Syndicate Buys Tel ephone Bonds for 100 Million
The American Telephone & Telegraph directors confirmed sale of 100 million convertible debentures to a syndicate led by J. P. Morgan Co and Kuhn, Loeb & Co with Baring Bros and Kidder, Peabody. Bonds run 30 years, convert at 140 after three years, and may be priced around 92 to yield about 5 percent. The issue funds expansion and treasury obligations, with protection for future stock issuances. Clarence H. Mackay reportedly holds around 30,000 shares. market speculation sees strong backing from the syndicate. The bonds aim to support Bell systems’ annual 40 million construction needs and may be offered in US and Europe.
MENTIONED IN THIS ARTICLE
American Telephone & Telegraph Company
J. P. Morgan & Co
Baring Bros
London
Kuhn, Loeb & Co
New York
Kidder, Peabody & Co
Boston
Treasury
United States
Clarence H. Mackay
Mackay Companies
American ‘Telephone & ‘Telegraph Company
American Bell
Bell Companies
Telephone Company
Fish
J. P. Morgan and Kuhn, Loeb & Co
America
Europe
Farson, Leach & Co
A. B. Leach & Co
John Farson
A. B. Leach
Chicago
Henry W. Forbes
Court of Appeals
Albany
N. Y
Isidor Wormser, Jr
Metropolitan Street Railway
Interborough Rapid Transit Co
Interborough Rapid Transit Company
Chicago Great Western Railway Company
Tennessee Coal & Iron
Canada
Dominion
Consolidated Lake Superior Corporation
Nova Scotia Steel and Coal Company
Dominion Coal Company
Canadian Steel Company
Atchison Common
Preferred
Ellery Steadman
A. S. Leland & Co
Jersey Blue
North Butte
American Sugar Refining Company
B. H. Howell & Co
Arbuckle Bros
Missouri Zinc Fields Company
Charles T. Orr
Orr
Keweenaw Copper Company
T. F. Cole
Oliver Mining Company
James Hoatson
North Butte Mining Company
S. R. Hill
J. N. Wright
C. A. Wright
Chicago Union Traction
Chicago Union Traction Company
Winona
New Issue of Pennsylvania Bonds Seeks Public Market
Kuhn, Loeb & Co. brings a $20,000,000 4 percent 15 to 25 year gold loan to market. Bonds pay semiannual interest, guaranteed by the Pennsylvania Railroad Company, tax free, redeemable on April 1, 1921 with 90 days notice. Secured by pledged stock of Baltimore & Ohio, Pittsburgh, Cincinnati, Chicago & St. Louis, and Vandalia railways. Application to list on the New York Stock Exchange.
MENTIONED IN THIS ARTICLE
Pennsylvania Company
Baltimore & Ohio Railroad Company
Pittsburgh, Cincinnati, Chicago & St. Louis Railway Company
Vandalia Railroad Company
Pennsylvania Railroad Company
Pennsylvania Railroad
Kuhn, Loeb & Co
New York
Pennsylvania
New York Stock Exchange
Anaconda Peaks at 300 On Stock Market Boom
Wall Street reports a heated market for copper shares led by Anaconda rise to 300 as mergers and new capital issues loom. Amalgamated Nevada Consolidated United Copper and Montana Copper sectors show strength while broader bonds and bank reserves shape trading, with cautious profit taking later in the day.
MENTIONED IN THIS ARTICLE
Wall Street
Anaconda
Hill Pacifics
Chicago Northwestern
Burlington
Reading
New York Central
New York
Pennsylvania
Washington
State Street
Amalgamated
Northern Pacific
Southern Pacific
Montana
Union Pacific
St. Paul
Southern Railway
Steel
Old Dominion
Nevada Consolidated
United Copper, Amalgamated
Montana Coal & Coke
American Pneumatic
American Telephone
Massachusetts Electric
Parrott
Bingham
Calumet & Hecla
Dividends Payable From Various Companies
The National Biscuit Company pays 13 4 per cent on preferred and 1 per cent extra on common, payable April 14. Columbus Railway, 13 4 per cent on common, payable March 1. Buffalo and Susquehanna Railroad, 1 per cent on preferred quarterly, payable March 1. Quaker Oats, 112 per cent on preferred quarterly, payable Feb 28. American Coal, 5 per cent semi annually, payable March 1. Parrott Silver and Copper, 30 cents per share, payable March 12.
MENTIONED IN THIS ARTICLE
National Biscuit Company
The
Columbus Railway Company
Buffalo & Susquehanna Railroad Company
Quaker Oats Company
American Coal Company
Parrott Silver & Copper Company
Doan's Kidney Pills Recommended By Boston Machinist
A Boston machinist, D. E. Knight of 19 Brigham St., testifies Doan's Kidney Pills cured his backache after a few doses. He reports lasting relief and urges others troubled by back pain to use the remedy. Sold by dealers for 50 cents. Foster-Milburn Co., Buffalo, NY, sole US agents. Remember the name Doan's.
MENTIONED IN THIS ARTICLE
Boston
D. E. Knight
Brigham St
Mass
Dean
Doan
Foster-Milburn Co
Buffalo
New York
United States
Ex change Place curb shows material business rise
The volume of business on the Exchange Place curb today showed a material increase over Saturday. Eagle and Blue Bell were active and strong, selling up to 4 on buying orders from Salt Lake City. Arizona Commercial rose on strong buying while the Bisbee group, Pittsburg and Duluth, and Troy-Manhattan all showed gains.
MENTIONED IN THIS ARTICLE
Exchange Place
Eagle & Blue Bell
Salt Lake City
Utah Copper
Greene Consolidated Copper
Regular Exchange
Arizona Commercial
Bisbees
Pittsburg & Duluth
Troy- Manhattan
Troy-Manhattan
Utah-Apex
Raven
Greene Consolidated
Rts
S2ac
Wsa
Arizona Commercial Eeereeseses
Continental Coal & Coke Chine
Lake Superior
Pittsburg
Calumet & Arizona
Onecomf
East Butte
Butte Copper
St. Mary’s
Calumet & Pittsburg
Prince American de Forest
Black Mountain
Mexico
Soule
Chicago Grain Quotations from Ennis & Stoppani
Ennis and Stoppani report dull wheat trading with narrow price ranges and no decisive bids. May trades show slight declines, while July and September show modestly lower quotes. corn and oats weaken further with limited buyer activity.
MENTIONED IN THIS ARTICLE
Ennis & Stoppani
Chicago Board of Trade
State Mutual
Mad Dog Terror Strikes Canaan Connecticut
In Canaan a wild dog rampage spread fear among residents. The animal bit a pedestrian and a dog, snagged a man’s pocketbook before deputies arrived, and was shot along with other unmuzzled canines as authorities closed the outbreak.
MENTIONED IN THIS ARTICLE
Great Barrington
Canaan
Conn
Rhodes
Ex-bank clerk James Bullman jailed for larceny
James A. Bullman former bank clerk and University of the City of New York graduate was sentenced yesterday by Judge Gaskill in the Superior Criminal Court to one year in the house of correction after pleading guilty to larceny. The case outlines Bullman as an expert accountant.
MENTIONED IN THIS ARTICLE
James A. Bullman
University of the City of New York
House of Correction
Gaskill
Superior Criminal Court
Bullman
Col Graves Quits Editor Role At Atlanta Publishing
Atlanta February 13 Colonel Graves resigns as editor ending the stockholders and officers dispute at the Atlanta Publishing Company and the dismissal of related court actions.
MENTIONED IN THIS ARTICLE
Atlanta, Ga
Atlanta Publishing Company
Colonel Graves
Belfast caucus taps Dunton for Belfast mayor
In Belfast, Maine, a Democratic caucus on February 13 nominated John R. Dunton for mayor. He faces local votes as the party seeks leadership in city affairs.
MENTIONED IN THIS ARTICLE
Belfast
Democrats of
John R. Dunton
East Boston High School Five Defeats BU Freshmen 41 11
East Boston High School five defeated the Boston University freshman team by 41 to 11 at the East Boston High gym yesterday.
MENTIONED IN THIS ARTICLE
East Boston High School
Boston University
East Boston High
Low Rates to the Pacific Coast Historic Train Tickets
Colonist tickets accepted in Pullman tourist sleepers between Feb 14 and Apr 6. Fares from Boston to Los Angeles San Francisco San Diego Portland Tacoma Seattle and other Pacific coast points range from 49.90 to 52 dollars with lower rates to intermediate stations. Daily guided Pullman sleeping cars to California via direct lines and scenic routes. Also on the Los Angeles Limited three nights from Chicago via multiple routes. Tickets and information available from J. E. Brittain at 300 Washington st Boston.
MENTIONED IN THIS ARTICLE
Pacific Coast
Pullman
Boston
Los Angeles
San Francisco
San Diego
Portland
Tacoma
Seattle
California
Chicago & Northwestern
Union
Southern Pacific
Chicago
Union Pacific
New Salt Lake-San Pedro
J. E. Brittain
Gen’s Agt
Washington St
Also Mentioned on This Page
United States of America
Commonwealth of Pennsylvania
Girard Trust Company
Syndicate
TEL. Bonds
Boston Bankers
Aag
Bankers and Brokers
State St
Union Pacific Sugar
Boston Consolidated
Colonial Bldg
Boylston St
Jonas
Boston Stock Exchange
Curb Exchange
American Deforest Wireless Telegraph CO
James Shay & CO
NEW England Telephone and Telegraph Company
William R. Driver
American Pneumatic Service Company
A. S. Temple
Butte
Heinze
United Copper
Amalgamated-Heinze
United Copper Company
Greene
Greene Consolidated Copper Company
W. C. Greene
Charles Hayden
Hayden, Stone & Co
Boston Exchange
Stock Exchange
Colonel Greene
Amalgamated Copper
Amer Car & Foundry
Amer
Amer Hide & Lea
Amer Locomotive Ae
Amer Smelting
Amer Sugar
Amer Tobacco
Pfd
Anaconda Mining Co
Atchison Eee
Wm Ewan
Wwe Pref
Atlantic Coast Line
Baltimore & Ohio
Brooklyn Rapid Transit
Canadian Pacific
Central Leather
Kesapeake & Ohio
Chicago & Alton
Chicago Great Western
Chicago & Northwestern Q
Mil & St Paul
Chicago &Ter Trans
C & St Louis
Colorado Fuel & Iron
Colorado & Southern
Zhe Consolidated Gas
Denver & Rio Grande
Ja Distillers Securities
Erie
Kansas City
Norfolk & Western
Pacific Mail
Republic Steel Se
Rock Island Co Ee
Sloss Sheffield Steew Ee
Toledo
St Louis & West
U S Rubber
U S Steel
Wwe
Virginia
Carolina
Bankers Sterling
Ewes
Reichsmarks
NEW York Bonds
Japan
L & No
Kk & T
Bal & O
Nor Pac
Penn
C&a
B&q
RI & P
Col Mid
UN Pac
Col Sou
Cuba
US Steel 2d
Yoly D
Wabash
West Md
W & LE
Hornblower & Weeks
Boston Suburban Electric Companies
Waltham Gas Light Company
Norumbega Park Company
Boston Suburban
Old Dominion Company
Globe
Phelps-Dodge
Buckeye
Spencer Trask & Co
Nevada Consolidated Company
Chainman Group
Nevada
Isle Royale
Swift Co
U S
Belo
West T & T
Atchison
Bos & Alb
Bos & Low
Bos & Me
Chi Jun Pri
Arnold
Atlantic
Bonanza
Cal & Hec
Daly-West
Elm River
Franklin
Quincy
Santa Fe
Shannon
Tamarack
Tecumseh
Trinity
United Cop
Victoria
Wyandot
Tel Pr
Bos & Sub
Edison
Georgia
Elec
aThe Pull’n
US Steel
bWest el As Ee
West'h Rts
aAmalgam
Ag Chem
Col. Graves
Dunton
Harvey