Pressure on steel forges prices lower
Market news shows renewed pressure on steel and related issues with New York and Boston volume figures. Steel common declines are noted amid profit taking and cautious bulls while several smaller industrials gain on anticipated dividends and advertising-driven margins.
Bond Market Notes and City Bond Actions
New Bedford awards 10 000 four percent highway bonds dated Oct 1 1911 with 1000 annually 1912-21 to R L Day & Co at 101199. Railroad Commission approves 500 000 three and one half percent 50 year bonds by Terminal Company dated Feb 1 1897 for South Station project. Chicago city election yields 6 405 000 in new bonds including 4 665 000 bridge 750 000 city judgment and 1 000 000 West Park bonds.
MENTIONED IN THIS ARTICLE
New Bedford
Mass
R.L. Day & Co
Railroad Commission
Chicago
West Park
Iron and copper shares slide as market turns bearish
Local traders shifted to a broad bearish stance led by Steel common and Lake Copper which fell from 30 to 29 1 2 and then to 28 1 2 amid widespread liquidating pressure. North Butte Amalgamated Ojibway and Tamarack share losses deepened while Telephone securities held firm in a noticeably weaker session.
MENTIONED IN THIS ARTICLE
Steel
Lake Copper
North Butte
Amalgamated
Ojibway
Stock market notes and industrial updates from early 1910s
Listings show Bay State Street Railway first preferred stock listed on the Boston Stock Exchange with authority for further issue. Dominion Steel Corporation moves 853,988 common shares to the listed sheet. Old Colony Trust Company declares quarterly dividend of 2.50 per share, maintaining a $10 yearly return after a 100 percent stock dividend. Nipissing plans a 200 ton concentrator costing 750000, with completion by Nov 1, 1912. Delaware, Lackawanna & Western declares a 35 percent stock dividend. Ely Consolidated crosscut reaches porphyry ore at 600 foot level with calcite ore averaging 20 grade. Auction highlights include Connecticut River Railroad up to 274, Providence & Worcester Rail up to 276, Androscoggin Mills down to 180, Merrimac Valley Electric preferred down to 50, common down 4 to 1, Warren Brothers common down to 80, and Hotel Touraine Trust up to 120.
MENTIONED IN THIS ARTICLE
National Biscuit
Delaware, Lackawanna & Western
Lackawanna Railroad Company of
New Jersey
Trinity Eelees Ee
Utah Consol
Utah Cop Co
Victoria
Winona Eeeene
Wolverine
LAND
East
Boston
Am Tel & Tel
Cumberland
Georgia
Pullman Co Eee
Seattle
Swift & Co
Torrington
Cee
United Fruit
United Shoe
Do Pref Seavice Wes BI
U S Steel
Eees
Algomah
Amalgamated
Eee
Indiana
Island Creek
Isle Royale
Kerr Lake
South
Utah
Apex Sup & Bos
Bay State Street Railway Company
Boston Stock Exchange
Dominion Steel Corporation
Old Colony Trust Company
Charles A. Stoneham & Co
Diy
Nev
Ely Consolidated
Connecticut River Railroad
Providence & Worcester Railroad
Androscoggin Mills
Merrimac Valley Electric Preferred
Warren Brothers Company
Hotel Touraine Trust
Boston Curb Market Brisk with United Verde Upward
United Verde Extension climbed 79 cents to 11 4, closing 11 8 after 7370 shares traded. Butte Central rose to a new high and closed at 4 following Superintendent McConnell's visit. Calaveras fell sharply from 75 to 45, closing 49 cents, with Amalgamated Nevada slipping modestly. Lion Hill advanced from 56 to 60 cents amid broader fluctuations.
MENTIONED IN THIS ARTICLE
United Verde Extension
United Verde
Butte Central
McConnell
Butte
Calaveras
Nevada
Lion Hill
Bayonne
Bohemia
Davis Daly
East Dome
Goldfield Consolait
Kruger
Rose
Majestic
New York Bonds Quoted by Grandler Bros Boston Firm
Bond quotations provided by Grandler Bros at 60 24 Milk Street Boston include New York security prices and market data, reflecting ongoing trading activity. The snippet notes bond quotes and the broker’s address as context for the financial item.
MENTIONED IN THIS ARTICLE
Grandler Bros
Milk Street
Boston
Maia
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