Railroads Lead Market Moves in New York and Boston
Total sales in New York reached 294 400 shares with Union Pacific at 52 500 shares and Boston 12 781 shares. Year to date New York sales 32 491 900 shares while Boston totals 2 253 765. Greatest shifts include Pub Ser Corp of N J up to 115 and Am Wool pref down to 74 in New York, with Calumet & Hecla up to 454 and N Y Central down to 100 1 8 in Boston. Call money in New York 2 3 4 to 3 percent and Boston 3 1 2 to 4 percent. Time money New York 3 3 4 to 5 1 4 percent and Boston 5 to 5 1 2 percent.
MENTIONED IN THIS ARTICLE
New York
Boston
Union Pacific
Steel Common
Pub. Ser. Corp
N. J
Am. Wool Pref
Calumet & Hecla
York
Smelt & Bs
T &T
At&sf Ee
At&sfpf
East Ohio
Butterick Ee
Ches Ohio Eeeres
Cm& SP
Eipnen
Deere
Nor of Terres
Norie
Louis Nash
Mer Marine
NY T& W
Nor Pacer
A T&t
T&t
Arizona
Gulf Ewes
Gulf of Paubea
Bos C & Mo
Bos Elevated
Bos & Albany
Bos & Corbin
Bos & Maine
Butte Ballak
Butte & Sup
C & Arizona
Ca & Hecla
Fitchburg
Georgia Kipf
Giroux
Isle Riseteee
Lake Opper
Mason Valley
New York Stock Market Ends With Broad Gains After Mixed Session
After a day of mixed movement the New York market closed with substantial gains on many major stocks. Bear pressure early gave way to a late surge led by Union Pacific and Southern Pacific amid rumors of quick compliance with the Supreme Court decree. New York Central sank below par for the first time since 1908, while London purchases were modest and foreign demand remained limited. Bond sales totaled par value of about 1,000,000,000 with U. S. bonds unchanged on call.
MENTIONED IN THIS ARTICLE
New York
Harriman
Southern Pacific
Union Pacific
Supreme Court
New York Central
London
Balkan
Europs
Europe
U. S
Boston Market Mixed On Rate Talk And Debt Hurdles
The Boston market rose on Interstate Commissioner Prouty remarks favoring rate increases to help small investors of Boston & Maine, but investors face a $15 million note burden due soon. Fresh liquidation hit American Woolen preferred, sliding to 74.25 after weak asset view. Rotary Ring traded near 99 cents, reflecting volatile prices amid a stubborn market backdrop.
MENTIONED IN THIS ARTICLE
Boston
Maine
Prouty
New England
Amalgamated
Curb Market Turns on Mexican Metals Activity
The curb market rose from a dull session after Mexican Metals boosted activity. Metals fell from 11-16 to 95 cents, closing at 1 dollar. Ohio Copper, Butte Central and Old Dominion receipts added interest. Utah Metals traded actively with a small price change. Official sales noted.
MENTIONED IN THIS ARTICLE
Ohio Copper
Butte Central
Old Dominion
Utah Metals
Alaska
Bohemia
Butte & London
Calaveras
Cortez
Goldfield Con
South Lake
Utah
STATE STREET TOPICS
Market strength yesterday showed several bleeding into new year lows as New York Central broke through par for the first time since 1911. Rumors swirl of a new syndicate aiming to take over Southern Pacific stock at 90, with UP potentially losing about 9.5 million and a heavy eight month refunding looming for railroad and industrial securities. Money market conditions remain the key stock market factor with crop movement season starting.
MENTIONED IN THIS ARTICLE
New York Central
Union Pacific
Southern Pacific
United States Rubber Company Posts Record Earnings
The United States Rubber Company reports its fiscal year ends March 31 1912 with record net earnings and business volume after acquiring Rubber Goods Manufacturing Company. New profits after dividends total 1 730 000 and 7.46 percent balance to common stock versus 6 percent rate. depreciation of 7 000 000 reduces surplus, yet common stock yields about ten percent.
MENTIONED IN THIS ARTICLE
United States Rubber Company
Rubber Goods Manufacturing Company
Copper Range Earned $4.28 Share in 1912
The Copper Range Consolidated Company reports 1912 earnings of $4.28 per share, up from $2.04 in 1911, while copper production fell about 14 percent from 1911 and over 20 percent from 1910. Costs per pound rose nearly two cents, partly due to extraordinary expenses, with copper price context noted.
MENTIONED IN THIS ARTICLE
Copper Range Consolidated Company
Copper Range Company
New England
Grain Markets Sees Wheat Decline Amid Favorable Outlook
May 7 market summary shows wheat retreat on lower cables and positive global crop outlook with May closing about 1 percent lower. Corn strengthens on steady demand and light supplies with May 3-14, July 5% gains. oats mixed, several regional price shifts noted. Liverpool Paris Berlin Budapest Antwerp futures mixed. Minneapolis and Duluth car receipts rise year over year. export sales reported and several city opening and closing quotes listed.
MENTIONED IN THIS ARTICLE
Liverpool
Paris
Berlin
Budapest
Antwerp
Minneapolis
Duluth
Chicago
Cotton Markets Steady Advance Amid Dry Conditions
The cotton market rose in Liverpool and New York as lack of rain in the Eastern belt and Alabama boosted prices. Complaints of moisture stress spread through Carolinas Georgia and Alabama with replanting seen as likely.
MENTIONED IN THIS ARTICLE
Alabama
Liverpool
Carolinas
Georgia
New York
Market Outlook: Dividends, Reports, and Court Adjournments Ahead
The coming week features key actions including Southern Pacific dividend discussions, Copper Producers monthly output and surplus, and a government crop report at 2.15. May 10 sees Steel Corporation tonnage figures while May 12 the Supreme Court adjourns to May 26. May 15 brings New Haven and Chesapeake & Ohio dividend meetings with possible cuts or cancellations, and Union Pacific may reveal a new syndicate for selling Southern Pacific securities worth 126.65 million dollars.
MENTIONED IN THIS ARTICLE
Southern Pacific
Steel Corporation
Supreme Court
New Haven
Chesapeake & Ohio
Union Pacific
Denver & Rio Grande Surplus Forecast At 700000
Officials estimate the Denver and Rio Grande will post a surplus of 700000 for the year ending June 20 after covering fixed charges including the Western Pacific liability. Street talk labels Denver & Rio Grande and Rock Island as weak spots, yet both have shown stronger gross and net earnings than several perceived stronger lines.
MENTIONED IN THIS ARTICLE
Western Pacific
Post
Denver & Rio Grande
Denver & Rio Grande and
Rock Island
Bond Market Mixed with Rallys in Select Converts
Convertible issues from Atchison Balti more Ohio and International Steam Pump showed fair to firm demand while most of the list stayed steady. Prices quoted include NYC 44s 7 as well as various New York and Pennsy issues with notable activity in Union Pacific and Wabash issues. overall volume traded at $2,051,000 with comparable figures prior days and year.
MENTIONED IN THIS ARTICLE
Atchison
Baltimore & Ohio
International Steam Pump
Dividends Declared by Major Firms This Quarter
Maine Central Railroad pays a quarterly dividend of 1.50 to stockholders of record June 16 with July 1 payment. American Smelting issues 1 percent on common stock payable June 16. 13-4 percent on preferred stock with books closed May 16 reopened May 26. American Tobacco 5 percent on common payable June 2 to record May 15. Liggett & Myers 38 percent on common stock payable June 2 to holders of record May 16. Crex Carpet semiannual 8 percent payable June 15 to record May 31. Studebaker 13-4 percent on preferred stock payable June 2. Middle West Utilities 1 1-2 percent on preferred stock payable June 1 to record May 15. Chicago and Northwestern 2 percent on preferred and 13-4 percent on common payable July 1 to record June 8.
MENTIONED IN THIS ARTICLE
Maine Central R. R. Co
American Smelting and Refining Company
American Tobacco Company
Liggett & Myers Tobacco Company
Crex Carpet Company
Studebaker Corporation
Middle West Utilities Company
Chicago & Northwestern By. Co
Reading Co ex-dividend and other notes calendar
Calendar notes show ex-dividend dates for Reading Company two percent payable dates in parentheses. Also listed are Silversmiths Company eleven two percent with date five fifteen, Thompson Starrett four percent due fifteen, plus several corporations including Columbus Gas and Fuel, Diamond Match, Lake Shore and Michigan Southern, Mahoning Coal, Mexican Telegraph and Telephone, New York Chicago and St. Louis, Wheeling and Lake Erie. Also noted are meetings for Detroit River Tunnel Company and Michigan Central Railroad.
MENTIONED IN THIS ARTICLE
Columbus Gas & Fuel Co
Diamond Mateh Co
Lake Shore & Mich, Southern
Mahoning Coal Co
Mexican Tel
Tel. N. Y. Chic
St. Louis
Wheeling & Lake Erie
Lewis Brothers director elected to Alabama and New Orleans Transporta
George A. Lewis of Lewis Brothers & Co has been elected a director of the Alabama & New Orleans Transportation Co. Goldfield Consolidated April gross is 359,000 with expenses 189,000 and net 170,000. March gross 650,000 February 518,000 January 505,000. Lions Hill and United Verde Extension ore findings noted. 807-foot level crosscut yielded 18 feet oxidized ore averaging 2.12 copper with quartz segments carrying 2 and 3 dollars gold and one ounce silver.
MENTIONED IN THIS ARTICLE
George A. Lewis
Lewis Brothers & Co
Alabama & New Orleans Transportation Company
Goldfield Consolidated Property
United Verde Extension
Money Markets Show Increased Demand For Gold Shipments
The market observed a stronger money trend as gold reserves were further engaged for shipment to Paris, totaling 4 million dollars today and 2 million yesterday. Paris has already taken 27.0 million, with total international gold shipments now at 50.085 million. Local call money ranged 3.5 to 4 percent, with time rates edging up slightly. New York call money held at 2.75 percent, with varied term loan rates for 60 days to over a year.
MENTIONED IN THIS ARTICLE
Paris
New York
Roston Clearings
Aptelabh Ackre
Toston
Philadelphia Market Snapshot of Aske and Steel Stocks
A dense market roundup listing numerous Philadelphia area shares and bonds with percent changes and price figures. Included are steel, chemical and utility firms such as Camb Steel, Lehigh Nav, Penn Salt, Welsh Coal, and Lehigh Vy, with varied percentages and prices across multiple securities.
MENTIONED IN THIS ARTICLE
Aske
Rid
Rys
Nan
Phila Co
Camb Steel
Patle Co
Bslg
BSY ConTrol NJ
Lehigh
Seattle bids sought for city bonds and water extension notes
Bids are requested by the city comptroller of Seattle Washington until May 17 on 975000 5 per cent light extension bonds maturing 1913 to 1923 and 300000 4 1 2 per cent water extension bonds maturing 1933.
MENTIONED IN THIS ARTICLE
Green Bay
Wis
Champion
Mich
Seattle
Wash
Gasolene Gas and Dolly Dimples Highlight Next Sunday Post
The comic section of next Sunday's Post promises special appeal with Gasolene Gas Dolly Dimples and Noazark Hotel among featured cartoons and strips.
MENTIONED IN THIS ARTICLE
Dolly Dimples
Noazark Hotel
Next Sunday
Post
Wilson clears up appointments after Capitol talks
President Wilson visited the Capitol and, after hour long conferences with several Senators, left with a happy smile, saying he had resolved a number of troublesome appointment situations to his own satisfaction.
MENTIONED IN THIS ARTICLE
Washington
Wilson
Capitol
Suits Over Titanic Loss Filed Here
Three suits for 40000 dollars and one for 100000 dollars have been entered in the Superior Court here against the Oceanic Steamship Company owner of the ill fated Titanic.
MENTIONED IN THIS ARTICLE
Oceanic Steamship Company
President’s quiet White House power plays and reinstatements
In New York and Kentucky factions clash over appointments to the White House. Mitchel is named collector of the port of New York, pleasing O Gorman and anti Tammany Democrats. Ben Marshall is appointed Kentucky internal revenue collector for the seventh district. Beckham backs Desha Breckenridge for Lexington, while Kern presses for Remus Stewart and John Hollingsworth reinstatement after political removal. Saltzner’s pension postner nomination ends a long contest amid broad pressure. Wilson discusses tariff with senators as Democratic cohesion grows. The President’s visit attracts little notice as he moves unseen through the Senate chamber.
MENTIONED IN THIS ARTICLE
New York
Kentucky
White House
John Purroy Mitchel
Port
O’gorman
Mr. Mitchell
Ollie James
Ben Marshall
Beckham
Desha Breckenridge
Lexington
Henry C. Breckenridge
Kern
Indiana
Remus F. Stewart
John E. Hollingsworth
Harrison
Burleson
Gaylord M. Saltzebner
Wilson
Senate
Chicago Market Bid and Asked Prices for Stocks and Bonds
Market notes list bid and asked prices for ships, bonds, and utilities in Chicago. Entries include Am Ship pf 100 102, Swift & Co 104 105, Com Eds 1349U 9, Chi Ry and related rails, Armour 41s 90%, Nat Carb 118 122, Ogden G 5s, and various equipment and tool stocks with scattered quotations.
MENTIONED IN THIS ARTICLE
Swift & Co
West Stone
Cal & Dock
U S
Chi Subway
Armour
Titanic Sinking Lawsuit Seeks 100000 From Company
J Alfred Anderson as administrator for Martha Hildunen sues for 100000 claiming the Titanic sank after a maiden voyage collision at 2 a m April 15 1912. The suit accuses J Bruce Ismay and the company of negligence for speeding despite wireless iceberg warnings and for inadequate lifeboats and crew.
MENTIONED IN THIS ARTICLE
J. Alfred Anderson
Martha Hildunen
Miss Hildunen
Southampton
New York
J. Bruce Ismay
Ismay
Slater Faces Cross Suits Over Nahant Collision
Two lawsuits totaling 25000 dollars were filed in the Superior Court by William J. Cummings of Charlestown and his wife against Horatio N. Slater of Webster arising from a Nahant collision on Patriots Night. Slater, represented by attorney D. J. Daley, filed a separate suit for damages to his car against the Cummings.
MENTIONED IN THIS ARTICLE
Nahant
William J. Cummings
Charlestown
Horatio N. Slater
Webster
Slater Mills
Slater
D. J. Daley
Brookline
Cummings
Americans Visit King at Buckingham Palace
At Buckingham Palace the King and Queen hosted a reception this evening with American guests from New York and Connecticut. Adrian Iselin and Miss Louise Iselin, Mrs. Charles Edward Greenough, Miss Helen Marie Stuart, and Miss Ella Wheeler Wilcox attended as the American visitors.
MENTIONED IN THIS ARTICLE
London
Buckingham Palace
Adrian Iselin
Louise Iselin
Charles Edward Greenough
Helen Marie Stuart
New York
Ella Wheeler Wilcox
Connecticut
Also Mentioned on This Page
Hornblower & Weeks
Congress ST
Detroit
Providence
Railroad Issues
Boston & Maine
Rebounds
Am. Woolen
New York Market
Rumely Co
U Cigig al
Sheen
U UN Pac P' Scip&f
C&c
Teree
Wis Central
Woolworth Setae
Boston Stocks
Miami
Union Pac Tee Eee
United Fruit
United Shoe Ee Eee
UN Shoe
U S Steel of Wees
Utah Apex Senna
Utah Consol
Wolverine
West End
Este Ewes
Braden Copper
Consol
Ely Consol
Tigenie Goldfid
Greene Cananea
la Rose
Manhate Transit
Nevada Hills
Standard Oil NJ
Stewart
Tonopah
Tuolumne
UN Cig
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United States
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Pearl Lake Ve RD
Por Gold
Midway
Por Imp
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Montana
Rea Mines
North Star
Res Eula
West Dome
Alta
Crown P
Beaver
Chamber
City Cobalt
Idaho
Coniagas
Iron King
Crown Res
King Wim
Foster
Lwr
N.Y. Minn
Toledo
Ork
Seer Neewree
Ward Mby.o.ceseesars
Denver
Rio Grande
Ee Ee Rss Ee Eesas
Sia C'Aaiace
Ee Ee Ee
Eee Tees
High Point
Low Point
Metal Markets
Pioederd Eenper
Shaviegae Vee
Eerae
Steet Tewene
Teee Peewee
Heen
Nyc
Wer
Col
India
LH & Power Col
Pacific
Penn
Ead
LIM& Gulf
Erie Gallien
Ee Motors
So Pacific
Gen Motors
Bos Ass
SOROS
Emee Ry
Undergroup Agar Ee Oe
Ween
Baoccas
Keokuk
BOR Lorillard Co
Indiana Steels
Union Pac
Marvin
Kan City
Wabash
Leper Riates
Columbr Ae Gotan
Stock Exchange A
Tokyo
Nba Palisades Pa
Ait
Ches & O
CB & Q
C& Nn
C & Nez
Irt& Cri
Dd Armour
T&s F
Balt & O Pitts
Beth Steel
Reese & Lg Bri
Aga As
Ove Sen Eklyn
West Shore
Wisconsin
Silversmiths Co
Thompson-Starrett, Ptd
Detroit River Tunnel Co
Central F. R. Co
Chicago, Milwaukee & St. Paul Railway Co
Milwaukee & Northern Railroad
Massachusetts
New Jersey
New Hampshire
Rhode Island
Chicago, Milwaukee & St. Paul Railway Company
Milwaukee
Farmers Loan & Trust Company
William Street
N. Y
Milwaukee & St. Paul Railway Company
N. W. Harris & Co
Federal St
Lion Hill
Gladstone
Money Markets
Philadelphia Market
Chicago Market