General Electric Bonds Offered
J P Morgan Co of New York and Lee Higginson Co of Boston with Morgan Grenfell Co of London offer 10 million dollars of 5 percent General Electric gold debenture bonds. Dated Sept 2 they run 40 years with interest March and Sept in New York Boston or London. Call option at 167 1 2 on six days notice. Coffin says no mortgage debt beyond secured debentures. Total funded debt becomes 12 462 500 with net quick assets over liabilities 57 179 760. Interest charges total 591 920 a year and net income last year over 20 times that. Applications open Oct 2 close Oct 3 by 8 p m.
MENTIONED IN THIS ARTICLE
J. P. Morgan & Co
New York
Lee Higginson & Co
Boston
Morgan, Grenfell& Co
London
General Electric Company
C. A.coffin
Boston Bonds Sold At Premium In Tax Exempt Issue
Friday’s sale of 4 039 000 in Boston 4 per cent bonds drew strong bidding from the city and a banking syndicate. The premium achieved pleased the city and offered yields from 3.80 to 3.85 per cent. The issue compares favorably with rail stocks and reflects a favorable market for tax exempt municipals. The underwriting syndicate includes Adams & Co, Blake Bros Co, Perry Coffin Burr, and William A Read Co.
MENTIONED IN THIS ARTICLE
City of
Boston
Baeks
Boston & Providence
Boston & Lowell
Old Colony
Fitchburg
Boston & Albany
City of Boston
Adams & Co
Blake Bros. & Co
Perry, Coffin & Burr
William A. Read & Co
Market Review and Outlook Signals Bullish Run Gains
The market advanced to new yearly highs with both railroad and industrial indices showing strong gains and limited recent reactions. Copper prices rose to 18 cents, Anaconda and Amalgamated boosted dividends, porphyry copper firms attracted funds, and railroads faced car shortages as August data indicate a sustained uptrend in industry and trade.
MENTIONED IN THIS ARTICLE
Anaconda
Amalgamated
Porphyry Copper
Lake Superior
Porphyries
Lake
Butte
Boston
Missouri Pacific Management
Northern Pacific stock shows volatile ride since 1896
A chart of Northern Pacific price movements traces wild fluctuations from $10 in 1896 to $1000 in 1901 during the Hill Harriman struggle, with peaks near $233 in 1906 and lows around $100 in 1907 and $110 in 1911, noting dividend shifts and Hill's influence fading after his retirement.
MENTIONED IN THIS ARTICLE
Northern Pacific
Hill-Harriman
Northern Securities
Great Northern
Illinois Central
St. Paul
Northwestern
Hill
Treasury
Philadelphia Company Bonds Offer at 71-3 Yielding 5.30
Hayden, Stone & Co. offer the unsold portion of 10,006,000 dollars of Philadelphia Company 5 percent convertible debentures at 71-3 with over 5.30 percent yield. The financing funds company expansion and plant purchases, with plans to list on the New York and London exchanges. London reports show Cape & Co. noted strong curb trading at a premium on similar bonds.
MENTIONED IN THIS ARTICLE
Philadelphia CO
Hayden, Stone & Co
Philadelphia Company
New York
London
Philadelphia
James Cape & Co
Debentures of 1912 Financing Spotlight
The 1912 debentures totaled 4,415,621 dollars, nearly nine times the 500,000 dollars required. Of the remaining balance for interest, 917,639 dollars was set aside for developments and improvements before dividends on capital stock.
Bond offering of Pacific Gas & Electric
N. W. Harris & Co of Boston with N. W. Halsey & Co of New York offer Pacific Gas & Electric five per cent gold bonds at 9 1/2, netting over 6 1/2 interest. Bonds dated December 1 1911, due January 1 1944. Callable in blocks of 500000 or more for sinking fund, at 10% and accrued interest until 1937 then at par. Interest dates January 1 and July 1.
MENTIONED IN THIS ARTICLE
New York
San Francisco
California
Bankers’ Trust Co
Frank B. Anderson
N. W. Harris & Co
Boston
N. W Halsey & Co
New York City
Pacific Gas & Electric Company
Sinkinng
Jist
Pacific Gas and Electric Company Earnings And Reach
The Pacific Gas and Electric Company owns extensive gas and electric properties and serves about a large portion of California's population including major cities. For the year ending 1911 gross earnings reached $14,604,609 and net earnings $6,390,587, with eight months in 1912 showing $9,694,41 in gross and $4,230,086 in net. Over the past five years gross earnings rose steadily from 1907 to 1911.
MENTIONED IN THIS ARTICLE
Pacific Gas and Electric Company
State
California
San Francisco
Oakland
Berkeley
Alameda
Sacramento
Stockton
San Jose
Fresno
New York Stock Exchange
Pacific Gas & Electric Company
Sanae
Also Mentioned on This Page
State St
Brown, Shipley &Co
West End
Pall Mall, SW
General Electric
Pacific Gas & Electric Co
A. F. Hockenbeamer, Esq
N. W. Halsey & Co
Wall Street
The
New York Trust Company
Pennsylvania
J. H. Reed
United States
Pittsburg
Europe
Messrs
Blair & Co
Ledenburg, Thalmann & Co
Messrs. James Capel & Co
Hayden, Stone & CO. Bankers
James J. Hill
Jolint
Chicago, Burlington & Quincy
Burlington
Apt
Fie
Jay
Pacific Gas & Electric
State OF
Messrs. Morgan, Grenfell & Co
Messrs. Higginson & Co
C. A. Coffin
Lee, Higginson & Co
Adams & Company
Congress Street
State Street
Blake Brothers & CO
American “Brake Shoe & Foundry
American Pneumatic Service
American’ Radiator
Rostén & Albany R. R
Chesapeake & Ohio
Chicago City
Chicago
Rock Island & Pacific
Chicago Telephone
Hedley Gold Mining
Hocking Valley
Intercontinental Rubber
Mergenthaler Linotype
National Enameling & Stamping
National Lead
Negade
New Wint
New Haven
American Telephone & Telegraph
American Zinc
Central Coal & Coke
Central & Co
Amer
Teleg
Crown
Detroit Edison
Dominion Textile
Goldfield
Kansas City Southern
LeRose
Mexican Telegraph
Nipissig Mines
Otis Elevator
Com
Pacific Telephone &Telegraph
Union Bag & Paper
Phila
Trenton R. R. United Gas Improvement Co
U. S
Westinghouse Elec. & Manufacturing
American Smelters Securities
Chicago, Milwaukee & St. Paul
Pfd
Guanajuato Reduction
Guanajuato Div. Ptd
Bonva Pinguico Mines Co. Ptd
C. W. Gilmor Investment Securities
Broad St
United States Smelting, Refining & Mining Co
United States Smelting, Refining & Mining Company
F. W. Hatchelder
International Button Hole Sewing Machine
Reese Sutton Hole Machine Company
Francis A. Shea
Reece Folding Machine Company
F Francis A, Shea
Westinghouse , Electric & Manufacturing Company
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