Massachusetts Blue Sky Laws Debate in State Legislature
Editor analyzes two pending Massachusetts bills on securities sales and holding company limits. Bankers oppose a harsh Section 6 audit power, favor registration and court appeals, while early sections propose financial disclosures and solvency proofs to curb fraud.
MENTIONED IN THIS ARTICLE
Massachusetts
Massachusetts Public Service Corporation
Boston
Commissioner of Corporations
American Sugar Refining Company
New York Stock Exchange
Public Service Investment declares dividends on preferred and common
Public Service Investment Company announces a quarterly dividend of 1.50 per share on preferred stock and a semi annual dividend of 2.00 per share on common stock. Dividends payable February 1, 1913 to stockholders of record January 18, 1913. Stone & Webster transfer agents.
MENTIONED IN THIS ARTICLE
Preferred Capital
Public Service Investment Company
Stone & Webster
Blue Sky Laws Discussion to Be Continued
Note indicates further discussion of the Blue Sky laws will be taken up in a later article, signaling upcoming coverage and analysis of state securities regulations.
Grain Markets Show Mixed Yet Upward Close
The Bradstreet report revealed smaller than expected wheat supply declines at home and in Europe, boosting long-term interest. Markets were nervous and volatile but ended with underlying strength and a rally near session end. Corn advanced to near record highs amid heavy arrivals and Argentine drought, while oats rose strongly.
MENTIONED IN THIS ARTICLE
Bradstreet
Liverpool
Copper shares buoyed by February delivery gains at Boston market
The Boston market Jan 21 saw copper shares firm as February delivery prospects rose. Amalgamated advanced to 73.5 from 71, Butte & Superior climbed to 32.875, Granby to 69, while Granby copper earnings forecast a 6 percent annual dividend. American Telephone news steadied. Telephone rights jumped to 74 cents, and New York Steel boosted local bullishness with a rise to 64.375. The day closed with a firm tone.
MENTIONED IN THIS ARTICLE
Boston
Amalgamated
Butte & Superior
Granby
Granby Copper
Phenix
American Telephone
New York
Prices Hold Gains On Increased Volume
Total sales New York 315100 shares Boston 29688 shares. Most active issue in New York steel common 87200 shares. Most active issue in Boston Am Tel Tel 5317 shares. Total sales Jan 1 1913 to date New York 5493000 shares Boston 452633. Corresponding period last year New York 6329000 Boston 827326. Greatest gain in New York list Am Tobacco 61 2 to 287. Greatest loss in New York list Assets Realization 27 8 to 116 1 8. Greatest gain in Boston list Calumet & Hecla 9 to 500. Greatest loss in Boston list N E Cotton Yarn pref 2 7 8 to 88 1 8. Call money New York 2 to 3 per cent Boston 3 1 2 to 4 per cent. Time money New York 4 to 4 1 4 per cent Boston 4 1 2 to 5 per cent.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Am. Tel. & Tel
Am. Tobacco
Calumet & Hecla
N. E. Cotton Yarn Pref
New York Stock Market Gains On Short Covering
Prices rose modestly amid a dull session as short covering, not renewed demand, drove gains in Union Pacific, Steel, Reading, Amalgamated and Canadian Pacific. Copper stocks showed strength while London buyers supported limited advance. Baltimore and Ohio reported December gains and the market saw mixed bond activity with total par value sales at $2,050,000.
MENTIONED IN THIS ARTICLE
New York
Union Pacific
Steel
Reading
Amalgamated
Canadian Pacific
London
Interborough
Baltimore and Ohio
United States
When issued.
Total sales data list shares bonds and rights with figures 29688 shares 14000 dollars bonds and 54315 rights.
Boston curb market notes gains in Mexican Metals
The Boston curb market kept a steady tone with moderate activity and a small price rise in Mexican Metals due to insider buying. Other notable issues included Butte Central Calaveras First National and Alaska Gala while Corbin jumped from 14 to 19 cents amid detailed fluctuations.
MENTIONED IN THIS ARTICLE
Butte Central
Calaveras
First National
Alaska Gala
Corbin
Alaska
Bay State Gas
Boston Ely
Butte
Ely
Goldfield
Hollinger
Lion Hill
T.aramie
Majestic
Douglas
Smokey Devel
South Lake
Utah Metals
Yukon
New York curb two thousand Braden Cop sixes
Braden Cop sixes 185 185 185 185. Chic Blev five? s 98% 98% 98% 98% with 37,000 noted in Chicago market data.
Money markets steady as large gold exports continue
Gold shipments remained strong with $2,000,000 sent to Paris and $2,300,000 to Argentina, lifting total exports to over $16,000,000 since Jan 9. Exchange rates firmed, call money at 2 3 percent, with short and long term loan rates ranging from 4 to 5 percent. Boston and New York clearings and balances are listed alongside foreign exchange quotes and precious metal values.
MENTIONED IN THIS ARTICLE
Paris
New York
Des Ees RV
Boston
Dividends Declared by Major Companies This Quarter
National Railways of Mexico declares regular semi annual dividends of 2 percent on first preferred stock payable February 10. J G Brill Co declares regular quarterly dividends of 13 4 percent on preferred stock payable February 1 to holders of record January 25. Warwick Mills declares 3 percent dividend payable February 1 to holders of record January 20. Hood Rubber Co declares regular quarterly dividend of 134 percent on preferred stock payable February 1 to holders of record January ?
MENTIONED IN THIS ARTICLE
National Railways of Mexico
J. G. Brill Co
Warwick Mills
Hood Rubber Co
State Street Topics Signals Strong Market Gains
The market rose sharply amid thin volume as bears covered positions after a Minnesota rate case rumor boosted the rails. Union Pacific led active lists at 166 amid talk of a Southern Pacific segregation settlement, while Steel Corp earnings projections for last year near 108 million for the year. Copper prices steadied as Amalgamated Copper and Am Smelting tied quotes, suggesting ample near term copper sales.
MENTIONED IN THIS ARTICLE
Bears
Supreme Court
Minnesota
American Telephone Company
Union Pacific
Southern Pacific
Steel Corporation
Distil
Corp
Portland
Psat
Erie
Bea
A Peta
Nyc
Lé Arivean Es
Armour & Co Real Estate
At&s
Petes Ag Aha Alingh
Stil i Erie
Reading
Cen Niana
N Southern
Ry Joint
G&c
Atl Coast Line
al L L& N
Balt &O
Loewe
Balt & O Pitts
Rees Ee Gee & M
Beth Steel
Fae
Tee
Akon
Cal Gas & Lee
Vlad Co
Masiaat Ars
M & St
Aes
Mil & St
Mil& Sup
BS Uu
Sparta & N
Derek
Beas Gee Sy Ees
Bic
Eas
Cc R
1& P
Beas
Sea A
Ié&P
Nisgara
Hee &W
Norf
Norf & W
den & Rgrig
Penn Con Ee West Shore A
Cotton Markets Show Mixed Strength in Liverpool Trading
Liverpool cables reported better than expected in both divisions of the market with signs of temporary halt in liquidation and some support from good sources. War advices were encouraging. Southern spot remained firm, especially in the mill towns. Market opened strong, improving 9 to 11 points, and prices advanced through the session, closing near-day highs.
MENTIONED IN THIS ARTICLE
Liverpool
Metal Markets See Quiet Trade At Metal Exchange
Trading at the metal exchange was quiet with copper steady, tin weak and lead steady. Closing bid and asked prices show slight shifts across copper, tin, lead, spelter and electrolytics as market activity remains subdued. London prices mirror the quiet session with marginal gains in copper and mixed movements in other metals.
MENTIONED IN THIS ARTICLE
Cookson
London
Pittsfield sells water bonds to Merrill Oldham firm
Pittsfield Massachusetts has sold one hundred thousand dollars of four percent water bonds dated November first nineteen twelve with a five thousand dollar annually maturing schedule from nineteen sixteen through nineteen thirty five to Merrill Oldham and Company. Other bidders included Curtis and Sanger R L Day and Company Estabrook and Company and several other firms. Middlesex County Massachusetts awarded a temporary loan of one hundred thousand dollars maturing November sixth nineteen eighteen to Estabrook and Company. Other bidders included R L Day and Company Curtis and Sanger and Bond and Goodwin.
MENTIONED IN THIS ARTICLE
Pittsfield
Mass
Merrill, Oldham & Co
Curtis & Sanger
R. Ll. Day & Co
Estabrook & Co
Lee, Higginson & Co
W. Ll. Raymond & Co
Adams & Co
Blodget & Co
Blake Brothers & Co
E. H. Rollins & Sons
A. B. Leach & Co
N. W. Harris & Co
Middlesex County
R. L. Day & Co
Bond & Goodwin
Bond Market News Shows Rock Island and Wabash Gains
New York bonds report active trading with Rock Island collateral 4s and Wabash 4s leading demand after a brief downturn. Government, railroad, and industrial issues appear with varied prices and yields as investors scrutinize domestic debt and corporate issues amid a busy session.
MENTIONED IN THIS ARTICLE
Rock Island
Goldfield Consolidated Finds Ore Body in Combination Mine
Goldfield Consolidated reports a new ore body at 150 feet depth in the Combination mine. Management says about 500000 dollars of net value has been added to the property as a result of this development. The Stewart Mining Company shows monthly and yearly earnings with December at 53000, November 55000, October 60000, September 58500, and 1912 annual earnings totaling 536900. Arthur 8. Leland & Co. has issued...
MENTIONED IN THIS ARTICLE
Goldfield Consolidated
Stewart Mining Company
Philadelphia Market Am Bid Cement and Steel Notes
Market brief shows bid prices for cement and steel related notes. Listed items include Camb Steel at 50% and 73 of Am, Valley Steel at 7914, and various securities with fractional percentages and odd lot indicators. Specific entities and exact terms are obscured by OCR noise but indicate a mixed bag of commodities and financials with modest yields or discounts.
MENTIONED IN THIS ARTICLE
Am Am Bid
St Bat
Do Deo Hie Ll S
Pion Tno Ves
Lc&n
Valley
Calendar for Today Ex dividend stock notes and opens
Ex dividend items listed include American Glue preferred at 4 dollars with 2-1 split, Sierra Pacific and FElectric preferred at 11-2, Houston Oil preferred at 3 percent, with books opening for American Locomotive and B F Goodrich Company.
MENTIONED IN THIS ARTICLE
Sierra Pacific
Houston Oil
Warning signs of another financial panic seen by Glass
Washington January 21 Representative Carter Glass chairman of the banking committee warned at a National Chamber of Commerce convention that a future financial panic akin to 1907 is possible. He said symp toms exist but declined to predict timing and urged action before panic forces reforms. He also dismissed the Aldrich Vreeland currency act as a preventive.
MENTIONED IN THIS ARTICLE
Washington
Carter Glass
Virginia
House Committee On Banking and Currency
National Chamber of Commerce
Glass
Also Mentioned on This Page
Kidder, Peabody & CO
Devonshire Street
Wall Street
Commonwealth
Bureau of Statistics
Cnall
Commission
State Department
Public Service
Chicago
Minneapolsee RT
Duluth
St. Louis
Kansas City
Toledo
Sts
Detroit
High Point
An. Jan
Smelt & R
T & Ee
Atest
Atl C Line
Ohio Ee
Bklyn R T
Brunswick
Chesbeeen
Cm& SP
CSP M& Opf
China Co
Deere & Co Pf
Peageen Steel
Lehigh Ro Vol
Liggett & Mey
Liggett & Mey Pf. Wah
Loose-Wiles Co
Loose-Wiles
Louis Nash
Mackay Terrenee
Mackay of Seers
Manhat Eley
May Dept Store
Mex Pet Co Lt
Slam Copper
Peer Eeses
NYO & W
Nor & West
Pitts Coal Eae
Pitts Coal A
Pf. Waa Ee
Reppi&s
Rock Islan
Rep
T&s Pe
Rock Island Pf
Rumeley Co
St Lou & Sn
Seaboard Air L
Seaboard
Ry Pfeibie
Texas Pacific
Tenn
The
Texas Co -Opner
Third Ave
SLE& Mas
Underwood
Scip&f
U S Steel
Utah
Ir C& C
West Maryland
West Union Neeee
Westinghouse
Westing
Woolworth
Weyman & B Pf
Eenee
Bell Telephone Company of Canada
Dominion of Canada
Boston Stocks
West T & T
Tel
Chi& N
China
el Frac
Gen Motors
Giroux
Greene
Hancock
Turner, Tucker & CO
Milk Street
First Nat. Bank Bldg
Broadway
Indiana
Kerr Lake
Maine
Mason Valley
Nevada
New Englel
Quincey Oat Ee
Swift & Co Eee
Tamarack
Torrington Ee
Tuolumne
Union Paces
U S Steel Pf
Utah Consol
Victoria
Carera
West End
Winona
Wolverine
Marconi dl
Braden Copner
Florence G'ldf
Giroux En
Nevada Hills
South
Stewart Oocenence
de Belmont
Usl&h
State Street
Butte & Superior Situation
Wolvin
Salt Lake Dispatch
Metal Markets
Philadelphia
Denver
SanFrancisco
Los Angeles
Ier
Acabur
Motor Sf
Ga Pacific
Bese Nor
Kwaddl
Wc Rt
Ays Ke
Weg
Texas Co
Union Pac
Steel Sf Bs
Roepe
Atick
Maryland
Onark &C
Pacific T& Ol Westahse
Lee Rss
Ae I&s
W &Og
Lim&s
I &Sf
L & SF
Benes
Ites Ari
Seab
So Bell T& T
So Pacific
Perera
Anni. S
Sausheea
Ry “4S Mobile
Odiv Ral
Federal Trust Company
Albion F. Bemis
Theodore G. Bremer
John T. Burnett
Charles L. Burrill
Hiram M. Burton
Timothy E. Byrnes
William J. Carlin
John T. Connor
Peter H. Carr
William J. Daly
William J. Emerson
Timothy J. Falvey
Thomas F. Galvin
John H. Gibbs
John C. Heyer
Samuel Hobbs
Timothy E. Hopkins
Franklin BE. Huntress
Arthur H. James
James W. Kenney
John S. Kent
Frank Severoni
Lawrence J. Wogan
James Tumsden
James M. Morrison
Henry P. Nawn
Charles H. Olmsted
Joseph H. O'Neil
Frederick H. Payne
James W. Spence
John E. Stanton
Charles B. Strecker
Edwin Wilcock
Arthur
Leland & Co
Ask
Booth Fish
Hs&m
Canal & Dk
T&t
Swift&Co
Pneu Fool
Stone
Ask Armour
Eer
Com Edison
Chicago City Railways
Glaser Bout
Serene
Go Morris
Ogden Gas
South Side
Philadelphia Market
Ask. Hila Mo. Fot
el & P
Rem&eds
Open
Pfd
B. F. Goodrich & Co
Representative Glass
Consolidated Stock Exchange
Broad Street
N. Y
the Coppers
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