Morgan's Illness Signals Market Movements
Daily market report shows New York total 280 300 shares and Boston 14 875 total. Major movers include General Electric up 2 12 points and Island Creek Coal up 1 12 in Boston with Inter. Harvester pref. down 2 12 in New York. Call and time money climbing in both cities.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Old Colony Mining
General Electric
Inter
Harvester Pref
Island Creek Coal
Calumet & Hecla
Call Money
Time Money
Market sinks after profit taking and London selling
New York stocks eased on Nov 22 as profit taking and London selling dragged prices lower. About 20,000 to 30,000 shares were sold by London amid Balkan war fears and Turkish peace terms rejection. Canadian Pacific fell two points. cash to banks showed a weekly loss of about $1,000,000. U S 2s traded quietly, down 1/8 on call.
MENTIONED IN THIS ARTICLE
New York
London
J. P. Morgan
Europe
Union Pacific
Reading
Amalgamated
Canadian Pacific
U. S
Butte Central Leads Boston Curb Trading After New High
Butte Central stock rose to 93 8 on the curb with large short interestUncovered shares were few as brokers with wires to Montreal and Butte led yesterday's buying. Premium bids for a loan showed 1 8 while Bay State Gay and Nevada Douglas were moderately active. Tron Cap Copper Stewart Mining and Laramie also drew interest as detailed fluctuations followed.
MENTIONED IN THIS ARTICLE
Butte Central
Stock Exchange
Montreal
Butte
Bay State Gay
Nevada
Douglas
Tron Cap Copper
Preferred
Stewart Mining
Laramie
Alaska
de Tay State
Pingham Mines
Butte Central Riq Oy
Butte & London
Calaveras Ain
Chief
Corbin Ya Aees
Tron Capp
Baio Kuskulana O
Laramie i
la Rose
Lion Hill Sigintecati
Majestie
Massoletti
Mets
New Douglas
Ohio Copper
Eaath
Pokes
Smookey Dev
South Lake O' Oy
West Miami
Stewart Ete Bae Awe
Yukon
Market News from Boston on Mining Shares and Dividends
A dull session in Boston sees Old Colony Mining and Mayflower shares drop while North Butte Smelting and Calumet & Hecla trade with modest activity. Nevada Consolidated and Utah Copper postpone dividend decisions, Utah Copper’s October output hints at a rate increase delay to Q2 1913. New Haven declares 2 percent quarterly dividend. market fails to show bullish reaction as prices drift lower from 134 to 183 1 4 with New York closing unchanged.
MENTIONED IN THIS ARTICLE
Boston
Old Colony Mining
Mayflower
Old Colony
North Butte
Utah
Nevada Consolidated
New Haven
Mellen
New York
Tel & Tel Oa
Eee Cee
Arizona
Bos & Corbin
Bos & Lowell
Bos & Maine le
Bos Elevated
Butte & Sup
Butte Balla
Cal & Arizona
Cal & Hecla
Centennial
Chino Kewakerk
Fitchburg Pf
Franklin
Eas
Giroux
Satel A
Granby
Greene
Indiana
Inspiration
Bares
Island Creek
Isle Royale
Kerr Lake
Keweenaw
Lake Copper
Maine Central
Mason Valley
MayHower
Mergenthaler
Miami
Nevada
New Englel
Nipissing
Pont
Crk Coal
I Ei
Quincy
Ray Consol
Reece Fd Md
St Mary’s Eee Renee
Santa Fe
Shannon
Seenee
Ied
Sup & Bos
Swift & Co
Tamarack
Torrington
United Fruit
United Shoe
US Steel
Utah Apex
Utah Consol
Victoria
West End
Winona
Wolverine
Metal Markets Report Mixed as Copper Holds Steady
At the Metal Exchange dulness persisted with copper unchanged for deliveries to January. Tin edged higher while other metals showed small shifts. London market closed with copper spot up and futures mostly firmer, tin firm, lead and spelter steady, and warrants higher in Cleveland.
MENTIONED IN THIS ARTICLE
Csccestccesht
Cookson
London
Cleveland
Simmons Sugar Process Could Recover 15 Percent of Cane Sugar
The Simmons Sugar Limited project from United Fruit Company aims to recover 15 percent of sugar lost in cane processing and convert pith and fibre into by products like paper, artificial wood, celluloid, and wax. It may take years for official confirmation, but sources say the by products could justify the extraction costs, boosting stockholder value for millions.
MENTIONED IN THIS ARTICLE
United Fruit
United Fruit Company
Simmons Sugar Limited
Boston Post
Dividends Declared by Railways and Companies
A barrage of declarations includes Hocking Valley Railroad 15 4 percent quarterly payable Dec 81 with record Dec 6. Mackay Cos 1 percent preferred and 11 4 percent common payable Jan 2 with record Dec 11. Chesapeake & Ohio 1 1 4 percent payable Dec 31 with record Dec 6. Chesebrough Manufacturing $6 and $4 extra payable Dec 21 with books close Dec 3 and reopen Dec 28. New York New Haven & Hartford 2 percent payable Dec 81 with record Dec 10. Porto Rican American Tobacco 4 percent payable Dec 5 plus a 20 percent scrip dividend with 6 percent interest, redeemable after three years from Dec 31.
MENTIONED IN THIS ARTICLE
Bklyn RT
Butterick
Cal Pet Corp
Cal Pet Corp Pf
Can Pacific
Case J I Co
Ches Ohio
Dss&a
Goodrich
H’m Exp
el L&p
Ins Cop
Knicker
K I
Lackawan Steel A Ee
Lehigh Valley Boies
Looge-Wiles C
Ally
Lorillard Co
Louis Ash
Mackay Sea
Mer Marine
al Mer Marine
Mex Pet Co Lt
Miami Copper
ORL
Nevada
Nynh&h
Y State Ave
Nor & West
Pitts Coal
Wicksilver
Ora
Repi&s
Rumeley Co
Rock Island
Sears-Roebuck
South Pacific
Studebaker
Tenn Co
Texas Pacific
the Texas Co
Third Ave
Tol Ry & Pe
Tsl&w
Uadler
Anies Pacific
Uscip&e
New York
Porto Rican American Tobacco Company
Hocking Valley Railroad Company
Mackay Cos
Chesapeake & Ohio Railway Company
Chesebrough Manufacturing Company
New York, New Haven & Hartford Railroad Company
Grain Markets Report Mixed Price Moves Across Regions
Inactive featureless trading with limited price ranges. Wheat declines appeared across markets with Paris and Liverpool futures down modestly. Corn showed modest strength with small country offerings and fair demand before closing lower in several months. Oats firm with little change. Minneapolis and Duluth car receipts higher than last year. Export sales noted of Manitoba and hard winter wheat totaling over 1 million bushels.
MENTIONED IN THIS ARTICLE
Liverpool
Paris
Antwerp
Budapest
Berlin
Minneapolis
Duluth
Chicago
Manitoba
Money Markets Steady Demand Brightens Slightly
The money market shows no change with firmer demand yesterday led by call money. Six percent rates are considered nominal and acceptable. Christmas coin and bill demand rising though banks hold gold and small bills. There were disbursements of interest and dividends, and gold imports continue with no change in New York rates.
MENTIONED IN THIS ARTICLE
New York
Cotton Markets Slip After Early Gain on Irregular Trade
The cotton market opened unchanged to a few points higher and rose about 8 points on short covering before easing below yesterday's low. Cables from Liverpool and the Commercial Appeal's crop estimate of 13,595,000 bales supported prices, while India crop forecasts were cut due to rains. Noon trading saw a recovery of about 12 to 15 points from the day’s low.
MENTIONED IN THIS ARTICLE
Liverpool
India
Calendar for Today Books Close Franklin Magazine
The calendar lists today as the deadline day for Franklin Magazine special requests. Readers are urged to send orders or specifications before closing time to ensure inclusion in the upcoming issue.
Trade expansion signals strong US markets in week
R G Dun & Co reports widespread activity across dry goods, cottons, woolens, footwear and leather with prices firm and capacity near limits. Falls in hides and regional shipments noted while failures rise to 313 in the United States and 82 in Canada versus last year.
MENTIONED IN THIS ARTICLE
New York
R. G. Dun & Co
United States
Fall River
Fixport
Bogotas
Puerto Cabellos
Canada
Trade optimism amid mild weather marks Bradstreet review
Bradstreet's State of Trade notes full channels and optimistic mood despite mild weather hindering final distribution. Retail and jobbing trade are solid, wholesale brisk, textiles broader, labor and car shortages cited as main woes. foreign demand subdued and exports light. Week ending Nov 21 shows 268 failures vs prior years. Canada trade remains strong with 86 failures that week.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
United States
Canada
Montreal
Government and municipal bond bid notices
The notices outline bids due by Nov 26 for various securities. Everett invites bids for 18000 in 4 percent school notes dated Aug 1 1912 payable 1000 annually 1913 30. Melrose seeks 40000 temporary loan with 20000 due May 15 1913 and 20000 due June 1 1913. Newcastle county Delaware 80000 4 percent bonds won by A B Leach Co. Plymouth county bids due 9 am for 50000 loan payable April 10 1913. Beverly calls for 28000 park bonds and 19000 highway bonds both 4 percent due serially dated Nov 1 1912 and Dec 1 3912.
MENTIONED IN THIS ARTICLE
Everett
Mass
Melrose
Plymouth County
Beverly
Directors elect Sully to presidency at American Malt
Wilberforce Sully has been elected president of American Malt Corporation replacing Charles A. Stadler who becomes vice president. A wealth of ore developments is reported across multiple properties including Hagle Blue Bell and Boston Consolidated with ongoing underground and shaft work and strong output figures.
MENTIONED IN THIS ARTICLE
American Malt Corporation
Wilberforce Sully
Charles A. Stadler
Hagle
Blue Bell
South Lake
Franklin
Bond Market Report Highlights Irregular Trading In New York
In New York on November 22 the bond market showed uneven activity led by New York city issues, Brooklyn Rapid Transit 4s, Rock Island collateral 4s, and New York adjustment 5s. Government bonds posted mixed closes across 2s 3s and 4s with varying reg and coup yields amid broad dealer activity. Total sales amounted to 1.373 million dollars, below prior days and year-to-date totals.
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New York City
Brooklyn
Stock Exchange
Cuba
Nyc
Ti Bees
Berens
Isveaels
Nort &W Aon
Col Midland 4A
Eaaaeks
Og & Lake C
Edison
Os Seab Air Line
Balt & O Pitts
Fts&m
Abash
Pacite T &Tm
Eae
Bss
Isk
Pont de Neao A
Ata
T&t
Lorillard
Erie Prior
Boas
Locilland Be
Sof NJ Meatta
Lariat Pe Oeke Oak & Co realiGen
Reading
Gnl
Geers
All Pai
Ee Pista
Enl
Gen Motor Sf
Tases
St Lim
Gru Kan City
Bali
Ageee Ieee
Beth Ser
Eklyn Rap
I. Oe
So Pacific Col
Bee
So Pass
Aries
So Paci Rig
Aclede Gas Ofayers
Sean
So Pac SF T
Bkiya U Gas Ds l
LOR
Epee
Eee
Souter Ry
Standard Gas
Tenn Ci&rr
Texas Co
Lieet & M
ES Eskate
CB & Q
L & N-At
Knox
Garey
Wes Oor Ee Ag
West
Lee
Union Pac Ist
Union Pac
Aes
Mo. Pace
Nabbes
Pac-C Br
U S
Nassau
Elec
Steel Sf
Mil & St Paal
National Tube Ss
Mil&St P
Power Col
Cc & Nwn
West Maryland
C&nwn
West Shore
ILI
Nynh&h Ra
William C Shulley Dies in Wakefield
William Cobb Shulley longtime general manager of the Smith and Anthony Manufacturing Company Wakefield died suddenly at his home 10 Gould Street He was born in East Boston moved to Wakefield as a boy educated in Wakefield schools He married Cora Duplin of Stoneham and five children survive with his widow
MENTIONED IN THIS ARTICLE
William Cobb Shulley
Smith & Anthony Mannufacturing Company
Wakefield
Gould Street
East Boston
Cora Duplin
Stoneham
Stubborn youth sent to reform school in Malden
Russell W. Owens of 82 Middlesex Street Malden aged 17 who is six feet tall and 180 pounds was yesterday sent to the Concord Reformatory by Judge Sweetzer in Malden Court as a stubborn child His mother claimed he would not mind her but I insisted on pawning his clothes and running away.
MENTIONED IN THIS ARTICLE
Russell W. Owens
Middlesex Street
Malden
Concord Reformatory
Sweetzer
Malden Court
Warren 5. Hayden
Hayden, Miller & Co
Cleveland
Investment Bankers' Association Holds First Annual Meeting
In New York 350 representatives from major investment houses attended the inaugural meeting of the Investment Bankers' Association of America. President George B. Caldwell urged higher ethics in trading as a key service the association can offer the market.
MENTIONED IN THIS ARTICLE
New York
Investment Bankers’ Association of America
George B. Caldwell
Bond houses urged to boost trading ethics and public confidence
The group discussed improving ethics in bond and stock dealings, urging fair trading, wider markets, and better investor protection. Speakers criticized Kansas blue sky laws as paternalistic, underscoring need for uniform municipal bond rules and efficient regulation. The session closed with a banquet featuring Frank Trumbull and Oswald Garrison Villard.
MENTIONED IN THIS ARTICLE
Kansas
Robert R. Reed
Caldwell, Masslich & Reed
T. Williams
Irrank Trumbull
Oswald Garrison Villard
New York Evening Post
Shapiro Freed in Rosenthal Case After Trial
William Shapiro, driver of the murder car in Herman Rosenthal’s killing, is released from custody by Justice Goff. Indicted with four gunmen, his testimony aided their conviction and he plans to return to city life and running a public automobile. Bald Jack Rose and others remain in the area. Sam Schepps considered leaving for Hot Springs but had not started.
MENTIONED IN THIS ARTICLE
New York
William Shapiro
Herman Rosenthal
Goff
Supreme Court
Shapiro
Jack’ Rose
Rosenthal
Sam Schepps
Hot Springs
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Morgan
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