Central Leather Firm Faces Board Battle and Debt
The Central Leather Company faces a pivotal shareholder meeting today as minority holders seek board representation over alleged poor management while the parent company shows a deficit of over 800000 after preferred dividends. The article traces its 1905 merger, capital structure, and shifting earnings, noting rising working capital and potential for common-stock dividends if recent assets are liquidated and prices rise.
MENTIONED IN THIS ARTICLE
Central Leather Company
United States Leather Company
Loig
Central Leather
United States Leather Preferred
New Central Leather Company
United States
Local Market Quiet Start Lets Gains Slip Except Calumet & Hecla
Traders opened the day subdued and only modestly higher with Calumet & Hecla showing the sole standout gain of seven points to 480. Massachusetts and Steel common drew early attention, while New Haven and American Telephone remained steady with fractional moves. The market finished firmer on Calumet & Hecla’s merger activities, other issues failing to meet monthly payroll pace.
MENTIONED IN THIS ARTICLE
Calumet & Maeola
Massachusetts
New Haven
American Telephone
Calumet & Hecla
Calendar for Today in Mining and Steel Firms
Readable items list today’s calendars for Ahmeek Mining Centennial Copper Superior Copper and Railway Steel with book closes and spring production notes for pfd preferences.
MENTIONED IN THIS ARTICLE
Ahmeek Mining
Centennial Copper
Superior Copper
Prices of Stocks Make Moderate Gains
Total sales New York 219800 shares Boston 19507 shares Most active issue in New York Steel common 41500 shares Most active issue in Boston Steel comamon 2677 shares Total sales Jan 1 1911 to date New York 21744800 shares Total sales Jan 1 1911 to date Boston 1205726 shares Corresponding period last year New York 43739500 shares Corresponding period last year Boston 3521621 shares Greatest gain in New York list Texas Co 2 to 136 Greatest loss in New York list Vir Car Chem 7 8 to 68 Greatest gain in Boston list Calumet & Hecla 7 to 480 Greatest loss in Boston list Chicago Junction pref 2 to 110 Call money New York 21 4 per cent Boston 21 2 to 3 per cent Time money New York 23 4 to 41 4 per cent Boston 31 2 to 41 2 per cent
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Stock Market Ends Mixed as Merger Hopes, Steel Orders Spur
Traders saw Union Pacific hold ground amid merger uncertainty while Steel Corporation noted February orders improving steel trade conditions. Canadian Pacific remained strong, Gould issues rose, and Tamarack merger votes surged with 42 617 shares in favor. Upcoming meetings include Ahmeek Centennial Superior and Osceola with a potential Osceola contest.
MENTIONED IN THIS ARTICLE
Union Pacific
Steel Corporation
Canadian Pacific
Missouri Pacific
Calumet & Hecla merger votes overwhelm shareholders
Shareholders of Calumet & Hecla and affiliated Tamarack and Allouez companies voted on consolidation under Michigan law. Calumet & Hecla saw 76,446 of 100,000 shares in favor with no opposing votes. Allouez cast 66,052 in favor while 745 opposed, meeting the required threshold to carry the merger.
MENTIONED IN THIS ARTICLE
Allouez
Tamarack
Calumet & Hecla
Ahmeek
Centennial
Superior
Seneca
Laurium
la Salle
Osceola
Calumet & Hecla Company
Michigan
Copper Curb Mining Outlook reports merger talks advance
The Copper Curb Mining Outlook says negotiations have begun to transfer Utah Copper's majority stake in Nevada Consolidated to Giroux Consolidated. If completed, Giroux would gain exclusive control of the Ely district with concentrator and smelter, while Utah Copper would control the Bingham district and possibly own the new International Smelter at Tooele Utah.
MENTIONED IN THIS ARTICLE
Copper, Curb & Mining
Giroux Consolidated
Utah Copper
Nevada Consolidated
Giroux
Ely
Utah Copper Company
Bingham
New International
Tooele
Utah
50 Percent Dividend Declared on Old Dominion Stocks
The Old Dominion Copper Mining and Smelting Company along with its parent and Boston listed shares receive 775,2 62 dollars from 162,000 outstanding shares, equating to a little over two cents per share. Directors named for the Federal Trust Company include James W. Spence and John S. Kent.
MENTIONED IN THIS ARTICLE
Old Dominion Copper Mining & Smelting Company of
New Jersey
Old Dominion Company of
Maine
Boston
James W. Spence
Rockland, Mass
John S. Kent
Brockton, Mass
The
Federal Trust Company
Boston Market Stock and Bond Prices Report
The Boston Market on March 7 presents the course of stock and bond prices with total sales and comparison to previous close. The brief lists bond movements and general market activity for the day.
MENTIONED IN THIS ARTICLE
Boston
Boston curb market shows volatile trading amid notable declines
Local curb stock activity was fair with several issues in focus. Bay State Gas opened weak after a raid pushing from 80 to 27 cents, finishing at 27. Nevada Utah slid from 93 to 8.5 cents on light volume, United Verde Extension fell from 27.16 to 11.2, closing at 15.8. Amalgamated Nevada and La Rose held firm. Fluctuations for each issue are listed separately.
MENTIONED IN THIS ARTICLE
Bay State Gas
Mackinaw
Nevada
Utah
United Verde Extension
la Rose
Bohemia
Boston Ely
Butte
Arizona
Corbin Sare
Cortez
Crown Reserve Ee
Davis Daly
Domin Syndicate Ny
Ou O
Ely Consol
Nat Levngiet
Ais
Goldfield
Eres
Humboldt Steer
Laramie
Ov McKinsey
Anee
Ohio Copper
Oneco Ee Ly
Raven
Central
Ray R I Coaleeree
South Lake Ey
Bond Market Notes on New Orleans Terminal and Havana Electric issues
The New Orleans Terminal Company sold 4 million dollars of first mortgage 4 percent 50 year bonds dated July 1 1993 to Lee Higginson Co for public subscription near 4.60 percent. The bonds are guaranteed jointly by the St Louis and San Francisco and Southern Railway companies. Havana Electric sold to Speyer Co 1.846 million dollars of consolidated mortgage 5 percent gold bonds due February 1 1952. The company will redeem outstanding first mortgage 5 percent gold bonds at 110 plus accrued interest on January 1 1912 or earlier at holder option.
MENTIONED IN THIS ARTICLE
New Orleans
Lee, Higginson & Co
St. Louis
San Francisco
Southern Railway
Havana Electric
Speyer & Co
Copper merger links Utah, Ely district control
The New Ely Merger s authority reports talks to transfer Utah Copper’s majority of Nevada Consolidated stock to Giroux Consolidated. If completed, Giroux gains exclusive Ely District control with concentrator and smelter, while Utah Copper gains Bingham District control and potential ownership of the Tooele International Smelter amid a larger mining securities milestone.
You Should Read the Outlook If You Would Keep Posted
A brief 32 page issue of Copper Curb and Mining Outlook published Wednesday morning with 60 expected pages and a two dollar yearly subscription. On sale at Boston hotel newsstands.
MENTIONED IN THIS ARTICLE
Boston Hotel
Latham Firm Associate on Consolidated Stock Exchange
Correspondents of R. G. Latham, 66 Broadway, New York, member of the Consolidated Stock Exchange of New York.
MENTIONED IN THIS ARTICLE
R. G. Latham
Broadway
N. Y
Consolidated Stock Exchange of New York
Also Mentioned on This Page
Chicago
Kidder, Peabody & CO
Devonshire Street
Ivestment Securities
Wall Stree
Raring Brothers & CO
London
Mote
Ugo
Bankers’ Sterling
Ask
Ae American Glue
Nat'l Bilfe- Ing
W. L. Douglas Shoe
Aarne
Draper Company
M. Bodwell Water Pwr
M. Appleton
Wis
Boise-Payette River
Idaho-Ore
Lt & Pwr
Central Mass
Houston
Texas
Nor. Pwr
Idaho & Wash
Nor
ROD. & Chykins
Fresno
Cal
Mich
Lake Sup
Arlington Mills
Coastwise Transportation
Amer Investment
Charlestown Gas & Elec
Salmon Falls
I Pacific Mills
Eastern States
Union
Pere Marquette
Great Western Power
M. Amer
Russell Falls
Hudson River
Tampa
State Street
Ghandler Bros
Bankers
Milk St
New York Stock Exchange
Philadelphia Stock Exchange
Chicago Stock Exange
New York Cotton Exchange
Chicago Board of
Atlantic
Hecla
Io Centennial Sewer
Franklin
Pahos, Guinonss Oss BO
Greene Cananea Ae
Hedley
Shannon
St Mary's
Trinity
W. Beptie.s
Edison Elec
Wao Ee Hiec
Mackay Cos Beies
Mergenthaler
Pullman Co
Seattle
Elec Pf
Torrington
U .S Steel Ee
Amalgamated
Boston Corbin
Fast Butte See
Giroux Se
Inspiration Ce
Indiana
Island Creek
Isle Royale
Kerr Lake A
Mason Valley
Miami
New Arcadian
Ray Cons
Eno South Utah
Sup & Pitts
Oe Swift & Co
Smejt & R
Cneee
Bo Bays
East
Ohio
Brooklyn
Soo Con Gas
Comstock T Co
Dss&a
Erie Sewer Eee
Iowa
Lehigh Valley
Minn & S L Mackay
Nor & West
Pacific Mail
Rock Island
South Pacific
South Eye
Texas Pacific
the Texas Co
U S
U & Steel
Maryland
West Union
Nor Pac Ist
ORR & N
Oregon
Providence
Pennsylvania
M & So
Seaboard
Union Pac Ist Intge
Wab Pitts Tr
Westinghouse Cony
Nh Cent
City
Klolya
William E. Soule
Dee
Eee
Newely
Middendorf, Williams & Co
Daly Judge Mining Company
Herbert M. Lelang
A. §. Leland & Co
Boston Penny Savings Bank of
Bright, Sears & Co
Mason Valley Mines Company
Boston Stock Exchange
Arizona Mines Company
Duluth
John R. Macomber
N. W. Harris & Co., Inc
Pacific Coast
Oneco
Intercolonial Rubber Company
Seaj
Chile
Ch & N M
Atchison Pr
Fitchburg
NEW York Bonds
Ghandler Bros.& ER
Mass
Hich
Adams Exp Co
Allis Chalmers
CLL &N Ocoll
Bi & O
Ches & Ohio
CB & Q
Chi & West
Col & South
den & Rio
Poes
Sas
Inter RT
Kan City Gas
Lake Shore
High Valley
Sheen
Outlook
Calumet
Pioche
HEINZ
Copper Curb & Mining Outlook Publishing
Trinity Place
New York City
Brit Columbia
Chicago Subway
Ely Central
King Edward An
Miami Copper 1914 19% Ne 500 Min Co
Ray Central
Il Standard
Salt Lake
Sunday Post
Stoneham
Charles A. & Co
Beck Tunnel
Estes
Mountain Lake
Samee
F. L. Milliken
State St
Reading Quincy Mining Am. Agr. Chemical
Boston-Joplin Zinc
Boston-Joplin Zinc Mines Co
Isaac C. Atkinson
Asst
Champion Copper
Richard J. Burton & Co
Congress St
Porcupine
AUERBACH @ CO., INC
Coolorado
A. H. Mackenzie & Costas Rerabana
Tela
NEW England Lighting Company
Congress Street
Charles A. Farley
A. H. MacKenzie & CO. Stock Brokers
Bradley & Metcalf
James Shay & Co
J. Thomas Reinhart
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