Convertible bonds as investments analysis for investors
An editor notes convertible bonds blend bond safety with stock upside and explains class distinctions, conversion terms, and recent corporate actions affecting value. The piece cites Southern Pacific and Union Pacific examples, court rulings, dividend distributions, and the need to value bonds first as debt before considering conversion potential.
MENTIONED IN THIS ARTICLE
Southern Pacific
Union Pacific Railroad
Union Pacific
Treasury
American Telephone Company
Brooklyn Rapid Transit
American Agricultural Chemical
Stock Markets Show Quiet Irregular Trading Across Cities
Total sales in New York reached 126 800 shares and Boston 24 245. Adams Express rose 5 to 100 in New York while Kresge Co. fell to 99. Calumet & Hecla jumped 712 to 435 in Boston with Union Pacific sliding to 158 5-8. Call money in New York 1 3-4 to 2 percent. Boston 3 percent. Time money New York 2 3-4 to 4 1-2 percent. Boston 4 to 4 3-4 percent.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
Arizona Commercial
Adams Express
Kresge Co
Calumet & Hecla
Union Pacific
Time
At& SE
At&se
Baldwin
Baldwin Loco
Balt Ohio
Beth Steel
Beth Steely
Bklyn RT
Butterick
Cal Pet Corr
Cal Pet Corp
Can Pacific
Ches & OF
China Oi
Deere & C
Dl& W
Goodrich B
Nored Reyes
Noreds
Guy'h’m Ex Co
Harvester
Lehigh Vieye
Loose-Wiles Co
Lorillard Co
Nat Biscuit
Nevada
Nynh&e
Haig
Nor Pacit
Lhe
Nor & Wes
Pacific Mail
Pitts Coal
Ry St Spring
Repl&s
Rock Island
Rumely Co
Sl& SF
South Pacific
South Ry
Studebaker
Studebaker Pf
Tenn Copper Aera
the Texas Co
Third Ave Eaters
Union Acific
Union Pacific Pf
Ubber
U S Rub
U S Steel
Uae
West Maryld
AT & T
Att&sf
CB & Q
U & Steel
West T & T
Algomah
Allones
Wits
Chicago
Arizona
Butte & Sup
Cal & Arizona
Cal & Hee
East Boston A
Ai Vt
East Butte
Edison Elec
Franklin
Wossalaresbee
Georgia
Indiana i
Minneapolis
Isle Royale
Keweenaw
St Tous
S.ceene
Lake Copper
Kansas City
la Salle Owere
McKlwan
Ceebersterantseens
Miami
New Arcadian
Low Point
Reco
Port
Ny&nh
High Point
Nipissing
North Butte
Old Colony
Old Dominion
Venee Benner Tenes
Shattuck-Ariz
Market Logs Small Gains as Railroads Lag in New York
Stock exchange activity remained unusually light amid storm disruption and telegraph outages. Gains were limited to a few less-active issues as railroad stocks showed weak January results, with New Haven and New York Central slipping on lower operating income. Adams led express stocks with a five point rise while overall bonds stayed steady.
MENTIONED IN THIS ARTICLE
Edward Grey
New York Central
New Haven
London
Canadian Pacific
Adams
U. S
Quiet Boston Market Amid Irregular Price Moves
The Boston market reports another slow day with irregular price changes. Arizona Commercial attracts mixed interest from New York and local buyers as options and strong physical traits fuel activity. Calumet & Hecla leads gains while the American Woolen Company reports a substantial surplus decline.
MENTIONED IN THIS ARTICLE
Boston
Arizona Commercial
New York
Calumet & Hecla
American Woolen Company
Surplus as a Form of Capital in Bank Growth
The text explains surplus as a form of capital for the American Trust Company, indicating that rising surplus reflects reinvested earnings, strengthened capital protection, and overall bank strength. It previews undivided earnings as the next capital form in a series of bank statements designed for depositors. The figures $1,500,000.00 14,268,053.63 1,000,000.00 appear as monetary data in the discussion.
MENTIONED IN THIS ARTICLE
American ‘Trust Company
Also Mentioned on This Page
Kidder, Peabody & Co
Devonshire St. Boston
Foreign Exchange
Letters of Credit
Wall Street
Baring Brothers & Co., Ltd
AS Investments
Massachusetts Supreme Court
New Haven Road
aAm Ag Chem Poe
bAm Tel & Tepe
Atchison Ld
Balt & Ohio Ee Ee
eBrooklyn RT
Ches & Ohio
Mo Pacific
New Haven Ee
Nor & Western Ete
So Pacific
UN Pacific
bNot
Massachusetts
Washington and
Summer Streets
American Woolen Issues
New York Market
Stock Exchange
San Francisco
Cal
New York City
Messrs. Dillon, Thomson and Clay
New England
E. H. Rollins & Sons
Devonshire Street
Denver
Los Angeles
Aan
Laclede Gas Light Company
St. Louis, Mo
St. Louis
United States
Vend Gas
Supreme Court of the
State of
Missouri
Walt St
Halsey & Co. Inc
Congress St
Philadelphia
Chesis
la Salle
California St
Alaska
Am Smelt & Ant
Rpf
S.W. Straus & Co
Torrington
Trinity
Victoria
West
Boston Stocks
American Trust Company
State Street
Cir Square
Charlestown
American Trust Co
Connecticut
Minneapolis, St.Paul
Sault Ste. Marie
First Consolidated 4S
Canadian Pacific Railway
Wa. A. Read & CO
American Heat State Company
Beacon Street
Hodgdon, Cashman & Co
State St
Gulf, Florida & Alabama Railway
C. F. Coombs & CO. Inc. Bankers
Washington St
Money Markets
Sterli
France
Braden Cooper
Ely Consoli
Ohio
York Funds
United Ci
Sub-Treasury
Ae York
Bay State Gas
Boston & Corbin
Asserese
Buffa’ Ee Ee
Calaveras
Cal & Corlin
Ee Entree al
Cortez
Davis Daly
Farr Ales
United Verde
Yukon
Liverpool
N. W. Harris & Co
Ralph A. Stevenson
Montreal
Hunt, Ellis & Go
Consolidated Stock Exchange of
N. Y
State, Street
Broad Street
U. S. Steel American
Brockton and
Plymouth
Plyn Street Railway Company
Les Webster
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