Financial note on International Steam Pump Co and receivership fears
The analysis reviews the International Steam Pump Company amid rumors of receivership. It notes a sharp stock drop, a 60 price for first mortgage bonds yielding over 9 percent, and a long record of weak earnings with the preferred dividend passed. It cites $150,000 annual savings, a history of watered stock and costly acquisitions, and hints at a probable reorganization to restore earnings.
MENTIONED IN THIS ARTICLE
International Steam Pump Company
Steam Pump Company
International Steam Pump
International Steam Pump Co
New Jersey
Henry R. Worthington Co
Blake& Knowles Co
Holly Manufacturing Co
Steam Pump Co
Cotton Markets May 6 Report
Cotton prices were generally above yesterday’s trading level with a steadier undertone and smaller activity. Weather is favorable though germination complaints rise in Alabama and a few in Texas and Georgia. The weekly weather report shows a mixed pattern with cool dry early week and later moisture in the Western belt. Alabama, Georgia, and the Carolinas want rain.
MENTIONED IN THIS ARTICLE
Alabama
Texas
Georgia
Mississippi
Carolinas
Market totals show lower yesterday and year over year
New York total sales 331 300 shares and Boston 18 826. Steel common led activity in New York with 61 700 shares and Boston with 2230. Jan 1913 year to date sales NY 32 197 500 and Boston 2 240 984. Latest year-ago totals: NY 54 420 200 and Boston 5 111 300. Am Su rose 5 to 165 in New York. Rumely Co fell 43 8 to 25 1 2. Am Sugar pref rose 23 4 to 114 1 2 in Boston. Calumet & Hecla fell to 4 51. Call money NY 2 1 2 to 3 pct. Boston 3 1 2 to 4 pct. Time money NY 3 3 4 to 4 1 2 pct. Boston 4 3 4 to 5 1 2 pct.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Am. Su
Rumely Co
Sugar Pref
Calumet & Hecla
Arizona
Bos
Bos& Albany
Bos & Corbin
Bos & Lowell
Bos & Maine
Bos & Maine Pf
Butte & Sup
Cal & Arizona
Cal & Heela
East Butte
Franklin Sete
Kerr Lake
Mason Valley
Miami
Ny&nh
North Butte
North Lake
Old Colony
Old Doreinion
Penn R R Rts
VGB
Pond Crk Coal
Pond Crk
Pullman Co
Quincy
Follso
Ray Consol
Shannon
Trinity
Bly
Union Pac
Union Pee
United Fruit
United Shoe Ease
U S
U S Steel Tee Eees
U S Steel Pf
Utah Apex
Utah
Wolverine
Bond market mixed with varied convertible and corporate issues
Irregular trading featured principal activity in Atchison and Baltimore convertibles, Brooklyn Rapid Transit 4s, Rock Island collateral 4s, International Steam Pump 5s, and New York Railways adjustment 5s while United States government bonds were noted.
MENTIONED IN THIS ARTICLE
Atchison and Baltimore & Ohio
Brooklyn Rapid Transit
Rock Island
International Steam
New York Railways Adjustment
Investment notes list of preferred stock issues and bonds
A dense inventory of preferred stock issues and bonds with issuing companies and par values, including 150 Library Bureau Pfd 25M Det Southern Ohio Southern 4's 25 Draper Co 60 Central Maine Power Pfd 100 US Finishing Pfd 60 International Teleg Co of Me 40 Bashawena Mills 65 Terre Haute Indianapolis & E Pfd 100 Butte Consolidation Mining Co 100 Maverick Mills Pfd 4M Cons Indiana Coal 5's 1935 125 Muncie Hartf & Ft Wayne Pfd 20 American Chicle Gum 100 US Envelope Pfd 100 T H Symington Co Pfd 5M Muskegon Trac & Lt 5's 1931 5M Tampa Northern 5's 1936 10M Birmingham Ala Wtr 5's 1939 25M Buff & Susquehanna 41's 1953 Cable Address TOCKIN
MENTIONED IN THIS ARTICLE
Library Bureau
Southern
Ohio
Muskegon Trac & Lt
Tampa
Southern California Edison seeks stock sale to redeem debentures
The Southern California Edison Company applies to the California Railroad Commission for authority to issue 3 000 000 dollars in common stock. Proceeds would redeem 320 000 dollars of outstanding debentures discharge floating debt of 1 105 000 dollars and pay for additions and betterments.
MENTIONED IN THIS ARTICLE
Southern California Edison Company
California Railroad Commission
Dividends Declared by Several Companies
Dividends are declared by Silversmiths Company at 11 1 2 percent payable May 15 to holders of record May 8. Catawissa Railroad declares 2 1 2 percent on preferred stock payable May 19 to record holders May 10. American Cotton Oil announces 3 8 percent on preferred stock payable June 2, with books closed May 16 and reopened June 3. Old Colony Trust Company sets 2 1 2 percent quarterly payable May 15 to record holders May 6.
MENTIONED IN THIS ARTICLE
Silversmiths Company
Catawissa Railroad Company
American Cotton Oil Company
Old Colony Trust Company
Norfolk
Va. K
Old Point Comfort Hotel
Chamberlin
Boston
Merchants & Miners’ Transportation Co
Battery Wharf
Washington St
State institutions seek coal bids for 50,500 tons in 1914
Massachusetts agencies invite sealed bids by May 14 1915 for about 50 500 tons of semi bituminous and birds eye coal for multiple state hospitals and schools. Bids must specify coal beds mines origin and location with bond or four percent check. forms available May 7 from FE R Libby Boston.
MENTIONED IN THIS ARTICLE
FE. R. Libby
State House
Boston
Mass
Coal Committee
Associated Purchasing Agents
Boston State Hospital
Dorchester Centre
Melville L. Stacy
Otis E. White
Elmer R. Libby
State Street Leads Mixed New York Market Activity
Market report notes a downbeat session with many leading stocks retreating after yesterday’s gains. Copper demand in Europe improves slightly but domestic sellers resist current prices, while Boston & Maine faces questions over financing of a $14 million issue. Total sales for the day reach $1,772,000 with week and year comparisons provided.
MENTIONED IN THIS ARTICLE
Boston
State Street
Europe
Boston & Maine
Boston & Maine Securities
New York Stock Market Sags Amid Bearish Turn After Gains
The New York market fell back under a bearish mood despite earlier gains linked to easing European tension and strong foreign markets. Traders cited slow business, textile mill closures in New England, and a July 1 deadline forcing Harriman stocks lower. Domestic and international equities declined with Southern Pacific and Union Pacific among notable losers. gold outflow amid Paris gold demand added to late-day pressure. Bonds were irregular as total sales reached 1.772 million dollars.
MENTIONED IN THIS ARTICLE
New York
New England
Harriman
Supreme Court
London
Southern Pacific
Union Pacific
Paris
Balkans
E Europe
United States
Petition for administration of Earle estate in Boston
Commonwealth of Massachusetts Probate Court cites heirs and creditors regarding Ellen W Hallaren seeking letters of administration for George H Earle estate. Hearing set May 22 at 10 am in Boston Suffolk Court. Public notice to run weekly for three weeks in the Boston Post. Witness Robert Grant. ARTHUR W Dolan, Register.
MENTIONED IN THIS ARTICLE
Commonwealth OF Massachusetts
Suffolk
George H. Earle
Boston
Ellen W. Hallaren
Boston Post
Robert Grant
Esquire
Arthur W. Dolan
Register
Assessors call for property tax returns due May 15
Notice from the Assessors Office Boston dated April 1 1913 urges residents to file property tax returns as early as possible and no later than May 15 per order of the Board. Secretary Charles Ef. Folsom cites the call to action.
MENTIONED IN THIS ARTICLE
City Hall
Boston
Board of Assessors
Charles EF. Folsom
Mass
Lawyer Hill
Court St
Ellis Company Ad Offers Merced Silk Hose and Balm
One pair mercerized silk hose any size or color and two 25e boxes. Ellis' healing balm guarantees relief for eczema galls itching skin ivy poisoning mosquito bites tired feet or money back. Send S0e stamps or coin to Ellis Company Harrisburg Penn.
MENTIONED IN THIS ARTICLE
Ellis
Ellis Company
Warrisburg
Penn
Norfolk county borrows 100000 from Boston State Deposit Trust
Norfolk county Massachusetts awarded a temporary loan of 100000 dated May and due December 8 to the Boston State Deposit Trust Company. Other bidders were Loring Tolman and Tupper and Curtis and Sanger. Winthrop bids remain open until noon May 12 for 0 875 12 per cent.
MENTIONED IN THIS ARTICLE
Norfolk County
Massachusetts
Boston Sate Deposit & Trust Company
Loring, Tolman & Tupper
Curtis & Sanger
Winthrop
Mass
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Kidder, Peabody & CO
Devonshire Street
Wall Street
Travellers International Cheques
Baring Brothers & Co., Ltd
Sree
Railroad Statistics
Congress St
Wall St
Liverpool
Deelan Close
Close
World
U. S
North America
Chicago
Union
Canadian Pacific
Hartford Carpet Co
American Glue Co
Am Investment Sec
U S Metal Products Co
E Investment
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Oklahoma Central
Mexican Coal & Coke
Orleans Tex & Mex
Dayton Pow & Light
Fore River Shipbuilding
US Finishing
Pope Manufacturing
Boston Condensed Milk
Waltham Watch
Buff & Susquehanna
Tockin
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Northampton State Hospital
Danvers State Hospital
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Medfield State Asylum
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del & Hudert
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Siggett & M
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Byicg
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Klee Mo Pac
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Ieee
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T&t We
Az Rees
AT & SF Cvt
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Smelt & R Pf Wwe
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Goodrich
Harvester
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Lehigh Valley
Liggett & Meg
Louis Nash
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Miami Copper
Nat Bis
Eae Rantenia Cessumiasesenienseictiesenae Sane
Nat E&§ Oe
Nevada
Nynhgh
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Nor & West
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Sl&sf
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Gen
State St
N. Y
W. H. Eaves
New England Pass
England
TOURS
France
Geo. E. Marsters
Atkinson Law Offices
Beacon St
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F. HW. Hobbs Og IF
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UU. Hobbs & CO
ALLAN
Glasgow
Derry
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Halifax
Bioteeburg
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F. W. Bedell
Sagamore
Michigan
Furness, Withy & Co.,ltd. Agts
Broad St
Tel
Fort Hill
Thomas J. Flynn & CO
Essex St
City Sq
Curtis
Mt. Vernon St
Beacon Hill
Irton
Lunetta V. Nickerson
Winter Hill
Walnut St
Somerville
Consolidated Stock Exchange of
Croad Street
N.Y
Rocksland
Pennsylvania and
U. S. Steel
Marks & Chester
CASIT
Dudley St
Linsky& Cohen
Dover St
Max Keezer
Harvard
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Mass. Ave
Cambridge
Keezer
Columbus Ave
Dartmouth
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Foff&tekon
Rosencranz
Remington St
Lenox Jewelry CO
Boylston Jewelry Co., Inc
School St
J. S. Round & Co
N. E. Wilson Bros
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Roy
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Boylston St
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O&ted
Cc. J. Rose & Co
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E. C. Howe
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A. Lowenstein & Sons
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Union St
Randolph Ave
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Oliver
I. M
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Berens
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EIBYS
L. Hayes
Commercelal Ss
F. Riley
City Sd
Wotor
Bowen
Bowker
Cor
Sudbury
Compton and
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Castle Sq
Ady
Chandler St
C. S. Gooding