Panhandle Subsidiary Cuts Dividends On Preferred And Common
dividends lowered on U S Smelting issues with the Panhandle subsidiary reducing preferred rate from five to four percent and common from five to three percent annually while regular dividends continue.
MENTIONED IN THIS ARTICLE
Subsidiary of
Pennsylvania
U. S
Market Report of Yesterday's Stock Activity
Total sales by exchange show New York at 233000 shares and Boston at 21479 with steel leading in New York at 33100 and Calumet & Arizona in Boston at 2297. Year to date totals reach 21669900 in New York and 1572645 in Boston with gains and losses led by General Motors pref and P C C St L in New York and Am Smelting pref and West End St Ry pref in Boston. Call money sits at 2 percent in New York and 3 percent in Boston, while time money ranges from 23-4 to 41-2 percent in New York and 4 to 4 1-2 in Boston.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
Calumet & Arizona
General Motors
Butte & Sup
Cal & Arizona
Cal & Hecla
Baele's
Cum Co P & Lt
Bast Butte
Edison Elec
Ranklin
Rts
Eres Ie
Helvetia
Indiana
Inspiration
Isle Roya
Kerr Lake
Seeesee
Keweenaway
Maine
Mayfower
McElwain 1St Ag
Miami
Mohawk
New Arcadian
Ew Eng Tel
YEN Eestee
Nipissing
North Butte
North Lake
Old Colony
Wit
Pullman Co
Quincey Ls Hee Oe
Ray Co
St Mary
Shannon
Wees
Shattuck- Ariz
Pacrts
Swift & Coceaweee
Tamarack
Torrington Ee
Torrington Pf
Tuolumne
United Fruit
US Steel
Utah Co. Co
West End
West Budge Thee
Western Union
Winona
Oesetes
Corporation
Poston
Treasury
Sub-treasury
New York Treasury
Mil & St P
Nynh& Hert
Mil & St P Gnlj
Virginia
Mil & St
West Iletrie
Coal & Coke
Sonks
Westghse
Wortheran I
Cri&p Ryeu
West Shore
Dasssee
Wisconsin
Wall Street Falls as Bearish News Shakes Confidence
New York stocks slipped on bearish developments with the railroad list hit by reduced earnings and dividend cuts. The market showed stubborn resistance overall with limited liquidation, while bonds also declined and several industrials faced weak earnings and uncertain demand.
MENTIONED IN THIS ARTICLE
New York
Pittsburg
Cincinnati
Chicago
St. L Louis
Pennsylvania
Athicosa
Atchison
Northern Pacific
United States
Market Bears Test Copper and Bonds in Boston Trading
The Boston market shared New York’s lower price trend but buyers supported Calumet Arizona Alaska Gold and other issues. Copper rose to 1458 cents a pound with Calumet & Hecla asking 15 cents. tax exempt stocks and listed bonds remained in demand. Bond volume hit 61 400 for the day and 3 834 300 since Jan 1, with New Haven and Boston & Maine among weaker closes.
MENTIONED IN THIS ARTICLE
Boston
New York
Calumet & Arizona
Arizona Commercial
Alaska
Calumet & Hecla
New Haven
Boston & Maine
Bank to Hold Special Meeting on Directors Increase
First Ward National Bank calls a special stockholders meeting for April 14 to raise the board from its present limit to 20 members. Westinghouse Electric names Nl H Westinghouse as director to succeed the late George Westinghouse. Central Trust Company NY replaces Thomas W Lamont with President Wallace.
MENTIONED IN THIS ARTICLE
W. S. Barstow & Company, Inc
Pine Street
New York
General Gas & Electric CO
General Gas & Electric Company
O. Clement Swenson
First Ward National Bank
Westinghouse Electric Manufacturing Company
George Westinghouse
Wallace
Central Trust Company of New York
Thomas W. Lamont
Metal market report shows firmness across copper and tin
Copper on the New York Metal Exchange held firm with spot and May at 43.87 and related quotes. Tin remained steady around 8.55 to 8.75 for spot and futures, while lead and antimony posted mixed, weaker readings and iron stayed unchanged.
MENTIONED IN THIS ARTICLE
New York Metal Exchange
Market Wrap Delivers Mixed News After Dividend Shock
State Street topics show broad declines with several points loss across the list as the prior rally loses momentum. Amalgamated stays steady while Panhandle common sinks after a dividend cut rumor. International Harvester edges up on possible large stock dividends if a government dissolution suit wins. Copper prices rise to 14 5/8 cents though no orders by buyers. debate over foreign copper stocks and storage abroad fuels fresh discussion.
MENTIONED IN THIS ARTICLE
Amalgamated
Panhandle
International Harvester
New York Journal of Commerce
Germany
Hamburg
Dresden
Berlin
Europe
New York Bond Market Hits High for State 44s
The New York State 44s rose to a record high 109 while Rock Island collaterals fell about a point. The overall tone of trading was irregular with activity fairly brisk as many government and corporate issues moved.
MENTIONED IN THIS ARTICLE
New York State
Rock Island
Freight rate hikes boost 61 eastern railroads profits
Merrill, Oldham & Co. report on the potential direct gains for 61 eastern roads from a proposed Interstate Commerce Commission freight rate increase. Based on year end June 30, 1915 figures, 3 percent would add 28.6 million to dividends, 4 percent 38.1 million, and 5 percent 47.6 million, with broad indirect benefits nationwide.
MENTIONED IN THIS ARTICLE
Interstate Commerce Commission
Thompson, Towle & Co
Congress Street
United States
Inc
Ice Ann Arbor
Atlantic City RR
Ealt & Ohio
Bangor & Arcost
Bessemer & 1
Ene
Boston & Mame
Buff, Roch & Pitts
Buff & Bums
Ind Railway
New Eng
Cen
RR of NJ
Vermont Ry
Hic& Elll
Chic & Erierr
Chic Ind & So
Chic
Ind & Louis
Chic Ter Hau & So
Cin Ham & Day
Cin Northern
Dela & Hud
del Lack & West
Delr & Mack
Leh & New Eng
Lehigh Valley
Maine
NY Ont&West
Phil
Abu
PRR
Pitts
LW of
Peoria & Fast
Pere Marquette
Phil Ball & Wash
Detrot & Iron
Elgin Jol & East
Weeces
Phil & ES
Pitts & Lake Erie
Pitts Shaw & North
tRutland
Tol & Ohio Cen
Tol St
L & West
Ulster & del
Vandalia
West
Maryland
Lake Erie
Merchants National Opens New Quarters on State Street
Merchants National Bank unveiled its new quarters at 28 State Street, offering a modern facility with marble interiors and extensive vaults. The bank, formerly a gold custodian and clearinghouse for Boston banks, features a mezzanine and second floor for clerks, direct State Street access, and a vault system designed for enhanced security. Officers listed include Eugene V. R. Thayer as president and Frederick C. Waite as cashier.
MENTIONED IN THIS ARTICLE
State Street
State and Exchange Streets
Boston
Merchants National
Eugene V. R. Thayer
Alfred L. Ripley
Alonzo P. Weeks
Charles B. Wiggin
Frederick C. Waite
William F. Burdett
Ernest A. James
Arthur T. Spring
Merchants National Bank of Boston A Century and a Half of Growth
The Merchants National Bank began as a state bank in 1831 and later received a national charter in 1864. By March 4 last its capital stood at 3 million dollars with 2 million in surplus and deposits near 26.0 million. The institution has had six presidents, including Edward Eldredge, Mark Healey, Franklin Haven, Franklin Haven Jr, Arthur Silsbee, and Eugene Thayer. In 1912 it absorbed the State National Bank and moved into a new 10 story fireproof building on State Devonshire and Exchange streets with extensive frontage and all steel, terra cotta, bronze, marble, and linoleum interiors.
MENTIONED IN THIS ARTICLE
Edward Eldredge
Mark Healey
Franklin Haven
Eugene V. R. Thayer
Merchants National Bank
State National Bank
A. L. Ripley
State Street
Devonshire and Exchange Streets
Also Mentioned on This Page
State of
California
Massachusetts
Connecticut
States
Halsey & Co., Inc
Congress St
Philadelphia
Adirondack
Elec
American Power & Light
Mississippi River Power
Montana Power Southern Cal. Edison Standard Gas & Electric Tennessee Ry. Lt
Utah Securities Corp
Western Power
P. M. Chandler & Co., Inc
Milk St
Handler Bros
United States Smelting Refining & Mining Co
United States Smeltinging & Mining Company
Jdvat
Busine
3Atchelder, Treas
Island Creek Coal Company
W. Batchelder
Treasure
Ariington A Ee
12Rkshire
Carpet Ase Reese
Seopre
Eve
Conteoces
Milis Corp
Dreyer En
Esse Asers Eee
Dwight Weepee
Bist Es
ISS
Essex Ee
Atte Euee
oFee
Great Falls
Warmory Mills Co
Osive
Wrence
Os New Ens
Merrimack Pessgereseceers
Mate
Milly
Georgia
Middlesex
Neeeawe
Thornil Ke
T & Suffolk
Ae Etnae
Waltham
York
York Safe and Lock Co
Sudbury St
Mass
City of
Cleveland
New England
Allis-Ch
Amal Co Thy
Smelt & R
Tel & & Tel
At& SF
AT & SF
Ohio
Beth Steel
Pf Tsaehae
Bklyn RT
Bklyn U Gas
Cal Pet Corp P
Can Pacific
Cen Leather Siggy Aoe
Ches . Ae. Ad
Cm& SP Pf
CNW . Anne
DL & W. Tanner
Erie
Erie Ist Pf
Ode
Goodrich B Hee Co
Liggett & Mey Pf
Meri Store
Mex Pet Co
Ing NY Onté& W
Nor Pac
Nor & Wes
Pac T&t
Penny O
Eager
Pears &E
Pitts Coal
Pitts Coal A
Pitts Steel Pf
Pcce&si de Dare
Ee St L Pf
Sseree
Pub Ser of NJ
Pullman
St Spring
Rock Island Pie
Rumely Co
Peer, Repi
Sea’ Board A L Pf
Sears-Reebuck
South Pee
Studebaker
S Steel
Utah
Westinghouse
Boston Stocks
Mar
AT & T
West T & T Ss
Atlanta
Bay State Gas
Butte & London
Calaveras
Cal & Corbin
Arizona
Nevada
Law
Boston & Scene
Ely
Minneapolis
Duluth
St. Louis
Kansas City
Toledo
Detroit
Money Markets
Metal Markets
Stock Exchange
Pacific
Cereus
Pacific Coast
Eeelg oGk Cofc Ds
Distillers
Ce Beiter
Peoria & E
Sanke Balt & O Pitts L
At & S
Cae & O
Balt & O
Isis Es Bis
Beth ‘Steel
Liggett
Liggett & M
Tsbf
Lorillard
Wasp
Hesion Xu
Bette
Syracus
Texas Co
So Pacific
Riko Ak
René
Ill Steel
Algal
Pele
Kentucky
T &T
Yi Eitaniay
Minn & Stimk & T
Pac
Manhattan
Weat J
Cen Pacific
Ches&o
Gnl
Chea & O
Ees & Q
Ieee
Lé& Quit
Unie
Union
Nh&h
U S Realty &T
Merrill, Oldham & Co
City of Cleveland
New Yrk
Penn Lines
NYC Lines
New Scollay Building Trust
First Mtg
Booth Mfg. Co
New Bedford
Boston & Worcester St. By. Co
Butler Mill
Hayden, Stone & CO
Milk Street
Merchants’ National Bank
Commonwealth
GAS & Electric
Etree
Amst
Attleboro Gas Light
Attleboro Steam & Electric
Beverly Gas & Electric
Rockland
Fall River Electric
All River Gas Works
Fitehburg Gas & Electric
Sessee
Steenfield el, Light & Power
Javerhill Electric Pe Ae . O
Vawrence Gas
Wwell Electric Light Corp
Owell Gas Light
Mn Gas & Electric
Walden Electric
Ee Ee
Walden & Melrose Gas Ee
Tarlboro Electric
Bedford Gas & el
Old Colony Gas Co
Ittsfield Electric
Alem
Sringfield Gas Light
Iburban Gas & Electric
Springfield
O.saee
Boston Gas
Areester
Reester Gas
South Carolina Light, Power and Railways Coo
South Carolina Light, Power & Railways Company
Opret
I Ofan
Aeaee
Oll Irep
Boston Transcript
Boston Post
Boston Herald
Boston Journal
Boston Globe
Boston Advertiser
Agate
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