Investments Shift Toward One Hundred Dollar Bonds
An editor notes a surge in $100 bonds amid a year of $1.5 billion new securities. Banks push small investors to larger, cheaper capital while education and trust in standard securities grow, with issues like St Paul convertibles and Virginian Railway bonds signaling change.
MENTIONED IN THIS ARTICLE
St. Paul
Long Island Lighting Co
First
Virginian Ry
Mason City
Clear Lake
R. R. Co
San Francisco
Napa & Calistoga Ry. Co
Minneapolis
Long Island Lighting Company
Lexington Hydraulic & Mfg. Co
Santa Barbara Gas & Electric Co
Michoacan Power Co
Panama
Colorado Southern
Hundred Dollar Bonds Advantages and Safety
A promotional note explains buying a hundred dollar bond as a conservative investment with daily accrual interest and 4 to 6 percent income. It notes banks and insurance companies own similar bonds, loans are available against them, and offers the bond through local banks with a return option if advised against purchase.
France as Nation of Little Savers and Global Bank
The article ranks France as the world’s leading nation of small investors with a heavy national debt held by 1,876,000 investors at about 2600 each, and notes France’s gold reserves and bank capacity as deterrents to war. It compares Britain, Germany, and the United States, discusses rising small-investor deposits, Panama Canal bonds, and the shift toward $100 bonds and partial payments to broaden ownership.
MENTIONED IN THIS ARTICLE
France
Europe
Bank of France
United Kingdom
United States
State Street Topics Wealth, mines, and markets drive gains
United Fruit climbs to a record 205 amid high earnings and expected 10 per cent stock dividend next fall. Tamarack Mining to sell assets for 230000, boosting per share value. Grain movement begins as wheat arrives in St. Louis. Canners benefit from high food prices, while sugar worries loom. Banks in Boston report record deposit growth. Granby Mining shows bright prospects with 135000 monthly net profits. Lake Copper reports cash of 87512 on April 30 1912 and improved mill returns promising copper output. DVOSBIDI Oe
MENTIONED IN THIS ARTICLE
United Fruit
American Can Company
The
Lake Copper Company
Island Creek Coal Company
F. W. Batchelder
State Street
Boston
Mess
Charles A. Hubbard
Market Activity Wrapup for New York and Boston
Yesterday's totals show New York volume at 153000 shares and Boston at 24995. Reading led New York with 23700 and Am Pneu Ser pref topped Boston with 3262. Year to date New York reached 67163600 and Boston 6442065 shares. Comparisons show gains for Hocking Valley in New York and Calumet & Hecla in Boston, with Baldwin Loco pref and Bos Sub Elec among the listed losses. Call and time money rates are reported for both markets.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Am. Pneu. Ser. Pref
Hocking Valley
Baldwin Loco
Calumet & Hecla
Bos
Elec
New York Market Shows Little Change Amid Broad Weakness
The New York market opened with little movement and remained largely flat, showing a reactionary tone. Union Pacific United States Steel and coal shares fell amid an antitrust probe into anthracite firms. Wabash weakness dragged Missouri Pacific and Denver and Rio Grande, with rebound in Reading Lehigh Valley offset by other declines. Copper prices rose on Amalgamated News, while bonds were uneven and total sales reached 2.105 million par value.
MENTIONED IN THIS ARTICLE
New York
Union Pacific
United States Steel
Interstate Commerce Commission
Missouri Pacific
Denver and
Rio Grande
Wabash Road
United States
Copper Market Ties To New York Trends At Boston Session
Trading in local issues followed the irregular pattern seen in New York with North Butte Old Colony and Butte and Superior leading the copper list. Despite a price rise in electrolytic copper the overall volume was light as cash assets stood at 87512 on April 30 versus 357988 a year earlier. Mine openings advanced totaling 12653 feet from 9831 feet prior year. American Pneumatic Service preferred rose to 2012 and United Fruit spiked five points to 206 in a high for its history. Pneumatic preferred led the day with 262 shares traded. Close showed a very irregular tone.
MENTIONED IN THIS ARTICLE
Boston
New York
North Butte
Old Colony
Butte & Superior
The
Lake Copper Company
Paine
American
Pneumatic Service Preferred
United Fruit
Pneumatic Preferred
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Kidder, Peabody & CO
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Tion Issues
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M—8
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Oklahoma
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Messrs. Coutts & Co
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United Fruit Sells
New York Market
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A Steel P Sheen
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Cal & Arizona T5¢ 75 7$ 75 17 57 Cal & Hecla
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Kaon
Knauth, Nachod & Kuhne Bankers
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Hudson River Electrics
L. Sherman Adams
Congress St
Philade
Am Rys
Cam Steel
Eo Frat Tru
Lehigh Val
Pa Steel Pfd
Hia
Dee
Phila Co
Phila
Phila Rap
Treas Rer
American Telephone & Telegraph (Co
WM. R. Driver
Bigelow Carpet CO
Charles