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This newspaper page contains 17 articles. Subscribers can read the full text of each article.

Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Jun 19, 1913

Page

16

Stock Notes and Corporate Moves Across Markets

Lindsay Light Company plans a 200 percent preferred and 200 percent common stock dividend and seeks listing for 400000 dollars in preferred and 400000 dollars in additional common on the Chicago Exchange. Quarterly preferred dividends of 1 34 percent are expected beginning next September, with some common dividends. New York listing rules fix that Canadian Pacific subscription receipts settle third installment at 60 percent until further notice. Miami directors expected to declare a regular 50 cent quarterly dividend in August. Production curtailment barely affects dividends. Greene-Cananea properties in Mexico remain on a sub 0 percent operating basis amid political instability delaying a return to normal production. Calumet & Arizona’s May output hit 4300000 pounds of blister copper versus 4500000 in April. N L Amster plans a concentrator at Patagonia for Three R. Trippe & Co extends the Nevada Utah plan deposit period to August 10 per Conso Nevada Utah Virginia assets. Bingham & Garfield railroad amends charter raising stock from 250000 to 6000000 dollars to fund electrification and improvements. Boston & Corbin elects Harry M. Stonemetz as president, replacing N L Amster, with the latter resigning. Stonemetz leads the reorganization committee. Boston & Corbin produced 4540 tons of ore in May, earnings not disclosed. Boston and New Hampshire business leaders, led by Valdez Creek Placer Mines President George W. Sias, head to Cordova Alaska then to Valdez Creek Mines, staying through the season. A new hydraulic plant now processes 2000 cubic yards of gravel daily.

Boston & Corbin Harry M. Stonemetz Boston New York Stock Exchange J. W. Bowen & Co N. L. Amster Stonemetz New Hampshire George W. Sias Valdez Creek Placer Mines Seattle John D. Kazar Cordova Alaska

The Torrington Company Treasurer Note Beeton June 16 1913

B Vincent, treasurer of The Torrington Company, Beeton, June 16, 1913, appears in an internal memorandum or financial record. The entry names Vincent in his official capacity and provides a dated notation associated with Beeton.

B. Vincent Beeton

Markets Display Points In Yesterdays Markets

Summary of yesterday's market activity showing total sales by city with New York leading at 348 400 shares and Boston at 13 944 shares. Reports include most active issues, year to date totals, a comparison with last year, notable gains and losses in specific stocks, and call and time money rates in New York and Boston.

New York Boston Reading Alaska Gold Phelps, Dodge Co New Haven United Fruit

Market Lifts With Cautious Tone In New York

New York market sees an overall upward drift amid irregular stock moves. Investment buying persists on a smaller scale as outside purchasers wait for clearer news. Brokers note conservatism on both sides, with bull operators cautious amid uncertainties and short traders limited by improving tone. Rumors swirl on Union Pacific dissolution and a possible receiver for Southern Pacific holdings. German bankers offer 5 1/2 percent for 60 day money but cannot obtain funds at that level. Bank of Germany reports record gold reserves, suggesting Berlin can weather midyear settlement. Bonds stay firm with total par value around 1.845 million. U S bonds unchanged on call.

New York Union Pacific Harriman Southern Pacific Germany Bank of Germany Berlin U. S

Money markets show ease amid ample funds and cautious banks

Money markets remain easy with ample funds and moderate demand, especially for short loans. German concerns dominate sentiment as bankers brace for settlement day with tentative 60 day loans at 6 percent. Call rates in New York range around 2 3 percent, with term loans quoted across 4 to 6 percent depending on duration and currency.

Germany New York Seeres Boston Bankers’ Sterling

Local Market Report Signals Narrow Stock Movement

Boston June 18 local stock operations stayed tight with total volume under 14 000 shares. Short-covering activity dominated with Steel common rising from 52 7 8 to 54 3 8 and closing at 54 1 4. Copper shares Isle Royale Granby and Calumet & Arizona gained, while Island Creek Coal declared a 50 cent dividend plus a 3 dollar extra and planned a pro rata 50 share issue. New Haven railroad stock showed strength, trading as high as 104 with a 1003 4 close, tone firm.

Reading and Steel Common Island Creek Coal Boston Isle Royale Granby Calumet & Arizona Paine The Lake Copper Company Island Creek Coal Company New Haven

Unlisted Securities Dividend and Par Values Noted

A financial note lists not including extra dividends for unlisted securities with par values of 10 and 50. The entry includes a reference to ex-dividend status.

Market Rise Amid Broad Gains and Bank Reserve Watch

State Street notes a further substantial advance with broad list strength as leaders rise and late specials jump. Auction sales falter with several local stocks dropping 10 to 100 points, reflecting liquidation in unlisted issues. Banks outside New York show growing loan expansion while reserves remain low. inquiry likely on blackmail claim against Judge Lovett. dissolution plan deadlines approach with court-set settlement near.

New York City New York

Island Creek Coal declares dividend and stock issue plan

Island Creek Coal Company directors yesterday approved a 50 cent quarterly common dividend and an extra $3 per share dividend. They also voted to issue new stock at $50 a share, expanding by about 6,300 shares. The plan mirrors prior practices seen at United Fruit, with cash or stock options for shareholders.

Island Creek Coal Company Nese Buetnesa W. Batchelder Treas United Fruit Company

High Priced Interborough Metro Preferred Stock Aims Higher

The most expensive non dividend stock on the New York Stock Exchange Interborough Metropolitan preferred trades around 60, two points above Chesapeake and Ohio and six points above steel common. Despite tape evidence suggesting early dividend resumption, conservative observers expect no final decision this year. Receipts over expenses for the year equal 17 percent on the preferred, with a June 30 surplus of 2.806 million and notes totaling over 4 million due this year.

Interborough Metropolitan Preferred New York Stock Exchange Chesapeake & Ohio Steel Common Interborough

Bond Market Cheerful Tone Narrowed In New York

The June 18 bond market in New York showed brighter sentiment with notable activity in convertibles and 5s. Key issues cited include Baltimore & Ohio Union Pacific convertibles Brooklyn Rapid Transit Interborough Metropolitan 44s Rock Island collateral United States Steel 5s.

Baltimore & Ohio Union Pacific Brooklyn Rapid Transit Interborough Metropolitan Rock Island United States Steel

Cotton Market Opens Irregular On Liverpool Cables

The cotton market opened irregular and a few points lower influenced by weaker Liverpool cables. A favorable weather map and Texas rainfall supported buying, while Giles crop condition stood at 83.9 with last month at 84.6. Chronicle acreage rose 3.2 in the land under cultivation, and Cardill reported favorable Mississippi Alabama conditions. Profit-taking nudged prices back about 10 points, yet shorts covered as prices approached prior close.

Liverpool Texas Giles Chronicle Cardill Mississippi Alabama

Metal Markets Copper Steady Tin Rises Slightly in July and August

The Metal Markets report for June 18 notes copper unchanged and tin edging higher. July 25 ton contracts stand at 44.871 with August 25 at 44.8714, while spelter gains 4 points as prices shift.

Cookson

Municipal and water bonds draw bids across New England states

Taunton mass received bids for 187000 bonds including water and municipal issues with years 1913 to 1943 and 1928. Kuhn Loeb Co forms underwriter for 20000000 one year notes. Pittsfield and Cambridge announce bids for temporary loans and street improvement bonds with bids due June 19 and June 21 respectively.

Taunton Mass Municipal Pittsfield R. L. Day & Co Capital Savings Bank & Trust Company Montpelier Blake Bros. & Co Bond & Goodwin and Loring Tolman & Tupper

Calendar for Today Dividends Payable by Railroads

Dividends payable dates listed with percentages for Greene R R Norfolk and Western Atlantic Coast Line and Chicc Burl and Quincy. Parentheses show payable dates including 7 10 and 6 26.

Atlantic Coast Line. Com Chicc Burl. & Quincy

Baltimore Stock Sale Adopts New Bond Market Tactics

Baltimore disposed of its full $5 500 000 corporate 4 per cent stock offered for subscription June 5. Bids totalled under 10 per cent at 87 to 90. Only 450 000 was awarded at 90. The finance board offered the balance at the same price aided by a city newspaper and a department store selling over the counter.

Baltimore Finance Board

Elec Lit and Par Abington Market Notes

Elec Lit Par Abington 4 per cent 7 1 Halifax Tramway 2 per cent 7 2 Montgomery Ward preferred 135 4 New Orleans Ry and Lt common 1 per cent and preferred 11 4 Chesebrough Mfg Hancock Cons Mng Guggenheim Exploration Yukon Gold Columbia Gas and Elec meetings Books do not close

Elec Abington Gen. Chemical Halifax Tramway Montgomery Ward New Orleans Ry. & Lt Chesebrough Mfg Hancock Cons Guggenheim Yukon Gold

Also Mentioned on This Page

E.w.clarks Bankers New York and Philadelphia Congress St Chicago Pittsburgh Service Lindsay Light Company Chicago Stock Exchange Miami Greene-Cananea Mexico Patagonia Trippe & Co Nevada-Utah Mines & Smelters Corporation Consolidated Nevada-Utah Corporation of Virginia Bingham & Garfield Railroad Utah Copper Company Central Vermont William C. Wilson & Co Pine St Island Creek Coalmpany Fr W. Batchelder Treary Torrington Company Steatholders New York Market Am Cities Co Smelt & R Am &Melt & R At& SF Atl C Line Baldwin Loco Cal Pet Corp Can Pacific Ches & Ohio CM & SP CM & SP Pf South Dss&a Erie Gug'h’m Exp Co Lehigh Valley Louis N May Dept Store Mex Pet Co NatE&sb Nevada Nynh&h Nor & West Perseess Nor Pac Pacific Mail Penn Peele's Pheps Dodge Ito Air L Sears-Roebu South v Boston Stocks Gulf of Eeeeee Bos Bos& Albany Bos & Maine Cal & Arizona Mercureotes East Butte Oereae Edison Elec Franklin Fitchburg Pf Peewee General Elec Eeeee Giroux Granb . Creee Greene Mason Valley Eevee A Meklwain 1St Pf Mohan Nevada Copecene New Arcadian Emg Tel Nipissin N & NH North Butte Old Colony Min Old Dominion Osceola Pond Ork Coal Pullman Co Quincy Ray Consol Orere Shannon Teewree Shattuck-Ariz ~R Sup & Bos Swift& Co Torrington Ar Af Trinity O Alg U S Smelt P Steel Baty U S Steel Pf Utah Conso Victoria Winona Wolverine Eter Eee Wyandot Money Markets U S U S Steel West Maryl W& LE Westinghouse Woolworth Ask. Am Chicle American Brass Co American Glue bAmerican Invest Bdo dAmerican Linen Co dAmerican Screw Co Adirondack el Power Apsley Rubber Arlington Mills Co Babcock & Wilcox Co Berkshire Cotton Mills Detroit Edison Co Douglas Cw L Draper Company Com Elgin National Watch Co Farr Alpaca Co First Nat'l Bank Newburyport Fitchburg & Leominster Great Falls Manufacturing Co Hartford Carpet Heywood Bros & Wakefield Lyman Mills Ee Manomet Mills Massachusetts Cotton Mills State Michigan Ear Nashawena Mills Dn. E. Invest Sec Niles Bement Pond Com Oswego Syracuse Otis Eleanor Com Pacific Mills Pere Marquette Pope Manufacturing Pratt & Whitney Regal Shoe Co Remington Typewriter aSen Sen Chiclet Oo dStafford Mills Gee Ee Studebaker Corporation Utica Chen & Susq Vally Waltham Watch Com Wamsutta Mills American Real Estate Atlanta, Birm & Atl Buffalo & Susquehanna Burlington Eastern Steamship Indiana Col & East Trac Rochester, Syra & Fast Swift & Co U S. Envelope Co Mason Valley Eee Neon Eens Minneapolis Duluth Tee Bay State Gas Bohemia Boston Eleenee Butte Central Butte & London Cactus Aeeteeres Calaveras Sees . Ee Cortez Pir Davis Dal Seene Fagle & Blue Bell Ely Conseeeen Eves Douglas Old Domin Rcs United Veode Ua Yukon Ewes State Street Island Creek Lake France Stock Exchange Paris Cuba Nort & W Ole Bias Indiana Stee Pacific Nyc Trust Co Cit Col& So Ist Pacific T & T Amt & T Pete Ste Vis Stl & S F Bone Ea Ist Amarene Erie Cvt Bae Ig Siege NS Erie Penn cl Tay G Bay Pete Aden Ig & Ogold Oeaas Betis Ise _ Té& T Sires Pace Cay iTol L & West Ees Prayes Ras Leaks Gnl Reeds Slee Ks Elec Bev Lon Fisac Bales Aries Elec Sree Lake S Lon Inc Brie Union Pac Liggett & Moss Trace Lorillard Co Benda Chee & O L&n-Eh& N MK C & T U S Steel Sf Iain ‘Luo Pac Ea Oig Oia Ae Sessee Aremene eMac Mil & St Wabash Power Co Ewa Abash Cmil& St P Lack & W Cc Be & St P NYL Erie Bert Mil & St P-Cm Puget Boas Chicago Ry Co West Mary Lane Ae & P Chicago Market HS & M C& DD C Edison Pacific Gas P Tool Ee Ee C Subway Ct & T Chgo Tel W Stone Morris Pn Tool United States Ang Bop Metal Markets Cambridge Missouri Public Utilities Commission Chicago, Rock Island & Pacific Railway Company Lawrence N. Y Greene R. R Norfolk & Western. Com Columbia Gas & Elec Spec Mté Atlanta Blue Bell Miskam Booth Wettlaufer Big Dome Dobie Florence Dome Ix Dome Sk Daisy F O'Brien Hollinger Gag Jupiter Eee McIntyre tiNamase North D Pearl Lake Midway Pure Gold Mizpah Montana Cedar Talis Old Bailey Colo Beaver Crown Pt Olle Buffalo Chamber City of A Iron Bros Cobalt la Rose Sioux Mbk-Dar Nipissing Uncle Sam Pet Lake UN Tintic R of Way Victoria Rochester Wilbert Bowdoin Sq Revere House Scollay Square Violet Mascotte’s Harry la Marr & Company Jules Levy Silver and Duvall Williams Brothers Chas Favall Haviland Cup B. F. Keith Vinie Daly Oscar Hammerstein London Opera House Jack Kennedy Apl Co Kimberly & Mohr O’brien Havel & CO SUE Smith the Stanleys Leitzel Sisters Miller & Mack Lord & Payne Edison Kinetophone Pathe Weekly Overture Tremont Rote Cines Boo Denman Thompson Plymouth Agatre Eleanor Gordon Mildred Champagne Castle Sq John Craig Royal Mounted Winter St Chinatown Loew’s ST. James Theatre Loew’s Orpheum Bay State Line Georgia Tennessee Wash. St King Philip Huntington Ave Globe Post Herald Journal Hallet & Davis Piano Co Boylston Street RED Sox Detroit Fenway Park Wright & Ditson’s Washington St Pops Symphony Hall Toni H A. Maquarie Tate Han Harvard Norumbega Tremont Temple Carnegie Wes Mats OpensDaily Soutevano Trey Toxizh Fellsway Medford Sorensen Central Wharf State St Bay State Street Railway Co Provincetown Dorothy Bradford Atlantic Ave Jabioz S.dyer Mar
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