Narrow Stock Market Slump Capped by Interborough Rumor
Trading narrowed with 203 900 New York shares and 16 042 Boston shares. Union Pacific and Am Tel & Tel were top movers in NY and Boston respectively. Interborough contracts shock lingers as market eyes the reciprocity vote and Intermet preferred slips from open. Canadian Pacific nears 250, signaling rising interest amid a cautious market.
MENTIONED IN THIS ARTICLE
New York
Boston
Union Pacific
Am. Tel. & Tel
Minn
St. L. Prof
Calumet & Hecla
Time Money
Brooklyn Rapid Transit Company
Interborough Securities
Inter-Met
Interborough
New York Traction
Canadian Pacific
Local Market Sees Dull Volume Amid Firm Tone
Trading in local stocks was light though prices remained firm with most activity in Western Telephone and American Telephone. Nipissing saw cautious holders selling while American Zinc and Calumet & Hecla drew attention to the annual report showing strong copper prices and earnings, and Daly West reports cash with a $54,000 dividend. William H. Hill elected to the Exchange Trust Company board and Calumet & Hecla plans its August 16 annual meeting.
MENTIONED IN THIS ARTICLE
Western Telephone Common
Calumet & Hecla
Stock and Bond Market Roundup From Boston Market
The Boston Market reports the day’s stock and bond price movements with totals and comparison to the previous close. The section lists bond prices and notable changes across issues.
MENTIONED IN THIS ARTICLE
Boston
Copper Range rock yields rise at Trimountain Mine
Reports from the Trimountain mine indicate sustained higher yield as depth increases. At Franklin, richest rock appears on the south drift at 31st level, while Indiana starts a new shaft northeast of the No 10 drill hole. No 14 at North Lake is down 160 feet with ledge not yet reached and Algomah plans No 6 hole at 600 feet.
MENTIONED IN THIS ARTICLE
T&s B
Ohio
Beth Steel
Goldfield
Lehigh Valley
Louis Nash
Nevada
Soo Nee Orr
New
Nor & West
Soo Pacific Mail
Pitts Coat Seas
Rock Island
South
Texas Pacific
Third Ave
Asia
Union Pacific
Rys Tayicsiss
U S
Utah
West Maryland
West Union
Westinghouse
Wis Central
Trimountain
Franklin
Indiana
North Lake
Algomah
Boston Curb Market Slight Activity With Mixed Shares
The curb market was moderately active with Rhode Island Coal Calaveras Amalgamated Nevada and Porcupine stocks showing gains. United Verde Extension fell seven cents and closed at 8 cents amid narrow price movements. full list of fluctuation details follows.
MENTIONED IN THIS ARTICLE
Rhode Island Coal
Calaveras
Amalgamated Nevada
Porcupine
United Verde Extension
Bond Market Notes From Several Cities
Belmont awards 10000 in 4 per cent bonds including sewer and school issues to Fernald at prices 101.54 to 107.34. Bristol County invites bids for three notes of 10000 each at 4 per cent dated Aug 1 1911. Lowell seeks bids for 44000 4 per cent municipal bonds dated July 1 1911. New York state sells 55 million 4 per cent 50 year bonds with strong bidding. Woburn invites bids for 20000 4 per cent water bonds. Melrose awards 45000 auditorium bonds to Merrill Oldham at 103.089.
MENTIONED IN THIS ARTICLE
Belmont
Mass
George A. Fernald & Co
Bristol
Lowell
Palisades Interstate Park
New York
Clark, Dodge & Co
Harvey Fisk & Sons
Blake Bros. & Co
Boston
Sutro Bros. & Co
Hayden, Stone & Co
N. W. Halsey & Vs
White, Weld & Co
Woburn
Melrose
Merrill, Oldham & Co
City of
Canda
Dividends Declared by Major Corporations
Temiskaming and Hudson Bay Mining Co. issues 300 percent monthly dividend with record date July 27. New York New Haven and Hartford R R pays 2 percent quarterly with record Sept 15. Lyman Mills semi annual 8 percent with record July 20. Books close July 20 reopen Aug 3. Luther Manufacturing quarterly 11 2 percent with record July 17. Federal Sugar Refining quarterly 11 2 percent preferred with record July 28. National Enameling and Stamping Co quarterly 13 4 percent with record Sept 10. Trenton Potteries Co quarterly 1 percent preferred with record July 20. Trenton Potteries Co cumulative 5 percent preferred with record July 20. National Carbon Co quarterly 13 4 percent preferred with record Aug 0.
MENTIONED IN THIS ARTICLE
Temiskaming & Hudson Bay Mining Co., Ltd
New York, New Haven & Hartford R. R. Co
Lyman Mills Corporation
Luther Manufacturing Co
Federal Sugar Refining Co
National Enameling & Stamping Co
Trenton Potteries Co
National Carbon Co
Bradstreet's Review Preview Sees Mixed Trade Outlook
Bradstreet's Report notes trade sentiment soft due to uncertain outlooks in cotton goods and raw materials. Rainy weather slows wholesale expansion while summer sales lag and consumer buying remains restricted. Iron and steel remain the bright spot amid tepid overall activity.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
Iron and Steel
Cotton Goods and Commodities: Market Slide Amid Rainfall Hope
The report notes a drop in cotton goods prices due to weak cotton futures with rain improving crop prospects. Weather and crop data push commodities lower but rainfall helps stabilize forecasts, while bank clearings and business failures show year over year shifts. Wheat and corn exports rise week over week, with Canadian wholesale trade described as fair and fall demand expected to be heavy.
MENTIONED IN THIS ARTICLE
United States
Canada
Telegraph
Bradstreet's
Northwest
Montreal
Trade Review Indicates Quiet Yet Sound Business Conditions
R G Dun weekly report notes overall stability with better crop area weather easing crop fears. Cotton goods prices cut to move odd lots. bleached cotton revisions add uncertainty. Export trade favorable, stocks light. dress goods and menswear push spring lines but buyers delay new quotations. Wholesale footwear conservatism persists. leather activity rises with tight supply and strong prices. Packer and country hides show weakness in July cows, foreign markets remain fair.
MENTIONED IN THIS ARTICLE
New York
R. G. Dun & Co
Boston
Calls for Independent Directors at Westinghouse Meeting
Pittsburgh July 18 1911 stockholder letter urges independent nominees at the annual meeting on July 26 to replace several directors and fill vacancies now. It calls for an independent Stockholders' Committee to probe management since 1908 and a by law overhaul to give stockholders control and ensure dividends resume.
MENTIONED IN THIS ARTICLE
Charles J. Cantla
Richard Delafield
Charles A. Moore
Pennsylvania
Mr. Canda
La Salle Copper Co reports 1910 production and assets
The La Salle Copper Company for the year ending Dec 381 1910 shows refined copper output of 472 100 pounds and 35 520 tons of ore stamped with a yield of 13.29 pounds per ton. Treasurer’s statement lists cash assets at 375 701 dollars and bills payable at 15 714 dollars.
MENTIONED IN THIS ARTICLE
la Salle Copper Company
Zombrewer Dominates 2:10 Class At Kalamazoo
In Kalamazoo Michigan Zombrewer aged pacer won the $5000 Rickman Hotel Stakes for 2:10 class pacers in straight heats as Don Labor and Walter W also scored in their races. The program was postponed due to last Tuesday rain and will be completed tomorrow with summaries offered.
MENTIONED IN THIS ARTICLE
Kalamazoo
Mich
Zombrewer
Rickman Hotel
Don Labor
Wisconsin
Walter W
Major Brino
Labor
Kemlin
al Stanley
Ro H. See Densmore A
Wwhite
Charlie Thomas
Loomis
Mitchell
Marth Dillon
Jones
M. Zombro
Snow
Sir R
B. G
Murphy
Vernon McKinney
B. Hy
Buster Brown
James
Fanny Stanton
Maybury
Wsee Casten
Cox
Dodge
Rash
Pac
Brino
Wildbrino
Little Frank
Geers
Blacklock
Blk. H
Dod
King Cole
Grandstand Razed. New One Rising for Comstock Park Meet
In Grand Rapids on July 21, workers began erecting a new grandstand at Comstock Park after a Wednesday fire destroyed the old structure. The steel and wood framework is slated to be completed before next Tuesday when the Grand Circuit harness meet opens, with crews racing against time to have seating ready for spectators.
MENTIONED IN THIS ARTICLE
Grand Rapids
Mich
Comstock Park
English Lawn Tennis Association backs preliminary Davis Cup matches
London reports the English lawn tennis association approved playing preliminary matches for the Dwight F. Davis international cup in America at today’s meeting.
MENTIONED IN THIS ARTICLE
London
English Lawn Tennis Association
Dwight F. Davis
Persecuted says Lewis testifies before House committee
E G Lewis president of Lewis Publishing Co of St. Louis told a House committee on expenditures that he was forced to borrow a large sum to travel to Washington to testify. He described post office inspectors harassing his plant and using coercive questioning of young female employees during an earlier investigation into second class mailing privileges.
MENTIONED IN THIS ARTICLE
Washington
E. G. Lewis
Lewis Publishing Company of
St. Louis
House Committee On
Lewis
Court takes 35 million Lewis property away
The United States Circuit Court ordered E. G. Lewis and his wife to deed to the receivers all property connected with the Lewis enterprises, valued at over 5 million dollars. The court ruled that the American Woman's League property is not included in the order.
MENTIONED IN THIS ARTICLE
ST. Louis
United States Circuit Court
E. G. Lewis
Lewis
American Woman's League
Ohio
Colorado
F. of L Opens Campaign to Aid the McNamaras
The American Federation of Labor launched a national drive to raise funds for the defense of the McNamaras charged with dynamiting the Los Angeles Times plant. The effort includes press appeals and fund-raising items such as picture buttons and stamps for envelopes bearing McNamara imagery.
MENTIONED IN THIS ARTICLE
Washington
American Federation of Labor Today
McNamaras
Los Angeles Times
J. J. McNamara
McNamara
Bay State Street Railway formed from two Boston lines
The Boston and Northern railway and the Old Colony street railway consolidated yesterday into the Bay State Street Railway Company. Officers remain the same. new 14 member board includes P. F. Sullivan as president and R. S. Goff as vice president. Directors added include Philip Dexter and G. L. Stone. The change chiefly affects naming, not operations.
MENTIONED IN THIS ARTICLE
Boston and Northern Railway
Old Colony Street Railway
Bay State Street Railway Company
P. F. Sullivan
Robert S. Goff
Charles Rockwell
J. H. Goodspeed
Mr. Goodspeed
Philip Dexter
G. L. Stone
C. E. Cotting
Charles Francis Adams
Gordon Abbott
C. F. Adams
J. &. Bartlett
C.’ BE. Cotting
J. H. Cunningham
B. D. Carell
R. S. Goff
Also Mentioned on This Page
Undertone
William E. Soule
William H. Hill
Exchange Trust Company
Daly West Mining Company
The
Calumet & Hecla Mining Company
Wwe Eee
Sub-Treasury Credit
Sub-Treasury
Ate&sf
West Té&T
Atchison Coseee
Bos & Albany
Bos
S & Maine
Chburg
Maine
Ney & NH
Union Pacific A
West End
Arizona
Nipissing O. SU
North Butte
Old Colony
Edison Elec
O Geo Electric Sae Oko
Mackay Cos
Pullman Co
Swift & Co
United Fruit
U S Steel
Ene
Amalgamated Cee
Ag Chem
Mates Ig Guargiets
Gulf
East Butte
Giroux
Inspiration
Island Creek
Isle Royale
Kerr Lake
Lake
Miami
Ray Consol Sen
Sup & Bos
Eee
Tuolumne Tee Weae
Nor & W Poe
Oregon
Penn
Rome Wa Og Cos
Osie
Richmond & Dan Conyviaal
St. L & S FR
SA & A Pass
Seaboard
TOY
Texas C
Union Pac
West Mary
Westing el & Mfg
West Shore
Wiscon Cent
Boca
Bay State Gas
Rv Boston
Calaveras Toys Leys Yee
East Dome
Ely
First National
Rermany Ween
Widfield
Hollinger Ee
la Rose Nee
Lion Hill
Live Oak
McKinley
Massoletti Ee
Nevad
Utah Se Ae Ak
Superior & Glote
BAO Stewart Fee Eae E
Smelt & BR
NEW York Bonds
Me Bes Re
Milk Street
Maia
Adams Exp Co
BN Os
Aacwis Ag
Allis Chalmers
Ity
S Am Hide & Leather
O Am Ag Chem
Smelt & Ref
Ann Arbor
Armour
B& O
BOM
Ethlehem Steel
Bkiyn Rap Tran
Hes & Ohio
Iowa
M & St
Dayton & Ir
Green Bay
CES & M
Lake Shore
Long Island
St Ry
Mid State
K &T
Butte Coalh Isl
British Columbia
Chicago Subway
Seo Cobalt Central
Ariz
Ely Central Tee
Too Bay
Charles A. Stoneham & Co
State Street
Beck Tunnel
Cedar Talisman
Columbus Consolidated
Crown Point
Oaly
Lower Mammoth
Mountain Lake
Mason Valley
Chicago
Field & Fay
Apex Ooo
Central
Pearl Lake
Vipond
Tee
Preston East Dome
Tisdale
United
Bradstreet’s
Dun
Pittsburgh
Westinghouse Electric & Manufacturing Co
Marsh
Merchandise Creditors Committee
Pittsbur
Joseph W
DE Ocr Ouigons Essiiva
Venene
Eid Awe Ee
Ome
SKN
Rich Rickman Hotel
America
P. C
F. of L
Northern
Thomas A. Maloney
Congress St
J. Thomas Reinhardt
King St
Toronto
Broad St
N. Y
James Shay & Co
State St. Boste
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