Markets Show But Slight Change In Activity Today
Trading yesterday was light with small volume and little public participation. The market mostly backed and filled within narrow limits, though many issues rose at close, and earnings strength keeps investors hopeful despite a weak overall tone.
MENTIONED IN THIS ARTICLE
Rie
Eric
Boston curb market bids on bonds and tax status shifts
Boston curb market invites bids for 30,955 dollars of 4 per cent bonds dated Oct 15 1911 payable Oct 15 1912 and 3000 dollars annually. over one third of a 2,885,000 dollar issue of tax exempt bonds issued. The new bonds offer a 3.625 per cent income basis versus 3.90 per cent for old taxable bonds after 1 per cent tax. Taxable returns drop to about 3.40 per cent while non taxable yield remains 3.425 per cent. Massachusetts banks may shift from taxable to non taxable bonds amid the new issue. New Rochelle NY awards 412 per cent bonds amounting to 211,000 dollars to Estabrook & Co at 12.
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Local Market Rally and Rumors Shake Mining Leads
Yesterday's market saw Lake Copper rise to 271 4 and close at 263 4 amid insider buying and circulating rumors of a regular producing basis and a forthcoming dividend within six months. Superior weakened as rumors grew that it could soon be assessed. Massachusetts Electric remained active with mixed results between common and preferred shares.
MENTIONED IN THIS ARTICLE
Lake Copper
Superior
Massachusetts Electric
Uep
Prior
Massachusetts Electric Common
Preferred
New Haven Stockholders urged to read October Digest
Stockholders should read the October Digest of Corporation News for clear-cut analysis that could save thousands on stock purchases at present prices. The Monthly Digest supplement Moody's Manual provides authoritative data on corporations with known public interest, priced at 12 dollars. Send orders to Moody Manual Company 33 Broadway New York.
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Corporation News
Monthly Digest
Moody’s Manual
Moody Manual Company
Broadway
New York
East Butte ore report shows lower output and copper content
The East Butte quarterly report to Sept 20 shows 16 358 tons of first class ore at 6.7 percent copper versus 17 205 tons at 7.8 percent previously. second class ore 7 365 tons at 2.93 percent versus 7 478 tons at 2.9 percent. all ore average copper 5.54 percent, down from 6.0. Yesterday's auction results list several gains and drops among listed companies. La Rose directors cap $1.5 million surplus distribution until after Dec 31 resolving earlier splits.
MENTIONED IN THIS ARTICLE
East Butte
The
la Rose
Woolen Mills Run At Five Percent Capacity
President Wm N Wood of the American Woolen Company reports improved business and mill activity now at 70 to 75 percent capacity, the highest this year. Several large mills including the Aye Fulton Brown Weybosset and Dunegan are busy into the new year while Wood worsted mills are sold out for the season and many mills show over 80 percent of orders.
MENTIONED IN THIS ARTICLE
Wm. N. Wood
American Woolen Company
Aye
Fulton, Brown
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