Dun and Company Weekly Trade Review Highlights Conservatism and Steady Activity
R G Dun and Company's weekly trade review notes in the east sentiment remains conservative while actual industrial and mercantile activity shows little decline. Weather delays retail distribution but production in iron and steel remains strong with heavy shipments. Finished goods deliveries are easier though mills lag on tin plate orders. Cotton demand rises for export and domestic use. footwear demand grows with immediate delivery required. leather shows no clear trend. Commercial failures total 223 in the U S and 34 in Canada.
MENTIONED IN THIS ARTICLE
New York
R. G. Dun and Company
United States
Canada
Market Summary of New York and Boston Stock Activity
Total sales New York 192 500 shares Boston 12 132 shares Most active issue in New York Reading 33 000 shares Most active issue in Boston Greene Cananea 1514 shares Total sales Jan 1 1913 to date New York 36 070 400 shares Boston 2 503 947 shares Corresponding period last year New York 61 937 000 shares Boston 5 767 272 shares Greatest gain in New York list Mays Dept Store pfd 2 to 102 Greatest loss in New York list Iowa Central ptd 6 to 15 Greatest gain in Boston list Osceola Consolidated 1 to 85 Greatest loss in Boston list Providence & Worcester 41 to 235 Call money New York 2 to 3% Boston 3 to 3 1/2% Time money New York 3 3/4 to 5% Boston 4 to 5%
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Greene Cananea
Mays Dept
Iowa Central Ptd
Osceola Consolidated
Providence & Worcester
Call
Time Money
Grain Markets Show Mixed Wheat Gains On Drought Demand
Unrelieved drought in the Southwest winter wheat belt plus solid buying orders drove an active wheat futures session with early gains and later partial recovery. July futures closed up 4 cents, Sept up 44, May unchanged. Corn showed modest strength, oats steady, and European price actions varied from gains to small losses.
MENTIONED IN THIS ARTICLE
Liverpool
Paris
Antwerp
Budapest
Berlin
Minneapolis
Duluth
Baltimore
Lisbon
New York
Gulf Ports
Money Markets Little Change on Last Full Trading Day
The week and month end with steady rates in call and time funds. Banks remain cautious and advise moderate expansion. Also noted are gold shipments to Paris and various domestic and foreign money rates amid ongoing financial activity. Baton Rouge Electric declares semi annual preferred dividend of $8 per share payable June 5 1918 to record holders May 21 1918.
MENTIONED IN THIS ARTICLE
Bank of France
Paris
New York
Cammertia
Par Bistan
Boston
Geeeesis AE
Bankers’ Sterling
Ee Ae
Renee As Isa Eee
Reichsmarks
Fee Ee
Aas
Baton Rouge Electric Company
Baton Rouge
Louisiana
Stone & Webster
Boston Stocks and Bonds Ex Dividend Note
Boston markets report mixed activity with total sales of 12 132 shares and bond trades totaling 12 200 while rights reach 11 467. Investors monitor ex dividend status as prices fluctuate across listings and rights offerings.
Union Pacific Plans for Southern Pacific Stock Stir Market
In New York May 29 the Union Pacific directors publish alternate plans for disposing of its 126.65 million dollar Southern Pacific stake. One plan proposes public bids like a bond offering. the other would appoint a bank as trustee without voting power. If neither is approved, a receiver may be sought.
MENTIONED IN THIS ARTICLE
Union Pacific
Southern Pacific
New York City
Union
Local Market Inactivity Hovers Over Boston Copper Shares
In Boston on May 29 trading for copper issues was tepid with prices driven by cliques. Keen interest focused on the Greene Cananea capitalization reduction and the proposed Giroux Consolidated consolidation, while Steel common and Pennsylvania, Pond Creek rights and Shoe Machinery shaped volume. The day closed with an irregular tone.
MENTIONED IN THIS ARTICLE
Boston
Boston & Corbin
Greene Cananea
Pennsylvania
Pond Creek
Greene-Cananea
Giroux Consolidated
Metal market slips with copper and tin declines
On May 29 the metal market shows a dull tone with copper and tin weaker. Copper softens for late months, tin drops 34 cents, while June selling at 46.35 for 50 tons and first half June at 47.10 for 25 tons. spelter falls five points.
MENTIONED IN THIS ARTICLE
Tees
Cookson
Paris bankers anger over St Louis & San Francisco receivership
Reports from Paris say French bankers are angered by the St Louis & San Francisco receivership and allege American bankers dumped weak securities in Paris while keeping strong ones. The piece notes Frisco bonds in Paris near receiver ship and recalls prior American stock placements to Parisians, including Virginia Carolina Chemical. It then covers Union Pacific plans for Southern Pacific stock and the market’s quick reaction, plus a June 2 cotton crop report and expectations for acreage and yields.
MENTIONED IN THIS ARTICLE
Paris
St. Louis
San Francisco
Frisco
Bank of England Strengthens Position Amid Gold Market Moves
The Bank of England reports a major rise in reserves to liabilities at 52.04 percent, the strongest for the week in a decade. The discount rate remains 4.5 percent while Germany buys 2.5 million dollars in gold and France keeps 4 percent, delaying any rate cut to protect England’s position.
MENTIONED IN THIS ARTICLE
Bank of England
Bank of France
Greene Cananea Directors Plan Stock Reduction Move
Directors of the Greene Cananea announce a plan to reduce authorized shares from 3 000 000 to 600 000 par 100 with a 5 for 1 reverse split. With 2 500 000 shares issued the price could rise from about 6 12 to 32 12 and dividends are expected between 4 and 5 per share after the reduction. The change follows a new Minnesota statute requiring consent of 51 percent of stockholders rather than unanimous approval.
MENTIONED IN THIS ARTICLE
Greene Cananea
Greene Canamea
Greene-Cananea
Minnesota
Chicago and Eastern Illinois to Stand Alone
Reported receivership of the Frisco system leads to Chicago and Eastern Illinois operating as an independent road. Bankers close to management say the line was milked by the Frisco and will post safe bondholder balances and big earnings for the stock under its own control. They note fixed charges earned in the nine months ending March 31 and that the final quarter will be strong, with the company having paid large dividends on common stock over the past decade.
MENTIONED IN THIS ARTICLE
St. Louis
San Francisco
Chicago & Eastern Miw
Frisco
Uath Copper Sees May Output Peak and Job Cuts
May production at Uath Copper is forecast as record ore, with daily average above 20 000 tons and an expected rise of about 1 000 000 pounds versus April. Only 100 of 400 underground workers remain employed. NYSE filings list Mexican Petroleum Co Delaware 4 500 000 in common stock and Consolidation Coal 459 000 in first mortgage bonds due 1950. A injunction suit by New Keystone Copper seeks to halt Inspiration Consolidated Copper's transit drift from Live Oak to Inspiration shafts. temporary injunction granted until May 21 by Judge Shute at Globe.
MENTIONED IN THIS ARTICLE
Uath Copper
New York Stock Exchange
Mexican Petroleum Co., Ltd
Delaware
Consolidation Coal Co
New Keystone Copper Co
Inspiration Consolidated Copper Co
Live Oak
Keystone Ground
Inspiration Main
Webster Gulch
Shute
Globe
Cook County, Ill
William A. Read & Co
E. H. Rollins & Sons Syndicate
Cook County
Chicago, St. Paul, Minneapolis & Omaha Railway Company
Baltimore & Ohio Railroad Company
Pennsylvania Railroad Company
Railway Steel Spring Company
Montgomery Ward & Co. Inc
Consolidated Coppermines forms merger with Giroux and others
Announcement of the Consolidated Coppermines Company formed under Delaware law with 8 million authorized capital. Exchange ratios set for Giroux Consolidated Mines, Coppermines, Butte & Ely, and Chainman, with stockholder swaps due by June 30. Post merger, new capital and bond issue details outlined, leadership named, offices moving to New York from Duluth.
MENTIONED IN THIS ARTICLE
Consolidated Coppermines Company
Delaware
Giroux Consolidated Mines Company
Coppermines Company
Butte & Ely Copper Company
Chainman Consolidated Copper Company
Giroux
Consolidated Company
Consolidated
Butte & Ely
Chainman
Butte & Elyed
Chainman Company
Giroux Company
Copper Mines Company
Butte & Ely Company
New Exchange
Copper Mines
Charles F. Rand
Institute of American Mining Engineers
Thomas IF. Cole
E. T. Tefft
Charles F. Smith
Thomas F. Cole
H. B. Cotton
Isador¢é Hernsheim
William B. Joyce
Ralph C. Lupton
Mulford Martin
C. L. Perkins
James Phillips, Jr
W. H. Smith
William B. Thompson
Edwin F. Gray
FE. P. Mills
New York
Duluth
Bond Market Notes Highlight City and County Bonds
Somerville awards 414 per cent bonds totaling 2.3 million dollars to Estabrook & Co with other bidders named. Cook County notes and new issues in New York listings are described, including Maryland and Illinois issuances, rail bonds, and private sales.
MENTIONED IN THIS ARTICLE
Somerville
Mass
Estabrook & Co
R.L. Day & Co
Merrill, Oldham & Co
Curtis & Sanger
Bond Market Upturn and Mixed Trading Across Issues
Distilling 5s rose 3 points above opening price as Kansas City Fort Smith and Memphis 4s gained a point. Chicago and Eastern Illinois 5s traded for first time since receivership while Atchison convertible 5s held firm and Rock Island collateral 4s stayed steady. Japanese first series 44s fell 54 of a point.
MENTIONED IN THIS ARTICLE
Kansas City
Fort Smith
Turner Tucker Co Inc Names Officers and Directors
Turner, Tucker & Co. Inc reorganizes as a Massachusetts corporation with Albion B. Turner as president Lester R. Packard as vice president J Kearsley Mitchell Harrison as vice president and treasurer Warren W Tucker as assistant treasurer Directors include Albion B Turner Lester R Packard J Kearsley Mitchell Harrison Albert E Pond and Benjamin Dobson manager of New York branch Mr Harrison succeeds to Philip M Tuckers interest who retires due to ill health Harrison Harvard and MIT educated engineer joined Turner Tucker in 1912 from Westinghouse Brown Brothers & Co family links noted The firm was established in 1890.
MENTIONED IN THIS ARTICLE
Turner, Tucker & Co
Massachusetts
Albion B. Turner
Lester R. Packard
J. Kearsley Mitchell Harrison
Warren W. Tucker
Albert E. Pond
Benjamin Dobson
New York
Philip M. Tucker
Mr. Harrison
Tucker
Harvard
Massachusetts Institute of Technology
Harrison
Philadelphia
Penn
Brown Brothers & Co
John F. Wallace
Westinghouse, Church, Ixerr & Co
Panama Canal
House of Turner, Tucker & Co
Public Utility Securities Non-Taxable in Massachusetts
Ex dividend status noted for negotiable receipts paying 4.80 dollars per year. Receipts are outstanding and exchangeable for 6 percent preferred stock on July 1, 1913.
MENTIONED IN THIS ARTICLE
Massachusetts
Trade outlook split between West optimism and East caution
Bradstreet's report shows Western trade buoyant with rising crop wealth expectations while Eastern demand weakens on tariff anxieties. Textiles in the East falter, though some costs like gravy and brown cotton goods improve. Collections are fair. failures total 218 for the week ending May 28. Wheat exports for five days reach 6,098,857 bushels, with 48 weeks totaling 220,487,183 bushels. Canada trading falters, Ontario slipping from prior optimism.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
West
East
United States
Canada
Ontario
Cotton markets ease on straddle reversal and labor fears
Liverpool cables show a softer tone on reversal of straddles amid labor troubles in Northeast Lancashire causing an initial 5 to 19 point drop in the local market. Near months lead losses before New York holiday short covering steadies prices and the market turns quiet with private condition reports surfacing.
MENTIONED IN THIS ARTICLE
Liverpool
Lancashire
New York
Journal of Commerce
Giles
New York Range
Dividends Declared by Regional Electric Firms
Connecticut Power Company declares an initial quarterly dividend of 1.59 on preferred stock payable June 2 to holders of record May 28. Massachusetts Electric Companies declare a regular semiannual dividend of 2 percent on preferred stock payable July 1 to holders of record June 7.
MENTIONED IN THIS ARTICLE
Connecticut Power Company
Massachusetts Electric Companies
Also Mentioned on This Page
E.w.ziarks
Congress St
Pittsburgh
American Public Utilities Co
H. L. Nason & CO
Congress Street
Dun
Harriman
Ely
Cananea
Chicago
N.Y. Minn
Money Markets
Smelt & R
At& SF
Atl C
Cal Pet Corp
Cal Pet
Can Pacific
Ches & Ohio
Ee Eee
Erie Saat
Erie
Goodrich
F Co
Lt & P
Iowa
Lehigh Valley
Lorillard C Pf
May Dept S
Mer Marine Pf
Mex Pet Co Lt
Miami
Nynh&h
Pitts
Rock Island
Rumely Co
St L& 8
Sears-Roebuck
South Pacific
Texas Pacific
U S Steel
Utah
West Ee
Westing
Woolworth Fee Eas Oly
Boston Stocks
Aes Es
AT & Tev
West T & T Is
Adventure
Alaska Gold
Algomah
Allouez Eo Enes Ase
Tel & Rel
Bos
Bos & Albany Teeee
Bos & Corbin Vo
Bos & Maine
Butte Ballak
Butte
Franklin
Isle Royale
Lake Copper
la Salle RY
Mason Valley Org
McElwain
New Englel
Penn R R
Shannon Seeeenne
Superior
Sup & Bos
Swift & Co Sence
Tamarack Serene
Torrington
Trinity
Union Land
United Fruit
US Smelting
US Steel
Utah Cop Co
Victoria Seee
Winona One Recene
New York Market
Union Pacific Directors
1St
Canadian Pacific
Gould and Hawley
London
Lackawanna
New Haven
Panama
Butte Central
Calaveras Copper
Bay State Gas AR
Boston Ely Ee
Butte & London
Cactus
Calaveras Saneses
Cortez
Eagle & Blue Bell
Germany
la Rose
McKinley-Dar
Majestican
Nevada Douglas
Ohio
Raven
Lly
South Lake
Southwest
United Verde
Metal Markets
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Eastern Illinois
Consolidated Coppermines 10
Jersey City
Missouri, Kansas & Texas
White, Weld & Co
Public Service Commissions
Brown Bros. & Co
Public Service Commission
Chicago, Rock Island & Pacific Railway
Stock Exchange
Cri&p
Tokyo
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CRI& P Col
U S of Mexico
Nywé&Bos
Norf & W
Senna
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Hide & L
Corp
Serene
T&t
T&t Cvt
ATE
At&sf
Ais
Penee du Pont de
Ile Powder
Erie Gallien
Georgia
Sa Air L
Atlc
L&n
Bell T & ‘Tse
Hocking Val
Balt & O
Southern Ry
Balt & O Pitts
E & W Va
Standard Gas
Beth Steel
Tenn Ci&rr
Bklyn Rapa
Ches & O
Liggett
CB & Q Joint
Ming & St
Peas
Eeweens Union Pac
Mk&t
Mil & St Gnl
Mil & St P
Mob & Ci
Hes Agtets
Helw
Maryland
Am Marconi
Ely Consol
Giroux Attes
Kerr Lake
Alble
Manhatn Transit
Nevada
Tonopah
Tn Cig
USL
Turner, Tucker & Co., Inc
Sete Ee
Eee Eee
Santas
Seeene
Id Atlanta
Silver Leaf
Blue Bull
Miskam
Booth
Trethewey Wettlaufer
Comb Frac
Fid BB
Big Dome
MH Dobie
Florence
Dome Ex
Jim Butler
Hollinger
Spe
Jum
McIntire
Upster
M'Namara
N Dome
Midway
Pearl Lake
Mizpah
Pure Gold
Montana
North Star
Res Eula
Rea Mines
Hargrave Kerr Lake
Sil
Cln la Rose
Sioux
McK-Dar
Uncle Sam
UN Tintic
Nipissing
Victoria
Wilbert
R of Way Rochester
Yerrington
Public Utility Securities
Dallas
Elec Corp
Elec Corp Eeeereweeeeres
du Baster “Bite Co
Edison Thee Ill Co
Brockton
el Algie Co
Fl Lt Pr Co
Abin & R
Fall River Gas Orks Co
Houston
Elec Co
Lowell
Age River Procom
Northern
Texas
Pensaco Elec Co
Publi Serie Investment Co
Puget Sound
Chicago Market
Booth Fish
Canal & D
Subway
Swift & Co
Teleph
West Stone
Armour
EAL Ss
Morris
Ogden
Pn Tool
SS el
Eix
Philadelphia Market
Am Rys
BE Phila Co
Pear Camb Sd
AGG
CnTr of
Plymouth
Boulogne
Hamburg
Cincinnati
Bluecher
Cleveland
Hamburg-American Line
Boylston Street
Mediterranean
North Cape
Russia
Holy Land
Round World Tours
THOS
Cook & Son
Washington St
Cook's
Europe
England
France
Geo. E. Marsters
Norfolk
Old Point Comfort Hotel
Chamberlin
Merchants & Miners’ Transportation Co
pRattery Wharf
Ore
New England
Colonial Line
Aw Anu
Wash. St
F. H
Warren Line
Michigan
Sachem
Iirness, Withy & Co.,ltd
Agta
Pear St
Fort Hill
Whitman Co
Sullivan Ag
Queenstown
Franconia Laconia
Franconia
Carmania
Caronia
Saxonia
Pannonia
Tel. F. H. 4000
ALLAN
Glasgow
Derry
H. & A. Allan
S. Evangeline
Halifax
Hawkesbury
Charlottetown
Bedelis
Thomas J. Flynn & CO
Essex St
City Sq
Charlestown
BOWEN
Bowker
Cor
Sudbury
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