Copper price cut shocks foreign buyers across agencies
Canadian Pacific and Union Rule Strong features Amalgamated Copper and American Smelting Metal agencies make a sensational cut in copper prices for foreign consumers. The New York figure drops to 14 78 cents, signaling a major shift in market dynamics.
MENTIONED IN THIS ARTICLE
Canadian Pacific
Union Rule
New York
Market Summary Yesterday and Year to Date
Yesterday's totals show New York 303 300 shares and Boston 32 783 shares with steel common leading in New York at 59 400 shares and American Telephone & Telegraph leading in Boston at 3 794 shares. Year to date New York 11 268 400 shares and Boston 888 030 shares. last year at this date New York 14 808 700 shares and Boston 1 540 681 shares. Largest New York gain Canadian Pacific 21 percent to 235. largest New York loss Del Lack & West 20 to 415. Boston gains Osceola Consolidated 2 to 94. losses Ahmeek Mining 10 to 300. Call money New York 4 to 4 percent. Boston 4 percent. Time money New York 4 14 to 4 34 percent. Boston 4 34 to 5 percent.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Tel & Tel
Canadian Pacific
Del
Lack, & West
Osceola Consolidated
Ahmeek Mining
Time Money
Market Shows Improved Tone as Stocks Rally in Late Day
New York traders saw a firmer stock market after a downbeat spell. Union Pacific and Steel led advances while copper weakened on lower metal prices. London and Berlin quotes fell. Currency movements suggested a modest weekly cash loss, with limited domestic news and cautious trading ahead of railway strike developments.
MENTIONED IN THIS ARTICLE
New York
Union Pacific and Steel
London
Berlin
Anthracite Trust
Lackawanna
Mexico
Eastern Railway
United States
Copper Market Slump Hits London and Boston Shares
News from Boston reports a demoralized London electrolytic copper market with April delivery at 151-4 cents and sales at 151-8 cents in Europe, cash 147-8 cents, while New York prices show 15 cents. Copper shares weaken broadly led by Amalgamated and Calumet & Arizona as Isle Royale declares a $1 dividend and buys stock around 26. Telephone stock and rights see notable volume with heavy trading in both cities.
MENTIONED IN THIS ARTICLE
Boston
London
Europe
New York
Amalgamated
Granby
Lake Copper
China
Calumet & Arizona
Isle Royale
When issued. Total sales and rights noted in issue.
The filing lists total sales at 32,783 shares, bonds valued at $29,000, and rights totaling 84,381. No further context provided about issuer or dates.
Boston curb market shows mixed metal movements and recoveries
Yesterday's curb market in Boston featured Mexican Metals Davis Daly Alaska Gold Lion Hill and Corbin Copper with prices slipping to lower levels before recovering. Mexican Metals fell from 19-16 to 15-16 and then rebounded to the initial price. Lion Hill declined to 50c and recovered to 80c, Davis Daly moved from 13-8 to 13-16 before closing near its low, Corbin Copper eased to 68c and held, Alaska Gold rose from 15 to 145-8 and closed at 143-4.
MENTIONED IN THIS ARTICLE
Davis Daly
Alaska Gold
Lion Hill
Corbin
Corbin Copper
Alaska
Bay State Gas
Bohemia
Butte Central
Calaveras O
Tiber Tad
Crown Reserve
Eeo Iad Ag
Germany
Girard
Ren Eney
Houghton Aareeee
Lion Hill Sen
Eded
Majestic
Massoletti
New Douglas
Ohio Copper
Seneca A
Smokey Devel
South Lake
Utah Metal
State Street Topics: Government Interest in Pneumatic Tubes
A government committee examined the American Pneumatic Service Company’s books to assess the cost of building and maintaining tubes for postal use. If bid is accepted, bonds and preferred stock may be retired, boosting working capital. Isle Royale buys Montezuma for 100000 and starts dividends. copper market shifts with large municipal bond issuance in January 1918.
MENTIONED IN THIS ARTICLE
the Post
American Pneumatic Service Company
Postal Service
Boston
New York
St. Louis
Chicago
The
Post
Lamson Consolidated Store Service Company
Isle Royale
Calumet & Hecla
Lake
Isle Royale Company
Portage Lake Lode
Isle Royale Lode
Money Markets Hold Steady Amid Strong Demand
The money market remains firm with call money at 3.25 to 4 percent and time funds at 4.25 percent across 60 days to five months. Gold exports showed no new engagements and demand for funds was heavy, especially for call money, with New York rates reflecting the market's tight liquidity.
MENTIONED IN THIS ARTICLE
New York
Bond Market Notes and Local Finance Movements in Worcester
Medford invites bids until February 18 for 40000 four percent playground bonds dated 1912 with 1500 annually 1913-32 and 1000 annually 1933-42. Old Colony Gas to issue 146000 first mortgage five percent bonds and 2210 shares to cover 367000 securities for construction debt. Meikleham and Dinsmore relocate to 85 Congress street. Worcester County awards 50000 temporary loan. Bidders include Worcester Trust Company and First National Bank of Boston.
MENTIONED IN THIS ARTICLE
Medford
Mass
Old Colony Gas Company
KE. M. Farnsworth
County of
Worcester
Natonal Bank of Worcester
Worcester Trust Company
First National Bank of Boston
Trade and Industry Show Cheerful Aspects Despite Currents
Bradstreet's notes a generally cheerful trade and industry outlook despite cross currents. Dry goods robbing trade remains active, iron and steel production high with quieter new buying, and railroad equipment demand solid. Textiles show wide activity with firm prices though cotton yarns weak. woolen goods hurt by strikes and tariff uncertainty. Bank clearings rise 4.08 percent. weekly business failures and export data cited. Canada sees trade up to average. spring prospects favorable.
MENTIONED IN THIS ARTICLE
New York
Bradstreet’s
Texas
Gulf States
United States
Canada
Metal markets slide with mixed copper and tin notes
Feb 14 metal exchange reports copper easing slightly while tin stays near steady. Spot prices show lead and spelter quiet with minor shifts. London market closes with copper at 70 10s for best selected and various futures moves.
MENTIONED IN THIS ARTICLE
Cookson’s
London
Yopper
Bond Market Mixed as Conver tible Issues Lead
The New York bond market on February 14 shows heavy trading with major activity in American Telephone Atchison J Paul and Southern Pacific convertibles Central Yoan 5s Wabash 48 and Wabash Pittsburg Terminal 4s. Total sales reached 2 051 000 versus 2 823 000 yesterday 2 369 000 a week ago and 3 034 000 a year ago. From January 1 to date 77 802 000 compared with 143 573 000 a year ago.
MENTIONED IN THIS ARTICLE
New York City
United States
Canada
American Telephone
Atchison, J. Paul
Southern Pacific
Wabash-Pittsburg
Cri&p
North Rat
Col
F& I
Es Express
Co Industrial
North Pacific
Midland
T& Ae
Cumberland
Erie
Erie Gallien
Armour & Co Real
L & SF
At&s
Gen Motor
Ist ‘ City
Mer
Becks ‘Son
Ai AP Il
P& Px
Aio
Pacific
Balt & O
Bet
Balt &O
Iowa
al Abe
Laolade Gas of
St Mobile & Odivae
Standard Mill Bs
Sis Lakes
Pecan & P Ist Sa
Liggett & M
Texas Co
R& P
Lorillard Cope
L&n Hhad
An & Gr
L & West
UL & N
Wat
Jnion Pac
Manin
Mick Cenan
Jn Risol
Cent Raly
Mob
Ohio
Miles
West Maryld
West Shore
NYW & Bos
Nwn
Niagara
Sea Ee
Grain Markets Reflect Mixed London and Chicago Cues
Liverpool wheat showed little reaction to Chicago declines while corn exports for the past three days appeared confirmed. Markets edged toward a recovery after the late drop with wheat percent gains, corn mixed, and oats modestly higher. Minneapolis receipts rose to 282 cars, Chicago totals showed 78 wheat, 907 corn, 281 oats, with export sales at 40,000 wheat and 448,000 corn.
MENTIONED IN THIS ARTICLE
Liverpool
Chicago
Paris
Antwerp
Budapest
Berlin
Minneapolis
Duluth
Cotton Markets Show Little Change Amid Declines and Steady Demand
Trading in the cotton market was largely unchanged from recent sessions with Liverpool edging lower on selling by the continent and weak spot business. The census supply report was mildly bullish but spinning takings were down about 100,000 bales from last year, while several ships and vessels moved or faced repairs at Belfast and Boston areas.
MENTIONED IN THIS ARTICLE
Liverpool
Sally Maersk
Copenhagen
Belfast
Ireland
Denmark
Maersk
London
Mary A. Whalen
Grand Banks
N. F
Oporto
Spain
Essex
Bat
Newfoundland
T Wharf
Cunard
Saxonia
Queenstown
Fastnet
Chelsea Creek
Camden
Hamburg-American Line
Christian X
Boston Light
United Fruit Company
San Jose
Davison
Port Simon
C. R
Costa Rica
George E. Delano
Maine
Portland
Ore
Delano
Bath
Pacific
South America
Commonwealth Pier
South Boston
Annual Statement of Columbian National Life Insurance
The Columbian National Life Insurance Company presents its annual statement showing steady growth since its Boston founding a decade ago. Total assets reach 8,153,948 with a policyholder surplus of 1,338,997 above reserves, and life and health policies in force total 56,774,099. Franklin W. Ganse is the home office general agent.
MENTIONED IN THIS ARTICLE
The
Columbian National Life Insurance Company
Arthur EF. Childs
Boston
State Insurance Department
Columbian National
Franklin W. Ganse
Along the ft water front schooners face market shifts
Four schooners arrived at T wharf with prices easing from Thursday. Haddock eight and a quarter cents, steak cod thirteen, market cod eight, pollock nine and a quarter, large hake eleven and three quarters, small hake seven eight and four, with vessel fares listed for S Grueby and others. Estelle Krieger arrived from Sabine after a storm, carrying lumber, while Governor Powers may be driven off coast after leaving Provincetown and not yet arriving. another Boston bound steamer returned to Europe for repairs.
MENTIONED IN THIS ARTICLE
T Wharf
Haddock
S. Grueby
Ethel B. Penny
W. M. Goodspeed
Greer
Estelle Krieger
Sabine
Tex
Krieger
Governor Powers
Provincetown
Powers
Pascagoula
Europe
Shipping News Miniature Almanac Feb 15 Sailings and Arrivals
Shipping news notes arrivals of numerous steamers and lighters from ports including Yokohama Hiogo Shanghai Hong Kong Singapore Baltimore Newport News Norfolk and more. Also lists sailings to Liverpool London Port Lemmon Boston Yarmouth and other ports with vessels such as Erroll Juniata Alleghany Chase Nacoochee Dizer Aranmore and City of Gloucester among many others.
MENTIONED IN THIS ARTICLE
Grecian
Baltimore
Newport News
Law
Land
Norfolk
Penobscot
J. H. Devereaux
Massapequa
San Juan
P. R
City of Everett
New York
Malden
Jonas HW. French
Newbury Port
Joshua Lovett
Clara
Salem
Dora
Lynn
Honey Brook
CG. R. R
N. J
Boston
Wilkesbarre
Port Johnson
E. L. Pillsbury
W. H. Clark
Merriam
Philadelphia
Lackawanna
Hoboken
Canisteo
Newburyport
Pequest
Delawanna
Irvington
Perth Amboy
Gloucester
Rockport
Providence
Neponset
Provincetown
Witherbee
Savage
Portsmouth
Erroll
James
Yokohama
Hiogo
Shanghai
Hong Kong
Singapore
Juniata
Alleghany
Chase
Nacoochee
Dizer
Savannah
Aranmore
Hearn
Walifax
N. S
Werman Winter
Crowell
Camden
Strout
Portland
Belfast
Brown
Winterport
City of Gloucester
Godfrey
Calvin
Radnor
Upton
Herbert
Perth
Amboy
Estelle Wrieger
Mohr
Sabine
Arkansas Not Badly Injured After Coral Reef Incident
The dreadnought Arkansas ran on a coral head near Cecilia Reef off Cuba and proceeded to Guantanamo naval station. Early Navy reports say the ship's injuries are comparatively insignificant.
MENTIONED IN THIS ARTICLE
Washington
Arkansas
Cecilia Reef
Caimanera
Cuba
Guantanamo Naval Station
Navy Department
Also Mentioned on This Page
Kidder, Peabody & CO
Devonshire Street
Wall Street
New York Market
Smelt & R
Snu
W &G
T&t
Maryland
Dl&w
Goodrich BF Co
Goodrich BF
Lehigh Valley
Loose-Wiles Co
Lorillard C Pf
Louis Nash
Mackay
Mackay of Peace
May Dept
Mex Pet Co
Nynh&h
Nor & West
Nor
Ohio T & Loo Pala Ag
Pacifi Mail
Enn
Peoples’ Gas
Pitts Coal
Epi&s
Rock Isand
Union Pacific
Moe
Ag i
West T& T
STOC
Algomah
Ils
Allouez Ee
Oul
M Ag Chem
Ag Ch
T & T Rts
Arizona Com
Bos & Albany
Boston Corbin
Bos & Lowell
Os & Maine
Butte Ballakots
Butte& Sup
Cal & Arizona
Cal & Heela
Ooh
East Butte
Edison Elec
Vitebburg Pf
Franklin
Nie
Gen Motors
Giroux Ee
Greene
I . Se Enweere
Island Creek
la Salle
Nevada
Pond Ork Coal
Pullman Co
Bay Consol
Quincy Eee
Santa Fe
Swift & Co
Tamarack
Trinity Eneees
Union Land
United Fruit
Pgs Ape
United Shoe
UN Shoe M Pf
U S Smelting
U S Smelt Pf
U S Steel Ee
U S Steel Pf
Utah Apex Eeeeee
Utah Consol
West End Escoves
West End Pf
Braden Coper
Brit Ami
Davis Dalyanaes
la Rose
Manhate Transit
McKinley Dee
Nevada Hills
Nipissing
Wbeae
Standar Oil NJ
Eevee
UN Cig
State Street
American Pneumatic Service
Udes
Money Markets
Reichsmarks Eo Voer
Meikleham & Dinsmore
Congress Street
City
Chicago Market
Amer
Cc & Dock
Arm
Morris
Metal Markets
Vasu 150
Kansas City
Toledo
Detroit
Mar
Seewer
Hee Ae
Silver Leaf
Atlanta
Temiskam
Blue Bull
Booth
Trethewey
Wettlaufer, AW
Comb Vrae
Big Dome
Opie
Dome
Florence
Dome Lake
Fol O'Brien
Jim Butler
Hollinger
Pearl Lake
Namsara
Midway
Mizpah
Rea Mines
Montana
North Star
West Dome
Bailey
Beaver
Buffalo
Gold Chain
Grent
Chamber
Idaho
City Cobalt
Tron Blos
Coniagas
King Wm
Crown Res
Mason Val
North
Lwr Mam
Hargrave
Kerr Lake
New Hills
Opohongo
Prince On
Sil Ky Cln
Peterson
Sioux Con
Uncle Sam
Rochester
Victoria
Philadelphia Market
Am Rys
Hila
Cambrias
BE & P
Phila
Tonopah
Stor
Columbian National Life
Francis P. Sears
Frank
Rthur E. Childs
William C. Johnson
William H. Brown
NY W. Ganse
Home Office
Franklin St
Shipping News
Sachem
Anglian
England
Port Limon
Yarmoutti
Marks & Chester
Dudley St
Cor
Dudley St. Stutton
New England
Tse
Max Keezer
Harvard
Mass. Ave
Cambridge
Harvard Sq
Keezer
Columbus Ave
Dartmouth St
Rosencranz
Ave
Remington At
Bermuda
Tours, Inc
S. S& “Bermudian
Wilson
West Indies
New S. S. “Guiana
St. Thomas
St. Croix
St. Kitts
Antigua
Guadaloupe
Dominica
Martinique
St. Lucia
Barbados
Derm Srara
A. E. Outerbridge & CO
Quebec
Ss. Co., Ltd
Broadway
Thos. Cook & Son
Washington St
Cunard Line
Poston
Carpathia
Ivernia
Fishguard
Campania
Carmania
Tel. F. H
Orotava
Royal Mail Steam Packet CO
Sanderson & Son
Gen
State St
W. HI
White Star Line
Steamship Tickets
Clyde and Savannah Lines
Merelands & Miners
Airines
All Steamship
Beekman Tourist Co
Pont, Dail and Sunda
New “England
York
Arster Steamship Agency Ra Lines
Jasees
Becton Washington