Steel Dividends Under Scrutiny Amid Earnings Outlook
The Steel Dividend column analyzes United States Steel Corp earnings for the year so far and the likelihood of maintaining the 5 percent common stock dividend. It weighs whether earnings justify dividends, the impact of water in equity, tariff changes, and potential improvements in the approaching year.
Steel common stock dividend under scrutiny amid wartime gains
An analysis of Steel Corporation earnings from 1901 to 1918 shows improving tangible assets and reduced water in the common stock. With war boosting demand and foreign competition limited, the 5 percent dividend is debated as directors weigh a potential near term boom and market confidence.
Dividend Notices Houghton County Electric Light Co
Houghton Michigan declares semi annual dividends for 1914 with 6 percent on preferred and 5 percent on common stock. Dividends are 75 cents per preferred share and 62.5 cents per common share, payable November 2 to holders of record October 31. Stone Webster transfer agents.
MENTIONED IN THIS ARTICLE
Houghton County Electric Light Company
Stone & Webster
United Fruit Company Declares Dividend No. 61
The United Fruit Company announces a quarterly dividend of two percent on its capital stock. It will be paid October 15, 1914, at the treasurer's office in Boston to stockholders of record at the close of business September 26, 1914. Charles A. Bubbard, Treasurer.
MENTIONED IN THIS ARTICLE
Island Creek Coal Company
F. W. Batchelder
Apitel
State St
Boston
Mass
Charles A. Bubbard
American Telephone & Telegraph Go
Lemone
D. Milne
Dominion Steel and Canada Prefers Dividends Deferred
Financial notes indicate Dominion Steel Corporation will defer the preferred stock dividend due in October. The next quarterly dividend for Steel Company of Canada preferred is due November 1 and is also expected to be deferred. Treasury data show 1,167,000 bushels of grain cleared from Atlantic and Gulf ports for foreign ports, with 2,095,000 bushels received at ports on Monday as rail movement continues.
MENTIONED IN THIS ARTICLE
Dominion Steel Corporation
Steel Company of Canada
Treasury Department
Atlantic
Gulf
Financial indicators show mixed demand and shipping bottlenecks
Reports indicate 5,027,000 bushels held in terminals or on lines and 18,028,000 bushels stored in port elevators due to shipping constraints. September prospects for Steel Corporation hint at a reduced unfilled tonnage for the first time since May, with foreign orders cushioning independents. The New York note offering is popular, and Boston plans a $7,000,000 share of a $100,000,000 gold pool. Exchange rates firm, NYSE requests updated member lists by Sept 23, 1914, and several firms announce dividends and earnings, including Anaconda Copper cutting its dividend and Denver Gas & Electric showing year‑over‑year gains.
MENTIONED IN THIS ARTICLE
Steel Corporation
The
New York Stock Exchange
Committee of Clearing House of New York Stock Exchange
Committee of Five Recommends Broader Trading Rules
The Committee of Five, after meetings with the Boston Stock Exchange committee, said conditions have improved and advocate more business. Under chair J. Sherman Adams they propose that trades above July 30 closing prices may proceed without committee submission, while trades below require immediate committee action. Advertising should be approved first and price quotes not be included in circulars.
MENTIONED IN THIS ARTICLE
Committee of Five
Boston Stock Exchange Committee of Five
Stock Exchange
JL. Sherman Adams
Money Market Signals Improve in New York Lenders Easing Terms
Money markets show improving tendency with call loans renewals at 6 percent and time funds bidding 6 percent for New York borrowers while institutions seek 7 to 8 percent for various maturities. Outside commercial paper gains modest demand with 30 day issues at 7 percent. Banks report call money to brokers mostly steady or near flat.
MENTIONED IN THIS ARTICLE
New York
Seratgeign P
Boston
Treasury
Sub-Treasury
New York Banks
German steamer taken with 300 reservists aboard
London reports a German Woermann line steamer named Professor Woermann carrying about 300 reservists has been captured and brought into Sierra Leone on the West African coast. The information arrived in London and confirms the seizure by Allied forces.
MENTIONED IN THIS ARTICLE
London
Professor Woermann
Woermann
Sierra Leon
Africa
Informating
New York Financial Highlights On Sept 22
New York reports closing of the citys $100,000,000 loan with oversubscription and stronger foreign exchange. Money rates show a slight stiffening while Anaconda Copper Mining cuts its dividend. Domestic conditions improve as the gold pool is expected to ease the interest market.
MENTIONED IN THIS ARTICLE
New York
New York City
Anaconda Copper Mining
City loan subscriptions exceed offering amid altered money market
Total applications for the city loan largely surpassed the offered amount while London exchange rose on lighter grain bill offerings. Bankers note money withdrawals by interior and Canadian banks slighted at home use, three day call loans at 7 12 percent, and Anaconda Copper dividend cut spurring Amalgamated Copper speculation. Copper price drops to 12 cents per pound, lowest in years with Canadian wheat selling pressure and cotton shipments to Liverpool eyed. London trading brisk, some defaulters paid in full.
MENTIONED IN THIS ARTICLE
London
Paris
Berlin
Anaconda
Amalgamated Copper
Amalgamated
Liverpool
Rotary Golden Wheel attracts attention in San Francisco expo drive
California’s Rotary clubs unveil a $10,000 Rotary Golden Wheel in Boston as a invitation to international clubs to attend the Panama-Pacific Exposition in San Francisco in 1915. The wheel, symbol of the association, bears the motto California invites the world and was shown in Bigelow Kennard & Co window after arriving from Worcester.
MENTIONED IN THIS ARTICLE
California
Rotary Clubs of
International Association
San Francisco
Bigelow, Kennard & Co
Boston
Rotary
Association
Worcester
Washington and
West Streets
German Tank Steamer Washington to Join American Merchant Fleet
The German tank steamer Washington of the Riegermann line, tied up since the European war began, will be added to the American merchant marine within days. It has been bought by Standard Oil of New Jersey, with two sister ships also reported sold to the company.
MENTIONED IN THIS ARTICLE
New York
Washington
Riegermann Line
Hamburg
Standard Oil Company of
New Jersey
Riedermann Line
Standard Oil Company
Old Home Week of the Royal Family Fights On
A striking scene described as one of the most remarkable pictures will feature in the next Sunday Post. The text hints at a royal family in conflict and promises a handsomely reproduced image for readers.
MENTIONED IN THIS ARTICLE
Daily Post
Post
Greuze Painting Links Moriarty to Birlstone Case
Holmes explains to Inspector MacDonald that a Greuze painting in Professor Moriarty's room hints at wealth and illegitimate income. The painting, its price, and Moriarty's seven hundred pound salary suggest a hidden fortune. Holmes traces Moriarty's life, connections, and access to papers to uncover a dangerous center of crime.
MENTIONED IN THIS ARTICLE
Inspector MacDonald
Holmes
MacDonald
Mr. Holmes
Jean Batiste Greuze
Birlstone
Greuze
l’Agneau
Portalis
Victoria
Professor Moriarty
England
Jonathan Wild
Aguely
Protective committee formed for Birmingham railroad bondholders
On Sept. 1 1914 the Birmingham Ensley and Bessemer Railroad defaulted on interest due bonds. Stone Webster to investigate finances while a bondholders committee arranges protection and deposits bonds with American Trust Company Boston for certificates of deposit.
MENTIONED IN THIS ARTICLE
Birmingham, Ensley and Bessemer Railroad Company
Railroa
Messrs
Stone & Webster
American Trust Company
Boston
Moriarty exposed as mastermind behind London's crime network
The discussion reveals Moriarty as a vast criminal organization head, with Moran as chief of staff earning six thousand a year. The speaker notes Moriarty’s hidden wealth, multiple bank accounts, and global reach, urging study of his methods before the next instalment appears in the Daily Post.
MENTIONED IN THIS ARTICLE
Jonathan Wild
Mr. Mac
Annals of Crime
Professor Moriarty
London
Moriarty
Sebastian Moran
Deutsche Bank
Credit Lyonnais
King Alfred kills Deceitful Chauffeur
Special Cable reports the King of the Belgians shooting his chauffeur who tried to steer him into German lines south of Antwerp. The king warned him. when ignored, he fired, then returned to Belgian lines. The chauffeur carried papers showing a German $250,000 offer for capture.
MENTIONED IN THIS ARTICLE
Paris
Progres du Nord
Antwerp
Gurkhas From India Heroic Veterans in Many Battles
Gurkhas from Nepal have long served the British, famed for endurance and courage. About 20,000 men form 10 regiments under royal and noble chiefs, noted for bayonet prowess and kukri fighting style. They have guarded empire interests through mutiny and numerous campaigns with outstanding loyalty and valor.
MENTIONED IN THIS ARTICLE
France
Nepal
India
England
Lord Roberts
Lord Kitchener
General Neil Findlay Killed Leading Royal Artillery
London dispatch reports General Neil Douglas Findlay of the Royal Artillery died in France while urging his gunners into action during a rear guard battle near Prise. He entrusted personal belongings to a chaplain before the fatal shell struck as his horse was hit.
MENTIONED IN THIS ARTICLE
London
Daily Mail
France
Neil Douglas Findlay
Royal Artillery
Soissons
Findlay
Prise
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