Union Pacific and Harriman Era in Railroad History
An 1910 overview traces Union Pacific from its 1897 Utah reorganization under heavy debt and reduced interest charges to its role in origin of modern rail networks. It notes Harriman's influence, large holdings in major systems, and the aim to control key railroads, with early expansions and substantial, though pledged, bonds and stock growth.
MENTIONED IN THIS ARTICLE
Union Pacific
E. H. Harriman
Union Pacific Railroad Company
Utah
Union Pacific Railway Company
Keping
Harriman
Baltimore & Ohio
Chicago & Alton
Chicago & Northwestern
St. Paul
Great Northern
Illlnois Central
New York Central
Southern Pacific
Periona “de Ataal Gues
Price Gains Follow Early Recessions in Stock Market News
New York total sales 558,900 shares and Boston 24,542. Reading 136,100. Giroux Consolidated 4,545. Jan 1 1911 to date New York 14,036,000 and Boston 771,316. Greatest gains Reading and Detroit United. losses Cuban American Sugar and Westinghouse. Call money New York 23 8, Boston 21 2 to 3 percent. time money New York 3 to 3 4 percent, Boston 3 1 2 to 4 1 2 percent. Market opening slow with readings down about a point. Reading and Steel leading volume. Fed by cautious trading before railway freight rate decisions and government-consolidation issues. The money market steady. Panama bonds debated with $100,000,000 issue possible next month. London rate discussed. Chespeake & Ohio, Erie, Louisville & Nashville active. Close strong with record highs and lows cited for 1910 and 1911 benchmarks.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Giroux Consolidated
Detroit United
Cuban Amer
Sugar
Granby Mag
West
Tel. Pref
Time Money
Treasury
Senate
General Fund
London Bank
Chespeake & Ohio
Eries
Louisville & Nashville
Davis Daly stockholders press for management change
Davis Daly faces stockholder revolt over alleged use of treasury funds for mining ventures. Calls for new directors Samuel Jarvis and William Fitzgerald to gain control cite prior warnings by Newmann Jirb and Jarvis. Other items note bank director changes and a $1 per share Quincy Mining dividend totaling $19.55 million to date.
MENTIONED IN THIS ARTICLE
Davis-Daly
Heinze
Treasury
Alaska
Porcupine
Newman Jirb
Samuel Jarvis
New York
William F. Fitzgerald
Boston
William F. Stfitzgerald
Messrs. Jarvis
Sizgerald
Local Market Notes From Boston Trade Session
The Boston market showed mixed activity with Steel common and Telephone and Woolen preferred among leaders in their groups. Giroux reported 9,620,000 tons copper ore proven by churn drill and an estimated 262,000,000 pounds copper. predicted 10,000,000 pound annual production at nine cents per pound could yield 30 cents per share, supported by about $800,000 cash in treasury. Woolen preferred held above 9 while North Butte traded near day’s highs and the overall tone remained firm.
MENTIONED IN THIS ARTICLE
Boston
Steel Common
Telephone
Woolen
North Butte
Amalgamated
Giroux
New York
Ore developments and corporate changes noted in recent mining dispatches
A Lake despatch says the Winona mill will start its first stamp within 7 to 10 days. Thompson Towle reports North Lake No 11 drill withdrawn for a new hole near Adventure lodes outcrops. Algomah opens 200 ft more ore on the 110 ft level, both drift faces in ore. Lake Copper Co new compressor to operate in 2-3 days. seventh level developing favorable. Indiana shaft down 50 ft. Ray Consolidated mill first section due mid month. big electric hoist installed and development progressing. Columbus & Hocking Coal & Iron asks final $5 per share payment by March 6. Ojibway copper ground shows 1500 ft down in No 1 shaft. lode 19 ft wide in commercial copper. T S Williams elected president of Brooklyn Rapids Transit Co, secretary J H Bennington. C D Meneely becomes vice-president. directors re-elected.
MENTIONED IN THIS ARTICLE
Winona
Thompson, Towle & Co
North Lake
Algomah
Lake Copper Company
T Indiana
Union Pacific shows strong long term earnings and expansion
A 1910 review of Union Pacific finances highlights rising total income and surplus for dividends from 1898 to 1910. The company touts low fixed costs due to upgrades and convertible bonds, with surplus covering multiple security types and a 10 percent dividend supported since 1907 amid broad expansion plans.
Boston Market: Stock and Hand Market Prices Update
The Boston Market reports daily course of stock and hand market prices with total sales for the day and comparison to the previous close. The summary notes market movement and key price shifts observed in trading sessions.
MENTIONED IN THIS ARTICLE
Boston
Boston Curb Market Ends Steady After Early Decline
The curb exchange shows weakness in morning trades with Inspiration Rhode Island Coal Mackinaw China and Kruger moving lower. A late short-covering rally returns prices near opening levels as Rhode Island Coal peaks at 51-4 and Mackinaw hits 14 cents.
MENTIONED IN THIS ARTICLE
Stock Exchange
Inspiration
Rhode Island Doal
Mackinaw
China
Kruger
Rhode Island Coal
Caine
Champion
Bond Market Notes and Bond Issuances
Bath Maine awards a temporary 20000 loan to First National Bank of Boston at 3.75 percent discount maturing in six months. Northampton Mass invites bids by 11 am February 11 for a 75000 temporary loan dated February 18 and due October 13. New York Ontario and Western Railway sells 2702000 general mortgage 4 percent bonds due 1955 to White Weld Co of New York. Jamestown New York awards 70000 4 12 percent 120 year serial city bonds at 103 985 Farson Son Co the bidders. Gloucester Mass treasurer accepts bids by 4 pm February 10 for 20000 4 percent municipal bonds dated December 1 1910 maturing 2000 annually 1911-20.
MENTIONED IN THIS ARTICLE
Adams Ex Co
Allis Chalmers
Hi & L
Ann Arbor
Albany & West
Doly & N
Carereereee
Beth Steel
Ty Sentral
Ay & O
Oh & Alt
Sh & Gt West
CB &Dt
Denver
Cc M & S P
Ch & N
ORI & P
PM & O
L& NO
Cot FY & I
Wrens
Erie
Bath, Me
First National Bank of Boston
Northampton
Mass
New York, Ontario & Western Railway Company
White, Weld & Co
New York
Farson, Son & Co
Jamestown
N. Y
Gloucester
Financial house offers cash or margin stock deals
New York and Boston stocks listed for cash purchases or margin carries. Interest is allowed on deposits. Despatches from leading financial agencies available to clients.
MENTIONED IN THIS ARTICLE
New York
Boston
Stock Exchange Correspondent R G Latham Bio Note
Correspondent of R G Latham based at 66 Broadway New York and member of the Consolidated Stock Exchange of New York.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Philadelphia Stock Exchange
Chicago Stock Exchange
New York Cotton Exchange
Chicago Board of Trade
R. G. Latham
Broadway
N. Y
Consolidated Stock Exchange of
New York
Also Mentioned on This Page
SIA
Chicago
Kidder, Peabody & CO
Devonshire Street
Wall Street
Baring Brothers & Co., Ltd
London
Massachusetts Lighting
Amoskeag Mixz Co
New River Power
Pere Marquette Ist
W. L. Douglas Shoe
Consolidated Rendering Co
Omaha Water
Heywood Bros. & Wak
Boston Wharf Co
N. E. Investment Lee
Aberdeen Land Co
Waltham Watch
Nashawena Mills
Nashawannuck Mfg
Butte Water Co
Hudson River Water Power
Boise-Payette
Pwr
Boston Water Power Bonds
F. W. Woolworth Co
Lyman Mills
Cabot Mfz
S. Worsted
Eureru A & B
Union Tsowist Drill
Edwards Mfg
Pope Mig
Niles-Bement-Pond
Franklin Mig
Draper Mfg
Utah Metal Mining Co
Arlington Mills
Quissett Mills
American Investment Sec
Maverick Millis
Lynn Gas & Elec
Mexican Coal & Coke
Pere Marquette
Hotchkin & GO
Boston Telephone Main
Union Pacific Railroad
Missouri River
Pacific Coast
Mississippi
J. M. Taylor & GO
Congress Street
H.C. Gibbs & Co
GO State Street
Ghandler Bros.& A
Bankers
Milk St
Standard Gas
H. L. Nason & CO
Congress ST
Coansess
William E. Soule
High Point
Low Point
Dnly
J. N. Calderwood
John K. Whiting
D. Whiting & Sons
John K. Whiting & Co
C. Brigham Company
Kimnarm Milk Company
The
People’s National Bank
F. O. White
Timothy Smith
Bank
Alfred J. Foster
Mediterranean
Quincy Mining Company
Charles Ll. Burrill
Paul Revere Trust Company
Pee Nweetie Nevvceses
Aes
Sub-Treasury
York
New York Sub-Treasury
Reichsmaarks
Ee Enee
Rra
Tee
Iolawits Soo
Seewewens
Ray Consolidated
Columbus & Hocking Coal & Iron Company
T. S. Williams
Brooklyn Rapids Transit Company
E. W. Winter
J. H. Bennington
C. D. Meneely
Mr. Williams
Creveepens
United States
Union
Lovett
T & Fos
Boston & Albany
Boston & Maine
Fitchburg
NY & Hy
Union Pacae
West Find
Mafi Arizona Com
Butte Coalition
Call& Atizong
O Centennial
Cong Mereur Ste
Roy
Gsi
Daly West
Syar iv Franklin
Granby
Nevada
Nipissing
Old Dominion
Osceola
Quincey
Shannon
St Mary's
Tamarack
Trinity Aware
Victoria
Oly Telephone
Tel
THY
Edison
Pullman Co
Seattle
Torrington
United Fruit
United Shoe M
U_S Steel
Algomali Oe
Gulf
Boston Corbin Ee
Butte Ballak
Hancock
Indiana
Island Creek
Wee Isle Royale
Kerr Lake
Keweenaw
Lake
Miami Copper
Switt & Lo
Soo U S Smelsing
Apex Ee
Bis
S& R Ee
Vel & Cable
Ee Eee
Ate&se Ee
Be&o
Ohio
Comstock
D&h
Dss&a
Iowa
Lehigh Vale
Louis Nash
Mackay
Mer Marine
Aoe
Minn & S L
Isasy
Biscuit Severl
Ny&nh
NY GO & W
Not & West
Pac Té& i Onl
Penn Scene
Pitts
Puilman
Texas Co
Texas
Su & W
Twin City
U S
Oo Wells-Fargo
Maryland
HOLS
Westinghouse
W&le
Kan City
Isha
Kent
Aick Steel
Lake Shore
Lex Av & I Ferry
Long Island Vwerry
Louis & Nash
Pat Beek
Y & Queber Odsicv
Essee
Nassau
ARS
RSS
Ser
Nor & West Ossraes
Sisaba
Nor Pacific
Oregon
Pac Fel & Rel
Pennsylvania
Ogi
St & S Fk
San An & Ar
St Paul City
Seaboard
A IL
Do Ae
Bae
Tri City
Ry & S
Union B & Po
NY & P
Westchester
S of
Mexico
Arizona
Bay State
Bohemia
Boston Ely
Butte Central
Calaveras
Bee Eeseses
Chinotte
Cortez
Oneco
Bay Central
South Lake
NEW York Bonds
Ghandler Bros.&gr
Boston, Mass
Chino Barnes
Miami
Mines Co of
Ray Central
Sup & Pitts
Salt Lake
Charles A. Stoneham & Co
State Street
Beck Tunnel
Cedar Talisman
Colorado
Columbus
Daly
Grand Central
Ron King
Mammoth
Nevada Hills
Uncle Sam
F. L. Milliken & CO
State St
Atchison
North Butte Southern Railway
Boston-Colorado
A. H. MacKenzie & GO
Richard J. Burton & Co
Navis-Daly
Winsor & CO
Boston Curb Exchange
Kilby St
Boston Mass
James Shay & Co
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