Rutland Stock Saga Signals Shifts In New Haven Deal
The Rutland railroad stock situation looms as New Haven may offer to buy minority shares at about 104 per share. The article analyzes control by New York Central since 1905, the ongoing rebate suit, and the impact on Rutland earnings and dividends amid debated public service commission action.
MENTIONED IN THIS ARTICLE
Rutland
New England
New York Central
New Haven
Public Service Commission
New York State
Commission
Rutland Minority
Rutland Railroad
Rutland & Burlington
Montreal
New York City
Mr. Mellen
Central Board
Ledyard
Central
Public Service Commission of
New York
Butte Central
Stock Market Totals and Major Movements in New York and Boston
Total sales across New York and Boston set records with 474 800 and 30 588 shares respectively. Reading led NY with 99 700 shares and Steel common led Boston with 3106. Year to date NY 9 653 500 shares and Boston 1 185 807 shares vs prior year NY 10 398 100 and Boston 546 576. Major NY gain Big Four from 41 2 to 59 1 2. Lorillard common fell from 6 to 182. Boston gains Mackay Co.s pref from 5 1 2 to 77 1 2. Mergenthaler Linotype fell 2 to 219. Call money NY 2 1 8 pc, Boston 2 1 2 pc. Time money NY 2 1 2 to 4 pc, Boston 3 to 4 1 4 pc.
MENTIONED IN THIS ARTICLE
Milk Street
Boston
Mass
Ann Arbor
Armour
AT & S
Atl
Do Il. & N Coll
Balt & O Prllen
Do Ple & W Va
O Do Gold
Beth Steel
Bklyn RT
Cal Gas & Elec
Ches & Ohio
Chi & Alton Ist
Chino Copper
Chi & Gt West
Chi & N W
CRI & Pac
Ee Ee
China Copper Co
Ccc&s L
Mtg
Cinn Wab & Mich
Col Midland
Cel & Soref
del & Hud
Ewes
Erie
Penn Coll
Hock Valley
Houst & Tex Cent
Hudson Co Gas
Ill Cent
Do Fund Hee
Interbor
Inter Met Cr
Lorillard Is
Louis & Nash
Cc & St
Cc & St L
Penn
Puget Sound
Ser Corp
ISL
Texas Co
UN Pac
Clee
U S Rubber
U S Steel
Wab Pitts Trust
Maryland
West Union
West Shore
Wh & L
Wisconsin Central
Do Sup & du Ter
Brown Bros & Co
Gny City
New York
Reading
Steel Common
Lorillard Common
Mackay Co
Mergenthaler Linotype
West T&t
Atchison Eee E
NY NH
Old Colony
Aera A. Ee
Bonanza
North Butte
Wollaston Ee Ee Reese
T&t
New Eng Tel
Miscei Laneou
Amoskea
Edison Lee Eee
Georgia Blec
McElwain
Mergenthaler
Pullman Co
Swift & Co
Torrington
Torrington Pf
Union Land Oo
United Fruit
Securitife
Algomah
Gulfee
Sly
Boston Corbin
East Butte
Giroux
Hancock
Indiana
Lehigh Valley
Liggett & Meyer
Nevada
O&w
C&h
Nor & Wes
Nor Pac
Pacific Mail Ee
Rock Island
Sears Roebuck
South Pacific
South Ry
Wren Rene
The
Third Ave
Sl&w
Union Pacific
Ry & P
West Maryland
Westinghouse
Wall Street Gains After London Rally Amid Mixed Signals
Traders noted a weak close the day before and morning gains in London, but New York opened with a bearish shift. Activity slowed on recoveries, while some stocks hit new highs despite declines. Steel earnings showed a slim margin but strong relative strength, and deposits at First National Bank topped 34 million.
MENTIONED IN THIS ARTICLE
London
New York
Union Pacific
Money Trust
Steel Corporation
Local Market Sees Early Bullish Tone Then Reversal
The Local Market opens with a bullish tilt as operators push gains in early trading. Profit takers move in, producing a general reaction. Mohawk property miners strike hits price, down two points to 52 and dampens early momentum. Steel common holds around 63 1 2 while Sugar Nipissing and Telephone show strength in the industrial list. Close remains highly irregular with a mixed tone.
MENTIONED IN THIS ARTICLE
New York
Bix-Dividend and Securities Totals Reported
A financial note records totals for Bix dividends and securities. It lists 18,294 listed shares and 10,986 listed shares, with bonds valued at $63,500 in fractions.
Boston curb market notes on several copper issues
Yesterday's curb market featured Porcupine Southern and Northern United Verde Extension Humboldt Smelters Nevada Utah Corbin Copper Butte Central and First National. Detailed fluctuations of each issue followed.
MENTIONED IN THIS ARTICLE
Porcupine Southern
Porcupine Northern
United Verde Extension
Humboldt Smelters
Nevada
Utah
Corbin Copper
Butte Central
First National
Chief
Cortez
Corbin
Crown Res
Arizona
Ely Consol Eee Nee
Germany
Goldfield
Hollinger
Humboldt
Majestic Mazatan
McKinley
Nevada Atabener
New Baltic
Doug
Ohio Copper See
Oneco Serene Eee
Pond Creek Coal
South Lake Se
Mutual Life 69th Annual Statement Shows Massive Policy Payouts
The Mutual Life Insurance Company of New York reports 1911 payouts to policyholders and beneficiaries totaling 57.35 billion dollars, with cash dividends of 18.63 million and 16.15 million set aside for 1912. The record year follows 1910 results, and despite a lower death rate, more insurance was in force by year end.
MENTIONED IN THIS ARTICLE
The
Mutual Life Insurance Company of
New York
Investment notes show deposits with Kida der and Guaranty firms
Current news notes report over 9 percent deposits for Inspiration and Live Oak with Kida der Peabody and Co and the Guaranty firm as custodians. The figures indicate rising confidence in these financial instruments amid market activity.
MENTIONED IN THIS ARTICLE
Kidader, Peabody & Co
the Guaranty
Also Mentioned on This Page
Chicago
Rutland Preferred
Ealrent
NEW York Bonds
Eee
Seligman Brothers
Rio de Janeiro
J. & W. Seligman Company
E. H. Rollins & Sons
Kidder, Peabody & CO
Devonshire Street
Wall Street
Baring Brothers & Co., Ltd
William E. Soule
Mason Valley
William Fish
Chicago Bus. Co
R. G. Hutchins
Charles Head & Co
State Street
First National Bank
Boston Clearings
Sub-Treasury Credit
Sub-Treasury
House of
E. H. Rollins & Sons Investment Bonds
Denver
San Francisco
American Power & Light Co
Nipe Bay
Rockland, Rockport Lime Co
American Gas & Electric Com
Pri Great Northern
Hudson River
Butte Electric & Power Common
Standard Gas & Electric
Pacific Gas & Electric
Pacific Coast Power Co
Southern California Edison
Michigan State Telephone
Jacksonville Traction Ist
Duluth
Rainey Lake
Winnipeg
Mile Street
Philadelphia
Gon Ae Inspiration
Isle Royale
South
Smelt & R
AT & S F
Ohio
China
Thompson, Towle & Co
Congress Street
Mutual Life Issues
Pollen Betdens Ates
Liverpool
Med
Charles A. Stoneham & CO
Broad St
Massachusetts
H. C. Gibbs & Co
Waltham Watch
Hood Rubber Ptd
American Glue
Cotton Mills
Massachusetts Lighting Columbian National Life Insurance
F. W. Mason & CO
Great Northern
Nova Scotia
Temiskaming
Tretheway
J. Thomas Reinhardt
Brooklyn-Arizona
Ames Shay & Co
GO State St