Boston Copper Industry Risks Reflect On Local Capital
An editor’s note analyzes copper mining finance on Boston’s exchange, arguing that while copper remains vital and profitable, many long running copper flotations over five years old have not paid dividends. The piece urges private funding until a proven product is ready for public investment, citing 26+ failures and $65 million withdrawn from investors.
MENTIONED IN THIS ARTICLE
Calumet & Hecla
Boston
Local Stock Exchange
Boston Capital
Hyde Park Man Struck by Express Train Killed
Joseph Stanton aged 23 of 34 Fulton Street Hyde Park was struck by an express train yesterday morning on his way to work and killed instantly.
MENTIONED IN THIS ARTICLE
Joseph Stanton
Fulton Street
Hyde Park
Instentty
Stocks Show Resiliency In Yesterday's Market
Market activity highlights include total sales in New York and Boston for the day and year to date. Leading performers include Sears Roebuck in New York and Calumet & Hecla in Boston with notable gains, while Cent. of New Jersey and Pullman show losses. Call and time money rates are reported for both exchanges.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Amalgamated
Sears, Roebuck
New Jersey
Calumet & Hecla
Pullman
Energetic New York stocks push prices higher early trading
In New York today energetic buying lifted stocks with gains of 1 to 2 points for leaders including Canadian Pacific Reading Union Pacific Steel and Amalgamated. European buying and Balkan war prospects boosted demand abroad. Union Pacific fell about 2 points after a Tarnished dissolution plan update.
MENTIONED IN THIS ARTICLE
New York
Canadian Pacific
Reading
Union Pacific
Steel
Amalgamated
London
Berlin
Congress
Call Money
Harriman Lines
Bear Traders
Burlington
United States
Local Market Sees Gains on New York Stock Lift
Boston March market shows rising interest as New York stock gains lift local prices. Amalgamated led with 681 4 to 701 4 on 2830 shares. Superior Copper reports 1912 net profit 1 72 per share and cuts a 73000 deficit to a 99000 surplus. Steel and Telephone securities advance. near-term tone remains strong.
MENTIONED IN THIS ARTICLE
Boston
New York
Superior Copper Company
Telephone Company
Mexican Metals Declines Amid Rumors as Boston Curb Posts Loss
Boston curb stock Mexican Metals fell from 1.06 to 0.74, closing at 0.80 amid rumors involving a former official of the predecessor firm. Sonora troubles drive selling, though Mexican Metals’ local property activity is said to progress well. Central and Alaska Gold stay active and firm. Detailed fluctuations follow.
MENTIONED IN THIS ARTICLE
Mexican Metals
Sonora
Utte Central
Alaska Gold
State Street Topics Market Recovers With Caution
The market opened strong then quieted after the first hour with little gains. Canadian Pacific showed unusual activity as traders covered a Monday bear break, while New York articles urged public confidence and money rates held near 4 percent amid gold exports. National Lead reports a slim common dividend and potential earnings. Winona Copper Company stockholder criticizes extraction methods. Superior Copper turns 1911 deficit into 1912 profit while Maverick Mills expands spindles and looms as it refines its product line for 1913 and 1918 forecasts.
MENTIONED IN THIS ARTICLE
Canadian Pacific
New York
Wall Street
Paris
Belgium
Berlin
Argentina
Venezuela
America
National
Local bankers offer Montreal Tramways bonds
N. W. Harris & Co. Inc and Perry Coffin & Burr offer investors 2 million dollars of Montreal Tramways Company first and refunding mortgage 5 percent gold bonds dated July 1 190 and payable in 1941. Bonds sold at 99 plus accrued interest yield about 5.10 percent. The company controls most of Montreal's street railway system serving over 500 000 people with net earnings about 2.5 times annual interest.
MENTIONED IN THIS ARTICLE
The
Montreal Tramways Company
City of
Montreal
Island of
N. W. Harris & Co., Inc
Perry, Coffin & Burr
Canada
Tremont Row Realty Trust Bonds Offered by Edgerly & Crocker
Edgerly & Crocker offer 250 000 Tremont Row Realty Trust 6 per cent second mortgage gold bonds tax exempt in Massachusetts. Secured by second mortgage on 17 364 square feet at Tremont row and Howard street. Equity above bonds about 363 000 with net earnings estimated at 40 700 yearly. Four fifths of issue sold.
MENTIONED IN THIS ARTICLE
Edgerly & Crocker
Tremont Row Realty Trust
Massachusetts
Tremont Row
Howard Street
Grain Markets and Copper Company News March 11
Government report spurs bearish grain moves with May wheat at 174-2, July 144-4, corn 49 to 1, oats 13 to 1. Liverpool Paris Berlin Antwerp Budapest prices, Minneapolis and Duluth receipts, export sales track. Tuolumne copper output O gold and silver yields. Cananea Copper changes appoint James S. Douglas as VP GM. Dr L D Ricketts remains president. Maverick Mills directors re-elected except J B Harden. La Salle Copper Company assets show a $21,124 drop with Dec 31 balance of $240,659.
MENTIONED IN THIS ARTICLE
Liverpool
Paris
Berlin
Antwerp
Budapest
Minneapolis
Duluth
Chicago
la Salle Copper Company
Cotton Market Shows Slight Uptick on Southern Spot Improvement
The cotton market remained dull yet steadier on reports of better southern spot demand from exporters and spinners. A favorable South weather pattern with light showers and a Pensacola heavy rain only, and traders holding long positions on dips for quick profits, while interior stockpiles weigh on prices.
MENTIONED IN THIS ARTICLE
Pensacola
Hayden Stone Offers Bay State Street Railway Stock
Hayden Stone and Co offer investors 6600 shares of Bay State Street Railway Co 6 per cent first preferred stock at 120 plus accrued dividends. The Bay State Street Railway operates the Massachusetts Electric Companies and is the world’s largest street railway system by mileage. It serves 22 cities and 70 towns across Massachusetts from Nashua New Hampshire to Newport Rhode Island, with over 2 000 000 residents outside Boston.
MENTIONED IN THIS ARTICLE
Hayden, Stone & Co
Bay State Street Railway Co
Bay State Street Railway Company
Massachusetts Electrics Companies
Massachusetts
Nashua
N. H
Newport
R. I
Bay State Street Railway Sold to Hayden Stone Firm
Bay State Street Railway sold 6600 shares of first preferred stock to Hayden, Stone & Co. as the highest bidder. prices were not disclosed. Copper output at Lake Superior mines for February is estimated at 16,175,000 pounds refined, the smallest monthly total in over a decade, following January’s figures and a shortfall of about 1.167 million pounds for the month.
MENTIONED IN THIS ARTICLE
Bay State Street Railway
Hayden, Stone & Co
First
Lake Superior
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Kidder, Peabody & CO
Devonshire Street
Atchison
St. Paul
Michigan
bNo
Cold Company
First National
Ohio Copper
Bingham
Davis Daly
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Congress St
H. D. Foss & Company, Inc
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FF. W. Batchelder
FW. Batchelder, Treasu
United Fruit Company
State Street
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Reed-Prentice Company
Jana
New York Market
Mar Ar
Smelt & R
Am Smelt & R
T& SF
Ohio
CM & SP
Dl&w Tenner
Gel H Helme Co
Goodrich
Nor Opd
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the Texas Co
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Underwood Typ
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Nevada Hills
Standard Oil N J. Od
Stewart Ee
Winona
Winona Copper Company
Superior Copper
Maverick Mills
New England
N. W. Harris & Co. Incorporated
Federal Street
Montreal Tramways
Metal Markets
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Lake
Tuolumne
Treasury
James S. Douglas
Cananea Consolidated Copper Company
Greene Cananea Copper Company
L. D. Ricketts
Compan
J. B. Harden
John ©. Rice
Eugene N. Foss
Galen L. Stone
Calvin Austin
Charles E. Riley
Robert Burgess
Jere Downs
J. Bh. Harden
N. Y. Minn
St. Louis
Toledo
Mar
Bass
Offer Bay State St.ry. CO
Boro Sere
Hunt, Elis & Co Bankers & Brokers
Consolidated Stock Exchange
Broad Street
N. Y
Our Market Letters
the Situation American & Beet Sugar
Bethlehem Steel
Lozier
Grays Davis
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