Local Market Cites Bond Gains and Stock Shifts in New York
United States bonds closed higher with Panama 2s up a point and old Ds 34 higher. Dealers tracked in Baltimore and Ohio Southern Pacific Union Pacific convertibles and U S Steel 5s as market stayed steadier. Boston notes highlight mixed price moves with Butte & Superior under pressure after a patent suit decision. Alaska Gold remains active and Lake Superior issues see light trading.
MENTIONED IN THIS ARTICLE
New York
United States
Baltimore & Ohio
Southern Pacific
Union Pacific Convertibles
Unit States Steel
Boston
Butte & Superior
Minerals Separation Company
Butte & Superior Company
Lake Superior
Alaska Gold
Abelias
Atchison
Baltimore& Ohio
Chicago, Burlington & Quincy
St. Paul
Chicago & Northwestern
Illinois Central
Lake Shore
New York Central
Reading
American Telephone Collateral
Brooklyn Union Gasis
New York City
City of Boston
Central of
Bay State Gas
First Nations Copperexican Metals
Butte & London Development
T & London Development
Butte
Butte & London
Calaveras
Cas Aes
Cortez Pital Kanes
Davis
Houghton
South Lake Ee
Investing in bonds shows yield trends across years
The editor analyzes rising capital costs and bond values, noting prices troughs and income yields. A comparison using high grade bonds from 1893 and later years illustrates how yields move opposite to price and emphasizes the opportune time to buy bonds for investment amid financial caution.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Bond markets flare as yields rise prompting caution
Analysts compare the 4.40 percent yield in 1913 with earlier levels to show investors face higher costs for new capital. They warn banks may cap financing as money becomes scarce, urging clients to buy bonds before rate relief fades and prices rise.
MENTIONED IN THIS ARTICLE
Bank of England
Bank of France
Bank of Germany
Atel Works Declares Quarterly Dividend on Cay Stock
The Atel Works Company announces a quarterly dividend of eight dollars per share on Cay stock. The dividend is payable in August 1918 to stockholders of record at the close of business on a specified date. Transfer Agents are noted in the notice.
MENTIONED IN THIS ARTICLE
le Works Company
Eiseas
Market Highlights and Stock Activity Across New York and Boston
Yesterday’s total sales 230 000 shares in New York and 17554 in Boston. U S Steel led New York activity with 42700 shares while Butte & Superior topped Boston. Year to date totals show New York 75511400 and Boston 7398689 shares. Wells Fargo rose in New York, Reading fell. Old Colony led Boston gains, Calumet & Hecla led losses. Call money in New York 2 1 4 percent. Boston 3 to 3 1 8 percent.
MENTIONED IN THIS ARTICLE
New York
Boston
U. S. Steel
Butte & Superior
Wells, Fargo
Reading
Old Colony Railroad
Calumet & Hecla
Time Money
Stock Market Offers Mixed Activity on Slower Day
New York traders faced a reactionary tone with light volume and little new news. Government bonds weakened with Panama 3s lower, while London and Berlin purchases touched Eries, Amalgamated Copper, Union Pacific and Canadian Pacific. Steel Corp quarterly earnings showed a drop from the prior period.
MENTIONED IN THIS ARTICLE
New York
Panama
London
Eries
Amalgamated Copper
Union Pacific
Berlin
Canadian Pacific
Steel Corporation
Melrose Deed Awarded Amid Bids from Nominees
The Melrose grant of $25 000 dated July 434 provides a deed with no maturing balance of $2500 payable every July 1 through 1923 inclusive to A and Banger. Other bidders included B Adams and Co and Mill Oldhamham and Co.
MENTIONED IN THIS ARTICLE
Franklin
Mass
Watertown
Miller
Harris Forbes & Co
F. L. Keller
Ae & Co. Bond & Goodwin
R. W. Pressprich & Co
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