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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 16, 1907
Page
12
The market opens with a timid upswing driven by better crop-region weather but soon shifts as Interstate Commerce Commission findings on the Harriman roads spark a broad selloff. Union Pacific leads losses. National Lead rallies on a dividend talk while overall activity remains quiet and prices drift with little excitement.
The Boston Market reports the day’s stock and bond price movements with a detailed table of totals and individual prices. The data covers the market as of May 15 and reflects overall activity across major securities.
The curb stocks traded lightly with Raven Mining more active as its price edged to 2. Bull Frog Mines Inc gained 3 cents to 87 cents, later 36 cents, on about 6200 shares. Golden Dawn attracted buyers around 28 to 30 cents. A full sales list with price ranges accompanies this report.
The American Telephone and Telegraph Company posts its first ever net loss for April citing an 87,059 instrument loss from the San Francisco disaster last spring whose returns were delayed and could not be entered in the books.
The annual report shows 1906 receipts of 26,968,871 against 23,734,203 in 1905, disbursements 18,884,702, balance 8,584,169, interest 258,500, total income 8,842,669, dividends 6,900,000, surplus 1,042,660, and by surplus 7,240,572, with notes of decreases and related figures.
Directors of the General Electric Company voted to offer stockholders $13,000 of 5 percent 10 year debenture bonds convertible after June 1 1911 into stock at par and redeemable after that date at 105.
The Delaware & Hudson Company board authorized issuing up to $10,000,000 in equipment trust bonds as needed. Interest rate has not been set.
New York May 15 There was a brief animation in the stock market after a published abstract claimed to reveal the forthcoming Interstate Commerce Commission report on Harriman railroad combinations. Wheat and cotton dominated speculation as traders recovered from early declines amid short-covering and rumors of dividend increases.
Sixteen fishing boats reached T wharf landing 272200 pounds of mixed fresh fish. Haddock sold 8 to 41-4 cents, large cod 4 cents, pollock 11-2 to 8 cents, markets 21-4 cents, and cask 21-4 cents per pound.
The 20 000 share allotment of Douglas Copper Company stock at 10.50 a share is fully subscribed and will likely be oversubscribed by 2000 to 4000 shares. The agent thanks customers for their orders and praises the stock as a premier mining investment while pledging continued fair dealing and trust.
Queenstown Harbor reports 2158 passengers aboard Queenstown ship on yesterday's run to this port and arrival of several steamers. King Philip substitutes for Monitor during East Boston overhaul as Captain Brophy takes charge of Standard No. 2 and Captain Godfrey shifts to Astral in New York. Admiral Farragut sails for Port Antonio with a large freight share. Haakon VII arrives maiden voyage with 23 040 bags of sugar for refineries. multiple arrivals and sailings listed with crews, cargoes, and destinations.
From Banes Cuba the landsman reports fine weather and a smooth passage across open seas.
Renewed profit taking pushes the leading wheat option down more than two cents, with July at 21 8 lower from yesterday’s close and September and December also lower. July corn rises 1 4 while oats drop 38 4 to 8 1 2. Provisions decline 15 to 20 as heavy trading shows bear dominance and no rebound.
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