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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 25, 1912
Page
14
Lawrence Massachusetts invites bids until 11 a m June 27 for a temporary loan of 100000 maturing November 6 West Orange New Jersey invites bids until 8 p m July 2 for 55000 of 4 12 percent school bonds dated June 1 payable 5000 in 20 years and 5000 annually thereafter for 10 years
The weekly Boston and New York bank statement details figures for June 22 1912 including circulation deposits reserves and surplus comparisons with prior years. It records increases in loans circulation and deposits and notes deficits and excess reserves between the two cities and across ten year spans.
Dividends payable include Chicago Burlington and Quincy at 2 percent for the day. Homestake Mining pays monthly between 1 and 2 percent. Ex-Dividend notices involve International Harvester common Reading 2nd preferred and United Fruit.
Narrow stock market movement in New York June 24 reflected political and industrial tensions. Gold bars worth 2 million dollars engaged for export to Paris raise speculation of Berlinward flow. copper retreated abroad while tobacco shares rose slightly amid quiet trading in high priced issues. Bonds fluctuated with a drop in Wabash refundings. total par value sales reached 1.604 million.
The Supreme Court decision awarding $2.5 million to the Old Dominion Copper Co. renews debate on how to pay trust certificate holders. Valued at about $14 per share, certificates trade near $6.50 as uncertainty over distribution looms. A Boston Post financial feature tomorrow will analyze values behind the certificates and distribution methods.
The London reading shows a 2 pounds 7s 6d drop in copper prices abroad, stopping the metal stock rally. Amalgamated and other copper issues sank briefly before a subdued recovery. Superior led the gains amid strong ore claims, while American Zinc fell a point and United Fruit rose two. At closing, market tone remained weak.
A busy trading session in Boston featured varied price movements across Bay State Gas Ohio Copper Davis Daly Eagle and Blue Bell with declines noted in South Lake. Official sales data summarize the day’s fluctuations and practical activity.
American Telephone and Telegraph Co. declares a 1.75 per share dividend payable June 28 to holders of record June 15 1912. WM R Driver treasurer notes a 2.00 per share dividend to be paid July 15 to holders of record June 29 1912.
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