Republic Iron & Steel Co. Prefers On 7 Per Cent Basis
The Republic Iron & Steel Co. preferred stock yields seven percent and now pays an extra one percent to cover back dividends up to 1915 if earnings permit. Since 1899 the company has fluctuated, issuing bonds to shore up finances after periods of low demand, with working capital pressures and varying surplus per share, making the future uncertain and venturesome for the stock.
MENTIONED IN THIS ARTICLE
Republic Tron & Steel Co
Republic Iron & Steel Co
Alabama
Lake Superior
Canis
Aed
Republic Iron & Steel Company
Hazleton
State Street
Boston
Mass
Prices Suffer Sharp Declines In Early Trade
New York total sales 803 400 shares Boston 38 178 shares with steel common most active in both markets. Jan 1 1910 to date New York 99 183 300 shares Boston 5 928 336. Year ago New York 101 605 300 Boston 6 958 196. Gains and losses include Texas Land Trust up to 89 and Railway Steel Spring Btd down to 95 in New York. Pullman scrip up to 158 and Calumet & Hecla down to 519 in Boston. Call money 3 per cent. Time money 3 to 43 per cent.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Texas Land Trust
Pullman Scrip
Calumet & Hecla
Market Opens Weak After London Gains and Bank Report
William E. Soule reports a weak New York market with substantial price declines driven by Friday’s bank statement showing expanding loans and depleted reserves. Dry Northwest weather and rising wheat options pressured shares, with Union Pacific, Steel, Southern Pacific, Reading and Amalgamated leading losses as traders covered shorts and ended nervous.
MENTIONED IN THIS ARTICLE
London
Northwest
Union Pacific
Steel Common
Southern Pacific
Reading
Amalgamated
Copper market crash dominates local trading day
Local market followers witnessed a sharp liquidation driven by copper stocks led by Amalgamated. Copper Range American Zinc Lake Copper and Calumet & Hecla fell broadly while steel, United Fruit and Shoe Machinery also declined. The day ended feverish and unsettled with scarce volume and a bearish tone across the industrial list.
MENTIONED IN THIS ARTICLE
Amalgamated
Superior
Pittsburg
Calumet & Hecla
Helen
Steel
Telephone
United Fruit
Tamarack copper progress and Pere Marquette plans
Remarkable gains at Tamarack under Calumet & Hecla management show reduced debt, banked cash, and copper production around 12 1 2 cents per pound, with improved recovery. Pere Marquette reports rising earnings, reinvestment in property, and impending dividends as Morgan interests hold significant shares. South Lake drilling yields rich amygdaloid ore, with reports calling the lode highly reliable and the hole now 1013 feet deep.
MENTIONED IN THIS ARTICLE
Tamarack
Calumet & Hecla
Calumet Mill
Bowen pamphlet details AT&T and subsidiaries for 1909
J W Bowen & Co issues a pamphlet with detailed information on the American Telephone and Telegraph Company and its subsidiaries for 1909. The work is carefully compiled and described as very interesting.
MENTIONED IN THIS ARTICLE
J. W. Bowen & Co
American Telephone & Telegraph Company
Stock Market Report From Boston Market July 5
The Boston Market reports total sales for the day with Tested stocks at 23,594 shares and unlisted stocks at 14,584 shares. Bonds total $52,000 and scrip $140, with prices and daily comparisons to the previous close indicated in the market roundup.
MENTIONED IN THIS ARTICLE
Boston
Boston City Treasurer Seeks Bond Sale Details
Bond market notes show Boston plans to borrow 3 050 000 at 3 12 percent maturing in November 1910. New Bedford bids invited for 50 000 four percent bonds dated July 1 1910 maturing 1920. Speyer & Co buys 10 million one year five percent secured notes for Missouri Kansas and Texas Railway to finance St Louis terminals equipment and Texas Central stock. Greenfield bids requested for 45 000 four percent serial notes dated July 1 1910 with annual 8000 payments 1911 1915 and 5000 in 1916. New York State awards 200 000 five percent serial bonds to Windsor Trust at 103 13 for Canaserage Creek project.
MENTIONED IN THIS ARTICLE
New Bedford
Mass
Speyer & Co
Missouri, Kansas and Texas Railway Company
St. Louis
Texas Central Railway
Greenfield
New York State
Windsor Trust Company
New York City
Mines and rail dividends in current notes
The Barnes King mine suspended operations as directors said the property cannot be profitably operated. The Des Moines and Fort Dodge Railroad maintained a 5 percent yearly dividend on preferred since 1904, with prior rates rising and falling through 1893 to 1903. New Baltic No 1 shaft advances 20 feet in overburden. bedrock not yet reached. Cobalt camp shipments totaled 628 tons from multiple properties, while Wyandot and Boston & Corbin activities continue with new drilling in virgin territory. Ohio Copper Company processes 1250 to 1300 tons daily, yielding ore rings near 1.5 percent copper and concentrates at 30 percent. Isle Royale operations focus on cross-cutting at 750 feet. Additional workers added at Colorado Davis Daly mine and Hesperus vein crosscut. J P Powell resigns as third Vice-president of Calumet & Arizona and Superior & Pittsburg, John C Greenway named general manager in both firms. New Arcadian reports a 15-foot magdaloid lode in No 7 hole at depth six feet, with seven feet copper in commercial quantities.
MENTIONED IN THIS ARTICLE
Des Moines & Fort Dodge Railroad Company
The
Minneapolis & St. Louis
Local Bank Statement Shows 10 Year Reserve Trends
The weekly statement compares current figures with last week, outlining surplus reserves in Boston and New York over the past decade. Details highlight consistent growth and regional differences, with emphasis on reserve levels and potential implications for liquidity.
MENTIONED IN THIS ARTICLE
New York
Boston
Tees Eeesenns
Boston curb market dull session with narrow price moves
Trading on the local curb market yesterday was dull with little price movement. Leaders for the session included Chino Corbin Goldfield Consolidated and South Lake as detailed fluctuations across the curb list are provided.
MENTIONED IN THIS ARTICLE
Chino, Corbin, Goldfield Consolidated
South Lake
Also Mentioned on This Page
Chicago
Kidder, Peabody & CO
Devonshire Street
Wall Street
Baring Brothers & Co., Ltd
Republic Iron
Ocs
Potter Ore Co
Hazleton Steel Tube Co
William E. Soule
Cossip
J. P. Morgan & Co
Pere Marquette
American Hide & Leather Company
Hide & Teather Securities
Wells, Fargo Express
Indiana
Ae Werner
Ee Ee
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Torch Lake Lode
Feeene
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Int & Gt Nor Ist
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la Rose
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Boston & Corbin
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al & Corbin
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Bi Davis Daly
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Oneco Ohio Copper
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Roy Som Woo
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den & RG Fund
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Len
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N. Y
Consolidated Stock Exchange of New York
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Court Sq
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Silver King Coalition
Sam Ae
Members Consolidated Stock Exchange of
Broad Street
Baltimore & Ohio Amalgamated
Copper Lake
Lakeview
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Oakland Tribune
F. E. Bancroft & CO
Doane Street
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A. H. MacKenzie & CO
Arthur F. Dow