Wall Street Romance Ends? Burlington Control under Scrutiny
A historical analysis reviews the joint control by Great Northern and Northern Pacific of the Chicago Burlington & Quincy, the 1901 bond structure, and looming dissolution rumors tied to Justice Department moves. It notes past profits, bond financing, and equity in Burlington's undivided profits, with no clear path to breakup or extra dividends.
MENTIONED IN THIS ARTICLE
Northern Pacific
Burlington
Great Northern
Chicago, Burlington & Quincy
Department of Justice
Union Pacific
Southern Pacific
New Haven
Boston & Maine
Wall Street
Harriman
Hill
Pacific Ocean
James J. Hill
J. P. Morgan
House of Morgan
Morgan and Hill
Contro
Northern Perifis
Northrn Pacific
Northern Securities Company
Supreme Court
Chicago, Burlington
Chicago
Burlington & Quincy
Great Northern and Northern Pacific
Burlington Stock
Massachusetts Gas Companies report February earnings decline
Net earnings available for dividends of the subsidiary companies fell to 248 975 in February, down 29 922 from a year earlier a 10 73 percent drop. Allard and Savage announce the Batavia Rubber Company preferred stock issue sold out offering 6 percent and common at 7 percent.
MENTIONED IN THIS ARTICLE
Massachusetts Gas Companies
Allard & Savage
Batavia Rubber Company
Bond Market Notes Bid Deadline For Melrose Bonds
Melrose Massachusetts will accept bids by noon March 27 for 46 000 4 percent serial bonds. Minneapolis Minnesota has sold 875 000 percent 5 to 30 year optional bonds to N W Harris & Co.
MENTIONED IN THIS ARTICLE
Melrose
Mass
Minneapolis, Minn
N. W. Harris & Co
Stock Market Reacts to Quarterly Reports and Prices
Prices of stocks show reactionary moves with notable weakness in Corn Products Virginia Carolina Chemical Rumely reports. Swings driven by annual reports and notable gains for Calumet & Arizona and Amhek Mining, while Colorado Southern pref and Fitchburg pref show losses. New York and Boston volumes and money rates listed.
MENTIONED IN THIS ARTICLE
Virginia
Carolina Chemical and Rumely
Quincy
Schwab
Calumet & Arizona
New Haven
New York
Boston
Steel
Colorado
Ahmeek Mining
Boston Land
Fitchburg
New York Stock Market Little Changed After Mixed Trading
Stocks fell short of prior gains as trading stayed cautious in New York. London buyers lifted some issues briefly, then traders booked profits and short selling resumed, with corn products causing notable declines on comments by President Bedford.
MENTIONED IN THIS ARTICLE
New York
London
Shorts
Bedford
Calumet & Arizona Leads Market Rise Amid Mixed Trading
Boston March 24 The local market showed lower price levels for most issues though Calumet & Arizona stood out advancing a full point to 70 on 131 shares. Duluth Michigan and New York were active buyers with Superior & Pittsburg praised for low costs and strong earnings of 4 074 000 in 1912. Bond market breadth grew while Atchisons and telephones led gains. by close, tone remained weak.
MENTIONED IN THIS ARTICLE
Boston
Calumet & Arizona
Duluth
Mich
New York
Superior & Pittsburg
Quincy
Centennial
Atchisons
Bond Market Snapshot and Foreign Exchange Rates
The morning blot shows a steady foreign exchange market with noon rates among bankers. Sterling around 4.8680, francs at 9.16 cents, marks near 93-16, and guilders at 40 1/2. Bond listings include several 4s and 6s from rail and utility issues with varied prices, and total daily sales totaling 2.247 million. Year-to-date totals reach 206.472 million compared with 135.468 million a year ago.
Wanted American Investments on Various Stocks and Bonds
A list of bonds preferred stocks and company equities including U S Worsted Pere Marquette U S Metal Products American Glue Waltham Watch Connecticut River Power Utah Light and Power New England Power Co and others. Includes notes 5s 6s and 7s across numerous firms such as Bay Universal Winding Glen Falls Gas and Electric and Boston Taxi Service.
MENTIONED IN THIS ARTICLE
Abe & Power
C& PW
C&nwn
Lack & W
C & Nwn
Rember
I & Nwn
Sparta & “i
Bos
North Ecilicas
West Ind
North “Pacific
Ta Pacific
Detroit Edison
Ahs
Penn
Distillers
Phi Co
Pont
Erie
Lie Gallien
Derenne
Estee
Itr
Heeling Baeer
Atle List O
Anton
Kcvisems
Kan City
Yan City
U. S
U. S. Metal Products
Pere Marquette
Lyman Mills
American Glue
Waltham Watch Co
Connecticut River Pwr
Oastwise Transportation
S. Light & Heating
United Paperboard
United Box Board & Paper
United Water & Lt
California Idaho Co
American Axe & Tool Co
Galveston
Texas
Utah Light & Power
Merchants & Miners
Lem Enslee & Bessemer
New England Power Co
Bingham-New Haven Copper Co
Ohio
Little Kanawha Bay
Universal Winding Machine
Glen Falls Gas & Elec
Taxi Service of
Boston
New River Co
Golf Fisheries Com
Dayton Lighting
Berkshire Cotton
Dartmouth
Draper Company
Educ. Pub
Gray & Davis
Clinton Waters
General Film
Art Metals Construction Co
High profile referrals listed for Hotchkin & Co firms
Boston and New York offices of Hotchkin & Co at 53 State Street and 34 Pine Street appear in a directory entry. The listing includes a New York Telephone number John 8580 for contact.
MENTIONED IN THIS ARTICLE
New York Telephone
John
Entries Grow for B A A Marathon List
The marathon entry pool rose by six to ten total with entrants including Joseph I F O'Brien of the Boys' Club of New York Eddie Sullivan of Providence R I John Crowley Medford's long distance ace J C Kuebler of New York and Robert H Mohrmann of Willimantic Conn. George W Brown received these entries yesterday. More clubs are expected to submit notices next week as delays persist.
MENTIONED IN THIS ARTICLE
Joseph IF. O'Brien
Boys’ Club of
New York
Eddie Sullivan
Providence
R. J
John Crowley
Medford
J. C. Kuebler
Robert H. Mohrmann
Willimantic
English High Crew Candidates Report
The English High School crew candidates were announced after a meeting in the school hall. Coach O'Brien and Captain Algar addressed the group as veterans from last year return, led by Algar, Mike Mitchell, and George Dernier. Likely newcomers include Ignico Brown Santosuosso Wingersky Alberts Dandrow Merrill Moy Ding Merrill Silk Scott Kingston and Burbank. Manager Bob Newcomb organizes several dual races.
MENTIONED IN THIS ARTICLE
O’brien
Algar
Mike Mitchell
George Dernier
Rob Ignico
Brown
Santosuosso
Wingersky
Alberts
Dandrow
Merrill
Moy Ding
Silk
Scott
Kingston
Burbank
Bob Newcomb
Also Mentioned on This Page
Kidder, Peabody & Co
Devonshire St. Boston
Foreign Exchange
Letters of Credit
Correspondents of Baring. Brothers & Co.,. Ltd
The
Northern Pacific ‘‘Corner
Singer Burlington
Tim Lee
von Peewee Er
Ceeveses
Cana
Eeeee
Paemeeneee
Sete Oerbreen
Une
Iverpoo
Wale & AG
Massachusetts
W. H. McElwain Company
Kansas Gas & Electric
Rhode Island
General Electric Company
Wm. A. Read & Co
Congress St
Philadelphia
Lordon
S.w.straus & CO. Mortgage) A Bondbankers Incorporated
Straus Building Carriage
New York Market
United States
Mar. Mar Stock Hall
la OW
Alaska
Alis-Ct
Ain Coal
Bosit & Ke
Batopilas
Beth Steel
Beth Steel Pl
Bklyn
Bklyn U Gas
Cal Pet Corp
Sean Aes
Pacific
Lea
Ches & Ohions Aeee
Deere & Co
Goodrich
Norficou
Norre
Agr Corp Pf
Lehigh Valley
Loose-Wiles Co
May Dept Store
Mex Pet Co
Miami Copper
E&s
Nevada
Nynh&h
Nor Pac
Nor & Wes
Pacific Mail
Pace T&t
People’s Gas
Pitts Coal
Rock Sland Aeee
Rock Island Pf
Rumely Co
South Pacific
South Ry
Studebaker
Texas Pacific
Texas Co
Third Ave
Osle&ew
Utah C
Va Car Chem
Wabash Ener Ae
Ae West Union Cap
OUSE
Woolworth
Bos & Mont Gee
Ely Consol
Tuolumne
Boston Stocks
Mar Mar
AT & T
KC Fs&mgs. M
KC M & B
KCM &B
Biv
Torrington
West End
West T & T
Algomah
Allouez
Tel & Tel
Amoskeag
Arizona
Atchison
Atchison Pf
Gulf
Bos Lan
Bos & Albany
Bos & Maine Daas
Butte & Sup
Cal & Antona
ALS
Cal & Heenee
Chic June Pf. Ei
Cum Co P Liv Or
East Butte
Edison Elec
F Ae Pf
Hoble al
Greene
Rts
Hedley Goldewe Aes Ood
Helvetia
Island Creek
McElwain
Mergenthaler
Miami
Nat Carbon
New Arcadian
Ny&nh
Nipissing
North Butte
Ojibway
Hole
St Mary's Eons
Shannon
Su & Bos
Swift & Co
Tamarack Eats
Trinity
U S Steel
US Steel Phe
Utah Apex
Utah Diesdi
Utah Cop Co
Victoria Ea
Western Union
Winona
Wolverine
Bay State Gas
Boston Ely
Butte & Son
Ravennae
Booth Lake
Alb
Am Ag
Am. Ic
Stock Exchange
Orip
Eas OW & M
Money Markets
Ches
Lake S
Leh
Assa St. L
Dee
Fasmee
CB & Q Joint
Egat Hill
Ivy
Liggett
Renee
C Gas
vVre
Gt Western Fs
Lee
C & Ind Coal Fe
Rae
Jnion
Bro. T
Realty & Is
West Shore
Weet Electric
Aban Tent West
Union
Ais
Wis
Bae
Armour
At&se
Balt & O
Balt & O Gol
Ves
Deeane Bklyn
Rap T
Snes Balt & O
Seab Air Line
Seab Air
USSSA
Cen
Vermont
Sub-Treasury
Feseeee [Lorillard Co
Él Sane Batsi
Egta Ag Minn & Bt
Farr Alphea Co
Hood Rubber Co
Apsley Rubber
Library Bureau
KE. & J. Fairbanks Co
W. L. Douglas Shoe
Pere Marquette Ist Ltd
Atlanta
Birmingham
Boston Telephone Main
Ora Ly
Minneapolis
St Louis
Wake Pa
Kansan City
Toledo
Detroit
Quincy Mining
Quincy Mining Company
St. Mary’s Canal
Centennial Copper
Centennial Mining Company
Laurel Light
Sollers, Phillips & CO. Incorporated
Investment Securities
Devonshire Street
Cor
Meridian
Maverick
East
Geo. W. Moses
F. Cook Cashier
Fourney
Beacon Street
Wveretta
Hodgdon, Cashman & Co
State St
Massachusetts Securities
Hodgkins & Lowther
Equitable Bldg
American Woolen Company
Guaranty Trust Co
WM. H. Dwelly, Jr
Massachusetts Lighting Companies
Addis M. Whitney
Beverly
Blake Bros. & Co
R.L. Day & Co
Estabrook & Co
Bond & Goodwin
First National Bank
St. Paul
Texas Oil
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