Heavy Profit Taking Weakens The Market
The market faced renewed selling with heavy profit taking. New York totals reach 799,300 shares while Boston sees 32,610. Steel common led New York activity at 241,200 and North Butte topped Boston with 7,059. Jan 1 to date totals show New York at 108,651,200 and Boston at 5,584,383 shares. Year-ago comparisons show NY at 148,754,300 and Boston at 10,418,644. Major NY gain General Chemical rose 274 points to 106 percent. Chicago Northwestern pfd fell 6 to 191. In Boston Eastern U S gained 2 to 94, Calumet & Hecla fell 5 to 385. Call money in NY 2 1/2 to 2 3/4 percent. Boston 21 to 37? Time money NY 3 to 3 3/4 percent. Boston 3 1/4 to 4 4/4 percent.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
North Butte
General Chemical Ptd
Chicago
Bos & Maine
Conn & Pass
Fitchburg Pf
Ny&nh
Union Pacific
West End Eee
Adventure Aeseee
Seeee Eee
Allouez
Arizona Com
Butte Coalition
Cal & Arizona
Cal & Hecla
Centennial
Cumberly
Eng
Elec Ee
Eee
Portland
US Steel
Algomah Eee Eee Ee
Amalgamated
Boston Corbin
Chino See
Isle Royale
Kerr Lake
Sup & Bos
Utah
Apex Eee
Market Message Finds Strength in Broad Recovery
The Saturday profit taking continued with a strong market for those reducing commitments. With 800000+ shares traded, declines were minor, reflecting a healthy pause in recovery. American Cotton Oil showed strength despite a dividend pause and deficit in preferred dividends, trading near United States Rubber after a rally in recent weeks.
MENTIONED IN THIS ARTICLE
United States Rubber
Reorganization drives exchange to 1911 close for Champion Copper
Champion Copper Company directs about 400 stockholders to exchange old shares for new ones before 12 noon November 2 1911 with a 3 cent per share assessment. The new firm will foreclose a $10 000 mortgage to secure title, start with about $50 000 working capital, and list shares after the exchange closes on November 25 1911. Directors pledge cooperation and monthly payment options via mail or in person at the Boston office Stoam 701 No 35 Congress Street before the deadline.
MENTIONED IN THIS ARTICLE
Champion Copper
Champion Copper Company
Old Company
Champion Copper Co
New Company
Stoam
Congress Street
Boston
Samuel H. Littlefield
Arthur M. Cripps
Thomas A. Maloney
A. Morandi Bartlett
Benjamin B. Earl
Local Market Sees Miner Stock Weak Amid Rumors of Poor Ore
North Butte shares plunge from 24 78 to 21 as rumors of low ore quality swirl despite official denial that cross cutting has begun. Local investor interest fades after a two year fizzle while municipal and government bonds show varied quotes and total sales reach 2 741 000.
MENTIONED IN THIS ARTICLE
North Butte
Bank weekly statement compares reserves over a decade
The current weekly local bank statement is compared with last week’s figures, detailing surplus reserves in New York and Boston for the corresponding periods across the past 10 years. The report emphasizes year over year trends and regional liquidity levels.
MENTIONED IN THIS ARTICLE
New York
Boston
Local Boston Curb Market Leads Hit New Highs
Calaveras and Boston Ely prices swung. Calaveras cents to 92 cents, Boston Ely 95 cents to 1.06, United Verde Extension 95 to 98 cents, Raven 25 to 30 cents, First National held 13 8 and 11 2, Lion Hill Consolidated up 59 to 61 cents. Detailed fluctuations follow.
MENTIONED IN THIS ARTICLE
Calaveras
Boston Ely
First National
United Verde Extension
Raven
Lion Hill Consolidated
Nevada
Bay State Gas
Begole
Davis Daly
Houghton Enee Cone
Massoletti
Mazatan
McKinley Car
Mex Metalso
Utah
Ohio
South Lake
Yukon
Cotton Market Fluctuations Highlight Causes
A year ago cotton reached Civil War high levels and recently fell to the lowest since 1905. Two years of high prices crippled New England mills, harming investors and workers while speculators and brokers profited. The financial page in tomorrow's Boston Post analyzes the causes behind this abnormal market.
MENTIONED IN THIS ARTICLE
New England
Boston Post
North Butte stock dips on dividend rumor
Rumor of a quarterly dividend led to a price drop from 25 to 21 per share. The next dividend is due in January. North Butte has paid 25.45 a share over seven years, surpassing the current stock price.
MENTIONED IN THIS ARTICLE
North Butte
Calendar for Today Offers Public Bond Bids and Listings
Northampton bids due November 17 for three notes of 10000 dated November 18 1914 and payable April 18 1912. New York Stock Exchange seeks to list 4115000 in Western Maryland Railway first mortgage bonds due 1952. Worthington fire district bids due November 18 for 20000 4 percent bonds dated October 1 1911 maturing 1000 annually 1916 35.
MENTIONED IN THIS ARTICLE
Northampton
Mass
Arane
New York Stock Exchange
Western Maryland R. R. Co
Worthington
New York Bonds Quotation Source
Quotations furnished by Ghandler Bros including bond prices and market notes from 60 24 Milk Street Boston Massachusetts for New York bonds with typical dealer insights.
MENTIONED IN THIS ARTICLE
Ghandler Bros
Milk Street
Boston
Mass
Noted throat specialist Bernard Fraenkel dies in Berlin
Berlin Nov 13 Professor Bernard Fraenkel noted throat specialist dies here today after a long career in the fight against tuberculosis He was a prominent figure in the International Anti Tuberculosis Congresses and was the laryngologist consulted by Colonel Roosevelt in May 1910 for a persistent throat ailment during his European tour
MENTIONED IN THIS ARTICLE
Germany
Berlin
Bernard Fraenkel
Roosevelt
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