Missouri Pacific Plans New Financing
Missouri Pacific announces a new financing move with a plan for a preferred stock issue. Westinghouse Electric reports a 10.73 percent earnings yield on its common stock. Massachusetts Gas shows a notably weak feature in a local utility list. United Fruit Co purchases the Revere Sugar Refinery.
MENTIONED IN THIS ARTICLE
Westinghouse Electric
Massachusetts Gas
United Fruit Co
Revere Sugar
Post
Missouri Pacific
Gould
Kuhn, Loeb & Co
Post Authority
Goulds
Westinghouse Electric Manufacting Company
P& L
Markets Report Yesterday and Year to Date Activity
Yesterday totals show New York sales 139 200 shares and Boston 18 651. U S Express rose in New York to 76 while Pabst Brewing pfd fell to 98. East Butte in Boston climbed to 111 2 and Vermont & Mass dropped to 125. Call money moved in New York to 2 percent, Boston to 3 percent. Time money ranged New York 2 1 2 to 4 percent and Boston 3 1 4 to 41 4 percent.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
Mass
U. S. Express
Pabst Brewing Pfd
East Butte
Vermont & Mass
Market Sags on Downtrodden Page with Bond Falls
New York trading on May 2 was dull with Missouri Pacific and Western Maryland shares dropping one to five points amid general hesitancy. Chesapeake & Ohio New Haven American Smelting and utilities such as Peoples Gas and Consolidated Gas showed intermittent heaviness while overall leaders moved little. Foreign exchange rose with sterling to 4.8855 and cables at 489 signaling continued demand from Europe.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Missouri Pacific
Maryland
Chesapeake & Ohio
New Haven
American Smelting
Peoples Gas
Consolidated Gas
Paris
Berlin
Local Market Mixed as United Fruit Plans Revere Refinery Purchase
The local market showed extreme narrowness with Pond Creek reaching a new high while Massachusetts fell to 821-4. United Fruit announced a purchase of Revere Sugar Refinery assets for 1771 shares (~$275,000) and lease of the Cambridge plant at $15,000 yearly, with plans for a new refinery capacity of 1,000,000 barrels annually. Trading ended very dull and heavy.
MENTIONED IN THIS ARTICLE
Buston
Pond Creek
Massachusetts
United Fruit Company
Revere
Revere Company
Cambridge
Fruit Company
United Fruit
Banes
Nipe Bay
East Butte
Arizona
Money Markets Foreign exchange firm with banker bids
The foreign exchange market strengthened with afternoon rates showing Sterling against cables at 4.8895 to 4.80 and 4.814 to 4.8855 for demand. Sixty days quoted 4.8565 to 4.8580 with commercial bills at 4.8465 to 4.8480. Francs 5.1559. Ipus 1-84. marks 95 5-16. guilders 40 5-16. fees 1-32.
Metal Markets Report on Shifts in Key Metals
Market notes show mixed moves in major metals with New York quotes for copper and tin, lead and zinc steady, iron unchanged. Prices listed include copper around 13.64 to 14.12, tin at 52.70 to 52.90, lead near 3.85 to 3.95, zinc near 5.10 to 5.40, antimony around 7.30, while electrolytic and speller values drift within small ranges.
MENTIONED IN THIS ARTICLE
United Profit
Dalay State Gas
Butta
Nevada
Vis Daly
Bay State
Bohemia
Beaver
Butte & Low
Cal Corbin
Calaveras
Corbin. Ag Oy
Davis Daly
Eagle & Blue Bell
Nat'l. Tix
Goldfield
Humboldt
Ludlow
Chicago
WBA
Open
Prey
New York
Minneapoli
Mat
Duluth
St Louis
Odana
Bay Kansas City
Detroit
Cookson
T&t
NY Canal
SNC
Horn Valsis
Hud & Man
Adaton Siren
Seah Air Lines
Indiana Steel
Seab Air
Spro&g Rv Am
Lee Thy
So Pacific
Amr & Col
Armour & Coreal
SO Pacific Ey
Estate
At& SF Galda
Kan City
Laclede Gastis
Ie We
Iy Louis
Loti Ai
Laclede
Baldwin &Oco
Texas Co
Liggett & M
Elec
Lento Co
Unite Pao
Beth Steel
Biba
Union Pac Hg
S&n
U & Realty & T
L & N-At Knoxy U
Cinceets
Wsid
Sg Cal Gas & Flee
Ie & T
di Ae Bane
Mk&t of
Texas
Mo Pace
Mo Pac
Nassau
Waltham
Ie National Tube
West Electric
Mil& St P
Mi & St P
NHS
Eastaes
Guise
West Shore
Whi & L
Wisconsin
Market Dullness Shifts as Big Streak Boosts Bear Market Talk
Stocks were broadly mixed with Amalgamated up slightly while Reading and Union Pacific closed lower. Analysts note seven advances in ten sessions and a 13 of 32 stock average gain since peace talks began, amid hopes of easy money and strong crop outlook but concerns over Missouri Pacific and other rails.
MENTIONED IN THIS ARTICLE
Union Pacific and Steel Common
Steel
Bears
Missouri Pacific
New Haven
Boston & Maine
Missouri Kansas & Texas
Rock Island
Bond Market Slips as Small Lot Sales Lead Decline
In New York on May 20 the bond market eased with were Maryland 4a and several convertible issues among the heaviest declines. Iron Mountain 5s fell 1 3 4 points from the prior sale while Rock Island collateral 4s held steady. total trading value ran 1 446 million, down from yesterday and last year. Market activity and specific issue moves dominated the session.
MENTIONED IN THIS ARTICLE
Massachusetts A
Maryland
Southern Pacific
Missouri Pacific
Iron Mountain
Rock Island
Municipal Bond Bidding Runs Across Several Cities
The notice lists bid deadlines for Bristol County Massachusetts temporary loans and bonds in Haverhill Holyoke Reading and Chicopee with varied amounts and maturities. Waterbury Connecticut invites bids for city hall school and water bonds and related issues due across 1924 to 1963 with several bidders named.
MENTIONED IN THIS ARTICLE
Chicopee
Mass
Estabrook & Co
Salomon Bros. & Sutzler
Blake Bros. & Co
Loring, Tolman & Tupper
First National Bank
Curtis & Sanger
Bond & Goodwin
Waterbury
Conn
Royal Gold Mines Company Forms to Exploit California Lode
Boston and California investors organize Royal Gold Mines to develop 108 acres in Milton and Hudson California on the mother lode. The plan includes a 120 stamp mill capacity 600 tons daily with full mining equipment. Capitalization 1.5 million dollars across 300 000 shares.
MENTIONED IN THIS ARTICLE
Royal Gold Mines Company
Boston
California
Milton
Hudson
Cal
Mother Lode
William A. Farish
New York City
J. H Finley
San
Edmond A. Fordyce & Co
Congress Street
New England
Vanitie Mast Stepped in Neponset for America's Cup Bid
The Vanitie, designed by William Gardner for Alexander S. Cochran of New York, had its steel mast stepped at Neponset. The mast and topmast were hoisted into place and rigging attached as crews work to ready the vessel for a tow to Long Island Sound by Sunday. Cochran, Gardner, and Hoyt witnessed the milestone.
MENTIONED IN THIS ARTICLE
William Gardner
Alexander S. Cochran
New York
Neponset
F. M. Hoyt
Marblehead to greet Defiance on arrival from Bath
The Defiance yacht, America's cup defence candidate built at Bath Maine, will arrive at Marblehead with the Eastern Yacht Club syndicate hosting an informal luncheon. Henry Taggard is expected to oversee ashore ceremonies as the crew joins the vessel.
MENTIONED IN THIS ARTICLE
Marblehead
Defiance
Bath
Eastern Yacht Club
Henry Taggard
Boston
Mercury
Wall
Howell
Greenport
Il.i
Long Island Sound
Fresh groundfish prices decline at the fish pier
Fresh groundfish prices fell yesterday at the fish pier as four schooners and a beam trawler docked. Dealers faced moderate fares and slackened demand after heavy Monday and Tuesday arrivals, with Waddock and several cod, pollock, hake, and cask grades listed at specific cents per pound. The vessels and their fares:
Bank Patra Trustees Plan New Branches in Boston
The Patra Trust Company wins approval to open four branches at Massachusetts and Huntington avenues. JH P Nutting joins Paine Webber & Co after leaving Hayden Stone & Co. Eliot National Bank stockholders receive a 16 percent dividend in liquidation. merger with National Shawmut Bank completed in October 1912. Americ Cities Company common stock moved from New York Stock Exchange. Hornblower Weeks releases their monthly Fundamental Conditions report.
MENTIONED IN THIS ARTICLE
Board of Bank Inecorporation
Patrasetts Trust Company
Massachusetts and
Huntington Avenues
Eliot National Bank
National Shawmut Bank
Cei
Americ Cities Company
New York
Harvard Freshmen Rout Exeter In Tennis Meet
In a Harvard Exeter match at Exeter New Hampshire on May 20 Harvard freshmen dominated winning both singles and doubles events. Singles results include Rand over Seeligson 7 5 1 0 and Morgan over Deboer 6 2 2 6 2 among others. Doubles saw Rand Brown beat Negley Seeligson 6 0 6 4 and Whitehouse Gale over Webber Hazzard 6 2 5 7.
MENTIONED IN THIS ARTICLE
Exeter
N. H
Harvard
Collegians
Rand
Seeligson
Grown
Negley
Gale
Morgan
Deboer
Crane
Sherwood
Whitehouse
Curtis
Rand and
Brown
Webber and Hazzard
Shipping Turbulence Affects Boston Exports and Coastwise Trade
The city sees continued unsettled shipping markets with a sluggish period likely into fall. Captain William Haskell of Dorchester lies seriously ill in Norfolk after an accident at sea aboard the Glenroy. The Yarmouth steamer Boston reports large mackerel schools off the northern province, while the Harmonides heads to River Plate ports with machinery and general cargo. Governor Walsh and officials visit the Massachusetts Nautical Schoolship Ranger ahead of its annual foreign cruise, and wireless updates place the Texas and Buffalo vessels on routes east of Boston lightship as immigration figures rise.
MENTIONED IN THIS ARTICLE
Boston
Transatlantic
Europe
William Haskell
Dorchester
Norfolk
Glenroy
Vineyard Sound
Yarmouth
Nova Scotia
Houston Line
New York
River Plate
South America
John F. Cusick
A. @. Lombards’ Sons
Ine
Harmonides
Walsh
Massachusetts Nautical
Ranger
Driscoll's Landing
Rowe's Wharf
Charles N. Atwater
Committee On Education
Hugh Bancroft
Port Directors
Maritime Affairs Committee
Chamber of Commerce
John F. Merry
Nautical School Commission
John Read
Cambridge
William E. McKay
William #. Dimick
John A. Manson
Boston Marine Society
Eugene O'Donnell
United States Steamboat Inspection Service
Charles H. Bradley
Farm & Trades School
Thompson's Island
William Anderson
United Fruit Company
Samuel Pray
New England
Hawaiian-American Steamship Company
Natural School Alumni Association
Texas
Sweden
Buffalo
Hull
Shipping News reports arrival of Winram and numerous towed barges
The United States revenue cutter Winram arrived from a cruise, with a long list of steamers, schooners, and tugboats including Danin Jorgensen Copenhagen Leith and many others. It details towing barges to multiple ports such as Baltimore Washington New York Philadelphia and Portsmouth along with several named vessels and destinations.
MENTIONED IN THIS ARTICLE
United States Revenue
Winram
Danin
Dan
Jorgensen
Copenhagen
Leith
New York
Boston
Br.i
Simms
Yarmouth
Howard, Chase
Baltimore
Newport News
Norfolk
Grecian
Page
Philadelphia
Melrose
Frostad
Charles F. Mayer
Machen
Portsmouth
Washington
H. IF
Dimock
Crowell
Camden
Sawyer
Bangor
City of Rockland
Hawthorne
Bath
Ransom BK
Fuller
Dennison
Portland
Cape Ann
Godfrey
Gloucester
Herbert
Rickes
Newburyport
Jonas H. French
Merriam
Nottingham
Quinn
E. L. Pilsbury
Swimm
Lynn
Rutherford
Germantown
Hammond
Easton Sr., Co
Braddock
South Amboy
Boxer
Daisy
Elk Iarden
Bevverly
Horace A. Allyn
Savage
Michalski
Pittee
Rockport
Annie
Reuben
Robbins
Stonington
James
Ella
Eliason
Blue Hill
Saratoga
Br. Pardy
Ingrahamsport
Edith M. Thompson
King
Westport
N. Gresham
Harmonides
Montevideo
Rosario
Dorchester
Bay State
Hampton Roads
M. F. Harper
Lambert's Point
H. M. Whitney
Ipswich
Leviathan
Lanesville
Jonas H. Wrench
Charles’ PF. Mayer
Monitor
Mercury
Defiance
Irolita
Marblehead
Orion
Shamokin
Swatara
Macungie
Tohickon
Charles P. Greenough
Irene
Calle
Plymouth
Edith
May
Karl
Carteret
Eliza Lavensaler
Thomaston
Minnie Slauson
St. John
N. B
James V. Foster, Jr
Province
Governor Powers
Porto Rico
Notable Motor World Figures and Industry Moves
Walter White of the White Company visited J S Hathaway in town and secured a box for international polo matches at Meadowbrook next month. George A Matthews, president of the Jackson Motor Car Company, died leaving his three sons to run the business. Ralph Ketchum resigned as Kissel Kar New England manager. George H Lawrence appointed to fill the post. Willard H Stevens hosted Reform Club at his Lake Boon camp. Studebaker engineers doubled the Studebaker Six test room capacity to seven motors with six hours per run.
MENTIONED IN THIS ARTICLE
New York
General Motors
Post
Walter White
White Company of
Cleveland
J. S. Hathaway
White
Meadowbrook
George A. Matthews
Jackson Motor Car Company
Jackson, Mich
Ralph Ketchum
Kissel-Kar
New England
George H. Lawrence
H. B. Pruden
Mr. Lawrence
Willard H. Stevens
Reform Club
Lake Boon
Studebaker
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Wall Street
Travellers International Cheques
Baring Brothers & Co., Ltd
London
New York Market
Brooks
Alaska Huth
At&sf
Baldwin Lee
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Goodrich
Nynh&h
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Enn
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Syke
Wal
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Franklin An
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Eng Tel
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Man Co
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Reece But Hole
Reece Fd
Nta Fe
Shattuck-Ariz
Swift & Co
Marack
Torrington Pf
Trinity
Utah Consola
Utah Cop Co
Ite
Victoria
Vt & Mass
West End
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Ely Consol
Greene Cananea
Yin
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Money Markets
Callack
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Corporation
Ear
Aes
Treasury
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Bang Away
Elec Co
Cocom
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Pow & Lt Co
Berland Cty
Pow & Lt
Wig Consumers Power Co
E St. L.& Suburban Co
East St
L & Suburban Co
Lew A’ & Watery
Port
Ikwy
Lt & Pow Co
Cap
St Jos Rwy
Ht & Pow Co
Tenn Rwy
den City
Metal Markets
State Street
Missouri River
Westinghouse Electric ¢ Manufacturing Company
Ashtabula
Tee Deseneen
Elgin & Chi RR
Wat
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Birm
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Westinghouse Annual Report
JH. P. Nutting
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Hornblower & Weeks
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ST. Lambert
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N. B. Stark & Co. Ankers
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Halsey & Co., Inc
Pension Fund Plan
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Beacon Street
Everett A. White
Shipping News