Net Earnings Over Two Times Preferred Dividend Requirement
A special circular notes that net earnings exceed more than double the required preferred stock dividend. The document indicates the information is issued upon application.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 08, 1912
Page
14
A special circular notes that net earnings exceed more than double the required preferred stock dividend. The document indicates the information is issued upon application.
Early advance in New York prices gave way to a reactionary trend as traders weighed mixed signals. Union Pacific showed notable activity and weakness, while North Butte Granby and Lake regions remained comparatively firm, shaping a volatile regional tone.
Total sales yesterday show New York 446000 shares and Boston 40912 shares with Reading leading in New York at 97000 and North Butte Mining leading in Boston at 13447. Year to date totals list New York 100337800 shares and Boston 9202294 shares, vs last year’s 92435600 and 4843354 respectively. Top gains include Am Brake Shoe & Found pref and Calumet & Hecla, while Amheek Mining shows the biggest Boston loss. Money rates rose in New York to 4 1/2–5 percent and in Boston to 5 1/2–6 percent with secondary quotes at 5 1/4–5 1/2 and 5 1/4–6 percent.
Irregular trading today with prices opening near last week’s levels. United States Steel and Union Pacific weighed on the market while National Lead and Harvester showed strength. Tobacco issues fell and bond activity remained light with total sales around 1.865 million dollars.
Grain markets show a bearish tone with Minneapolis and Duluth sections giving 2288 cars versus 1478 last year and total stock around 1422. Estimates for tomorrow near 1100 and global shipments running about 0.75 million higher than last week, 0.816 billion more than last year. Wheat leads the session weakly while corn bottoms out with limited activity and near steady May and July positions.
A scanned calendar listing dividends payable and book closings for multiple railways and utilities, including Central Pacific German Pass and Norfolk Southern, with mentions of firms like Vermont & Massachusetts, Chicago Great Western, and Union Pacific. It notes a quarterly dividend of 1.50 per share by the Power Company and Massachusetts Corporation with dates around October 1912 and a treasurer named Hubbard.
Boston October market notes report sharp advances in North Butte from 3514 to 8712, Granby up from 5978 to 6112, and Lake from 4568 to 36 as investors push prices higher. East Butte Copper Range and Osceola followed with gains while Calumet & Arizona dividend talk circulated without changing trading mood. overall tone at close remained firm.
Cari Fureténbérg and Ludwig Treiser retire from partnership in 6 Haligarten & Co of the New York Stock Exchange. Albert Rothbart remains a member as of this date. Also notes on Butte mining interests, Iron Range vein prospects, and Copper Producers' Association status.
Boston curb market saw Consolidated and Mexi can Metals lead the session with prices fluctuating between 9 and 9 percent ranges and 56 cents respectively. Other notable names included La Rose, Calaveras, Majestic, Houghton Copper, Chief and Laramie as traders tracked daily fluctuations.
The New York bond market on October 7 showed fair strength with pronounced demand for Third Avenue adj bonds priced around 46. The stock exchange bond transactions totaled in hundred dollar amounts, reflecting active trading activity.
Investors eye tomorrow's government crop report amid frost prompted corn condition downgrades. Spring wheat yield set to hit a record, winter wheat and total wheat forecasts rise. oat crop expected to be the largest in U S history. Daly West cuts dividend, stock activity shows unusual moves as Calumet & Hetla rises while Ahmeek falls on the Boston Exchange.
The weekly bank statement compares current figures with the previous week and shows the surplus reserve for the same periods over the last ten years in Boston and New York. The data highlights year over year trends and regional reserve levels.
Cotton prices fell sharply with 23 to 25 points off Friday close and 36 to 38 points from Saturday’s high as markets opened weak. Southern spots eased with crops seen rising, while Western belt prospects held out for gains despite cautious realignments. Inners stayed buyers but absorption lagged, markets softening through the session.
Daly West Mining declares quarterly dividends in cents payable Oct to stockholders as of Oct 19 with last payment at 25 cents. Commonwealth Faisén Company of Chicago announces regular quarterly dividend of 13.4 cents payable Nov 1. Lam Compe Company also declares regular quarterly dividend of 5 cents.
A concise note urges readers to stop calling these tasty deals es and to use correct spelling for promotional items. The guidance aims to ensure clarity in advertising language and avoid abbreviations.
Trading at the metal exchange was quiet with copper bids around 17 1-4 for near deliveries and a steady finish. Tin eased slightly and electrolytic copper closed near 17 6 to 18 range with futures activity modest across No 1 Southern and No 1 Northern lines.
Fragmentary OCR text from a Philadelphia market page shows scattered figures and abbreviations. Readable items include prices, percentages, and items like 27 and 104, with unclear context for full interpretation. The fragment suggests a commerce or real estate listing segment with mixed data.
The money market shows easing tones as demand stays light for call and time money. New York call money trades around 5 to 4 1/2 percent with the shorter rate prevailing, while time funds range from 6 1/2 percent for short maturities to about 5 1/4 to 5 1/2 percent for five to six months.
Miss May Sutton loses 60 pounds training for tennis then wins the British title in England. The article notes her remarkable weight loss and triumph in the national competition.
The writer weighs Red Sox and Giants strengths with experience, notes Wagner and Heinie Wagner’s value, Carrigan and Cady as sharp signals, and praises Boston outfield and Casrigan. He recalls Giants’ year’s form and predicts a tightly balanced series with no fixed favorite.
Charles Webb Murphy fined 600 by city authorities for placing fans in aisles during a key series with New York. Promoters claim he realized about 800 percent on his 600 investment amid the controversy.
Optimistic business outlook leaders forecast a strong revival and believe many firms will cover back accrued dividends within three years. The Boston Post will feature the subject with analyses of companies like International Paper, American Writing Paper, and American Hide & Leather, widely held in New England.
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