Copper Lode Found At South Lake Shaft Depths
South Lake shaft at 172 feet cut a third amygdaloid lode bearing copper. shaft remains in lode at 178 feet. Davis Daly on 1900 level shows a strike. crosscut five feet into ore grading about 8 per cent copper and 12 ounces silver. Johnson Case Hanson form new firm. Johnson trades on NY and Boston exchanges. Charles Head Co. close Toronto Hamilton branches. Gay Sturgis posts copper price comparisons with 1911 profits and latest market values.
MENTIONED IN THIS ARTICLE
South Lake
Davis Daly
Gay & Sturgis
Milk Street
Calumet & Hecla
Local Bank Statements Compare Weekly Reserves
The weekly local bank statements show a comparison with the prior week and reveal the surplus reserve for the corresponding periods of the previous ten years in Boston and New York. The report outlines changes in deposits cash holdings and reserve levels across the two cities.
MENTIONED IN THIS ARTICLE
Boston
New York
Hampden Railroad seeks 2.5 million 30 year mortgage bonds
The Hampden Railroad Company petitions the Railroad Commission for authority to issue 2.5 million dollars of 30 year bonds at 6 percent coupon. This replaces a prior petition for 2.5 million dollars of 0 year 6 percent plain bonds.
MENTIONED IN THIS ARTICLE
Hampden Railroad Company
Railroad Commission
El Paso Electric Declares Preferred Dividend No 21
El Paso Texas based El Paso Electric Company declares a semi annual dividend of 3.00 per share on its preferred stock for holders of record at the close of business January 13 1913. Transfer Agent Webster & Company.
MENTIONED IN THIS ARTICLE
el Paso Electric
el Paso
Texas
Webster
Supreme Court ruling shakes Union Pacific stock
Supreme Court surprises operators with adverse decision affecting the union’s ownership of Southern Pacific stock. Beet sugar climbs to 384 as market responds while copper shares dip on light trading amid current-movement concerns.
MENTIONED IN THIS ARTICLE
Supreme Court
Union
Southern Pacific
Union Pacific
Wickersham
Union Pacific Management
Union Pacific Company
American Tobacco
Standard Oif
Southern
Market report of yesterday's trading by city and issue
NY and Boston market totals show New York selling 335100 shares and Boston 17817. Union Pacific and Butte & Superior led activity in NY and Boston respectively. Year to date and year-ago figures are given with notable gains for Vulcan Detining pref and Union Pacific and losses for Wells Fargo Express and Calumet & Hecla. Call and time money rates in NY and Boston are listed.
MENTIONED IN THIS ARTICLE
New York
Boston
Union Pacific
Butte & Superior
Vulcan Detiining Pref
Wells Fargo Express
Calumet & Hecla
Stock Market Slumps After Supreme Court Ruling on Union Pacific
The New York market opened firm but grew bearish as the Supreme Court rejected Union Pacific's Southern Pacific stock distribution plan. UP rose early then sank over 4 points after the ruling, with Southern Pacific also falling. Reading and Northern Pacific showed strength while steel and petroleum shares weakened. Bond sales totaled 2.55 million par value with little change in U S bonds.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Supreme Court
Union Pacific
Southern Pacific
Reading
Northern Pacific
United States
Boston Market Stocks Drift Lower in Sluggish Session
Boston prices tracked New York with copper and industrial shares slipping. Amalgamated, Steel common, Butte & Superior, Granby and North Butte declined, dragging the list down as demand waned. Boston Elevated rights traded 65 to 7 cents, closing around 70 amid light floor participation and a total of 17 817 shares.
MENTIONED IN THIS ARTICLE
Boston
New York
Metropolitan Board
Amalgamated
Steel Common
Butte & Superior
Granby
North Butte
Boston H
China
T&t
Central Vt
Bos & Corbin
West T & T
Allouez
Algomah
Ag Chem
Tel & Tel
Arizona
Bos & Albany
Bos & Maine
Bos
Butte Ball Cal & Arizona
East Butte
Hl Frac Roux Eee Nanne
Granby Sheen Eee
Gt North Rts
Greene Can Seene
Hancock Ee
Helvetia Weet Ewe
Ib Island
Sreek Pf
Yale
Lake C
Mason Wiley
Ssny& NH
Santa Fe
Shannon
Torrington
United Shoe UN Shoe
U S
Utah Consol
Utah Cop Co
Victoria
New York Stocks Gain on Short Covering Amid Limited Offerings
Good commission house buying and liberal short covering lifted stocks with weak offerings, led by wheat and corn. World wheat shipments matched expectations while foreign markets showed little change. London peace conference rupture sparked some buying. Paris and Amsterdam mixed. Minneapolis and Duluth receipts cited. export sales included 240,000 wheat.
MENTIONED IN THIS ARTICLE
Commission House
Paris
Liverpool
Antwerp
Berlin
Minneapolis
Duluth
Chicago
Cotton futures slide after Supreme Court ruling
Cotton futures fell sharply after the Supreme Court upheld the government in the cotton corner case against James A. Patten. All options dropped about 25 points from last week's close with January, March, and May contracts down before a brief rally. Traders speculated some major operators liquidated holdings while bearish articles fueled selling pressure.
MENTIONED IN THIS ARTICLE
Supreme Court
James A. Patten
Boston curb prices show mixed metals trading
Prices on yesterday's Boston curb reflected a reactionary tone with moderate volume. Mexican Metals slipped from 8 9-16 to 3 1-8, Smokey Development held around 8 8-8 to 8 1-2, with Majestic First National Bay State Gas Butte Central and Alaska Gold among leading features. Details follow.
MENTIONED IN THIS ARTICLE
Majestic
First National
Bay State Gas
Butte Central
Alaska Gold
Franklin Savings Bank elects Baldwin president at annual meeting
Charles H. Baldwin was chosen president succeeding J Homer Pierce who remains on the board of investment and becomes vice president. Baldwin, manager of the National Water Company for over 20 years, also joins the board of trustees along with several new members. Treasurer Sturgis reports deposits of 15 696 000 and a 614 percent gain for the 1912 calendar year.
MENTIONED IN THIS ARTICLE
Franklin Savings Bank
Charles H. Baldwin
J. Homer Pierce
James E. Whitney
Pierce
Board of Investment
National Water Company
George 8. Baldwin
Edward i. Bradlee
Herbert Lyman
Howard K. Brown
Albert P. Carter
Frank A. Dewick
Charles D. Keyes
Harry D. Priest
Henry 8. Shaw, Jr
Solomon P. Stratton
Nathaniel N. Thayer
Edward B. Williams
Sturgis
Atkinson President Answers Rail Route and Policy Questions
President Ripley of the Atchison, Topeka and Santa Fe discusses double track progress toward Chicago to Los Angeles by spring, government relations with railroads, and regulatory contrasts. He attributes government regulation as both beneficial and detrimental, citing political interference and the need for informed decisions.
MENTIONED IN THIS ARTICLE
Ripley
Atkinson
Atchison, Topeka & Santa Fe Railroad
The
Post
Chicago
Los Angeles
Western Railroad
Atchison Company
Bond Market Tone Shifts Amid Varied Credit Yields
The market lists numerous corporate and utility bonds with mixed yields from Pacific T & T to National Tube and NY Central. Prices show broad activity with some issues near par while others trade at premiums, reflecting varied credit standings and demand.
Dividends Payable Today On Various Companies
Calendar notes dividends payable for British American Tobacco Germantown Pass Ry National Licorice Pitts Fort Wayne Chicago Lehigh Valley Coal Sales Joliet Chicago Tampa Electric and Brooklyn Rapid Transit. Books open or closes announced for several lines with ex dividend dates.
MENTIONED IN THIS ARTICLE
Germantown Pass
Nat’l Licorice. Com
Pitts., Ft. W. & Chic., Ltd
Ry. Joliet
Chicago
Tampa Electric
Mtg
Money markets ease as year opens with heavy currency flow
The new week opens with easier monetary conditions as currency pours from the middle and far West into New York. Year-end surplus reserves doubled, adding 14.781 million to reach a first week annual record, with call money around 3 percent and six month funds quoted near 4.5 to 6 percent in a wide rate spread.
MENTIONED IN THIS ARTICLE
New York
Far West
New York Funds
Eneseessmeareers
Boston Clearings
Boston
Radio Ye Ea Bankers’ Sterling Senses
Ceeeestmeravess
Boynton Faction To Quit Church Over Parish Split
The Park and Downs Congregational Church in Wollaston faces a dispute after Chester A. Boynton sued pastor Rev William B. Ayres for alienation of his wife's affections. Members report the Boynton faction will withdraw from the church to settle the division.
MENTIONED IN THIS ARTICLE
Park and Downs
Wollaston
Chester A. Boynton
William B. Ayres
Boynton
Chirch
Boynton Seeks Letter to Jo in Revere Church
Word spread that Mr Boynton now in Revere will apply for a church letter to join the Revere Congregational Church he formerly attended. He remains suspended for six months for accusing the pastor, a suspension extended indefinitely by the standing committee. Some expect a favorable vote for his return while many followers have already withdrawn or begun attending other churches.
MENTIONED IN THIS ARTICLE
Park and Downs Church
Boynton
Revere
N. S. Stuart
George L. Colburn
Mr. Boynton
Man Hit by Car in Roxbury Hurts Head and Arm
Roland Butler, 39, of 579 Dudley Street, is in City Hospital in serious condition with a gashed head and a fractured right arm after being struck by an automobile on Seaver Street Roxbury late last night.
MENTIONED IN THIS ARTICLE
Roland Butler
Dudley Street
City Hospital
Seaver Street
Roxbury
Prospects for extra dividends at United Fruit teased
The Boston Post previews a special financial page article on United Fruit Company, noting four years of 10 percent stock dividends plus 8 percent cash, stock prices near 200, and a 150 stock subscription in 1912. Analysts flag uncertainty about future extra dividends and promise detailed analysis tomorrow.
MENTIONED IN THIS ARTICLE
United Fruit Company
Boston Post
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