Boston and Maine amid talk of reorganization and earnings
Boston and Maine reports a near record 1916 gross of about $52.5 million with a $4 million surplus for stock and $10 a share for common, though the share price sits around $45. A looming $13.3 million note due July 17 prompts a six week extension and a planned reorganization likely involving preferred stock to leased line holders and cash assessments on the common.
MENTIONED IN THIS ARTICLE
Boston & Maine
Puget Sound Traction, Light & Power Company
Massachusetts Corporation
State of Washington
Puget Soundraction, Light & Power Company
Stone & Webster
Emerson Motors Company, Inc
New York
United States
St Jos
United Motors
Illinois
Ind Whee Ee Ae
Ohio
Cosden & Co
Cosden O & G
Mars
St Louis Okae
Toledo
Hagle & Blue
Market slides in forced liquidation of war brides issues
New York market observed intensified selling in forced liquidations with many issues down. United States Industrial Alcohol rebounded to 111 7 8 after a 107 1 2 low, while American Coal Products and General Chemical dipped. Shipping stocks fell, rails and metals were weak, and Bethlehem Steel faced a 7 1 2 point loss on fire damage reports. Total volume 658 000 shares.
MENTIONED IN THIS ARTICLE
New York
United States Industrial Alcohol
American Coal Products
General Chemical
United Fruit
Atlantic
Gulf & West Indies
Mercantile Marine Preferred
Studebaker
Maxwell
Chandler
Petroleum
American
Greene-Cananea
United States Steel
Bethlehem Steel
Further Liquidation in Stock Market Yesterday
Total shares sold yesterday in New York 664 545 with Boston 34 850. U S Steel led New York with 58 700 shares and Atlantic Gulf led Boston with 7 171. For the year to date New York 89 854 618 and Boston 6 544 974. Compared with last year New York 65 057 800 and Boston 6 628 187. Notable gains U S Ind Alcohol 2% to 111% in New York and Boston Elevated 3 to 76%. Notable losses Mercantile Marine 67% to 80% in New York and Atlantic Gulf 334 to 5834 in Boston.
MENTIONED IN THIS ARTICLE
New York
Boston
U. S. Steel
Atlantic Gulf
U. S. Ind
Mercantile Marine, Ptd
Steel i
Smelt & R
Smelt & R Pf
Smelt Pf A
Bugar Ae
Suga
Tel
Tree Nee
Ajax Rubber Co
Alaska
Juneau
At& EF
Allis-Ch
Atl Coast Line
Gulf & WI
Atl Gulf
Baldwin Ds Asics
Ohio
Beth Steel
Brown Shoe Co
Butte & Sup
Hide & Li
Butterick
Hide & Lpt
Cal Pet Corp
Hes & Ohio Reeves
C &Gw
Chi& NW
CRI & Pry
Chili Cop Co
Os Fuel & Iron
Ooka Ae
Denver & Rio G
Ideg
Denv & Rio G Pf
Detroit and Ry
Distillers
Dome Mines Eee Eee
Elee Star Bat
Erie Ist
Fed M & 8 Pf
Elee Eens
Os Deen & & Co
G'drich
Gt Nor Breom
Greene-Can
Gulf State
Illinois Central
Interboro
Agr Corp
Harvester
Ou Pf Ct
Kan City Kopf
Kennecott
Aclede Gag
Lake Erie & W
Liggett & My
Lentsmond
Sierenst Motor
May Dept Store
Une Dept
Mean & Tex
Mo Pacific Issau Pac Ct
Bi Mont Power Co
Wall Street Liquidation Deepens Market Decline
Boston market notes another five hour liquidation session with severe reactions despite easing international tensions. Analysts cite early peace readjustments and peak industrial boom as reasons. copper and other metals lead declines while brokers cut loans on specialty collateral. Atlantic Gulf falls to 58 3-4. copper stocks drop 3 to 5 points. A sharp copper price break is anticipated.
MENTIONED IN THIS ARTICLE
Boston
Mexico
Germany
Atlantic Gulf
Weakness in International Mercantile Tied to Shipbuilding Funds
The firm blamed its weakness on choosing to reinvest accumulated profits into new ships rather than distributing them to stockholders.
Also Mentioned on This Page
Kidder, Peabody & Co
Devonshire St
Wall Street
Baring Brothers & Co., Ltd
London
Maine
API
Etee Oa
New York Market
Richardson, Hill & Co
Congress
Boston Stock Exchange
New York Stock Exchange
New York Cotton Exchange
Chicago Board of Trade
National
Frank J. Smith
Congress St
Main
Cities Service
Williams,Trothé Coleman
Wall At
Columbus
Phila
A. Sutcliffe & CO
State ST
Boston-Ely
Boston-Montana
A. F. Dow & CO
Crystal Copper Co
Walter Harvey Weed
E. M
Weed
A. C. Ray
Basin
Montana
Ray
Crystal
John E.allen & CO
Thomas G. Plant Co
SCRIP
Hornblower & Weeks
Congress Street
Chicago
Providence
Portland
Detroit
Nynh&h
NY Ont & W
Nor & Wes
Acific Ese
Philadel Co
PCC & &T L Pf
Pitts Coal Pf
Ry St
St Louis
Fwi
Sealy Lps
Shattuck-Ariz
Sloss-Sheff
South Pacific
South Ry
Texas Pacific
the Texas Co
Third Ave
Union Pacific
Union Pac Pf
United Cigar
UN Cigar Tores
UN RysInv
UN Ry Inv
Uscip&feeeee
Tscip PLC
West Biaryland
West Union Creeee
Westinghouse
Westing
Wh & L Erie
Wil-Overland
Wis Central
Woolworth
Aaa
Boston Stocks
Swift & Co
West T & T
Ahmeek Ae Eee
Alaska Gold
Allouez Reipeee Ees
Ag Ch
Arizona Com Se Ee
Gulf Ah
Gulf Pf
Bos
Bos & Albany
Bos & Maine
Butte Ballak
Butte & Sup Pees
Cal & Arizona
Cal & Hecla
East Butte
Santa
U S Smelt of Sane
Utah
Bonds High
Colden Oi
Butte Co
Canada
Gaston W
Reo Motor Company
Ford
Hupp
Saxon
Chalmers Motor Car Company
Paige-Detroit Motor Car Company
Hupp Motor Car Company
Chandler Company
Sterling-New York
Jos. A. Anglada
Westinghouse and
Standard Oil Co
Central Park West
British Empire Motors, Limited
England
Norway
Sweden
Duncan, Dowd & Co., Inc
Wall St
Sterling Auto Mfg. Co
B. P
Robert P. Matches & Co., Inc
C. R. Berry & Co., Inc
Newport
Devonshire Street
Mass
Bellin
W. C. Mack
Mack Motor Trucks
Metropolitan Motors
Delaware
Geo. A. Baker
Directo
Bernard Hoersgen
S. Hirsch
Mack Motor Car Company
America
Railroad Magazine
Railway Men's Educational Association
Krefeld Steel Co
of America
White Star Motor & Engineering Co
Richmond
Lock Joint Pipe Co
New York City
American Beet Sugar Co
Chas. W. Paget
Mack
Metropolitan Common
Warren C. Daniel Candler
City B. P
Warren C. Daniel
Candler Bidg
City Ee. B. P
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