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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 09, 1912
Page
12
A government issue offers tax free status on a $100000 note payable to holders in Massachusetts. The security matures July 1, 1932 and carries no tax burden for residents of the state.
Total sales New York 547100 shares and Boston 51874 shares mark diverse activity. Steel common led New York with 120400 shares while Granby Consolidated topped Boston with 6788 shares traded.
New York stocks opened with losses but trimmed declines toward the close as the government crop report boosted sentiment. Corn output for the year is seen at 3.169 billion bushels, with a higher yield per acre and a quality index of 101.1. Heaviness led by Louisville & Nashville and steel and copper shares, while China copper shares and some bonds held firmer.
Local market notes irregular copper stock trading with early selling fading as heavy buy orders arrive. Chino, Granby and Indiana lead gains with Chino at 50.5 and Indiana touching 18.5 amid hopes of dividend and diamond drilling. woolen and Steel common show weakness in the industrial list.
A letter seeks a devoted worker with 15 years of hands on experience in costs accounting bookkeeping selling retail advertising systems and efficiency methods. The candidate is 36 years old well educated with unimpeachable credentials and strong work ethic. Respond to V. O. A. at the Boston Post.
Bay State Gas led yesterday's curb trading in Boston as prices retreated to 27 cents after peaking near 29 cents. Nevada Douglas Butte Central Alaska Gold Davis Daly First National and Vulture appeared among other active issues with noted fluctuations.
After the election traders face continued uncertainty as prices wobble and volatility recedes. Volume drops from 1,000,000 to about 500,000 shares. call money stays firm around 6 percent with no major strain expected before crop season closes.
Copper Range Company pays $3 dividend on Nov. 8 as a subsidiary of Copper Range Consolidated Company. Alabama Great Southern Railway declares regular semi annual 84.9 percent common payable Dec. 28 to stock of record Nov. 8. The Company also declares regular semi annual 3 percent preferred payable Feb. 24 to stock of record Feb. 1. Cripple Creek Central Railroad Company declares regular quarterly 1 percent both common and preferred payable Dec. 2 to stock of record Nov. 20.
Missouri, Kansas & Texas ptd books close for dividend payment. Cleveland Pittsburg detailed general terms and special lot for dividend due. Public notice indicates shares and timing for close and distribution.
Boston money markets show firm rates with local banks reluctant to take on outside loans. Time money remains in fair demand, especially for year end. New York call money trades 5 1 2 to 6 percent with time funds similar. Local rates for call money, time loans, commercial paper, and New York clearings are listed alongside balances and foreign exchange quotes.
Wheat opened firm with a near one cent rise on all futures amid higher cables and rumors of export takings, but selling pressure and weak demand trimmed gains. Corn showed early strength then reversed, with December the weakest. oats closed around unchanged to higher. Government corn yield reported at 3.169 billion bushels for 1912, with average yield 29.3 bushels per acre. farm reserve Navy stand at 1 is 2.6 percent of crop.
R G Dun weekly outlook notes less menace from the Balkans to world peace and election uncertainties ending. Textile trades show strong activity with cotton mills busy through Feb 1 and duck goods improving. Print cloth and sheetings hit year highs. exports to China India and Red Sea rise. woolen and worsted men's wear orders large. footwear demand steady. leather prices firmer. Global markets firm with Berlin calfskins up 5 percent hides 2 percent. U.S. failures 254 vs 248 last year. Canada 25 vs 29.
The Nov 8 cotton market opened with delays from Liverpool liquidation but soon moved higher. Ginning totals reached 8,849,000 bales by Nov 1 and sparked buying, lifting prices about 30 points. Census forecasts suggested a crop near 14.25 million bales, with traders cautious about final size.
At the metal exchange today prices remained near last night’s close with copper steady and tin easing. London market quotes copper at £76 10s spot and £77 2s 6d futures, lead at £18 7s 6d, spelter £27 7s 6d, tin £229 spot and £22 0s futures, with modest turnover and mixed daily shifts.
Salem Massachusetts grants a temporary loan of 50000 maturing May 2 1918 to Wm A Read & Co with other bidders listed including N W Harris Co Naumkeag Trust Co F S Mossley Co and Curtis Sanger Bond Goodwin and Loring Tolman & Tupper The Boston Stock Exchange panel lists 5000000 New York Telephone Co bonds dated 1909 due 198? Maiden Massachusetts invites bids by 8 pm Nov 12 for a 200000 loan payable in five months.
Bradstreet's review notes little impact from the presidential election on trade and industry. Demand remains heavy for coal and groceries, with rail traffic at record grain shipments and high railway utilization. Bank clearings rise 8.5 percent. weekly business failures show a modest level compared with prior years. Wheat exports and winter goods trade remain strong, Canada trade active and wholesale shipping at capacity.
Copper Range Company directors paid two interim dividends of 1.50 each. It owns substantial Copper Range assets and land. October East Buttermelter output neared the prior monthly record with over 13.5 million pounds of copper and earnings exceed 100000. Debt notes totaling 1.625 million will be retired with cash in treasury.
Trading was subdued with a generally firm tone as convertibles from Atchison and St Paul and adjustments in China Copper 68 Inspiration Copper Ss and New York Railways appeared. United States government bonds activity followed this pattern.
Total sales reached $2,126,000 with current day activity below yesterday’s $2,813,000 and last week’s $1,446,000 but above the year-ago figure of $4,075,000. From January 1 to date, sales total $602,589,000 versus $737,937,000 a year ago.
Alumni, faculty, and students of Melrose High will hold a mass meeting to discuss steps toward acquiring an athletic field for school use. The plan aims to provide a venue for football and baseball games and bolster school activities.
A group of suffragettes staged a demonstration to stop John Burns, president of the local government board, from speaking in Battersea. Police intervened and ejected the protesters and the meeting ended.
Boston's Park Board and the Finance Commission are at odds over a contract the Park Board awarded. Officials expect a stubborn, city hall crisis as each side issues ultimatums while the Mayor acts as peacemaker, likely siding with the Park Board.
The Mystic Playground shelter contract near Charlestown valued at about 20000 went to Murtfelt Company as the second lowest bidder despite John A Rooney being the lowest. Finance Commission urged delay then backed Rooney while the park panel and mayor stood firm citing promptness and work completion concerns.
Eight suits for five thousand dollars each were filed in Cambridge by James W. Bean and C. Burnside Seagrave against Russell D. Crane and Cambridge newspapers the Standard the Times and the Recorder. The action follows a heated Republican and Progressive campaign with open letters and editorials reported in the Cambridge Chronicle.
Lynn recount shows Democratic candidate Charles McGlue tied with Senator Henry Cabot Lodge's nominee William D Fisher for the district seat. A Nahant recount Monday will decide the House winner amid Lodge's appeal urging votes for all Lodge slate candidates.
At Needham Hall the Ward 22 Democratic club urged raising city laborers pay from 2.25 to 2.50 per day. The members also voted to appoint a committee to contact railroad commissioners about resuming surface car service from Forest Hills to North Station via Columbus Avenue.
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