Boston Bank Stocks Lead in Bull Market Amidst Industry Bear
An editor's note discusses a decade of Boston banking growth with 13 of 23 national banks trading above January levels. It highlights the rise in major banks like National Shawmut and First National, notes tax exemptions fueling demand, and details shifts toward concentration in fewer banks, with savings banks expanding alongside trust companies.
MENTIONED IN THIS ARTICLE
Boston
National Shawmut
First National
Boston National Bank
Atlantic
Boylston
New. England
Old Boston
Rockland
Eeesseree
Bto
Csceees
Shawmut
South End
Union
Webster & Atlas
Winthrop
New York
United States
London
National Banks of
New England
Savings Banks
Incr. Provident
Boston Five Cent
Suffolk
Home
Franklin
Roxbury
Warren
Charlestown
Boston Penny
Wildey
South Boston
North End
East Boston
Brighton
Dorchester
Sumner
Blackstone
Markets Report Yesterday and Year to Date Figures
Total sales in New York reached 401 100 shares and Boston 20 702. Steel common led activity in New York with 139 800 shares and in Boston with 6 127 shares. Year to date sales from Jan 1 1911: New York 101 144 400 shares, Boston 5 249 376 shares. Compared with last year New York 143 563 100 and Boston 9 923 206. Notable gains and losses include Am Tobacco pfd rising to 97 in New York and Texas Co slipping to 87. Manchester & Lawrence up to 225 in Boston and Calumet & Hecla down to 385. Call money in New York 2 34 percent, Boston 2 14 to 3 percent. Time money New York 3 to 4 percent, Boston 3 to 4 percent.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Am. Tobacco Pfd
Texas Company
Manchester
Steel Leads Market Rally Amid Short Covering And Dividends
The market opened quiet but firm and surged with Steel common and Union Pacific buying as bears covered. American Tobacco rose strong, rail stocks led by anticipated rate-schedule increases, and Steel declared quarterly dividends while earnings for the Sept 30 quarter rose to 29.62 million.
MENTIONED IN THIS ARTICLE
Steel Common
Union Pacific
Wickersham
American Tobacco Common
Financial District
Interstate Commerce Commission
Local Market Sees Swing To Higher Prices In Steel
The market closed with Steel common leading trading at 54 7 8 after 6127 shares traded out of 20702 total and a 112 point advance. American Telephone showed strong demand around 135 while Algomah copper stock saw a 2223 share sale at 3. The overall tone remained very strong as money rates observed.
MENTIONED IN THIS ARTICLE
Steel Common
American Telephone
Algomah
Bond Market Notes Seeks Sewer Bonds and Harbor Bond Award
Beverly Massachusetts sold 9000 4 percent sewer bonds dated September 1 1916 with 3000 annually maturing in 1912 1918 and 1914. Lee Higginson Co and N W Halsey Co awarded 1 000 000 San Francisco harbor bonds 4 percent with 74 year life and optional after 3 years.
MENTIONED IN THIS ARTICLE
Beverly
Mass
Lee, Higginson & Co
N. W. Halsey & Co
San Francisco, Cal
Also Mentioned on This Page
National Shawmut Bank
Ing House
Eeaeeoen
James P. Stearns
Oliver Ames
Oliver Ames & Son Corporation
Frank B. Bemis
Estabrook & Co
Jacob F. Brown
Brown & Adams
Timothy F.ene
Charles F. Choate, JR
Choate, Hall & Stewart
Micajah P. Clough
C. A. Coffin & Co
Charles K. Cobb
Harold J. Coolidge
Loring, Coolidge & Noble
Eben
Draper
Draper Company
Francis A. Foster
Francis A. Foster & Co
William A. Gaston
Edwin Farnham Greene
Pacific Mills
Charles Hayden
Hayden, Stone & Co
Henry L
Higginson
Henry
Howe
Lawrence & Co
Charles A. One
Locke, Tolman & Frederick
Moseley
F. S. Moseley & Co
Harold Murdock
Joseph B. Russell
Boston Wharf Co
Francis B. Sears
William S. Spaulding
Revere Sugar
Albert Stone
Charles A. Vialle
Frank G. Webster
Kidder, Peabody & Co. Co
Minot Weld
New England Cotton Yarn Co
William H
Henry D. Forbes
Frank H. Barbour
Henry F. Smith
Abram T. Collier
Horatio Newhall
Wallace S. Draper
Frank Houghton
U. S
Bess Ie
Ghandler Bros.& Gas
Bankers
Bostos
New York Stock Exchange
Philadelphia Stock Exchange
Chicago Stock Exchange
New York Cotton Exchange
Chicago Board of Trade
Smelt & S
Balt & Ohio
Brooklyn RT
Pacific
Cee & Ohblo J
Eeerereree
den & RG
Louis
Nash
Nor & Wes
Pac T&t
Rock Island
Rep I & Coves
South Pacific
South Ry
BAM
the Texas Co
Avesant
Tol
SL & W
US Steel
Maryland
West Union
Westinghouse
Wis Central
Butte Coalh
Chicago Subway
Ely
Giroux
Kerr Lake
la Rose
McKinle
Dar
Hi Low
Nevada
Bay State Gas
Boston Ely
Butte Central
Calaveras
Corbin
Nat
East Dome
Goldfield Consol
Kruger
Lion Hill
New
Douglas
Utah
Ohio
Increase. Inc
Associated Banks of
Clearing House
Second National
National Bank of Commerce
The
National Union
Mutual
Commerce Oe
Eliot Eees
bRockland
Eves
Security
Eeee
Shawmut Eee
State Eseer
Union Eevee
Webster Eee
Dee
Boston Clearing House
Chicago
Kidder, Peabody & CO
Devonshire Street
Wall Street
Baring Brothers & Co., Ltd
Soete Glational Life
Arlin Mills
Lehig
R. R
New Orleans
Mobile
Pida
Atlas Portland
Cees
American
Are
National Light, Heat
Eae
Rl Water Works
Michigan Lake Superior
Pwr
Bodwell Water Power Reds
York Haven
Ita
Fore River Shipbuilding
J. P. Squires
American Steel Foundry
American Real Estate Gs
Springfel
Iaengs Sa
Stafford M By Rubber Co
Phillip Mills
Douglas Shoe Ptd
Superior Water Yetent & Pwr
Stafford
Rendville
Regal Apse
Wee Oetton Sith
Wanaka Sa
Hotchkin & CO
6Peci
Stath &T
Esi
William E. Soule
Monten c
Sterling Senee
Boston Market
West T & T
Atchison Eesee
Bos Bos & Albany
Maine
Con & Mon
Man & Low
Nor
Shannon
Sis
Georgia
Swift & Co
Torrington
United Freerelk
United Shoe
Steel
Algomah Amalgamated Eves Ess
Ag Chem
Reek
Eee Ag
Boston Carbin Eee
Butte Ballak
Porcupine
Sroua
Jeanes
New York and
Heaton
Reinhardt
Tereno
Walelt
Eve Hay
Ge Bell
James Shur & Co