Weak spots in the railroad situation loom for 1914
Editor analyzes railroad finances with four roads Boston and Maine Denver Rio Grande Missouri Pacific and Missouri Kansas Texas facing potential receiverships. Denver Rio Grande and Western Pacific debt burden, Missouri Pacific seeking new financing via preferred stock, and Missouri Kansas Texas facing possible receivership as notes come due. Strengths and weaknesses of New Haven and other lines noted amid a market downturn.
MENTIONED IN THIS ARTICLE
Boston & Maine
Denver & Rio Grande
Missouri Pacific
Katy
New Haven
Missouri
Kansas & Texas
Western Pacific
Chesapeake & Ohio
The
Post
Denver & Tio Grande
Erie
Rock Island
Missouri, Kansas & Texas
Price Reached on Active Dealings Rally in Final Operations
California Petroleum Missouri Pacific American Can Lehigh and Denver issues show strength as markets rally in late trading. Elevated activity pushes new highs on movement.
MENTIONED IN THIS ARTICLE
California Petroleum
Missouri Pacific
American Can
Lehigh
Denver
Market updates show New York Boston trading activity
Yesterday's markets report total NY sales 239600 shares and Boston 12128 shares. Most active NY issue Steel 27300 shares while Boston's was New Haven 2856 shares. YTD totals compare 40415100 NY and 2992024 Boston versus last year's 48030600 NY and 2921204 Boston. Notable gains include California Pet pref in NY and Boston Elevated in Boston. losses include Cent of New Jersey in NY and New Haven in Boston. Call and time money rates are listed for NY and Boston.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
New Haven
California
New Jersey
Renee
Butte & London
Boston Ely
Calaveras
Cal & Corbin
Crown Res
Sub-Treas
Davis Daly
York
Dean Aris
Eagle & Blue Bell
Majestic
Goldfield Cong
Nevada Coug
United
Market Irregularity Yet Firm Undertone In New York Stocks
The New York market showed uneven movement with a firm undertone. New Haven fell to a fresh low of 54 1 4 but recovered half, while New York Central and others tested supports amid bear raids. Gould issues rose 1 to 2 1 2 points as Pacific Coast and California Petroleum moved, and total par value sales reached 1 906 000 with United States bonds unchanged.
MENTIONED IN THIS ARTICLE
New York
New Haven
New York, Westchester & Boston Railway
Interstate Commerce Commission
Canadian Pacific
New York Central
Baltimore & Ohio
Gould
California Petroleum Common
Pacific Coast Company
London
White House
Middle West
United States
Local Securities Trade Bears Mixed Momentum in Boston
In Boston on July 14 transactions in local securities totaled 12 128 shares with early gains in Elevated New Haven Telephone and Steel fading to irregular trading before closing firmer. New Haven fell to 54 1 2 from a 57 high and 551 8 close while Boston Elevated rose to 1007 8 a new high. Dividend action by Boston Elevated directors is expected July 27 with a probable increase from 4 percent.
MENTIONED IN THIS ARTICLE
Boston
New Haven
New York
Elevated
Bond Market Update Highlights State and Rail Movements
The New York bond market showed a recovery in Missouri Pacific issues and notable moves in New York Westchester and Boston 44s and Wabash refusing 4s.
MENTIONED IN THIS ARTICLE
Missouri Pacific
New York
Westchester
Boston
Wabash
Stock Exchange Bond Transactions and Harbor News
The report covers bond transactions in thousands of dollars and daily market totals. It notes total sales of $2,047,000 yesterday and $2,015,000 for the prior week, with $391,857,000 year to date. It also details fishing prices for haddock and cod, plus vessel arrivals such as B. & Bessie and C. Mildred, and multiple ships near Boston including the Acushnet patrol report and the Laconia’s expected port call.
MENTIONED IN THIS ARTICLE
AK Se Pacific
Maes
Mist
Psahaadr Reeth Wa
Dee
B. & Bessie
A. B. Nickson
C. Mildred
Pearl
W. H. Reed
Florida
Luke Morrisey
Swordfisherman
Grand Banks
Boston
Etta Vaughan
Thorbourn
Bridgewater
L. N. Godfrey
Emma E. Potter
Walker
Clementsport
N. S
Cochran
United Fruit
Havana
Bocas del Toro
Nantucket
New England
Sangstad
East Boston Flats
Mystic Wharf
Buenos Ayres
South America
Windrush
Roberts
Melrose
Everett
Ben Nevis
Santa Fe
St. Lucia
Cunard
Laconia
Boston Light
Bond Market Notes in Brookline and Bristol County Issuances
Brookline Mass awards 167000 in 4 percent bonds to Old Colony Trust Co at 102.617 with 131000 dated 1918 and 6900 annually 1915-1934 plus 36000 dated 1913 and 4000 annually 1915-1923. Other bids from Adams & Co Miller Roe Tagen Curtis Sanger Blake Bros Parkinson Burr Estabrook Day Blodger N W Harris Merrill. Bristol County sells 45003 4 percent bonds dated July 15 due 3000 annually 1915-1929 to Blake Bros at 101.8. Other bidders include Adams Wm. P. Bonbright Blodger R L Day N W Harris Merrill.
MENTIONED IN THIS ARTICLE
Brookline
Mass
Old Colony Trust Co
Adams & Co
Miller, Roe & Tagen
Curtis & Sanger
Blake Bros. & Co
Parkinson & Burr
Bristol County
Wm. P. Bonbright & Co
Blodger & Co
R. L. Day & Co
N. W. Harris & Co
Merrill, Oldham & Co
Old South Trust seeks charter change and capital reduction
Current notes report Old South Trust Company petitioning the bank commissioner to incorporate with a capital of 200000 and a 40000 surplus, instead of absorbing Mechanics Trust with 500000 capital. Also cited are Iron Cap Copper May results, American Trust registrar appointments, and Liberty Trust surplus increase to 250000.
MENTIONED IN THIS ARTICLE
Old South Trust Company
Mechanics Trust Company
Mechanics Charter
Old South
Iron Cap Copper Company
Metal markets report dull copper and tin prices
Copper on the New York Metal Exchange showed dull activity with September prices around 13.35 to 12.75 for spot and 13.75 to 13.87 for electrolytic. Tin stayed irregular with September around 31.25 to 31.75. Lead and spelter were quiet, antimony dull, iron unchanged.
MENTIONED IN THIS ARTICLE
New York Metal Exchange
Cookson’s
Dividends Declared by Kerr Lake Mining and Others
Kerr Lake Mining Company declares a regular quarterly dividend of 25 cents a share payable Sept. 15 to stock of record Sept. 1. Railway Company pays a usual dividend of 1 percent on Aug 1 to registered stock as of July 21. United States Realty and Improvement Company declares a regular quarterly dividend of 1 1/4 percent payable Aug 1 to stock record July 21.
MENTIONED IN THIS ARTICLE
Kerr Lake Mining Company
Railway Company General
United States Realty and Improvement Company
Shorty Returns in Sewell Ford’s Peeking In on Pedders
Sewell Ford’s Sunday Post Magazine offers another strong entry titled Peeking In on Pedders. Shorty returns to the scene with his customary wit and sharp social observations, delivering brisk humor and vivid character sketches.
MENTIONED IN THIS ARTICLE
Shorty
Pedders
Sewell Ford
Sunday Post
Pacific Coast Co. Reduces Dividend Despite Coast Business Slump
New York July 14 Directors of the Pacific Coast Company, owner of Pacific Coast Steamship lines from Alaska to Mexico, cut the second preferred and common stock dividend from 1.5 percent to 1 percent quarterly, while maintaining the 1.25 percent quarterly preferred. Officials cited a nationwide downturn with sharper effects on the Pacific coast.
MENTIONED IN THIS ARTICLE
New York
Pacific Coast Company
Pacific Coast Steamship Company
Pacific Coast
Alaska
Mexico
Shipping News Arrivals and Movements of Vessels
Shipping notices list steamers and schooners arriving and sailing from ports such as Glasgow, Rotterdam, St John NB, Portland, Philadelphia, and New York. Vessels include Numidian, Soestdy n, Governor Dingley, Emma E Potter, Maria Teel, Ette Vaughn, Mary F Cushman, and many barges and tugs. The record covers arrivals, departures, towing operations, and fleet movements across Atlantic and Gulf ports with numerous names and destinations.
MENTIONED IN THIS ARTICLE
Numidian
McKillop
Glasgow
Soestdyn
Filippo
Rotterdam
St. John’s
N. F
Prince George
McKinnon
Yarmouth
N. S
Dingley
Clark
St John
N. B
Eastport
Portland
Bunker Hill
Crowell
New York
George Ri
Warren
Sheffield
Norfolk
Dorchester
Hatch
Camden
Hawley
Bangor
Ransom B. Fuller
Dennison
Rockland
Linscott
Bath
Gloucester
Limekin
Cap Ann
Godfrey
Mass
Jonas Jt
French
Anderson
Newburyport
Herbert
Rickes
Suffolk
Hersey
Emma E. Potter
Walker
Clementsport
Maria
Teel
Eastman
Port Arthur
Texas
Ette Vaughn
Thorbourn
Bridgewater
Mary F. Cushman
Wallace
Millbridge
Tags Mars
Calhoun
Ontario
Harrisburg
Philadelphia
Gettysburg
Richards
Thomaston
Saco
Waverly
Georges Creek
Brooks
Baltimore
Washington, D. C
Portsmouth
Daniel Willard
Nelson
Devine
Gabarus
C. B
U.S
Chicago
Bar Harbor
U. S
McDonough
Dupont
Liverpool
Queenstown
Caronia
Liverpool Queenstown
Fishguard
Aracoa
Cuba
England
Presto
Evangelie
Halifax
Hawkesbury
Charlottetown
California
Newport News
Quantico
City of Augusta
Savannah
H. Devereaux
Reliance
Ipswich
Hercules
Princess
Edward
Eveleth
Salisbury Beach
Pruden
Hampshire Powell
Nellie
O, Co
Salem
Undercliffe
Rondout
Binghampton
Weehawken
Washington
Plymouth
Port Johnson
Lykens
Beechwood
Clarke Point
Lincoln
Langthorne
Carlisle Philadelphia
Draper An Ephrata
Tabor
Franklin
Portend
Mars
Also Mentioned on This Page
Wall Street
Investment Securities Commercial and Travellers
Letters of Credit
Baring Brothers & Co., Ltd
Ceivership
Miller
Rio Grande
Missouri Pacific Financing
Boston & Ne
Goulaé
Speyer & Co
Kuhn Loeb & Co
Fost
Virginian Railway Co
LEE, Higginson & CO
New York Market
Smelt & A
Smelt & R
Tel & Tel
At& SF
Batopilas
Beth Steel
Bklyn R Teale
Cal Pet Corp
Cal Pet Corp Pf
Can Pacific Se
Cen Leather Eeree
Ae & Ee
Chim & Ap Pf
Erie Ates
Helme Co Pt
Wiles
Miami Co
Msp&s
Mont Power Co
NatE&§ +ee
Nor Pac
Nor& Wes
Penn
People’ S Gas
Peoria & E
Pitts Coal
Ray Con
Reading
Rock Island Pf. OY
Rumely Co
Sears-Roebuck
Studebaker
Texas Ae
Third Ave
Sal A
Sl&w
Grier Pacific
U Dry
Utah
Va Carem
Westinghouse
Industrials
Riker & Ege
Savoy Oil S Sterling Gum
An Cig
Wayland Oil&g Wi
Braden Coer
West End Como
Minneapolis Street Railway
And
St. Paul
Consolidated Mortgage
Twin City
WM. A. Read & CO
Congress St
Boston Stocks
At&t
Alaska Gold
Allouez Ship Eee
Ager
Woolen Pf
Arizona Om
Atchison Seenee
Atchison Pf Wennon
Bonanza
Bos & Alban
Bos Eleva
Bos & Lowell
Bos & Maine
Butte Ballak
Butte & Sup
Cal & Arizona
Chino One Eese
Daly West Peenee
East Butte
la Salle
Maine Central
Mass Gas Pf
Ny&nh
Old Colony
Old Dominion
Pullman Co
Ray Consol
Rutland Pf
Sup & Bos
Shannon
Swift & Co
Tuolumne
U S Smelti
US Smelt
U S Steel
U 8 Steel
Utah Cop Bt
Victoria
West End
Western Uni
Winona
Wyandot
Standard Oil
Alo-Am Oil
Atlantic Refining Sea Eeeeree
Bornemoser
Buckeye
Eseboro
Colonial Oieae
Continental Diveneer
Crescent Pi Rhine
Cumberland
Eureka
Catena Siena Oile
Indiana Pi
National Ste
New York Transit
Ohio Oilorthern
Peere Este Beseereseseress
Pierce Oil Corp
Eses Eeuietaess
Teres Esares
Sete Eee
Udard
Cal
Enwtanes
Cesseatvase
Ohio
Swan & Finchers
American Telephone & Telegraph Co
American Telephone and Associated Holding
Eee
Money Markets
Richardson, Hill & Co Bankers
Congress Street
Canada
Lachine,p.q
City of
Montreal
N. B. Stark & Co
Toronto
New-York
Neaw York
Sita Ceialt
Eeers
Beth
Atte Tee Twee Reese
Vara Wa
Vandes Aes
High Point
Tully Eice Sss
Eeeree
Minneapolis
St. Louis
Kansas City
Figibird
Sas
Casteergsscekarss Ae
Naiss
Stock Exchange
St Wilt
Hm & Col
India
Trust Codfsee
Armour & Co Real
Geahieas
Seab Air
Seab
T&r
Ehazaz
So Pacific
Jnion
Me of
Haddock
Pollock
Hake
Lucanly
del Cabral
Phil
Manter
Penny
W. Goodspeed
Waltham
Ate G. de Costa
Vanessa
Pontiac
R. Brown
Seraie
Nwn
Ori&pry
Cumberland T
Ry Vateee & R Grig
Erie Gallien
Tees
Nyc
Motors
Great Nor
Teeese Adams Express
Hocking Val
Roch & P
KCRS
Balt
Balt & O
O Pitts Q
Beth Eisel
Bklyn Rap
Bklyn Tap
Oas
Bklyn UN Gas
Cal Gas
Cen
Taeee
Liggett & M
Neal
Wito
Knexy
Mankstias Ry
Eeee i
Minn & St L
Seeeee
MK & T
Mk&t
Eeees Fo Pac
Tee
Paar J S& Steel
American Trust Company
Kimball Building Trust
Revere Sugar Refinery
Snow Associates
Liberty Trust Company
Metal Markets
Pacific Coast CO
Shipping News
Hunt, Ellis & Co
Consolidated Stock Exchange of
N. Y
State Street
Broad Street