Railroad Rate Increase Analyzed Impacts on Profits
An editor notes that railroads seek a freight rate rise of about 10 to 15 percent to offset rising wages and material costs. Using last year’s earnings, projected per share gains from rate increases are outlined for major lines, while noting costs from the Adamson act and coal prices may absorb much of the gains. The piece argues the industry needs sufficient earnings to attract capital without overleveraging, pointing to New York Central and others’ balance issues and the risk of debt growth undermining investor confidence.
MENTIONED IN THIS ARTICLE
Interstate Commerce Commission
Erie
New Haven
Union Pacific
Boston & Maine
New York Central
Pennsylvania
Atchison
Beltimore & Ohio
Kony
WB Vsessoes
Southern Pacific
Reading
The
Post
Lake Shore
Pere Marquette Bonds Sold For Reorganization Plan
Two reorganization managers have sold to Harris Forbes Co six million dollars of Pere Marquette Railway first mortgage five percent bonds due 1966. The new company will start operations with cash on hand between eight point eight million and nine million dollars. New securities to be issued in exchange for the old bonds will be ready in April.
MENTIONED IN THIS ARTICLE
Harris, Forbes & Co
Pere Marquette Railway Company
Stock Prices Irregular Gains and Losses In Markets
Irregular stock movement with losses and gains. Trading dull overall with sugar stocks holding strength. New York total 619,500 shares, Boston 18,646. Most active New York steel 124,600. Boston Swift & Co. 2,544. YTD New York 51,735,500 shares. Boston 2,265,145. Last year New York 41,586,400. Boston 3,312,820. Biggest New York gain Cuban Cane Sugar 465-8. biggest New York loss Woolworth 141. Boston gain N E Cotton Yarn pref 90. loss N E Cotton Yarn 90.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
Swift & Co
Woolworth
N. E. Cotton
le Aeegee
Republican Motors
Rock Island Com
Eee Earees
United Motors
Coaden O & G Com
Elk Basin Pete
Federal Oil
Int
Pete. VE
Merritt
Pierce Oil
Enwereereees
Miami
Sapulpa
M & St L New
Mo Pacific
K & Texas
Sinclair
Mo Pac of Chaos
United W
Ita
Eeean
Utah
Pete i Teeeeene
ANT
Nat Biscuit
West End
Nyc& St Lantes
Alaska Standard
Nor & Western
Apex
Am Co
Ig Ae
Atlanta
Tenes Anne
Ohio Cities
Big Jim
Pac
Cesio
Boston & Montana
Butte
Arisona
H. Last
Iron & Stl
Japan
Dexteretts
Al-Chalmer
Alo
Chicago
Howe Sound
Loft
Jerome Verde
Teeevevers
Tenn Cop & C Wi
Texas Aeenee
Jerome Victor
Liss
Jim Butler
Manhattan
Eeeeres
United
Mogul Mining
Aenenee
Writ
Papf Wes Eeewes
Montana Pitts
Minmopelia
Close
Pr. Aube
Eure
Atchison
Duluth
Va Iron C & C
San Toy
Wwewereees
Bteel Pf
Willya-Over Pf
Seeee
Cal & & Pup
Iit
Wilson & Co
Chi AT & P
Ari Be
Mountain Col & Southern
Denver & RG
Market dullness before Congress session unsettled New York
New York market activity drifted to a dull routine as investors awaited Congress and clearer condition adjustments. Light dealings marked the day with pools in war-related stocks providing rare bursts, while fears over crop reports, international tensions, and weaker earnings restrained price action. Total sales reached 610,000 shares with minor gains in United States Steel and Reading, and a closing uptick in United States coupons on call.
MENTIONED IN THIS ARTICLE
New York
Congress
Central
Union Pacific
United States Steel
Reading
Steel
Spain
London
United States
New York Stocks: Highs Lows and Closing Quotes
New York, March 27. Following are the high and low figures, closing quotes, and changes from the previous close for today. Market movements and key stock prices were reported, reflecting early gains and late sessions across major indices.
MENTIONED IN THIS ARTICLE
New York
Grain market snapshot amid banker activity abroad
Sterling Francs and the mark appear active with commentary on bankers and cables. Cited figures include a 7.75 rate, 4.76 percent demand, 5.84 and 39 for marks, and 28.40 roubles amid market fluctuations and currency notes.
MENTIONED IN THIS ARTICLE
Isiness Betwen Bankers
Market Shows Little Change With Minor Shifts Across Shares
The Boston market edged with small losses and gains. Allouez fell 11 2 to 65, Boston & Main 421 2, while Swift & Co rose to 151 2 then closed at 149. American Zinc firmed. Island Creek and Calumet & Arizona gained. Tamarack up 1/2 to 59 1/2. New England Telephone payment due March 31.
MENTIONED IN THIS ARTICLE
Allouez
Boston& Mainé
Swift &Co
American Zinc
Island Creek
Calumet & Arizona
Tamarack
Calumet & Hecla
New England Telephone Company
Boston Stocks Report March closing quotes
Boston records show the day’s high and low with closing quotations and net changes from the previous session. Trade activity reflects market sentiment amid broad financial movements impacting stocks in the morning and afternoon sessions.
Money Markets March 27 Quotations and Fed Notes
Current quotations show brokers call loans at 3 4 to 4 percent and outside brokers loans at 3 4 to 4 percent. Commercial loans to individuals credited at 4 to 5 percent, with commercial paper at 4 to 4 1/2 percent. Year money at 4 1/2 to 4 percent, and federal reserve rules cover paper maturing within 15 to 180 days for rediscount or purchase by the Fed.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank
Arizona Southwestern copper prospect sparks strong investor interest
Arizona Southwestern is highlighted as the leading copper producer with large ore bodies and extensive development. The mine is described as well equipped, with preliminary work completed and ready for production. Shares are offered at 60 cents, with investors urged to buy and receive a descriptive circular.
MENTIONED IN THIS ARTICLE
Arizona
Arizona Southwestern i
Treasury
Also Mentioned on This Page
Cincinnati Gas & Electric Company
City of
Cincinnati
Cincinnati Edison Electric Company
A. B. Leach & CO
Post Office
Mohican
Frank J. Smith & CO
Congress St
Mass
First National
Temple K. Fay & CO
Curb Exchange
State Street
Island Creek Coal Company
F. W. Batchelder
Island Creek Coal Company Common Stock
Island Creek Coal Comany
Cessia
F. W. Batochelder
American Telepixns & Telegraph Co. Co
DV. Milne
N.Y
George Graham Rice
S and Mies
William St. New York
Avada Copper CO
S. L ., Waitzfelder & Co
Pere Marquette Bonds
Kidder, Peabody & Co
Devonshire St
Wall Street
Baring Brothers & Co., Ltd
U.S
New York Market
Reeses
Kerrene Aenee
Telé
New River
Lew Idria
North Butte
Seaee
Pullman Co
Ray Cove
St Mary's M Ld
T& Co
Trinity
Tneee Tees
United Shoe
Utah Constalt Apex
Utah Metal
Teeserees
West Union
Righte
Industrials
Nevada Douglas
Nixon Nevada
Troy Arizon
Yukon
F. Eugene Farnsworth
Medford
America
Boston Stocks
An & T
Swift
West T & T
Zinc Tegeneres
Ceee
GéwWl
Cal & Arisons
Vis Daly
Ch'ge
Alaska
Bay Stats Gas
Bingham Coal
Bingham Mines
Steeee
Boston Electro
Boston & Mont
Butte & London
Calumet & Corb
Calumet & Jer
BAY State Filmco
Motion Picture
Sharon
P. O
BAY State Film CO
High Street
Lutte
Fort Hill
Money Markets
York Funnds
Treasury York
John E. Allen & CO
Devonshire Street
WAD
Au EZ & Coo
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!