Pere Marquette Receivership Sparks Investor Scrutiny
An impartial review explains the Pere Marquette is in receivership after the Michigan Railroad Commission refused a $4 million bond issue. It details over capitalization, rising deficits, and weak net earnings despite growing gross receipts, with three protective committees formed for debenture and stockholders as investors weigh the property’s value and future.
MENTIONED IN THIS ARTICLE
Pere Marquette Railroad
Railroad Commission
State of
Michigan
Pere Marquette
Michigan Railroad Commission
Pere Marquette Railroad Company
Indiana
Pere Marquette Railroad Company of
Chicago
Toledo
Buffalo
Detroit
Lansing
Grand Rapids
Saginaw
Bay City
Port Huron
U. S
United States
Pere Marqnette
Copper share shifts and Pere Marquette outlook
Local traders focused on Copper Producers Association data showing a half million pound surplus decline despite rising production and new copper prices. The Pere Marquette signals weakness with a looming 2 million deficit for 1912 and potential sale to a stronger system, while bonds and through traffic speculation shape the market outlook.
MENTIONED IN THIS ARTICLE
Copper Producers’ Association
Europe
Lake
Butte
Southwest
New Lake
New Arcadian
Granby
New York
Bonanza
Trinity
Pere Marquette
Canadian Pacific
Louisville Nashville Shares Lead Market Advances
Market summary shows Louisville & Nashville leading gains in New York with a rise from 51 4 to 1623 4 and U S Red & Ref pref slipping to 10. General Electric climbs in Boston from 3 3 8 to 172 3 8 while Amoskeag falls to 79. Call money sits at 3 1 2 percent in New York and 4 to 5 percent in Boston.
MENTIONED IN THIS ARTICLE
Otal
New York
Boston
Steel Common
New Arcadian
Louisville & Nashville
U. S. Red
General Electric
Amoskeag Mfg
Record Boom Shifts Stocks Higher Amid Large Volume
Traders push prices up with massive turnover as Louisville & Nashville hits a historic high at 163 and Reading nears peaks. Steel shows weakness but gains are absorbed. a new $40 million issue is anticipated. Copper and industrials gain while market sentiment debates a sustained bull run and future boom potential despite caution.
MENTIONED IN THIS ARTICLE
Stock Exchange
Bears
Louisville & Nashville
The
Steel Corporation
Dividend declarations from several companies announced
Minneapolis General Electric issues $2 common quarterly with May 1 payment and April 17 record date. Public Service Investment Company declares $1.50 preferred quarterly with May 9 payment and April 16 record. Ixerr Lake Mining Company sets quarter 1 dividend in cents with June 15 payment and June 1 record. United States Realty and Improvement Company declares 1 14 per cent quarterly with May 1 payment and April 20 record.
MENTIONED IN THIS ARTICLE
J. P. Morgan & Co
Cincinnati, Hamilton & Dayton Railroad Company
Chesapeake & Ohio
Canadian Pacific
Minneapolis General Electric Company
Public Service Investment Company
Ixerr Lake Mining Company
United States Realty & Improvnt Company
Also Mentioned on This Page
Massachusetts
Reed-Prentice Company
Massachusetts Corporation
Worcester
Mass
F. E. Reed Co
Prentice Brothers Co
Morgan
P. C. of
Gross FP
Serra Wearers
Eorernarere
Eretreseerere
Sen Eree Seer
Pere Marg
East
Canada
Mexico
Congress St. Worcester
Broad St
Springfield
Commonwealth Trust Co
Arthur P. Stone
Louisville, Nashville
William E. Soule
Telephone
Edison Electric
American Zinc
American
Copper Producers’ Statement
Paine, Webber & Co
Tayneh
Butte- Balaklava
Balaklava
Anaconda
Nevada
Utah
Trippe & Co
Greene Cananea
United Verde Extension
N. TL. Amster
Shannon and
Boston-Corbin
Eeee
Sub-Treasury
Bankers’ Sterling E. Eae
Udall
Eenes
Tae Skaeleak
Kidder, Peabody & CO
Devonshire Street
Wall Street
Baring Brothers & Co., Ltd
London
Turner, Tucker & Co
Greenfield Tap & Die Corporation
Wiley & Russell Manufacturing Company
Wells Brothers Company
Greenfield
Thompson, Towle & Co
Congress Street
Ophir
Salt Lake
Lion Hill
Ophir Hill
Senator Clark
Clit
Chloride Point
Ophir Milil
Cliff Mine
Greenfield Tap and Die Corporation
New Hampshire
Connecticut
Vermont
Greenfield, Mass
Connecticut River Valley
Frank O. Wells
Milk Street
Ellicott Square
Broadway
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