Mackay Companies Stock Hits New High as Dividend Bets Grow
The Mackay Companies common stock rose to a new high of 98 amid uplift in prices, with a 5 percent dividend for 1910 and 4 percent on the preferred. The holding company, formed in 1905, controls the Commercial Cable and Postal Telegraph systems and expanded through new undertakings including an expected Newfoundland to England cable. Despite limited disclosed earnings data, the firm reports increasing dividends and strong asset growth, with rumors of broader consolidation and rate competition among telegraph and telephone entities.
MENTIONED IN THIS ARTICLE
Mackay Companies
Iight
Mackay
The
Commercial
Postal Telegraph
New York
Chicago
Havana
Cuba
England
Newfoundland
Nual
American Telephone
American Telephone Company
Western Union
Kansas City Terminal Bond Offering Seeks International Subscriptions
The Kansas City Terminal Railway issues 7.5 million dollars of first mortgage 4 per cent bonds due 1960, guaranteed by twelve railroads with combined surplus over charges. Banks Lee Higginson J P Morgan Illinois Trust manage. Subscriptions open Friday Nov 18 with London offering by Higginson Morgan Grenfell. Existing 12.5 million bonds outstanding remain a strong English investment.
MENTIONED IN THIS ARTICLE
Kansas City Terminal Railway Company
Lee, Higginson & Co
J. P. Morgan & Co
Illinois Trust & Savings Bank
Kansas City
Atchison
Burlington
St. Paul
Rock Island
Chicago & Alton
Chicago & Great Western
Kansas City Southern
Missouri
Kansas & Texas
Missouri Pacific
St. Louis
San Francisco
Union Pacific
Wabash
London
Higginson & Co
Morgan, Grenfell & Co
England
Markets Display Strong Undertone Amid Mixed Figures
Market activity shows dull strength with New York and Boston totals, notable gains for Reading and Calumet & Hecla, losses in Wells Fargo Ex and Georgia Trecs. Bond sales and Paris liquidity influence persist. Union Pacific tops gains, while overall averages linger below prior highs.
Boston Market Highlights Copper Issues and Industrial Stocks
The Local Market notes a busy Boston trading day with 82,093 shares moved. East Butte led with 5542 shares trading between 15 3-4 and 12 1-2, closing at 12 5-8, while La Salle rose 8 1-8 to 8 There is renewed interest in Tecumseh and Caldwell from sponsor support. Amalgamated steadied around 70 as American Zinc advanced, Solson Electric hit a new high at 290 and Steel common held around 79 3-4, with an overall steady close.
MENTIONED IN THIS ARTICLE
Boston
East Butte
la Salle
Tecumseh
Caldwell
Calumet & Hecla
Amalgamated
American Zinc
Soison Electric
L & Wo
T &S
TSI
Atlalt
Hutihy
Mita Tae
Scot Lily
Pont Y
Ss&m
Tod
West
Richison
Boston & Albany
Heston & Maine
Arizona
Cal & Heela
aUry
Copper Range
Rein
Lan Daly West
Ranklin
Ian Crranby
Eee Ly
Keene Cananea
Mexico
Michigan
Nevada
Nipissing
North Butte
Old Dominion
Osceola
Quincy
Superior
Trinity
Utah Cop Co
Georgia
Pullman Co
Torrington
United Fruit
United Shoe
Nlisved Securities
Algomah Wees
Am Ag Cuem
Gulf Ae
Boston Corbin
Butte Ballak
Buy
Mast Butte
Giroux
Hancock Sees
Helvetia
Indiana
Island Creek
Isle Royale
Kerr Lake
Keweenaw
Lake Copper
Miami
New Arcadian
the North Lake
Ojibway
Ray Consol
Sup & Bos
Super & Pitts
Swift & Co
U_ S
Utah
Market Barometer Signals Merger Talks and Stock Moves
Directors of the Calumet & Arizona and Superior & Pittsburg meet on Nov 23 to consider a merger plan. A local house says valuable subscription rights will be given stockholders accepting terms. Rumors on a Ray Central and Arizona Hercules merger push Ray Central shares to about 2 1 4. Detailed bids, drilling contracts, and dividends also appear, with activity across Live Oak, Boston Miami, North Butte, and Cumberland Ely Copper holdings.
MENTIONED IN THIS ARTICLE
Calumet & Arizona
Superior & Pittsburg
Ray Central
Arizona Hercules
Peels
Nevada Consolidated
Cumberland Ely Copper Company
Boston Curb Market Shifts Lights Up Curbs Trading
Corbin Cactus and Bay State Gas led yesterday’s curb market activity. Cactus fell from 84 cents to 27 cents amid rumors of a negative engineer report, then recovered to 31 cents. Bay State Gas remained firm around 36 1/8 to 38 3/4 cents. Other notable issues included Raven Rhode Island Coal Chino First National Tuolumne Bay Central Arizona Mines and Inspiration with overall fluctuating prices detailed in the list.
MENTIONED IN THIS ARTICLE
Corbin, Cactus
Bay State Gas
Cactus
Raven
Rhode Island Coal
Chino
First National
Tuolumne
Bay Central
Arizona
Bond awards set for Seattle park and city hall bonds
Hayden, Stone and Bolger win the $825,000 Seattle 20 year bonds at 102.8 including $500,000 general park bonds and $325,000 city hall site bonds. Spencer Trask buys $500,000 Clyde S Terminals Co first mortgage 5 percent guaranteed gold bonds of Jacksonville Florida.
MENTIONED IN THIS ARTICLE
Hayden, Stone & Co
Thomas J. Bolger & Co
Seattle, Wash
General Park
City Hall
Spencer Trask & Co
Clyde S. S. Terminal Co
Jacksonville
Fla
Also Mentioned on This Page
Individuals
Kidder, Peabody & CO
Devonshire Street
Wall Stree
Foreign Exchange
Letters OF Credit
Baring Brothers & Co., Ltd
Ghandler Bros
Bankers
Milk St
Telephones
Maineae
New York Stock Exchange
Philadelphia Stock Exchange
Chicago Stock Exchange
New York Cotton Exchange
Chicago Board of Trade
Steel Common
Fast Butte
Rock Island Pfd
Wells
William E. Soule
Chesapeake & Ohio
Reading
Standard Oil
Paris
British Columbia
Mother Lode
Live Oak
Pennsylvania
J. A. Percival
Butte Ballaklava
Walter #. Weed
Butte
Mr. Weed
Anaconda
H. F. Fay
Boston Miami
Arizona Cananea
Montezuma Group
Hovey, Kenny & Co
China
Salt Lake City
Polo
Elvis
Imio
South Ayteres
el Rayo
Nat'l
DOM i Goldfield Consol
Rly
Texas Pacific
Humboldt
Texas Co
Wsesee
Kruger
Ti SL & W. Vay
It Inn
Live Oak Store
v/a
Mackinaw
Ane Gao Majestic Pteer
Mason Valley
Mazatan
U S Steel
Sibson
Utah Copper i
Nat'l Explor
Douglas Oy
Wells Fargo
West Marylan
West Nion
South Lake Sly St
United Verde
Yukenee
Amer Tobacco
Lee Butte
Inspiration
McKinley Car
Nipissing Mines
Ted Copper
Tnion Mines
Ap&s I
C Lane
Bali
Ohio
Beth Steel
Myahi
Brooklyn
Brunswick
Cau Pacific
Come&s P
Erie
Inter Met Ly
Town Central
Nash
Mer Marine
Nor & West Tae
Nor Am
Nor Pac
Phila C
FL. Milliken & CO
State St
Ariz Cananes
Ariz Miner
Bluebell
Bohemia
Cal
Sina
Davis Daly
Domin Syndicate
Adventure Am
Car & Foundry
R. G. Latham
Broadway
N. Y
Consolidated Stock Exchange of
John Burnham
Pena
Hig & Lehig
U.S
Commonwealth Power
United Bank Note
Warren Gzowski & CO
Toronto Stock Exchange
Broad Street
Amalgamated Nevada
Hall
Brookline
San Pedro
J. A
D. A. Haley
State Street Room
Mass
A. H. MacKenzie & CO
James Shay & Co
Vir
Car. Chem. Com
Consolidated Gas
National Biscuit Pfd
Sherbrooke
Railway & Power
Canadas
Ist
McCuaig Bros. & Co
St. James St
Montreal
Ock Exchange
Metcalfe St
Ottawa, Ont
State Street
Erie American Beet Sugar
Clark B. Dunton
Patterson
Boylston St
Boston Opera Co
Behnke
State St. Tontan
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