Crops and Crop Moving Feature Teased for Week
A preview notes a special story on crops and crop moving to appear later this week. The article promises data and commentary on agricultural transport and storage implications.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 16, 1913
Page
14
A preview notes a special story on crops and crop moving to appear later this week. The article promises data and commentary on agricultural transport and storage implications.
Wheat showed fair strength early before selling off on hedge and speculative pressure with poor support. Corn firm on hot weather damage but closed lower on mixed signals alongside wheat. Minnesota and Chicago receipts and export sales data cited for wheat corn and oats, with detailed year end income figures for the American Glue Company.
Cotton market shows moderate activity with gains of 5 to 7 points on covering as fears of drought and heat in the Southwest persist. Weather remains warm though not as extreme as last week, with a favorable eastern belt and general moisture shortfalls in the West. July moves higher with strong interest in October, but overall trading is light and lacks decisive features.
Gold sales to Paris drive conservatism among bankers with a $1.5 million added demand, part of a $5 million target. London discounts ease with 60 day paper predominating. New York call funds touch 2 to 2 1/4 percent while time funds rise across 60 to 180 days. Local and foreign exchange rates show mixed movements as Boston and New York clearings list large totals.
Boston stock notes show exdividend and ex-rights actions with total gates 14 024 shares and bonds valued at 30 500 dollars as part of the trading activity.
Market report shows upward price trend with total New York sales reaching 48,030,000 shares for Jan 1 to date and Boston at 2,921,204. Notable activity lists include Mackay Cos. and Northern Ohio T. & L. Also shown are gains and losses in various lists and changes in call and time money rates.
Trading in New York stocks remained light below 100000 shares but bullish tone improved with higher opens and gains up to two points. Short covering grew as bears faced largest year long interest while European buyers and London activity aided the rally. Traction stocks and Third Avenue bonds led gains as Panama twos eased on call.
Boston July 16 The local market felt a dull day yet posted an overall rise in most issues. Hayden Stone led gains with Butte & Superior up 2 1 2 points to 26 and Alaska Gold up 1/2 to 18. American Zinc rose 1 point to 19 1 4 as silvered by stronger Butte & Superior.
Trading in New York bond markets remained active with numerous issues listed. Key names include Pacific, AT&T, Baltimore and Ohio, and Reading, with totals last reported at 1,185,000 dollars in sales and weekly comparisons shown. From January 1, year-to-date totals stood at 205,797,000 dollars versus 435,250,000 a year earlier.
Metropolitan Storage Warehouse declares 21 2 percent regular quarterly dividend payable July 15 to holders of record July 7. Wampanoag Mills pays a regular quarterly dividend on record July 14. United Cigar Stores declares 11 4 percent on common stock payable August 15 to record August 1. Siegel Stores Corporation declares 184 percent on preferred stock payable August 1 to record. Land Company declares a share dividend payable August 0 to record July 11. Tren rot Company declares 1 percent on preferred payable July to holders of record July 11.
Dr Edwin F Bowers writes in the Post Magazine to discuss the latest scientific findings on diet and health. The piece outlines what foods aid bodily development and offers guidance for readers seeking better nutrition.
Trading on the curb saw Mexican Metals slip from 48 to 42 cents, hitting a new low before recovering to 47 and closing at 44 cents. Calaveras Yukon Gold and First National Copper attracted interest, while Butte rest touched a 12 cent low amid detailed fluctuations.
Suffolk Probate Court cites heirs and interested parties in the estate of Conrad Schultz to appear July 17 1913 in Boston to show cause why the will should not be admitted to probate. Anna Augusta Schultz seeks letters testamentary without bond and must publish weekly notices for three weeks and mail copies to known heirs seven days before the hearing.
Sealed proposals invited for furnishing the Marine Corps with 10 000 woolen blankets in Washington on July 30 1913. Also notices for delivering 10 000 shoe lasts to multiple depots and forage supplies in the Eastern Department with deadlines in July and August 1913. Multiple vendors and offices listed. rates and inspection details available from Quartermasters. bids may be rejected.
The Post reports the Pennsylvania Textile Company plans a full financial reorganization. Rising first mortgage bond prices from the 80s to near par suggest bond cancellations and a new issue to replace existing debt. The total issue amounts to 800000 dollars.
Worcester Massachusetts awards a temporary 800000 loan dated July 16 due October 17 to Blake Bros and Co Old Colony Trust and First National Bank of Boston were bidders The First National Bank bid 100000 The Connecticut River Railroad notes offered by Kidder Peabody at 6 percent yield are one year bearing five percent interest These notes mature in June 1914 with 11 months to run Cincinnati Ohio invites bids for 191500 41/2 percent street improvement bonds maturing 1938 and 50000 41/2 percent sewer bonds maturing 1943
Ex dividend payable dates listed for multiple securities including Amer. Lt. & Tr. com and pfd, Bell Telephone of Penn, Brooklyn City R. R, Central Coal & Coke, Cincinnati St. Ry, Pacific Tel. & Tel., Wells Fargo, Union Natural Gas, and Hudson & Manhattan among others. Reflects 75 cent Anaconda issue.
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