Investors weigh American Sugar and other preferreds
A reader asks about American Sugar preferred as an investment. American Sugar preferred is described as high-grade with a 7 percent dividend paid since 1891 and strong net assets per share. American Locomotive preferred is seen as fair but not top class with a history of earnings volatility and a 7 percent dividend likely to continue. Shepard Manufacturing 7 percent preferred is rated well secured with ten years of 15 percent earnings on the preferred for a $200,000 capital structure. Market review notes cautious outlook with potential rail rate changes and upcoming data on crops, copper, steel, and bank reserves shaping a tentative bounce in a stagnant market.
MENTIONED IN THIS ARTICLE
Peabody
Shepard Manufacturing Co
Steel Corporation
Answers to Inquiries in the Boston Post Finance Column
The Boston Post announces Monday inquiries about listed and unlisted stocks and bonds of New England industrials utilities banks and mills. Replies will be impartial and sourced but not guarantee accuracy or market forecasts. Inquiries must cover one subject with full name and address and be sent to the financial editor.
MENTIONED IN THIS ARTICLE
Boston Post
New England
Post
Inquirer
Boston
Mass
New England guaranteed stocks show wide price gaps
An expert explains that guaranteed dividends depend on the guarantor’s ability to pay. Concord & Montreal and Manchester & Lawrence are guaranteed by the Boston & Maine, risking dividend cuts, while Old Colony and Boston & Providence are guaranteed by the New Haven, whose earnings may support the guarantees. The latter are heavier traffic roads, making guarantees easier to sustain.
MENTIONED IN THIS ARTICLE
New England
Concord & Montreal
Old Colony
Manchester & Lawrence
Boston & Providence
247. Co. L
Boston & Maine
New Haven
Concord Montreal
Richardson Hill & Co Enlarges Quarters at State Mutual
Richardson Hill and Co occupy enlarged quarters at 50 Congress street now taking half the first floor of the State Mutual building. The bond department, tellers, stock clerks and some private offices move into the new space formerly used by Thompson Towle & Co as demand grows.
MENTIONED IN THIS ARTICLE
Richardson, Hill & Co
Congress Street
State Mutual
Thompson, Towle & Co
Bond Department
Bankers Occupy New Offices in Boston Building
Hooper, Kimball and Williams relocate to the Monks Building at 35 Congress Street Boston occupying new offices. The move signals expansion for the bank group as they establish a larger base in the city.
MENTIONED IN THIS ARTICLE
Hooper, Kimball & Williams
Congress Street
Boston
Investment Offerings From The Boston Post Monday Listing
A weekly feature presents select current offerings from major bankers. Chicago City Railway Co First Mortgage 5% Gold Bonds dated 1907 due 1927 with mortgage security and 5% yield. City of Richmond Virginia 4% bonds due 1948 with strong tax advantages. Montreal 40 year 4 1/2% bonds due 1954. Cumberland County Power & Light First Mortgage 5% bonds due 1942 in Portland Maine. Detroit River Tunnel Co 4 3/4% bonds due 1961 backed by entire Detroit tunnel and Union station. Dominion Glass 6% gold bonds due 1933 with sinking fund. Portsmouth NH Gas 5% bonds due 1931 with callable features and 5.15% yield.
MENTIONED IN THIS ARTICLE
Chicago City Railway Co
City of Chicago
Chicago Stock Exchange
Richmond
Virginia
Montreal
Canada
Cumberland County Power& Light Company
Portland
Maine
Maine Central Railroad
Maine Savings Banks
Detroit River Tunnel Co
Detroit Terminal
Michigan Central R. A. Co
New Hampshire
Rhode Island
Massachusetts
New York Stock Exchange
Detroit River
Detroit
Union
New York Central System
Dominion Glass Co., Ltd
Othier
Portsmouth
N. H
New England
Local Granite for Dry Dock and Real Estate Bonds
A Boston exchange urges Massachusetts granite for a new dry dock, claiming benefits for local industry and jobs. It discusses financing options, stressing the safety of first mortgage bonds versus pooled second mortgages and the need for skilled management to protect bondholders.
MENTIONED IN THIS ARTICLE
The
Massachusetts Real Estate Exchange
Massachusetts
Boston
Exchange
Walsh
the Exchange
Austria Massing Army on Russian Frontier
A Kiev despatch to the Novoe Vremya reports a great concentration of Austrian troops near the Russian frontier. Drilling and maneuvering are underway.
MENTIONED IN THIS ARTICLE
Austria
ST. Petersburg
Kiev
Novoe Vremya
Comparative values of real estate bonds
A New York Real Estate Board push for first mortgage real estate bonds prompts banker commentary. He contrasts two theories: standalone first mortgage issues secured by specific properties versus blanket style bonds backed by a group of unrelated properties and the issuer. The banker notes the almost automatic earning power of these securities.
MENTIONED IN THIS ARTICLE
New York Real Estate Board
Walsh Defers State Transfer of Boston & Maine Rights
Governor Walsh refuses to send a message to the Legislature transferring the Boston & Maine rights to the five trustees while awaiting stockholder action on the DOJ New Haven agreement. He cites potential amendments, court challenges, and financial influences, and notes distrust among state officials and private interests.
MENTIONED IN THIS ARTICLE
Boston & Maine
Walsh
Boston
New Haven Road
Federal Department of Justice
McReynolds
New Haven
Massachusetts
Maine Central
New England
Massachusett
James L. Doherty
Springfield
Doherty
Knowlton
Department of Justice
Anderson
Public Service Commission
Washington
Westboro Insane Hospital
Also Mentioned on This Page
Brown Brothers & CO
State Street
New York
Philadelphia
London
Boston Investors
Aurrican Real Estate Company
Beacon Street
Everett A. White
Hodgdon, Cashman & Co
State St
Panama Canal
United States
Pacific
Atlantic
Western Canada
N.B. Stark & Co
Congress St
Toronto
Lynn. G. M. F
American Locomotive Preferred
J. M. Y. Boston
Review and Outlook
Eastern
Commerce Commission
Commission
New England Guaranteed Railroad
American Public Utilities Company
H. A. Zeennebunkport
Delaware
Middle West
New Quarters
Bankers
East
West
Chicago
Wall Street
Savings Bank
Marshall & Company
Real Estate Exchange
Kansas City, Clay County & St. Joseph Railway
New York City
Equitable Trust Company
J. F. Downing
Public Service Commission of
Missouri
Philip L. Saltonstall
Kansas City, Clay County
Kansas City
St. Joseph
Excelsior Springs
Clay County
N. W. Harris & Co Incorporated
Federal St
E. H. Rollins & Sons
Devonshire Street
Robert L. Norton
Maine Central Sale
Public Service
Tewksbury
All Aged
Board of Gustees
Iid
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