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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 15, 1910
Page
14
New York and Boston market activity shows total daily sales near 400000 shares with gains for Soo pfd and Wolverine offset by losses in Am Linseed Oil ptd and Boston & Maine. Reports note limited breadth, bulls still cautious, and profits urged on rallies as exploration continues in Battle horizon.
The Boston Market report lists stock and bond price movements for Sept 14 with totals of sales and comparisons to the prior close. Bonds are highlighted in the summary section.
Boston curb market saw China Copper trading from 17 to 171-8 then 161-2 with 76 to 88 to 78 cents. Humboldt Smelters at 238-4 to 33-8 and Bay State Gas at 35 to 40 to 37 cents. Rail of Arizona Mines 51-2 to 61-8, Calumet & Corbin 45 to 86 cents, National Mining Exploration 7 to 11 to 8 cents, Nevada Utah 69 to 73 to 70 cents. Rhode Island Coal Calaveras Nevada Douglas Arizpe rights Majestic and Champion also featured. Yuma up five cents to 55 cents. Full curb list details follow.
After a smooth voyage from London the Leyland line freighter Columbian docked at pier 41 with 2690 tons of freight and eight returning cattlemen aboard. The Gloriana delivered china clay to Mystic wharf while heavy fog delayed Grand Banks sailing and bookings to Europe surge. The Romanic sails from Naples with 1000 passengers, Saxonia departs Queenstown for New York, and other ships like the Ivernia and Menominee prepare to arrive or depart as port activity remains brisk.
The market showed little interest with restricted trading and two issues that posted fair volume Steel Common and Amalgamated. Prices moved in a narrow 2-12 point range, news scant and overall close irregular and generally lower. Local money rates and foreign exchange quotations followed typical patterns for the period.
Thompson Towle & Co note rumors that Chino may issue 100000 new shares to finish mine financing. They expect spring action after favorable developments in tonnage and ore values, enabling financing on better terms when ready.
The Boston Stock Exchange lists 2335 shares of 6 percent cumulative preferred stock of Pacific Coast Power Company with Stone Webster as transfer agents and National Shawmut Bank as registrar. Meanwhile Amalgamated’s injunction against Butte Balaklava is modified allowing operation on 700 and 1400 foot levels. Superior & Boston shows good ore from McGaw shaft with 80 to 40 men at work and shaft sinking halted at 831 feet. Atlantic plans diamond drilling at the 16th level to save resources.
Application has been filed with the New York Stock Exchange to list $5,000,000 first mortgage and collateral trust five percent bonds due in 1937 of the Pacific Telephone and Telegraph Company.
For the year ended June 30, 1909 the Boston & Maine earned 43 357 175 gross. The surplus after all charges and dividends stood at 785 250. Detailed figures and comparisons follow.
Homestake Mining Co announces 50 cent monthly dividend with books closed Sept 20 reopen Sept 27. Crown Reserve Mining Co declares quarterly 6 percent and 9 percent extra with books close Sept 30 reopen Oct 16. United Gas Improvement Co declares quarterly 2 percent with record Sept 20. Western Union Telegraph Co quarterly 3 4 percent with Oct 15 record Sept 20. May's Department Stores Co initial quarterly 13 4 percent on preferred. New York & Harlem River Railroad Co semi annual 11 2 percent with Oct 1. First National Bank of Boston quarterly 3 percent with record Sept 26. American Pneumatic Service Co initial semi annual 3 12 percent on first preferred with Sept 30 and record Sept 17. Toledo St Louis & Western Railway Co quarterly 1 percent with Oct 15 and record Sept 30. United Shoe Machinery Co quarterly 2 percent common with Oct 5 and record Sept 20. 11 2 percent on preferred with Oct 5 and record Sept 20. American Typefounders Co quarterly 4 12 percent on Ly 4 percent preferred and 1 percent common with Oct 15.
A market calendar listing dividends and payments due today from multiple companies. Includes Consolidated Gas 1 percent, Diamond Match 11-2, El Paso Electric 2 dollars, Kerr Lake Mining 50 cents, Laclede Gas 13-4, National Lead 13-4, Nipe Bay common 4, Rubber Goods Mfg pfd 134, Standard Oil 6, Miami Copper 18, San Antonio assessment, plus American Snuff American Tobacco New Haven North American Twin City R T com and pfd.
A Gloucester fleet brings in 644,500 pounds of mixed fish from 24 trawlers with haddock 409,200 pounds cod 115,400 hake 57,600 and pollock 62,300. Haddock sells at 3 1 2 cents per pound while cod, hake, pollock and swordfish fetch varying midcentury prices as crews await higher bids. Captain Henry Larkin completes his summer shack fishery with Onato delivery and plans haddock work out of Boston.
The Boston fire department announced a major shake-up in assignments at headquarters. Temporary Fire Commissioner Carroll and Chief Mullen released a new list, ensuring full officer quotas for all companies and a better prepared department to handle any conflagration.
The city promotes twelve new lieutenants from the recent examination with assignments across multiple companies in Charlestown Roxbury East Boston and Brighton. Notable changes include Martin A. Kenealey moving to Chemical 12 at Forest Hills and Charles Donahue becoming drill master at headquarters. Other promoted officers receive postings in Engine 12 7 28 3 26 41 45 and more with numerous transfers of privates to fill vacancies.
New York Sept 14 Shareholders of the Standard Oil Company will receive 6 million dollars in dividends tomorrow bringing the year to 40 million in total disbursements. John D Rockefeller holds about a quarter of the stock and will get 10 million dollars. The business has fallen off recently but net profits exceed dividend requirements twice over. Rockefeller's equity in profits has run at over 20 million dollars a year for five or six years.
The White Star liner Canopie carried 565 passengers from Boston yesterday heading to Mediterranean ports as the travel season winds down. Among first cabin travelers were Mr. and Mrs. D. A. Norton and daughter Miss G. M. Smith of Cambridge, Rev. H. F. Allen of Nahant, Mr. and Mrs. K. D. Lockwood, and several other parties from various cities.
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