American Telephone Faces Disappointing Earnings News
The annual report shows a margin of 83 cents a share above the $8 dividend requirement, sparking investor concern as the stock fell toward par. The Bell system reports 1917 gross revenues of $294.9 million and net income of $76.5 million, with depreciation and obsolescence charges exceeding operating costs, while the parent company holds 75 to 80 percent of subsidiary stock and earns about 11.6 percent including undivided earnings.
MENTIONED IN THIS ARTICLE
American Telephone & Telegraph Company
American Telephone Company
Bell System
Galveston-Houston Electric Company
Galveston and Houston
Texas
Stone & Webster
Utah Consolidated Mining CO
Broadwa Nce
York
Utah J. Gated Mining Company
Market losses and gains in New York and Boston shares
General Losses of Point or Two-American Telephone weak feature over four points. General Electric declines. New York total sales 346100 shares, Boston 11810. Most active in New York Steel 27900 shares. Am Telephone leads Boston with 3447 shares. Year to date totals show New York 29814300 and Boston 641919. Last year totals were New York 41427300 and Boston 1942521. Notable changes include Transue Williams up 6 to 46 in New York and Am Brake Shoe down 10 to 165. In Boston Am Sugar prof up to 109 3/4 from 3-4 and Am Telephone down to 101 1/2 from 4 3/4.
MENTIONED IN THIS ARTICLE
General Electric
New York
Boston
Steel
Am. Telephone
Transue & Williams
Brake Shoe
Sugar Prof
Telephone
Car & Fury
Inter Corp
T & Tel
Coast Line
Alg & W
Ill Il
Baldwin Loop
B&o
Beth's Steel
Beth Steel B
Beth
Brrowetick Ter
Butte & Su
Chandler
Ches & Ohio
Chim & St
Soren
E & Co
del & Hudson
Veeeraneree
Erie
Gaston Wan
Gen Electric
Noren
Nor Teeee
Gulf St Steel Seeee Bi
United States
Continental Chemical CO
Equitable
Denver
Colorado
John Moodt
Jin
BIG National Big
Darall
New York Market Ends Mixed After Somnolent Session
In New York, March 12, stocks drifted lower with readings and a few leaders losing 1 to 2 points. Major declines hit American Telephone and American Tobacco, General Electric, and others while rails stayed firm then eased. Oil and shipping early gains faded. United States Steel fell a point. total volume 345,000 shares. Money and time loans showed volatility and Italian remittances rallied briefly before retreat. Bonds were irregular with Liberty issues yielding.
MENTIONED IN THIS ARTICLE
New York
Reading
American Telephone
American Tobacco
General Electric
People’s Gas
Pullman
Woolworth
Automobile Group
Washington
New Haven
United States Steel
United States
Market declines amid Telephone liquidation weakens overall equities
Boston market reflects renewed liquidation in American Telephone and others as investors digest a weak annual report. Atlantic Gulf and United Fruit slip from morning highs while New Haven notes uncertainty tempers sentiment. Traders grow wary of sluggish markets ahead of the Liberty Loan campaign.
MENTIONED IN THIS ARTICLE
American Telephone
New York
Atlantic Gulf
United Fruit
Washington
New Haven
Bears
Bulls
New York Stocks Report March 12 Ex-Dividend Notes
Market activity in New York shows high and low quotations for today with net changes from the previous session. The report lists stock prices and ex dividend status impacting trading values across listed securities.
MENTIONED IN THIS ARTICLE
New York
Western Union
Western Union Telegraph Company
Boston Stocks Day Ledger Incomplete March Market Quotes
Boston March 12 report lists high and low stock quotations with unclear net figures. The brief notes proceed without full price data or market context.
Postal Addresses Listing for Major Cities
A compact address roster lists locations in New York Chicago Philadelphia Cincinnati and Boston with specific street addresses including 200 Fifth Ave 1384 Otis Bldg 612 Stock Brg Cincinnati 801 Greenwood Bldg Boston 6 Congress Street and related city identifiers.
MENTIONED IN THIS ARTICLE
New York
Chicago
Philadelphia
Fifth Ave
Otis
Stock Br
Cincinnati
Greenwood
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Il Itah
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de Enver, Colo
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