Prices Reactionary in Dull Market Points in Yesterday's Markets
Summary of stock activity across New York and Boston with total shares traded to date and changes from last year. Highlights include most active issues Steel common in New York and Butte & Superior in Boston, plus notable gains and losses in Edison Electric and California Petroleum. Call and time money rates are noted for both markets.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Butte & Superior
California Petroleum
Edison Electric
Lake
Time
Market Shows Weakness After Early Rally In New York
New York market slips after brief rally as optimism fades. Investors weigh Supreme Court rate decisions, with rail stocks leading declines and Missouri Pacific down three points. Union Pacific pressure fueled by merger news. London trading active with 20,000 shares here. Bonds steady. total par value sales $1,637,000.
MENTIONED IN THIS ARTICLE
New York
Supreme Court
Missouri
Minnesota
Missouri Pacific
Chesapeake & Ohio
West Virginia
Union Pacific
Harriman
Central Pacific
Canadian Pacific
London
United States
Panama
Copper Range Declares Dividend No 88 for 7 Sc per share
The Copper Range Consolidated Company board declares a dividend of 7Sc per share as Dividend No 88. It is payable on Tuesday, July 1, 1913 to stockholders of record at the close of business on Saturday, June 7, 1913. Fredric Stanwood, Treasurer, Boston, May 29, 1913.
MENTIONED IN THIS ARTICLE
Copper Range Consolidated Company
Frederic Stanwood
Boston
Torrington Company declares semiannual preferred stock dividend
The Torrington Company declares a semiannual dividend of 7 on its Preferred Stock payable July 1, 1918 to stockholders of record at the close of business June 21, 1918. Signed by Treasurer B. Vincent, Boston, June 16, 1913.
MENTIONED IN THIS ARTICLE
Torrington Company
Co. B. Vincent
Boston
Local Market Faces Light Day as Shares Struggle
In Boston on June 16 trade totaled just under 16,000 shares with a handful of issues leading activity. Butte & Superior, Massachusetts Gas, Amalgamated, Steel common, and Alaska Gold were strongest while Massachusetts common and Alaska Gold finished weak. Massachusetts common rose to about 90, spurred by rumors of a 5 percent dividend. North Butte Mining posted $1.613 million net for year to June 1, $3.90 per share on 410,000 shares, vs $4.07 per share last year. Lake Copper showed a discouraging year, while Steel common slid to 52 7/8 and Amalgamated fell 11 4 points. Overall, the market ended irregularly with little decisive action.
MENTIONED IN THIS ARTICLE
Boston
Butte & Superior
Massachusetts Gas Common
Amalgamated
Steel Common
Alaska
Massachusetts
New York
North Butte Mining Company
The
Lake Copper Company
Boston Stocks and Dividends Report
Boston market notes a dividend related assessment paid with total sales of 15,918 shares and bonds valued at $17,000. The item records trading activity and asset totals without broader market context.
Cotton Markets Steady with New Crop Records and Bullish Tone
Liverpool market reports steady demand for spots with a 4 to 8 point rise then a brief setback of about ½ point followed by a gain exceeding 20 points. New crop options hit new highs as bullish sentiment grew. New Orleans Times Democrat noted only up to 3% acreage increase with spotty crop condition. Domestic mill demand supported bullish outlook, crop conditions remained favorable with scant showers forecast in southern Texas.
MENTIONED IN THIS ARTICLE
Liverpool
New Orleans Times Democrat
Texas
State Street Topics: Market Rally Cools and Labor Tensions Rise
The recent sharp stock market rally faded as prices eased in a calmer session. Analysts see no fundamental shift, attributing gains to short covering and expect equilibrium to hold unless new developments arise. Reports from Michigan note Mohawk mine labor unrest under Superintendent Dengler, risking production and dividends. Ahmeek mine area leans on mule labor as trammers resist changes, with labor shortages looming across the Lake Copper district.
MENTIONED IN THIS ARTICLE
Supreme Court
Minnesota
Union Pacific
Pennsylvania Railroad
Southern Pacific
Pennsylvania
Baltimore & Ohio
Harriman
Houghton, Mich
Dengler
Mohawk
Ahmeek
Lake Copper District
Lake Copper stock sinks to lowest price since 1908
Lake Copper stock fell to six dollars a share yesterday the lowest level since 1908 and well below the 1910 high of ninety four. The company’s annual report corroborates earlier bearish projections about barren ground at the lower levels and uncertainty of the lode. Cash assets barely cover current liabilities and development costs, and the fiscal year ending April 30 1913 shows results far from the optimistic forecasts made when shares traded over 90.
MENTIONED IN THIS ARTICLE
Calumet & Hecla
Lake
Stock Exchange Closes In Honor Of Bunker Hill Day
The Boston Stock Exchange will be closed today after a petition by brokers led the governing committee to suspend trading in observance of Bunker Hill Day. Despite expectations of an open session, the 11th hour move to close won broad support, and no trading will take place.
MENTIONED IN THIS ARTICLE
Boston Stock Exchange
Bunker Hill
Calendar for Today Dividends and Meet Dates
Trading updates show dividends payable from Hollinger Gold Mines at 8 percent and Lehigh & Wilkesbarre Coal at 6 14 percent with ex-dividend notes. Listings include Chicago City Ry Consumers Power Michigan Light N Y State Rys and Crescent Pipe Line among others. Meetings noted for Colorado Fuel & Iron Lindsay Ltd Mexican Power & Light Mexico Tramways and VA 8 Motor Co. Books close. details terse.
MENTIONED IN THIS ARTICLE
Hollinger Gold
Lehigh & Wilkesbarre Coal
American Can
Chie
City Ry
Consumers Power
Manhattan Shirt
Michigan Light
N. Y
State Rys
Pettibone Mulliken
Ist
Adote
Crescent Pipe
Globe Soap Co
Great Northern
Greene Cananea Copper
Laclede Gas Light
Com
N. Y. C. & Hudson R. R. Packard Motor Car Co
Western Canada Flour Mills
Meetings
Colorado
Goldfield dropped from ex change and readmitted to curb
Market notes report Goldfield Consolidated being dropped from the New York Stock Exchange and readmitted to the New York curb. The Boston Stock Exchange governing committee votes to close today, June 17, and Greene Cananea stockholders cut shares from 3 million to 600 thousand while raising par value from 20 to 100. American Public Utilities declares quarterly dividends 1.12 percent on preferred and 1 percent on common payable July 1. Middendorf Williams & Co organized to take over a partnership business with offices in New York and Baltimore. Fidelity Trust Company in Boston reports assets of 1,054,129, deposits 403,795, and capital and surplus 600,000. Iron Cap Copper Co reports May smelter returns for four cars: 49,619 tons copper 9.64 percent, silver 4.3 oz, net 1022.12. 48,173 tons copper 10.34 percent, silver 3.5 oz, net 1048.64. 36,634 tons copper 10.95 percent, silver 4.5 oz, net 806.46. 34,624 tons copper 12 percent, silver 3.6 oz, net 824.86.
MENTIONED IN THIS ARTICLE
West T & T
Adventure
Allouez
Tel & Tel
Bos Elevated
Bos & Albany
Bos & Corbin
Os & Maine
Butte & Sup
Cal & Arizona
Cal & Hecla A
Centennial
Chino
Fast Butte
Edison Elec Sewee
Fitchburg Pf
Girouxee
Granby Steer Eens
Greene Caneenee
Hancoc
Indiana
Michigan
Mohawk
Nevada
New Englel
Nipissing
Shattuck-Arisz
Superior-Cop
Sup & Bos
Swift & Coeeeee
Tamarac Eeeeee
Torrington Sence
Torrington Pf
Trinity Or Eeeeere
Union Pacific
United Fruit
U S Smelt
U S Steel See Eee
U S Steel
Utah
Consol
West End Pf
Wolverine
Erie
Goodrich B F Co
Lehigh Valley
Wiles Co
Louis Nash A
Mer Marine St Eee
Mer Marine Pl
Miami
NY Ont&w
Not & Wes
Pitts Coal
St Spring Eee
Rock Island of Ely
Rumely Co
St Louis& Sn
Sl& SF
Seaboard Air
Studebaker
American Public Utilities Company
Middendorf, Williams & Co., Inc
New York
Baltimore
Middendorf, Williams & Co
Boston
The
Fidelity Trust Company
Iron Cap Copper Company
Bond Market Notes and Debenture Payments
Treasurer Siemon of Westinghouse Electric Manufacturing announces that under the July 1 1898 agreement outstanding debenture certificates will be paid at the Bankers Trust Company New York after July 1 and interest ceases. Coupons due July 1 paid there. Everett Massachusetts invites bids until June 19 at 5 pm for a temporary 50000 dollar loan due April 10 1914.
MENTIONED IN THIS ARTICLE
Siemon
Westinghouse Electric Manufacturing Company
Bankers’ Trust Company of New York
Trust Company
Everett
Mass
Grain Market Fluctuations Narrow in Corn and Oats Rally
In a wild opening corn and oats trading session prices swung sharply. Oats rose from 24 to 28 4 with gains around 2 4 to 2 8 4 at the close, corn up about 1 34 to 1 54 4, and wheat finally rallied late with modest gains.
Bond Market Irregularities Tie To Major Convertibles
Prices were irregular with activity in Atchison Baltimore & Ohio Southern Pacific and Union Pacific convertibles and Rock Island collateral 4s. Brooklyn Rapid Transit 4s Interborough Metropolitan 440 and New York Railways adjustments traded. Total sales 1 637 000 dollars versus 1 297 000 Saturday and 2 115 000 a week ago. From January 1 to date 268 007 000 dollars against 380 438 000 a year ago.
MENTIONED IN THIS ARTICLE
Atchison, Baltimore & Ohio Southern Pacific
Union Pacific
Rock Island
Brooklyn Rapid Transit
Interborough Metropolitan
New York Railways
Copper Markets Slip Amid Weak Demand and Shifting Lifts
Copper prices ease as near term demand signals remain soft and supplies adjust. Traders note offers drifting lower with small declines across benchmark contracts while market activity stays subdued and inventories show muted shifts.
Dividends Declared by Multiple Corporations
Dividend notices list Shattuck Arisona Mining Co paying July 5 at 5 percent on preferred stock. Mexico Petroleum Co declares 2 percent on preferred stock with records July 20. International Harvester Co and Pacific Telegraph list June 30 payable dates. New Orleans Railway and Light Co on common stock with June 30 payment and June 19 close. Pacific Telephone declares 1.5 percent on preferred with record June 10 and payable July 15. California Pipe Line Co to pay $1.50 per share with record May 20, 1913.
MENTIONED IN THIS ARTICLE
Shattuck-Arisona Mining Co
Eeical’ Shentee Oe
Ceexico Petroleum Company
Border International Harvester Commctocal Corporation
Orleans Railway & Light Co
Reapers Telephone & Tele 3Acific Telephone & Telegraph Co
Rescent Pipe Line Company
Share Exchange Offer For Giroux Consolidated Mines Co
Stockholders are invited to exchange their Giroux shares for Consolidated Coppermines Co shares. Temporary offices open at 71 Broadway New York City room 1911. Exchange using May 28 circular terms expires at close of business June 30. Joseph B. Cotton vice president.
MENTIONED IN THIS ARTICLE
Giroux Consolidated Mines CO
Consolidated Coppermines Co
Broadway
New York City
Senate finance panel shifts on tariff free list for livestock and wheat
Washington June 16 The Underwood tariff debate pivots as Senate finance committee members move to strike the countervailing duty and leave cattle sheep hogs and wheat on the free list. President Wilson backs free access for agricultural inputs amid a broader effort to equalize raw materials and finished products. The panel later adds a countervailing duty clause or leaves free only for non dutiable sources, while bananas newly placed on the dutiable list fuels American growers. The report also covers shipping news, cargoes and port arrivals as well as a sinking harbor tug and ocean liner departures.
MENTIONED IN THIS ARTICLE
Washington
Senate Finance Committee
Wilson
House
Senate Finance
Senator Simmons
Finance Committee
Simmons
Canada
Argentina
Hitchcock
McReynolds
Record of wharf trade and ship fares at Glong harbor
Activity surged at T wharf with nine mackerel seiners and twenty ground fishermen delivering a large supply of fish. Vessels carried thousands of large and medium mackerel, thousands of pounds of haddock cod hake pollock and cusk. The Evangeline brought 4200 crates of live lobsters from the Provinces, likely the season’s last shipment. Dealers quoted prices for haddock cod hake pollock and mackerel.
MENTIONED IN THIS ARTICLE
T Wharf
Esperanto
Nellie Dixon
Romance
Alert
Corona
Independence
Selma
Clintonia
Evangeline
Haddock
Pol- Haddock
Nettie Franklin
Jeanette
N. J. Nelson
Kee Ignatius Enos
Robert & Arthur
Adelin
Seeeene
Genesta
E. M. Thompson
Esther Gray
Olivia Sears
Ree Georgiana
Shipping Movements Report From Port Vessels Arrive and Clear
Long list of steamers schooners tugs and barges with arrivals and clearances at various ports including Inkula Alcide Hamburg San Jose and Evangeline. notes indicate corrected entries for tug Wyoming and sailing City of Macon and misnaming Carib voyage details.
MENTIONED IN THIS ARTICLE
Inkula
Alcide
Hamburg
San Jose
Davison
Port Simon
C. R. Bygland
Svenningsen
Banes
Cuba
Evangeline
Ellis
Charlottetown
Hawkesbury
C. B
Halifax
Ontario
Bend
Baltimore
Newport News
Norfolk
Newton
Abbott
Suffolk
Hart
Bunker Hill
Crowell
New York
Bay State
Strout
Portland
Germantown
Camp
Philadelphia
Rutherford
Portsmouth
Tabor
Kohinoor
Conestoga
Olsen
Beechwood
Lynn
Hammond
Bethayres
Goucester
Monocacy
Lloyd
Maple Hill
Langhorne
Wiconisco
Catawissa
Sevier
Franklin
Merriam and Neshaminy
Doane
Joshua Lovett
Coffin
Undercliff
N. J
Passaic
Stroudsburg
Dunmore
Neponset
Sears
Plymouth
Hepatcong
Savage
Michalski
Lackawanna
Brophy
Delawanna
Tunkhannock
Chenango
May
Harrison
Maurice River
Dorothy
Reliance
Merriam
Newburyport
John J. Perry
Nelson
Rockport
Chester R. Lawrence
Collins
Ctc
Mary E. Lynch
Robbins
Stonington
Virginia
Graham
Apple River
N. S
Otranto
Mitchell
Yarmouth
Mary
White
Mass
Cymric
Liverpool
James
Whitney
Bobs
Clementsport
Otis Miller
Parrsboro
Annie
Salmon River
Gresham
New _ London
Calvin Austin
St. John
N. B
Eastport
Kershaw
Gloucester
Providence
Patience
Spencer's Island
Canada
J. B. King & Co
Windsor
N. S&s
Phoenix
Richardson
Glendower
Lenape
Cto
Oak Hill
Indian Ridge
Paxtang
Piedmont
Wyoming
City of Macon
Carib
Carbin
Brunswick
Emergency Currency and Market Stabilization
Secretary McAdoo allowed national banks to use 500 million in emergency currency under the Aldrich-Vreeland act, a move credited with stemming a price decline. Some deem it a psychological boost rather than material, and questions arise about fall use and outcomes, to be explored in tomorrow's Boston Post financial feature.
MENTIONED IN THIS ARTICLE
Secretary of the Treasury
McAdoo
Boston Post
Also Mentioned on This Page
Hornblower & Weeks
Congress ST
Chicago
Detroit
Union
Reading
Lake Copper
North Butte
New York Market
Smelt &R
Smelt & R
Realiz
At&sf
Ealt Ohio
Beth
Beth Steel Pf
Ohio
Col South
West Mon
Westinghouse
Wis Central
Boston Stocks
Butte Central
Boston Ely
Butte & London
Bay State Gas
Bohemia Seieeeeses
Calaveras Tere Reese
Davis Daly
Eagle & Blue Bell
Ely Witch
Hollinger
Houghton
South Lake
Marconi New
Anglo Am
Braden Co RF
Big Four
Butte & New York
Davis Dalyee
Stewart
UN Cig
Western Pacific
Igh
Sneer
Eal
High Point
Low Point
da Averag
Dune
State Street
Goldfield Consolidated
New York Stock Exchange
New York Curb
Greene-Cananea
Eereseeee Inc
Inc
Ee Inc
Money Markets
Seetee
Reek
Boston Clearings
New York Clearings
Chicago Market
Minneapolis
Duluth
St. Louis
Kansas City
Toledo
Ask
Hs&m
Canal & D
Pac Gas
el Rys
Subway
Swift & Co
T & Tr
Bhu
Morris
Philadelphia Market
Am Rys
Phila Ves
CT of NJ
Opa
Phila . Tra
Tonopah
Stock Exchange
Nyc
NYC Ate
North Pacific
Nygis
Batis
Batis Eeveee 92% Eeeses
Cstpm&om
Acific
Cc& &Lamid
Jorn Pr
Penncon
Ee & Hudert
del” & Hudrig
Arbor
den & R Grig
Armour & Col Real
Ray Con
Loisves Orv
du Pont
LIM & Sriv
Gulf
Gnl
Lim
San An& A
So Pacific
Beth Steel Ist
Col Ee
Beth Steel
Southern
le& West
Lake S
Liggett & Mis
Cal Gas & Blocks
Liggett É& M
Lorillard Co
Union Pac Ist
Manhattan
Cen Pacific
Union Pac
Sear & O
Chee & O
C & Alton
Qi Tie A
Nyc&s&tl
Atlanta
Alta
Bec
Booth
Florence
Crown Pt
Gold Chain
Jim Butler
Idaho
Iron Bros
Namara
Kin Wm
Midway
Lit Be
Lwr Mam
Montana
May Day
North Star
Opohongo
Res Eula
Prince Con
Ton Bel
Sil Kg Cln
Uncle Sam
Oeneee
Victoria
Wilbert
Metal Markets
Iveri
Cookson's
Tron
Northern
South Southern
Joseph B. Cotton
Hattie Heckman
Long Wharf
Port Limon
Costa Rica
Paul Palmer
Cape Cod
McKinnon
Gulf Stream
Bygland
National Dock
Hamburg-American Line
Mystic
Mary Arnold
Dexter Craig
White Star Inner Cymric
Hoosac
Charlestown
Queenstown
Joseph Adamowski
Dorothy Rundell
Madge Murray
Polly
Lole Emery
Blindness of Virtue’’ Company
W. E Fell
Suza Doane
I. E. Easton
Syracuse
T. Carl Whitmer
Ira M. Price
J. C. Wardlaw
W. H
Cincinnati
Schaarschmidt
Cherbourg
England
Landsman
Shipping News