Market Summary of Yesterday and Year-to-Date
Total sales yesterday show New York at 233800 shares and Boston at 29593. Reading tops New York’s active list at 38200 shares while Old Colony Mining leads Boston with 3315 shares. Year to date totals: New York 89980700 and Boston 8500898 shares. Major gains include Federal Mining & Smelting in New York and American Piano in Boston. notable losses involve N Y C & St L pref in New York and Old Colony R A in Boston. Call money stands at 5 percent in New York and 5 to 6 percent in Boston. Money rates across markets show New York 5 1 4 to 5 3 4 and Boston 5 1 2 to 6 percent.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Old Colony Mining
Federal Mining & Smelting
St. L
Old Colony
John F. Campbell
Arizona
Arivaca
Oro Blanca
Campbell
Tucson-Nogales
Arivaca Junction
Tom Reed
Gold Roads
Rich Edith May vein found on 2800 level at Butte site
Private wire reports the Edith May vein discovered on the 2800 level, said to be rich and meet expectations, a result viewed as paramount for North Butte Company. Other notes include record copper output for Utah Copper and rising shipments from Isle Royale.
MENTIONED IN THIS ARTICLE
Butte
Paine, Webber & Co
Edith May
North Butte Company
Directors of PAN announce dividend payable Tuesday
A meeting of the board of PAN reports a scheduled dividend payment. Shareholders of record at the close of business on Sept. 1 will be eligible to receive the distribution. Frederic Stanay Tol remains mentioned in the notices.
MENTIONED IN THIS ARTICLE
PAN
Frederic Stan
Wall Street Steady after Light Weekly Bank Gains and London Gold
Last week's bank reserves improved with a $750,000 London gold engagement, the first in over two years, helping keep the market fairly steady though dull. Optimism from railroad executives and Western freight metrics met firmer money markets, as call loans rose to 5 1 2 percent and gold import noted as a special transaction.
MENTIONED IN THIS ARTICLE
New York
London
Harriman and Pennsylvania Railroad
Systems
Western Freight
China
People’s Gas
St. Paul
Great Northern
Northern Pacific
Lehigh Valley
Reading
Union Pacific
United States
Local Market Sees Mixed Activity On Boston Exchange
The Boston market shows a familiar pattern with few buyers and many sellers. Copper stocks attract the only sustained interest as operators push aggressive bets while public interest remains tepid. Ahmeek’s dividend increase to six dollars quarterly draws favorable responses.
MENTIONED IN THIS ARTICLE
Boston
New Stock Exchange
Butte & Superior
Chino
Ola Colony
Pond Creek Coal
Greene Cahanea
North Butte
Ahmeek
Smokey Development Leads Local Curb Exchange Trading
Smokey Development served as the principal feature on the local curb exchange yesterday with many other issues active. Names such as Houghton Copper Corbin Copper Bingham Miner Mexican Metals La Rose Calaveras Alaska Gold Lion Hill Raven Bly Consolidated and Butte London appeared with irregular prices.
MENTIONED IN THIS ARTICLE
Smokey Development
Houghton Copper
Corbin Copper
Bingham Miner
Mexican Metals
la Rose
Calaveras
Alaska Gold
Lion Hill
Raven
Bly Consolidated
Butte & London
Seles
Bond Market Reports Broad Activity in New York
In New York trading Du Pont Powder 44s were in fair demand and Chino Copper 6s rose to a new level. The report covers interest in various securities, money rates, call money at 5 percent, time money near 5.25 percent for short dates, and bank clearings for Boston and New York with figures for the week and year.
MENTIONED IN THIS ARTICLE
du Pont
Chino
New York
Boston Clearings
Boston
Pale Bankers
Sterling
Ccceceseee Oe
France
Nearssasene
Csenteee
Local Bank Statement Compared With Decades of Reserves
The weekly local bank statement analyzes current figures against last week and shows surplus reserves for the same periods over the past ten years in Boston and New York. It highlights changes in deposits, loans, and liquidity and notes long term reserve trends.
MENTIONED IN THIS ARTICLE
Boston
New York
Ageereen
York
Grain Markets Move Amid Small Shifts and Mixed Futures
An inactive market showed limited gains and losses across wheat and corn while receipts and visible supply figures fluctuated. Northwest wheat receipts reached 2311 cars, with Liverpool and Paris futures edging higher in international markets. United States wheat visible supplies rose by 3,989,000 versus last year as corn and oats posted notable gains.
MENTIONED IN THIS ARTICLE
Liverpool
Paris
Antwerp
Berlin
Budapest
Minneapolis
Duluth
Chicago
United States
Philadelphia Market Ex dividend and stock notes summary
Market update notes ex dividend status for Philadelphia securities with prices and percent changes. Mentions Co ok 8 f 44 do p PhE 17.50p 23% and various rail and utility shares with percentages like 28% 18 and 48.83 86. Includes references to Int Rys Gol and Wells collections 63% 94% in brief broker notes.
MENTIONED IN THIS ARTICLE
Mrt Phila . Co
Gold Imports By Goldman Sachs Boost Money Market
The importation of $750 000 in gold by Goldman Sachs Co dominated yesterday's money market. Demand for funds for 60 to 90 day maturities improved slightly while rates held steady from Saturday. The absence of heavy speculative stock buying reinforces banking conditions.
MENTIONED IN THIS ARTICLE
Goldman, Sachs & Co
Cotton Markets Slump Amid Stormless Week Opening Losses
Cotton prices opened six to ten points lower and fell about ten points from Saturday’s close. Bearish ring action boosted by dealers, with Liverpool and continental buyers taking positions. The market closed weak, near the day’s low but two points above it.
MENTIONED IN THIS ARTICLE
Liverpool
Metal market notes show steadier tone and firm tin gains
At the Metal Exchange a steadier tone emerged with copper slightly higher in asking prices. Tin rose about 38-8c. electrolytic and other metals quoted with ranges for October and November contracts. London closing values show copper spot and futures down modestly, tin up, lead up slightly, and spelter advancing.
MENTIONED IN THIS ARTICLE
Read
Cookson’s
Northern
Southern
London
Dividends Declared by Mining and Utility Firms
Ahmeek Mining, M. Rumiley Co, Buffalo General Electric, North Butte Mining, Champion Copper, and Philadelphia Traction announce quarterly or semi annual dividends with payment dates from September to October. Record dates include September 17, 20, and October 4. Interims include Champion Copper at $1 and acquisitions vary by company.
MENTIONED IN THIS ARTICLE
Ahmeek Mining Co
M. Rumiley Co
Buffalo General Electric Co
North Butte Mining Co
Champion Copper Co
Philadelphia Traction Co
Bond Market Notes From Various Cities
Essex County Mass awards a 180000 dollar temporary loan to Central National Bank of Lynn at 4.5 percent discount. San Francisco Gas & Electric calls for payment of 100000 dollar general mortgage bonds at 1 percent interest. Winthrop Mass awards 25000 dollar loan to First Ward National Bank at 4.75 percent discount. Norwalk Conn mayor seeks bids on 225000 dollar water bonds with interest rate to be set by bidders. Montreal Protestant School Commissioners seek 500000 dollar 4 percent debentures guaranteed by the city. tenders from N W Harris Boston New York 90.79, Royal Securities Montreal 90.70, Hanson Brothers Montreal 89.01, City District Savings Bank Montreal 92.88 for 100000. A special committee may raise issue to 1000000.
MENTIONED IN THIS ARTICLE
Essex County
Mass
Central National Bank of
Lynn
Winthrop
First Ward National Bank of
East Boston
Norwalk
Conn
Montreal
N. W. Harris & Co
Boston
New York
Royal Securities Corporation
Hanson Brothers
City & District Savings Bank
Calendar for today shows ex dividends and meetings
Ex-dividend notes for International Silver pfd Sloss Sheffield Steel and Iron pfd United Shoe Machinery com and pfd American Brake Shoe and Foundry pfd Du Pont de Nemours com stock Opens meeting listings for Comstock Tunnel with meetings in Minneapolis St Paul Sault Ste Marie Virginia Iron Coal and Coke locations.
MENTIONED IN THIS ARTICLE
International Silver
Sloss-Sheffield Steel & Iron
United Shoe Machinery. Com
American Brake Shoe & Foundry
du Pont de Nemours
Comstock Tunnel
Minneapolis, St.Paul
S. S. Marie
Virginia Iron, Coal & Coke
Market optimism clashes with bears in late August bond news
Presidents Lovett of Union Pacific and McCrea of Pennsylvanian are quoted as upbeat about big business. The market shows bears earning more last month, amid high money rates that slow municipal bond issues. Boston plans a bond issue but hesitates due to rates with Massachusetts towns selling $678000 in August.
MENTIONED IN THIS ARTICLE
Lovett
Union Pacific
McCrea
Pennsylvania
Bears
Boston
Massachusetts
Brookline
Melrose
Also Mentioned on This Page
WM. A. Read & CO
Congress Street
Public Utility Company
Richardson, Hill &Co
Congress St
Light Trading
Judge Lovett
Harriman Lines
President McCrea
Utah
Isle Royale
Thompson, Towle & Co
Calumet & Arizona
Sss
New York Stock Exchange
Kresge Company
8 National Car Company
Canadian Pacific Railway
Wabash
Scc
At& SF
AT & SF
Or & Weat
Boston Stocks
Ag Amalgamated
Geo Ry & Elpf
Greene
Maine Central
Nevada
Pond Creek
South
USS Spreene
Tah Consol
Eevee
Tah Co
GAY
West Eens
Wolverine
Pen
Hee Ous Aleons
Hie Hns
Lowell
Quincy
Chicopee
Sharon
Arlington
Wellesley
Attleboro
Cambridge
Georgetown
Easthampton
New Bedford
East Bridgewater
North Attleboro
West & South
District of Acton
Federal Street
Bay St Gas
Bingham Mines
Boston Ely
Butte Cent
Butte & Son
Calaveras Ainak Pa
BO Chief
Corbi Enereese
Germany
la Rore
Majestic
Oneco
London Market
Hiast
Marconi
Allied Perce
Bay State Gas
Paso
Ely Consolaneee
Giroux
Greene Cananea
Fankat
Enna
Manbat Transit
McKinley Car
Nevada Hilla
Ohio
Penn Textile
Stewart
Belmont
Pxt
United Pper Rene
Wettlaufer
Peeetes
Rio Grande
Erie
Atlanta
Dome
Blue Bull
O'Brien
Pearl Lake
Jim Butler
North Star
Crown Pt
Chamber
King Wa
Manoa Alta Ap
North’np
Recin
UN Tintio
Ictoria
Wilbert
Dobie Yorringt
HS & M Pf
Rys Street
Com Tdoe
Idmqs
Am_ Co
Digget
Mil
NH & H
Ini
CRI & P Ae
CRI& P
Eevee Central
Ie Nix
Reg Ween
Bates
Alig-Chalmera 58 Trust Co
Derbor
R& Co Ren
T & SF
Stock Exchange
Bey Ae
Cuba
Norf & W
Ioete Passic
Nyc
S Corp
Pacific T & T
Pont “de Rl
Pitts CC & St
Wiv
Senate
Car & N
Pacific
JPM & Co Etfe
Orissa
Indiana Steel
JPM & Co
Tae Ey
Chea
Ogal
Ches & O
St. Lou
Toledo
Tee i
Philadelphia Market
el St Bat
LO & N
Money Markets
St. Croix Paper Company
OLD Colony Trust Company
Messrs. Niles & Niles
Certified Public Accountants
Kidder, Peabody & CO
Devonshire Street
Wall Street
State Street
Broad Street
CION
Jan Mar
Sdseeekaian
Metal Markets
San Francisco Gas & Electric Company
Union Trust Company of
San Francisco
Europe