Pacific Mail Steamship Company A Century of Coastwise Control
An examination of the Pacific Mail Steamship Company reveals long standing coastwise operations on the Pacific, subsidized dock facilities in San Francisco, and ownership links to the Southern Pacific railroad. The firm, established in 1848, runs a fleet to China and the Americas, with no substantial bonds and a history of dividend suspensions while depreciation remains high.
MENTIONED IN THIS ARTICLE
The
Pacific Mail Steamship Company
New York
San Francisco
China
Hawaii
Philippines
Mexico
Central America
Panama
California
Pacific Mail
New England
New Haven
Southern Pacific
Nan- America
Market features and stock activity in early 1911 markets
The report notes Pacific Mail Steamship Company owed Southern Pacific 1 728 407 in 1903, later liquidated with no new loans. Steamers' book value reached 9 024 166 and debits brought total to 11 901 484. Daily market totals show New York 257 700 shares. Boston 37 949. Virginia I C C gains 8 percent. Wabash Btd drops 3 percent. United Fruit jumps 44 percent. Call money 4 4 to 5 percent.
MENTIONED IN THIS ARTICLE
Pacific Mail Steamship Company
Southern Pacific
New York
Boston
Steel Common
North Butte
Virginia I
Wabash Btd
United Fruit
St. Mary’s Land
Indiv & Cos
Indiv
Eee R Ee Eees Ener
Eeeseaes Ct
Copper stocks lead local market despite weakness elsewhere
The local market showed strength in copper shares with North Butte Live Oak Copper Range Old Dominion Inspiration Miami Calumet Arizona and Boston Corbin outperforming while Hancock Utah Copper lagged. Inside manipulation was cited for North Butte gains and Old Dominion and Copper Range were well bid on expectations of a higher dividend and potential future rate increases.
MENTIONED IN THIS ARTICLE
New York
North Butte
Live Oak
Copper Range
Old Dominion
Inspiration
Miami
Calumet & Arizona
Boston & Corbin
Hancock
Utah
Boston & Maine
Union
West End
Arizona Comeevee
Butte Coalition Ee
Sen
Cal & Pa
Eee
OFA Cal & Hecla
Centennial
Daly West
Franklin
la Salle
Nevada
Old Colony Eeene
Old Dominion Eeee
Osceola Eeees
Quincey
East
Boston
Tel & Tel
Cumberland Tel
Eng
Ceee
Edison Elec
Georgia
Texas
Seattle
Swift & Mika
United Fruit Eee
United Shoe
U S Steel
Algomah Eeeeese
Mason Valley
Utah Apex Oy
Pacific Mail Steamship Company Outlook and Congressional Subsidy Hope
The Pacific Mail Steamship Company shows over capitalization and weak current earnings though future gains are anticipated under Southern Pacific control. Prospects include rising Panama Canal trade and Asia growth, with a strong chance of a U S ship subsidy bill benefiting Pacific Mail as American shippers spend about 400,000,000 annually on foreign freight.
MENTIONED IN THIS ARTICLE
Pacific Mail Steamship Company
Southern Pacific
Panama Canal
Asia
China
Congress
Pacific Mail
United States
Dividends Declared by Major Companies
A list of quarterly and semi annual cash dividends declared by firms including Old Dominion Copper, Chicago Burlington & Quincy, Appleton, Atchison Topeka & Santa Fe, Twin City Rapid Transit, Texas Company, Producers Oil, International Rubber, American Can, and Lanston Monotype. Dates show payment, record dates, and percentages.
MENTIONED IN THIS ARTICLE
Old Dominion Copper Mining & Smelting Company of
New Jersey
Chicago, Burlington & Quincy Railway _Company
Appleton Company
Atchison, Topeka & Santa Fe Railway Company
Twin City Rapid Transit Company
Texas Company
Producers’ Oil Company
Old Dominion Company Receives Dividend Through Holding Shares
Current notes show the Old Dominion Company of Maine earns 155 246 dollars from ownership of 155 245 of 162 000 shares, a bit over 52 cents per share on 293 245 holding company shares. Ely Consolidated reports ore at 600 foot level identical to the 500 foot level. State Street mourns death of Joseph J. Oldfield, treasurer of American Trust Company, who died suddenly from pneumonia. A Dec 3 Post dividend error notes Associated Trust declared 2 percent, not 1 percent.
MENTIONED IN THIS ARTICLE
Old Dominion Company of Maine
Ely Consolidated
Ely
State Street
Joseph J. Oldfield
The
American Trust Company
Associated Trust Company
Eastern Tab Co
Eastern Tale Company
State Street Trust Company
the Post
Market Steady After President's Message Despite Wabash Breaks
Financial activity remained stagnant after the President's message with small price changes and a net minor loss across 20 railroad stocks. Wabash led the day with sharp declines while Union Pacific links and Kuhn Loeb influence fueled speculation on future control and traffic affiliations. Banks faced a reserve deficit for the first time since 1907 as call money rose to 6 percent, sparking talk among traders.
MENTIONED IN THIS ARTICLE
Wabash Securities
Kuhn, Loeb & Co
Union Pacific
Wabash
New York Associated Banks
Boston Curb Market Leaders In Coal Trading
Rhode Island Coal led yesterday's curb market trading with price swings from 11 2 to 15 8. Bay State Gas Cactus Porcupine Northern Nevada Douglas and Corbin Copper were other notable features with detailed figures provided.
MENTIONED IN THIS ARTICLE
Rhode Island
Bay State Gas
Cactus
Porcupine Northern
Nevada
Douglas
Corbin
Bohemia
Butte Central
Kruger
la Rose
Laramie A
Majestic
Utah
Ohio
Ray Ceareet
South Lake
Bond Market Notes Rockingham County NH Bonds Sold
Rockingham county New Hampshire awards 20000 four percent jail bonds dated December 1 1911 and maturing 5000 annually 1922 to 1925 inclusive to N W Harris Co at 100 267 Waltham Massachusetts will receive bids for a temporary 25000 loan maturing April 12 1912
MENTIONED IN THIS ARTICLE
Rockingham County
New Hampshire
N. W. Harris & Co
Waltham
Mass
Calendar for Today Books Close Railway Steel Spring
Today’s calendar notes books close for the Railway Steel Spring preferred. No further names or dates are provided in the readable text.
Drama League Hears On French Opera at Boston Opera House
Henry L. Gideon spoke on French Opera Since Faust at the Boston Opera House with examples from Debussy and Charpentier. Miss Scotti and Miss DeCourcy sang from Thais Louise Mignon and Thais as the crowd filled the theater. Madame Simone to speak at Plymouth Theatre next Tuesday on French Ideals and Acting methods.
MENTIONED IN THIS ARTICLE
Drama League
Boston Opera House
Henry L. Gideon
Gideon
Debussy
Charpentier
Miss Scotti
Thais
Louise
Miss DeCourcy
Desert
Plymouth Theatre
Simone
Winstead $10 gold piece left undisturbed for years
In Winstead Connecticut a $10 gold piece placed in a boulder crack by Highland Lake has not been touched in two years. An estimated 100000 people have passed by the coin, including many summer visitors from New York.
MENTIONED IN THIS ARTICLE
Wakefield Boulevard
Highland Lake
New York
Superintendent Resigns to Lead Westfield School System
James McDougall, longtime superintendent at Portsmith district, resigns to take the same post at Westfield, Massachusetts, effective next January. Limited readable text confirms the move and location change.
Wabash Road Reorganization Planned In New York
Financial readjustment and reorganization of the Wabash railroad was decided at a directors meeting. Winslow S. Pierce returns as chairman aided by new board members Edwin Hawley and Robert Goelet with Alvin W. Krech of Equitable Trust. Kuhn Loeb & Co. named syndicate managers for the debt notes. Recievership is not expected but not yet settled.
MENTIONED IN THIS ARTICLE
New York
Wasbash Railroad
Wheeling and
Lake Erie-Wabash
Wabash
Winslow S. Pierce
Wabash Board
Grand Trunk Plans Woonsocket Terminal in Providence
Grand Trunk railroad filed in Superior Court in Providence plans to locate a Woonsocket branch terminal and freight yards in the city core. Traffic men see the move as significant following New Haven’s freight-station shift, with a passenger station likely on the main line in the northern city.
MENTIONED IN THIS ARTICLE
Providence
R. I
Grand Trunk Railway
Woonsocket
New Haven Railroad
Grand Trunk
Madagascar schooner reefed off Duxbury Bay harbor fall
The two masted lumber schooner Madagascar with Captain William Robinson from Calais Maine ran ashore on Brown's Island in Duxbury Bay while beating against a gale. Four crewmen were saved by the Garnet life saving station as waves broke over the vessel. It is the Madagascar’s second mishap after a prior grounding near Stonington a week out.
MENTIONED IN THIS ARTICLE
Madagascar
William Robinson
Calais
Brown's Island
Duxbury Bay
Garnet
Maine
Stonington
Cap Robinson
Holy Ghosters to Face Grand Jury in Sandford Case
The Shiloh yacht Barracouta docked in Portland as 15 Holy Ghosters aboard were expected to testify before the grand jury in the U S court. They join witnesses in the Sandford death case linked to the Coronet and Kingdom cruise. The group, including several women, plans to live aboard the yacht during the proceedings.
MENTIONED IN THIS ARTICLE
Holy Ghosters
Grand Jury
Portland
Holy Ghost and
Us Society
Grand
United States
Frank W. Sandford
Coronet
Kingdom
Shiloh
Barracouta
South Freeport
Mayor Irving L. Merrill of Auburn Dies After Illness
Auburn Maine December 5 Mayor Irving L Merrill died today after two months with heart trouble He served as mayor for four years and earlier as an alderman A Republican he attended the October city meeting He was born in Raymond in 1864 He held various Masonry offices and leaves a widow and a son Clyde Merrill
MENTIONED IN THIS ARTICLE
Auburn
Irving L. Merrill
Merrill
Raymond
Knights Templar
Tie
Clyde Merrill
Navy Minister Hazen to Plan Canadian Fleet in England
Ottawa Ontario December 5 Minister of the Navy Hazen will depart for England soon after Christmas to confer with Admiralty authorities on Canada's naval programme The Borden government has dropped Laurier plans for a fleet of four cruisers and six destroyers Upon Hazen's return the programme may be submitted to a plebiscite The Ottawa briefing notes the shift in policy and possible vote
MENTIONED IN THIS ARTICLE
England
Ottawa
Ont
Hazen
Admiralty
Canada
Borden
Laurier
Hazeén
Also Mentioned on This Page
Chicago
Pacific
Pacific Seaboard
Atlantic Seaboard
Pacific States
Cunard
Santo
US Pacific Mail
Harriman
P. C. Op
P. C
Ee Ewes
Boston Clearings
Eseereesesees
Eeeseeenes
Ererereereeserseee
Ask
Ch & S L
NH & H
Nor Pac
Nor & Wes
Pac
Pitts Coal
Pullman
Sears Roebuck
Sl&sf
Tenn Copper
Texas Pacific
Texas Land Tr
the Texas Co
Su& W
Twin City
USC Va
West Maryland
West Union
Ghandler Bros & Go
Milk St
New York Stock Exchange
Failadelphia Stock Chan
New ¢Thor
K CO M & B
N & Cot Yn Bs
USS Steel
West T & T
Atchison
Boston & Alban
William. E. Soule
Am &T
East Ohio
Seereee Oy
Goldfield Cou
Ill Central Sf
Inter-Met
Lehigh Valley
Louis Nash
NEW York Bonds
Ghandler Bros
Milk Street
Boston, Mass
Bt A
Ann Arbor
AT &S
Atl Knox & Cin
Atl & Birm
Atl & Line
Balt & Ohio Pr Ley
Beth Steel Os
Con
GL & Coke
M& SP Hg Ae
Chic & NW
Col & Southern
del & Studson
den & R
Erie
Trock Valley
Louis & Nash
Nat Enam & St
Nassau Elee
Nygelh&p
NY & N ST Cony
Lack & W
Psy
Nyo & West
Nor & West
Nor Pac Ist
Oregon
Pace Tel & Tel
Penn
Peo & Eastern Income
Rep Iron & S
St Lim É& So
Do R& G
St L
Seaboard
Do Mobile & O
Maryland
Westinghie el & Mfg
W & LE
Colorado
Vo Grand Central
King William
Lower Mammoth
Nevada Hills
Prince Consolidated
Seven Troughs
Silver King Coalition
Sioux Consolidated
Erereeeee
Uncle Sam
United Tintic Saree
Jan Eeeeee Ee
Eee Neeeee
J Thomas Reinhardt
Devonshire Street
Broad Street
King Street
Toronto
Reva
Foley-O’ Brien
Gold Reef
Great Northern
Hollinger
Tisdale
Preston East Dome
Ogy Rea Mines
Royal Porcupine
United
West Dome
Porgupine
Butte Coalh
Brit Columbia Eee
Ely Conseeveren
Giroux
McKinley Daroe
Nipissing M Co
Salt Lake
Beck
Charles A. Stoneham
Aska
Kidder, Peabody & CO
Wall Street
Baring Brothers & Co., Ltd
London
Thompson, Towle & Co
Congress St
Liverpool
Dee Jan Mch May Prev
Askeel
Buffalo
Cobalt Lake
Conlagas
Crown Reserve
Greene Meehan
Little Nipissing
McKinley Darragh
Rochester
Temiskaming
Wettlaufer
Witfield
Portsmouth
N. H
James McDougall
Westfield
Wabash Road
J. Thomas Reinhardt
Devonshire St
King St. W
Broad
State St
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