Accrued preferred dividends in leading consolidations
An editorial analysis examines major consolidation cases and how preferred dividends fared. It highlights Allis Chalmers failures, American Can improvements, American Malt gains, and other firms facing back dividends, reorganizations, and capital restructurings to align with earnings.
MENTIONED IN THIS ARTICLE
Allis-Chalmers Company
Mpany
Nore
Allis-Chalmers
American Can Company
American Can Common
American Can
New England
Money markets show firmer rates amid light demand
Call funds in New York hovered around 5 percent while time funds ranged from 6 1 2 to 6 3 4 percent for 60 to 90 days and four to five months. Six month funds were quoted at 5 1 4 to 5 1 2 percent with local money and foreign exchange quotations listed.
MENTIONED IN THIS ARTICLE
New York
Boston
Bankers’ Sterling
Eeeree
Iss
Efeeeee
France
Bond Market Notes for Augusta and Quincy
Augusta awards 33 000 4 per cent school building bonds to Kennebec Savings Bank with bids from Adams & Co Edmunds Brothers W Brooks Co Fidelity Trust Co Perry Coffin Burr and Charles H Gilman. Edison Electric stockholders authorize notes secured by mortgage up to 1 000 000. Quincy invites bids by noon Oct 10 for 150 000 4 per cent bonds dated Sept 3 1918 maturing 16 000 annually 1913-22.
MENTIONED IN THIS ARTICLE
Augusta
Kennebec Savings Bank
Adams & Co
Edmunds Brothers
2. W. Brooks & Co
Fidelity Trust Company
Perry, Coffin & Burr
Charles H. Gilman & Co
Edison Electric
Quincy
Mass
Bond market figures and stock trades in New York
The New York bond market report shows United States Government bonds, railroad and industrial issues with varied coupons and maturities quoted. A stock exchange bond transactions table lists numerous issuers and prices in thousands of dollars, followed by a total daily sales figure of 2,314,000 and year over year and YTD comparisons.
Stock Exchange Firms Form Dow Committee
Boston Stock Exchange members named a committee to review Franklin Mining Company and Indiana Mining Company affairs and to consult with Franklin President R. M. Edwards. An association of stockholders seeks to remove Stephen R. Dow & Co. from Dow control and pursue involuntary bankruptcy against Dow and linked leaders.
MENTIONED IN THIS ARTICLE
Herbert M. Leland
A. 8. Leland & Co
Irving J. Sturgis
Gay & Clurgis
Harry ,M. Stonemers
J. W. Bowen & Co
Herbert I. Foster
Paine, Webber & Co
Joseph B. Crocker
Edgerly & Crocker
Boston Stock Exchange
Franklin Mining Company
Stock Exchange
Dow
F. H. Williams
Mr. Dow
Dow Companies
Hank the Hermit Exhibits Statuary in Comic Section
The upcoming Post will feature Hank the Hermit displaying his statuary collection in the comic section next Sunday.
MENTIONED IN THIS ARTICLE
Hank the Hermit
Next Sunday
Post
State Street Topics on copper surplus and bank merger rumors
The article notes a 16,000,000 pound copper surplus with October figures helped by strikes at Bingham and Ely. It reports a surprising merger hint between Merchants' National and State National Banks, plus Edison and Massachusetts Gas Company results. It also covers Adirondack Electric Power stock rise due to improved service and notes California Petroleum Corp as owner of major oil assets with large land holdings and high output forecasts.
MENTIONED IN THIS ARTICLE
Bingham
Ely
Merchants’ National and
State Nationa Banks
Merchants’ Bank
Adirondack Electric Power Company
New York State Commission
Irregular Points in Markets Reported by City
Daily market figures show total sales in New York 389700 shares and Boston 41094 shares with Read ing leading in New York 65300 and North Butte Mining topping Boston with 12216. The Jan 1 to date totals reach 100727500 (NY) and 9243388 (Boston) shares. Growth and loss led by Nash Chat St L in New York and American Express in decline. Mergenthaler Linotype rose in Boston while Calumet & Hecla fell. Call money ranged 4% to 5% in NY and 5.44% to 6% in Boston with time money at 5% to 5.12% in NY and 5.34% to 6% in Boston.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
North Butte Mining
Nash, Chat. & St. L
American Express
Mergenthaler Linotype
Calumet & Hecla
Call Money
Stock Market Mixed as Baseball Amid Trading Quiet
The New York market opened lower with light trade and little change by close. Reading, U. S. Steel led partial gains alongside Wheeling & Lake Erie and California Petroleum while specialties weakened. Bond activity was dull with total par value at $2,315,000 and U S28 down 1/8 on call.
MENTIONED IN THIS ARTICLE
New York
London
Reading
U. S. Steel
Wheeling & Lake Erie
People’s Gas
California Petroleum
National Lead
American
American Sugar
Woolworth
Pittsburgh
U. S28
Local Market Mixed as Copper Stocks Edge Higher
Boston traders show selective gains with North Butte Granby and East Butte rising while overall tone remains irregular. Copper Producers’ September surplus climbs and the October American surplus nears 63 million pounds, signaling a cautious but potential market upturn.
MENTIONED IN THIS ARTICLE
Boston
New York
North Butte
Granby
East Butte
September mining results and corporate updates
Preliminary September earnings at Goldfield Consolidated show a net of 200000 on gross 390000. Intercontinental Rubber ends year to July 31 with gross 1190095 and net 1108859 equal to 3.62 percent on common after 7 percent for preferred. Greene-Cananea produced 3500000 pounds copper in September versus 3910000 in 1911 and 4044000 in August. Calumet & Hecla reports September copper content 10327071 pounds, down from August 10780004 and September 10596233 in 1911. James L. Richards elected Massachusetts Gas Company trustee for two years. New York stockholder note from secretary Harrington details lean 1600 to 1800 level, sinking from 1800 to 2400 feet with aim to reach richer ledge near 2000 feet.
MENTIONED IN THIS ARTICLE
Intercontinental Rubber
Harrington
The
Tuolumne
Metal market report shows mixed copper and steady metals
Copper on the New York Exchange was dull with bids around 17.25 for spot and near 17.62 to 17.87 for electrolytic contracts. Tin weak at 49.50 to 50.00 for spot and October, lead steady at 5.10, spelter quiet 7.60 to 7.70, antimony steady at 10.12, iron firm and unchanged.
MENTIONED IN THIS ARTICLE
New York Metal Exchange
Ateady
Cookson
Calendar for Today Meetings and Railroads
Calendar notes meetings for Boston and Maine Pacific Coast Company Western Union Telegraph Erie R R for meeting Southern Ry for meeting Union Pacific R R com and pfd Wabash R R for meeting Wisconsin Central for meeting.
MENTIONED IN THIS ARTICLE
Boston &Maine
Pacific Coast Company
Western, Union Telegraph
Erie R. R
Southern Ry
Union Pacific R. R
Wabash R. R
Wisconsin Central
Local curb market little changed aside from Laramie dip
Boston curb market saw minimal action as stocks drew little attention. Laramie slid from 11 to 9 cents and later recovered, the lone notable movement. Butte & London and Smoky Development had fair activity amid varied fluctuations.
MENTIONED IN THIS ARTICLE
Laramie
Butte & London
Merchants and State Banks Plan Boston Merger
Stockholders receive notice of a merger between Merchants National Bank and State National Bank of Boston. The consolidation would affect about 25 million in deposits and make the new Merchants National Bank the citys fourth largest. State National stockholders may exchange four State shares for one Merchants share at 300 dollars each, with no new Merchants stock issued.
MENTIONED IN THIS ARTICLE
State National Bank
Merchants National Bank
Boston
Merchants Bank
Merchants
Dividends Declared by Multiple Corporations
A notice lists dividends declared by United States Realty & Improvement Co Kerr Lake Mining Co United Electric Securities Co Missouri Kansas & Texas R R Co Crown Reserve Mines Boston Arena Co and Miami with payment dates and stock records. Dividends include 4.25 percent etc and various regular quarterly and semi annual payments with respective record dates and payment dates.
MENTIONED IN THIS ARTICLE
United States Realty & Improvement Co
Kerr Lake Mining Company
United Electric Securities Company
Missouri, Kansas & Texas R. R. Co
Crown Reserve Mines
Boston Arena Company
Miami
Wheat gains and firm corn close in grain market report
Grain markets show a bullish tone with strong spring wheat and steady corn. December and May futures rose, July delayed percentages noted, oats remained firm with trading activity and gains in December and distant futures.
MENTIONED IN THIS ARTICLE
Northwest
Cotton Markets Open Higher Then Fall On Liverpool Cables
Cotton prices opened about 6 to 6 higher on firm Liverpool cables, then declined to the low point of yesterday. Trade buying and short covering at the lower level sparked a rally as quotations moved.
MENTIONED IN THIS ARTICLE
Liverpool Cables
Right to keep wages in stocking affirmed by judge
In Hammond Indiana on October 8 Judge Barnett ruled a wife may keep her husband’s wages in her stocking and the husband has no right to touch the stocking. Jacob Werciek, after giving his wages to his wife for safekeeping, asked for a nickel to buy beer and was jailed for assault when refused.
MENTIONED IN THIS ARTICLE
Hammond
Ind
Barnett
Jacob Werciek
Wercick
Woman waited two years for a kiss in Kansas City court
In Kansas City on October 8, Nellie D. Ambrose now Nellie Wallace testified in circuit court that after four years of marriage she had not been kissed since the first two years. Her former husband Vance H. Ambrose was mentioned as the case unfolded, while noting their differing tastes in music from the turkey trot to hymns from the church organ.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
Nellie D. Ambrose
Nellie Wallace
Vance H. Ambrose
Ambrose
Missing Conversation Prize Draw Returns Next Sunday
The Sunday Post announces another $100 in prizes for the Missing Conversation contest to be distributed next Sunday. Readers are invited to submit entries and compete for the prize money in the ongoing feature.
MENTIONED IN THIS ARTICLE
The
Sunday Post
Also Mentioned on This Page
Kidder, Peabody & CO
Wall Street
Devonshire Street
Albany
Worcester
Providence
Springfield
Hartford
Colorado Fuel &Iron Company
International Mercantile Marine
American Hide & Leather
International Paper
Republic Iron & Steel Company
Gulf,Florida & Alabama
the Securities Corporation
Sears Building
Bosto
Megargel & CO
American Telephone & Telegraph Co
William R. Driver
Tressurer
Sal
Money Markets
United States
Tee Eee
Pena
Erie
Nycanal
Gia
J Peis
Phil Balt & W
JC És Am
LIM Ig
Das
T & F Ovete Kchs&m4s
Cena Ee
Wentreee
SF Nl
Pawar
Armour & Coreal
Carmel
Ati Orag
Bell T&t
LB & W
Car & Gs
Southern
Balt&o
L & N Gold
Bethleb Steel Se Bie Ce
NeAt
Knox Bea
Ogitcterr
Bkiyn
Texas Coot
Buffalo Gas
Hind’ ‘Ag
Eae
Vannes Mod Trust Co
Ctfs
Bush Terminal
Ches&o
Tate
CB & Oden Ts
Sapling
Union Pas Ev
Wes
Rys
of & F
U S
Mil & St P
U S Steel
Aa Robe Bois Cs
Col
Duluth
West & B
West H
Norf
West Shore
Lwn'y
É& P
DOW Committee
Franklin
State Street
Edison
Massachusetts Gas Companies
Gas Company
California Petroleum Corporation
New York Stock Exchange
Doheny-Canfield California Oil Companies
American Oil Fields Company
American Petroleum Company
California
George F. Ruez
Southwestern
Ishpeming, Mich
Ruez
Southwastern
Like Oak
H. L. Phillips
West
Mr. Phillips
Bingham Camp
Nevada Consolidated
Giroux
Portland Railway Light & Power Co
Portland, Oregon
LEE, Higginson & CO
Chicago
Goldfield Consolidated
James L. Richards
Albert Strauss
Mover Winsor
C. Minot Weld
Charles A. Stone
Frederick E. Snow
Greene-Cananea
Metal Markets
Tel & Cable
Mt &T
AT & SF
Atl
Beth Steel
Ches Ohio
Cms
Ed M&s
Lackawan Steel
Wiles Co
Wiles
Lorillard Co Il
Lorillard C
Seth
Nor & West
Ohio T&l
Pitts Coal
Rock Island
South Pacific
Studebaker
Uscip&f
Westinghouse
Wabash Pf
W & LE of
Whee
Wis Central
Woolworth Co
Boston Stocks
Ag Ch Bs
Ag Chem
Ag C Pf
Am Woolen
Geo Ry & Pf
Granby Reene Can
Fetter
Hedley Gold
Turner, Tucker & CO
Milk Street
Broadway
Texas
St Mary's
Eeerene
Shannon
Superior
Swift & Co
Torrington
Ead Eeb Es
Ibs
Union Pacific
United Fruit
United Shoe Ee
Wolverine Ee Ee Ene
Alaska
Majestie Kin
Massoletti
Nev. Douglas
Domere
Oi BO Ea Textile
Eeeseee
Santa, Yandel Es
Sm Dev.s.ees
So Lake
Marconi
el Paso
Ely Consolidated
Penne
Florence G’ Sree
Jason Valley
Ohio
Jan Eeeseeeces
Eepee City Seveseesene
Liverpool
Collyune
Seer Reer
Hunt, Ellis & Co
Jankers & Rokers
Mbers Consolidated. Stock Exchange of
N. Y
Broad Street
Anaconda Copper Colorado Fuel and Iron and
Atchison