Atlantic Coast Line and Louisville & Nashville Deteriorate Dividends
An editor's financial note analyzes why the Atlantic Coast Line and Louisville & Nashville cut their dividends from 7 percent to 5 percent amid war shocks. It details prior earnings, surpluses, equity links with Louisville, and the 10 year trend of gross earnings and per share gains for both roads.
MENTIONED IN THIS ARTICLE
Atlantic Coast Line
Louisville & Nashville
South
Louisville
Louisville & Washville
Ught
Jesson
Market Closes Mixed as Stocks Rally and Slump
Conflicting forces marked today's New York market with buying of leading issues and revenue from specialty shares while others like Louisville & Nashville and Atlantic Coast Line hit new lows. Gold movements hint at Ottawa Bank of England transfers, and bond activity shows some industrial issuers near sale.
MENTIONED IN THIS ARTICLE
New York
Bears
United States Steel
International Harvester
Louisville & Nashville
Atlantic Coast Line
National Railways of Mexico First
Western Maryland
Rumeley
Ottawa
Bank of England
London
Paris
St. Paul Road
London Exchange
Imperial Bank of Germany
United States
Panama
Markets Stay Strong Amid Broad Gains On Rail Stocks
Market daily shows continued strength with General-Atlantic Coast Line and Louisville & Nashville lagging by 15 and 11 percent as wheat hits a fresh high. Boston & Maine declines to a new low record, signaling mixed sector performance.
MENTIONED IN THIS ARTICLE
Atlantic Coast Line
Louisville & Nashville
Boston & Maine
Points In Yesterday's Markets And Activity
Daily market notes show New York total sales 148,500 shares and Boston 17,144. Inter Harvester leads New York gains to 93 from 47 while Atlantic Coast Line falls to 99. Calumet & Hecla rises to 355 in Boston. Ahmeek Mining slips to 245. Call money in New York 2 1 2 percent. Boston 4 1 2 to 5 percent. Time money New York 4 1 4 to 4 1 2 percent. Boston 4 1 4 to 5 percent. New York year to date 309,200 shares. Boston 37,433. Corresponding period last year New York 619,200. Boston 56,164.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
Butte & Superior
Inter
Harvester
Atlantic Coast Line
Calumet & Hecla
Ahmeek Mining
Call Money
Time Money
Boston Market Stocks Drift Amid Reorganization Rumors
A Boston market report shows Boston & Maine sinking to 27 in a new low as investors await reorganization plans. Elsewhere Calumet & Hecla and Osceola rose, Butte & Superior lifted on spelter gains, while New Arcadian held firm amid merger talk with New Baltic. Wheat hit a new high, signaling war demand. Island Creek plans direct coal sales to cut commissions. 1914 earnings are pegged at 4 to 5 dollars per share after depreciation.
MENTIONED IN THIS ARTICLE
Boston & Maine
Calumet & Hecla
Osceola
Butte & Superior
Mass
United Shoe
New Arcadian
Baltic
Island Creek
Grain Markets Cash Prices Reported
Grain markets show cash bids for wheat corn and oats with various grades and prices. Prices listed include wheat No 2 red at 1.324 1.35 per bushel and corn No 2 white at 704 70c per bushel.
Money Markets Quiet in Boston Exchange Rates Steady
Current Boston quotations show call loans 4 to 4. and 4. per cent. Commercial loans 5 to 6 per cent. Commercial paper 4 3 to 4 per cent and upward. Year money 5 per cent. Bar silver in New York at 53 4. Mexican dollars at 87 1 2. Boston Reserve Bank 4 1 4 60 to 90 days. Sterling cables $4.85 4, francs 5. ar, marks 88, guilders 40 1 2.
MENTIONED IN THIS ARTICLE
Boston
New York
Boston Reserve Bank
Montreal bond issue offered by major firms for city notes
Bond market notes show FE Rollins & Sons along with Leach and Kountze Brothers offering part of a 6.9 million three year 5 percent Montreal city bond issue. Two bonds redeemable at par with 60 days notice mature December 1 1917. Baker Ayling sells Portsmouth Street Railroad Light Co first mortgage bonds. Farrington offers 250 000 New York city bonds 4 percent 1920 1926. Findley Ohio sells 300 000 school bonds to a syndicate led by Tillotson Wolcott Bertram Myers at par plus 3160 premium.
MENTIONED IN THIS ARTICLE
FE. H. Rollins & Sons
A. B. Leach & Co
Kountze Brothers
Montreal
George E. Farrington
New York City
Findley
Ohio
Tillotson, Wolcott & Co
David Bertram & Co
J. C. Myers
Bank of Montreal
Financial News Notes and Corporate Movements
December gross passenger receipts for the Boston & Worcester were 44 419. Wolverine reports 371 tons of mineral produced in December. Baldwin Locomotive Works secured an order for 16 locomotives from the Nashville Chattanooga and St. Louis Railroad. Comptroller calls condition of national banks as of December 1. Miami Copper defers action on quarterly dividend. regular 50 cent dividend paid in July. October dividend not paid. New York Stock Exchange lists 249 590460 New York Central Railroad stock. Hart Schaffner and Marx directors propose cutting preferred stock to 4 300 000. shareholders meet January 25 in New York. Rock Island reports November gross 6 084 375 and net 1 124 023. For five months gross 32 348 980 and net 7 027 438. Proctor Kelley Learnard named directors of Beacon Trust Company.
MENTIONED IN THIS ARTICLE
Miami Copper
Hart Schaffner & Marx, Inc
New York
Rock Island
Hermit's Bank Fund Unveiled In Five Banks
Worcester January 5. The supposed gold hoard of George A Hayes the hermit burned at Dungarven Hill proved fictitious. Investigators found deposits totaling about 25000 hidden in five different banks.
MENTIONED IN THIS ARTICLE
Worcester
Midas
George A. Hayes
Dungarven Hill
Benefit Planned for Six Orphans in South Boston
A testimonial benefit is organized by Lithuanians for six orphans left by Mr and Mrs John N Nevilus who were asphyxiated at their home 244 D street South Boston. The youngest child is 2 1 2 years and the oldest 17, in needy circumstances. Local talent will assist and the event is set for Dahlgren Hall iE and Silver streets on January 31.
MENTIONED IN THIS ARTICLE
John N. Nevilus
D Street
South
Boston
Dahlgren Hall
Silver Streets
Rejection of Ship Purchase Bill Worries Administration
Washington Jan 5 The continued belligerency of Republican Senators toward the government ship purchase bill has begun to worry administration leaders who failed today to get the measure before the Senate owing to monopolization of time by speeches and appropriation affairs.
MENTIONED IN THIS ARTICLE
Wiashington
Senate
Senate Debates Ship Bill Amid Minority Resistance
In the waning months of the 63d Congress the minority vows to fight the ship bill to the last ditch. Democrats seek to force votes by keeping Republicans in session while the commerce committee amends the bill to curb contraband shipments and apply international maritime rules plus restrict purchases from nations at war.
MENTIONED IN THIS ARTICLE
Senate
Gallinger
Works
California
Commerce Committee
Stone
United States
Senator Lodge
Belt Line Seen as Big Need for Boston Growth
Frederick H. Prince, head of F H Prince & Co and president of Chicago Junction Railways, argues that developing Lynn marshes and East and South Boston waste lands into thriving business districts is feasible with a belt line railroad and improved transportation.
MENTIONED IN THIS ARTICLE
Lynn Marshes
East
Boston
Frederick H. Prince
F. H. Prince & Co
Chicago Junction Railways & Union Stock Yards Company
Prince proposes belt line railroad to boost Boston growth
At the Massachusetts Real Estate Exchange, 22 year old Prince outlined a belt line system to reach all of Greater Boston, predicting vast industrial growth and relief of current rail bottlenecks. Ex Governor Foss lauded the plan, urging improved transportation facilities and noting potential gains for Boston and nearby lines.
MENTIONED IN THIS ARTICLE
Massachusetts Real Estate Exchange
Prince
New York & New Erland Railroad
Boston
Chicago Stock Yards
New Haven
Boston & Maine
Foss
Farr Alpaca Company Pays Wage Dividends to Employees
The Farr Alpaca Company disbursed nearly 200000 dollars in wage dividends to 3000 employees yesterday. The first dividend of this kind, at eight percent, matches the stockholders’ rate of return for the year. The average dividend per person was about 60 dollars.
MENTIONED IN THIS ARTICLE
Farr Alpaca Company
Labor Board abolition and welfare reform bills filed in Massachusetts
Bills filed by the Massachusetts Branch of the American Federation of Labor seek abolition of the State Board of Labor and Industries and reorganization of the Prison Commission with a three member board. Provisions include a popularly elected labor commissioner at 7500 annually, parole and clemency review after a visit, reduced workers compensation, a nine hour workday limit for women and under 18s, and an enhanced anti fraud purchase statute. A Cambridge grade crossing study and liquor sale restrictions in grocers are also proposed.
MENTIONED IN THIS ARTICLE
State Board of Labor and Industries
Prison Commission
Massachusetts
American Federation of Labor
House of Representatives
Board of Labor and Industries
Advisory Board of Parole and Pardons
John H. Lynch
Cambridge
Public Service Commission
Suffolk District Lodge
International Order of Good Templars
Charles D. Clark
Mayor Orders Moth Assessment Abatement Plan
After a conference with the city collector Mayor Curley instructs Corporation Counsel Sullivan to draft a bill to abate all moth assessments under 1 dollar and cover the shortfall with a tax levy appropriation.
MENTIONED IN THIS ARTICLE
Curley
Sullivan
Also Mentioned on This Page
Kidder, Peabody & CO
Devonshire Street
Wall Street
Commercial Letters OF Credit
Baring Brothers & Co., Ltd
Louisville & Nashville and
Seaboard Air Line
Southern Railway
Atantic Coast Line
Seaboard
Southern
Dalso
Coast Line Control of
Atlantic Coast Line Railroad
John W. Gates
Gates
Mid
At- Hc Coast Line
Tlantic Coast Line
Louis
L&n At. C. L
New York Market
Il. &Nl
Maint
Gross
Bross
Seceess
Adams Hardware and Paint Company
Lowell, Mass
Frank M. Short
Grace Street
Charles A. Phelan & CO
Deane Tsmere
Island Greek Coal Company
Island Creek Coal
W. Batchelder
American Telephone & Telegraph Co
Vhs
Milne
Alaska
Aeil Steeee
Am Smelt & R
Am Smelt & R Pt. Io
Tel & Te
At& BF Eeteene
At& SF Pf Atl C Line
Ohio Wepeetee
Ohio Pf
Beth Steel Etpeeee
Beth Steel Pf
Bkisn R T
Bklyn U Gasseers
Cal Pet Corp
Cen Leather
P. Escaile
Erie
Etre Greterest
Saa
Goodrich B Co
Lehigh
Ett& Mae
Setae
MSP & SM
Eee Power Co
Nat E
Nynh&h
Eneene Ee
Pacific Mail
Peoria & B
Pullman
Studebaker
Tenn
the Texas Co
Union Pai
Boston Stocks
Boston Stock Exchange
AT & T
CB & Jt
CB & It
West T & T
Stoc KS
Am & of Tel Lit
Am Woolen Pf
Zincer Eegeves
Arizona Com
Beth Steel
Ad Gulf Pf
Bonanza Re Ee
Bos Elevated
Bos & Albany
Bos & Maine
Bos & Prov
Butte & Sup
Cal & Arizona
Cal& Hook
Chino
East Butte
Edison
Kerr Lake
Keweenaw
Swift & Co
Eerteee RL
Orriton
Acific
Aete
Utah
Wabash Rete
Hornblower & Weeks
Boston and
Chicago
Nevada Douglas
United Cigars
UN Prof Shar New
United Verde
Todacco
Greene-Cavanea
Tenwee
Seeeereees
Masketean
McKinley-Darragh
Iors
Mitchell Mining
Mines Co of Ametics
Vanes Sawa
Remington
Ieee
Enet Eeeepeseerege
Stewart
Tee Orssereraree Re’ Tintie Co
Union Copper
Bes Besesesen
Waver Arenes
United
Libs Acess
Utah Apex Ae SR Es
aeseNia Dee
Ee Anee
Asee Eeerererens
Penne Eereree
Jan Aereree
Serenee
Seeeree
Pee Nerve
Cine
Duluth A
St Louis
Kansas City
Toledo
Detroit
Money Markets
Seaee
Sub
Treasury Credi Ee Seeens Divin
Gia Ciecaes
Tate
Treasury
Chicago Market
Joecan Can
Gees Stsas
Dopf
Chicago City Railways
Commonwealth Edison Feet
Ouyon Cs
Chicago Telephone Carbide
Eumatic
Chicago Railways
Sways
Chicago Ilways No
Liverpool
Miay
Yerbeoeseseves
Ee Ices Ok
High Close
Atlanta Stone
Bay State Gas Itpess Ree Hes We Sbewes
Butte & Ndon
Ese
Etare
Ak Pag Sco
Wok
Mat Any
Gale Loria
Se Exhi
Pittsburg Market
Columbia Gas
Ee Rapeekeen
Sebscaer
Titee’ Brewing Etree
Chile
Lakenensis
Sears
Ohio Fuel
Sweer
Ohio Fuel Oil
Secargae
Pitteburg Brewing Pf
San Toy
Sheen Ewe
Union Switch
Westinghouse Air
Westinghouse M Teen
Westinghouse Elect
Financial News Notes
Boston & Worcester
Wolverine
Baldwin Locomotive Works
Nashville, Chattanooga
New York Stock Exchange
New York Central Railroad Corporation
Joseph H. Proctor, Jr
Edmund §. Kelley
Harry H. Learnard
The
Beacon Trust Company
Hermit’s Bank
Canada
E. H. Rollins & Sons
Devonshire St
A.B. Leach & Co
Post Office
Broadway
Wilson
R.R
Labor Board
Prison Commission OF
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!