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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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