New York traction muddle tests market as subway row swells
The New York traction scene shows a volatile see saw between Interborough Metropolitan and Brooklyn Rapid Transit stocks amid Board of Estimate awards for new subway routes. Officials warn the situation remains unsettled with potential legal delays and merger pressures shaping future operator roles and financing.
MENTIONED IN THIS ARTICLE
Brooklyn Rapid Transit
Interborough
Brooklyn
New York City
Interboro
Interborough Metropolitan
Interboroughs
New York
Metropolis
Gaynor
Public Service Commission of
Public Service Commission
Board of Estimate
Brooklyn Rapid Transit Company
Interborough Rapid Transit Company
New York Traction
Brooklyn Company
R. T
Interborough Rapid
A _mer- Ria
Opera- Brooklyn
Market Quotations Fluctuate Widely Across Cities
Market figures show New York sales totaling 416,800 shares and Boston 12,251. Reading led New York most active with 98,900, while Steel common led Boston with 1,661. Year to date totals: New York 56,723,900 and Boston 3,724,815. Comparisons with last year show declines in both cities. Notable moves include Crex Carpet up and General Chemical down in New York. St Paul up and Maine Central down in Boston. Call money in New York 2 3 8 percent and Boston 2 1 2 to 3 percent. Time money New York 2 1 2 to 3 3 4 percent and Boston 3 1 2 to 4 percent.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Steel Common
Crex Carpet
General Chemical
St. Paul
Maine Central
London Morrocan scare stirs modest market gains and price steadiness
Amid war scare and European turmoil London prices turned weak at open but steadied quickly. By end of first hour most losses were small as a rough half of daily volume traded early. The Interstate Commerce Commission rate decision dented bears little impact while insurance securities extension looms large for future markets. Weather report adds drought relief optimism for crops.
MENTIONED IN THIS ARTICLE
London
Interstate Commerce Commission
Europe
Local Market Quiet With Small Nipissing Gain
The local market was quiet with little news or price movement. Nipissing gained a full point to 81 2, and Calumet and Arizona reduced copper costs to just under eight cents per pound after its merger with Superior and Pittsburg, a notable decrease from prior output.
MENTIONED IN THIS ARTICLE
Nipissing
Cal
Boston Market Stocks and Bonds Report July 25
The Boston Market reports stock and bond price movements with total sales and comparison to the previous close. Bond listings follow, detailing yields and changes across issues.
MENTIONED IN THIS ARTICLE
Boston
Butte Coalition Declares 25 Cent Dividend Total Payout
The Butte Coalition announces a 25 cents per share dividend, bringing total disbursements since formation to 4,450,000 dollars or 4.45 dollars per share. Thompson Towle & Co report from Salt Lake City that Allison, likely acting for Guggenheim interests, offers to buy two thirds of Ohio Copper Company bonds at 80, with Catron interests taking the remaining one third, plus a 100 percent stock bonus with the bonds.
MENTIONED IN THIS ARTICLE
Butte Coalition
Milk Street
Boston
Maas
Lastigha
Allis Chalmers
Ag Chem
Do Col Trust
Kta
Armour
Ann Arbor
Atl Knox & Cin
Wery Nog Central Leather
R & B Co
Ches & Ohio 1St
Bur & Qy
Chie, Ri& Pac
Ster
THY
Col & Southern
del & Hudson
IRS
den & RG
Dupont
Erie
General Motors
CFS & M
Nek Steel
Lake Shore
Lents & Nash
Ray Metropol St Ry
EK & T Ist
Wl Mo Pac Collat
Eee Eee
Noy & Wes
Pac Fel & Tels Stee
Pub Ser Corp
Ewe
Tri City
Agr Pac
Andy el London
Weer SA
S Steel
West
West Flee
Wiscon Cent
Boston curb market features and price swings detailed
Yesterday's curb market highlights include United Verde Extension moving from 88c to 58c then 90c and closing at 91c. Lion Hill Consolidated traded 83c to 55c with odd lots at 56c. Sixth car shipment from the shelter netted over 1800 dollars, well above average. Amalgamated Nevada eased to 10c while Rhode Island Coal topped $2. Porcupine issues remained firm amid heavy trading. Overall curb list fluctuations summarized.
MENTIONED IN THIS ARTICLE
United Verde
Lion Hill Consolidated
Amalgamated Nevada
Rhode Island Coal
Boston city bond notes seek receiver for Winona rail line
Boston has borrowed 1 million dollar in anticipation of taxes bringing total this year to 2 million. The loan bears 284 per cent interest. Old Colony Trust Company of Boston as trustee seeks appointment of a receiver for the Winona Railway and Light Company in a default on 60 per cent bonds of 495,000 and to foreclose the mortgage. Most bondholders reside in Boston.
MENTIONED IN THIS ARTICLE
Brooklyn Rapid Transit
Interborough
Brooklyn
Kate
Inter-Met
Interborough Company
Shants
City of New York
An Borough Rapid Transit Company
Inborough-Metropolitan Company
Inbough Rapid Transit
Boston
Old Colony Trust Company of
Winona (Minn.) Railway & Light Company
Dividend Declarations From Major U S Steel And Steel Firms
United States Steel Corporation declares quarterly dividends of 13 4 percent on preferred and 11 4 percent on common. Inland Steel Company sets 13 4 percent quarterly with record date Aug 19 and Sept 1 payment. Butte Coalition Mining issues 25 cents quarterly with books close Aug 16 reopening Sept 2. Ashton Valve Company posts 2 percent quarterly with record date Aug 16.
MENTIONED IN THIS ARTICLE
United States Steel Corporation
Inland Steel Company
Butte Coalition Mining Company
Ashton Valve Company
Competition Stories By King And Brown In Sun Day Post
Next Sunday's Sun Day Post Magazine features two entries from the $10,000 short story contest. Emmet C. King and Abbie Farwell Brown are named as authors of the selected stories.
MENTIONED IN THIS ARTICLE
The
Sunday Post
Emmet C. King
Abbie Farwell Brown
Spreckels accuses Havemeyer in sugar trust probe
In New York on July 25 the congressional committee investigating the sugar trust heard Claus A Spreckels known as Gus Spreckels accuse H O Havemeyer and the American Sugar Refining Company interests of causing the rift with his father and brother that lasted 15 years.
MENTIONED IN THIS ARTICLE
New York
Washington
Congressional
Sugar Trust
Claus Augustus Spreckels
Gus Spreckels
H. O. Havemeyer
American Sugar Refining Company
Spreckels Refiner Narrates Family Rift and Sugar Conflicts
Spreckels says he resisted American Sugar Refining Company pressure after it gained a minority stake in the Philadelphia refinery. He cites stories to his father in San Francisco and a later reconciliation before his father’s death. He produced letters from Havemeyer and John E. Searles showing price controls and urging not to undersell. A Washington committee will meet soon to appoint experts and report in fall.
MENTIONED IN THIS ARTICLE
Spreckels
Philadelphia
Mr. Spreckels
American Sugar Refining Company
San Francisco
John E. Searles
The
American
Searles
Washington
Holsteins 60 in palace cars head to New Zealand
Eight thoroughbred Holstein Frisian cattle from Dutchland farms in Brockton leave for New Zealand in palace cars. Buyer W S Lovelock will oversee the journey, aiming for a record long trip via Wisconsin to Watertown, then to the Pacific coast. Travel time totals about 30 days with 15 days in quarantine after Frisco stop.
MENTIONED IN THIS ARTICLE
Brockton
Pacific Coast
Wisconsin
Watertown
Young Newfoundland priest becomes 34-year-old bishop
St John s Newfoundland July 25 Archbishop Stagni consecrated Father Michael Power parish priest of Harbour Breton as bishop of St Georges making him the youngest bishop in the British empire at 34 Power a native of St John s Newfoundland and Archbishop Stagni s arrival has been met with notable welcome demonstrations.
MENTIONED IN THIS ARTICLE
ST. John’s
N. F
British Empire
Stagni
Canada
Michael Power
Harbour Breton
St. Georges
Newfoundland
Power
Calendar for Today Meeting Westinghouse Electric
Today’s listing shows a meeting with Westinghouse Electric and opening books for Homestake Mining. Ex dividend for Mohawk Mining noted, indicating corporate finance schedules and share actions.
MENTIONED IN THIS ARTICLE
Westinghouse Electric
Also Mentioned on This Page
Chicago
Kidder, Peabody & CO
Devonshire Street
Deston
Wall Street, New York
Raring Brothers & Co., Ltd
NEW York Traction Situation
Interborough-Metropolitan Co
Interborough-Metropolitan
Rapid Transit
Stock Exchange
Interborough Companies
Brooklyn Financing
B. R. T. Long
Trac’ Sey F
Hts
R.R. Tran
Nassau el
Brook
City
R.R. Sit Ry
Williamsburg Brook
Queens Dev Sea Beach
Ait. St
All Surface Lines Transit Co. Ry
Mook
City Ry
Third Ave
Ghandler Bros.& Go Bankers and Bnnkers
Milk St
New York Stockchange
Philadelphia Steel Exchange
Chicago Stock Exchange
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Chicago Board of Trade
William E. Soule
Vabie Db
Eee
Dass Eowe
Boston Clearings
Cever
Boston Boston Sub-Treasury
Bankers
Ng Commercial
Aee
Ask
Cseee
Seereeeers
Seere Seeee
Anne Wee Eae
Isis
West T & T
Atchison Ee
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Bos & Maine
Cena
Mil & St P
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Fitchburg Pf
Gt North Pf
Maing Central
Dorts
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Adventure
Allonez
al & Arizona
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Daly West
Nevada
North Butte
Quincy
Wolverine Ee
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Oe Io
Smelt & R
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Bklyn RT
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Ches & Ohio
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China
Ieee Eeewe
Escoes
del & Hudsbees
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Pacific Mail
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RTE
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Eeee
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Bea
Sean
Seees
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ssceueuueDec
Ciscsesadne
Eeveees Alig
Isted Securities
Amalgamated RY
Ax Chem . Bet
Boston Corbin Sae
Giroux
Hancock
Indiana RY
Ahmeek
Arizona
Corbin Sere Tao Wee
Crown Reserve HQ
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Dobie
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Ete Ems
NEW York Bonds
Grandler Bros.& Ga
AKYW
York
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Ene
la Rose Too
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Ray Central
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Charles A. Stonehama Co
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Beck Tunnel
Eseerene
Black Jack Peer
Wwe
Jarisa
Seem
Werner
Cedar Talisman Colorado
Columbus Consolidated Isp
Icelate
Daly Judge
Grand Central Ee
Blossom
King William
Victoria
Yankee Consolidated Pere Para
Field Iay
Apex Eee
Crown Chartered
Foley O’brien
Moneta Hollinger
Pearl Lake
Porcupine Gold
Vipend
Preston East Dome
Swastika A. Eonnee
Tisdale
West Dome
Sugar King
New Zealand
Homestake Mining
Mohawk Mining
Thomas A. Maloney
Congress St
Mass
Porcupine
J. Thomas Reinhardt
Devonshire St
King St
Toronto
Broad St. N. Y
Mes Shay & Co
State St
Bostgmh
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