Market totals and leaders in New York and Boston
Summary of stock activity with total shares traded in New York and Boston, most active issues, changes from prior year, and notable gains and losses. Also notes call and time money rates in both markets and includes footnotes on extra dividends and par values.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
North Butte Mining
New_York
Maryland
Woolworth Common
N. E. Tel. & Tel
Calumet & Hecla
Copper Shares Slide as Stocks Show Uncertain Mood
New York market shows dull activity with copper stock on hand rising by more than 19 million pounds. Steel dips while selective issues like petroleum and rubber gain strength. Gold exports rise with another $1,000,000 engaged abroad. Bond market irregular. total sales at par $2.735 million.
MENTIONED IN THIS ARTICLE
New York
Maryland
United States
Mexican Metals Leads Boston Curb Market as Prices Slide
Mexican Metals opened at 31-8 to 338-16 and closed at 27-8, while Nevada Douglas dipped to 238-4 and finished at 31-8. Alaska Gold fell to 137-8, Butte & London dropped to 34 cents, Smokey Development slipped, and First National Copper eased to 21-8 amid broad market declines. Detailed price fluctuations and total sales follow.
MENTIONED IN THIS ARTICLE
Mexican Metals
Nevada
Douglas
Alaska Gold
Butte & London
Smokey Development
First National Copper
Butte Central
Public Service Investment declares dividends on preferred and common stock
Public Service Investment announces a $1.50 per share preferred dividend and a $2.00 per share semi annual common dividend payable February 1 1913 to stockholders of record January 18 1913. Stone and Webster transfer agents.
MENTIONED IN THIS ARTICLE
Stone & Webster
Edison Electric Illumination Company Dividend No 85
Edison Electric Illumination Company of Boston declares a dividend of three percent payable February 1 1913 to stockholders of record January 15 1913. Thomas K Cummins treasurer Boston announces January 8 1913. Also notes Westinghouse & Manufacturing Company December 20 1912 and a quarterly dividend of 1 3/4 percent on preferred stock payable January 15 1913 to holders of record December 31 1912 paid by T W Simmon treasurer.
MENTIONED IN THIS ARTICLE
Edison Electric Illumination Company OF
Boston
Thomas K. Cummins
Westinghouse & Manufacturing Company
New York
T. W. Sibmon
Western Maryland
Western Maryland Railway Company
Old Western Maryland Railway
Pittsburg
Baltimore
West Virginia
Copper Producers' Association Reports Surplus Increase and Market Recoil
The Copper Producers' Association issued a report showing a 19,000,000 pound rise in surplus, sparking a selling wave and price recessions. Observers note weak stockholder appreciation of copper's intrinsic strength despite rising consumption and record production from new porphyry mines.
MENTIONED IN THIS ARTICLE
Boston
Copper Producers’ Association
Association
State Street Topics Market Irregular and Dull
The market shows irregular trading with a tilt toward gains yet average daily volume stays below 600,000 shares since December 20. Copper shares slump on poor news while weak names like Beet Sugar and Western Maryland rebound on oversold theories amid easy money.
MENTIONED IN THIS ARTICLE
Maryland
Bears
Grain Markets Show Mixed Close Amid Limited Outside News
Wire service reports a subdued trading day with scarce price moves and an underlying selling pressure when communications were cut. Wheat fluctuated early, then finished modestly higher. corn and oats mostly steady. Foreign markets were down or unchanged. Minneapolis and Duluth receipts rose year over year. export sales totaled 200,000 wheat and 160,000 corn with regional grain types noted.
MENTIONED IN THIS ARTICLE
Liverpool
Paris
Minneapolis
Duluth
Chicago
Manitoba
Durham
Money Markets Show Inflow and Foreign Exchange Strength
Money pours into New York from interior points while foreign exchange firm. An easier money rate and moderate export of gold to foreign centers noted, aided by a $2,000,000 transfer in connection with the Credit Fencier loan. Banks gain from the Sub Treasury. New York call rates at 234 to 8 percent. Sixty-day to six months funds 4 to 412 percent. Current rates and exchange quotations listed.
MENTIONED IN THIS ARTICLE
New York
Credit Fencier
Sub- Treasury
Cotton Markets Show Hesitation Amid Strong Liverpool Tone
In Liverpool spot sales reached 14 000 bales and demand appeared generally good, while the local market stayed hesitant and often declined. Traders bearish on sentiment note the market remains in the hands of powerful interests with potential upside if bulls persist, as the census on ginned cotton up to Jan 1 due tomorrow is expected near 12.9 million bales versus 12.439 million by Dec 18.
MENTIONED IN THIS ARTICLE
Liverpool
Bond market notes and loan bids from Melrose and Midwest issuances
Melrose Massachusetts will take bids January 9 for a temporary 90090 loan maturing October 17 1918. Hayden Miller and Otis have bought 2460000 in Wheeling and Lake Erie equipment trust and receivers certificates. A 6000000 Kansas City Terminal first mortgage four percent bond issue was oversubscribed in London yesterday. remaining 4000000 will be offered in the United States. The Boston and Lowell Railroad seeks authority to issue 1000000 nine year refunding bonds at 4 1/2 percent to retire bonds due February 1913.
MENTIONED IN THIS ARTICLE
Fuso Committee
J. P. Morgan & Co
United States Steel Corporation
Hayden, Miller & Co
Otis & Co
Wheeling & Lake Erie Co
Kansas City
London
Higginson & Co
Morgan, Greafe) & Co
Lee, Higginson & Co
Illinois Trust & Savings Bank of Chicago
Boston & Lowell R. R. Corporation
Railroad Commission
Metal markets show quiet trading on copper and zinc steadiness
The metal exchange reports a quiet session with copper unchanged and tin firm, while lead and spelter hold steady. London market notes copper at £81 10s and tin futures modestly higher with mixed spot and sales.
MENTIONED IN THIS ARTICLE
Shah
Cookson
London
Fens
The Gold Ship tale in Next Sun Day's Post Magazine
Herbert Wyndham-Gittens writes a fine short story titled The Gold Ship for Next Sun day’s Post Magazine, presented as a literary feature in the periodical.
MENTIONED IN THIS ARTICLE
Herbert Wyndham-Gittens
Post
Comptroller Murray Testifies on National Bank Act Weaknesses
Comptroller of the Currency Lawrence O. Murray told the House Money Trust Committee the national banking laws are ineffective and inadequate. He spent over three hours under questioning by Samuel Untermyer and agreed with many criticisms of the act.
MENTIONED IN THIS ARTICLE
Washington
House Money Trust Committee
Currency
Lawrence O. Murray
Murray
Samuel Untermyer
National Bank Act
Untermyer
Bankers Face Scrutiny In Washington Hearings
President Taft appointees and figures like George F. Baker James Stillman and J P Morgan stand under examination as the committee probes banking ties and practices. Comptroller Murray criticizes banking officers accepting personal compensation and calls for charter scrutiny and stockholder publicity.
MENTIONED IN THIS ARTICLE
Mr. Murray
Taft
George F. Baker
First National Bank of New York
Untermyer
James Stillman
J P. Morgan
Wall Street
Baker
Washington
Fisher A. Baker
John C. Spooner
Murray
First National Bank
First Securities Company
National City Bank
National City Company
Mr. Untermyer
Bonynge Attacks Banking System at Massachusetts Banquet
Hon. Robert W. Bonynge of the Congressional Monetary Commission criticizes the banking system as a panic breeder at the Massachusetts Bankers Association dinner in Boston. He calls for a cooperative system with government supervised reserve funds and cites reserves of 1.6 billion dollars as a weakness under stress.
MENTIONED IN THIS ARTICLE
Robert W. Bonynge
Congressional Monetary Commission
Massachusetts Bankers’ Association
Copley Plaza
Wall Street
Second National Bank Re-elects Directors at Annual Meeting
The Second National Bank held its annual meeting and re-elected directors Edwin F. Atk ins Ezra H. Baker Walter C. Baylies Thomas P. Beal and others. Two new members joined: Lester Leland of United States Rubber and John E. Liggett of Augusta Maine. President Thomas P. Beal marks 25 years leading the bank.
MENTIONED IN THIS ARTICLE
Second National Bank
Edwin F. Atkins
Ezra H. Baker
Walter C. Baylies
Thomas P. Beal
Thomas P. Beal, Jr
Henry B. Day
Charles F. Fairbanks
Edward W. Hutchins
John S. Lawrence
Edward Lovering
Augustus P. Loring
Wallace L. Pierce
James M. Prendergast
Neal Rantoul
Jacob W. Seaver
Ucius Tuttle
Lester Leland
United States Rubber Company
John E. Liggett
Augusta
Maine Central
State Trust Company
Liggett
American Trust Company
Second National
Maine Central Stockholder Vote Grants 25 Million Capital Increase
Maine Central Railroad stockholders approved increasing capital stock to 25 million dollars to support an additional 10 million dollar issue. Each record holder as of January 8 may subscribe by February 15 1913 at two new shares for every three held at 100 dollars per share. Rights may be assigned and payments are scheduled through January 1 1914 with options for full payment earlier.
MENTIONED IN THIS ARTICLE
Maine Central
Maine Central Railroad Company
Continental Gas & Electric 5% Bonds Offered
P W Brooks & Co offers an issue of 950000 Continental Gas & Electric first lien sinking fund 6 percent bonds. The company owns utilities in Beatrice and Plattsmouth Nebraska as well as York Beatrice Red Oak and Shenandoah Iowa plants. A large portion of the issue has already sold.
MENTIONED IN THIS ARTICLE
Continental Gas & Electric
P. W. Brooks & Co
State Street
Continental Gas & Electric Corporation
Continental Company
Gage County Gas Light & Power Company
Beatrice
Neb
Plattsmouth
City of
York
Red Oak
Iowa
Shenandoah
Proposals for Supplies for Metropolitan Water and Sewerage Board
Commonwealth of Massachusetts Metropolitan Water and Sewerage Board invites proposals at 1 Ashburton Place Boston until Jan 18 1918 noon for supplies including engine oil cylinder oils greases soaps pneumatic tires for nine motor cars with approximate quantities and specifications available at the board office. The board may reject any proposal and choose the best for the Commonwealth.
MENTIONED IN THIS ARTICLE
Commonwealth OF Massachusetts
Metropolitan Water and Sewerage Board
the Board
Ashburton Place
Boston
Metropolitan Water and Sewerage Works
Commonwealth
Henry H. Sprague
Henry P. Walcott
James A. Bailey
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Oswego & Syracus
Otis H Elevator
Pacific Mills
Pere Marquette
Stafford Mills
Utica, Chenango & Sus
Vally
Waltham Watch
Wamcutta Mills
É& R
T&s. Ji
Bagtiwin Loco
Ohio Powenee
Hho Steel of
Osh
Lyn R T Steee
Sae
Erie
P&ssm
Ewer
Mo Pacific
Nat Biscuit Pf
Yo&w
Or & West
Ac T&t Etter
Pitta Coal Pf
Conscien
Utah Co
W & L Ie
Woolworth
Woolworth Pf
West Union
Boston Stocks
Jan An
U S Steel
West T & T
Ahmeek Eeee
Allouez Serra Wees
Amalgamated
M Ag Chem
Ag Ch Pf
Tae
AtlGulf Pf
Bos
Boston & Corbin
Butte Ballak
Butte & Sup
Cal & Arizona
Cal & Hecla
Chino
Cum Co P& L Pf
East Boston
East Butte
Edison Elec
Franklin
Giroux
Indiana
Isle Royale
North
Atte
Old Colony
Old Dominion
Torrington
Bes
Torrington Pf
Trinity Sonar
Union Pac
United Fruit
United Shoe
UN Shoe
Steel Pfeee
Utah Consol
Utah Cop Co
West Enteee
West End Pf
Winona Eeeennee
Wolverine Serene
Wyandot Weeeeee
Alaska
Bay State
Cortes
Davis Daly
Germany
United Verde
Yukon
Buckeye
E. Carl H. Pforzheimer
Milk
Mass
Public Service Investment Company
Adirondack el Power
Fener
Ucevleoh Invest Bee's
Arican
Arngton Millis
K & “Wilcox
Borden's
Boston Belting Co
Columbian Nat Life Ins
Charlestown
Ms & Elec
Detroit Hadi
Douglas Shoeys
Draper Mfg
Irst
Nat Bank
Nbypt
Aipacn
Itch & Leominster Bt Ry
Great Falls Mfg Co
Eg Carpet
Marconi
Consol
el Paso
Kily Consolidated
Ll Giroux
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Manhatttan
Mason Valley
McKinney Carr
Nevada Hills
Nipissing
Ant
Stewart
United Cigar Star
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West Pacific
Money Trust
Europe
Calumet & Hecla Mining Company
Bigelow
Jong
Colon
Mit
Texas
DS Fuads
Gantes
Elec
Lon Inc
Jay
Couper
Seeeree
Cuba
Oiracds
Distil 8 Corp
Nyw&bos
Oranens Lee
Great Nor
Tale City
Cullen LY
Biscay
Sinties
Trecks Steel
Indiana Stee
T & T Col
Tobacco
Intbo
Rio
Gulf
Kan City
Pm&m
Balt&o
Balt & O Pitts Lake
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Jeab Air Line
Beth Steel
Briss
Eeeree Liggett & M
Bo Pacific
L&n
M&m
St Rygold
Trust
O Cfs
Minn & St L
Fania
L & West
Cc & Alton
Tri
City
Cc B & A
Union Pac i
C & Gt West
Nyc
Power Co
Wabash
Tr Co
Seeees
Wabash 2d
Sipm&om
Wabash Det
Chino Copper
Western
West Shore
Jan Jevdeee
Jan Deeseees Ic
St. Louis
Toledo
Detroit
Eee Cooecee Ll
Money Markets
Eee Eee
Sae Ee
Melrose
Metal Markets
Chicago Market
Peter
Chicago Title & Trust
Iiereeetn
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Hart S & Mark
National Carbon
Swift & Co . Berrie
United
West Stone
Armour
Edison
Chicago City Railways
Morris
Sresevees
Ogden Gas Pneumatic Tool BS
Esecereacasee Ae
South Side
Philadelphia Market
Ask Phila Go
Gn T
Hunt In T
J&seash
O Pp
Hl& Oo
Boy Lk Bup
Ind Rrgis
Do Inc
Rys Col
Lc&n Stk
PC M&cis
PhEtr c
Leb Val
Do 4S
Penn Steel
Welsh Ois
Do Poe Oo
Nebraska
Philadelphia
Comptroller of Currency
Witness In Trust
Second National Bank Annual Meeting
Samteloratite
Peter T. Costello
Suffolk
Pers
Elizabeth H. Costello
Admx
Gardner St
W. Roxbury
Evelyn May Conant
Harry W. Conant
Atkingon Law Offices
Beacon Et
Albeh’'S
Hanover St
She, Baker & CO
Portland
A. Lowenstein & Sons
Washington St
Tel
Tremont
Pleusehold
Ught
Wesley
Burroughs Pl
Des
Albew's
Gates
M. Weiner
Portland St
Hanover
B. Spizer
Green St
Jay St
Cambridge
Central Vet
Broadway
Somerville