Market Prices Drop Sharply Across Staples
Market averages fall by about a point and a half with steel showing minimal activity due to minimums. Wheat again reaches new highs amid wide swings as prices slip for other commodities and stocks.
Points in Yesterday's Markets
Report of stock activity in New York and Boston with total sales figures and top movers. Sears Roebuck jumps in New York while Am Malt pref falls. Boston sees gains by Boston & Providence and losses by Calumet & Hecla amid volume leaders like Reading and Butte & Superior.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Butte & Superior
Sears, Roebuck
Providence
Calumet & Hecla
New York Market Reacts to US Steel Dividend News
January 27 report shows stocks slip after United States Steel Common dividend announcement. Steel Common opens at 48, Steel Preferred drops sharply, and bonds weaken as market-wide declines spread to rails, utilities, and industrials. Pennsylvania Railroad sells 49 million in first mortgage bonds while Erie outlines new bond issue plans.
MENTIONED IN THIS ARTICLE
New York
United States Steel Common
United States Steel
Steel
Union Pacific
Reading
Pressed Steel Car Company
Pennsylvania Railroad Company
Erie Road
United States
Stock Exchange Prices Report Today In New York
New York trading on January 27 shows high, low and fast prices at the New York Stock Exchange with comparisons to the previous closing. Market activity reflects varied moves across major issues and index lines.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Boston
Boston Stock Exchange
G. W. Field and Company Market Letter Advertisement
G. W. Field & Co. promotes a market letter on a wonderful dividend payer. Sold on a partial payment plan through customers and the board room at 53 State Street. Tels 6682 6684 Main.
MENTIONED IN THIS ARTICLE
G. W. Field & CO
State Street
Main
Market Shock Fades in Boston as Steel Dividend News Weighs
In Boston on January 27 the steel dividend news caused limited declines in stock prices. Calumet & Hecla dropped 10 points while United Fruit fell 13-8 and Osceola 18-4. Old Dominion down 11-4, Wolverine 2, Granby 11-4, and Calumet & Arizona 13-8. Butte & Superior rose 1-2, Alaska Gold down 3-8. Old Dominion reported net income $832,000 and received $1,553,000 from a subcompany. Wheat prices surged to record highs near $1.49. July option at $1.3378. Corn and oats follow wheat gains as buyers anticipate production effects.
MENTIONED IN THIS ARTICLE
Boston
Calumet & Hecla
United Fruit
Osceola
Old Dominion
Wolverine
Granby
Calumet & Arizona
Butte & Superior
London
At&t
Gulf
Chi B & Q
West T& T
Alaska
Suganseder
Tel & Tel
Amoskeag
Ee Seteee
Amoskeag Pf
Arizona Comateee
Atchison
Bos C& M cl
Bos Elevated Ovens
Bos & Albany
Bos & Maine
Bos & Provane
Butte Ballak
Butte & Sup Seeee
Cal & Arizona
Cal & Hecla
Cum Co P & Lt Pf
East Butte
Edison
Island Creek
Kerr Lake
la Salle
Maine
Tuolumne
Union Pacific
US Steel Pf Er
Utah Apex
Dteh Conte
Utah Cop Co
Vt & Mass
Sone Seeeee
West End
West End Pf
Westend Nich
Winona
Enene
Two More Verdi... Against B. M. in Superior Court
In the sixth session Judge Hitchcock directed verdicts totaling 72,467.40 against the Boston and Maine railroad. James M. Reynolds obtained 62,076.40 and the Traders' National Bank of Lowell 10,391. The suits arose from 14 notes totaling 80,000 issued in June 1913.
MENTIONED IN THIS ARTICLE
Hitchcock
James M. Reynolds
Boston & Maine Railroad
Traders’ National Bank of Lowell
Reynolds Bld
Traders’ Bank
Boston Stocks Prices Snapshot From Exchange Report
Boston stock market report outlines the high and low prices and rapid trades for securities today. It compares current close figures with the prior session to show movement.
Bond Market Dips Mixed as Convertible Issues Move
New York trading shows fractional recensions in converts while traction issues hold firm. Prices for Jap 2d ser and Pacific 46 92 notes vary with irregular activity. totals reach 2,545,000 in sales today, versus 2,377,000 yesterday and 3,637,600 a year ago. From January 1 to date sales stand at 351,229,006 against prior year 77,183,000.
MENTIONED IN THIS ARTICLE
New York
Money Markets and Foreign Exchange Update
Boston market data show call loans at 349 percent and outside loans at 34 percent. Commercial loans run 4 to 6 percent, with collateral loans at 5 to 10. Year money at 4 to 5. Bar silver in New York at 57 1/2. Exchanges show Boston $22.25 million versus $29.78 million a year ago, with Sub-Treasury credit at $70,795. Foreign exchange firmer with sterling at 4.85 1/2 dollars, francs 6.17, marks 87 1/2.
MENTIONED IN THIS ARTICLE
New York
Boston Reserve Bank
New York Funds
Ceeseecse Creees
Boston
Seee
Treasury
Eeneseres
Ceresesees
Palancet
Esseres
Santa Fe Copper to Sell Bonds
The Santa Fe Gold and Copper Mining Company announces a proposed sale of $250,000 seven percent convertible first mortgage real estate bonds to stockholders at nine. More than $100,000 has already been guaranteed. the company had $117,645 notes payable. Cash and accounts receivable were $1,600 with $10,760 supplies on hand. The company's shares are listed on the local stock exchange.
MENTIONED IN THIS ARTICLE
Santa Fe Gold & Copper Mining Company
Local Stock Exchange
United Light and Railways to issue notes for investors
Halsey and Co of this city offer 1 500 000 six percent notes dated January 1 1915 maturing 1915 20 inclusive. United Light and Railways owns 14 public service companies serving Illinois Iowa Indiana Michigan and Tennessee across 638 communities. Notes secured by 2 000 000 first and refunding six percent bonds and offered at a price yielding 6 34 percent.
MENTIONED IN THIS ARTICLE
Halsey & Co
United Light & Railways Co
Cay
Illinois
Iowa
Indiana
Michigan
Tennessee
Charles B. Barnes Named to Massachusetts Pending Insurance Company
Charles B. Barnes has been chosen as a key figure at the Massachusetts Pending Insurance Company, with duties announced and official confirmation expected this month.
MENTIONED IN THIS ARTICLE
Charles B. Barnes
Massachusetts
Insurance Cormany
Steel market swings as minimum price cut provokes gutter trades
The steel common minimum was reduced to 43 amid scarce demand with trades moving in the gutter market at 43 and only 41 bid later. Major exchanges urged margins to 3 on steel while earnings and dividends for 1914 1915 spur cautious prospects. Massachusetts Electric shows earnings up modestly though surcharges cut surplus. Auction room activity reflected broad declines across mills and tax exempt bond offerings attract strong demand from Boston financiers.
MENTIONED IN THIS ARTICLE
Stock Exchange
Massachusetts Electric Companies
Pennsylvania Sells $49 Million in Railroad Bonds
The Pennsylvania Railroad Company yesterday sold 349,000,000 of its consolidated mortgage 4 1 2 per cent gold bonds due August 1, 1960, to Kuhn Loeb & Co. The sale closes the 1873 mortgage and makes the bonds a first closed mortgage on the road's property.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad Company
Kuhn, Loeb & Co
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