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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 13, 1909
Page
12
Total sales at Boston market 24 426 shares New York closed Most active issue in Boston Steel common 2527 shares Greatest gain in Boston Cotton Yarn 51 2 to 119 1 2 Greatest loss in Boston Calumet & Hecla 10 to 640 Call money in Boston 4 12 to 5 per cent Time money in Boston 4 to 5 per cent
State Street observations describe muted reaction to Discoverer's Day in New York and nationwide. United Fruit announces a second 10 percent stock dividend with options to cash or subscribe, boosting stock to 23.46 million and increasing annual dividends by 170,720. Rights valued above 15 dollars, but ex rights pricing expected near 147. Copper and copper shares drift as Boston, New Haven, and New England Cotton Yarn move on mixed signals. New directors join Federal Trust Company board as 5,000 new shares issue proceeds loom.
Up-to-date property information available upon application. Margin accounts invited for active curb stocks. Direct private wire service provided to all markets.
The Copper Range Consolidated Copper Company shows full subscription of shares and anticipates an initial dividend on Copper Range railroad bonds and stock. Reports detail dividend histories for Kerr Lake Mining, United Verde Extension, and other local concerns, with assorted transfers, new directors, and planned explorations across mines in Jerome and surrounding districts.
Boston curb market activity showed La Rose as a standout with strong presence while Bay State surged beyond it. Lawson traded to 47 cents, dipped to 41, then closed at 48. Other notable moves included Ely Central around 13-4, Ely Consolidated rising to 34, Rhode Island Coal fluctuating to 11-1/4 then 10-1/2, and First National Copper near 5-3/4 with Union Copper near 2-1/8.
Springfield Mass awards 900000 bonds including 600000 3 1 2 percent building bonds dated Nov 1 1909 maturing 15000 yearly 1910-49 and 200000 4 percent street bonds dated Oct 1 1909 maturing 20000 yearly 1910-19 plus 100000 4 percent school bonds dated Oct 1 maturing 5000 yearly 1910-29 to Blake Bros J H Rollins & Co and A B Leach co on bids 100 914 for 600000 1 2 s and 102 786 for 300000 4s Kountze Bros Co awarded 205000 Atlantic City 4 12 percent 35 year paying bonds at 103 63.
Boston and Corbin report that $200000 was derived from a premium of $20 per share on 10,000 shares of the company’s capital stock. The directors and large stockholders bought the shares from the company on November 25, 1908, at $25 per share net.
A surplus for the year is 3.58 percent on the 12,500,000 preferred. It includes dividends of 250,826 expenses first refunding mortgage and Soo Line lease 149,750 reserve for personal injury claims 93,300 and eCredit.
Colorado Mining Co declares monthly dividends at S cents per share for October with record date October 15. Newmarket Mfg Co proclaims quarterly dividends of 11 44 per cent for October 15 with record date October 8. Newmarket Mfg Co also issues an extra dividend of 1 per cent for October 15 to stockholders of record October 8.
The Edison Electric Illuminating Company of Boston issues its 24th annual report as of June 30, comparing 1909, 1908, and 1907 figures. Gross earnings reach 4,111,343 with net income 1,826,387 and surplus 92,029, while total net 1,881,747 and balance 1,419,206.
Comparative earnings and expenses for six months ending Aug 31 1908 and 1909 show gross earnings of 185 163.49 and 226 878.72 with net earnings of 81 147.32 and 119 262.36 respectively. Operating and maintenance costs are listed with construction and subscriber totals.
Calendar line listing railways and companies with books closing or opening in various cities including New York, New Haven and Hartford, Blue Hill Street Railway, Montreal Street Railway, Cincinnati, Hamilton and Dayton, Union Pacific, Wabash, Wisconsin Central, Boston and Maine, Chicago Terminal Transfer, Pacific Coast, Western Union Telegraph.
Alex Campbell of the Country Club stars in a two day event concluded yesterday on his home course. He shot 74 each round to win 50 dollars, then won the match play defeating Tom Anderson and Gilbert Nichols by one up. Nichols fell 1 up after a long 405 yard hole as 500 cheering spectators watched. In the second division Isaac Mackie beat Alex Ross after four extra holes, with Mackie also winning the finals 1 up 22 holes. T G Stevenson and Andrew Campbell won the best ball foursome with 75.
The Cubs and White Sox scheduled game in Chicago was postponed due to weather. Light snow and rain earlier, followed by cold conditions, made it impossible for players and spectators to watch or work without oil stoves.
William F. Sekol, a leading U S mining engineer, praises the Rhode Island Coal Company as the best coal mining proposition he has seen. He forecasts 5000 tons daily within years, notes superior Rhode Island coal quality, low sulfur, and plans for briquetting and large breakers. He expects 1000 miners eventually and calls the project a future major producer in the United States.
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