Zinc Stocks Lead Local Trading Despite Mixed Losses
In New York trading 162 800 shares led activity with 48 167 shares in Boston. Reading topped New York lists with 24 900 shares while Butte & Superior led Boston at 16 028. Year to date totals show New York 66 118 900 and Boston 6 289 139 shares, against last year’s 46 952 000 and 3 030 407 respectively. Greatest gains and losses noted in both cities include Lorillard Co and N Y CStL 2d pref in New York and Butte & Superior plus Calumet & Hecla in Boston, while Mass Elec pref fell in Boston. Call and time money rates varied by market.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Butte & Superior
Lorillard Co
N. Y
Calumet & Hecla
Mass
Elec. Pref
West T & T Is
Allouez Seteee Eos
Ag Chem Seer
Ag Ch
Tel & Tel
Bos & A
Boston & Oerbin
Bos & Maine
Bos Elevated
Butte & Sup
Cal & Arizona
Cal & Hecla
Centennial
Con & Mon
East Zomon Lad
Geo Ry & Elst
Giroux
Granby
Greene Can
Hancock
Helvetia
la Salle
Maine Central
Mason Valley
Miami
Michigan
North Lake
Texas
el Pf
Old Colony
Dominion
Vo Osceola Ee
Pond Ork
Quincy
Kay Consol
Santale
Asvsese
Shannon
Seeeeee
Shattuck-Aris
Soos
South Utab
Superior
Swilté& Co
United Fruit
United Shoe
Rly
Sme Tine
US S Smelt Pf
US Steel Weer
Union Pac
Gaa Ieee
Utah Consolieee Aaa
Rae
Utah Cope
Victoria
Eneeee
Winona
Wollaston Land
Market Marked by Apathy in New York Stock Session
New York market shows absolute listlessness with about 100000 shares traded in first three hours of the day and total 162000. Most active issues fluctuated modestly while Canadian Pacific led gains and Harriman and Hill shares lagged. Investor caution rose ahead of money trust inquiry and crop outlook, with some industrials advancing and others retreating as bonds and money conditions drifted.
MENTIONED IN THIS ARTICLE
New York
Canadian Pacific
Harriman and Hill
Union Pacific
Great Northern
Northern Pacific
Amalgamated Copper
Tennessee Copper
American Can
Bethlehem Steel
American Beet
Colorado
Money Trust
London
United States
Zinc stocks push Boston market higher on June session
On a 48000 share day Boston market rose with zinc issues leading gains. Butte & Superior jumped to 51 4 with 16028 shares traded while American Zinc reached 32 4 on 13149 shares as Superior Copper climbed to 39 4 on 4078 shares. Industrial list quiet with Boston & Maine up one to 98 and Island Creek down 1 to 62.
MENTIONED IN THIS ARTICLE
Boston
Butte & Superior
American Zinc
Superior Copper
Amalgamated
Anaconda
Boston & Maine
Island Creek Common
Curb Market Movers In Boston Trading Roundup
Three distinct favorites led yesterday's curb market activity. Laramie rose to 2 1 2 cents from 2 1 2 cents, Verde Extension climbed from 45 to 56 cents, and Nevada Doubles held near 378. Verde Extension strength stemmed from reports of a takeover by Phelps Dodge interests. Bay State Gas Smokey Development and Eagle & Blue Bell also drew interest as detailed fluctuations are noted.
MENTIONED IN THIS ARTICLE
Laramie
United Verde Extension
Nevada Douglas
Verde Extension
Nevada
Phelps, Dodge & Co
Bay State Gas
Smokey Development
Eagle & Blue Bell
STATE STREET TOPICS on market moves and earnings reports
Traders say markets fail to act naturally with liquidation and reactions. Reports show Western Union earnings near record levels, Anaconda Copper and United Cigar Stores expanding dividends, Laconia Car Company thriving, and crop notes on cotton planting and late blooms amid fluctuating prices and rates.
Copper sales and stock moves mix with corporate financing notes
The Lake Copper Company reports 50,000 pounds sold at 17.55 cents per pound, totaling 250,600 pounds for the past month with prices rising to the high. Puget Sound Traction plans a June 27 stockholder meeting to authorize reincorporation in Massachusetts, making stock non taxable in the state. Amalgamated Copper and Anaconda dividends are expected to rise. Brooklyn Rapid Transit outlines a $50 million note issue secured by $700 million in bonds for new subways. Harris Trust alongside First Trust receive a $1.9 million 4 percent public bond issue. Iugan, Mass grants a $200,000 temporary loan to Blake Brothers & Co.
MENTIONED IN THIS ARTICLE
Lehigh Valley
Liggett & Mey
Lornard Io
Louis Nash Ee
Mackay Re
Mahat Eley Tere Ewes
Mer Marine of
Iss
Miami
Seme
Wnee
NYC
Rep Steel
Rock Island
Seaboard
South Pacific
Stance J Milling Ee
Union Pacific
U S
Scip& Ween
SCIP
U S Steel
Utah
West
Union
the Lake Copper Company
Puget Sound Traction, Light and Power Company
Massachusetts
Maine
Puget Sound
Stone & Western
Brooklyn Rapid Transit Company
Central Trust Company
Kuhn, Loeb & Co
Kidder, Peabody & Co
Iugan
Mass
Blake Brothers & Co
Calendar for today dividends payable readings and open books
Dividend dates and books close notices show payments from Reading and Old Company of Maine with 1 percent ex dividends and Westinghouse Electric and Manufacturing Company for magazines, with books opening at National.
MENTIONED IN THIS ARTICLE
Old Com. Co
Massachusetts and national bond issues in review
The notice lists bids and awards for public library bonds in Beverly and Gloucester Massachusetts, temporary and serial loans in Melrose Attleboro Winthrop and Gloucester, and a large 4 percent bond issue in Philadelphia. It notes plans to refinance United States Motor Company debt, Hawaii territorial improvements, Maine water bonds, and the absorption of Bay State Liability into New England Casualty with expanded underwriting capacity and board members named.
MENTIONED IN THIS ARTICLE
Bay State Liability & Surety Company
New England Casualty Company
Treasury Department
United States
McDowell
Massachusetts
New York
Boston
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Butterick Co
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del Lack
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H. C. Gallagher
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Milk St
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Amer
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Dile
Col & Nast
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Syr & Ji
Swi & Co
Dts
Island Creek Coal Company
Wr. W. Batchelder
W. Batchelder
American Zinc, Lead & Smelting Co
American Zinc, Lead and Smelting Company
H. Fabwell, Treasu