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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 24, 1912
Page
12
An editorial notes the 1912 NYSE volume to July shows high share totals but overall weak public speculation. Bond trading rises while stock volumes lag, signaling shift to new securities and unlisted issues. The piece argues speculation persists in newer instruments and contends outlook remains uncertain.
A comparison of NYSE sales volume with security price records reveals three striking facts. The report notes a drop in stock transaction volume alongside rising prices and suggests a correlation between activity levels and market strength.
The piece reflects on historic market booms and busts from 1901 to 1907, noting how consolidation amid rails and new giants fueled rapid price rises. It argues future speculation will spread across diverse stocks, with earnings variability and a smoother overall cycle as conditions normalize.
The money markets show firmness with strong demand for time funds especially four and five months. Call money on the NYSE yesterday stood at 27 8 percent while time funds ranged 31 4 percent for 60 days and 31 2 to 33 4 percent for four months. Five and six month rates were 4 percent and 4 14 percent respectively. Other rates include time loans short dates 4 41 4 percent and six months around 4 1 043 percent. Commercial paper at 4 14 percent. Boston and New York clearings and balances are listed.
The July 2 cotton market was quiet but steady with prices edging higher. Southern traders remained bullish on tighter stocks and demand for all but the lowest grades, while expectations pointed to a bullish August bureau report near 78 cents. Liverpool quotations noted.
Closing bid and asked prices for Philadelphia stocks include American Cities 53 to 54, Cambria Steel 44.5 to 44.14, Whila Electric 21 3 4 to 21 7 8, Storage Battery 41 40 to 41 4, Tonopah Belmont 95 1 8 to 96 1 8, Tonopah Mining 6 1 2 to 7, Lehigh Valley 83 14 to 83 18, Rapid Transit 26 1 2 to 26 3 4, Union Traction 51 to 62, Lehigh Nat 90 4 to 91 4, do T C 90 1 4 to 91 4, Lehigh Valley Trans 14 to 14 1 4, do pfd 29 1 2 to 30 0 0, United Gas 88 1 4 to 88 4, Lake Superior 82 1 2 to 83 2 0, Phila Co 51 1 2 to 52 0 0, Asphalt 19 1 2 to 21, do pfd 63 4 to 64 4.
Granite Cotton Mills Corporation declares regular quarterly 1 percent dividend payable Aug. 1. Southern California Edison Co. pays a $1.25 per share common stock dividend on a record date July 3 and payable Aug. 15. National Carbon Co. issues regular quarterly 1 percent on preferred stock with books close Aug. 5 reopen Aug. 16. J G Brill Co. offers 1 percent on preferred stock payable Aug. 1 with books close July 26 reopen Aug. 1. Renfrew Manufacturing Co. pays quarterly 1 percent on preferred stock payable Aug. 1 to stockholders of record July 25.
Ex dividend listings note Claffin Co and United Cigar Mfrs with common and preferred shares among today’s calendar items. The brief entry catalogs warrant holders and corporate actions in a concise market note style.
Yesterday's market notes show total New York sales at 197 400 shares and Boston at 14 931 shares. The top New York issue was Steel common with 35 600 shares traded, while Utah Consolidated led in Boston with 1450 shares.
New York July 23 sentiment turns bearish after reports on the Stanley committee draft for United States Steel. Steel leads the selloff with Reading and Union Pacific under persistent pressure. Electricals rise on dividend hopes. money markets ease slightly for short maturities. Total par value sales by brokers around $1.445 million.
Boston market dull amid firmer copper prices. New England Telephone climbs from 150 to 154 while Butte & Superior slips to 41 1 8. United Fruit nears record highs at 207 1 2 as analysts discuss likely 10 percent extra stock dividends and their impact on value and reinvestment strategy.
Classified notice lists Investments located at 53 State Street Boston Massachusetts with contact numbers 460 461 462 Main. Readers are directed to reach out for service details and address confirmation.
Dealings were in fair volume yesterday on the local id market. New York buying Davis Daly attracted the most attention while Eagle and Blue Bell were notably weak. The report notes fluctuating official sales.
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