Reorganization Plan Push Threatens Ely Central Copper
Boston June 5 1911 statement by the Committee on the Ely Central Copper case describes a plan to take control of the company. Four new directors and a new officers' slate were elected May 31. The Receiver seeks court approval to sell the property for debts. estimated distribution to stockholders would be about 3.5 cents per share if only $150000 is obtained. The Committee claims control of the majority of stock and bonds and predicts possession of the property for the Reorganization Plan. The letter notes costs of notifying all stockholders and urges nonparticipants to join the Plan to maximize returns vs the Receiver’s actions.
MENTIONED IN THIS ARTICLE
Ely Central Copper Company
Selfridge
California
Ely
Boston
Big
Court of Nevada
Proximo
J. M. Lockheart
Nevada
Federal Trust Company
Fly Central
Market summary shows gains and losses across New York and Boston
Bullish faction dominant with total sales for New York 509 800 shares and Boston 34 625. Most active New York steel common 123 600 shares, Boston North Butte 20435 shares. YTD totals New York 44 460 900 and Boston 2 826 447 versus year ago 85 381 100 in New York and 6 562 623 in Boston. Notable moves include Underwood Typewriter up 81 4 to 92 1 4 in New York, Calumet & Hecla down to 460 in Boston, Mohawk and Old Dominion rising in Boston, and Federal M. & S S prof. dropping in New York. Call money NY 2 1 4 percent, Boston 2 1 2 to 3 percent. Time money NY 2 8 4 to 4 percent, Boston 3 1 4 to 4 1 4 percent.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
North Butte
Underwood Typewriter
Federal M. & 5S
Mohawk
Old Dominion
Calumet & Hecla
Bond market notes outline new protective committee and bond sales
The general protective committee for several rail and affiliated companies expands to six members with new appointees. Banks are bidding on unsold Louisville and Nashville bonds at 93.125 plus accrued interest for a 4.30 percent yield. Aurora, Elgin and Chicago Railway sells 500,000 of 6 percent bonds to Hayden Miller. Westbrook Maine invites bids by June 15 for 25,000 four percent coupon refunding bonds dated 1911 payable 32000 annually 1921 32.
MENTIONED IN THIS ARTICLE
General Protective Committee
Atlanta, Birmingham & Atlantic R. A. Company
Atlantic & Biringham Construction Com\tlantic & Birmingham Construction Company
Georgia Terminal Company
Labama Terminal Company
Allied Companies
Palmer
New York
Francis R. Hart
Boston
J. ™. Morgan & Co
Louisville & Nashville R. A
Atlanta
Knoxville & Cincinnati
Aurora, Elgin & Chicago Railway Company
Hayden, Miller & Co
Westbrook
Market Strength Persists as Stocks Open New Highs for Year
Trading remained active with over half a million shares changing hands. Consolidated Gas rose to a yearly high on dividend talks, Amalgamated steadied after its annual report showing under 4 percent net profits, and Goldfield Consolidated matched the same dividend rate. Bears vs bulls split on near term moves while intrinsic values hint at higher levels within a year. Union Pacific led gains, with steel and Reading lagging behind recent peaks.
MENTIONED IN THIS ARTICLE
Consolidated Gas
Amalgamated
Goldfield Consolidated
Union Pacific
Local Market Shows Mixed Copper Shares Movement and Mideast Pressure
The market reports reduced volume but firm undertone with Isle Royale in strong demand amid expectations of further moves. Copper Range cuts its quarterly dividend to 70 cents yet stock dips on the news. Amalgamated Copper posts a robust year with net income of 6.08 million and surplus rising to 18.45 million. Old Dominion and Calumet & Arizona show solid gains, North Butte withstands profit taking. Calumet & Hecla wins a legal point but awaits a June 21 Laurium meeting after a restraining order ruling. Industrials push Massachusetts Gas and Boston & Maine higher, Woolen preferred weak, GE rises on local buying, Steel steady. overall tone remains firm.
MENTIONED IN THIS ARTICLE
Isle Royale
Calumet & Hecla
Copper Range
Amalgamated Copper Company
Old Dominion
Calumet & Arizona
New York
North Butte
Detroit
Lansing
Massachusetts
Boston & Maine
General Electric
Steel
Local Bank Statement and Reserve Figures Reported
The weekly local bank statement compares this week with last week and details the surplus reserve levels in Boston and New York over the past decade. The report highlights changes in deposits, loans, and liquidity across the regional banks.
MENTIONED IN THIS ARTICLE
Boston
New York
Amalgamated Copper stock listing widens holdings
Anaconda seeks approval to list 2 812 500 additional Amalgamated Copper stock on the New York Exchange reflecting payments to Clark properties. Estimates of total value previously ranged from 4 to 5 million dollars. John J. Marroney elected director of Amalgamated Copper, replacing the late James Jordan. Mexico Consolidated stock deposits extended to July 5. Hamlin Nickerson opens Manchester branch with Percy D. Haughton as manager.
MENTIONED IN THIS ARTICLE
Anaconda
New York Exchange
Amalgamated
Clark
Focal
John J. Marroney
Daly Trust & Savings Bank
Butte, Mont
Amalgamated Copper Company
James Jordan
Boston Market Snapshot in Rosyton June Trade
The stock and bond market prices rise amid strong activity in Rosyton with total sales up from the previous close. Investors show optimism as bond yields and equity values move higher across listed items.
MENTIONED IN THIS ARTICLE
Rosyton
Boston Curb Market Fluctuations Noted in Trading
Local curb dealings showed moderate volume with Ely Consolidated down briefly then recovering above opening levels. Majestic and Bay State Gas were traded by room traders as Rhode Island Coal and Amalgamated Nevada held firm around 28 1 4 and 10 cents respectively with various issue fluctuations detailed.
MENTIONED IN THIS ARTICLE
Ely Consolidated
Majestic
Bay State Gas
Rhode Island Coal
Nevada
Bohemia Seas
Boston
Cortez Eae Eee
Davis Dalee
Rg Domin Syndicate
Bluebell
Ely Consol
Goldfield Consol
Ohio
South Lake
Bingham Chosen Exeter Track Captain for Next Year
Exeter New Hampshire June 5 William J Bingham aged 12 known as Bill to classmates was unanimously elected captain of the Exeter track team for next year. A recent arrival from Lawrence Massachusetts he has set a string of records including the 600 yard dash in 1 minute 1515 seconds and the Harvard interscholastic record in 1 minute 59 seconds. He has won first in the Andover meet for three consecutive years most recently in 1 minute 57 2 5 seconds.
MENTIONED IN THIS ARTICLE
Exeter
N. H
William J Bingham
Bill
Bingham
Academy
Lawrence
Mass
Jin
Harvard
Andover
Haverhill High Triumphs 16 to 1 Over Nashua High
Haverhill High blanked Nashua High 16 to 1 in a noon clash. Byard held Nashua in check as the visitors scored once in the eighth on a pass wild throw and a passed ball. The game featured few notable moments and ended lopsided at Haverhill.
MENTIONED IN THIS ARTICLE
Haverhill
Nashua High
Haverhill High
Byard
Nashua
R.H.E. Haverhill
Éuenes
Woshua Isis Sc
Iecsa
Byard and
Blake
McGregor
Ross, Morin and
Coggin
Lightning Kills Baseball Player in Norwalk Ohio
Frank Van, a ball player, was struck and killed by lightning on the Norwalk ball grounds. Several other players seeking shelter under a tree were knocked down when the bolt struck the tree. The storm caused significant local damage.
MENTIONED IN THIS ARTICLE
Norwalk
Frank van
Also Mentioned on This Page
The
H. Ellerton
Harry L. Ayer
Jay C. Gugg Inheimer
Members Consolidated Stock Exchange of
N.Y
State Street
Broad Street
N. Y
Pennsylvania
Great Northern Pacific
Ness
Bingham Copper Co
Cheyenne
Wyoming
C. Vey Holman
Grove St
Bangor
J. Moulton Wales
Blue Hill Ave
Dorchester
Rhode Island Coal Island Coal Amalgamated Nevada
A. E. Long & CO
State St
James Shay & Co
Atchison, Topeka & Santa Fe Ry. Co
Chicago, Rock Island & Pacific Ry. Co
Copper Range Consolidated Copper Co
Sub-Treasury
Perensah
New Yorke
Treasury
Oabte
Bankers’ Sterling Ee Ef
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Frances Eee Ree
Reichsmarks Ee Ee
Ask Seeese
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Pullman Co
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Elec
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United Shoe M
Algomah
Senee
Eerre Eae
Butte Ballak No
Eeae
Eevee Ee BT
Distillers
Eeete
East Butte Eeree
Giroux See
Eee
Hancock Ae
Swift & Co
Tuolumme Cerewete
Utah Apex Ac
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Maryland
Seaboard Air Line Adj
Ceeeee
Eter
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Seaee
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el Ry
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William E. Soule
Island
Whck
U. S
Nective Vrallo
Sewer Ee
Waccnec
Dune
Weeeersae Ee
Pescs Sean
esee-Jdan
Ceosuly
Oedsn Jane A
Ariz Com
Atl Gulf
OFS
I & M Gs
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West T & T
I Atchison
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la Salle
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T&f
At&sf
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Brooklyn
M&s P
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Col
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South Erereee Ni
Comstock T C
Evans & TH
Iowa
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Louis Nash
P&s
Cony&ne
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Phila Co
Ewer - Ae
Texas Pacifice
Third Ave
Ceees
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P L
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den & RG Ist
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eRail
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Oston
Dobie
Foley O’brien
Eevewe Seeeboaose
Jase
Hollinger
Moneta
Eeresseaee Eupereree i
Pearl Lake
Porcupine Gold i Vipondeee
Preston East Dome
Ewe
Tisdale Were
United
Enews Wee
West Dome
Ars Ee
Salt Lake
Charles A. Stoneham & Co
Berton
Beck Tunnel
Colorado
Columbus Consolidated
Daly Judge Raeb
Grand Central
A. Ae
Nevada Hills
du Pont Powder
Guggenheim Exploration
Inter
Parrot Silver & Copper
Reading Company
Worcester, Nashua & Roch
Atchison
Amalgamated Copper
New Dominion Copper
Plymouth
Betty Alden
Rowe’s Wharf
Long Wharf
Gen. Mgr
Huntington Avenue
Jay
ST. Louis
Wright
Ditson’s
Herrick’s
Copley Ba
SYM
Hony Hall
A. Aguarre
Tremont
Valeska
Suratt
Ralph Herz
DR. Deluxe
GLOBE
Snow Suisween Nelson
Oswold & Borger
Castle SQ. Pei
Arement
John Craig
Lord Fauntleroy
Down Town
Winter St
Erkeley
St. & Warren Ay
Mats
SE First Stock
Lindsay Morison ‘Stock Co
Loew's Orpheum
Bowdoin Sq. Loc
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Steeles Road
Lorenzi
Tinuous
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the Jungle Man
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