Old Rock Island Company Re-enters Forefront of Financial Debate
The Rock Island Company seen as the shoe string investment faces a transition as the holding company goes into receivership and the operating road returns under new management. Analysts compare past earnings and debt growth with current stock and collateral trust bonds amid questions of value and risk.
MENTIONED IN THIS ARTICLE
Old Rock Island Company
4 T
Rock Island
United States Steel Corporation
Chicago, Hook Island & Pacific
Chicago, Rock Island & Pacific Railroad
Rock Island Company
New Rock Island Company
Chicago, Rock Island & Pacific Railway Company
Common
Southern Railway
Bond Market Fades With Limited Trading On Dec 29
New York December 29 trading in bonds showed a quiet session with no notable features except a decline in Rock Island issues. Government bonds including Bush Ter 1 Third Ag rng vA 4 5 saw total sales of 1 085 million, down from yesterday and earlier weeks. From January 1 to date sales reached 459 566 million, below last year.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Bk S&f
Toco
Tel & Tel
At&sf
Baldwin Loco
Balt Ohio
Erie
Goodrich BF Co
Inter Met
Inter
Lehigh Valley
Mer Marine
Mex
Pet Co
Nevada
Nh&h
St ‘Spring
Rock Island
St Lou & Sn
Sears Roe
South Pacific
Houth
Studebaker
Twin City RT O
Union Pacific
Union Pac Pf
Tmlg
Utah Copper
West Union
Westinghouse
Rock Island Costs Rise as Maintenance Pressure Grows
The Rock Island's operating costs climbed from 41.18 percent of gross earnings in 1906 to 47.41 percent in 1914, outpacing Atchison and signaling rising maintenance charges. Analysts warn that heavy deficit financing and a large rehabilitation need loom, with preferred stock likely to dilute current holders while recovery may take years.
MENTIONED IN THIS ARTICLE
Atchison
Rock Island
Chicago, Rock Island & Pacific
Market prices recede slightly in railroad earnings
November earnings reports show heavy declines with Canadian Pacific leading losses in gross and net. Copper ranges to sell its own metal. Montreal bonds placed with New York and Boston bond syndicate.
MENTIONED IN THIS ARTICLE
Canadian Pacific
Montreal Bonds
New York
Boston
Market Figures Show New York Leads In Total Sales
Yesterday total sales reached 58 400 shares in New York and 14 393 in Boston. Alaska Gold topped Boston’s most active issues, Reading led in New York, and Mo Kan Tex fell in the New York list while United Struit rose in Boston. Call and time money shifted, with New York call at 234 percent and time money at 4 to 4.44 percent.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Alaska
Colorado Southern 2d Ptd
Kan
New York Market Faces War Era Uncertainty Amid Trading Slump
The New York market opened irregularly as administration protests to England paused stock advances. Short selling and bond declines, a London gold dip, and weak railroad reports framed a cautious session with total par value traded near $1.99 million. Interior banks pulled back from mercantile paper pending year-end revival.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
England
Wall Street
Rock Island
London
Ottawa
Mercantile
Canadian Pacific
Union Pacific
Illinois Central
Cotton markets seek temporary loan bids in Essex Mass
Essex county Mass invites bids by 10 30 a m December 31 for a temporary loan of seventy thousand dollars dated December 1914 and due April 2. The notice indicates a financial transaction tied to that period seeking formal offers from lenders.
MENTIONED IN THIS ARTICLE
Essex County
Mass
Tremont Temple
Boston Stocks Report from Stock Exchange
Boston stocks report lists high and low prices and the latest close for bonds and other securities, with comparisons to the previous close. The brief item provides a snapshot of market activity on the Boston Stock Exchange for the day.
MENTIONED IN THIS ARTICLE
Boston
Der
New York Firm Zimmerman Forshay Ready to Buy German Coupons
New York based Zimmerman and Forshay announce readiness to purchase German bonds or coupons maturing on January 1, signaling a strategic move in European security markets. The brief notice indicates preparedness to engage in purchase deals for qualifying coupons.
Copper stocks lead Boston market activity as Alaska Gold slips
Alaska Gold and Butte and Superior were the day’s active leaders with modest price moves. United Strut jumped 21 8 to 117 while Mohawk held at 47 despite a $1 dividend. Granby traded at 60 with no bids above, and Copper Range will sell its own output directly to cut commissions.
MENTIONED IN THIS ARTICLE
Der
AT & T
T &T
Alaska
Sunar
Tel & Tel
Bos
Bos & Albany
Bos & Maine
Cal & Arizona
Centennial
East Butte
Edison Elec
Granby
Lake Copper
Shattuck-Aris
Superior Cop Or
Bup & Bosssees
U & Steel Rem
S Steel
Utah Apex Yane
Utah Co Co
Western Union
Winona
Wolverine Meewee
Boston
Alaska Gold
Butte & Superior
American
United Struit
England
Foreign exchange market shows erratic midday activity
The money markets report a nominal foreign exchange session on December 29 with erratic tendencies among bankers. Sterling cables quoted at 4.85% and near 4.8514 dollars, francs near 1 bold, marks 88s, gulfers 40 7 16.
Bond Market Notes Montreal Sale of 6.9 Million Bonds to Syndicate
Montreal, Canada sold 6.9 million dollars of 5 percent loan bonds to a syndicate led by I. H. Rollins & Sons A. B. Leach & Co and Kountze Bros Co at 98 671 and interest Middlesex County Mass issued 1000 notes dated Dec 1 1914 due 1915-24 to W J L Raymond Co at 100.74 Other bidders included Sellers Phillips Co R L Day Co and Blake Bros Co
MENTIONED IN THIS ARTICLE
Chicago
Avera
Avia ES Kos
Seer Ene Aces
Ebesewase
Columbia Gas
Ind Brewing Cie
Light & Heat
Ohio Fuel
Vtcmiaetiois
Cies Cae Bane
Pittsburg Brewing
Peetsenere Aviores
High Point
Jane
Westinghouse AB
Montreal
Canada
I. H. Rollins & Sons
A. B. Leach & Co
Kountze Bros. & Co
Middlesex County
Mass
W. J L. Raymond & Co
Sellers
Phillips & Co
R. L. Day & Co
Blake Bros. & Co
Also Mentioned on This Page
Minneapolis Gas Light Co
Los Angeles Gas and Electric Co
Springfield (Ohio) Railway Co
Canton New Philadelphia Railway Co
Santa Barbara Gas and Electric Co
Willamette Valley Southern Railway Co
Portland
Oregon
Lt. & Pr. Co
E. H. Rollins & Sons
Devonshire Street
Philadelphia
Denver
San Francisco
Los Angeles
THE
New Rock Island
the “Shoe String’ Investment
United States
Hele Ie
T&t Armour & Estate
At& 18
At&se
Beth Steel
Bkiyn Ua
Agett & M
Nf&s
Nyc
T&t
Not & W
North Pacific
A. von
Sgi
del & H
Me & H
Southern Rv
Motors
Southern Ry
Gulf & Shi
M ‘Mar
Iowa Central
Café
West
Jeff
Clearld
IKCHS
Kings
Goldfield
Field & Fay
State S&t
Mase
Island Creek Coal Company
Island Creek Cost Company
W. Batchelder
Tre
Ver
Busine
W Batchelder
Kelsey Company, Inc
Harry
Kelsey
the Electric Light and Power Company of
Abington and
Rockland North
Abington, Massachusetts
Thelectric Light and Power Company
Abington and Rockland
Busi
Stone & Webster
Breccia
Muase
Meadshies wiNea Ae
de Trast Ie
Schumacher
New York Market
Boston Stocks
Borden
Caribou
I Greene Cananea
Aid Ataeseiesk
Manhattan Transit
McKinley-Darragh
Paretes
Mitchell Mining A
Ee Ee Ee Mines Co of America
Otis Elevator Nipissing Mines Co
Otis Elevator
Remington Typewriter
Remington
Riker Tie Man
Royal Baking Powder
Sterling Gum Ee
Stewart Debe Ee Ewe
Tintie Co Weeaee
Union Coprer
Eeterarcses
United Copper
United Cigar Stores
United Profit Sharing
Atlanta
Bay State Gas
Calaveras
Cal Corbin
Champion
Seis
Lab
Davis Daly
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Eeere Lf
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United Cigar
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Money Markets
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the Clearing House
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Ues
Rabbit
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Pritzkow and Blanchard
Chas
Sandy) Chapman
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Jonathon
Jack Birchland
Howardgram
Shubert
N. Y
Messrs. Shubert
Geo. Macfarlane
Baldpate
Tremont
Ian Toughn
Charles Frohman
Julia Sanderson
Donald Brian Joseph Cawthorn
Girl
Utah
John Cort Oliver Morosco
Hortley
Boston Theatre
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Oo Castle
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Winter St
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Elaine
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Marv Fickford
Cinse
Curley
Santa
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Toivenir
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Matinee Daily
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Hanover Street
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Ginal
h-St
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Claus
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Louis XE
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Amr
Lillian Idios
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Wilbur
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Miss Muffett
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Mayor Curley Playa Santa Claus
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Plymouth Se Seis
Grumpy
Wash
White
Modern Co
A. Mon
Wilton Lackaye
Modern Finance
Loew
Roland West
Singer
the Theatre
SS N Loew’s
ST. James
Photo Pla
Gaiety the Londo
Bv Klein
DR Gor
Tremont & Boylston
Treasures
Burlesque Wash
St. Near
Boylston
YN Belles
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Evas
Charles Frofiman
Ann Murdock
Boston Opera House
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Exeter
Boylston St
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Fido
Jordan Hall
Jan
Elisabeth van Endert
Berlin
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Royal Operas
Symphony
Ditmars
Wild Animal Life Pictures
Dinah
Bronx Park
Alma Gluck
Lony Hall
Efrem Zimbalist