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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 24, 1910
Page
14
Yesterday's market showed dulness with meagre trading, total 14 490 shares. Copper stocks led by Wolverine with 100 shares. 435 shares in copper between 12 30 and 1 30. Prices fell slightly from prior close as no strong buying or selling pressure appeared. Foreign exchange and focal money rates were listed without notable movement.
American Telephone and Telegraph proposes exchanging three shares of its stock for four shares of Nebraska Telephone. Deliver shares in New York by July 15. Fractional shares to be paid at 105 dollars per Nebraska stock. East Butte officers re-elected for the coming year. May output reaches a new blister copper record of 993,890 pounds, up 288,281 from April.
L C Shattuck and Duluth Bisbee businessmen say the Shattuck Arizona Copper Company will likely be listed by the Boston Stock Exchange. They claim 900,000 tons of ore at 7 to 12 percent copper and 2000,000 pounds monthly output with a 4 per share annual dividend. The property spans 116 acres with multiple nearby mines and ongoing deepening development.
Total sales in New York reached 348 900 shares and Boston 14 490. Most active in New York was Steel common at 60 200 shares. in Boston Amalgamated led with 2185. Year to date New York totals 92 575 600 shares and Boston 5 638 176. Compared with last year New York 98 036 500 and Boston 6 773 301. Pittsburg Coal tops gains in New York list. Federal Sugar shows largest loss. Boston & Albany and United Fruit rise. Lake Mining drops. Call money in New York 3 percent. Boston 3 1 2 percent. Time money New York 3 to 4 5 8 percent. Boston 4 to 5 percent.
The market showed weakness yesterday as crop reports dampened sentiment and trading stayed dull. Consolidated Gas rose on an assets claim by an expert for the public service commission, while Hawley issues weighed on the tape amid dividend policy questions. Louisville & Nashville remained firm on rumors of extra dividends, though the final outcome is unclear. The day closed near the lows with preferred dividends being paid regularly and cautious notes on future earnings and distributions.
The Boston Market notes the day’s stock and bond price movements with total sales and a comparison to the previous close, detailing market direction and notable shifts.
A retrospective on stock market moves and corporate news. East Boston and Boston Consolidated Gas dividends rose a year ago while New Arcadian appeared on the local exchange and Arcadian shares dropped. Adolph Lewisohn joined a directorate of British Columbia Copper. Bank of England rate cut expected. Goldfield Consolidated’s NYSE listing drew praise with Oct 31 1903 earnings of 6,598,871 and sizable surpluses. Cuban American Sugar Co renews American directors including Post Havemeyer Howell. Company formed in New Jersey with 6 million preferred and 6.06 million common. by May 1908 capital grew to 20 million. The Cuban sugar empire’s five Cuba-based firms hint at strong American control. Dividend status noted as yet unresolved.
Fragmentary OCR data shows mixed figures for coal, smelting, and shares including listed and unlisted stocks. Mentions percentages like 55 and 36, totals of 6435 shares, bonds at $21,000 and scrip at $180. No coherent story or clear entities beyond generic market terms.
Yesterday's curb market in Boston was quiet with limited activity. Chief Con solidated edged up to around 2, Elycentral traded 11-8 to 11-4, Corbin Copper rose to 73-8, while Massachusetts Coal and Calumet & Corbin held steady. Details of price fluctuations follow.
The Boston Stock Exchange lists 50 million New York Telephone 4 1 2 per cent bonds. Syracuse issues 41 2 per cent serials to N W Harris for 38 13 60 premium. Fall River invites bids by June 29 for 351 500 4 per cent bonds including school sewer park and highway issues with various maturities and amounts. Bangor grants 260 000 loan at 4 1 2 per cent discount. Iagage sanitary district issues 500 000 4 per cent bonds to a syndicate and Avenue State Bank. Kidder Peabody Strong & Co purchase 500 000 New London & Northern Railroad bonds dated 1 July 1910 maturing 1940. Massachusetts treasurer funds noted.
Bids to noon July 2 were invited for twenty year water bonds of $25 000 at 4 per cent dated August 1 1918. Bridgewater Massachusetts awarded a temporary loan of $5000 maturing November 10 1910 to the First National Bank of Boston at 4.05 per cent discount.
A list of semi annual and quarterly dividend declarations with amounts and record dates. Firms include Androscoggin Mills Bell Telephone of Missouri Naumkeag Steam Cotton U S Finishing Co Central & South American Telegraph Mexican Telegraph Merchants National Bank Dwight Mfg Edwards Mfg Bates Mfg National Shawmut Bank State National Bank Amoskeag Mfg American Locomotive Co with dates from July 1 to July 23 and record dates June 23 to June 30.
After three busy days wharf dealers rested yesterday as seven trawlers docked with 182 100 pounds of mixed fish including 28 700 haddock and 75 000 cod. Several schooners and sloops returned with groundfish while Captain Nolan sold 2000 mackerel at 28 cents each. Various vessels arrived or departed with passengers and cargo including a large Zealand liner, stowaways on Ice land, and ships bound for Moville Glasgow and Buenos Aires.
Valentine Chappell of New London announced the boat lineup for the Yale-Harvard regatta. The referee boat is August Belmont’s Scout, the committee boat Arrow, and the judges’ boat Akala. Edward Whitney, William H. Meikleham to officiate, with the Fleet revenue cutter patrolling next Thursday. The Thames cutters are Gresham, Mohawk, Acushnet, and Seneca.
Melrose High beat Medford High 4 to 0 to pull level with Everett for first in the suburban league. Medford struggled at the plate and on the bases, failing to convert chances as Cram Wanamaker Fahey Davidson and Bennett and Baldrey worked the game.
Manager McAleer of the Washington Club announced he sold utility catcher Bill Rapp to the Worcester Club of the New England League. Rapp, obtained from Minneapolis last fall, will report immediately and strengthens Burkett's champions lineup.
J. G. Anderson of Woodland and A. G. Lockwood of Allston played for the low gross trophy in a playoff after both posted 78 in regulation. Anderson matched 78 again in the playoff while Lockwood shot 79, giving Anderson the prize.
Dividend payments due include BMable and Ohio at 4 percent. Ex-dividend notices indicate payable dates and recipient entitlements for shareholders in these firms.
Arrived and cleared listings show steamers and schooners from Britain Ireland and the Americas docking at or sailing from American ports. Vessels include Zeeland Mathias Verona City of Everett Prince Arthur and more with numerous barges and tugs in tow.
Chicago June 23 The new 750000 plant of the Chicago American League Club was completed today except for finishing touches. It will be dedicated on July 1. The grand stand pavilion and bleachers seat 35000. The players' clubhouse has hot and cold baths showers rubbing tables and other conveniences. A complete lighting system enables night baseball and big outdoor entertainments.
Springfield defeated Waterbury 4 to 0 and Northampton overwhelmed New Haven 8 to 0. New Britain beat Holyoke 5 to 3, while Bridgeport won 8 to 6 against Hartford.
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