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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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
MENTIONED IN THIS ARTICLE
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