
Guggenheim
National Biscuit
Colorado Fuel & Iron
Colorado Fuel & Iron Preferred
Money Markets
St. Louis
Kansas City
Toledo
National Properties Stock Offering
New York City
Central Trust Company of New York
New York Stock Exchange
Charles H. Hix, Esq
Norfolk, Va
N. W. Harris & Company
Harris, Forbes & Company
William Street
Federal Street
Harris Trust & Savings Bank Bond Department
Metal Markets
N. W. Harris
Southern Bonds
BAY State Trust Company
Boylston ST
Park SQ
Bond & Goodwin
Oswego
N. Y
Orange
Omaha
Neb
Troy
Fitchburg
R. L. Day & Co
Estabrook & Co., Merrill, Oldham & Co
Trodger & Co
Worcester County
American Public Utilities Co
Public Service Corporation
H. L. Nason & Co
Congress St
Boston, Mass
New England Trust Company
Frank H. Gage
Charles PD. Buckner
Eliot
Mutual National Bank
New Industrial National Bank
American Trust Company
Lapointe Machi Tool Company
New Ely Central Coper Company
South Carolina
Greene-Cananea
Detroit United By
Kings Co
Elec. Light & Pwr
Pittsburg Steel, Ptd
American Woolen
Goldfield Cons
Mtg
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