Copper leads New York market with price gains and outlook
Copper shares traded heavily on the New York market with some prices reaching new highs as scarcity abroad and a higher asking price push up values. Grain and cotton rebounds boosted sentiment while a Senate plan to tax cotton futures may slow trading and reduce commitments. Bank reserve flows and government cash placements affect money markets, with expectations of a seasonal recovery and winter liquidity as the crop moving season passes.
MENTIONED IN THIS ARTICLE
New York
Senate
Interior
Sub-Treasury
Bond Market Reports Mixed U S and Copper Outlooks
The Post notes Boston Elevated fails to earn its 6 per cent dividend for the second year, with a $496,277 deficit after dividends despite gross earnings rising about $900,000. Copper producers push prices higher in London amid renewed buying, while Norfolk & Western reports record gross and net earnings for the year ending June 20, 1913.
MENTIONED IN THIS ARTICLE
The
Post
Boston
Norfolk & Western
Pennsylvania
Coppers Feature Stock Markets Highlights
Report shows yesterday trading with New York total sales 291200 shares and Boston 34310. Most active issues were Steel common in New York at 48200 shares and Butte & Superior in Boston at 9315. From Jan 1, 1913 to date New York total 59014100 shares vs Boston 3618227. Greatest gains and losses listed for both cities with Calumet & Hecla rising and Conn. & Pass. R. A. falling. call and time money rates noted for New York and Boston.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Butte & Superior
Kresge Co
St. P
Calumet & Hecla
Conn
Pass. R. A
Time Money
Pee Weeeseaeerr
Treasury
York
Sterlir
Sess Csosesteerencsers
Reichamarks
Redendabe Soos Hake Seste Oa Gas Oan Es al
New York Market Rises on Subcribed Union Pacific Stake
Stocks recovered after a week of declines as shorts bought and prices gained. Investors were cautious due to money market uncertainties and weak crop reports, but Union Pacific and Southern Pacific optimism boosted the list. Bond demand stayed firm and total sales reached par value $1,260,000.
MENTIONED IN THIS ARTICLE
New York
Shorts
Union Pacific
Southern Pacific
Harriman
G. S
Local copper market rises as prices jump in Boston trading
Local traders report a strong market with copper shares leading gains. Butte & Superior, Granby, Osceola, and Tamarack posted notable advances as copper near 161 2 cents per pound boosted optimism for higher prices by year end. Quincy held firm despite a dividend cut. Shattuck Arizona declared a small payout. East Butte avoided trouble with the miners. Boston Elevated posted a yearly deficit similar to 1912.
MENTIONED IN THIS ARTICLE
Boston
Butte & Superior
Losely
Granby
Osceola
North Butte
Pond Creek Coal
Tamarack
Calumet & Arizona
Amalgamated
Chino
American
Quincy
Shattuck Arizona
East Butte
Cotton futures drop as Senate tax sparks market crash
The Senate caucus agreed to tax cotton futures one tenth of a cent per pound triggering a dramatic selloff in New York and local markets. Prices fell about $2 per bale, erasing recent gains driven by lower crop estimates. Traders fear Clark bill passage could end future trading. Mexican Metals Company imposes 15 cent per share assessment payable Oct 16.
MENTIONED IN THIS ARTICLE
New York
Senate
Hale
Clarke
Mexican Metals Company
Bradstreets Report Sees Cautious U.S. Business Activity
Bradstreets notes irregular yet broadening business with conservatism rising in drought regions. Textile stocks are light but interior distributors place larger orders. exports in leather improve. knit goods mills sell out. Raw cotton prices push caution on new orders as copper and bank clearings show modest gains. weekly failures and wheat exports are tracked amid improving Canadian advices.
MENTIONED IN THIS ARTICLE
New York
Bradstreets
Southwest
Market Tally From Philadelphia Bid and Asked Prices
Readable fragments show bid and asked quotes for various securities and commodities in Philadelphia. Figures include percentages and prices such as 88 percent, 38 percent, and 46 percent across names like Cambria CTN J E P and Lehigh Nav with notes on conversion or yield.
MENTIONED IN THIS ARTICLE
Fisheries
Chicago City Railways
Edison
Chicago
Putle & Trust
Chicago Railways
Hart S & M Pf
Illinois Brick Ee
Kansas City Light
Sears-Roebuck Obereaeeter
Swift & Co
United Boxboard
West Stone
Peete Neene
Onsity Railwaye
Chicago Railway
Reer T Ewes
Philadelpie
Am Rys
Cambria
CTN J
Lehigh
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Ate. Sa
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Ge Bs
IMK& Eastis
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du Pont
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