Prices Rally Across Markets Despite Dividend Cuts
Market notes show advances across several sectors with strong prices in wheat and steel, including May wheat at a new high and heavy activity in Butte & Superior. U S Smelting shares retreat while Studebaker remains robust, and Baltimore & Ohio advances despite dividend reductions.
MENTIONED IN THIS ARTICLE
Baltimore & Ohio
Studebaker
Butte & Superior
U. S
Wood
American Sugar
Market Activity and Share Totals Across New York and Boston
Yesterday’s market notes show New York and Boston total sales of 119 500 and 16 615 shares respectively with the most active listings. Year over year figures include New York 1 492 000 shares for the year to date and Boston 181 134 shares, while New York Union Bag climbs 47 to 26 percent and Calumet & Hecla advances 5 to 360 in Boston. Call money trends show Rumely ptd 4 to 12 in Boston and other shifts noted for York and St. Louis area listings.
MENTIONED IN THIS ARTICLE
New York
Boston
Baltimore & Ohio
Butte & Superior
York
Oston
Union Bag
Ptd
Call Money Time Mone Rumely
Calumet & Hecla
Albany
Eighb. Low
Roisa Apesee
Ian Ama
Copee
At & R
Steel Fury
Seeeere Cee
Tete Kel
Aeee
Pfin Neon
At&sf Se
Ohio
Ches & Ohio
Goodrich BF
Ae WO
Le&w
Maxwell Motor
Maxwell Mo
Mont Power Co
Et Biscuit
Paw Aeeeres
Swaeree Repi& Seeees
New York Market Sees Mixed Session With Narrow Gains
The New York market opened irregularly but finished steady after a volatile day. Baltimore and Ohio common and preferred plus New York Central led gains, while Soo issues and several others declined. final hour news on B&O's dividend eased fears and helped rally. May wheat hit a new high on strong export demand as St Paul bond financing and a Russian loan move toward public offering.
MENTIONED IN THIS ARTICLE
New York
Baltimore & Ohio
New York Central
People’s Gas
American Tobacco
United States Rubber
Colorado
Rumely
International Harvester Corporation
Baltimore& Ohio Road
St. Paul
United States
Edison Electric Illuminating Boston Dividend Notice
Dividend No. 108 to stockholders of record January 15 1916 pays three percent quarterly, due February 1916. Statement dated January 14 1916 signed by T. K. Cummins Treasurer. Also stock market quotes today on the New York Stock Exchange with high and low prices compared to prior close.
MENTIONED IN THIS ARTICLE
Edison Electric Illuminating Company OF
Boston
Stoe
T. K Cummins
Boston Stocks and Securities Highlights
Boston stocks report lists high and low prices on the Boston Stock Exchange with a comparison to the previous close. Illinois Public Utilities Commission approves a new issue of 29.1412 billion dollars in 5 percent convertible Series B bonds for the Chicago Milwaukee and St. Paul.
MENTIONED IN THIS ARTICLE
Boston
Boston Stock Exchange
Illinois Public Utilities Commission
Chicago, Milwaukee & St. Paul
New York Stock Exchange
Province of Alberta
Dominion of Canada
Hackensack Water Company
Buffalo, Rochester & Pittsburg Railway
Chicago, St. Paul, Minneapolis & Omaha Railway
General Chemical Company
General Chemical Company of
California
Largest trade balance in country’s history indicated
Figures for the week ended January 1 show an excess of exports over imports of 35 million dollars across 12 districts, surpassing prior records. If the trend holds, January could reach a 150 million dollar balance, the highest in the nation’s history.
MENTIONED IN THIS ARTICLE
Redfield
Jane I
Boston
New York
Bond Market Shows Further Improvement In New York
The New York bond market extended gains with Central Pacific 4s Northern Pacific 4s and Consolidated Gas convertibles at top levels. United States Government Bonds closed mixed with various 2s 3s and 4s showing modest changes amid ongoing market activity.
MENTIONED IN THIS ARTICLE
Central Pacific
Northern Pacific
Consolidated Gas
Rock Island
Western Maryland
United States
Market closes with gains in Boston shares and wheat surge
The Boston market shows more advances than declines led by Butte & Superior with a net gain to 407 8. United States Smelting falls to 99 12 amid doubts over Mexican properties and Utah notes. Copper pricing remains varied with sellers quoting 13 5 8 to 13 7 8 cents, while actual trades occur lower. Wheat hits a new May high at 1.48, the strongest since 1898, amid bullish supply expectations.
MENTIONED IN THIS ARTICLE
Boston
Butte & Superior
United States
Utah
Plant Operations Slump Due to Uncancelled Orders
Reports indicate orders are not being cancelled in usual volume, causing most plants to run at 0 percent capacity, a drop from 10 to 40 percent a few weeks earlier.
American Telephone and Telegraph reports 11 month earnings
The American Telephone & Telegraph Company and subsidiaries report earnings for the 11 months ended November 80 with gross 206,710,452 and 197,452,138 for 1914 and 1918 respectively. Net earnings after expenses reach 63,826,304 in 1914 and 63,858,152 in 1918, with net profits after deducting interest totaling 36,484,737 and 38,654,953 respectively. Dividends for 9 months and estimates for 2 more months total 27,767,324 and 27,778,640.
MENTIONED IN THIS ARTICLE
American Telephone & Telegraph Company
American Telephone
Associated Holding and Operating Companies
Bond Market Notes Reflect Diverse Local and International Movements
South Hadley bids open for 40 000 four percent municipal bonds due 1916 35. Holyoke awards a 150 000 3 54 percent loan to R L Day Co. Others include bids from Moseley Estabrook Morgan Blake and Schalle. Multiple Mexican issues defer interest while Alberta and Canadian listings rise.
MENTIONED IN THIS ARTICLE
South Hadley
Mass
Holyoke
R.L. Day & Co
F. S. Moseley & Co
Estabrook & Co
Morgan & Bartlett
Blake Bros. & Co
Bernard Schalle & Co
Currency Market Steady as Banks Record Sub-Treasury Gains
New York banks report yesterday gains on Sub treasury operations totaling 1 086 874 dollars with a net loss of 8 728 000 dollars since Friday. The foreign exchange market remained steady with afternoon rates showing Sterling around 4.843 16, francs at 5.19, marks 0.8744, guilders 0.40.
MENTIONED IN THIS ARTICLE
Treasury
New York
Poor's 1915 Railroad Manual Issued
Poor's Manual of Railroads for 1915 appears in January as the 48th annual edition. It covers steam railroads with 1914 report data and information revised to December 1914.
MENTIONED IN THIS ARTICLE
Poor’s Manual of Railroads
Money Markets and Clearing House Rates Trimmed
Boston money market quotes show customers call loans at 4 to 4 1/2 percent and outside brokers’ quick call loans at 4 to 4 1/2 percent. Commercial loans run 5 to 6 percent, collateral loans 5 to 6 percent, and commercial paper from 4 percent upward. Year money at 5 percent. Bar silver in New York at .49 to .57. Mexican dollars noted. Clearing House exchanges in Boston and New York listed with totals, reserves, and sub-treasury credits.
MENTIONED IN THIS ARTICLE
Boston
Secant
New York
Boston Reserve Bank
Clearing House
Purdeisewweececc
Treasury
Maryland Bonds Go to Boston Bankers
An issue of 3 600 000 4 per cent road bonds of Maryland was awarded to a syndicate led by Alexander Brown & Sons and including Brown Bros Co N W Harris Co Estabrook Co and Remick Hodge Co The issue was placed at 98 31 Underground conditions at the Arizona Copper mine are described as encouraging with drifts on the 1200 and 1800 levels opening well and a 22 foot wide vein at the 1800 level carrying copper.
MENTIONED IN THIS ARTICLE
Baltimore & Ohio
Wall Street
Willard
Baltimore & Qoho
Maryland
Alexander Brown & Sons
Boston
Brown Bros. & Co
N. W. Harris & Co
Estabrook & Co
New York
Remick, Hodge & Co
Arizona Commercial
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Hi Sale
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