Is Steel Worth Par
This note argues whether United States Steel common stock at $100 per share is justified by its earnings and assets. It reviews Steel’s 1901 formation by J. P. Morgan Sr and the growth of assets, the “water” value of stock, and projected earnings for the next five years, suggesting a long term average return and dividend strategy for common stockholders.
MENTIONED IN THIS ARTICLE
Uhited States Steel Corporation
Financial World
New York Stock Exchange
Steel Post
Wall Street
J. P. Morgan, Jr
Morgan
House of Morgan
Yemen
J. D. Rockefeller, Jr
Missouri Pacific
Mr. Morgan
Steel Corporation
J. P. Morgan, Sr
England
Germany
United States
The
Great Britain
Frank Lister
Canada
France
Italy
Belgium
Treasury
William H. McMasters
Treas
Wide Fluctuations In Prices Of Stocks
The report shows total sales in New York of 835 300 shares and Boston 47 715 shares. It lists the most active issues, greatest gains and losses in both cities, and current call and time money rates. Wells Fargo Express rose 25 to 475 in New York, while Osceola Consolidated fell to 156 in Boston.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel Common
Amalgamated Copper
Wells Fargo Express
St. P
Calumet & Arizona
Calumet & Hecla
Edison Electrical
Osceola Consolidated
Amalgamated
Butte Coalition
Superior
North Butte
American Zinc
Greene Cananea
Steel
Boston News Bureau
New England Cotton Yarn Company
Union Mills
Knitting Mills
Royal Gem Mills
Hudson
Mechanicsville
Herkimer
St. Johnsville
Cotton Yarn Common
Sutte Coalition
American Zine
Boston Market Stock and Bond Market Prices Report
The Boston Market reports the day's stock and bond market prices and total sales in a concise table. It records price movements and overall turnover with emphasis on notable shifts across key securities and bonds.
MENTIONED IN THIS ARTICLE
Boston
Wall Street stocks slide as Steel leads decline
Record shows a cautious session with bearish push on Steel common and allied issues after rumors of Bank of England rate moves. Express stocks surge on merger chatter while railway and traction shares rise on reorganization hopes, closing near day’s lows with wide swings in Amalgamated and Reading.
MENTIONED IN THIS ARTICLE
State Street
Bank of England
Express Company
Wells Fargo
United States Express
American Express
Northern Pacific
New York Central
Interboro
Reading
Union Pacific
Katy
Stanley
Chicago & Alton
Alton
Gulf
Lake Michigan
St. Louis
Toledo, St. Louis & Western
Amalgamated
Chesapeake & Ohio
Missouri, Kansas & Texas Common
Steel
Southern Pacifle
Interborg
Arena project aims to build front page skating rink venue
Capitalization of 2000 shares halves common and preferred with par 100, proposing a St Botolph Massachusetts arena on 61000 square feet to serve as a winter skating rink and summer venue for horse-shows and circuses. Construction underway with completion eyed for Christmas. John D Rockefeller Jr elected director at Colorado Fuel and Tron Company, giving Rockefeller Interests five seats after the late E H Harriman.
MENTIONED IN THIS ARTICLE
St. Botolph Street
Massachusetts Avenue
John D. Rockefeller, Jr
Colorado Fuel & Tron Company
Rockefeller Interests
FE. H. Harriman
Boston curb market stocks and ore shipments detailed
The Boston curb market saw Ely stock rise to 2 15 16 and close at 25 8 with other Ely lines and Majestic Mining among leaders. Last week Cobalt camp shipments totaled 478 tons with La Rose contributing 190 tons, including 66 tons of high grade sent to Copper Cliff. Erie Railroad directors were reelected. no replacement for the late E H Warriman. The Boston Arena Company was organized under Massachusetts law.
MENTIONED IN THIS ARTICLE
Poston & Albany
Boston
Fitchburg
Ne & BM
Union Pacific Eee
West End
Owe Ees
Wollaston A
Tel & Tel
Nevada
Nipissing
North Butte
Dominion
Quincy
Shannon
St Mary’s
Trinity
Wolverine
Edison
Nor
Texas
Seattle
Pullman
United Fruit
Jome United Shoe
St Pere Do Rights
Steet
Am Agri Che
Hed Hinncock
Isle Royale
Kerr Lake
Keweenaw
Su Lake
Abe
Utah Apex
Ely
Boston Ely
Consolidated
Ely Central
Ely Witch
Majestic Mining
la Rose
Bay State Gas
Union Copper
Yuma Copper
Davis Daly
Crown Reserve
McKinley Darragh
Trethewey
O’brien
Silver Cliff
Cobalt Central
Copper Cliff
Denver
Carnegie
Erie Railroad Company
E. H. Warriman
Acme Consol
Amal Nevada
Ste Eens
Arizona
Corbinenee
Lily
Ely Consol
Gila
Indiana
Laramie
Majestic
Mason Valley
Douglas
Utah
Ohio
San Antonio
New York
Boston Clearings
Sereses
Vobacco
L & T Pfd
Chicago Subway
Girenx Mining
Greene - Cananea
Kerr Lake We Rig S
FK OT
Carisa
Manhattan Transit
Miami
Mines Co of Am
M & S1 11-16 1 11-16 19-16 15 1,650 Nipissing Mines Co
V- AG
Rawhide Coalition
United Copper
Yukon Gold Mines Bi
Willet
Bond Market Notes North Attleboro Seeks 4 Per Cent Bonds
North Attleboro awards 122000 at 4 percent sewer bonds to N W Harris Co at 102201. Parkinson Burr invites bids by Oct 22 for remaining 8500000 first mortgage 5 percent sinking fund bonds of International Steam Pump Co dated Sept 1 1909. Bonds offered at 12 and accrued interest on delivery, secured by properties and owned stock of Worthington Co plus subsidiaries. Upon retirement of 3560000 6 percent debentures Oct 28 these bonds become sole funded debt of International Steam Pump Co.
MENTIONED IN THIS ARTICLE
Boston
North Attleboro
N. W. Harris & Co
Parkinson & Burr
International Steam Pump Company
International Company
Henry R. Worthington Company
New York Bonds Continue on Page Fifteen
Financial page note indicates continuation of New York bond market coverage on page fifteen first column, outlining key yields and market movements. The brief item directs readers to follow the ongoing report for detailed bond activity and related financial developments.
Also Mentioned on This Page
Lee, Higginson
Chicago
California
PowerCo
H. P
Chandler Brothers & Co. Bankers & Brokers
Milk Street
Philadelphia Stock Exchange
Chicago Stock Exchange
William Street
New York City
Brentano's
Providence Coal Mining
A. W. Whittier
Iremont Bldg
Cumberland Ely
Ely Consolidated
J. Thomas Rheinhardt
Devonshire St
Cale
Fitted Wireless
Collins Wireless
Chicago-N
Aip Line
Burlingame
James Suay & CO
GO State St
Kidder, Peabody & CO
Devonshire Street
Foreign Exchange
Letters OF Credit
Barinc Brothers & Co., Ltd
London
Kilby St
Boston, Mass
Atlantic Gulf
Central Vermont
Cc B&q Jt
Three Junction
Illinois Steel
United
Allis Chalmers
Am Car & Foundry
HBL
Smelt & Refining
GG Pee Saiss
Lilly Am St
Atlantic Coast Line
Baltimore & 3
Bethlehem Steel
Brooklyn Rapid Transit
Canadian Pacific
Chicago Great West
Chicago & Northwest
Mi & St Pauls
St Louis
Colorado Fuel & Iron
Consolidated Gas
Delaware’ & Twudson
Denver & Rio Grande
Awe
Soo
Erie
Ubtg
Great Northern
Illinois Central
Interborough Met
Inter
Marine
International Eoin
Iowa Central
BOL
Bow
Kansas City
St M
Kan & Prom
Ont & Western
Norfolk & Western
Pennsylvania
People’s Gas We Soo
Republic Steel
Tock Tsland
Ares
St Fi
San Fran
St Louis Southwest
Sloss
Sheffield
Southern Pacific
Southern Railway
Tennessee Conner
Texas & Pacific
St Louis & W
Toledo
Union Pacific Wees AG
United States Realty
United States Rubber
United States Steel
West
Western Union
Wisconsin Central
U .S Express
William E. Soule
Money On Call
Boston Arena Company
Massachusetts
New York Central Realty Company
New York Central Realty Co
Congress St
Yukon
FL. Milliken & Co
Bankers
State St
Mass. Gas Cos
Missouri, Kansas
Leavitt & Grant
Broadway
N. Y
Consolidated Stock Exchange of New York
Compressed Air Power Company
Journal Biolog
Tuolumne
Thomas H. Whitney
Kilby Street
James Shay & Co
NEW York Bonds
Handler Bros. «&C
Milk St
Hide & L
Tobacco
Arbor
Rop & S
I's &Y
Brooklyn
Brooklyn Union
Elec Oh
Buffalo & Sus
GS Ches & Ohio Fund
S & St
den & RG
Distillers Securities Ss
Briegen
Green Bay
Hous & Tex
Iowa
Long Island Unif
Louis & Nash Unif
Manhattan
Mo Kan & Tex Sf
Padgey
Mob & Ohio
PO Rags
Seeree
Nor & West
Pat
Oregon
China Bay Consolidated
Charles A. Stoneham & Co
Broad ST
Providence
Board OF ‘Trade
Silver Rock Mines
Monks
Leach & CO
New Engl
Manchester
X. Jr
Silver Rock
Leach & C2
New England
N. H
Rhode Island Coal Securities
American Securities & Transfer
Kilby &J
Providence Coal
Manchester, N. LL
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