Markets dull as prices slip across New York and Boston
Yesterday's activity shows total sales of 199,800 in New York and 15,934 in Boston with steel and Amalgamated among the most active issues. Jan 1 through date totals reach 43,825,700 in New York and 2,697,692 in Boston, with last year's figures notably higher in both markets. Studebaker pref and Calumet & Hecla led gains while Nat R R Mex pref and Chicago Junction pref posted losses. Call and time money ranges show tightening liquidity in both cities.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Studebaker
Chicago
Minneapolis
Duluth
St. Louis
Kansas City
Toledo
Detroit
T& T
West S & T
Amalgamated
Am Ag Ch Pf
Pueu Lst
Tel & Tel
Arizona
Atchison
All Gulf
Bos Elevated
Bos & Albany
Bos & Maine
Butte & Sup
Cal & Arizona
Cal & Hecla
Centennial Pe Eees Il
Chino See
Greene Caneeeee
Hancock Sheneee
Hedley Gold
Indiana
Island Creek
Isle Royale
Nevada
New Eng
Nipissing
New York Stock Market Slips After Brief Upturn
The New York market drifted downward amid light volume and lingering post upturn fatigue. Dealers noted fewer supporting orders from large interests and rising bond yields reducing stock appeal while copper plays and London selling pressured prices. Bond totals reached par value 1,407,000 with U S bonds unchanged on call.
MENTIONED IN THIS ARTICLE
New York
Canadian Pacific
Lehigh
Smelting
Interborough
London
Washington
Congress
United States
Island Creek Coal declares 1.50 dividend on preferred stock
The Island Creek Coal Company board has declared a regular quarterly dividend of 1.50 per share on its preferred stock. The dividend is payable July 1, 1913 to holders of record at the close of business June 25, 1913, per Treasurer T W Batchelder.
MENTIONED IN THIS ARTICLE
Island Creek Coal Company
T W. Batchelder
Boston Elevated Gains and Losses After 9 in 11 Hour Bill
Local market notes from Boston on June 20 focus on the Boston Elevated Railway stock dropping to 84 1 2 as the nine in eleven hour bill nears passage. Analysts debated potential earnings cuts for dividends, estimating up to 500000 dollars, or more, with uncertainty on the exact impact. Traders also weighed how schedules and wage rules might shift under the new law, while copper stocks were largely dull except for Amalgamated and arbitrage driven activity.
MENTIONED IN THIS ARTICLE
Boston
Amalgamated
Market Summary Dictates Trading Curb Cues
Boston curb action shows Calaveras Copper dropping from 234 to 24 percent, attracting traders to this issue. Butte Central and Mexican Metals posted solid totals with higher quotations. Jerde Ex tension also posted a small gain. Detailed fluctuations follow.
MENTIONED IN THIS ARTICLE
Calaveras Copper
Butte Central
Mexican Metals
Jerde
Grain Markets Slip as Weather Signals Roil Trade
A nervous, volatile grain market edged lower amid mixed weather forecasts and crop estimates. Wheat closed slightly up or down, July corn down 5 cents, September 34 lower, December 74 lower. Oats fell 14 to 5 cents. International prices showed mixed moves with Liverpool and Paris trims, while U S receipts and car lots in Minneapolis Duluth and Chicago indicated active trading days.
MENTIONED IN THIS ARTICLE
Liverpool
Paris
Berlin
Budapest
Antwerp
Minneapolis
Duluth
Chicago
Cotton Markets Show Modest Rise Amid Weevil Reports
Liverpool cables described a featureless yet stronger opening as cotton advanced about 20 points after an initial setback. Crop prospects remained favorable though boll weevil reports surfaced from Arkansas. Liverpool was the main seller with limited offerings quickly absorbed, while the July option neared its prior high. Week end visible supply fell 158000 versus 167000 a year ago, aligning with expectations.
MENTIONED IN THIS ARTICLE
Liverpool
Arkansas
State Street Topics on Elevated Line Finance and Dividends
The nine in eleven hour bill passed despite the Governor's veto, causing a 41 point drop in Boston Elevated stock to around 84 1 2. Estimated extra expenses from the law total $600,000 to $800,000, potentially cutting dividends, with little room for net earnings gains. Readjustments in income and spending may be needed for continued 6 percent dividends, as transfers and tunneling expansions face public objection. Stock prices and prior investments show large losses, and the outcome will attract unusual scrutiny.
MENTIONED IN THIS ARTICLE
Boston
Joplin Zinc Plants Close Amid Low Spelter Prices
American Zinc Company properties in Joplin Missouri face indefinite shutdowns as spelter prices hover around 40 a ton. About 80 percent of Joplin district zinc plants have halted operations awaiting market recovery. Woolworth stock faces scrutiny after an eight point drop, while earnings for the year are projected at 10 to 12 percent. Copper markets in London show weakness with prices below 15 cents and buyers delaying purchases awaiting further declines.
MENTIONED IN THIS ARTICLE
Joplin
Missouri
American Zinc Company
Woolworth Common
Rumely
Goodrich Rubber
Woolworth
New York Exchange
London
Amalgamated
T Wharf
Lottie
Haddock
Antimony Duh Cookson
Banks Expected to Strengthen Position in Weekly Cash Gains
Judgment of cash movements for the week shows a net gain of 8.846 million, with banks holding a total surplus reserve of 36.689 million last week, the largest for the season aside from 1911 and 1908. A further gain today would ease concerns over crop moving demands.
Massachusetts Lighting Earnings Rise May and Year to May
The Massachusetts lighting operating companies report May net sales of 74134 dollars, up nearly 19 percent from May last year. For the first eleven months, sales reach 920598 dollars, up 10.6 percent from the prior year period.
MENTIONED IN THIS ARTICLE
Massachusetts Lighting Operating
Bradstreet's Review Loses No Shine As Markets Outlook Brightens
Bradstreet's review signals cautious optimism in New York markets with sentiment edging toward favorable despite midseason caution. Textile activity slows in wool and silk due to tariff and strikes while steel remains active but with few new orders. bank clearings rise 6.3 percent. weekly business failures total 235. exports of wheat and corn up versus last year. Canada trade unsettled but foundational conditions sound. expansion restrained by money scarcity and weak collections.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
United States
Canada
Trade activity rises modestly on favorable weather
R G Dun & Co previews a week of mixed signals in U S and foreign markets. Retail demand improves slightly with seasonable merchandise flow while wholesale activity gains softly. Steel and iron show modest revival but overall demand remains quiet with price concessions in some cases. Failures total 264 in the U S and 20 in Canada year over year.
MENTIONED IN THIS ARTICLE
New York
R. G. Dun & Co
China
United States
Canada
Bond Market Notes Noted Temporary Loans Across Several Cities
Everett awarded a $50,000 temporary loan due April 10 1914 from Old Colony Trust Company with other bidders listed. Old Colony also received $80,000 from Woburn maturing Oct 17 and Nov 26 1913. Worcester took $150,000 dated June 21 due Oct 17 with bidders including Loring Tolman & Tupper and others. New Bedford sold $100,000 to Morgan & Bartlett. no bids for the full $550,000 issue. Blodget bid par for $450,000 but rejected. Quincy bids invited for $18,715 sidewalk and street bonds dated June 1 1918 payable 1914-1918.
MENTIONED IN THIS ARTICLE
Everett, Mass
Old Colony Trust Company
Blake Bros. & Co
Loring, Tolman & Tupper
F. S. Moseley & Co
Curtis & Sanger
R. L. Day & Co
Woburn
Mass
Worcester
Estabrook & Co
First National Bank
New Bedford
Morgan & Bartlett
New York
Blodget & Co
Quincy
Silver Leaf
Blue Bull
Emiskam
Trethewey
Wettlaufer
Big Dome
Florence Dome
Dome Lake
Daisy
Fol O'Brien
Hollinger
Jim Butler
Jupiter
Jumbo
McIntyre
M'Namara
Nor Dome
Midway
Pear Lake
Por Gold Ll
Mizpah Montana
Por Imp
Pres & D
North Star
Rea Mine
West Dome
Rys
Ita
H &M Pf
Colo
Ft Dock
Nat Carbon
Beaver
Buffalo
Subway
City Cobalt
Swift & Co
Phila Co
Cobalt L
Coniagas
Crown Res
Litell
Ogd Gas Ms
Sil Pf
Peterson
Victorian Rys
Penn Sait
Wilbert
C. Os
Bond Market Movements Highlight Railroad and Steel Issues
Seaboard Air Line adjustment 5s improved fractionally while United States Steel 5s held steady and Interborough Metropolitan 4 48 rose about one point, signaling mixed activity in the debt market.
MENTIONED IN THIS ARTICLE
Seaboard Air Line
United States Steel
Interborough Metropolitan
Doherty's Judgment Approved
Stamford June 20 Coroner John J. Phelan resumed the inquest into the Springfield express wreck on the New Haven road where six lives were lost. Engineer Charles J. Doherty accompanied officials to the accident scene and detailed where he had applied brakes in his futile attempt to avert the collision.
MENTIONED IN THIS ARTICLE
Stamford
Conn
John J. Phelan
Fairfield County
New Haven Road
Charles J. Doherty
Doherty
Jerry W. O’connor
Allen T. King
John Darmon
Albert H. Harris
New Haven
Bench and Bar to Play Ball at Nantasket
Massachusetts lawyers and judges gather for a Boston University Law School Association outing at Nantasket Beach on June 26. Activities include baseball, water sports, and amusement rides, with committees led by Daniel T. O Connell Solomon Lewenberg Albert P Worthen Simon G Friedman and Judge John Perrins Jr.
MENTIONED IN THIS ARTICLE
Massachusetts Courts
Boston University Law School Association
Nantasket
Commonwealth OF Massachusetts
Suffolk
Boston University
Law School Association
the Supreme
Nantasket Beach
Boston
Paragon Park
Daniel T. O’connell
Solomon Lewenberg
Albert P. Worthen
Simon G. Friedman
Worcester
Charles H. Donahue
W. T.A. Fitzgerald
Register of Deeds
John Perrins, Jr
Doher ty brake test in Connecticut wreck inquiry
At a joint ICC and Connecticut inquiry Doherty testified about brake actions near a distant signal and the yellow eye. He described applying air at various distances, emergency brakes near 3800 feet, and observers deeming his judgment good. Experts discussed auto stops and current practicality for electrified rail lines.
MENTIONED IN THIS ARTICLE
Stamford Station
Doherty
Interstate Commerce Commission
Connecticut Public Utilities Commission
Phelan
Dr Hadcock Dead at 61 Cambridge Veterinary Leader
Dr Charles E Hadcock city veterinary surgeon for Cambridge died at Massachusetts General Hospital after stomach trouble surgery. A 61 year old Harvard vet school graduate 1889 he served as past high priest of Cambridge Royal Arch and other Masonic bodies. Survived by wife and daughter Edith Hadcock.
MENTIONED IN THIS ARTICLE
Charles E. Hadcock
Cambridge
Massachusetts General Hospital
Hadcock
Newport
N. Y
Harvard
Cambridge City
Masonic Order
Cambridge Royal Arch
Cambridge Commandery
Knights Templars
Cambridge Council of Royal and Select
Aleppo
Royal Arcanum
Broadway
Edith Hadcock
Says Boy Burglar's Name Not Richards
Eugene M. Richards of Princeton Maine asks the Post to state that the youth arrested in the Frederick Winthrop home in Back Bay on June 16 charged with attempted larceny was not a Richards family member. He says the suspect is Yates and that his photo seen by Princeton residents confirms recognition. The youth is said to be a navy deserter and his parents want him returned to service.
MENTIONED IN THIS ARTICLE
Eugene M. Richards
Princeton
Post
Frederick Winthrop
Back Bay
Richards
Shipping News Arrivals and Movements at Boston Bay
A long list of arriving and cleared vessels past and present at Boston harbor. Steamers from Br and Nor with cargoes and tugs to Bangor, Baltimore, Newport News, Philadelphia, and more. Ships reported arriving June 18 and yesterday, with several towing barges and awaiting orders for Parker's Flats and Port Johnson.
MENTIONED IN THIS ARTICLE
Hyades
Morrison
Buenos Ayres
Barbados
San Juan
Spilsby
Goldsworthy
Las Palmas
Persian
Page
Philadelphia
Bunker Hill
O'Donnell
New York
Melrose
Frostad
Baltimore
City of Gloucester
Linneken
Gloucester
Belfast
Sawyer
Bangor
City of Rockland
Strout
Portland
City of Bangor
Blair
Bath
Bay Port
Beranger
Newport News
James
Cunningham
Bessie J
Hamilton A. Mathes
Ross
Lynn
EB. L. Pillsbury
Swimm
John G. Chandler
Mott
Lottie
Cto
George Moon
Mary F. Scully
Governor Robie
Portsmouth
FE. B. Sutton
Quincey
Fulton
Totman
Pocono
Chemung
Paoli
Parker's Flats
Edward J. Lawrence
Kreger
Northern Light
Robbins
Edgartown
Singleton Palmer
Bowen
John J. Hanson
Hardy
P. R
Ethel I’. Merriam
Nicholas Cuneo
Nor
Baracoa San Jose
Port Simon
Cestrian
London
Eng
Falk
Calvin Austin
Eastport
St. John
Prince Arthur
Yarmouth
Howard
Edison Light
Sewall's Point
Greenbank
Cattaro
Panther Creek
Radnor
Mary FE. Lyne
Stonington
Marion N. Cobb
Jacksonville
Fuller Palmer
Boston Light
Gatherer
Ipswich
Bobs (Br
Clementsport
N. 8
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Kidder, Peabody & CO
Devonshire Street
Wall Street
Travellers International Cheques
Baring Brothers & Co., Ltd
Commercial
Foreign Exchange
Am Cities Co
Am Cities
Amasnick &R
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Cm& SP Pf
Erie
Sou
Lehigh Valey
Louis Nash
Mackayeroneesas
Mer Marine Seeee
Mer Marine
Mex Pet Co A
Miami C
Rene & Ssm
Seee
Nat
Nyc&sl
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Aes
Nor & Wes
Pitts Coal
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Eee
Tenn Copper
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Texas Co
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Utah Copper
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Ray Fine
Reece Fd Mc
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Sup & Boseeweee
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Torrington Eevee
Torrington Pf
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de Cas Peteeee
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la Rose
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Lake S
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Lorillard Co
Ches & O
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MK & T
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Ube
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