Public Service Commission Approves West Pind Street Bond Issues
The Public Service Commission approves two West Pind Street Railway bonds of 1 581 000 and 815 000 payable within three years at up to 5 1 2 percent interest. The 1 581 000 issue refinances a one year 5 percent note due Aug 1 and the 815 000 refinances a 20 year issue due May 1. Drexel Co. announces Lehigh Valley Railroad mortgage 412 percent bonds offered at 101 and interest totaling 10 697 000 sold to the public.
MENTIONED IN THIS ARTICLE
The
Public Service Commission
West Pind Street Railway Company
Drexel & Co
Lehigh Valley Railroad General Consolidated
Dividend notices from United States Smelting Refining & Mining Co
The directors declare a quarterly dividend of 1 87% cents per share on Preferred Capital Stock and 2 percent one dollar per share on Common Capital Stock payable April 15 1916 to stockholders of record at close of business April F W Batchel der treasurer
MENTIONED IN THIS ARTICLE
United States Smelting, Refining & Mining Company
Jacksonville Traction declares preferred dividend No 21
Jacksonville Traction Company of Jacksonville Florida declares a quarterly dividend of seventy five cents per share on its preferred stock payable May 1 1916 to stockholders of record at close of business April 15 1916. Stone Webster transfer agents. Office of Lanston Monotype Machine Company Philadelphia Pa. Board also declares a dividend of 1 percent on ca stock payable May 22 1916 to stockholders of record at close of business May 22 1916.
MENTIONED IN THIS ARTICLE
Messrs. J. P. Morgan & Company
Wall Street
New York City
Jacksonville
Traction Company
Stone & Webster
Lanston Monotype Machine Company
Philadelphia
J. Ballers Bandrosy
Money Markets and Exchange Rates Reported
Current quotations show call loans at 3 percent both for brokers and outside customers. Commercial paper 3 to 4 percent, year money 4 1 2 percent, agricultural paper 90 to 180 days. New York funds and Sub-Treasury balances noted, with foreign exchange steady for sterling and easier for francs. Sterling cables at 4.77 and demand 4.76, while France at 6.00, marks 7 1 4, guilders 4 1 4, lire 6 5 8.
MENTIONED IN THIS ARTICLE
New York
Nce
Federal Reserve Bank
Wandeavab Saas
Clearing House
Ee Ee Ee
Boston
TOTO
Treasury
Ciara Ae
France
New York Stock Exchange Prices and Comparisons
New York, April 7. Following are the high, low and closing prices at the New York Stock Exchange with comparisons to the previous close.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Boston Curb Trading Shows Mixed, Little Price Change
Active curb trading in Boston with no major price shifts. National Zinc held firm, Champion Copper unchanged, United Verde fell to 25.84, and Aetna Explosives dropped. Truro Steel rose to 3, while Mojave Tanasben and other issues advanced small amounts. Several cent issues saw notable gains and losses.
MENTIONED IN THIS ARTICLE
Champion Copper
United Verde
Aetna Explosives
Truro Steel
Mojave Tanasben
Bohemia
New Baltic
Miami
Begole
Boston & Corbin
Oneco
Market Upset by German Crisis Continues Copper Slump
Copper shares faltered as German crisis nerves shook confidence in a potential copper boom. Large government copper orders surfaced amid war fears, while Allis-Chalmers and American Can showed earnings gains and steady dividends.
Rock Island Reorganization Plan Proposed by Amster Committee
The Amster protective committee backs a Rock Island plan issuing 25 million of 8 percent preferred shares or 8 percent 30 year debenture income bonds. Stockholders may subscribe up to 33 par of their current shares. Proceeds pay off short term debts and raise 8.3 million cash. The plan effectively assesses 20 per share with new securities and cash for future needs. Also noted are government crop stats showing winter wheat in worst condition on record as of April 1 and a large decline in planted area, with projected output under 100 million bushels, while cotton acreage is expected to rise though still below five-year averages.
MENTIONED IN THIS ARTICLE
Hayden, Stone & Company
International Mercantile Marine
Amster Protective Committee
Rock Island
Metropolitan Trust Company Reports Record Deposits
The Metropolitan Trust Company announced a new high in deposits yesterday, now exceeding $4.1 million, up more than $700,000 in the last four months.
MENTIONED IN THIS ARTICLE
Metropolitan
Metropolitan Trust Company
Market totals and top gains in New York and Boston
Total sales yesterday were 586,952 shares in New York and 66,441 shares in Boston. Mercantile Marine pref led in New York with 58,300 shares and U S Smelting led in Boston with 13,059. Cumulative to date for 1916 shows New York 46,380,909 shares and Boston 3,741,700 shares. last year at this date New York 19,889,600 and Boston 2,104,473. Pett-Mull rose 5 to 55 in New York. Bethlehem Steel fell 15 to 479. Mississippi River Power rose 1 to 16 in Boston. United Fruit fell 2 to 147.
MENTIONED IN THIS ARTICLE
New York
Boston
Mercantile Marine Pref
U. S
Pett-Mull
Bethlehem Steel
Mississippi River Power
United Fruit
Wall Street Ends Mixed as Rumors Hit Markets
In New York trading April 7 rumors about U S relations with Berlin sparked heavy selling in most stocks. The total 610000 shares saw declines in many majors with some rallies late. United States Steel and Bethlehem Steel showed notable moves amid a broad selloff and a weaker Paris exchange. Bonds remained heavy with total par value sales around 4.135 million.
MENTIONED IN THIS ARTICLE
New York
Washington
Berlin
Mercantile Marines
Crucible Steel
United States Industrial Alcohol
Mexican Petroleum
American Zinc
Baldwin Locomotive
American Locomotive
Goodrich
United States
Zinc
United States Steel
Bethlehem Steel
New York Central
Canadian Pacific
Union
Southern Pacifics
New Haven
Maryland
Reading
Norfolk & Western
Paris
Verdun
Copper boom cools as market reacts to war fears
Boston traders saw copper shares wobble as Germany’s actions raised fear of a break in relations. United States Smelting rose to 73 while American Zinc neared a new high, yet overall market prices weakened amid profit taking and a massive copper sale rumor. Quicksilver slumped from 300 to about 155 per unit.
MENTIONED IN THIS ARTICLE
Boston
Germany
United States
Keweenaw
Boston Stocks High Low And Last Prices Report
The Boston Stock Exchange lists daily bond and stock prices with highs lows and last traded values. The report compares current figures to the previous close for context.
Springfield Body Corp Secures Major Convertible Bodies Order
The Springfield Body Corporation confirms a large order for convertible bodies from a major automobile company. The firm reports over 1,000,000 dollars in unfilled orders, signaling strong demand and ongoing production commitments.
MENTIONED IN THIS ARTICLE
Springfield Body Corporation
Stock Exchange Rules Allow Trading on Issued Securities When Issued
Boston Stock Exchange adopts rule allowing securities to be dealt as when issued after directors recommend new issues and if listed securities exist and at least ten governing committee members approve. Utah Securities shows a year end surplus of 987 659 on 30 000 900 stock with 1 309 657 profit from note redemptions. Arkansas Light & Power reports 107 979 net for year ending January 1916, up 29 percent from prior year. February year shows 108 126 net, up 25 percent. Allis-Chalmers war orders run about 1.5 million gross monthly. Braden Copper March output 6 406 000 pounds, a new high after February 2 842 000 and January 4 656 000 due to fuel vessel shortages. Gulf States Steel earns about 160 000 in March, about 400 000 for Q1 1916 after depreciation.
MENTIONED IN THIS ARTICLE
Alaska
Juneau
Car & F
Hide& L
Reese
Io Pf
Beth Steel
Brklyn Raper
Brown Shoe Co
Brunswic
Bush Terminal
Oeneee
Butte & Superior
Butterick
Cal Posutee
Can Pacific
Ches & Ohio
Denver & Rio Gs
Denv & Rio G
Erie
Gen Motor
Yo Goodrich Bis Co
Granby Ee
Gt Nor Pf Ween Ewe
Greene-Canan
Gug'h’m Ex Co
Eek Ors
Interboro Con
Agr Corp Pt
Inter Mar Ct
Kelly-Spr
Kelly-Spr Tire Pf
Kennecott Cop
Laclede Gasaneeré
Lee Rub & Tets
Lehigh Val
Louis & Nash
Peeee Bi
Maxwel Motor
Maxwell A
Allis- Chalmers
Boston Stock Exchange
Utah Securities Corporation
The
Arkansas Light & Power Company
Braden Copper
Bond Market Activity Amid Broad Issue Strain
Dealers reported enlarged dealings with a strong tone in New York bonds. Notable issues included Anglo-French 58, Erie D convertibles, Detroit United 448, Distillers 5s, Mercantile Marine 4 15s, and N State 4s. Also listed were Pacific Coast and various railroad and utility issues, with three NYSE memberships changing hands at 61 000 each and a mixed metals output for Beth Steel.
MENTIONED IN THIS ARTICLE
Baltimore & Ohio
St. Paul
Erie D
Detroit United
Distillers
Mercantile Marine
New York Stock Exchange
Dorchester Day Founder John A Fowle Buried
Funeral services were held yesterday for John Allen Fowle founder of Dorchester Day. He died early Wednesday on his 90th birthday at his home 664 Columbia Road. He was a member of the North Dorchester Improvement Society and the Dorchester Historical Society. He also belonged to the Dorchester Republican Club and served as president of the Mutual Improvement Society of the Pilgrim Church.
MENTIONED IN THIS ARTICLE
John Allen Fowle
Dorchester Day
Columbia Road
Fowle
North
Longshoremen Strike at Hoosac Docks Demands Pay Hike
A third strike by longshoremen this week began at Hoosac docks Charlestown when 150 Ocean Steamship Company workers quit demanding higher wages. The action follows successful wage gains at Merchants & Miners and Metropolitan lines after brief strikes.
MENTIONED IN THIS ARTICLE
Hoosac Docks
Charlestown
Ocean Steamship Company
Merchants & Miners and Metropolitan Line
Former Quincy postmaster Warren Adams dies at 71
Warren W. Adams, 71, former Quincy postmaster and longtime chairman of the Quincy Board of Assessors, died yesterday at Haymarket Square Relief Station after a heart shock. Funeral services will be held at his home, 24 Greenleaf Street, Quincy, at 2 30 o clock Monday afternoon.
MENTIONED IN THIS ARTICLE
Warren W. Adams
Quincy
Quincy Board of Assessors
Haymarket Square
Greenleaf Street
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Guaranty Trust Company of
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Broadway
Bond Registrar
Popular Press
Brandeis
Lawson
Boston News Bureau
Louisiana
Boston Curb Exchange
Parmelee & Company, Inc
State Street
Main
Harry E. Jacobs & Co
Devonshire St. Fort Hill
Edmond A. Fordyce & Co
Mining Investments
Congress Street
United States Smelting Refining & Mining Co
F. W. Batchelder
Jacksonville Traction Company
Jacksonville, Florida
Money Markets
Na En & Bt
Eeee Eee
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Nor Pacific Seereeetes
Pacific Mail
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Philadel Co
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Ry St Spring
Third Ave
Underwood
Unio Ag
United I Fruit
Rys Iny Henner
Ip&f
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Woolworth Oe
Woolworth Pf
Aetna Explo
Serene Rene
Bay State Gas
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Butte& NY
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Rat National
Fortuna
Nixon
Oneco Mining
Onon Avis
Stewart
Sussex
Anaconda
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London
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American Can Company
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Sronceess
Iyuluth
St. Louis
Toledo
DUNNE
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E Cot
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Financial News Notes
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Als
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Rtesy
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Shea
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Haere Nibo
Bovecae
Mer Marine
Col
Trust Co
Cfs Eee
Boeken
Nice
Arle BS
My Bic
Owa Central
Cores & M
Kan City
I. Lack
Leé
Lex
L&n
L&n Co
Mex
West
Aceveee Jusmr Penn
Peoria
Pitts Co & T
Republic
Ted
Ani iRio
Stl& Sps
Stl& SP
Just Co
Serres
4A Trust Co
Avis
Geab
Pacific Rfp
So Pacifica
Eure Eeeeee
Wevurer
Union Pao Cvt A
Ibash
Ieaee
Stock Exchange
Cuba
Bevares NY
Fa di Indubeiel
Eae
Midland
del & H
Norf & W
North Pacific
Sean
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