Prices Show Effect of Bullish Aggression in Stock Markets
Total sales New York 295 300 shares Boston 24 016 shares Most active issue in New York Reading 28 500 shares Most active issue in Boston Butte & Superior 4575 shares Total sales Jan 1 1913 to date New York 1 789 000 Boston 153 810 Corresponding period last year New York 2 832 600 Boston 385 405 Greatest gain in New York list American Tobacco 3% to 288% Greatest loss in New York list P C C & St L 2% to 103 Greatest gain in Boston list Calumet & Hecla 5 to 525 Greatest loss in Boston list Union Pacific Btd 33% to 90 Call money New York 2% to 3 per cent Boston 5 to 5% Time money New York 3 44 to 4 per cent Boston 5 to 5% per cent
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Butte & Superior
American Tobacco
Calumet & Hecla
Union Pacific Btd
Call Money
Time Money
New York Stocks Rise on Broad Market Upswing
Stocks advanced despite a dull mood with gains of 1 to 3 points in many issues. Copper led strength as petroleum and rubber hit records. Baltimore and Ohio announced a 64 million convertible bond issue fueling optimism for further offerings and a relaxed money market with sub 3 percent call loans.
MENTIONED IN THIS ARTICLE
New York
Baltimore & Ohio
United States
Local Market Shows Bullish Open With Page One Gains
The Boston market on January 9 opened bullish with gains in Granby Amalgamated and North Butte while Butte and Superior weakened. Traders blamed overstated ore recovery figures for the decline and remained hopeful on overall metal demand as exports outpaced domestic deliveries. Elevated rights remained active with prices near 70 cents and the session closed with irregular tone.
MENTIONED IN THIS ARTICLE
Boston
Granby
Amalgamated
North Butte
Butte & Superior
Europe
Trinity
Boston curb drives Alaska Gold to new high record
Alaska Gold and Mexican Metals led gains in yesterday's curb prices with Alaska Gold hitting 147-8, a new peak over the prior year’s 143-4. Mexican Metals touched 3 1-4 but settled near 1-16, while Majestic Copper and several other issues like Butte & London and Calaveras drew interest as traders watched fluctuating quotes.
MENTIONED IN THIS ARTICLE
Alaska
Majestic Copper
Butte & London
Lion Hill
Nevada
Douglas
Calaveras
First National
New York Curb Bonds Prices Then and Now
The record shows New York curb bonds with a 1,000 Braden Cop 7s trading around 205 and 205, and Chicago Breu 5s at 98 percent. West Pacific 5s quoted at 87, with $5,000 notes noted and ongoing percentage readings.
Money Markets Hold Easy Tone as Call Funds Rise
Call funds in New York showed stronger demand with most business at 23-4 percent. Time funds offered at 4 to 41-4 percent for 6 and 90 days and four months 41-4 percent. For five and six months money, bids eased to 41-4 percent with notable activity at that level. Local money rates and foreign exchange quotations followed.
MENTIONED IN THIS ARTICLE
New York
Cotton Markets See Decline Amid Ginners Report
The market shows a downward trend with a stubborn tone after an early break tied to a ginners report. The aggregate data suggests 1,400,000 bales fewer ginned by Jan 1 than last year, with little prospect of adding more than 1,200,000 bales to the commercial crop in the next eight months, implying a season total just over 14,000,000 bales.
Dorchester Trust Co Reelects Directors At Annual Meeting
At the Dorchester Trust Co annual stockholders meeting the following directors were reelected: H. G. Albright Simon Bernard C. E. Cobe W. W. Carson M. A. Daniel Joseph Engel L. J. Fos dick G. A. Ham F. C. Ingalls BB. T. MacKnight J. F. Morse O. J. Saxe W. N. Sherman F. L. Andrews F. W. Connolley N. D. Freeman G. W. Harvey H. A. Rhodes H. B. Sprague and Patrick H. Cauley. C. A. Woodsome did not seek reelection.
MENTIONED IN THIS ARTICLE
The
Dorchester Trust Company
H. G. Albright
Simon Bernard
C. E. Cobe
W. W. Carson
M. A. Daniel
Joseph Engel
L. J. Fosdick
G. A. Ham
F. C. Ingalls
BB. T. MacKnight
J. F. Morse
O. J. Saxe
W. N. Sherman
F. L. Andrews
F. W. Connolley
N. D. Freeman
G. W. Harvey
H. A. Rhodes
H. B. Sprague
Patrick H. Cauley
C. A. Woodsome
Baltimore & Ohio to issue long term bonds to replace short term notes
The Baltimore & Ohio Railroad plans a 200 million dollar convertible bond issue to fund redemptions of 50 million short term notes due June 1 1913 and 10 million notes outstanding with 1 million maturing annually. Earnings for five months in 1912 rose 12 percent gross and 9 percent net after taxes over 1911.
MENTIONED IN THIS ARTICLE
Baltimore & Ohio Railroad Company
Baltimore & Ohio
Bond Market Closes Mixed Amid Wide Issue Range
The report shows varied bond prices including Chino Goppers 6s and several U.S. issues with yields around 59 to 105 percent. Notable entries include Jap 2d and Pacific 4s, with prices fluctuating and several government and corporate bonds cited alongside trading totals and sector references.
Kansas City Terminal Ry Bond Offering
A banking syndicate including Lee Higginson & Co J P Morgan Co and Illinois Trust & Savings Bank will open subscription books next Monday at 10 for 10 million dollars of Kansas City Terminal Railway first mortgage 4 percent bonds. Last Tuesday six million was offered in London and oversubscribed.
MENTIONED IN THIS ARTICLE
Lee, Higginson & Co
J. P. Morgan & Co
Illinois Trust & Savings Bank
Kansas City Terminal Railway Company
London
Atchion
Topeka & Santa Fe
Chicago & Alton
Chicago
Burlington & Quincy
Chicago Great Western
Milwaukee & St. Paul
Rock Island
Kansas City
Union Station
Union Depot Company
Kansas City Belt Railway Company
New York Stock Exchange
Metal Markets Report From Copper and Tin Prices Decline
Metal Exchange shows copper weak with wide bid and ask gaps. Tin falls in bid and asks, five tons of January delivery sold at 50.8734. Lead and spelter steady, other metals mixed with European quotes and London prices noted.
MENTIONED IN THIS ARTICLE
Cookson
London
BOND MARKET NOTES Melrose loan awarded for city projects
Melrose Massachusetts awarded a temporary loan of 30000 dollars maturing October 17 1918 to Worcester North Savings Institution of Fitchburg at four and ten tenth percent discount plus sixty cents premium. Other bidders listed. Rochester New York firms to open bids January 14 at 2 p m for six million one hundred seventy nine thousand dollars of twenty year registered bonds in five thousand dollar denominations funding local improvements water sewage disposal expansion park and railroad refinancing.
MENTIONED IN THIS ARTICLE
Melrose
Mass
Worcester North Savings Institution of
Fitchburg
C. D. Parker & Co., Inc
Rochester
N. Y
Rochester and State Ling
City plans large park and incinerating plant bonds
City issues total 5 659 000 dated Jan 15 1913 due Jan 1 1933 and 520 000 dated Feb 1 1918 due Feb 1 1938. 350 000 five month notes awarded to Bond and Goodwin. Salem bids due Jan 11 for 100 000 temporary loan maturing Oct 17. Baltimore and Ohio to issue about 64 000 000 convertible bonds at 4 1 2 percent for 20 years convertible into stock at 110. Notes underwritten by Speyer and Kuhn Loeb.
MENTIONED IN THIS ARTICLE
Bond & Goodwin
Salem
Mass
Baltimore & Ohio
Speyer & Co
Kuhn, Loeb & Co
Grain Markets Rise Amid Strong Wheat Demand
The market shows vigorous activity with oversold conditions easing as a buying surge focuses on wheat, noted for steady growth over the past week. Outside gains appear modest with corn near highs and oats climbing, while notes mention non taxable Massachusetts items and a July 1 exchangeable receipt for 6 percent preferred stock.
Official changes in Harris organization
Albert W. Harris becomes president succeeding his father N W Harris who moves to chairman of the board succeeding A G Farr who becomes vice president and chairman of the executive committee James Simpson vice president of Marshall Field Co added to the directorate.
MENTIONED IN THIS ARTICLE
Harris
Albert W. Harris
Harris Trust & Savings Bank of Chicago
N. W. Harris
A. G. Farr
James Simpson
Marshall Field & Co
Liggett Named Director of American Trust Company
Louis K. Liggett president of the United Drug Company was chosen a director at a stockholders meeting yesterday. Employees of the American Trust Company received a substantial gratuity with a note of appreciation from President R. G. Fessenden.
MENTIONED IN THIS ARTICLE
L.K. Liggett
AM. Trust
American Trust Company
Louis K. Liggett
United Drug Company
R. G. Fessenden
Mining firm reports earnings and copper cost data
Ahmeek Mining Company shows 1911 results with estimated net earnings of 1.52 million dollars and total cost per pound of copper at 7.87 cents. Production reached 16,476,000 pounds. Majestic Company ships four cars this month with seven awaiting shipment. 89 of 54 cars already reported for December. Turner Tucker & Co opens Chicago office. Ruggles issues 1912 stock fluctuations compilation with prices, dividends, and bond data.
MENTIONED IN THIS ARTICLE
Woolworth Co
F. W. Woolworth Company
Steel Trust
Woolworth
Ahmeek Mining Company
Majestic Company
Dividends Declared By Major Firms This Quarter
National Carbon Company declares regular quarterly 13 4 percent preferred dividends payable February 15 to holders of record February 4. F. W. Woolworth Company declares regular quarterly 1 percent common dividends payable March 1 to holders of record February 10. Chicago St Paul Minneapolis Omaha Railway declares regular semi annual 3 1 2 percent dividends payable February 20 to record February 3. Julius Kayser Co declares regular quarterly 13 4 percent first and second preferred dividends payable February 1 to record January 20.
MENTIONED IN THIS ARTICLE
National Carbon Company
F. W. Woolworth Company
Chicago, St. Paul, Minneapolis & Omaha Railway Company
Julius Kayser & Co
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Bs&f
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Adpress Transcontinental Townsite Co., Ltd
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