Market Declines and Lead Gainers Across Cities
Daily price movement reports show New York and Boston trading activity with total shares traded. Highlights include May's Dept. Stores rising in New York and Ahmeek Copper advancing in Boston, while U. S. Rubber common and Norwich & Worcester R. A. fall in their respective lists. Credit conditions soften with call and time money rates varying by city.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
U. S
New York Market Ends Mixed After Early Selling
Stocks faced selling pressure at the open with Amalgamated Copper U S Steel and Union Pacific leading declines. Gold shipments to Paris climbed to 8 million dollars in a week while the Bank of England’s gold reserves fell sharply.
MENTIONED IN THIS ARTICLE
New York
Amalgamated Copper
U. S&. Steel
Union Pacific
Paris
Bank of England
Congoles
London
Kansas
Oklahoma
Texas
United States
Dividend Notices Public Service Investment Company Declares
Public Service Investment Company of Boston Massachusetts declares a quarterly dividend of 1.50 per share on preferred stock and a semiannual dividend of 2.00 per share on common stock payable August 1 1912 to stockholders of record July 16 1912 Transfer Agents Stone Webster
MENTIONED IN THIS ARTICLE
Boston
Massachusetts
Public Service Investment Company
Stone , Webster
Massachusetts Gas Companies Declares 1 Percent Dividend
A dividend of 1 percent has been declared on the Common Shares of the Massachusetts Gas Companies, payable August 1, 1912 to holders of record on July 15, 1912. E. M. Richards, Treasurer.
MENTIONED IN THIS ARTICLE
Massachusetts Gas Companies
E. M. Richards
Boston Market Recovers Slightly as Shannon Rises on Earnings
The Boston market moved with the New York trend as Shannon and Smelters common saw early attempts to rise but faced heavy offerings. Shannon trades near 17 on earnings growth for quarter ended May 31 of 231 045 dollars, with six month earnings 358 344 dollars. Prospects of a fall dividend grow as metal prices stay strong. Other Lake Superior stocks, Butte & Superior, and Amalgamated dragged. overall close below Wednesday’s finals.
MENTIONED IN THIS ARTICLE
Boston
New York
Shannon
Smelters Common
Amalgamated and Steel Common
Shannon-Arizona Railway Company
Lake Superior
Butte & Superior
Amalgamated
Market Summary of Boston Copper Shares and Odd Lot Prices
Davis Daly and First National battled for center stage with price slips noted. Davis Daly closed at 2 after dipping from 23-16 to 1413-16, while First National ended at 13-4 from 23-8 to 11-2. Bay State Gas traded at 20 and 21 cents and Houghton Copper hovered near $10. Ohio Copper stayed around 50 cents, and Lion Hill Consolidated reached a new high of 84 cents for odd lots. Corbin Copper and Calaveras were listed among notable movers.
MENTIONED IN THIS ARTICLE
Davis Daly
First National
Bay State Gas
Houghton Copper
Ohio Copper
Lion Hill Consolidated
Corbin Copper
Calaveras
Boston Ely
Eeeenvee
Corbin
Cortez
Eagle & Blue Bell
Ely
Houghton See
Nevada
Douglas
Utah
South Lake
Superior & Globe
Smoky - Dev
Money Markets Steady With Light Business and Slight Demand Rise
The money market shows virtually no change with light business. Slightly higher demand for commercial paper appears, with rates at 4 1 4 to 4 1 2 percent for four to six months. In New York call money stood at 2 7 8 percent. Time funds quoted 3 1 4 percent for 60 days, 8 1 2 percent for four months, and 4 to 4 1 4 percent for six months. Local money rates and foreign exchange quotes followed.
MENTIONED IN THIS ARTICLE
New York
Call Money
Agi Vis
Enee
Boston
Boston Sub-Treasury
Bar Ailver
Eee
Reichamarks
Eeeccaneeereseees Guilders
Eeesvenese Eererterseeres
Dividend notices from New Hampshire Electric Railways Harbison-Walker Refractories and more
New Hampshire Electric Railways Company declares semi annual 2 percent preferred stock dividend payable August 1 to holders of record July Harbison-Walker Refractories Company offers usual quarterly 11 2 percent preferred dividend payable July 20 to holders of record July 10 E H Gay & Co 3 percent in liquidation payable by James M Olmstead estaedido
MENTIONED IN THIS ARTICLE
New Hampshire Electric Railways Company
Harbison-Walker Refractories Company
E. H. Gay & Co
James M. Olmstead
Pela
Market Headlines Signal Turbulence Amid Mixed Copper News
New York trading showed light volume with over one third of activity in the last hour as stocks swung between gains and losses. Copper speculation prompts talk of reserves and dividends while larger market forces point to a crop outlook and record financing by rails and industrials.
MENTIONED IN THIS ARTICLE
New York Exchange
Shannon copper output compares with 1911 June figures
Shannon in June produced 1,270,000 pounds of blister copper, up from 1,008,000 in June 1911. Thompson Towle & Co say the Shannon Copper Company may begin dividends this fall at $2 per share, with an initial 60 cent quarterly payment if metal markets stay strong. Mayflower drill No 19 hit conglomerate at 1325 feet. Old Colony Trust named transfer agent for Suctiaugar Texas Power & Light and BD. T Slattery Co.
MENTIONED IN THIS ARTICLE
Shannon
Thompson, Towle & Co
Shannon Copper Company
Old Colony Trust Company
Suctiaugar Company
Texas Power & Light Company
BD. T. Slattery Company
Cotton market activity and price firmness after Liverpool close
Trading in cotton markets yesterday remained fairly active with a later lull. Liverpool quotations were strong for the holiday while American markets were closed but did not resist selling from the United States and the Continent.
MENTIONED IN THIS ARTICLE
Liverpool
America
Bradstreet's Review: Trade Turns Optimistic Amid Strong Copper
Bradstreet's Review notes a generally favorable week with moisture in the Northwest aiding crops, strong steel output, and rising retail demand due to midsummer activity. Copper prices stay firm as producers resist heavy sales. Bank clearings reach 3.21 billion dollars, up 18 percent year over year, while weekly failures total 170. Exports show large wheat and minor corn shipments, and Canadian trade remains steady with favorable crop prospects in the Northwest. Montreal reports satisfactory business under seasonal effects.
MENTIONED IN THIS ARTICLE
Chicago
New York
Bradstreet
Northwest
South
United States
Canada
Telegraph
Bradstreet’s
Montreal
Trade outlook improves amid summer slowdown says Dun
R G Dun Weekly Review of Trade reports satisfactory business with expanding optimism across US trade centers. Dry goods markets quiet due to holidays, cotton mills well employed, woolen goods rising, worsted yarns firm, leather activity quiet, country hides rising, and European markets softer with price declines at Paris auctions.
MENTIONED IN THIS ARTICLE
New York
R. G. Dun & Co
Review of
Paris
Grain markets fall as heavy selling drives futures lower
Grain markets swung downward amid heavy liquidations and shorts cover. Old crop futures for wheat and corn posted sharp declines with wheat down about 14 2 and 11 4 3 2 in the three contracts, corn down 21 8 1 4 21 2 5 8 and 37 2, oats down 13 4 15 8 and 11 2.
Philadelphia Markets Close Stock Highlights
Philadelphia markets report lists multiple stocks with figures including Am Cities 881-2934 Baldwin 105 3 4 Cambria Steel 43 3 4 Phila Wico trio 221 8 3 8 and United Gas 88 6 3 7 8. Other entries include Lehigh Valley 841 4 1 2 Union Traction 611 3 8 8 and Lake Superior 52 3 4 383 1 4.
MENTIONED IN THIS ARTICLE
Baldwin
Cambria Steel
Phila Wicotrio
Tonopah Belmont
Tonopah Mining
Lehigh Valley
Rapid Transit TC
Union Traction
Lehigh Navigation
Lehigh Valley Transit
Preferred
United Gas
Lake Superior
Phila Co
Bond Market Readings Mixed Across Issues
Atchison and St Paul convertibles held at steady demand while tobacco issues stayed firm. Other bond prices showed irregular moves across the session.
MENTIONED IN THIS ARTICLE
Atchison and St. Paul
Cambridge bids sought for 260000 temporary loan
Cambridge Massachusetts will accept bids until July 8 at noon for a temporary loan of 260000 maturing October 10 1912. Consumers Power Company of Saint Paul filed a trust deed for 5000000 to secure a second mortgage on Minnesota and Dakota properties in favor of Standard Trust Company New York. The move precedes a merger between Consumers Power Company and Minneapolis General Electric Company. New York Public Service Commission has granted permission to New York State Railways Company to issue 50000000 bonds at 4 1 2 percent for 60 years to enable a merger with Syracuse Rapid Transit Railway and Oneida Railway Companies.
MENTIONED IN THIS ARTICLE
Cambridge
Mass
Consumers’ Power Company of
58T. Paul
Minnesota
Dakota
Standard Trust Company of
New York
Consumers’ Power Company
Minneapolis General Electric Company
New York Public Service Commission
New York State Railways Company
Syracuse Rapid Transit Railway
Oneida Railway
Pittsburg Market and Commodity Quotes Snapshot
Market listing shows Kaei Gas 9 percent dividend, Ohio fuel and Oklahoma water futures, Pittsburg coal and "Pitt" stocks, with bid and asked prices for July contracts. Notable figures include ex-d, ex-M Co 1.90 to 2.00, and West Air and West Mach quot es.
MENTIONED IN THIS ARTICLE
Kaei Gas
Mfre
Lt & H
Ex-D
Ohio ‘Uel
Okla Wat
Pitts Br
S & Big Pitts P
San Toy
West Air Br
Innes
Lodge Defends Andrew as Efficient in Treasury Row
Senator Lodge rejected Secretary MacVeagh's claim that A Pratt Andrew was asked to resign for inefficiency. He called the assertion absurd and defended Andrew's tenure in the Treasury Department.
MENTIONED IN THIS ARTICLE
Washington
Senator Lodge
MacVeagh
Treasury Department
A. Pratt Andrew
Treasury Turmoil Prompts Cabinet Resignations Rumors
The text describes a turbulent Treasury scene after Andrew’s resignation letter to President Taft. It cites alleged reforms saving $320,000 as director of the mint, MacVeagh’s efficiency criticisms, and potential resignations among officials. It notes Taft’s cabinet dynamics and a looming congressional inquiry into the Treasury spat.
MENTIONED IN THIS ARTICLE
Harvard
Eliot
National Monetary Commission
Mint
Andrew
MacVeagh
Treasury Department
Taft
Taft declares Treasury row a closed incident
Beverly July 1 President Taft said the Treasury Department controversy that led to the resignation of Assistant Secretary Andrew was a closed incident as far as he was concerned.
MENTIONED IN THIS ARTICLE
Beverly
Taft
Treasury Department
Andrew
Samuel N Brown Dies At Swampscott Summer Home
Samuel Newell Brown vice president of Fairbanks Scale Company and Boston financier and clubman died at the New Ocean House Swampscott where he spent summers. His Boston address was 1118 Commonwealth Avenue. He leaves wife Charlotte Thompson Bradford and son Harold Brown, an aviator. funeral date not yet fixed.
MENTIONED IN THIS ARTICLE
Samuel Newell Brown
Fairbanks Scale Company
Boston
New Ocean House
Swampscott
Mr. Brown
Commonwealth Avenue
Charlotte Thompson Bradford
Harold Brown
Pettigrew Funeral Held for Boston Park Superintendent
Funeral service for John A. Pettigrew, superintendent of the Boston park system since 1897, was held yesterday morning at the Franklin Park family residence. State and municipal officials attended.
MENTIONED IN THIS ARTICLE
John A. Pettigrew
Boston Park System
Franklin Park
Metal markets show copper steady while tin weak at New York exchange
At the New York Metal Exchange yesterday copper held firm while tin eased. Lead and spelter were steady, with standard copper prices quoted for several months and copper filings noted. London’s market closed with copper futures and spot listed, along with lead and tin prices and tonnage figures.
MENTIONED IN THIS ARTICLE
New York Metal Exchange
Standard
London
Also Mentioned on This Page
Kidder, Peabody & CO
Devonshire Street
Albany
Worcester
Providence
Springfield
Hartford
Giroux
Indiana
Island Creek
Isle Royale
LaSalle
Maine Central
Mason Valley
Miami
Ny&nh Ee
Nor Or
Old Colony
Swift & Co A
St Mary’s See
Utah Cop Co
Winona
Wolverine
E Wears
Pittsburg
New York Market
London Market
Smelt & R
At& SF
At&sfpf
Atl
Den
See Eee Eee
Eter
Eee Eee
Erie
Tof Ee
Nor of Tenee Ean
Gug' Exp Co
Int Corp of
Inter-Met
Nt Harvester Serene
Lorillard Co
Louis Nashee
Mackay Store
May Dept Store
Mex Pet Co
Nyc&kw
Nor & West
Nor Am
Pitts Coal
Seeeee
Pitts Coal Vt
Pitts Steel of
Seeee
Pub Ser
N J
Rock Island
Rumeley Co
Sears-Roebuck
Studebaker
U S Rubber
Wabash Ee A
E. Ee
Steen Wees
Woolworth Co
Woolworth Pf
West Union Tee Eee
Eesee Eeevrer Ee
TGY
Anaconda Mining Berer Eee
Atchison, Topeka & Santa Fe
Baltimore & Ohio
Canadian Pacific
Erceeerees
Ais
Chesapeake & Ohio
Chicago Great Western
Milwaukee & St Paul
de Beers
Denver
Fo Grande
Ceeeee
Ccc
Pennsylvania
Rand Mines
Southern Railway
Southern Pacific
Wees Eteerseenerasn
United States Steel
Eeeereeeernee
Boston Stocks
Gulf
Dugar
Tef & Fei
Oolen P
Amoske
Arizona
Arnold Ee
Cal & Arisona
British Columbia
Consol
Money Markets
State Street
General Electric
Mississippi
Calumet & Hecla
Osceola
Tamarack
Allouez
Ahmeek
Superior
Centennial
Europe
Lavvehpoor
Ahi
Dun
Minneapolis
Ewe
High Point
Low Point
Cord High Point
Rubber Common
Philadelphia
Stock Hy Ae
du Pont de
Asn
Hocking
Te Armour & Co
Indiana Steel
Sweer Trust Co
At&sf
CLL& N
A &O
A &O Sia > Seenee 7914 Kings Co Ei 4S Balt & O
Balt & O
Cal ‘Gas & Flee i List & M
Ches & O
Chee &Co
Knox
MK & T
Cc B & Qui
Mk&t
MK &T
Pac-C
Sete Ee
Cm&s&tp
Serene Seers
N . Rwy Adj
C . Nwn Gol
C&nwmbe&n
Seeree
Cstpméim
Nort & Son
Nort & W
North Pacific
Pacific
Penn
Hensitia
Rio G
Joe Gide Cigs
My M& P
Eeeves
Stlim &S$ Ie
San Agap
Seab Air Line
Stampe
Seab A Ladj
Gewese Sci Val
N E
Texas Co Cvt
Texas & P
Cain
Colum Tr
West Electric
West Maryld ‘S
West Union
West Shore
Central
Atlanta
Emijohn
Chain
Idaho
Ron Bros
Butler
Victoria
Wilbert
WEC Tunnel
Dragon
Black
Ae Ongo
Ced Talisankee
Coling
Pittsburg Market
Lodge
McVeagh
May
Treasury
Cox
Chatman
House
Ohio
Ralph
Bureau of Printing and Engraving
Royal E. Cabell
Internal Revenue
McClung
Murray
Treasury Row
Samuel N. Brown
J. A. Pettigrew Funeral
Metal Markets
Chicago Market
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