Markets Active and Irregular Across Cities
Total sales in New York and Boston show active and irregular movement. Reading common leads New York with 182000 shares, while Steel common tops Boston with 2430 shares.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 19, 1911
Page
14
Total sales in New York and Boston show active and irregular movement. Reading common leads New York with 182000 shares, while Steel common tops Boston with 2430 shares.
Yesterday’s active session saw Reading regain leadership with shares up to 158 1/2 while Lehigh Valley topped 180 on heavy trading for the first time since the ex dividend. Smelters led gains with a 11 1/2 rise. commission houses report rising business and advise purchases on setbacks.
The stock market was less active with irregular prices. Copper shares led declines as a $2 per share assessment to be called Feb 6 weighed on Lake group and Franklin's retreat to 71-2. East Butte saw slight drops, while Superior & Boston held steady amid an upcoming $1 per share assessment for Feb 29. A Calumet & Hecla merger committee formation looms, and Osceola shareholders urge accountability from Calumet & Hecla management.
Boston mass December 2 1910 at a meeting of the board of directors it was unanimously voted that an assessment of five cents per share on all outstanding shares be paid at the International Trust Company Boston five cents per share due by December 15 1910 and three cents per share due by January 16 1911 stockholders paying in full within the time will receive one new share for every five shares held from the trust holdings secretary Merrill A Smith
The Edison Electric Illuminating Company of Boston declares a quarterly dividend of 3 percent payable February 1 to holders of record at the close of business January 19, 1911. Thomas K. Cummins, Treasurer, Boston, January 16, 1911.
The Franklin Mining Co directors set a $2 per share assessment payable Feb 6 for stockholders of record Feb 4, expected to raise $332,000. They cite rapid mine progress, a new 2500 ton daily hoist, and moving the rock house to boost efficiency, planning $150,000 in improvements and leaving over $100,000 working capital.
Directors of the Superior and Boston Copper Company meet in Houghton Michigan and vote to assess stockholders one dollar per share on part paid stock. About 235 000 shares are affected with payment due February 20 and books closing February 7 reopening February 21. President Rice cites liquidation of debt and funds for development as reasons.
An investment promotion from Chino shares a tale of luck and growth. The ad claims 12,000 investors were advised to buy at 9.75 with a promise of a future rise to 25 per share. It predicts similar movements in Inspirat ion Giro ux and Ohio Copper within four months.
Company allocates about 135000 to open ore bodies on the 8th and 10th levels of the McGaw mine and push exploration on the adjacent Old Dominion vein. Development on the 10th level begins within 380 days, with ore shipments expected in 60 to 90 days, as cuprite and native copper rich ore above the 6th level suggests larger future returns.
The British Columbia Copper Company declared a 212 percent dividend yesterday, marking its re-entry into dividend paying status after none since a 1907 payout. The report notes previous dividends and outlines continuing corporate moves across several mines and investment interests.
Boston January 18 stock and bond market prices show movement across bonds and equities. The report lists daily totals and compares with the previous close, highlighting notable gains and declines in key issues and market sectors.
The Boston curb market saw brisk trading with Calaveras ranging 23 8 to 3, Mexican Metals steady around 3 1 4 to 8 8 8, Nevada Utah at 92 to 95 cents, and Goldfield Consolidated prominent. The full curb list fluctuations are detailed here.
Kuhn, Loeb & Co and First National Bank of NY buy 6 million dollars of Dela ware & Hudson first and refunding mortgage bonds. Seattle Electric sells 2.721 million consolidated and 5 percent refunding mortgage bonds dated Aug 1 1907 to Lee Higginson syndicate. Total new bonds 7.312 million retire floating debt and support 1911 construction. bids due Feb 2 for 0.5 million 4 percent water works bonds.
Ex-dividend calendar lists public service investments and preferred stock books close and open dates for American Glue and Ray Central Copper.
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