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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 29, 1910
Page
14
Market roundup shows softer prices with reduced activity. New York total sales 539100 shares while Boston logged 26094. Steel common led in both cities with 189900 and 4189 shares respectively.
Prices held generally steady throughout the day but closed lower as steel activity waned after a morning surge. Trading volumes faded in the last hours while bullish chatter About steel and copper persisted, and money remained easy despite a weak bank statement.
Brokers note steel shares draw heavy buying as The New American traces Steel trust assets and ore reserves. Schwab cites 2.2 billion tons of ore and a 1910 surplus near 11.5 percent, while Hornblower Weeks ties industry earnings to national growth and shifts in export composition with outlook for American Smelting financing.
Directors vote to extend the shaft by five feet and continue opening upper levels as ore reserves grow. Joseph N. Lovell buys O Magna NY Cotton Exchange seat, giving the firm two cotton seats and memberships in NY and Boston exchanges.
Ex-dividend report shows total sales 15 585 listed shares 10 511 unlisted shares and bonds valued at 39 000 with 1099 rights noted.
The local stock exchange shows little drama with few notable movers. American Zine peaks at 283-8 while Steel Common fails to sustain early demand and overall price changes remain fractional amid thin news and muted investor interest.
A Canadian industrial company with 75 years in business offers for sale at par a substantial bonus in common stock along with 7 percent cumulative preferred stock. The preferred is well secured by assets valued at at least 135 dollars per 100 dollar share. The company projects rising earnings as the Dominion grows, making the common stock likely to gain value. Full particulars available on application.
A Boston classified notice offers to assess millions of dollars in New England stock investments of doubtful value. The ad promises to determine if holdings have value and what can be done, inviting readers to write to Stock Specialist, Box 3676, Boston, for a small fee.
Yesterday reports said American Smelting acquired about 100000 Tennessee Copper shares at 20 to 40 dollars each. With 200000 shares outstanding, Lewisohns retain control but the purchase secures a 10 year ore selling contract for Tennessee. This shifts 14 million pounds a year away from United Metals Selling Company’s output.
Yesterday's curb market featured firms Inspiration Massachusetts Coal Champion Cactus Arizona Mines Bay State Gas Nevada Utah Mazatan Chino Nevada Douglas. Mazatan and Arizona Mines hit new high records with odd lots at $3 and Cactus at 2 cents, Champion at 4 cents marking new lows. Detailed fluctuations follow.
A report lists New York bond quotations provided by 24 Milk Street Boston. The item notes price movements and market activity for key issues as of the latest session.
Morgan Harjes & Co of Paris bought from the Michigan Central R R GC sixty million francs of its one year 4 1/2 percent notes. MarbleheadMass awarded twenty seven thousand dollars of 4 percent bonds dated May 1 1910 with annual redemptions 1911-14 2000 1915-22 and 1000 1993-29 at 102.827 to Perry Coffin Burr.
The Lloyd McKim Garrison prize offers $100 and a silver medal for the best poem on a subject chosen by a Harvard English Department committee. This year subjects include Socialism Thackeray or Boston As Seen from the Harvard Bridge. Poems limited to 50 lines and open to Harvard College undergraduates only.
The manufacturers' exposition will close tonight at 10 o'clock with attendance far surpassing all previous records for Mechanics Building, signaling a highly successful show.
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