Railroad Rate Case Editorial Analyzes Road Earnings
An editorial previews the Interstate Commerce Commission decision on rail freight rates, weighing whether higher charges are needed as operating costs rise. It reviews three Eastern roads the Baltimore & Ohio, the Pennsylvania, and the New York Central, tracing their expense trends, maintenance costs, and returns on invested capital through recent years.
MENTIONED IN THIS ARTICLE
Interstate Commerce Commission
Pennsylvania
Baltimore & Ohio
New York Central
Mississippi
Ohio
New Haven
Boston & Maine
St. Paul
Illinois Central
Stock Markets Show Dull Irregularities Across Cities
Total sales in New York reached 272,400 shares and Boston 24,942 as the market remained dull. Reading led activity in New York with 60,100 shares, while Butte & Superior topped Boston with 5,731. Year to date, New York totals 30,920,000 shares and Boston 2,281,445. Comparisons show declines from last year in both cities. Notable gains include Studebaker pref in New York and Union Pacific in Boston. losses feature Studebaker common and Edison in Boston. Call money in New York at 1.5 to 2 percent. time money ranges 2.75 to 4 percent in New York and 3.0 to 4.5 percent in Boston.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Butte & Superior
Studebaker Pref
Studebaker Common
Union Pacific
Edison
Maine Central
Ahmeek
Alaska
Bane Ag
Am Ag
Te & Tel
Te & Tel 12284 122 As 1223¢ 122% Am Woolen Pf 7634 76%, 763% 7614 100 m Inc
Nac
Arizona Com
Atchison Pf
Gulf Pfeeces
Bos
Bos & Area Saa
Bos & Lowell
Bos & Maine
Bos & Wor el Pf
Butte Ballak
Butte & Sup
Cal & Arizona
Cal & Hecla
East Boston
Indiana
Island Creek
Isle Royale
South
Utah
Swift & Co
Torrington
United Fruit
U S
US Steel
U S Steel Pf
Consol
West End
Wolverine
New York Market Slumps Amid Uncertain Outlook
Speculation moved slowly on May 5 as confidence faded and outside buying declined. Traders shifted sides, keeping quotations in a narrow range with no major changes. Hill shares led declines after a denied bond issue report, Missouri Pacific eased late as directors did not act, and crude oil price cuts plus pipeline dividend reductions sparked sizable oil stock losses. Bonds held steady with total sales at par value $2,300,000.
MENTIONED IN THIS ARTICLE
New York
London
Hill
Northern Pacific
Missouri Pacific
United States
Irregular Market Day in Boston Stocks and Spelter
Irregular price movement defined the Boston market as bears pressed favored issues like Butte & Superior sliding from 38 3 4 to 36 1 4 and closing there. Circuit Court of Appeals decision reduces uncertainty for Butte & Superior though a lingering dispute with Senator Clark and mineral rights remains unresolved. Spelter weak at 4.90 cents, Shoe Machinery advances tied to a government suit, and Alaska Gold, Keweenaw, New Arcadian, and Winona show narrow moves amid varied bond activity. overall close characterized by high irregularity.
MENTIONED IN THIS ARTICLE
Boston
Butte & Superior
Circuit Court of Appeals
Senator Clark
Alaska Gold
Keweenaw
New Arcadian
Winona
Kansas City
Boston Stocks and Bonds Summary
Boston market page lists various securities with bid and ask figures. Notable entries include AT&T 4s around 88, CB&Q 4s near 97, Chic June 4s at 100, KCM&B 4s at 85, NE Coty 5s at 80, NE Tel 5s around 100, An Fr 44s 1928 near 96. Prices shown as multiple quoted levels.
Market Report Shows Firm Tone In Bonds And Loans
Trading in New York May 5 notes firmness with major activity in Brooklyn Rapid Transit, Rock Island collateral, Interborough, Metropolitan, and Southern Pacific issues. U S Government bonds declined slightly from prior sale. total $2,295,000 in bonds traded for the day, with weekly and year ago comparisons provided.
MENTIONED IN THIS ARTICLE
Brooklyn Rapid Transit
Rock Island
Interborough
Metropolitan
Southern Pacific
United States
Bond market notes from multiple cities with bids and sales
Winthrop bids due May 6 for 20000 temporary loan due November 15 1914. Westfield sells 25000 4 percent gas and electric light bonds dated May 1 1914 with annual redemptions 1915-1934 to Merrill Oldham Co. Other bidders listed. Dedham bids due 430 pm for 50000 temporary loan due Nov 3 1914. Syracuse seeks 363000 4 percent bonds dated April 1 1914 due 1915-1934. Buffalo Rochester and Pittsburg Railway sells 944000 5 percent equipment trusts series H 1915-1980. Lake Shore and Michigan Southern sells 20000000 one year notes in London and Paris dated May 15.
MENTIONED IN THIS ARTICLE
Westfield
Mass
Merrill, Oldham & Co
BE. M. Farnsworth & Co
Old Colony Trust Company
R. L. Day & Co
Estabrook & Co
N. W. Harris & Co
Curtis & Sanger
Blodger & Co
Hayward Wilson and
Blake Bros. & Co
Syracuse
N. Y
Buffalo, Rochester & Pittsburg Railway Company
Lee, Higginson & Co
Lake Shore & Michigan Southern Railroad Company
London
Paris
Copper production and earnings rise in early 1914 reports
China Copper reports 18,089,127 pounds produced in Q1 1914 with net earnings of 1,238,982 and a surplus after dividends of 599,367. Nevada Consolidated outputs 15,597,592 pounds with net earnings 801,440 but a deficit after dividends of 177,044. Utah Copper produced 32,846,155 pounds yielding 1,965,074 in net and a surplus after dividends of 775,634. Production costs per pound were 7.57 cents for China Copper, 10.21 cents for Nevada Consolidated, and 9.423 cents for Utah Copper.
MENTIONED IN THIS ARTICLE
Current News
China Copper
Nevada Consolidated
Utah
Dividends Declared by Rail and Industrial Stocks
Buckeye Pipe Line declares quarterly 4 percent dividend payable June 20 to holders of record June 3. Kings County Electric Light pays 2 percent quarterly on June 1 with record May 21. Lindsey Light announces quarterly 1.25 percent on common and 0.75 percent on preferred stock, payable May 29 to May 15 record. Old Colony Trust quarterly 2.25 percent on record May 5 payable May 15. American Cotton Oil issues semiannual 3 percent on preferred stock payable June 1 with record May 1. Quaker Oats quarterly 2.25 percent on common stock payable July 15 with record July 1 and 1.5 percent on preferred stock payable August 31 with record August 1.
MENTIONED IN THIS ARTICLE
Buckeye Pipe Line Company
Kings County Electric Light and Power Company
Lindsey Light Company
Old Colony Trust Company
American Cotton Oil Company
Quaker Oats Company
Metals market report from New York Exchange
Copper prices steady on the New York Metal Exchange with spot and futures near 13.40 to 14.00 and 14.87 for electrolytic. Tin weak at 33.05 to 33.15 with July 33.20 to 33.40. Lead quiet 3.85 to 3.95. Spelter steady 5.05 to 5.10. Antimony quiet at Cookson's 7.15 to 7.25. Iron unchanged and quiet.
MENTIONED IN THIS ARTICLE
Mayney
Alaska
Baldwin Loco
Ohio
Beth Steel
Beth Steel Pf
Bklyn
Cal Pet Corp
Ches & Ee
Fed M & S of
G'drich Y F Co
Bretts
Central
Ins Cop Co
Kan City
Lehigh Valley
Liggett & Mey
Miami
P&s
Nat Biscuit
Boston
New York
Nevada
Cbs
Nynh&h
Pitts Coal
Pitts Steel of
Seere
York
Sub-Treasury
New York Banks
Timely Co
New York Metal Exchange
Cookson’s
Plan Ball for Seals' Fund Seeks Aid for Widows
Newfoundlanders' Benefit Association votes to stage a social and dance at Paine Memorial Hall on May 25 to support the fund for widows and orphans of Newfoundland sealers. John P. McCormick says the executive committee will meet again twice this week at Intercolonial Hall Roxbury to finish book collections.
MENTIONED IN THIS ARTICLE
Newfoundlanders’ Benefit Association
Paine Memorial Hall
Fund For the Relief of the Widows and Orphans of the
Newfoundland Sealers
John P. McCormick
Intercolonial
Roxbury
Torchy's Bold Call Echoed by Sewell Ford
A tease for The Up Call for Torchy by Sewell Ford in the upcoming Sunday Post Magazine notes Torchy's confidence and appeal, hinting at a feature that will explore his daring persona and charm.
MENTIONED IN THIS ARTICLE
Torchy
Sewell Ford
Next Sunday Post
Also Mentioned on This Page
Kidder, Peabody & Co
Devonshire St. Boston
Foreign Exchange
Letters of Credit
Wall Street
Baring Brothers & Co., Ltd
Penses
Gross ¢Balt
On. Y
bPenn
Ohio Central
Settee
Sylvania
Y.C. Penn
the Virginian Railway Co
Wlar
Chicago
United Shoe
New York Market
Texas Pacific
Tenn Copper
the Texas Co
Twin City RT
UN Bay Area Ee
U S Rubber
U S Steel
Wells-Fargo
West Union Feewee
Westinghouse
W& LE
Woolworthese Ewes
Money Markets
Braden Soc
Snl
Boston & Montana
Goldfield Consol
Greene Cananea
Rose
McKinley Dar'b
Stoe Open High
Bay State Gas
Bohemia Pectin
Boston Ely
Butte & London
Calaveras
Cal & Corbin
Ares
Sir Davis Daly
Nat’ Se
Goldfield
Hollinger
Houghton
Humboldt
Dominion Rts
City of
Calgary
Alberta
Canada
WM. A. Read & Co
Congress St
Philadelphia
Boston Stocks
Standard Oil
Anglo-American Ey
National Transit
Pideeesee
New York Transit
Northern Pipe Line
Ohio Oil
Pierce Oil Co
iExe Settee Erereese Eee
South Penn Oil
Ee Standard Oil
Beetori
Chenkessacuaes
Aia
Swan & Sondard
Tate
Stock Exchange
Ieeeee
At&s
Atl c
Ohio Conn
Cal
Cedar
St Louis
C Os
Cen RI
Cbé
Virginian
Ccci Western
Weat Union
Ib Sistele
Mo Pac
Cc Stil & St P
Deb
Mobile & Ohio
Mort &E
Wiestghse
Ieee
Newman
Duluth
St. Louis
Toledo
Detroit
Liverpool
At . Ars Bees
Ipm
Wen
Seemeer
St. Pert Nefsons
W & Bos
Ste
Norf & W
Coal & Coke
Am T&ts
Col & Sorf Nate
North Pacific
Cumberland
At&sf
den & RG
Ontario
Ads Distillers
Oeree
Erie
Tien
Fort W& DC
Gen Motors
iSt ‘Limes F & Gulf div
I Steel
Ea & O
Indiana Steel
Bulya Rap
Bulya
Peoria & W
Aceon Cen Pacific
Pac
Lorillard Co Speeee
LRR
Bkg Pheens
San An
Denver Gas & Electric Light Co
Guaranty Trust Company
Denver Gas & Electric Light Company
Denver
Colorado
Guaranty
Cities Service Company
Sollers, Phillips & CO. Incorporated Investment Securities
Devonshire Street
Elmira Water, Light &Railroad Company
Public Service Commission
2D District
State of
Richardson, Hil & Co
Chicago, Rock Island & Pacific R.R. Co
Central Trust Company OF New York
Madison Avenue
42D Street
New York City
Chicago, Rock Island & Pacific Railway Company
Joline
Larkin & Rathbone
Cravath & Henderson
C. E. Sigler
James Brown
Bernard M. Baruch
Henry Evans
Frederick Strauss
J. N. Wallace
Winthrop
Dedham
American Heal Estate Company
Cap. & Surplus
Beacon Street
Everett A. Whith
Atchison Lehigh Valley American Car & Foundry
Massachusetts
W. G. Carroll
Lawrence Bidg
Tremont
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