Municipal bonds rise to record yields and popularization urge
The article notes 1912 as a record year for new securities, with New York City selling 65 million in 4 1/2 percent municipals at 4.21 percent. It explains municipal bonds’ lower popularization, institutional demand, and potential shift toward smaller denominations and higher yields, citing Minneapolis sale details and risk considerations.
MENTIONED IN THIS ARTICLE
City of
New York
New York City
States
Minneapolis
Massachusetts
Reading Leads In Stock Melons And Insider Moves
Reading stock soars to 179 a record high as insiders buy Lehigh Valley after an expert appraisal reveals hidden value. Canadian Pacific climbs while brokers watch convertible bonds open new trading avenues with Ray Inspiration and other mining properties. Sears Roebuck climbs to 180 as dividends look likely. copper edges up amid mixed performances across specialties and standard issues.
MENTIONED IN THIS ARTICLE
Lehigh Valley
Reading
Bears
New York Stock Exchange
Philadelphia
Ray
Inspiration
Market Report of Yesterday and Year to Date Totals
Yesterday total sales 605 600 shares in New York and 33 215 in Boston with most active issues New York Steel common 182 600 and Boston Old Colony Copper 4927. Year to date totals show New York 56 348 700 and Boston 5 390 172. Changes include Canadian Pacific 2d pref up 612 to 253 and Calumet & Hecla down 10 to 470 in Boston. Call money New York 2 7 8 per cent and Boston 3 1 2 to 4 per cent. Time money New York 3 to 35 8 per cent and Boston 3 3 4 to 4 1 2 per cent.
MENTIONED IN THIS ARTICLE
New York
New York City
Boston
Philadelphia
Lincoln Steffens
Steel Common
Old Colony Copper
Canadian Pacific 2d
Ahmeek Mining
Bostoh
Calumet & Hecla
Market gains and notable moves on the New York and Boston exchanges
Trading centered on specialties and minor issues with United States Steel leading gains. Canadian Pacific and International Harvester rose on settlement hopes while Sears Roebuck hit a yearly high. In Boston, Mayflower and Old Colony pressured prices, but Pond Creek Coal surged onIsland Creek Coal progress and Steel common remained active.
MENTIONED IN THIS ARTICLE
Canadian Pacific
Sears Roebuck
Lehigh Valley
Steel Common
International Harvester
Keokuk & Des Moines
Point— Pond Creek
New York
Stock Exchange
Reading
United States Steel
Steel
Sears
Roebuck
American Sugar
National Biscuit
United States Rubber
Union Bag and Paper
International Paper
American Car and Foundry
Pressed Steel Car
Republic Tren and Steel
American
Minneapolis, St. Paul & Sault Ste. Marie
Wisconsin Central
New York Central
Union Pacific
Louisville & Nashville
Rock Island
Missouri Pacific
Wheeling
Wake Erie
DuPont Powder Company
Panama
Boston
Mayflower
Old Colony
Houghton
Superior
Lake Copper
Lake
Pond Creek
Island Creek
Butte & Superior
Torrington
Grain markets ease as weather aids crops and dull world demand
Grain markets showed a subdued tone with limited outside interest and little commission buying after the decline. Weather was not unfriendly and forecasts called for fair, warmer days with showers in Minnesota. Crop news was steady with Saring wheat developing and hard winter reports strong amid generally favorable soft winter conditions. Foreign markets were dull, eased by American news. Germany received general rains aiding crops.
MENTIONED IN THIS ARTICLE
Minnesota
Germany
Money Market Stagnant as Rates Hold Steady
Yesterday's money market was nearly stagnant with abundant liquidity and little demand. New York call rates stood at 27 8 percent, while time money eased with 50 days at 3 to 81 4 percent, 90 days at 3 1 4 percent, four months at 31 4 to 31 2 percent, and six months at 31 2 to 35 8 percent. Local money and foreign exchange quotes followed.
MENTIONED IN THIS ARTICLE
New York
Cotton prices rise on short covering and June 4 report
The cotton market moved higher after an early break with gains around 28 to 25 points amid heavy short covering and some buying for long accounts. The advance followed a Bureau of Statistics note that the Acreage and condition report would be issued as usual on June 4.
MENTIONED IN THIS ARTICLE
Bureau of Statistics
Congress considers acreage and condition reports schedule
The bill advanced by the House awaits Senate action and could become law. It would issue the acreage report around July and the first condition report by August. The weekly weather outlook, though not as favorable as hoped, notes heat favors rapid germination and growth.
MENTIONED IN THIS ARTICLE
Congress
House
Senate
Williams Elected Director Filling Astor Seat
W H Williams, third vice president of the Delaware and Hudson, is elected a director to replace the late John Jacob Astor. B and Guinness is chosen a director of the Kansas City Southern Railway Company succeeding the late William Harritye.
MENTIONED IN THIS ARTICLE
W. H. Williams
The
Delaware & Hudson
John Jacob Astor
B. & Guinness
Kansas City Southern Railway Company
William B.’, Harritye
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Kidder, Peabody & CO
Devonshire Street
Albany
Worcester
Providence
Springfield
Hartford
Chicago
State Street
Bay State Gas
Westinghouse Electric Company
Electric Bond & Share Company
General Electric
Boston & Maine
New Haven
Amalgamated
Ahmeek
Hst
Sears-Roebuck
Associated Trust
Home Office
Milk Street
Mass
T. K. McAllister
Salem
Adams & Co
Brockton
W. A. Boyden
Pittsburg
Crucible Steel
Crete
Ind Brewing
Ann
Kansas
Seereess
Ohio
Seavee
Oklahoma
Pitts Brewing
Soage Gees
Union
Westinghouse
Westinghouse Machine
BAS
BS AG
Liverpool
Close
St. Louis
Kansas City
Toledo
Detroit
Money Market
Ee Money
Sub-Treasury Credit Ee
Aeeter
Bankers’ Sterling
Ee Nee Fee Eee
Serrieye Ae Ree
Reichsmarks ‘ ‘ Eee
Guilders Eeerer Territres Neree
E. H. Rollins & Sons
Denver
Los Angeles
San Francisco
Turner, Tucker & CO
Broadway
Congress St
Main St
Wall St
New England
Hodgdon, Cashman & Co
British Columbia
Arizona
Giroux
Kerr Lake
la Rose
Mason Valley
Nevada Hillal
South Utah
Wettlaufer O
John T. Whicher
Whicher, Young & Conant
EK. H. Rollins & Sons
Members Consolidated Stock Exchange of
N. Y
Broad Street
U. S. Steel
Utah Copper
Nevada Consolidated Copper
Whicher, Young and Conant
Messrs. E. H. Rollins & Sons
Associated Trust Department of Mortgage-Certificates
Milk St
F. I. Blanchard
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