Dividend prospects of the American Agricultural Chemical Company
An editor’s note analyzes the financial standing of the American Agricultural Chemical Company as of 1919 business conditions affecting common stock dividends. It discusses earnings trends past and present the impact of price cutting war among fertilizer firms and the growing role of bonds and preferred stock in financing expansion. It notes that common stock dividends began in 1912 at 4 percent and contrasts working capital with rising capital and debt especially phosphate acquisitions in Florida.
MENTIONED IN THIS ARTICLE
Tle
Florida
Dividend Strains in Watered Stocks Highlight Working Capital Risk
The article notes that common stock equity fell from over 50 percent to about 33 percent by 1913 as companies paid dividends on watered stock while facing weak working capital. It cites American Locomotive’s 1908 episode, Sloss Sheffield, Virginia Carolina Chemical, and American Agricultural Chemical as examples where borrowing led to dividend suspensions, with experts arguing dividends should not be paid on watered stock when new capital is needed.
MENTIONED IN THIS ARTICLE
Wall Street
Sloss- Sheffield Steel & Iron
Virginia- Carolina Chemical Company
American Agricultural Chemical Company
Stock Markets Quiet and Lower Amid Mixed Activity
Markets show quiet trading with industrial issues soft while Tamarack rises to 4258 for a two year high. Old Dominion Trust receipts climb, New York and Boston lists report large totals and notable gains across multiple issues.
MENTIONED IN THIS ARTICLE
Old Dominion Trust
Wall Street Inland Market Sidelined After Holiday Pause
Stocks opened on a light note with little movement after a double holiday. Bearish trading lacked new material, rails such as Wabash and Denver & Rio Grande hit year lows, while Lehigh Valley reported a February net revenue drop of 413000 though idle freight cars offset gains. Bond sales were irregular, totaling 2575000 par.
MENTIONED IN THIS ARTICLE
New York
London
International Group
Gould Group
Wabash
Denver & Rio Grande
Missouri Pacific
Rock Island
Steel Spring
Mexico
Bears
Wall Street
Lehigh Valley
L. S
Cal
Local stocks show little activity on quiet trading day
Local traders mirrored New York pace with scarce deals and no four figure transactions. Tama rack reached 425 8, a high since April 1912, while Telephone old fours stood out as notable activity. Old Dominion Trust receipts jumped on Hyams suit news, but overall turnover remained minimal and close to standstill.
MENTIONED IN THIS ARTICLE
Boston
New York
Telephone Old Fours
Old Dominion Trust
Boston News
Hyams
New Jersey
Local bank invites bids for temporary loan in Winthrop
Winthrop Massachusetts will receive bids until 8 p m February 25 for a temporary loan of 25000 dollars due October 15 1914.
MENTIONED IN THIS ARTICLE
Winthrop
Mass
Osceola voting restraint by Calumet & Hecla directors
Circuit Judge Howard Wiest issues a decree in Lansing restraining Calumet & Hecla from voting its Osceola holdings for directors who also sit on Calumet & Hecla boards. They may vote for other individuals. Georgia Railway & Electric sold $69,600 of its $514,600 common stock at 118 per share to subscribers. $104,700 sold to Georgia Railway & Power Company at 118. Victoria Copper 1913 report records 1,428,693 pounds refined copper, a $16,928 net loss for the year with $7,494 mining loss. Assets total $10,685 after cash, copper and supplies $84,760 and payables $74,074.
MENTIONED IN THIS ARTICLE
Spartanburg
South Carolina
South
Alaska
Bugar
Bei
Tobacco
Zale Sau At&se
At& Si
Balt Ohio
Beth Steel
Bklon la Gas
Wu Cal Pet Corp
Cal Pet Corp
Cen Pacific
Case J
Ches & Ohio
Son
BO i
Mé&Sp
Goodrich
Harvester
Mackay
Bats
Manhat
Kiev
Howard Wiest
Lansing, Mich
Calumet & Hecla
Osceola
Georgia Railway & Electric Company
The
Georgia Railway & Power Company
Victoria
Worcester bids on 150000 loan due 1914 October 15
Worcester awarded a temporary loan of 150000 to Estabrook & Co with due date October 15, 1914. Other bidders were Curtis & Sanger and Blake Bros. & Co. Woburn invites bids by 3:30 p.m. February 25 for a 20000 loan due October 15, 1914. The West End Street Railway Company sold to Estabrook & Co an issue of 2000000 20 year 5 percent refunding bonds.
MENTIONED IN THIS ARTICLE
Worcester
Mass
Estabrook & Co
Curtis & Sanger
Blake Bros. & Co
West End Street Railway Company
Estabrook &Co
North Butte
North Lake
Old Colony
Old Dominion
Au Pullman Co
Ainey
St Mary Bos
Shannon
Superior
Sup & Bos
Swift & Co
Yamarac
Torrington Ride
United Fruit
A Ag
Steel
Utah Apex
Utah Consol
Utah Cop Co
Victoria
West End A
Western Union
Ficity
West
Winona
Wolverine
Wyandot
Dividends Declared by Major Firms Return Value to Stockholders
List of diverse company dividends with payment dates and record dates including Blackstone Valley Gas and Electric Boston & Albany Railroad Central Leather Navaho Gold Swift and Co Taylor-Wharton Tron and Steel International Silver Utah Copper Ray Consolidated Nevada Consolidated Chino Copper Tonopah-Belmont Calumet Hecla Mining. The note adds Three months ago $6 and a year ago $12, totaling $129.4 million paid since organization.
MENTIONED IN THIS ARTICLE
Blackstone Valley Gas and Electric Company
Boston & Albany Railroad Company
Central Leather Company
Navaho Gold Mining Company
Swift & Co
Taylor-Wharton Tron and Steel Company
International Silver Company
Utah Copper Company
Ray Consolidated Copper Company
Nevada Consolidated Copper Company
Chino Copper Company
Tonopah-Belmont Development Company
Calumet & Hecla Mining Company
Also Mentioned on This Page
Kidder, Peabody & Co
Devonshire St. Boston
Foreign Exchange
Letters of Credit
Baring Brothers & Co., Ltd
American Agricultural Chemical
Virginia-Carolina
Chemical Company
Carolige
Salina
Treasury Department
State of
California
Massachusetts
Connecticut
Wa. A. Read & Co
Congress St
Chicago
Philadelphia
Power and Railways Co
Massachusetts Corporation
A. B. Leach & Co
Time Money
Creek Coal
J. S. Case Pref
Wells, Fargo Express
Marys’ Land
Jumet & Hecla
Nor Pac
Nor & Wes
Ing
Rey
Rurmely Co
South Pacific
Studebaker
Texas
Third Ave
Union Pacific
Ila Wi
Wells-Fargo
Westinghouse
Boston Stocks
Money Markets
T&s
Aly
US Steel
West T & Uf
Algomah Ly
Aliouez
Arizona
Bos
Albany
Bos & Maine
Butte & Sup
Cal Arizona
Chino . al
Edison
IOC
Fitchburg Pf
Franklin
If Geo Elec Pl
Ris
Kerr Lake
Buffalo
Butte & London
Davis Daly
Eagle & Blue Bell
Kirstat
Houghton - AL
Majestic
eKinley- Dar
Toby
Riker Tegeman. . Co
Stewart
Tonopah Belmont
United Verde
Utah Metal
York
Sub-Treasury
Lebit
Newark
Liverpool
Inc
New Yorks
S.W. Straus & Co
Mogs Pe Bond Bankers Incorporated Aterificage
Woburn
New York N
Detroit
West End Street Railway Co
R.l.day&co
N.w.harris&co.,inc
Estabrook&co. Blodget & CO. Merrill, Oldham & CO
Bey
New Haven
Sears, Roebuck and
Southern Sierras Power Co
Nevada-California Power Co
Sollers, Phillips & CO. Incorporated Investment Securities
Devonshire Street
Hendee
Thompson, To
Wle & Co
Main Street
Springfield
Education Fund Family Protection Pension Fund
American Pealstate Company
Beacon Street
Everett A. White
Hodgdon, Cashman& Co
State St
Associated Trust
Milk Street
Ginn
Edward Ginn
Winchester
McIntyre
East Cambridge
Oscar M. Wolff
Sunday Post
U. Ss
the Post
Blackstone Valley Gas and Electric
Pawtucket and
Woonsocket
Rhode
Isla
Stone & Webster
City Realty Trust
City Realty Trust of Record
Forris W. Norris Chester I
Campbell Louis UI
Parkhurst
Congress Street