Majestic Shipping Ore Drives Rapid Price Advance
Majestic Corp begins shipping ore and earning profits as New York buyers accumulate stock for months. Expect a swift rise in prices as demand increases and the market reacts to steady purchases.
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 27, 1915
Page
12
Majestic Corp begins shipping ore and earning profits as New York buyers accumulate stock for months. Expect a swift rise in prices as demand increases and the market reacts to steady purchases.
The Post reports American Can Company will announce payments to cover accrued dividends on its preferred stock, about 8.96 percent rate, with cash payments over several quarters. The firm recently finished a $10 million war order and has other major orders, boosting activity and common stock prospects.
Current quotations show calls and loans near 3 percent with various rates for commercial and year loans. The foreign exchange market opens easier with Sterling at 4.70 and francs around 5.02 14, marks 80 1 2, lire 6.49.
Irregular session ends with General Motors up over 20 points while New Haven weakens and Boston list shows firm tone as trading closes.
Yesterday's totals show New York sales of 641 400 shares and Boston 44 446 shares with American Can at 75 000 and Alaska Gold at 4379 as most active issues. Year to date figures list New York 157 762 200 shares and Boston 10 983 249 shares, compared to last year's 46 500 900 and 3 268 807 shares respectively. New York Greatest gain General Motors 23 to 449 while American Cities pfd 6% falls to 42. Boston Greatest gain New England Cotton Yarn 10 to 30 and Conn. & Passumpsic declines to 86.
Speculative sentiment improved forenoon with higher prices on many issues aided by stronger railway earnings. General Motors jumped to a new high, Cuban American Sugar and American Can records surged, but late selling trimmed gains. Total volume 640000 shares with mixed rail and metal stock moves and bonds steady.
Boston market reports strong activity as metals firm, zinc hits a London high. New Haven weakens while Allouez Mining declares a $1 quarterly dividend. Utah Apex, Eagle and Blue Bell announce dividends. Eagle and Blue Bell may earn $15,000 monthly at current lead prices. Greene Cananea near operation resumption. Mexican trouble costs estimated at $150,000.
London metal market reports gains across metals with copper up 1 pound on spot and 15 shillings on futures. Tin climbs two pounds to 168 pounds 10 shillings with futures up 1 pound 15 shillings and Straits tin at 172 pounds. Lead rises two shillings and zinc and stripper? spot gains 3 pounds, futures unchanged at 90 pounds.
In the past week $19,000 of Ray Consolidated 6 per cent bonds have been converted into stock, leaving $2,067,000 outstanding. The bonds have been called for payment December 31 next. Cen
Trading remained active with strong demand for key issues. Major dealings centered on American Smelting 6s Hudson & Manhattan income 5s Mercantile Marine 5s Montana Power 5s and several convertibles from B&O Chesapeake & Ohio Erie New York Central and Southern Pacific. Total sales reached 4 357 000, down from Wednesday’s 5 224 000 and last week’s 7 177 000. year to date bond sales stood at 823 367 000 versus 425 875 000 a year ago.
A large fishing fleet docked at the Fish pier with 22 trawlers and eight netters, delivering 70,100 pounds of groundfish, 9,000 pounds of haddock and 4,500 pounds of halibut. Mackerel boats including Julietta and Tafayette reported mixed catches, while prices for haddock, cod, pollock and mackerel appeared in daily dealer listings.
Shipping news lists steamers arriving from Shields to Norfolk and New York with names such as Louisiana Dan Jonsen Copenhagen Christiania and many more. Departures include Moorby Swansea Calvin Austin Melrose H M Whitney and tugs Neponset and Allentown plus barges bound for New York Baltimore and Portland with multiple intermediate calls.
United States District Attorney George W. Anderson yesterday endorsed a sliding scale system for gas prices in Boston at a public hearing before the Board of Gas and Electric Light Commissioners. He criticized holding companies.
Mr. Anderson argues the sliding scale is the most hopeful system if Massachusetts continues to test privately owned utilities under public oversight. He urges adherence to the Boston sliding scale agreement unless good faith is proven lacking, and says the plan removes gas interests from political influence.
Chicago and Eastern Illinois gains 20 percent in third week of November over last year. Wright Metal Action Company Worcester incorporated under Massachusetts laws with 500000 authorized capital. Incumbents are Morris Wright president Hosea Mann treasurer Charles Ratman clerk all Worcester and Josiah B Miller of Boston vice president. American Telephone convertible bonds 450900 exchanged for stock within the week. Standard Silver Lead Mining October gross 140859 expenses 26000 net 114859. Boston Stock Exchange rules ex dividend on Allouez Mining 1 dividend. ex-dividend date after today. New York Curb approves temporary quotation 40000 preferred and 120000 common Jewel Tea par value 100 to trade when issued.
Hayden, Stone and Ladenburg Thalmean buy 2,000,900 in Pierce Oil notes convertible into stock. Proceeds fund Oklahoma pipeline to Fort Worth refinery, Sands Springs lubricating oil plant, and five gallon canning casings for export gasoline. Brockton issues 250,000 temporary loan plus 150,000 and 100,000 notes at set discounts and premia. Other bids listed. Aetna Explosives calls 100,000 of notes, bringing total called to 1,400,000 of 3,000,000 issue.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.