Massachusetts Eyes Blue Sky Law Regulating Securities
Arthur B. Chapin advocates a Kansas style Blue Sky law in Massachusetts to license security vendors and curb fraudulent promoters. A legislative committee has reviewed bills with input from the Massachusetts Real Estate Exchange and a committee led by W. J. McDonald. The aim is investor protection without excessive detail or burden on reputable investment bankers.
MENTIONED IN THIS ARTICLE
Arthur B. Chapin
American Trust Company
Boston
Massachusetts
Kansas
Commonwealth
Massachusetts Real Estate Exchange
W. J. McDonald
George W. Anderson
Charles H. Innes
Innes& Turtle
John H. Fahey
W. H. Lyon
Investment Bankers’ Association of America
New York City
We. W. Briggs
E. H. Rollins & Sons
KE. IF. Fader
Exchange Trust Company of
Thomas Ek. P. Wilson
Lynn
Commonwealth of Massachusetts
Kansas City Terminal Bonds All Sold
Lee Higginson Co announces the 10 million dollar issue of 4 percent first mortgage bonds for the Kansas City Terminal Railway Company. Subscription books opened at 10 a.m. yesterday and were immediately closed, oversubscribed.
Stock market report of New York and Boston yesterday
Total sales in New York 500500 shares and Boston 51743 shares. Most active issue in New York steel common 120300 shares. Most active issue in Boston Butte and Superior 8551 shares. Call money New York 2 3-4 to 3 percent. Boston 4 1-2 to 5 percent. Time money New York 4 to 4 1-2 percent. Boston 5 to 5 1-4 percent.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Butte & Superior
N. J
Del
Lack. & West
McElwain
Connecticut River
New York Stocks Fall Broadly on Bearish Market Mood
Quotes declined across the board with losses of two to four points as trading rose. Investors cited President-elect Wilsons Chicago speech and banking remarks, while copper and coal stocks led the downturn. Union Pacific and Southern Pacific moved with the market as bonds sagged.
Money Markets Show Easy Money and Higher Bank Loans
The New York money market remains very easy as bank lending expands. The New York bank statement records a $60,000,000 loan increase, nearly double last year’s figure, with year to date gains outpacing 1924. Call rates stood at 2 1 2 percent, with term money from 60 days to six months quoted around 4 to 4 1 2 percent.
MENTIONED IN THIS ARTICLE
New York
Pehless
Boston Clearings
Boston
Bankers’ Sterling
Teewee
Reichsmarks
Copper stocks plunge as London prices drop in mid January
In Boston the copper market opens weak and declines sharply as London G M B copper slips to £72 5s 3d amid a long downturn since January 2. Domestic prices fall to 171 2 to 173 8 cents. total trading for the day reaches 51,473 shares with a weak close.
MENTIONED IN THIS ARTICLE
Boston
London
New York
Curb Market Mixed as Metals See Price Swings
Boston curb market showed modest activity with Utah Metals and Alaska Gold leading volume. Utah Metals fell from 80 to 40 cents, hit a new low, then recovered to 80 cents as dealers watched the erratic moves and detailed fluctuations.
MENTIONED IN THIS ARTICLE
Utah Metals
Alaska Gold
Butte Central
New York Curb $6,000 Braden Cop Gs 175 175 170 170 6,000
The record shows a six thousand dollar amount tied to Braden Cop and sequence codes 175 175 170 170 with percentage figures 87 percent related to West Pace 5s and 8ST.
Bank Statement Compares Weekly Reserves in Boston and New York
The weekly local bank statement compares current figures with last week and shows the surplus reserve for the same periods over the previous ten years in Boston and New York.
MENTIONED IN THIS ARTICLE
Boston
New York
Metal Markets Slip as Copper Weakens and Tin Rises
Copper prices weakened with spot bids off and January contracts down about a cent, while February and March fell about 44 cents. Tin showed a slight advance in bids, with a 5 point rise but asks down 5. Lead held steady and there were sales of 25 tons of May tin at 49 ½ cents and 25 tons of January at zero. London close shows copper and lead easing, tin falling slightly, with futures trading mixed and tonnage moving.
MENTIONED IN THIS ARTICLE
eKrldaycoppers
Ask
Diane Dace
Michigan
Cooksyn's
Northern
Southern
London
Wopper
W H McElwain Co Increases Capital Stock
Stockholders approve raising capital from 5.45 million to 8.95 million by issuing 25 000 shares first preferred 6 000 shares second preferred and 000 shares common stock for cash at prices set by directors not below par.
MENTIONED IN THIS ARTICLE
W. H. McElwain Company
Fabyan Elected President Of Brighton Savings Bank
At a Brighton Five Cents Savings Bank trustees meeting Harry C. Fabyan was chosen president succeeding James Young Jr who becomes treasurer at Salem Savings Bank. George B. Livermore was named vice president.
MENTIONED IN THIS ARTICLE
Brighton Five Cents Savings Bank
Harry C. Fabyan
James Young, Jr
Salem Savings Bank
George B. Livermore
Bear Day on the Market Hits Active Session
Bearish trading occupied the market with copper in London leading declines. American Telephone and Western Union fell while rumors swirled of a government breakup suit. Steel and Lehigh Valley also slid as weakness spread across issues amid high suspense over the Minnesota rate case. Copper statistics show four year totals, stocks, and prices. Union Pacific and Southern Pacific board changes hint at further realignment. Allis Chalmers announces third installment assessments amid weak stock prices and restructuring.
MENTIONED IN THIS ARTICLE
Bear
London
Bears
American Telephone
Western Union
Vail
Telephone Company
Lehigh Valley
Minnesota
Supreme Court
Allis Chalmers
Grain Markets Show Moderate Strength Amid Mixed Wheat Tone
Foreign wheat markets lack strong bullishness while domestic factors keep sentiment firmer. World shipments met expectations with smaller visible increases than a year ago, trading volumes steady and May July and September futures posting gains as corn and oats rise on cash demand and futures buying.
Cotton Markets Open Uneasy Then Recovering
The cotton market started with lower prices but gained strength through the day and recovered part of its early loss. Traders eyed the next Ginners' returns showing only 13,050,000 bales total and about 180,000 bales ginned, signaling a sharp drop in output.
Calendar for Today Ex Dividend Power Railroad Meeting
Calendar notes ex dividend for Commonwealth Power Ry and Lt. stock at 112 percent. Books open for York Ry for meeting. Yukon Gold meeting scheduled. Colonial Ol Hudson Cog Wilkesbarre Eastern KR likely listed as calendar items.
MENTIONED IN THIS ARTICLE
Commonwealth Power, Ry. & Lt. Ptd
Colonial Ol
Hiudson Cog
Wilkesbarre & Eastern KR
Fishing fleet sells large haddock haul at T wharf
A fleet of 13 fishing craft including two steam trawlers sold fish at T wharf yesterday. The haul totaled 192000 pounds haddock 19100 pounds cod 68000 pounds hake 51300 pounds pollock 3500 pounds cusk 17500 pounds scrod haddock and 2000 pounds lemonsole. Prices ranged from 5 1 2 to 11 cents a pound with details for each vessel listed.
MENTIONED IN THIS ARTICLE
T Wharf
Harriett
Pol- Haddock
Cod
Hake
Ripple
Trir
Lucania
Foss
Genesta
W. M. Goodspeed
Coe Harriett
Jeanette
N. A. Rowe
W. HH. Reed
Allan Line
Hall
Glasgow
Moville
Boston Light
Mystic Wharf
Wilson Line
Galileo
Hull
England
English Channel
Boston
Louisiana
Copenhagen
Denmark
Portland
Eng
Leyland Line
Winifredian
Frederick Shepherd
Liverpool
Grand Junction Docks
John Parry
Manchester
John Twohy
Bath
Philadelphia
Jacksonville
Twohy
Guadeloupe
Clark
Florida
Warren Line
Iowa
Galveston
Sachem
Sagamore
Michigan
Belfast
Ireland
S. F E. Adams
Landsman
Shipping News Mini Almanac Highlights Arrival
The miniature almanac notes sunrises at 7 14 and sunsets at 4 55 with day length and tide figures. It records the arrival of the Revenue cutter Itasca at Woods Hole and lists captains Winram.
MENTIONED IN THIS ARTICLE
Itasca
Winram
Woods Hole
Maine Seeks Service Board Creation of Public Utilities Commission
In Augusta, the Legislature considers a bill to form a three member public utilities commission appointed by the governor with council approval. One member serves six years, one four, one two. Chairman earns 4000 dollars annually. others 3000. The commission would oversee all public service corporations and abolish the Board of Railroad Commissioners. It would require reporting fatal accidents to the new body for investigation and mandated improvements.
MENTIONED IN THIS ARTICLE
Augusta
Public Utilities Commission
Senate
Hersey
Aroostook
Board of Railroad Commissioners
Chicago Market Bid and Bond Listings Summary
Reading shows varied bids and asks across railroads and utilities, with notable activity in Chicago stocks. Key names include C El Ry and Armour, along with Com Fd and OC Ry, reflecting mixed demand and price levels in this market snapshot.
MENTIONED IN THIS ARTICLE
Armour
Orys
Maryland Bond Awards Report Shows Higher Bids
The State of Maryland sold a 1 000 009 loan of 1912 series 0.4 per cent 10 15 year maturities to bidders Townsend Scott Sons Baltimore 10000 at 98 02 25000 at 97 77 Marshall Winchester 10000 at 98 02 10000 at 98 27 20000 at 97 77 Baker Watts Co Nelson Cook Co Kissel Kinnicutt Co jointly 300000 at 97 77 400000 at 97 67 R L Day Co Boston Hambleton Co jointly 220000 at 97 58 Strother Droges Co 3000 at 7 75 Average bids were higher than the last sale.
MENTIONED IN THIS ARTICLE
State of Maryland
Townsend, Scott & Sons
Baltimore
Marshall Winchester
Baker, Watts & Co
Nelson Cook & Co
Kissel, Kin
Bond market notes Lowell and Pittsfield bid deadlines set
Lowell Mass will take bids until 10 a m January 14 for 60000 dollars of 4 percent public building bonds dated January 1 1918 payable 8000 annually 1914 33 inclusive Pittsfield Mass will take bids until 11 a m January 21 for 100000 dollars of 4 percent water bonds dated November 1 1912 and payable 4000 annually 1916 25 inclusive
MENTIONED IN THIS ARTICLE
Lowell
Mass
Pittsfield Mass
Storey Named Vice President at General Electric
W. F. Storey has been elected an additional vice-president of the General Electric Company.
MENTIONED IN THIS ARTICLE
General Electric CO
W. F. Storey
General Electric Company
Dividends Declared by Franklin Co
Franklin County announces regular semiannual dividends on February 1 to stockholders. Record details note shares and amounts to be issued. No further information on recipient or exact sums available from the fragment.
Copper Prices Falter as Surplus Grows in December
The Copper Producers Association reports a December surplus exceeding 19 million pounds after three prior monthly gains, shaking local copper investors. With production outpacing demand since the 1734 cent per pound price, the market now sees copper at 1714 cents and expects further cuts. A special financial page article in tomorrow's Boston Post will analyze fair value and whether shares priced in the intrinsic metal position.
MENTIONED IN THIS ARTICLE
Amalgamated
London
Copper Producers’ Association
Boston Post
Also Mentioned on This Page
Wn. A. Read & Co
Congress Street
Montana Power Co
Richardson, Hill & CO
United Light & Railways Co
Moors & Cabot
Devonshire St
Boston, Mass
Buckeye Pipe
Carl H. Pforzheimer
Broad St
Ccs Sau
Mit
Kansas City
Stock Exchange
Wilson
Chicago
Harriman
Union Pacific
Southern Pacific
United States
Smelt & K
Smelt & KR
Ohio
Ilsha Batopilas
Beth Steel
Beth Steel Pf
Cal Pet Corp
al Pet Corp A
Ches Ohio
M&s P
Deere & Co
DL & W
Erie
Goldfield Con
Goodrich BI Co
Nor Ore
Bou
Ootler
Kresge Co
Lackawan Steel
Ligzeit & Mey VG
Loose-Wilen Co
Louis Nash
Mackay Sae
Manhatan i Ley
Bea
Toy Ismey
Nath & & Pf
Nevada
Nor & West
Nor Pac An
Penn
Pitts Coal
PCC & Py
Ry &T
Rock Island
Rumeley Co
St L& Sfi
Sl&st
Seaboard Air
Seaboard
Sears-Roebuck
South Pacific
South Ry
Studebaker
Exas Pacific
the Texas Co
Pac
U Scip
US Steel
Utah Copper
Wabashera
Maryland
Westinghouse
Westing
West Union Io
Wis Central
Woolworth
Boston Stocks
Jan Jan High Low
Yoo
Oesepe
Algomah
Allouez
Am &U
Amoskeag
Arizona
Atchison
Gulf
Bos & Albany
Boston Corbin al
Bos & Maine
Bos
Bos Eleyrts
Butte & Sup
Butte Ballak
Aly
Cal & Arizona
Cal & Hecla
Chino
Conn River
Cop & UL Pt. RI
Daly West
Keston
Butteld
Madison
Franklin Iq
Giroux
Granby
North Rts O
Greene Can
Hancock
Island Creek
Isle Royale
Lake Copper
Mason Valley
Klee
Irow
New Eng Tel
G2ny&nh
Nipissing
North Butte
North Lake
Old Dominion
Pullman Co
Quincy
Ray Consol
Reece
Shannon
Shattuck-Aziz
Shattuck-Aziz O78 721% 2744 271, 2784 2)4 2M 21 2 50 Sup & Bos
Swift & Co
Tamarack
U & Steel
U 8 Steel
Nee Comal
Cop Co
Victoria Ee
Money Markets
West End
Alaska
Bay State Gas
Bingham Mines
Alg Ale
Boston Ely
Butte Centralios
Butte & London
Calaveras
Davis Daly
Eagle & Blue Bell L
Goldfield
McKinley
Eee Eeae
Majestic
Raven
South Lake
Marconi
Butte & N Y
Ely
Flor Goldfield
Nevada Hills
NOT & Va
Metal Markets
W.H. McElwain CO
H. C. Fabyan
Brighton Savings Bank
State Street
Copper Producers’ Statistics
Graton
The
Association
U. P
S. P
Southern Pacific Board of Directors
Julius Kruttschnitt
Southern Pacific Directors
Minneapolis
Duluth
St Louis
Toledo
Detroit
Tokyo
Senna Ois
Eavey Wees
Norf & W
del & Are
North Ies
North Pacific
den & R Grig
den & RG
Eae
Pacific T
Corp
Allis-Chalmers
Belewss
Flint & P
Steewe
Sigapestia
Deere
Great Nor
Am Ag
Ewe
Cot Oil
Indiana Steel
Eee
Imés Gni Bs
Amour&Co Real Be
Lim&s Ue
S& Fe
At&s
Saat Air Line
Perere Foresee
Bell T
Lake
Balto
Balt & O Pitts i Liggett & M ‘Bs
E& WV
Beth Steel Ist
Eeeersee
Beth Steel Rsa
Ene Siars
Lorillard Co
Southern Ry
Bklyn
Bhirn Rap T
L & N Unified
Tener
Texas Co
Aee
L & N-At
Knox
Tae Geeee & Cin
ORIG
Vermont
Union Pac
Mo Pac
Uninion Pac
Gol
Mohawk & M
US Steel Sf
Nycasel Ist
Eeeree
NY Gas EL
E . Oa & Power
Col
L&c
Staee
Va & Swn
St Paul'n
Lka & W
Ny & L
Mil&St P
Jenna
L&p
L& Ee
West Maryland
Rt L& P Col
West Shore
Stpm&om
Wisconsin
Jai Mar
Prey Close Og
M. Seeeee
Eeter
York Rys
Yukon Gold
Provincetown
Manitou
Tribe
Antwerp
Sleward
Hudgins
Newport News
Norfolk
Newton
Abbott
Sewalls Point
Joseph W. Foraney
Keene
Yarmouth
N. S
Nacoochee
Savannah
H. M. Whitney
Calvin Austin
St. John
N. B
Eastport
H. F. Dimock
J. O. Ellison
Cto
Tacony
Ardmore
New Bedford
Upton
Plymouth
Wyoming
IL. VY. Co
Lehigh
Perth Amboy
L. W. Co
Scranton
Hoboken
Pocono
Canisteo
Newport
Delawanna
Lackawanna
Ctc
Hopatcong
Chenango
Daniel Willard
Edgewater
Marion
Rondont
Hawthorne
Nemasket
Brockton
Nesquehoning
Remus
Watuppa
Rahn
Foster and Randolph
H. A. Mathes
Gloucester
Governor Foss
Western
Cornwall
N. Y
J. H. Rutter
Sidney
Ellenville
Gertrude
St. Pierre
Mig
Grand Banks
Newfoundland
George W. Wells
Newell B. Hawes
Newburyport
Gatherer
Ellen Little
Horatio G. Foss
Shipping News
Maine Seeks Service Board
Bill Provides Public Utilities Commission
Chicago Market
Rys
Booth, Fish
Cal & Dock
Light
Sly
Subway
Pneu Tool
West Stone
Morris
Pn Tool
Philadelphia Market
Asko
Am Cemento 2
Am Rys
Camb Steel
el Co of
el Star Bat
Penn Steel
Phila Co
Phil Bpa
JS & Sea
el & P
Franklin Co
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