ATCHISON REORGANIZATION ANALYSIS STIRS BOND BOARD
A letter to the editor discusses the Atchison Topeka and Santa Fe railroad plan for reorganization. It weighs bond versus stock interests, potential bankruptcy, and the impact on first mortgage bonds, land grants, and income bonds. The piece notes market reactions, pricing of bonds, and the strategy’s aim to secure cash while preserving central lines and future growth.
MENTIONED IN THIS ARTICLE
Atchison, Topeka & Santa Fe
Atchison Company
Messrs. Kidder, Peabody & Co
Messrs. Baring Bros
Baring Bros
Southern
Kansas
Chicago
Santa Fe
California
Chicago, Kansas & Western
House of Barings
Kansas & Western
Atlantic & Pacific
Atchison
Central Lines
Kansas Road
Gulf
Mexico
Guaymas
San Francisco
Atchison Road
Chicago, Burlington & Quincy
New York West Shore
United States
New England
Equity Court
Yau
Money Market and Stock Movements in Boston and New York
Boston money market remains easy with call loans 3% to 5% and time loans 4% to 6%. New York funds at 8 to 10 cents discount. cotton draft receipts rise. Foreign exchange weaker for sterling and commercial bills. U S Treasury balance shown. exchanges in Boston and New York rise vs last year. Stocks move on money easing with several rail and utility issues advancing or dipping. Atchison and Wisconsin Central notable shifts. Market mood turns bullish amid easing money, but no sustained uptrend yet.
New York Financial Market Summary October Activity Steady
Money on call remained tight with last loan at 6 percent and demand at 6. Sterling exchange stayed quiet and weak with bills around 4.81 to 4.86. Stocks showed moderate activity after 2:15 with readings supported by gains in Reading Northern Pacific preferred St Paul Union Pacific and Trusts while Sugar and Jersey Central lagged. Close firm near best prices as late gains and minor realizations shaped the session. Railroad bonds were active with West Shore and Kansas & Texas issues leading the movers.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Reading
Northern Pacific
St. Paul
Union Pacific
Trusts
Sugar
Jersey Central
Bulness
Strenth
West Shore
Kansas & Texas
Ansas & Texas
Fort Wayne
Big Four
Iowa Central
Foreign Financial Northern Market Quotes and Rates
London financial bulletin lists Atlantic & Great Western items at 34 percent for firsts and 5 1 4 percent for seconds, with Canadian Pacific at 70 and Erie at 29 1 4 percent. Mexican ordinary 47 1 4, St Paul common 70, New York Central 109 1 4, Reading 22, Illinois Central 119 4. Open market discount on short bills is 3 percent, three months bills 3 1 4 percent. Paris rente at 87 francs 45 centimes for the account.
MENTIONED IN THIS ARTICLE
London
Great Western
Canadian Pacific
Erie
St. Paul
New York Central
Reading
Illinois Central
Paris
Sunday Railroad Trains Split By Sunday Service Petition
Railroad commissioners heard petitions from Old Colony and towns including Dedham Hyde Park Jamaica Plain West Roxbury and Readville to continue Sunday timetables on the Providence division with counter petitions from Botsford opposing Sunday trains as disruption to church services. The board reserved judgment noting mixed moral concerns and patron pressure.
MENTIONED IN THIS ARTICLE
Old Colony
Providence
Dedham
Hyde Park
Jamaica Plain
West Roxbury
Readville
C. B. Botsford
Choate
J. E. Brown
Highland Club
J.R. Manley
Botsford
E. ¢. Bullard
J. B. Seabury
New York Central Railroad
Boston
J. P. Higgins
L. L. Lewis
Henry F. Shaw
North End
South Cove
Mr. Botsford
Harry W. French
Fire bugs in Danbury burn builder's house
Danbury Connecticut October 22 fire bugs again operate. They burned the nearly completed residence of David Warren. Since the fire Warren has not been seen or heard from, friends believe he was cremated in the building.
MENTIONED IN THIS ARTICLE
Danbury
Conn
David Warren
Change Wrought By a Friend’s Cure for Female Ailments
A woman, once pallid and ailing, gains vigor after using Dr. Pierce's Favorite Prescription. A friend with female troubles credits the remedy for relief and reports Dr. Pierce deserves gratitude. The text promises satisfaction with a money back guarantee and notes Dr. Pierce's Pellets as a dose for headaches, constipation, and indigestion.
MENTIONED IN THIS ARTICLE
Dr. Pierce
Terrible Floods in Japan Cause Heavy Losses
Aboard the Belgic at Yokohama reports from Japanese papers that in Aichi Prefecture 683 people drowned and 121 injured in the September floods. Over a thousand houses swept away and thousands acres of crops destroyed. The Japan Mail notes twelve prefectures devastated in 1889 with 2419 killed and 150,000 acres of crops destroyed.
MENTIONED IN THIS ARTICLE
Japan
San Francisco
Cal
Belgic
Hong Kong
Yokohama
Aichi
Japan Mail
Johnstown Flood Victims Reburied in Mass Action
Sixteen flood victims were exhumed and reburied in Johnstown Pennsylvania today. Every coffin was opened and remains carefully examined as a large crowd of mourners watched. only Philip Constable of Johnstown was identified among the reburied bodies.
MENTIONED IN THIS ARTICLE
Johnstown
Penn
Philip Constable
Wheat and corn markets ease in London and Liverpool
In London and Liverpool reports show wheat quiet or easing, corn steady with fair inquiry, and futures mixed. Prices across ports include October to February bids, with Paris and Mark Lane noting quiet wheat and firm corn demand amid heavy Liverpool cargo activity and standard breadstuffs pricing.
MENTIONED IN THIS ARTICLE
London
Mark Lane
Paris
Liverpool
Great Britain
California
Also Mentioned on This Page
Blake Bros. & CO
State St
Nassau St
Lewis Hayden
Bain Street
Milford
Mass
Boston Stock Exchange
BROK
Rs’ Board
Miscellaneous Stock Exchange
Ee Iene
Connecticut Valley RR
Atch
Top, & Santa Fe RR
Tremont & Suffolk Mills
Boston & Maine Ri
Old Colony RR
Chicago, Kuri, & Quincy Con, Mort
City of Cambridge
M. L
Nevassa Phosphate Co
Nat
Hide & Leather Bank
Shoe & Leather Nat. Bank
Jarvis Conklin Mortgage Trust Co
Bank of Boston
Nat. Exchange Bank
Nat. Bank
Nashua Lock
North Woburn Street
Lawrence Gas Light Co
Busell Trimmer Co
Boston Epectric Light Co
Reece Button Hole Mach. Co
Eastern Electric Cable Co
Vref
Boylston Insurance Co
Dennison Land & Investment Co
Boston Wharf Co
Traders
Boston & Maine RK
Worcester
Nashua & Roch
Reece Sutton Hole Mach. Co
Ft. Payne Coal & Iron Co
Trustees
Chi
W. Mich
Rutland RR
Boston United Gas
Boston Athletic Club
Saginaw & Western RR
Anthony Loan & Trust Co
Anthony, Kan
Wisconsin den. Co
Chicopee Mfg. Co
American Screw Co
Northern RR
N. H
Naumkeag Steam Cotton Co
Pueblo Smelting & Refining Co
Globe Nat. Bank
Kint Mills
Fall River
Arnold Mining Co
Merchants
Leominster Nat. Bank
Leominster
Nat. Market Bank of Brighton
Quincey RR. Bridge Co
Saginaw
Ohie of
Ont
Trans
Oregon
Lsts
G. W
Te. R. Oy
Eeee Erie
Kan. P
Syed
T. G
Union
N.d. C.int
N.P
N. W
N.W
O. Nav
St. G
Weise
St. P
St. BU. & FP Pt
L. Cham. Con
Sonora
South, Kan. Inc
Bell
Lameon
Boston Land
San Diego
Bost, Pont
Tamarack
Boston & Lowe Eewes
His. Ener
Fitchburg
K. C
Pieso South, Kansas Inc
Sissee
Bell Teleneeree
Venus & Mont
Keearesarge
Ceeuseeseere
Santa FO
Ay Te &S. Feeee
Boston & Maine
Envere
Fitchbur
Flint & the
Fort Wayne Elec. Co
National Wead
Hous
Elec
Allouez
Arnold
Atlantic
Bonanza Devel't
Mont
Butte
Catalpa
Crescent
Il Central
Franklin
Trenton
Kearsarge
Osceola
Ises Sésa
Pgstonn
Eaeete Gy
Seeree
Boylston Street
Prookline
Ween
Campobello
Sree
French Bay
Ld Maverick
Newport
Boc Lamoing
Payson
Penobscot
Eevee
Seeeee
Sullivan
Topeka
Art. & Pac
L. G
Do Inc
Kan
K .C
K.C
L.R& Kt
Pee Eee Us L
N.Y
P. D'O
Oregon S. L
L. C. Con
Ewer
LOS de Pueb, & A. V
Rutland
Lyor
Aeas Southern Kan
Ae So Do Inc
Seewee
St. Jo & G
Top
Boston & Albany
Boston & Lowell
Boston & Prov
Central of
Cleve
Canton
Spe
Flint & P.M. Com
Esac Ress
Do Pas & Gulf
Cl. Wevreee
Penn Oon
L.R
Ft. S
L. E
St. Vene
Maine Central
Summit
West End
Wisconsin Central
Eastman Car Heater
Lamson Store Ser. Co
Pullman Palace Car Co
Cotton Oil Trust
Pneumatic Tool Co
Bay State Gas
Burton Stock Car
Ove Chi
Boston & Liverpool Co
Elding
Illinois Steel Co
Mt. Desert & East Sh
Malden Electric Co
Sewre Ee
Thomson Lec. Welk Freeee
Westinghouse Elec
Winnisimmet Co
Cele ‘Nee
Lie
Wilson W. Ray & Co
Penobscot Bay Land
Pneum
Ape
Thomson ‘European Welding
Lam
LANG
McKay & Thompson
McKay Heeling
Wane Ving
Louis
Bea
Eler Mich
Minn
St. Pref
Pacifi M
Chic M
Lase
N.Y. Nash
Ane N
Wed Nor
Paci Pref., Li Northwest Ref
Hore
Misa
Alt
AL Pacific
Ee Ibe
Sal
Pacife
Ches
Ohio
Bour
Pittsburg
Rock Island
Ois
Su P
M. Eslees
Texas Pacific
O. C
Utica & P. K
St. L
Pullman
W. W. Union
Liss Ameren
Sugar Trust
Tenn. C
Brunswick
Clonng
N. Belle Isle
Col. Coal
O &Va
Ontario
el Cristowee
Union Con
Gub-Treasury
St. Louis
Telegraph
New Orleans
Charleston
Savannah
Uying
Reichsmarks
National Bank
California Southern
Mexican Central
Calumet & Heela
Boston & Montana
Clos
Thomson-Houston
Bell Telephone
York & New England
Emson European
England
Eastern Railroad
Northern
Lowell
Eastern Common
Firemen’s Insurance Company
Fitchburg Railroad
Phillips
Calumet & Hecla
the Herald
Oregon Improvement Company
West
Legit Investments
New England Savings & Then Andy
Hayes & Sons
Bankers
Superior Street
State Street
Cleveland
Atchison, Topeka
Atchison, Topeka & Santa FE Railroad Company
Ikron Trust Company
Rector Street
Broadway
Kidder, Peabody & Co
Nassau Street
Devonshire Street
Baring Brothers & Company
Faropagate- Wishin
F. R. RB. Co
Milk Street
THE
Cleveland City Cable Railway CO
First Mortgage
Central Trust Company OF New York
Brest
City of
Minneapolis
Due
NEW York Financial
Foreign Financial
Boston Investment CO
George Leonard
Advertiser
Washington St
Inves BI
Boston Safe Deposit and Trust Co
Capita
H. E. Balt
L and Guaranty
Mehire Lt
Cor. Water
Geo. C. Morrixl
Osage Carbon Company
Charles
Tuckerman
Milk St
American Investment
Online Union
William Montgomery
Eastern
Massachusetts
Eastern Banking CO
Francis A. Osborn
T. Mearshew
J.C. Davis & CO
School Street
John
Jeffries & Sons
Connecticut
Gettysburg
Garryspurn
Seventeenth Connecticut Regiment
Cemetery Hill
Beverly E. Warner
Bridgeport
New York City
J. M. Krauth
Memorial Association
Connecticut Volunteers
Wheat Field
B. E. Warner
Frank D. Steat
New Haven