Wabash Securities Examined in Editor’s Note
The article analyzes Wabash Railroad common and preferred stocks trading 7 to 30 and 13 to 6 dollars, noting no dividends and a 90 million capitalization. It outlines Wabash’s 1889 formation, 2500 miles, and connections, with high fixed charges and modest surplus, suggesting capitalization readjustment and potential reorganizations by major bankers to rehabilitate minor roads.
MENTIONED IN THIS ARTICLE
Wabash Railroad Company
Wall Street
Canada
Hid
Undertone Firm In Dull Markets On Stocks Report
Market notes show steady Undertone despite overall dull trading. New York and Boston volumes are listed with Bethlehem Steel and Western Telephone among notable movers while Texas Land Trust and Rock Island show losses. Chadbourne attacks merger plans, alleging concealment and overvaluation and urging proxies be withdrawn.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Am. Agri. Chemical
Greene Cananea
Trinity
Utah
Wolverine
Land
Seattle
Torrington
Steel
Isu
Algomah
ATA
Fast Butte
Hancock
Indiana
Island Creek
Isle Royale
Lake
Kerr
Bar Keweenawa
Miami
New
North Lake Tee
South
Sup & Bos
Sup & Pitts
Swift & Co Eeare
U S
Market mood steady after rise as rail stocks worry traders
The market showed further recovery but rising prices increased nervousness especially in railroads. Traders expect a trading market until Washington trust case news. Judge Gary remains optimistic about Steel Trust orders while bankers may pressure railroads for new funding.
MENTIONED IN THIS ARTICLE
Gary
Steel Trust
Washington
Local Market Signals Mixed Gains In Early Day Trading
Stock activity showed modest gains in early trading with American Agricultural Chemical Steel common and North Butte among leaders. western Telephone posted a late surge adding two dollars to its value to near the day’s top, while Chemical common reached 59 1/2, a new high for the issue this year.
MENTIONED IN THIS ARTICLE
American Agricultural Chemical Common
Steel -Common
Telephone
North Butte
Western Telephone
Chemical Common
Calumet & Hecla Faces Opposition Amid Mining Controversy
Yesterday marked the peak of tensions in the ongoing dispute among opponents and Calumet & Hecla Mining Company. Early actions included Calumet & Hecla replying to a recent circular from opponents.
MENTIONED IN THIS ARTICLE
Calumet & Hecla Mining Company
Calumet & Hecla
Osceola Holding Plan Draws Directors Reply
The Calumet & Hecla reply disputes Tucker Hayes circulars on Osceola. It argues statutes cap shares, questions earnings and economies, and states Osceola’s future profits depend on economies, copper price, and development versus the consolidated company. It asserts 80 percent of promised economies could be realized with restructuring and better asset use.
MENTIONED IN THIS ARTICLE
Osceola
Allouez
Ahmeex
Centennial
Messrs. Tucker, Hayes & Co
Osceola Company
Calumet & Hecla
Tucker
North Kearsarge
McHinery
Consolidated Company
Calumet
Electric Bond Share Names Farrar Director VP
At a New York meeting of Electric Bond and Share Company directors Russell Armstrong resigned as director and senior vice president. Frederick A. Farrar was elected director and senior vice president. The annual balance sheet shows a surplus of 1,354,594 dollars, up 38 percent to surpass 1 million dollars for the first time.
MENTIONED IN THIS ARTICLE
Electric Bond+& Share Company
New York
Russel Armstrong
Frederick A. Farrar
Coupons Due March 1 On Mortgage Bond Payments
Coupons for the first re funding mortgage 5 percent bonds of the Kansas City Western Railway Company and the first mortgage 5 percent bonds of the Louisiana and Arkansas Railway Company are payable at the Old Colony Trust Company.
MENTIONED IN THIS ARTICLE
Kansas City Western Railway Company
Louisiana & Arkansas Railway Company
Old Colony Trust Company
Exchange Trust adds McLeod and McKone to staff
Bankers Frank F. McLeod and Weldon P. McKone join Exchange Trust Company from National Shawmut Bank and American Trust Company. Arthur S. Leland & Co. publish a pamphlet on tax exempt securities. Boston stock activity and upcoming meetings noted.
MENTIONED IN THIS ARTICLE
Frank F. McLeod
National Shawmut Bank
Weldon P. MckKone
The
American Trust Company
Exchange Trust Company
Arthur S. Leland & Co
Postoffice Square
Boston Market Stocks and Bonds Report February 28
The Boston Market reports the day’s stock and bond prices with totals of sales and comparisons to the preceding close. Bond movements lead the list with varied yields and price changes across issues.
MENTIONED IN THIS ARTICLE
Boston
Boston Curb Market Dull Session With Mixed Price Moves
The Boston curb exchange showed a dull session with small swings. Ely Consolidated dipped from 30c to 27c and back to 39c, Majestic moved 36c to 59c then 27c, Kruger traded 54c to 68c to 56c, while Champion Amalgamated Nevada and Mackinaw also contributed notable totals. Fluctuations across the curb list are detailed.
MENTIONED IN THIS ARTICLE
Ely Consolidated
Majestic
Kruger
Champion
Amalgamated Nevada and Mackinaw
Dividends Declared by Mining Firms This Quarter
Buffalo Mines declares quarterly dividends with a base percent and an additional 3 percent. San Toy Mining announces an initial 1 percent dividend dated April 16. North American Company issues a quarterly 11 4 percent dividend effective April 1.
MENTIONED IN THIS ARTICLE
Buffalo Mines Company
San Toy Mining Company
North American Company
Boston men named to new Davis-Daly Copper board
F A Schirmer H M Burton and Hugh Bancroft all of Boston have been named as directors of the Davis Daly Copper Company succeeding resignations by W C Shaw and George Baglin. A vacancy allowed election of three new directors while Schirmer and Bancroft join the executive committee with President Heinze. Shaw and Levy left the executive panel to enable the new officers. The New England stockholders now control a majority of the five member board, alongside President Heinze and Mr. Levy.
MENTIONED IN THIS ARTICLE
Thomas L. Chadbourne
Calumer & Hecla
Chadbourne
Calumet & Hecla
Sands
Central Mine
Alimeek
Osceola
Consolidated Company
F. A. Schirmer
H. M. Burton
Hugh Bancroft
Boston
Davis-Daly Copper Company
W. C. Shaw
George Baglin
Schirmer
Bancroft
Heinze
Boar
New England
Levy
Also Mentioned on This Page
Chicago
Philadelphia
Y & GO
Kidder, Peabod
Devonshire Street
Ivestment Securities
Wall Stree, New York
Baring Brothers & Co., Ltd
London
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York
American Caramel
Pope
Niles-Bement Pond
Arlington Mills
Dartmouth
Columbian Nat’l Life Ins
Springfield
Ood Rubber
Ill
Mfg
Old South Bid
Waltham Watch
U. S
Millis
Cotton Mills
American Glue
Stafford Millis
Boston Sec’4
U. S. Envelope
Milwaukee Cement Co
Kirby Lumber
North Boston Lichting Properties
Burlington (Vt
Biim
Atlantic
New England Brick Yard
Pittsburg, Shawmut & No
St. Joseph Water
Kalispell Water & Elec
Am. la France Fire
Bus Co
Ashoe Wake Pee
Pwr
Taian, Col. & East
Springfield Breweries
Pere Marquette
Norfolk & Southern Ry
Duluth Superior Traction
Coplay Cement
Northwest Light & Water Co
N. H. Electric Bigs
Niagara Falls Power Co
Lincoln Traction Co
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Lt. & Pwr
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R. R
Portland
Elec. Co
Blake & Knowles Steam Pump
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Council Bluffs
Northwestern Power
Northern States
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Mass
Ins
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W. Va
Traction
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North Platte Water Co
Utah Light & Pwr
Sheboygan Light
Pwr. & Ry
Muncie, Ha
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Am, Pneumatic Service Co
Appleton Water Works
Burlington Ry. & Light
Cin
Bluffton & Ch. R. St
Gt. Northern R. R. of
Harriman & Northeastern
Houston (Tex
Hutchinson
Kan
Water, Light & Power
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Adrian
Mich
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Wabash Pittsburg Terminal Railway Company
Wheeling and Lake Erie Railroad Company
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Pany
Annings
A. Wee
Broadway
J. M. Taylor & CO
Congress Street
Ghandler Bros
Bankers
Milk St
New York Stock Exchange
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Chicago Stock E Exchange
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Uren
Ahmeek
Lake Superior
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T. L. Chadbourne
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NH & AR
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Ste A
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William E. Soule
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Yao Ag
Eilyer
Ae Awer Neers Sane
Scuwscesresaes
Ankers
Sterling Esssewrerss
Commercia A Ee
Ranes Seewe
Celane Ae
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Guilderseepeteee Veervesese
Ask
Lie Pee
TORO
Ene esemnenamaneOd
Seersseees
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Serene Dee
Dan
High Point
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Robert H. Gross
Hast Butte
Butte, Mont
James Shay & Co
State Street
Century Safety Razor Company
Railroad Commission
Boston & Lowell
Mayflower Mining Company
H. A. Brown & Co
Boston Stock Exchange
CocL&s
West T & & T
Lowell
Bos
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Fitchburg
Old Colony
Rock Island Peene
West End
Arizona Com
al & Arizona
Cal
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Arizona
Bohemia
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Dom Syndicate
Ely Consol
McKinley
Mollie Gobson
Ohio
Ray Central
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Smelt & R. Ti
T&s PF
Atl
Ealt Ohio
Batopilas Mi
Beth Steel
Bklyn RT U
Bklyn Gas
Pacific
Om&sp
Erie
Goldfield
Noo Tac Gas Vaio Mae
High Valley
Colorado
Federal Trust Company
A. H. MacKenzie & CO
Tels
State St
Richard J. Burton & Co
Congress St
Century
KE. Long & CO
Amer ‘Tobacco
Bay State Gas
Butte Coal
British Columbia
Cobalt Central
Ely Central
Sup & Pittsburg
Salt Lake
Coheries
A. Stoneham & Co
Askerl
Beck ‘Tunnel
Aly
Columbus
Daly Judge
Grand Central Saisie
Nevada Hills
Uncle Sam
Davis-Daly Affairs
F. L. Milliken & CO
Bankers and Brokers
Eric Nipissing East Boston Co
R. G. Latham
N. Y
Consolidated Stock Exchange of
A. H. MacKenzie & Co) Stock Brokers
GO State St
Providence Coal
GO State Tate