Calling of Loans Forces Price Decline In Market Report
Bearishness of traders grows as banks drive losses for short sellers. Wolverine gains five points to 88 while United Fruit climbs to 183 as yesterday’s market activity shows high volume. New York total sales 390000. Boston 33319. most active issues Reading 74900 in New York and U S Smelting 6504 in Boston. Jan 1 1912 year-to-date NY 89106000 shares. Boston 8397385. General Motors pref leads gains, Sears Roebuck weak. Island Creek pref and Calumet & Hecla mark notable moves in respective lists. New York money rates at 5 percent on call, 5 to 6 on time.
MENTIONED IN THIS ARTICLE
Wolverine
United Fruit
New York
Boston
Reading
U. S
General Motors
Sears, Roebuck Co
Island Creek
Calumet & Hecla
Cail Money
Time
Butte & Superior
Smelting Common
Lake Superior
Market Slumps as Higher Money Dampens Trading
The New York market opened with call money at 4.25 percent rising to 5.25 percent by mid day as stocks declined 1 to 1.5 points. Reading and Canadian Pacific led rails lower while U S Steel Amalgamated Copper and American Smelting faced selling pressure. Bond activity increased with higher carry-over charges and total par value around 1.9 million.
MENTIONED IN THIS ARTICLE
New York
Bank of England
London
Australia
Reading
Canadian Pacific
U. S. Steel
Amalgamated Copper
American
United States
Dividend notices from United Fruit Company and related firms
Dividend notices announce United Fruit Company quarterly dividends of 2 percent on common stock payable October 15 1912 to holders of record September 11 1912 with treasurer Charles A Hubbard at 181 State Street Boston mass. Preferred stock dividend of 1 percent payable October 15 1912 to holders of record September 28 1913. Also Lanst on Monotype Machine Co Philadelphia reports a 1.5 percent quarterly dividend on capital stock declared September 8 191? to close of business.
MENTIONED IN THIS ARTICLE
State Street
Boston
Mass
Charles A. Hubbard
Nipe Bay Con
Chafes A. Hubbard
Lanston Monotype Machine CO
Philadelia
Buslee
Bancroft
Phi
Sable
Market closes heavy after early gains on bank loan concerns
Boston September market commentary notes early buying strength fading as bank loan renewals dampen optimism. Butte & Superior and Smelting common rally briefly before reversing with the broader decline. Wolverine drops to 88, a yearly low, amid liquidation chatter. United Fruit rights trade near 5 1 4, stock dips to 1 8 3. overall tone ends heavy.
Curb Market Signals Mixed Activity Across Mines
Local curb report notes Alaska Gold Mines leading activity with Alaska prices climbing to 91 4, a new high. Mexican Metals, Rhode Island Coal, Calaveras and Bingham Mines show moderate turnover. Other notable issues include Eagle Blue Bell Davis Daly Lion Hill and Oneco with detailed fluctuations listed here.
MENTIONED IN THIS ARTICLE
Alaska
Rhode Island Coal
Calaveras
Bingham
Eagle & Blue Bell
Davis Daly
Lion Hil
Oneco
Bay State
Bingham Mines
Brit Col
Butte Central
Butte & Lonion
Arizona
Crown Reserve
Davis Iy
Ely
Eagle & Blue First National
Goldfield
Kruger Eoteawedes
Eeooges
STATE STREET TOPICS ON MARKET TRENDS AND STEEL STOCKS
The piece analyzes market strain from the money market and call money rising to 5 1 2 percent, with prospects of 6 or 7 percent by crop season end. It notes professionals shifting to the bear side as profits shift from bullish reports in steel and copper to caution amid calls on margin and bank reserves.
MENTIONED IN THIS ARTICLE
New York
Utah Apex Mining Names New Directors
William J. Carlin John P. Gorman R. F. Haffenreffer Jr Edward R Hastings John J Murphy Louis Rosa and F. 4 Behirmer are elected directors of Utah Apex Mining Company with two board vacancies to be filled later. The El Paso Consolidated Gold Mines Company raises par value from 1 to 2 and cuts shares from 2 500 000 to 600 000. A 2 percent quarterly dividend is declared. last 1 percent dividend was set June 20.
MENTIONED IN THIS ARTICLE
William J. Carlin
John P. Gorman
R. F. Haffenreffer, Jr
Edward R. Hastings
John J. Murphy
Louis Rosa
F. 4. Behirmer
Utah Apex Mining Company
el Paso Consolidated Gold Mines Company
Grain markets show mixed activity amid heavy receipts
Heavy Northwest arrivals and bearish signals press prices as hedge sales and a larger crop estimate prompt long liquidation. Dec and May corn bids hold while cash corn eases. oats edge up fractionally amid steady overall grain markets and mixed international cues.
New York Money Market Hits New 1912 High
The call money rate reached 5 12 percent in New York signaling strain as grain harvest financing looms. Banks expect tighter conditions amid firm time rates and varied short term loan quotations. market data show rates around 6 percent for 60 days, with further steps to six months.
MENTIONED IN THIS ARTICLE
New York
Boston
Kere’ Sterling
Aoene Cssgteae
Reichsmarks Seteeesterraeeree
Report of the Federal Trust Company of Boston 1912
Report of the condition of the Federal Trust Company of Boston Massachusetts at the close of business September 4 1912 as rendered to the Bank Commissioner.
MENTIONED IN THIS ARTICLE
Boston
Mass
Federal Trust Company Officers Submit Reserve Statement
For the last thirty days the average reserve carried was currency and specie 8.23 per cent deposited in reserve banks 9.38 per cent United States and Massachusetts bonds 2.62 per cent Suffolk as Sept 11 1912. Then Samuel A Merrill treasurer Joseph H O Neil president James W Kenney Samuel Hobbs John T Burnett Charles L Burrill Hiram M Burton directors of the Federal Trust Company made oath the foregoing statement is true to the best of their knowledge and belief before me James E Farrell notary public.
MENTIONED IN THIS ARTICLE
United States and
Massachusetts
Samuel A. Merrill
Joseph H. O'Neil
James W. Kenney
Samuel Hobbs John T. Burnett
Charles L. Burrill
Hiram M. Burton
Federal Trust Company
James E. Farrell
Cotton Markets Drift After Opening Decline and Rain Outlook
The market steadies after a morning drop of 10 to 15 points then rises 2 to 2 1 2 points as short covering and bull buying push prices. Weather reports show good rains across Georgia and South Carolina with 1 to 2.9 inches in several stations and forecasts call for more rain. The belt remains hot and largely clear except light rain at Amarillo. The National Ginners index shows a sharp fall in condition to 77.4 from 74.6 last month, with shedding across states. Sentiment is mixed. Liam Salomon & Co. issues at 2.6 million dollars two year notes. Little Miami Railroad stockholders set Sept. 30 meeting in Chicago to authorize 10 million dollars of 4 percent general mortgage bonds, with 1.07 million dated Nov 2 1912 and payable Nov 2 1962, to take up equal 5 percent bonds maturing next.
MENTIONED IN THIS ARTICLE
Bradstreet
de Clinés
Mbst
Liverpool
Paris
Antwerp
Budapest
Berlin
Minneapolis
Duluth
Chicago
Baltimore
Canada
Northwest
Bradstreet’s
Rockies
Europe
Georgia
South Carolina
Amarillo
Tex
Little Miami Railroad Company
Dividends Declared by Multiple Corporations
A list of companies announcing regular quarterly and interim dividends with payout dates, record dates, and book closures. Firms include Boston Belting, West End Street Railway, American Woolen, Wameutta Mills, Kilburn Mill, United Shoe Machinery, New York Central & Hudson River, Big Four Railway, Rubber Goods Mfg, Abber Goods Mfg, El Paso Consolidated Gold Mining, Otis Elevator, State Street Exchange, Anaconda, Julius Kayser (American Tobacco), St. Louis Southwestern, Western Union, and New York & Harlem Railroad.
MENTIONED IN THIS ARTICLE
Boston Belting Company
West End Street Railway Company
American Woolen Company
Wameutta Mills
New Bedford
Cleveland, Cincinnati, Chicago and St. Louis Railroad Company
Big Four
Rubber Goods Manufacturing Company
Abber Goods Manufacturing Company
el Paso Consolidated Gold Mining Company
Otis Elevator Company
State Street Exchange
New York & Harlem Railroad Company
New Castle Delaware Seeks Bids for Highway Bonds
New Castle county Delaware invites bids by noon September 24 for 105000 four percent highway improvement bonds dated July 1 1912 maturing 10000 annually 1952 1950 inclusive and 5000 annually 1960 1964 inclusive The St Louis and San Francisco Railroad Company has authorized and sold to Wil-
MENTIONED IN THIS ARTICLE
New Castle County
Del
St. Louis
Bond Market Slips in New York Trade
In New York on September 11 the bond market showed weakness as a round of London rates influenced U S government bonds. The tone remained soft with few significant gains and more issues trading at lower levels.
MENTIONED IN THIS ARTICLE
London
United States
Also Mentioned on This Page
Hornblower & Weeks
Hartford
New Haven
Chicago Newport
Detroit
Providence
New York Market
S&f
T&t
United Fruit Company
Ieee
South Ee
Erie Ist
Pfeter
Otor Pf
Nort Noretts
Or & West
Boston Stocks
Ase
Colen Pl
Seer
East Butte
Greene
Sean
Baeror Gop
U. Ted Fruit
Athens
Ereterere Iy
Utah
Wé& Ee Co
Farrae
Fitch & Leominster
Trary Bureau
Telsepetat
Mass Cotton
Eeeeveneer
Lgeeahewens Mills
Ottaca
Ebeeetane
Neeiar Mills
Pere Marquette
Pope Mfg
Syracuse Rapid Transit
Nion Typewriter
Union
Union Typewriter
Waehnets Mills
Atlanta
Birm & At
Canton
New Philadelphies
Indiana
Allied
Rutte & NY
Dee
Davia Daly
Dace Goldfield
Giroux
Ene
Greene Cananea
Houston O
Inter Rubber Ett
Kresge
Lehigh Val Coal
Manhat Transit
Makon Valley
Nipissing Penn Textile
Cig Sinead
Wettlaufer
Beth Steel
Braden Copper
Philadelphia Market
We Phila Co
Am Eerie
Cambria Steel
el Co of Am
Topopa Mont
el Stor
Steel
Union ‘Pacific
Amalgamated
Gary
Tennessee Coal & Iron Company
Steel Corporation
Missouri Pacific
North Butte
Isle Royale
Cripple Creek
W. C Bolley
Denton
Neal
General Motors Company
William L. Day
General Motors Truck Company
Naumkeag
Onondaga Copper
R. C. Pryor
White Pine
J. J. Hill
Second National Bank of
St. Paul, Nn
Southwestern Miami Development Company
Clae
St Louie
Kansas
Money Market
Suffolk, As
State of Massachusetts
Wba Tee
Ccs
Csce
Liam Salomon & Co
M.seeeveesee
Bklyn Uel
Serene Cc
Teen Steers
Texas
Wabash Sh
Tube &S
Teenee
Atlan
O’brien
Lue Ull
Hollinger
Pearl Lake
West Dome
Ontana
Crown
Exton Ming
M Rg Idaho
Wee
Yerrington Eeeee
Cuba
Nyc
Stock Exchange
CRI &P
Seeree
Sateen
Col & So Ist
Col & So
Corpse du Pont de Te
Erie
Steee
A Coast Line
Ahaa Balt &O
Balt & O Gold
Bethleh Steel
Bklyn
Seeee
Seers
Jas
Gulf & Ship I
Lee
Seebee
IPM & Co
Urea
Kaw & Mich
EL & Addy
Weeee Laclede Gas
St L
Lake
Tee Liggett & M
Liggett & M
NH & H
Tee
West&b
Norf & W
North Pacific
Seheee P Lorillard Bs
Pccess
Dels
St Li
T Lon
I Union J
Wab P Central
Eeeersese
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