St Paul and Pacific Extension Dividend Prospects
The article analyzes the St Paul system long tied to Standard Oil, its growth from 1400 miles to about 7500, and the shift toward transcontinental ambitions. It notes rising debt, flat earnings growth, and questions whether 7 percent dividends on common stock can be maintained amid Pacific extension costs and higher interest. It also compares Hill roads and the potential for a third Northwestern system to influence traffic and profitability.
MENTIONED IN THIS ARTICLE
St. Paul
Standard Oil
Wall Street
Rockefeller-Rogers-Harriman
Washington
United States
Milwaukee & St
Union Pacific
Hill Roads
Pacific
Northwest
Great Northern
Northern Pacific
St. Paul's Pacific
Granger
St. Paul Company
Paris
Local Market Shows Mixed Activity and Stock Advances
Trading in mid summer totals featured sporadic moves from Old Dominion with a 13 4 point gain to 351 4 and Hancock rising from 173 4 to 191 2. Amalgamated and Lake Copper saw modest attention while four Boston directors at Lake Copper were anticipated. The industrial list remained active with Telephone Woolen and Steel as notable movers. Old Dominion and Hancock led activity at close. Current money rates and foreign exchange followed.
MENTIONED IN THIS ARTICLE
Old Dominion
Hancock
Amalgamated
Lake Copper
Boston
Lake Copper Company
Old Dominion and
Market Displays Uncertain Tone Across Cities
Total sales in New York reached 315 600 shares and Boston 13 985. Most active New York steel common at 59 200 shares. Boston Amalgamated active at 2010. Year to date New York 91 736 700 shares. Boston 5 595 177. Last year to date New York 96 789 400. Boston 6 710 199. Major New York gains U S Rubber common 21 8 to 405 8. losses Illinois Central 11 2 to 1321 4. Boston gains Wolverine 21 2 to 114. losses Pullman scrip 4 to 160. Call money New York 23 4 pct. Boston 3 to 31 2 pct. Time money New York 3 to 45 8 pct. Boston 4 to 5 pct.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Amalgamated
U. S
Illinois Central
Wolverine
Pullman Scrip
EOCO
Antonilas Min
Brooklyn RT
Brooklyn U Gas
Ivo Can Pacific
Ohio
Cc & St I
Alps
Css
Louis Nash
Mackay
Nevada
Oo & W
Nor & West Se Eee
Nor Am Oe O
Nor Pac
Pacific Mail
Pac P&t
Penn
People’s Gas A
Peoria & E Tee
Pitts
Il & S
Rock Island
L&sf
St Southw
Sears Roebuck
Texas Pacific
Ry & Light
Union Pacific
U S Realty Ee
Maryland
Westinghouse
Wis Central
Irregular Market Tone Follows Wheat Rise and Rail Stocks
Irregular trading marked the day as wheat gains spurred a brisk drop in granger stocks. Weather concerns spread across the Northwest and Midwest, while heat and drought cloud outlooks for spring wheat and corn. News of a 10 million dollar 30 year first mortgage bond issue in France steadied prices as Southern Pacific over subscription rumors buoyed markets. The session closed quiet and unsettled.
MENTIONED IN THIS ARTICLE
Northwest
Illinois
Indiana
Ohio
Minnesota
North Dakota
Kansas
Nebraska
New York
Paris
France
Gossip of the Street on Dividend Hopes for Utilities
A year of shifting fortunes in utility stocks is reviewed. Consolidated Gas hints at no rise in dividends while Mobile and Ohio and Southern Railway show gradual recovery. Frisco faces doubt on retiring second preferred stock though may resume dividends first.
MENTIONED IN THIS ARTICLE
Mobile & Ohio Railway Company
Southern Railway
Mobile Division
Southern
Frisco
Mining notes report diverse activity and stockholder dividends
Tuolumne Mining Company postponed dividends at its June meeting. Victoria property shows progress with 160 feet opened on the 11th level west of No. 2 shaft and a new shaft down 270 feet. Lawson property at La Rose opened strong with last month’s production. Miners report high silver yields averaging over 3000 ounces per ton on one lot and 2000 to 3000 on another. Gay Sturgis maps Globe district properties while Proprietary Mines Company shows new control of Mineral Development and buys a 250 ton cyanide plant for Tajo de Dolores in Guanajuato.
MENTIONED IN THIS ARTICLE
Victoria
Lawson
la Rose
Tajo de Dolores
Guanajuato
Tajo
Porcupine
Ontario
Porcupine Consolidated
Treasury
Stock Exchange members plan Scotland shooting trip
B Nason Hamlin and George T Rice of the Boston Stock Exchange will depart next month for Scotland for a shooting trip. A wire to Paine, Webber & Co from the West reports Superintendent R A Shields of the New Arcadian has ordered sinking to reach a lode found by diamond drilling. Hole No 2 location is set and work starts this morning.
MENTIONED IN THIS ARTICLE
B. Nason Hamlin
George T. Rice
Boston Stock Exchange
Scotland
Paine, Webber & Co
R. A. Shields
New Arcadian
Market Summary From Boston Exchange June 21
The Boston Market reports stock and bond price movements with total sales and day-to-day comparisons. Ex-dividend bonds show $26,000 in listed bonds and $40 in scrip, with 7476 listed stock shares and 6509 unlisted shares changing hands.
MENTIONED IN THIS ARTICLE
Boston
Boston Curb Market Sees Mixed Moves In Two Stocks
The curb list shows Massachusetts Coal & Power moving between 43 and 54 cents, closing at 51 after a volatile session. Maritime Exploration falls from 65 cents to 25 cents, ending well below the prior day’s 79 cent close. Full market fluctuations are detailed.
MENTIONED IN THIS ARTICLE
Massachusetts Coal & Power
Maritime Exploration
Massachusetts Coal
Maritime
Bond Market Notes and City Loans
Braintree Massachusetts awards a temporary loan of 20000 to Old Colony Trust Co at 4.08 percent discount maturing December 29 1910. Bangor Maine treasurer invites bids by 10 a m June 23 for a 60000 temporary loan maturing December 28 1910. Atlantic Gulf West Indies S S Lines has received 423496 in dividends from two subsidiaries enabling the Atlantic Company to meet the July 1 coupon on its bonds with about 100000 remaining as surplus.
MENTIONED IN THIS ARTICLE
State Street
Boston
Mass
Braintree
Old Colony Trust Co
Bangor
Atlantic, Gulf & West Indies S. S. Lines
Atlantic
Dividends Declared by Major Corporations
Anaconda Copper Company offers 50 cents quarterly with books closing July 2. AT&T declares 2 dollars quarterly with record date June 80. Kansas City Southern Railway issues 1 percent preferred with record June 30. Distillers' Securities shares yield percent with record July 8. Distilling Company of America pays 1 percent quarterly with record July 8. American Screw Company pays 2 1/4 percent with record June 23. Nipissing Mines announces 5 percent quarterly and 2 1/4 percent extra with dates in July and June 30. Boots closes June 30 and reopens July 18. La Rose Consolidated Mines pays 2 percent quarterly with record June 30. Consolidated Car Heating Company issues 2 percent semi-annual August 1. Mahoning Coal Railroad Company lists common at $5 and 2 1/2 percent preferred. Chicago City Railways pays 2 1/4 percent quarterly with June 22 close and June 27 reopen. International Nickel Company declares 1 percent quarterly and 3/4 percent extra common with Sept 1. Also 1 1/4 percent preferred with Aug 1. Lowell Bleachery Company pays $4 July 1 to record June 13.
MENTIONED IN THIS ARTICLE
Anaconda Copper Company
American Telephone &Telegraph Company
Kansas City Southern Railway Company
Distillers’ Securities Corporation
Distilling Company of America
American Screw Company
Nipissing Mines Company
Books
Boots Close
la Rose Consolidated Mines Company
Consolidated Car Heating Company
Mahoning Coal Railroad Company
Chicago City Railways Company
International Nickel Company
Also Mentioned on This Page
Chicago
Hornblower & Weeks
Pacific Coast
Sete Onseneres
Boston Clearings
Boston Sub-Treasury
Sub-Treasury
Handler Bros
Bankers
Milk St
New York Stock Exchange
Philadelphia Stock Exchange
Chicago Stock Exchange
New York Cotton Exchange
Chicago Board of Trade
Lincoln
Rust
High Street
England
Telegraph Company
William BR. Driver
United Fruit Company
Charles A. Hubbard
Kidder, Peabody
Devonshire Street
Baring Brothers & Co., Ltd
London
William E. Soule
Navy
Douglas
Ludwig
Utah
J.P. Morgan & Company
New River Company
Consolidated Gas Company of New York
George B. Cortelyou
Consolidated Gas
Massachusetts Gas Companies
Tuolumne Mining Company
Gay & Sturgis
Globe Mining District
Cactus
Miami
Globe
Ae & É
West T & T
Bos & Albany
Bos
Bos & Maine
Eesaago
NY &Nh
Old Colony Eee Seue
West End of Wees
Allouez Steet
Arizona
Ry Butte Coalition
Cal
Cal & Heela
Michigan
Dominic Sol
Quincey
Shannon
Fast
T&t
Bos & W
Edison Elec Ee
Pullman Co Eae
Torrington Pf
United Fruit
United Shoe M
Us Steel
Am Ag Ch Pf Se
Boston Corbin Cooe
Butte Ballak
South
Sup & Bos
Super & Pitts
Swift & Co
U S
Freeseeee
Long Island Ferry
Louis & Nash
Carens
R R & S Ry
Vav Ll 2d
T Ewe
Met St Ry Wis
Tee
Do Collat
Olys
C & St L
el L
NH & Heon
Lacka & West
Oregon RR
C&c
West Shore
City
Bay State Gas
Butte Coalition
British Columbia
Cobalt Central Eees
Jons Ariz
Carissa Freee Eee
Chino Ee Ee
Ely Central
First National
Giroux
McKinley Darragh
Miami Copper
Mines
C of Amer
Utah M. & S
Nipis Mines Co
Union Mines Ee Ee
Yukon
Acme Consol
Ariz Michigan Ow
Boswyecolo
Calaveras
Cal & Corbin
Thompson
Cortez
Davis-Daly
Eagle & Bluebell Ely
Central
Ely Conscience
Goldfield Fl
Inspiration
Laramie Eeetore
Live Oak
Eee
Mollie Gibson
Rawhide
Rawhide Mines
Fred H. Merritt
Room
Fort Hill
Calumet & Montana Mining Company
Live Oak Development Company
San Antonio Copper Company
San Pedro Development Company
Shattuck-Arizona Copper Company
NEW York Bonds
Handler Bros. & Gus
Milk Street
Ener
L &E
Edway & Sey
Bklyn City
Bklyn
Bklyn U Gas
RI & PY
Midland
Col & Son
Erie
Gray & Wells Bs
Mie Hock Valley
Mlinois Central Fund
Ati NT
Interbor
Inter Met
Laclede Gas
Epee Ewes
Lake Shore
F. L. Milliken
Bankers and Brokers
State St
R. G. Latham
Broadway
N. Y
Ecarmates Stock Exchange of
Newark
Pierce Co
Tremont
Beacon Streets
Copley Square
Coolidge Corner
Brookline
Jamaica
James Shay & CO
Majestic Arizona Commercial Mines OF America
A. H. MacKenzie & CO. Stock Brokers
Harry E. Jacobs & CO
Devonshire St
Roe
Members Consolidated Stock Exchange of
Broad Street
Westinghouse Electric & Mfg.Co
Great Northern Railway Co
Missouri Pacific and Wheat
Rawhide Mining
F. E. Bancroft & CO
DOANE
Parker & Company
Boston, Mass
New England
C. E
Goldfield Con
Edwin Baruch & CO
Broad St
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