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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 18, 1911
Page
12
General stock market activity shows a partial rebound with New York and Boston totals. Amalgamated leads gains as illness of William Rockefeller and Russo-Chinese tensions fuel bear pressure amid volatile call and time money rates.
The local market featured uneven price moves with moderate volume. Steel common led activity, advancing to 80 after a brief dip to 78 38-4 and finishing at 79 3-4. Amalgamated rose later to 64 1/2, Nipissing spiked afternoon gains to 123 4, and Utah Consolidated gained 11 4 to 123 4. Grades like Granby Osceola Wolverine fell, while Superior and Pittsburg North Butte East Butte attracted strong buying. New Haven stayed around 150 1-8 amid news of stock conversions and surplus adjustments.
The Boston Market report shows stock and bond price movements along with total sales and a comparison to the prior close. It lists price changes for key issues and notes overall market direction for the day.
Amalgamated Nevada dropped to 12 1 2 cents, nearly its low, after opening at 15 cents. It then rebounded to 15 1 2 cents and closed around 14 cents. First National rose from 1 11 16 to 23 16, finishing near the high. Other active names included Champion Rhode Island Coal and Bay State Gas.
Pennsylvania dividend totals reach 65 611 stockholders with 8 252 217 shares shown par value 50 and total par of 412 610 850. Dividend 6 189 162 payable February 28. Over 30 percent of holders reside in Pennsylvania with 20 212 stockholders. New York 11 226 holders and 9 404 foreigners. At Thompson Towle Co Adams Filor and Smyth admitted as partners. Thompson and J Edward Thompson linked to New York Exchange.
James Shay & Co in Boston solicits orders to buy or sell the stock or bonds. Loans are available on listed and unlisted stocks and bonds through 54 Devonshire Street.
Chicopee Mass notes show an ace porary loan of 60000 dollars to Estabrook and Co at 3.29 percent count.
Bradstreet's State of Trade reports rain ending drought relief aiding western crop prospects while steel demand remains solid and retail trade slows. Banking and money supply are strong. late-week commodity prices edge down. Bank clearings drop 15.4 percent. failures rise to 285. Wheat and corn exports show sharp year over year declines. spring trade in Canada looks favorable.
The Southern Railway Company declares a 1 percent dividend on preferred stock, payable April 24, the first since October 1909. Directors plan to maintain payments, while expanding freight facilities and authorizing extensive improvements. President Finley to determine future rate details.
A brief item discusses the issue of acquiring extra rolling stock. It notes considerations of cost, funding sources, and projected need for expanded service, with emphasis on decisions pending by the responsible board.
A list of declared dividends includes Southern By. Co. 1 percent preferred April 24 to stock of record April 1. Great Northern Ore Co. 50 cents March 15 to record March 15. Boston Woven Hose & Rubber Co. $2.59 quarterly common to March 15/record March 4. Massachusetts Bonding & Insurance Co. 3 percent semi annual to Feb 23. Blackstone Valley Gas & Electric Co. $1.50 quarterly preferred to Feb 2. New York New Haven Hartford R. R. Co. 2 percent to March 31 and March 15. General Chemical Co. 1.5 percent preferred to March 21. Laclede Gas Co. 1.25 percent common to March 1. McKinley Darragh Savage Mines Co. 3 percent quarterly and 12 percent extra to March 10.
Franklin February 17 Two storehouses at the American Felt Company plant burned today with their contents. Loss estimated at 20000 to 25000 dollars. Property destroyed mainly felt stock and manufactured goods. Cause of the fire not known.
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