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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 28, 1910
Page
18
Steel leader moves higher with large total sales in New York and Boston as of 1910 year to date. Bethlehem Steel leads gains in New York. National Carbon climbs in Boston. Federal M. & S. pref. falls in New York. Western Tel. pref. slides in Boston. Call and time money show mixed rates in both cities.
Steel stocks surged with about 40 percent of 690000 shares traded, setting a yearly high while others like Reading and Union Pacific lagged. Consolidated Gas rose on a favorable tax note, and Smelters gained on plans to issue bonds. A hiring inflation rumor flavored the market volatility as top prices drew heavy trading.
The Union Pacific report shows common stock earnings at 19.17 percent up from 18.87 last year, with a 3.9 million dollar rise in dividend surplus. Transportation earnings hit 10.18 percent after preferred dividends, and overall gains include capital stock increases and asset growth.
Trading on the local stock exchange featured Amster stocks leading gains with North Butte Lake Copper and Amalgamated advancing. Prices ranged higher across the board as Boston & Corbin and Shan non drew buying support and Steel and Amalgamated mirrored strength in New York.
Information furnished on request. Best facilities for executing orders. Margin accounts solicited. Jr. Thomas Reinhardt, member Boston Curb Exchange, at Devonshire Street private wires 88 Broad Street New York offices overlooking Curb.
In Nipissing property updates, vein No. 73 drifts 212 feet with continuous ore averaging six inches and 2500 ounces silver per ton. A section yielded 8000 ounces per ton, and a 25 foot raise reported 10 inches at 2000 ounces per ton. Eastward development targets deeper Keewatin formation and 1000 feet strike to company line.
Massachusetts Coal and Power rose to 10 cents from 4.12 cents while Cactus fell to a new low at 26 cents. Yukon Gold drew strong demand paying a full point above the prior close. China and Inspiration also moved as the curb list fluctuated with details provided.
Gloucester Mass invites bids until 4 p m for 30000 4 per cent municipal bonds dated Nov 1 1910 and maturing 1911 20. New Rochelle awards 46000 41 2 per cent public improvement bonds dated Nov 1 1910 maturing 1918 to 1918 and 4000 in 1920. NYSE lists Chicago Great Western 2 000 000 50 year bonds due 1959 Chesapeake & Ohio 31300000 41 2 per cent bonds due 1930 Morris & Co 12300000 41 2 per cent bonds due 1989.
Consolidated Gas Co of New York declares 11 2 percent quarterly with record date November 17 and payment December 15. Champion Copper Co announces 1 dollar dividend for stockholders of record October 29. Pennsylvania Steel Co issues 8 1/2 percent preferred as semi annual with books closed October 22, reopens November 3. Casein Co of America declares 2 percent preferred with books closed October 31, reopen November 10. Pressed Steel Car Co sets 13 4 percent quarterly for preferred with record date November 2 and payment November 23. American Telegraph & Cable Co declares 11 4 percent quarterly with record November 30 and payment December 1. Sagamore Mills quarterly 2 percent with stock record October 25. Columbian Mfg. Co semi annual 5 percent with stock record October 26. Otis Mfg. Co semi annual 5 percent with stock record October 26.
Tommy Sullivan of Lawrence retained his title by stopping Barclay Connolly of Portland in six rounds at Unity Cycle Club. In round six Sullivan opened a gash over Connollys eye and forced a nine count, but the bell saved him. Connolly could not rise for the seventh and Sullivan won on a decision.
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