Westinghouse Converts Sinking Fund Bonds Under 1915 Plan
Westinghouse offers stockholders new Convertible Bonds. unsubscribed amount of 457,000 to be distributed pro rata to depositing bondholders with cash at 105 and accrued interest. Depositors surrender certificates by September 10 1915 to receive 967.32 cash per bond, 32.68 for fractional certificates. fractions exchangeable for new bonds or 1000 receipts. An alternative cash option at 112 percent plus interest for small fractions is offered, tenderable by October 10 1915 at the company treasurer in New York City.
MENTIONED IN THIS ARTICLE
Broadway
New York City
Westinghouse Electric & Manufacturing Company
R. Guy Ef, Tripp
Virginia-Carolina Chemical Company
Morgan
Market Unaffected by Exchange Situation
The English pound fell to $4.50 with a 7 cent discount, yet stock markets rallied as war stocks led gains. A banker notes bankers may sell sterling short, expecting a loan to restore the rate. The American Hide & Leather Co reports 1915 net earnings of 1,695,826 and growing gross business, with reduced debt and increased cash. Pennsylvania and New York Central railroads post July gains in gross and net earnings.
MENTIONED IN THIS ARTICLE
United States
England
London
American Hide & Leather Company
Sharp rally in last hour reports strong market gains
Settlement of difficulty with Germany aids mood while General Motors rises 21 1 4 to 240 1 2. Steel leads New York with 130 900 traded and Am Zinc tops Boston with 4040. Boston shows Mass Electric pref up to 39 1 4 while Atchison pref falls to 98 3 8. Total shares traded: New York 661000, Boston 22669.
MENTIONED IN THIS ARTICLE
Germany
General Motors
Boston
New York
Steel
Liggett & Myers
Mass
Elec
Atchison Pref
Utah Metals
Nevada
Douglas
Fortuna and
Zinc
Fortuna
Boston & Ont
Davis-Daly
Eagle & B Bell Id
FE Caledonia
First National
Fuller
Goldfield
Nat Zinc
Nevada-Doug
New Cornelia
New River
Onondama
Stewart
Ene Aeee Ae
Triangle
New York Market Mixed as Germany Signals Detente
Trading opened unsettled amid divergent conditions and record foreign exchange quotes. News of Germany's shift away from marine warfare spurred a late price rebound as bankers noted renewed international credit demoralization and a surge in foreign account stock and bond sales.
MENTIONED IN THIS ARTICLE
New York
Germany
London
Paris
General Motors
Willys-Overland
Crucible Steel
Studebaker
United States Steel
United States
Bond Market Snapshot Shows Mixed U S Notes and Municipals
The report lists varied bond issues including West Electric 4s, New York City and St. Louis issues, and North Pacific 4s with prices around 16 to 19. It notes total sales of 3.848 million dollars and a day’s trading volume of 3.659 million, with year-ago figures cited and exchange operations described as closed.
MENTIONED IN THIS ARTICLE
Nort &W
North Pacific
Limia Eves Areca
Boston Market Mixed as Metals Weak Copper Cools
Boston market reports mixed activity with metal issues weaker while miscellaneous shares gain. Massachusetts Electric preferred rises four points on limited volume amid expected rate increases. copper concerns cite surplus, Apex ore body extension adds reserve life. Naumkeag Steam Cotton to issue 7600 new shares at par to fund modern fireproof plant rebuilds.
MENTIONED IN THIS ARTICLE
Boston
Massachusetts Electric Preferred
Utah-Apex
Naumkeag Steam Cotton Company
Boston Stocks High Low and Last Prices on Exchange
Boston stocks report shows high low and last prices on the Boston Stock Exchange with comparisons to the previous close. Bonds are listed among the securities with their respective quotes.
MENTIONED IN THIS ARTICLE
Boston
Boston Stock Exchange
Cotton markets Albany sells bonds to bank at par
Albany county New York has sold bonds valued at 350000 dollars at par to the New York State National Bank of Albany. The note carries a 4 percent rate and matures in 28 years. The sale was completed through the county courthouse bond issue process.
MENTIONED IN THIS ARTICLE
Albany County
New York
New York State National Bank of
Albany
Exchange rates fast and loose in New York market
Foreign exchange markets swung wildly led by the British pound as it slid from 4.50 to 4.55 1 2 before ending at 4.54. Francs fell to 6.09 after a drop from 6.03, while lives hovered around 26 below their normal value and Reichs marks zigzagged between 803 8 and 805 8 amid convulsions throughout the day.
MENTIONED IN THIS ARTICLE
New York
Bankers See Mixed Sterling Activity Amid Optimism
New York traders watched a volatile sterling market with mixed signals as the pound hovered around 4.52 while a relief bid circulated. A British delegation rumored to be nearing land in New York sparked talk of financial aid, though censorship blocked overseas news and delayed quotes.
MENTIONED IN THIS ARTICLE
New York
Treasury
England
Jersey City sells school bonds to Remick Hodges at 100.84
Jersey City New Jersey sold 3 672 000 4 12 percent school bonds to Remick Hodges and Co at 100 84. The sale details show the firm purchasing the issue at a premium with a stated yield or price level. The transaction reflects local financing activity for the school system.
MENTIONED IN THIS ARTICLE
Jersey City
N. J
Remick, Hodges & Co
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