Unlisted Securities Note Par Values and Dividends
Unlisted securities show a par value of 10 dollars per share and a par value of 50 dollars for other class. The note also references ex dividend status for the securities.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 09, 1913
Page
18
Unlisted securities show a par value of 10 dollars per share and a par value of 50 dollars for other class. The note also references ex dividend status for the securities.
The market saw gold shipments to Paris and fund inquiries from mercantile sources and interior banks without shifting rates significantly. Bank of England balance sheet showed reserve up to 49.80 percent while New York call money traded around 2 1/4 percent with time funds at various 4 to 5 1/2 percent ranges. End-of-day figures included Boston and New York clears and balances, with New York subtreasury activity and foreign exchange rates showing limited movement amid European outlook uncertainty.
May 8 report shows dull and irregular cotton with unsettled undertone. Liverpool futures steady early on lack of rains in the eastern belt. later showers in Carolinas Georgia and Alabama boost prices about twenty points. Strong July option due to anticipated shipments from local stock. certificated stock remains 95,000 bales versus 108,000 last April.
A trade note directs all stock and bond brokers worldwide to contact Commonwealth National Bank Building in Dallas Texas for live wire communications with the Texas Stock Exchange.
Officials estimate Boston Elevated Railway Company will finish nine months to June 30 with 12 465 368 in gross income up from last year by about 50 000 Net earnings are not disclosed but a deficit near 520 000 is projected after dividends With higher labor costs and strike effects the operating ratio may reach 68 70 per cent like 1912. Bond sales and stock issues shape the year s deficit and dividend coverage.
The winter wheat condition rose to 91.9 up 0.3 from last month, beating low forecasts. The indicated crop reaches 513.9 million bushels, vastly higher than last year’s 400 million and the five year average near 425 million, with only 1.499 million acres abandoned.
The Nevada California Power Company annual report shows gross earnings of 870 548 dollars for the year ending December 31 1912 up 103 698 from 1911. Net surplus after charges stands at 327 027 dollars, 29 818 above 1911, with expenses rising 10 136 dollars under control. The Southern Sierras Power Company, under the same group, earned about 24 000 dollars in 1912 for part of the year.
Granby Consolidated Mining, Smelting and Power Company stockholders have subscribed to about 10 percent of the $1,500,000 6 percent li year convertible Series A bonds offered at par and accrued interest. The total issue is $5,000,000 with $3,500,000 to remain in treasury. Bonds are secured by a mortgage on all mining and smelting properties in British Columbia.
May wheat opened with some gains but closed with declines amid awaiting government data. Corn strengthened on light receipts and farmer activity with steady demand, while oats held steady. Liverpool Paris and European markets showed mixed moves. Minneapolis and Duluth receipts rose versus last year, with export sales totaling 56 000 Hard Winter and 64 000 Spring.
Market report notes total sales in New York and Boston with figures for main issues. It lists key gains and losses in the Reading, Old Colony Mining, Calumet & Hecla, General Motors preferred, and Boston & Albany stocks. Call and time money rates are provided for New York and Boston.
Speculation faded as New York stocks moved narrowly with little buying power. The market showed apathy despite favorable crop reports and copper stock declines. Canadian Pacific weakened while Chesapeake and Ohio slipped amid dividend cut talk. Bond prices were irregular but firm undertone persisted. Total sales par value $1,750,000.
The bond market shows continued recovery with several issues like Wabash-Pittsburg Terminal 4s and Atchison, Topeka and Santa Fe convertibles trading higher. Government bonds and stock exchange transactions remain active with Penn con 4s 1948 Seas noted. total sales reach 1 756 million in dollars, down from yesterday and a week ago.
Dedham Massachusetts will receive bids until 4 30 p m May 4 for a temporary loan of 40000 dollars due November 3 1913.
In Boston on May 8 the Copper Producers' Association report boosted copper shares toward a near one point gain amid quiet trading. Osceola Wolverine and Calumet & Hecla led advances as the market noted a 28,720,162 pound drop in visible supply.
It was a dull curb day with Mexican Metals Butte Central and First National leading indices. Price changes were without significance as detailed fluctuations follow.
Tin futures ease marginally on May 8 as bidding retreats about several cents while asking prices slip modestly. Copper remains steady with no significant change.
The Associated Trust releases a publicity piece on its investment and saving form. It reports assets of 2 143 777 35 dollars and combined certificates totaling about 11 000 000 dollars. A March 31 dividend brings total dividends paid on its two issues to 30.
Mason Valley Mines Company reports for the quarter ended March 31 net profits after charges of 73617 dollars. Copper production amounts to 4611881 pounds.
Dull business at the wharf with fourteen vessels discharging fares and small catches. Dealers quote haddock at 3 3 4 cents, steak cod 4 1 2 cents, market cod 2 3 4 cents, pollock 2 1 2 cents, hake 2 3 4 cents, small hake 1 3 4 cents. Numerous vessel arrivals and cargoes noted including mackerel, lobsters, bananas, sugar, and fruit shipments, plus trips and overhauls of local steamers and ships.
The miniature almanac notes sunrises and tides for May 9 and lists arriving steamers and schooners from ports including Cuba Yarmouth St John N B Halifax and Boston with tugs and barges in tow. A long aviation era tribute recounts Colonel Harvey recalling Mr Morgan’s patriotism and final farewell words to President Wilson.
Calendar notes Ex-Dividend for Caney River Gas Co at 2 percent payable May 20. Books open for Michigan Central R R Co. Meetings listed for Beech Creek R R Co.
New York May 8. The last words of J Pierpont Morgan were spoken to Colonel George Harvey in Morgan's library before he sailed for Europe. Harvey delivered the line at a Trust Companies of America dinner, describing Morgan's readiness to place his influence and resources at the country's disposal.
Union Pacific declares a usual quarterly dividend of 2 1 2 percent on common stock payable July 1 to holders of record May 31. Southern Pacific declares a regular quarterly dividend of 1 1 2 percent on common stock with record date June 2.
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