Mercantile Marine Stock Reorganization Turmoil Explained
Detailed review of International Mercantile Marine Company finances shows a long default history, heavy wartime profits, and competing reorganization plans. Bondholders seek full face value plus interest, while preferred stock demands about 150 to 180 percent of new securities, with common stock pressured by large old-issue losses and variable new capitalization proposals.
MENTIONED IN THIS ARTICLE
International Mercantile Marine Company
Transatlantic Shipping Trust
Treasury
Market summaries show liquidation activity and list changes
Liquidation checked awaiting developments with totals for New York and Boston markets. Highlights include Bethlehem Steel and Boston & Maine as top gainers while Edison Electric and Loose-Wiles pref show notable declines.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
U. S
Bethlehem Steel
Boston & Maine
Edison Electric
Market Rebound Fades as Downtick Settles Late
New York trading opened with modest gains in key stocks and sharp advances in speculative issues before midday. A late downturn trimmed most gains as munitions shares slipped. Reading issues led activity with strong gains in common and preferred stock despite a general decline.
MENTIONED IN THIS ARTICLE
New York
Washington
Berlin
United States Steel
Lackawanna
Chesapeake & Ohio
United States
Market rebounds on war hope then nerves over German policy
Boston stocks rose on overnight war optimism but fell back as fear grew over Germany's submarine policy date. Calumet & Arizona boosted dividends to 8 from 5, with annual production around 70 million pounds and costs at 8 cents a pound. Cuba Cement oversubscribed. Alaska Gold hit a new low at 20 38. War order prospects buoy sentiment despite fluctuations.
MENTIONED IN THIS ARTICLE
Boston
Calumet & Arizona
Cornelia
Cuba Cement Company
Hayden, Stone & Co
Alaska
United Verdecanet
Bingham
Butte & London
Seneea Mining
Submarine Signal
Actna
Ami
Bay State
Bingham Man
Boston Corbin
Boston & Mont
Cal & Corbin
Cal & Mont
Davis-Daly
Eagle & Blue Bell
First National
Goldfield
Jerome Erde
Majestic
Mother Lode
Nixon Woeekee
Onondaga Ase
Rilla
Ray Hercules A
Beneca Mining
Stewartao i
Utah Metals Ihe
Yukon
Market Barometer Pa Van Loon Will Not Wait
Pa Van Loon recovers rapidly in a market feature preview promising a lively comic strip in the upcoming Sunday Post.
MENTIONED IN THIS ARTICLE
Pa van Loon
Next Sunday Post
Copper and tin rise on London Metal Exchange
London metal markets report gains with G. M. 8B copper up 10s spot £105 19s futures £103 10s. Electrolytic steady at £1386. Spot tin up £1 1s to £188 with futures £1 1s to £188 10s and Straits £2 to £194. Lead up 5s to £33 2s 6d with futures £7 1d to £33 7s 6d. Spelter up £1 to £110 with futures down £1 to £9. Sales include copper spot 100, futures 1M tons. tin spot 50, futures 150 tons.
MENTIONED IN THIS ARTICLE
Nevada CC
NY Air Brake
Boston
Nynh&h
Osta Stock Exchange
Ty Us
Nor & Wes
Nor Pacific
Pacific Mail
Gulf
Philadel Co
Pitts Coal
KOM & Mne
Pitts Cosl
St Spring
Swift & Co
Ray Co
Alaska
Alloues Iq
I Am Ag
Seaboard Rt I
Sears-Roebuck
Tel & Tel
South Pacific
South Ry
Studebaker
Texas Pacific
Arizona
High Point
Boseveeye
Unif Val
Union Pacific
Bos Llevatec
Union Pac
Bos & Lowell
United Ci
Bos & Maine
Butte Ballak
Butte
Cat & Heela
U S Steel
Sonny
Utah
East Boston
East Butte
Fitchburg
Maryland
West Union
Ae Westinghouse
Greene
Maine Central
Mason Valley
Vly Wi
Park
uMay
Minn
Duluth
Louis Toledo
Idria
GNI US
Midgev
North Butte
Canada
North Lake
Lis
Old Dominion
Quincy
Aetna
Ray Conzol
Ajax
Fia
Io Santa Fe
Ag&wi
Shannon
AG & WI Pf
South Wake Ory
Chevrolet
Corp of
Torrington
Wil
Kel-Spe Tire
Tuolumne
United Fruit
Midvale
Triangle
Steel
UN Cig
Let & Ht
Utah Apex
Utah Consol
Utah Cop Co
Victoria
Ea Union
Prairie P
Calif
West End of
Roof NJ
Ginona
Cosden & Co
Wolverine
Cosden O.& G
Cos O & G
Midwest
London
G. M
Also Mentioned on This Page
Schenectady Railway Company
Public Service Commission
Second District
New York State
Horace E. Andrews
Schenectady
Albany
Troy
Ballston Spa
Saratoga Springs
Delaware & Hudson Company
New York State Railways
New York Central Railroad Company
Perry Coffin & Burr
State Street
Harris Forbes & Co Incorporated
N. W. Harris & Co Inc
Federal Street
Mercantile Marine
Cccneneseoces
Sweeny, Shute & Go
Journal Building
Copper Range Company
Frederic Stanwood
Crawford & Company
State St
Boston, Mass
American Public Utilities Co
Kelsey,Brewer & Co
Michigan Trust
Grand Rapids
Michigan
Kidder, Peabody & Co
Devonshire St
Wall Street
Foreign Exchange
Letters of Credit
Baring Brothers & Co., Ltd
New York Market
Chi & GW
Ch & G
Chim &Ep
Chim& SP Pl
Chi & NW
Chi RT & P Ry
Chili Cop Co
Crucible Steel
Crucible Steel Pf
Deere & Co Pf
del & Hudson
Nis
Erie
Fed M & Spf
Goodrich B F Co
Goodrich
Juneau
Greene-Canan
N Cop Co
Interboro
Am Car & F
Agr Corp Pf
Harvester
Aeennen
Am Coal Pro
Car & F Pf
Harv
Am Smelt & R
Kan City
Am Steel
Kennecott
Lee Rub & T
Tel & A
Se Iles Co
Lorillard Co
Louis & Nash
Mackay
Baldwin Loco
Maxwell Motor
Ohio
Maxwell
Tns
Ahly
Mex Pet Co
Beth Steel
Miami Copper
Bklyn Raper
Minn & SL Pf
Butte & Super’ R. Og RO Ag
Mian & Te
Nti
Cal Pet Corp
MK T Pf
Cal Pet Corp Pion
Chandler Mo
Nate& Spt
Consumers Candy & Products CO
James J. Benelisha & CO
Boston Curb Exchange
Vane
Doane St
Eliot S. Emerson and
George Putn
Our
Richardson, Hill & Co
Congress Street
Boston Stocks
Field Steel .& CO
Congress ST
Broad St
London Metal Markets
Massachusetts
Hodgdon, Cashman & Company
Bankers
Atna Life
Astna Accident and Liability Companies
NEW England Equitable Insurance Company
ZETNA
NEW England Equitable
ASTNA
ATNA
AYTNA
Messrs
Robert A
Aetna Life Insurance Company
Accident and Liability Dept
THE
Aetna Accident and Liability Company
Hartford
Conn
Arthur W. Burke
Kilby St
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