Reorganization Plan for Boston & Maine Traced
The editorial analyzes a proposed plan to reorganize Boston and Maine after years of interlocking interests. It explains equity vs fixed charges, the shift from leased line stocks to 6 percent preferred stock, and potential effects on dividends for common stockholders across three options and a three year non cumulative period.
MENTIONED IN THIS ARTICLE
Boston & Lowell
Fitchburg
Boston & Maine
Financial Foundation
Stockholder Options in Boston and Maine Reorganization
The article outlines three options for common stockholders: exchange 10 shares for four new preferred shares at par up to $40, invest $5 cash to keep all common stock, or retain 8 percent of holdings while omitting the $5. It weighs the impact on the company’s finances, highlighting that exchanging to preferred stock raises about $16 million via underwriters, enabling improvements, while keeping common stock is least beneficial. The analysis notes the risk to prior lien holders and the uncertain ability of the guaranteeing company to pay dividends.
MENTIONED IN THIS ARTICLE
Boston & Maine
Germany
Nixon Nevada
Bay State
Boston Corbin
Boston E
Boston & Mont
Butte & London
Calaveras
Cal & Corbin
Teeeneee
Arizona
Cortez
Davis-Dal
First National
Ofims
Fuller
Hsey
Bjave
Conan
Miami
Utah Metal
NY OM Wines
Col Midland
Col & So
Tekio
Nyc
Norf & W
Coal & Coke
Erie
North Pacific
Keeles
Aeseee Am Ag
Cot ‘Oil
Ontario Powers
T&t
Pacific T & T
Atess
Armour & Coms
Ill _Central
Cairo
Penn
Penn Gal
Indiana Steel
Aeneee Estes Penn Con
Peoria & E Inc
Eseere Wesdae
At&s5sf
T&s
Mtas
Agricul
Tia
Beeeee Trust Co
Trust Co
Cfe
Etree
San An & AP
So Pacific
Cis
Persona Central
Wanes Eernes Ee
San
Tens “Co
Liggett & M
Texas Co 'i
Tegan &P i
Long Dock Third Road Seedae
Long Isida
TriGuwva
Market activity highlights yesterday and year to date
Total sales in New York reached 591 093 shares and Boston 51187. Mercantile Marine pref led New York with 123620 shares while Ventura Oil topped Boston with 6335. From Jan 1 1916 to date New York sold 23381746 shares and Boston 1730185 shares. Compared with last year New York 7745900 and Boston 721389. Notable gains and losses: Crucible Steel 51 4 to 825 8 in New York. Bethlehem Steel pref 7 to 133. New England Cotton Yarn pref 5 to 55 in Boston. Calumet & Hecla 5 to 580.
MENTIONED IN THIS ARTICLE
New York
Boston
Mercantile Marine Pref
Ventura Oil
Crucible Steel
Bethlehem Steel
New England Cotton Yarn
Calumet & Hecla
New York Market Mixed as Blues and War Issues Rally Strengthens
Professional pressure returned to the New York market with uneven results though gains in Crucible Steel and other active war issues helped lift the list at the close. Weakness centered on Mercantile Marine preferred and copper shares while United States Steel and rails held fractional declines.
MENTIONED IN THIS ARTICLE
New York
United Fruit
Mercantile Marine Preferred
Marine
Utah
China
United States Steel
Interborough Company
Tobaccos
People's Gas
Willys-Overland
Mackay
Russia
Panama
Boston Stocks Report Tightens Markets On Exchange
Boston stock market figures list high low and last prices with daily comparisons. The report notes securities traded on the Boston Stock Exchange and contrasts current closes with prior session levels.
MENTIONED IN THIS ARTICLE
Boston
Boston Stock Exchange
Copper Rally and earnings lift Boston market notes
The Boston market shows moderate activity with uneven price moves. United Fruit gains, Utah-Apex strength follows large earnings, Butte & Superior report $11.35 per share in Q4 and copper earnings drive a price surge. Pacific Mills hits a new high on solid earnings, Quincy Mining keeps a $3 quarterly dividend, copper futures at 29 cents amid strong export demand.
MENTIONED IN THIS ARTICLE
Boston
United Fruit
Utah-Apex
Butte & Superior
Chino
Utah Copper
Utah
Pacific Mills
Quincy Mining Company
London Metal Prices Hit New Highs on Copper and Electrolytic
London on the Metal Exchange reports G M B copper up ten shillings spot and futures to £106 10s and £10. Electrolytic copper gains £1 to £136 10s a new record. Spottin copper to £182 10s futures £182 10s Straits up £1 10s. Lead rises to £32 6s spot, £32 futures. Spelter up £6 to £99 spot, £90 futures. Copper spot 350 tons futures 350. Tin spot 100 futures 180 tons.
MENTIONED IN THIS ARTICLE
London
Spottin
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Foreign Exchange
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NEW
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Heen
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