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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
Jun 17, 1911
Page
12
Markets show a softer tone with New York and Boston daily totals and leaders listed. The market opened above prior close then cooled, rails weak, copper strong, concerns on dividends for Denver Rio Grande and Virginia Carolina Chemical. Granby ore reserves cited. Granby treasury strong with $1,000,000 cash and receivables.
Trading in local issues yesterday showed moderate volume with copper and industrial stocks moving similarly. North Butte declined amid talk of a 30 cent quarterly dividend possibly being passed, while others claim improvements support the current dividend. Steel common weakness weighed on related issues like Shoe Machinery as buying on the dip appeared solid but the overall tone remained easy and slow at close.
The Boston Market reports on June 16 with the course of stock and bond prices, total sales, and comparisons to the prior close. It highlights market movement and financial activity for that trading period.
East Butte Copper Company will begin publishing quarterly statements of output and estimated net earnings next month. Over the past six months the firm produced 1,000,000 pounds of copper monthly with net earnings near 50,000 dollars. At current copper prices the company shows a profit of about 4.445 cents per pound.
Notice is hereby given that the regular quarterly dividend of 246% has been declared June. The preferred and common capital stock will be paid June 30 to stockholders of record June 26. Books close June 26, 1913. Charles A Farley treasurer.
Fringe financial notice shows James Shay & Co of Boston offering Dover White Marble Bonds via GO State St Boston. Interpreting the text suggests a sale or solicitation to all interested parties with price and stock references. The fragmentary message references FF 0 Box 1572 Boston and suggests a public or private sale mechanism.
Yesterday's curb market saw Majestic rise on favorable tips from the field, with patterns echoing past price surges followed by declines. Amalgamated Nevada fell sharply from 71-2 to 61-2 cents, then edged to 1-2 cent recovery, while South Lake climbed from 8 1-9 to 9 3-4 with a day’s close at its high.
Westbrook and Lowell bonds awarded and notes issued with details on dates maturities discounts and prices. Aquidneck National Bank provides a 60 000 loan in Newport while Pan aipa bonds are heavily oversubscribed. Illinois Central reports record gross earnings for year ending April 9.
Clerical entry notes the Brooklyn Union Gas company closing certain accounts tied to Virginia Car Chemistry and preferred stock. The record records cancellations and financial adjustments affecting issuer and holders within a municipal or corporate filing.
Bradstreet's state of trade shows slack-water conditions with quiet overall govern. Retail gains from good weather and discounts contrast with weak distribution and conservatism due to crop and tariff uncertainties. Copper rises on sales and sentiment. bank clearings up 1.3 percent. weekly business failures total 212. Canadian trade improves with strong crop prospects. Montreal rains aid crops and fall orders rise.
R G Dun weekly review notes improved business confidence with growing crops and larger harvests. Trade activity shows some gain, though purchases remain cautious. First hands stocks stay strong, production curtails persist in dry goods, and exports of cotton goods rise year to date.
State run to hotel notices announce a hill climb at Thurlow Hill in Poland Springs under Maine Automoblie Club management. The course runs 2 3 of a mile with steep grades as entrants from Boston prepare for racing at Brighton Beach Motordrome on July 8.
National League President Lynch announced the protest of the Pittsburgh club against the Pittsburgh Cincinnati game on May 27 was disallowed. He stated Umpire-in-Chief Klen supported Umpire Doyle that Hun te of Pittsburgh did not legally reach home on the tag, so no appeal could be made as the decision rested with the umpire.
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