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This newspaper page contains 23 articles. Subscribers can read the full text of each article.

Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

May 22, 1913

Page

14

Money market steady after New York bond sale

Money rates showed little change after New York city bond sale. Call money traded around 2 3/4 to 3 percent with 2 3/4 percent ruling, while time funds at New York ranged from 3 1/2 to 4 1/2 percent across 60 to 180 days and longer. The report notes the bond sale may influence the week's loan account and cites ongoing gold bids by Paris totaling 12 million.

New York City New York Paris Veeweseeer Sense Boston Bankers’ Sterling DLO Refichsmarks Ealbin Ice

Cotton Markets Stay Steady Amid Mixed Weather Outlook

The cotton market remains steady in light of near perfect South weather and scattered showers in Atlantic states. Analysts cite technical factors from straddle trades and active foreign demand as key drivers, with Liverpool absorbing new crop contracts at 6 pence and Liverpool sellers covering in New York amid wide price gaps.

Atlantic States Continent Liverpool New York

Lecture on Mining in Chili and Peru by Brookline Engineer

Mr. Louis Ross of Brookline spoke to the MIT Mining Engineering Society on Mines and Mining in Chili and Peru. Photographs from over 16 000 feet illustrated Andes mines and waterpower. Ross, who reported on Atacmite deposits in Chuquicamata, helped spark Guggenheim interest leading to the Chili Copper Company capitalized at 110000000 and a plant build.

Louiis Ross Brookline Massachusetts Institute of Technology Mining Engineering Society Chili Peru Andes Chile Ross Chuquicamata Guggenheims Pope Yeatman Chili Copper Company

Grain markets rally on adverse crop news and exports

Wheat rose sharply on mixed crop concerns across leading states and export demand, closing at top levels with gains around 14 to 1% gains. Corn recovered and finished higher, oats gained, while European markets showed mixed results. Chicago and Duluth activity noted with future and cash movements and a 200000 bushel sale to Baltimore exporters.

Kansas Liverpool Paris Berlin Budapest Antwerp Minneapolis Duluth Chicago Baltimore

Boston Stocks Ex div rights and sales update

In Boston stocks report, ex dividend noted as ae sales total 12 674 shares while bonds amount to 46000 and rights activity appears. The brief highlights market movements and asset types.

Bond market notes outline diverse city issues and expansions

Minneapolis offers 4 per cent bonds of 50 100 200 and 1000 for 10 20 or 30 years to place 577 000 issue with no bids on May 8. Lawrence solicits bids by May 27 for 50 000 4 per cent paving bonds dated May 1 1912 payable 1919 22. Guggenheim reports over-subscription for 15 000 000 7 per cent convertible bonds exchangeable for stock at 325 par. South Carolina Railway Light and Power extends trackage in Spartansburg plans a 100 000 steam station near hydro plant Gaston Shoals with a second plant at Palmer Shoals for 16 000 hp costing about 1 000 000. Gaston Shoals plant now 12 000 hp. E H Rollins Sons offer 2 500 000 New Orleans Railway Light Company 38 year 6 per cent gold debentures dated June 1 1913 optional at 101 guaranteed by American Cities Company which controls most New Orleans utility operations.

Bk S&f Smelt & R Ches & Ohio Cm& SP Col Bodics Crass Goodrich H’m Exp Co Int Central Lehigh Valley Liggett & My Long Island Nevada Nynh&h Pf &O Rock Island Rumely Co Sl&bf I Pf Studebaker Texas Pacific Tenn Third Ave Tolly & Light Union Pacific Son U S Steel U § Steel Utah Copper Westinghouse Shan Ariz West 'S & 'T Alaska Gold M Algomah Aliouez Amalgamated Ag Chem Ag Ch Pf Dutte Eens Tel & Tel Woolen Zinc Arizona Com Atchison Tenne Ee Gulf Pf Se Eeee Ll i Bos Elevated Bos & Corbin Ihlig Bos & Maine Butte Ballak Butte & Sup Edison Georgia Giroux Pere E Granby Indiana Island Creek Isle Royale Lake Copper Maine Central Mass Gas McElwain Mergenthaler Pf Mohawk Tt Eee New Arcadian New Eng Tel Cence North Butte Nipissing Old Colony Osceola Penn R R Rts Pond Crk Coal Pond Crk Rts Pullman Co Sere Quincy Tere Eens Reece Fd Mch Shannon Tee Eeee Shattuck-Aziz U S Smelt Tee Utah Apex Eee Utah Yonsoi Ig Tke Utah Cop Co West End Ee West End Pf Winona Wolverine Minneapolis Minn Lawrence Mass Guggenheim Chili Copper Company The South Carolina Railway, Light & Power Company Spartansburg Gaston Shoals Palmer Shoals E. H. Rollins & Sons New Orleans Railway & Light Company American Cities Company New Orleans Company New Orleans United States Aw Wwe Stock Exchange North Pacific Mexico Ros & Co Nyc C Ae & St C . Nwn Penn Pee G&c Allie-Chalmers Sas & So Trust Coctfs Aon T&t Gate Erie-Penn Thee Great Nor Uae Oy Armour & Co Real Ill Beil Mardys So Pacific Mg At& SF Icsrilacs At&s Pone C Ft S& M Ouseve Kan City Atlc L& N Kings Co Balt & O L& W London Eabolers Ie Ee Se US Steel Minn & St el Mk&t Non & S Canada South West Union Atlanta Silver Leaf Blue Bull T’miskam Booth Trethewey Wettlaufer Comb Frac A Big Ee D'fld Obie Florence D Exten Dome Lake G'fld Daisy F O'Brien Gold Merg Hollinger Jim Butler Jupiter Jumbo McIntyre Namara Pearl Lake Idway Mizpah Montana EK Dome North Star Rea Mines Swastika Ton Bel West Cobalt Iron Bros Coniagas Cro’n Res Bell Foster Gifford Gt North'n Opohongo Hargrave Or Prince Con Kerr Lake Sil Kg Cln la Rose Sioux

Markets Again Extremely Dull Amid Irregular Prices

Reading is the most active issue in New York City trading as 4 percent sell at 99 percent When Issued. Market chatter centers on a possible reorganization for U S Worsted.

New York City U. S

Market activity wrapup for New York and Boston

Daily and year to date stock totals show New York at 159100 shares traded yesterday and Boston at 12674. Reading and Shannon Copper emerge as most active issues in their markets. Notable gains and losses include St L and S F first preferred in New York and Edison Electric in Boston. Call money ranges and time money move modestly between cities.

New York Boston Reading Shannon Copper California Petroleum Osceola Consolidated Edison Electric

Market Dull as Union Pacific and Reading Lead Narrow Trading

New York markets show dull, spiritless action with Union Pacific Reading and Steel moving within a point. Bonds dampened activity as New York city bonds declined below 100 159 while petroleum shares lacked support amid renewed liquidation.

Copper Leads Light Boston Market Amid Quiet Five Hour Session

Local market in Boston shows a small five hour volume with 12 674 shares and 8 847 in rights. Shan non Copper at 9 12 is the day's most active issue while New Haven Boston Elevated and Telephone and Pennsylvania rights offer limited gains amid steady copper sentiment and attention to the New York bond sale.

Boston Shannon Copper New Haven Pennsylvania

Boston curb market shows mixed activity on Mexican Metals

The Mexican Metals issue traded actively with over 2700 shares, rising to 72 and closing around 71. Davi Fromped and the market overall remained dull with fluctuating prices and limited movement in other securities.

Market Review of City and China Bond Offerings

The New York city 4 1 2 percent bonds sold at par with bids near 100.15 and subscription at 1.25 times, signaling scarce investment capital. Chinese bonds of 125 million sterling were oversubscribed with London underwriters cautious on price, aided by a Morgan bank and Kuhn Loeb bid that preserved rather than acquired bonds. The issue drew many small bidders and traded on the exchange at 997 8 when issued.

New York City London New York Morgan First National Bank Kuhn-Loeb New York Stock Exchange

Protective committee urged by Hartford shareholder at US Worsted

Thomas C. Perkins sends a circular to preferred shareholders proposing a protective committee. A letter from C F Choate Jr cites a Price Waterhouse report alleging asset overvaluation by about 1 061 000 and suggests data tampering. Westinghouse Electric reports record gross earnings for year ending March 31 1913 and net earnings of 4 571 000, with strong common stock returns.

Thomas C. Perkins Hartford Price, Waterhouse & Co United States Worsted Westinghouse Electric Company

Ohio Copper Company shifts in board and profits turn

The Ohio Copper Company board shrinks to three members after resignations from two of President Allison’s representatives. Production and profits improve as Davis Daly begins sending funds to Boston again, with daily profits for stockholders rising while daily expenses remain high. The Brooklyn Eagle lauds NYSE reforms and describes the new business conduct committee duties to curb manipulation and ensure proper behavior on the exchange floor.

Ohio Copper Company Allison Davis Daly Boston

Brooklyn Rapid Transit Considers Dividend Increase

A Brooklyn Rapid Transit directors meeting next Monday will decide on a dividend rise to 6 percent, as large stockholders have been advised. The firm earns about 10 percent on the stock, pays 5 percent, and at 90 price yields 5.55 percent. a 6 percent dividend would lift the yield to roughly 6.66 percent at current levels.

Stock Exchange Brooklyn Rapid Transit Company Brooklyn Rapid Transit

Dividends Declared by Major Companies This Quarter

A list of dividends declared by American Can Co Corliss Limb Specialty General Electric Co National Transit Co Cuban-American Sugar Co Chicago Elevated Railway Co Cities Service Co Utilities Improvement Co for various dates. Payable May to July with record dates from May 1 to May 31 and percent rates from 1 2 to 13 4 per cent.

American Can Co Corliss Limb Specialty General Electric Co National Transit Co Chicago Elevated Railway Co Cities Service Co Utilities Improvement Co

Ex-Dividend Calendar Snapshot For Today

A concise list shows companies like General Chemical American, National Brick, Philadelphia Electric, Anaconda Copper, Woolworth, Amer Strawboard, Cleveland & Pittsburg R R, and Ohio Oil, with payables and special notes. Several items indicate ex-dividend dates and percentage yields in parentheses.

Amer. Strawboard Co., Spe Mtg Cleveland & Pittsburg R. R. Ohio Oil Co

Westinghouse Company Consolidated Balance Sheet and Income

The document shows Westinghouse Electric and Manufacturing Company assets liabilities and equity with figures for cash notes and receivables, real estate, bonds and funded debt, current liabilities and reserves. It includes a consolidated statement of income and profit and loss for the year ended March 31 1913 with sales costs miscellaneous income and net profit and the surplus at year end.

Consolidated and Condensed General Gross Inc Capital St’k Tal Fence

Iron Cap Copper resumes shipments to El Paso smelted ore

The Iron Cap Copper Company resumes shipments to El Paso with ore received by the 12th. Seventeen men employed and ore shipments cover production costs. Assay returns range to 84.8 100 copper with recent high grade copper and silver ore at the 650 level east.

Iron Cap Copper Company Fl Paso

Vessels Bring Fresh Groundfish as Fleets Hit Wharf

A fleet of ten vessels anchored at the wharf yesterday with fresh groundfish. Dealers posted prices for haddock, cod, hake, pollock, and cask. Afternoon arrivals included Olive F. Hutchins, Rose Standish, Eleanora DeCosta, W. M. Goodspeed, and Ellen & Mary with thousands of pounds of groundfish, while the Swell landed flounder and halibut. The Conqueror auxiliary lobster schooner went down the harbor on a trial trip.

T Wharf Haddock Ignatius Enos Pontlid Gishavess Edith Silveira Olive F. Hutchins Rose Standish Eleanora DeCosta W. M. Goodspeed Ellen & Mary Conqueror

Investment Opportunities in High Grade Manufacturing Stocks

Conservative investors seek high merit stocks offering solid returns. Turners Tucker & Co lists offerings from successful corporations with potential yields above 7 percent. Further information available upon request from Turner, Tucker & Co., Inc. Boston New York Chicago.

Turner, Tucker & Co., Inc Boston New York Chicago

Boston lobster schooners and cargo ships report at harbor

A. S. Young owned Conqueror carries nine thousand live lobsters under Captain Wallace. Electric Light from Westport N S delivered 9000 live lobsters for L C Creamer. Barbara arrived with 700 large mackerel for Boston market off No Man s Land, first mackerel catch this season. Snowden from Buenos Ayres via Turks Island arrived with 50 077 bushels of salt to Mystic wharf. John R Fell from Mayaquez Porto Rico with 1484 barrels of molasses for Boston Molasses Co. Toronto from Hull with general cargo. Rebecca R Douglass from Mayaquez with 2200 barrels of molasses. Parisian 110 miles east of Cape Race from Glasgow with 132 cabin and 201 steerage passengers. Dorchester reports raft sighting May 20 southwest of Fire Island Lightship. Alice Murphy from Belfast Ga with 684 000 feet lumber. northeast gale caused jibstay loss. The Landsman dangerous.

A. S. Young Boston Conqueror W. O. Wallace Electric Light L. C. Creamer Westport N. S Barbara New Bedford No Man’s Land Snowden Farron Buenos Ayres Turks Island Mystic Wharf John R. Fell Greenleaf Mayaguez Porto Rico Boston Molasses Company Wilson Line Toronto Smith Hull Enz Pier Hoosac Docks Rebecca R. Douglass Ladd South Boston Parisian Allan Line Cape Race Glasgow Dorchester Branch Hydrographic Office Fire Island Murphy Alice Murphy Belfast Hilton-Dodge Company Hatteras

Shipping News Arrivals and Departures Highlight Busy Port Activity

A crowded shipping list records steamers and schooners arriving at and sailing from major ports. Vessels include Laconia Barr Wing Katahdin Macbeth Lexington Nickerson Newton Abbott Jones, ships towing barges, and barges bound for Newburyport and New York, with multiple ports named along the Atlantic coast.

Melpomene Halifax Plymouth Governor Cobb St. John N. B Portland Massport Occidental Suffolk Norfolk Coastwise, Co Nottingham Port Johnson Security New York L. W Port Reading Henry Withington Capea Ann Philadelphia Ethel EF Merriam Newheres Albert Baldwin Rockport Mass

Also Mentioned on This Page

Hornblower & Weeks Congress ST Detroit Providence Service Warner, Tucker&co Devonshire Street Money Markets American Investment Sec Arlington Mulls American Screw Co Babcock & Wilcox Bigelow Carpet Hood "Rubber Co Pf International Text Book Co Library Bureau Co Lymanius Stee Manomet Mills Massachusetts Cotton Mills Michigan State Nashawena Mills Hee Niles Bement P Esseresses Oswego & Syracuse Hee Pacific Mills Cte Ewes Pere Marquette Ayers Koss Veaiee Dewes Pope Mfg Regal Stafford Mills Evecesonees Aec Cas Reese Cues Tenresersion Utica Chenango & Sus Vally Dicantts Mills Birm & At Buffalo & Susquehanna Burlington Vt Gas Eastern Steamship Col & East Pere Marquette Fis Aes Roch Sy & FE Swift & Co Wwe Ener Cs Pieiria Esas Wars Ihe Lor Keane Low Point High Point Libsay Ee Enews Mae Ulut Ee St Louis Kansas City Toledo Boston Stocks New York Market Reading and Steel St. Louis San Francisco Bay State Gas Butte Central Butte & London Cactus Eeveeese Ae Calaveras Sheeee Ae Davis Daly Thee Eagle & Blue Dal Ely Consol Ely Witch Peewee Goldfield United Verde Ext Utah Metals Ener State Street Westinghouse Electric Ohio Copper Brooklyn Eagle Big F Louis & San Francisco Brooklyn Rapids Transit Baltimore & Ohi Metal Markets Cookson General Chemical. Com National Brick, Pfd Philadelphia Elec Anaconda Copper Mag. Co. Vl S. Smelt. & Ref Woolworth Ff. Ww.) Co Westinghouse Electric and Manufacturing Company Treasury Walker Company Roucel Denver & Salt Lake George H. Burr Colorado Utah Construction Company Freeman I. Davison Butte Central Copper Company Butte Chicago Market Ao P Booth” Fish Cae Dock West Stone Fedison Chic Subway Ha Armour Tit&t ChiCityRy Hart S&m Fis Illinois Brick Morris Nat Carbon Pneu Tool Philadelphia Market Phila Co Cambria St ConTr of PEI Lehigh Penn Salt Pa Steel Pf Shipping News Laconia Barr Queenstown Wing Payne Newport News Katahdin Macbeth Jacksonville Charleston Lexington Nickerson Newton Abbott Everett Giles Sewalls Point H F. Dimock O'Donnell Curtis Bangor City of Bangor Blair Bath Ransom Fuller Dennison Cape Ann Godfrey Gloucester Stenm Jonas H. French Riches Newburyport Lenape Bennett Macungie Yardley Indian Ridge Carlisle Derrickson Leesport Fagle Hill Kohinoor International St. Nicholas Manhelm Paxinos Boswell Walton Annie Pocono Vesta Kemp Lynn Upton Snowdon Farrow Ida M Glennie Waterside Rebecca R Douglass Wyoming MelLeod Aliee Murphy Fledric Light Lawry Sunbeam Barter Kennebec Mary Augusta Tinker Ella Clifton White Winchester Port Eaton H. F Cleared Sundt Azua S. di H. F. Dimock Laura E. Melanson Mereghan River S,s George B. Cluett St. Anthony N. F Hunter Nellie Eaton
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