American Tobacco Company bond holders urged to deposit stocks
Following a US Supreme Court decision a committee seeks to dissolve and reform the Forty Year Six Per Cent Gold Bond package. Bondholders are urged to deposit bonds with Guaranty Trust Company of New York by August 28 1911 for certificate issuance and potential NYSE listing.
MENTIONED IN THIS ARTICLE
The
American Tobacco Company
Supreme Court of the United States
United States of America
Guaranty Trust Company of New York
Guaranty Trust Company OF
New York
Nassau Street
New York City
Supreme Court
New York Stock Exchange
Consolidated Tobacco Company
Morton Trust
Guaranty Trust Company of N
Stocessor
Trade Developments Dominate Dun Review Outlook For Cotton Crop
R G Dun weekly will note conflicting influences on trade from the Canadian reciprocity bill Morocco talks and Spokane rate case while stressing near term gains in the cotton crop. Primary cotton goods markets are quiet as forward orders shrink to specialties. Export shipments rise vs last year as buyers await inventories and merchants hold back for a large cotton harvest.
MENTIONED IN THIS ARTICLE
New York
R. G. Dun & Co
Morocco
Interstate Commerce Commission
Spokane
Hall River
New England
Boston
Bondholders urged to deposit securities for plan of dissolution
The Supreme Court directs dissolution proceedings for The American Tobacco Company and Consolidated Tobacco Company. A committee invites all Four Percent Gold Bondholders to deposit bonds with Guaranty Trust Company by August 28, 1911, to support a plan and possible NYSE listing.
Market notes on leather supply and demand trends
The report highlights firmer contracting for present needs than for moderate quantities. Scoured oak backs are the market’s strongest feature, calf leather sells well, other upper stock is less active yet steady demand persists.
Bradstreet's Review: Trade Mixed as Summer Weather Aids
Bradstreet's Review reports sentiment improving for fall with cooler weather and good rains boosting cotton conditions, while raw cotton futures and tariff worries unsettle textile trade. Iron and steel show gradual gains, copper remains quiet, tin active due to plentiful supplies, and bank clearings rise 5.6 percent. Wheat and corn exports to July 27 total 2.51 million and 0.35 million bushels respectively. four weeks exports reach 17.34 million.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
Corn Belt
United States
Canada
Telegraph
Preferred Stock Committee Urges Immediate Action for American Tobacco Holders
A committee of stockholders seeks to protect holders of preferred stock in The American Tobacco Company following a Supreme Court directive. Holders are urged to deposit certificates by August 28, 1911 with Central Trust Co of New York, blank-endorsed and stamped, with certificates listed on the New York Stock Exchange.
MENTIONED IN THIS ARTICLE
Euprema Court of the
United States
American Tobacco Company
Clienit Court of the
Consolidated Tobacco Company
Guaranty Trust Company of
New York
Nassau Street
New York Cty
Supreme Court
Guaranty Trust Company
New York Stock Exchange
Supreme Court of the United States
United States of America
Central Trust Company OF
Wall Street
New York City
Crops Lift Outlook as Trade Springing in Canada
For the four weeks ending July 27 corn exports total 2 759 027 bushels, up from 1 298 471 last year. Trade in Canada is fair for the season and the fall outlook is exceptionally good as crop conditions stay favorable, with Montreal reporting good trade for the season. Business failures for the week ending Thursday total 22, down from 41 in the same week in 1910.
MENTIONED IN THIS ARTICLE
Canada
Montreal
Local Market Quiet Amid Mixed Price Shifts
The local market was quiet with small price changes. Lake Copper led activity as its price fell from 35 to 38 1 2, then slid to 34 1 2 and closed at 34 1 4. United Shoe Machinery dropped from 48 1 2 to 46 1 2, closing at 47. Other notable items included Steel common Telephone North Butte and Arizona Commercial. The Boston & Corbin bond issue to fund a smelter had no market impact, disappointing expectations of a sharp move.
MENTIONED IN THIS ARTICLE
Lake Copper
United Shoe Machinery
Steel Common
Telephone
North Butte
Arizona Commercial
Boston & Corbin
Prices Steady As The Market Narrows
Total sales New York 235400 shares Boston 13484 shares Most active issue in New York Reading 59000 shares Most active issue in Boston Lake Copper 915 shares Total sales Jan 1 1911 to date New York 57750900 shares Total sales Jan 1 1911 to date Boston 3775275 shares Corresponding period last year New York 111091800 shares Corresponding period last year Boston 7837355 shares Greatest gain in New York list Westinghouse ptd 4 to 118 Greatest loss in New York list N Y O W 23 to 43 ex div Greatest gain in Boston list Chicago Junction 2 to 160 Greatest loss in Boston list Bos Sub Elec pro 3 to 73 Call money In New York 2 percent in Boston 2 to 3 percent Time money In New York 31 to 34 percent in Boston 34 to 44 percent
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Lake Copper
Westinghouse Ptd
N. Y
Chicago Junction
Bos
Elec
Grandler Bros& Ge
Milk Street
Mass
Adams Express Co
Allis Chalmers
Mass Flee
Am Ag Chem
Portland Elec
Pullman C
T Coll Trust
Swift & Co
United Fruit
AT & S
United Shoe M
Steel
B & O Gold
Ee Ae
B & W Va
Algomah
Bklyn R T Cony
Amalgamated
Cal Gas & Elee
Boston Carbin Eee
Isle Royale
Distillers S
Miami Copper Tees
Eriecony
North Lake
Gen Motors
Ojibway Eee Reese
Kan City
Kent
Lake Shore
Louis & Nash
Cinn & Lex
Nor & West
Nor Pac
Oregon
Pac Tel & Tel Sy
Pub Serv Corp of NJ
Pullman Co
BAS Spiere
Tolst L & W
Union Pacist
Sense
Uss Steel
Maryland
West Elee
Western Union
New State
Trading breadth narrows with minor price moves on stock market
Trading narrowed to small changes with few notable price moves. London opened strong amid war scare nerves while Canadian Pacific rose close to two points on continental buying. St Paul dividend sparked out of town buying as Wall Street trims payout. New York Central faces rumors of reorganizing under a single head with a large bond issue, underscoring need for finance reforms and potential dividend cuts.
MENTIONED IN THIS ARTICLE
London
Berlin
St. Paul
Wall Street
Atchison
New York Central
Dividends Declared By Several Corporations
Buffalo Rochester and Pittsburg Railway Co declares semi annual 2.5 percent on common stock with record date August 7 and payment August 15. Massachusetts Cotton Mills and Cordis Mills Co announce semi annual 3 percent, 4 percent and 3 percent respectively with record dates July 24 and August 1. Manomet Mills and Nonquitt Spinning Co issue quarterly dividends of 2 percent and 1.2 percent with August 1 pay dates. Thorndike Mills and General Chemical Co declare semi annual and quarterly dividends on various shares with August 1 and September 1 payment dates and stock records July 24 and August 22.
MENTIONED IN THIS ARTICLE
Buffalo, Rochester & Pittsburg Ry. Co
Massachusetts Cotton Mills
Manomet Mills Co
Nonquitt Spinning Co
Cordis Mills Co
Thorndike Mills Co
General Chemical Co
Calendar for Today Dividends Payable in Michigan Central
Dividends payable noted with 3 percent for Michigan Central. Ex-Dividend for N. G. W. Parrot Silver appears in the listings.
MENTIONED IN THIS ARTICLE
Michigan Central
Sanity Test Sought for Alleged Slave In Wilkins Case
Attorney Albert E. Hughes of Somerville filed with East Cambria clerk a sanity proceeding for Frank J. Blaskove who awaits trial on four counts of murdering Mrs. Ces B. Wilkinson at 437 Somerville Avenue.
MENTIONED IN THIS ARTICLE
Albert E. Hughes
Somville
East Cambria
Frank J. Blaskove
Ces B. Wilkinson
Somerville Avenue
Boston & Corbin Copper to issue 450000 in bonds for expansion
The Boston and Corbin Copper Company plans a 450000 bond issue to fund a 300 ton concentrator and development. Stockholders meet August 17 to approve 12 year 6 percent convertible bonds at 95, with 200 shares per bond subscription, convertible at 15 per share, increasing capitalization to 180000 shares. Bonds underwritten at 5 percent, sinking fund 50000 yearly from 1914, callable at 105 with option to convert or take cash plus interest. existing management last raised funds in 1908. The firm has no current debt and plans to use proceeds for construction and working capital.
MENTIONED IN THIS ARTICLE
Boston & Corbin Copper Company
Emerson
Ident Amster
Treasury
Protective committees formed for American Tobacco creditors
Three committees organize to safeguard interests of American Tobacco and Continental Tobacco bondholders and preferred stock holders. They require deposits by Aug. 28 at Guaranty Trust Co and Central Trust Co in New York, with certificates of deposit issued and listings sought on the New York Stock Exchange.
MENTIONED IN THIS ARTICLE
American Tobacco Company
Continental Tobacco Company
New York
Tobacco Company
Alexander J. Hemphill
Guaranty Trust Company
T. de Witt Cuyler
Pennsylvania Railroad Company
Howland Davis
J. Horace Harding
C. D. Barney & Co
Albert H. Wiggin
Chase National Bank
Morgan J. O’brien
Charles H. Sabin
Philip Lehman
Lehman Bros
J. R. McAllister
Franklin National Bank of Philadelphia
Samuel McRobert
National City Bank
Samuel Sloan
Farmers’ Loan & Trust Co
Joseph H. Choate
Wallace
The
Central Trust Company
Frederick Straus
J. & W. Seligman & Co
Charles D. Norton
First National Bank
Harry Bronner
Hallgarten & Co
Ernest Iselin
A. Iselin & Co
Adrian H. Larkin
American Tobacco
Consolidated Tobacco
New York Stock Exchange
Banking party completes tour of Stone & Webster properties
A party of 19 guests from Stone & Webster returned from a three weeks inspection tour of Stone & Webster properties in Puget Sound. The group included Boston and New York bankers and Stone & Webster officers. They visited railways, lighting properties in Tacoma Seattle Everett and Bellingham and inspected water power developments of several companies in Washington and Iowa.
MENTIONED IN THIS ARTICLE
Stone & Webster
Puget Sound
Reginald Bradlee
Chandler Hovey & Co
Boston
J. P., Bradshaw
Clark, Dodge & Co
New York
EN. Fenno, Jr
Bond & Goodwin
Thomas B. Gannett, Jr
Parkinson & Burr
Edgar Rust
N. P. Hallowell, Jr
L. Higginson, Jr
Lee, Higginson & Co
Thomas Motley
Curtis & Sanger
Richard S. Russell
William A. Russell & Brother
F. Foster Sherburne
Estabrook & Co
Isaac Sprague
N. W. Harris & Co
Samuel H. Walcott
Brown Brothers & Co
John W. Hallowe
Puget Sound Power Company
Seattle-Tacoma Power Company
Pacific Coast Power Company
Minneapolis General Electric Compan
Mississippi River Power Company
Keokuk
Westinghouse Electric Stockholders Back Management In Vote
The annual meeting results show George Westinghouse losing his bid, with directors Kerr and Kuhn on both tickets receiving about 740 000 of 770 000 shares. Atkins and Brooker re-elected with 540 000 to 200 400, Nesbit resigns after similar support, and the vote on cumulative voting favors Westinghouse while the Security Investment Co backs management on directors and cumulative voting.
MENTIONED IN THIS ARTICLE
Westinghouse Electric
George Westinghouse
I. M. Kerr
James Kuhn
BH. F. Atkins
Charles F. Brooker
Harrison Nesbit
Richard Delafield
Mr. Westinghouse
Mather
Security Investment Company
Westinghouse
Maine Central To Issue 5 Million Stock Offering
Treasurer York reports Maine Central has 75 percent of a 5 004 300 stock issue subscribed by shareholders. Rights expire August 7. Boston and Maine will subscribe for its full quota, preserving majority control through cash payments totaling 2 516 000.
MENTIONED IN THIS ARTICLE
York
Maine Central Railroad
Boston & Maine
Maine Central
Boston curb market dull session on active issues
Yesterday's curb session in Boston saw light trade with Calaveras Amalgamated Nevada Nevada Utah and Bosnyocolo among the most active. Rhode Island Coal traded down to 113 16, against a prior close of 21 16. Full curb list fluctuations are supplied herein.
MENTIONED IN THIS ARTICLE
Calaveras
Nevada
Utah
Bosnyocolo
Rhode Island Coal
Bond market notes on issuance of municipal and territorial bonds
Stamford Connecticut sold 340 000 four and a half percent bonds dated August first 1911 maturing in 80 years to Estabrook and Co at 360 859 Bangor Maine sold 250 000 four percent bonds dated August first 1911 maturing in 1931 to William A Read and Co at 104 83 Hawaiis territorial bonds for 1 500 000 four percent twenty year issues opened bids and were over subscribed six times Garvin L Payne Co Hassensall of Indianapolis Breed and Harrison of Cincinnati and Estabrook Co bought portions at prices from 101 38 to 104 75
MENTIONED IN THIS ARTICLE
Stamford
Conn
Estabrook & Co
Bangor
William A. Read & Co
D. I. Congling
Hawai
Garvin L. Payne & Co
Hassensall
Indianapols
Breed & Harrison
Cincinnati
Deer tame when car approaches at Raynham
July 28 Raynham A Brockton Taunton line car was held up by five deer on the track across the Hockomock swamp. Motorman John Carberry and Conductor John Walsh halted the car to avoid harming the grazing animals. The deer remained tame and bounded into the woods as the crew neared them while passengers, including many women, looked on.
MENTIONED IN THIS ARTICLE
Raynham
Brockton- Taunton
Hockamock
John Carberry
John Walsh
Gloucester firm to open Louisburg plant in Cape Breton
Gloucester announces a mammoth Louisburg plant to be capitalized at 50000 dollars under the reciprocity treaty with Canada. It is described as the largest of its kind and a forerunner to similar ventures by other Gloucester firms.
MENTIONED IN THIS ARTICLE
Cape Breton
Gloucester
Canada
Gorton-Pew Fisheries Company
Louisburg
Also Mentioned on This Page
Albert HB. Wiggin
Lewis B. Franklin
Nassau St
Morgan J. O'Brien
Thomas A. Maloney
Congress St
Thomas Reinhardt
Devonshire Street
King St. West
Toronto
Broad St
Oxford Linen
James Shay & Coc
State St
Dun
J. R. McCallister
Samuel McRoberts
F. J. H. Sution
Hearts, Choate & Sherman
Bradstreet’s
P Erty
Amal
R. E. Colton
Devonshire St
City, Or
Chester, Vt
J. N. Wallace
Frederick Strauss
Erndst Iselin
F. L. Babcock
Butte
I 100 Mines Co of
Amie
Ney
Utah M & S
Standard Oil Nipissing M Co
Salt Lake
Charles A. Stoneham & Co
State Street
Beck Tunnel
Colorado
Crown Point
Eneenne
Mountain Lake
Mason Valley
Iss
Essissence
Nevada Hills
Prince Consolidated Wee
Eeeee Steen Ae
Sco Us
Sub-Treasury
Sterling
Reichsmarks
Eweeseres Ly
Ask
William E. Soule
Field & Fay
Bia
Apex Ee Ee
Crown Chartered
Foley O’brien
Eeerescves
Pearl Lake
Porcupine Gold
Vipond
Preston East Dome
E.eeeere BT
Sewer
West Dome Ee
Porcupine Milling
Porcupine Estates
Parrot Silver
Eee Reese Pe
Thy Ly
Eveeesr
Corbin
BOC R & N
Ae Atchison
Bos & Albany
Fitchburg
Maine
Old Colony
Zoe Rutland
Union Pacific
Ierf
Pitts Coal
Rock Island
Sears Roebuck
the Texas Co
Ss Realty Fee Ee
NEW York Bonds
Bay State Gassere
Bohemia
Io Calaveras
Goldfield
Mollie Gibson
Douglas
Ohio
Eve Weseses
Oneco
Oneco Sweeenews
Raven Sheen
South Lake
Ois
East Ohio
Beth Steel
Do Fee
Poo Bklyn RT . See
Can Pacific
Erie
Eee Neene
Ovenee
Iowa
Nat E & B. Ccicse
NH & H Ee
NYO & W
Nor Oe
Eno Serene
Chicago
Enerenee
Sererene
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