Penn. Railroad Seeks $100,000,000 Stock Increase
Philadelphia January meeting of the Pennsylvania Railroad directors plans to ask stockholders in March to authorize a $100 million capital increase. The company cites needs for maturing obligations and improvements and proposes a 16 percent allotment with payments of half on May 1 and the remainder on August 31.
MENTIONED IN THIS ARTICLE
Philadelphia
Pennsylvania Railroad Company
Dividends Declared by Multiple Companies This Quarter
A slate of dividends is announced including Consolidation Coal Company 11 2 percent quarterly with books closing Jan 24 and reopening Feb 1, Pacific Coast Company 11 4 percent first preferred with Feb 1 record, 11 2 percent second preferred with Feb 1 record, Texas Central Rail 21 2 percent preferred with Jan 1b record Dec 30, and Dominion Coal Company 3 12 percent preferred with Jan 18 close, Jan 31 reopen.
MENTIONED IN THIS ARTICLE
Consolidation Coal Company
Pacific Coast Company
Chicago, St. Paul
Minneapolis & Omaha Railway Company
Texas Central R. R. Company
Public Service Investment Company
Dominion Coal Company, Ltd
Plymouth
Cord
St. Louis & San Francisco Railway Company
Read & Co. Buys Boston & Northern and Old Colony Bonds
William A Read & Co acquires 2.05 million first mortgage refunding bonds for Boston & Northern Street Railway due 1954 and 450 thousand Old Colony bonds due 1964. Boston & Northern, part of a 15 million issue, is legal as a savings bank and life insurance investment. Read & Co. offer price nets about 437 percent and have sold about a third of the issue. Old Colony bonds have fully sold.
MENTIONED IN THIS ARTICLE
William A. Read & Co
Boston & Northern Street Railway Company
Old Colony Street Railway Company
Boston & Northern
Massachusetts
Maine
Rhode Island
New Hampshire
New York
Connecticut
Boston & Northern Street Railway
Massachusetts Electric Companies
Boston Railroad Holding Company Stock Offered in Public Subscription
Lee Higginson & Co offer public subscription to Boston Railroad Holding Company 4 percent cumulative preferred stock. Guaranteed by indorsement of New Haven railroad and first lien on over 51 percent of Boston & Maine. Dividends paid semi annually on Jan 10 and July 10. Offered slightly below par.
MENTIONED IN THIS ARTICLE
Boston Holding CO
Lee, Higginson & Co
Boston Railroad Holding Company
New Haven Railroad
Boston & Maine
Boston Holding Company
New Haven Railroad Moves to Reorganize Central New England
The New York New Haven Hartford Railroad, controlling Central New England, calls in $1.25 million of first mortgage bonds for payment at 105. Bonds are due to be paid in full next month. New Haven owns about $200,000 of the bonds.
MENTIONED IN THIS ARTICLE
Central New England New Haven
Calendar for Today Ex-Dividend Great Northern pfn Nickel pfd
Readable fragments note ex-dividend status for Great Northern Railway preferred shares and Nickel Corporation preferred stock. No clear dates or complete details provided. summarize as a brief calendar note of ongoing ex-dividend notices.
Supreme Court hears Tobacco Trust monopoly dispute
In closing arguments before the US Supreme Court on the Tobacco Trust dissolution the party for the trusts contends that size and power alone do not define a monopoly while the government argues monopolizing arises from acts and intent to engross all of a commodity. Attorney General Wickersham asserts intent equals fraud and must be punishable. He is to conclude his argument tomorrow before continuing with the Standard Oil dissolution case.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court of the United States
Tobaccco Trust
Junius Parker
Tobacco
Wickersham
White
Tomorrrow
Standard Oil
Fish landings at T wharf and Atlantic shipping notes
Six vessels delivered 245 300 pounds of fish at T wharf including 219 000 haddock and 16 500 cod with prices quoted for haddock hake pollock and cask. The Allan Line Pretorian Ivernia and other ships reported smooth passages and arrivals at Halifax Boston and Buenos Aires while Snowdon and Belmont barks race timing noted at Rosario and Barnegat relief of Harold B Cousens at Nuirok harbor.
MENTIONED IN THIS ARTICLE
T Wharf
Ripple
Elizabeth W. Nunan
Haddock
Allan Line
Pretorian
Mystic Wharf
Glasgow
Moville
Halifax
Thomas Potter
Ivernia
Liverpool
Queenstown
Boston
Harold B. Cousens
Barnegat
N. J
St. John
N. B
Washington
Seneca
Belmont
Snowdon
Rosario
Shipping News Mini Almanac Highlights Jan 12
Maritime brief lists arrivals and clearances in harbor traffic. Ships and steamers such as Pretorian Henry State, Bay State Linscott and City of Gloucester arrive from various ports while schooners and tugs depart or tow barges to destinations including Norfolk Newport News Baltimore and Portland.
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Pretorian
Henry
Glasgow
Moyille
Halifax
Nantucket
Hudgins
Baltimore
Newport News
Norfolk
Persian
Thacher
Philadelphia
H. F. Dimock
Hawes
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Linscott
Portland
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Godfrey
Gloucester
Mass
Boswell
Haley
Newrport News
Ivie
Harvard
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Maple Hill
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Catawissa
Sevier
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Richardson
Tamanend
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Cto
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Lynn
Ere King & Co
Providence
Prescott Palmer
Carlisle
Horace M. Bickford
Trainor
Gorredyk
Rotterdam
Edda
Macoris
S. C
Arkansas
Dan
Inverie
Cailing
Clark's Point
Wiconisco
Brookside
Waltham
Greenwood
Elisabethport
Orion
Forest Belle
Guttenburg
Gatherer
Newburyport
Mary FE
Juynch
Stonington
Stoken School OF Dancing
Huntington Ave
Slye
Tremont St
Boston
Bay State
Washington St
Rayfuse
Boylston St
Bridge Academy
Warren St
Wriday
Blizzard Paralyses Manitoba Rail Traffic For Three Days
A three day blizzard rages in the Rockies crippling Canadian Pacific rail lines near Field Alberta stalling trains and disabling telegraph lines. A dozen trains are nearly buried in snow as lines stretch into the Columbia River canyon.
MENTIONED IN THIS ARTICLE
Manitoba
Winnipeg
Man
Rocky Mountains
Canadian Pacific Railroad
Columbia
Postal Savings Banks Struggle to Capture New England Depositors
After a week of trials in New England, trustees of private banks keep doors open as postal savings banks grow slowly. The foreign population shows little use due to lack of publicity, while Rhode Island shopkeepers favor government bonds. Postal stamps sell well nationwide, with Norwood Mass. noting steady signup though few foreign depositors.
MENTIONED IN THIS ARTICLE
New England
Massachusetts
Maine
New Hampshire
Vermont
Rhode Island
Postal
Postal Savings Bank
Norwood
Mass
Fales
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Inquire Apollo Factory
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