Money Markets and Disbursement Preparations Facing Dec 1
Yesterday's call money showed inflation with rates 6 to 12 percent in New York, closing at 9 percent. Most business hovered between 6 and 8 percent. Boston expects about 90 million dollars to be allocated for December 1 disbursements. New York time money rates ranged from 6 percent for 60 days to 5 1 4 percent for six months. Local money and foreign exchange rates were cited.
MENTIONED IN THIS ARTICLE
New York
Boston
Reichsmarks
Prospect Updates and Dividends in Nevada Copper Districts
South Lake Mining reports an amygdaloid at 110 feet in the Evergreen lode indicating strong copper. Nevada Douglas Copper declares a 12 1 2 cent dividend totaling 125000 for Yerington district miners. Mason Valley may pay 1 cent per share per quarter next year. Butte Balaklava opens four feet of ore over 67 foot vein with copper content above 3 percent, signaling substantial tonnage ready.
MENTIONED IN THIS ARTICLE
South Lake Mining Company
South Lake
Nevada Douglas Copper Company
Yerington
Nev
Mason Valley Company
Butte
Balaklava
Anaconda Company
Butte & Op
Mines of America
Nevada Hills
Nipissing
Standard Oil NJ
Stewart Tower
Eaere
Utah Copper
Nevada Consolidated Companies
Utah Company
Nevada Consolidated
Utah
Nevada
Bond market notes and bond approvals in multiple cities
Middletown Connecticut invites bids for a temporary loan of 50000 dollars maturing June 4 1913 as of December 4 1912 Fitchburg Railroad wins approval to issue bonds worth 400000 dollars dated January 1 1913 at 20 year maturity Jacksonville Florida invites bids for 250000 dollars of bonds bearing 4 1 2 percent interest dated February 1 1912 due 1937
MENTIONED IN THIS ARTICLE
Middletown
Conn
P. m
Fitchburg Railroad Company
Jacksonville
Fla
Prices Fall Sharply as Call Money Rises to 12 Percent
Market reports show a sharp dip with call money rates reaching 12 percent fueling a broad price recession. Copper stock quotations slide further as London Metal Exchange prices decline, amplifying the downtrend and investor losses.
MENTIONED IN THIS ARTICLE
London
Market Records Yesterday and Year to Date
New York total sales 437000 shares and Boston 21667 shares. Most active issues were Steel common in New York 91400 and Boston 3695. Year to date totals New York 118677900 and Boston 10386362. Comparisons show gains for United States Express in New York and Wolverine Mining in Boston, with losses for American Tobacco and Boston & Lowell. Call money and time money rates listed for both cities.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
United States Express
American Tobacco
Wolverine Mining
Boston & Lowell
High call money rate unsettles New York stocks
In New York today a 12 per cent call money rate, the highest since January 3, 1910, unsettled stocks. The rise stemmed from tighter global money conditions, the Balkan war, and domestic reserve pressure. Banks called loans while a major institution offered millions at 6 per cent, then prices fluctuated as supply ran out and reserves eased.
MENTIONED IN THIS ARTICLE
New York
London
Arbitration Board
Eastern
United States
Grain Markets Nervous and Higher on War Talk
Wheat rises amid limited offerings and strong buying for short interest. Outside gains for December and May, with July bid higher. corn firm with mixed gains and futures movement. Oats rally modest with mixed closes. World shipments show shifts in wheat and corn versus last year. Liverpool and Paris futures offer varied directions. Minneapolis and Duluth receipts rise. totals compared to last year. Estimated futures for tomorrow indicate further activity.
MENTIONED IN THIS ARTICLE
Danubian
Liverpool
Paris
Antwerp
Berlin
Budapest
Minneapolis
Duluth
Chicago
Jan Eer Rene
New York
St Louis
Kansas City
Toledo
Wall Street Style Selloff Hits Major Copper Stocks
The Boston Market reports a liquidation day as London copper prices slide and New York money demand soars. Most metal stocks faltered, led by Wolverine and Butte & Superior, with notable declines for Granby Osceola Mohawk. Nevada Consolidated declares a 50 cent dividend while Utah Copper raises its rate, but overall prices end weak.
MENTIONED IN THIS ARTICLE
Boston
London
New York
Butte & Superior
Granby
Osceola
Mohawk
Nevada
Utah
Boston curb market mixed as firms move on dividends
Boston curb market traded unevenly with Butte Central holding near 9 while Nevada Douglas slid after dividend news from 31 2 to 37 8 cents, then closed at 37 8. Bay State Gas Mexican Metals and Verde Extension also drew interest amid fluctuations.
MENTIONED IN THIS ARTICLE
Butte Central
Nevada
Douglas
Bay State Gas
Alaska
Boston
Ely
Brit Golese Esas
Butte & London
Calavéras
Chief
Carbin Eee Ewes
Crown Kes
Davis Daly
Wirst Nail
Houghton Ereee
Humboldt Eeeene
Michigan Utah
Baltic
Utah
Ohio
South Lake
South Miami
Stewart
Banking Statement Shows Weekly Reserve Comparison
The current weekly local bank statement compares this week with last week and includes the surplus reserve data for the same periods over the previous ten years in Boston and New York. The report highlights changes in liquidity and reserve levels across the two cities.
MENTIONED IN THIS ARTICLE
Boston
New York
Market Trust Company Forms From National Bank
The National Market Bank of Brighton becomes Market Trust Company by charter, taking over the National Bank’s business in the same quarters and moving soon to a new building in Brighton. The change is Boston’s first in-bank reorganization.
MENTIONED IN THIS ARTICLE
National Bank
Board of Bank Incorporation
National Market Bank of
Brighton
Market Trust Company
Hfe
Boston
Cotton Markets Drift On War News And Price Fluctuations
Nervous trading in cotton as war news unsettles operators while Liverpool cables arrive. Covering activity steadies prices briefly with a 15 point recovery, then a renewed decline leaves close near day’s low. Quotations recorded.
MENTIONED IN THIS ARTICLE
Liverpool
Butler's Mass Answer Dec 3 in Bankruptcy Case
In the Butler & Co bankruptcy matter receivers gain 10 days to secure Colt instructions before answering. Judge Morten vacates prior indefinite period and sets a firm deadline of Dec 3. Chauncey G Shaw seeks $2847.01 from receivers for the Gilchrist Jewelry division, with a hearing on separate receivers for Gilchrist and Everybody's Store.
MENTIONED IN THIS ARTICLE
Jacobs & Jacobs
Morten
United States District Court
William 8. Butler & Co
Colt
Equity
Morton
Chauncey G. Shaw
Gilchrist's
Hag
Shaw
Milroy H. Gibson
Butler's
Dissolution Sought for Sugar Refining Firm
Isaac Harris, a Boston School Board candidate, is in a dispute with partner Peter M. Leavitt. Leavitt seeks a receiver for P. M. Leavitt Company refiners of sugar on Richmond Street, plus an accounting and dissolution of the firm.
MENTIONED IN THIS ARTICLE
Isaac Harris
Boston School Board
Peter M. Leavitt
P. M. Leavitt Company
Richmond Street
McManigal cross examined in dynamite conspiracy trial
Defense claims McNamaras and Ortie McManigal bore sole blame for explosions while denying union leadership knew of $1000 spent to destroy non union property. Witnesses describe payments and threats, including $2 weekly to Mrs. McManigal and offhand remarks by R H Houlihan.
MENTIONED IN THIS ARTICLE
Indianapolis
Ind
McNamaras
Ortie E. McManigal
Iron Workers’ Union Executive Board
Frank H. Ryan
McManigal
Ed Nockels
R. H. Houlihan
Chicago
George W. Caldwell
Columbus
Omaha
Web
Hockin
Tulsa
Okla
McNamara
Caldwell
Frank K. Painter
David J. Manning
Springfield
Mass
McNamara and McManigal Plot Details Revealed in Trial
Testimony recounts alleged plots to bomb Panama Canal locks and to wipe Los Angeles off the map. McManigal describes payments for explosions and motives cited as union defense. Witnesses include Mrs. Sadie Maguire detailing related travels and associations with the McManigals.
MENTIONED IN THIS ARTICLE
McManigal
McNamaras
Panama Canal
James B. McNamara
Los Angeles
James B
Detroit
Chicago
Guy Biddinger
Biddinger
Clarence Darrow
John W. Kern
Senator Kern
Herbert S. Hockin
Los Angeles Times
Wisconsin
Times
J. J. McNamara
The
Union
McNamara
Speedway
Indianapolis
Llewellyn Iron
Sadie Maguire
Freight weighing disputes spark ICC probe in Boston port
Complaints from shippers claim New England railroads overcharge due to faulty scales. Testimony showed varying weights for the same cargo of wood pulp, with charges differing by shipment. Boston & Maine officials cited minor rate differences and a 3 cent per hundredweight coal weighing fee at Portsmouth.
MENTIONED IN THIS ARTICLE
New England
Ward Prouty
Interstate Commerce Commission
Federal Building
United States
St. Louis
Chicago
R. C. @iffin
John T. Marchand
Portsmouth
N. H
Boston & Maine
J. P. Quilty
Coal Elevator Destroyed by Fire at Mt Hope Plant
A 50 foot coal elevator at City Fuel Company on Station Street Mt Hope burned yesterday afternoon. Firefighters Ladder 10 and Engine 45 narrowly escaped injuries from collapsing timbers. Loss estimated at 3000 dollars. Twenty horses in a nearby stable were saved by stable hands and Station 17 police.
MENTIONED IN THIS ARTICLE
City Fuel Company
Station Street
Mt. Hope
Ladder Company 10
Engine Company 45
Station 17
Telephone stock dividend safe at 8 percent
The Telephone Dividend Brokers report American Telephone shares traded around 143 to 145 after a high of 149 this year. They note the 8 percent dividend yields over 5.5 percent at current prices and question if earnings can sustain the dividend.
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City of
WM. A. Read & CO
Congress Street
Utah Securities
Richardson, Hill & Co
Money Markets
Metal Markets
Cookson's
Northern
Southern
B-44 &Company
Srwill Wen Sb
New York Market
Nee —-Laat
Joce Reese
Smelt & R
Snu
At& SF
Atl C Line
East Ohio
Beth Steel
Beth Steel Pf. A
Bklyn
Butterick
Cal Pet Corp
Erie
Goodrich
Lt&p
Ins Cop Co
Inter-Met
Int Agr Corp Pte
Int Harvester
Town
Lehigh Valley
Liggett & Mey
Loose-Wiles Co
Long Island
Loose-Wiles
Lorillard Co
Louis Nash
May Dept Store
Mer Marine Eri
Miami
K_T of
Tober Nee
Nynh&h
Nyo&w
Nor & Wes
Nor Am
Nor Ohio T ‘ Bey
Nor Pac
Pacific Mail
Pitts Coal
Wrto
Rock Island
Rumeley Co
Seaboard
A. A
Sears-Roebuck
South Pacific
South Ry
Studebaker
Texas Pacific
Tenn
Thi Ave
Tolly & Light
United Cigar Seay
Eae Ek
Union Pacific Teree
U & Steel
Wabash
West Maryyal
Westinghouse
W& LE
Woolworth Co
W &le Pf
Woolworth Pf
Boston Stocks
Amalgamated Sit
Am Ag Chem
Am Ag Ch P
Arizona Com
Chino
East Butte
Edison Elee
Ein Pf
Franklin Teeter G
General Elee
Giroux
Caw
New Eng Tel
Central
NY & N
North Butte
Old Colony
Old Dominion
Pullman
Bosofa
Torrington Tees
Torrington Pf
Trinity Peeneseee
Union Pacific
United Fruit
Walter Shoe
U S Smelt
Steel Seereee
Steel
Lili Magoo
Utah A
Utah Consol
Utah Co. Co
West E Teeeene Si
Wolverine Eeeene
Eales
State Street
Utah Copper and
Clark
W. A. Clark
Germany
Balkan
Near East
New York Stock Exchange
New River Coal
New River Coal Company
New York City
New England Gas & Coke Company
New River Company
Robert H. Gross
Midland
Vaial Nor & We
Lids
North Pacific Ds
Hon
San Ewe
Rre&n
Belsieus
Nyc
Bigallien
Pacifia T&t
Penn
Adams Express
G&c
T&t
jLerillard
Saad
Armour & Co
St Lim&s
Lhan City
Seal Air Line
Laclede
Bell
Pacific Cvt
Balt & O A
Steeve
A & O cl
Lake
Gnl
Bethleh Steel
Texas Co Oe
Canada Sox
Ulster
Union Pac
Ches & O
Zils Hess
M & St Paul
Dec
Cone
Ssc
Cee
Crown
Demijohn
Baley
Gold Chain
Beaver
Gr Central
Buffalo
Idaho
Chamber
Cobalt
Coniagas
Lwr
Crown Res
Gt North
Opohongo
Nol
Har Ave
Prince
Big Dome
Crown Char
Obie
Sioux
Ésea
Butler
Federal Street
Panama