Wheeling & Lake Erie Offers Bond Exchange Plan
The Wheeling and Lake Erie Railroad Company proposes exchanging its First Consolidated Mortgage 4% Gold Bonds due September 1 1949 for Divisional Bonds of the Wheeling & Lake Erie Railway Company held with Mercantile Trust Company. Cleveland May 23 1900. Officials urge bondholders to exchange under terms stated.
MENTIONED IN THIS ARTICLE
Chas. J. Glidden
Erie Company
Cleveland Telephone Co
Northwestern Telephone Exchange Co
Southwestern Telegraph and Telephone Co
Michigan Telephone Co
Wisconsin Telephone Co
Bell
Bell Companies
Cuyahoga
Ohio
Cleveland
Minnesota
North Dakota
South Dakota
Black Hills
Texas
Arkansas
Duluth
Michigan
Wis
Lake Erie
Wheeling Division
Toledo Belt Railway. Co
Wheeling & Lake Erie Railroad Co
Wheeling & Lake Erie Railway Company
Mercantile Trust Co
Mercantile Trust Company
New York
Wheeling & Lake Erie Railroad Company
Toledo, St. Louis and Kansas City Railroad Company
Continental Trust Company
City of New York
Toledo
Broad Street
City of
N. Y
John C. Havemeyer
Herman O. Armour
Richard B. Hartshorne
Otto T. Bannard
Morton S. Paton
People’s Electric Light & Power Company
Atlantic Trust Company
William Street
Borough of Manhattan
John Alvin Young
Market Summary Of Bonds And Stocks This Year
The report lists bond transactions totals for the year at 1,000,000 and 264,451,560 compared with last year at 01,000,? and 503,086,170. It notes money rates for collateral loans at 1 percent on call, 2 percent at three months, and 3 percent at six months. Numerous industrial and utility stocks show varied percentages, with declines noted in several major names and a broad dispersal of percent figures across listed securities.
MENTIONED IN THIS ARTICLE
Erie Company
Market Conditions and Market Reactions to Pretoria News
Wall Street showed a weak overall market despite British Pretoria triumph and Atchison preferred moving to a 5 percent basis. Sugar Trust dividends were disputed with a price rise then drop as insiders manipulated pools in both stocks, while Sugar Trust kept business mystery and Pacific Mail issued a cautious bulletin. Carnegie Steel and Federal Steel policy hints stirred rival firms.
MENTIONED IN THIS ARTICLE
Pretoria
Atchison
Wall Street
London
England
Atchison Securities
Atchison Preferred
Sugar Trust
Pacific Mail Steamship Company
Atchison Declares 2 Percent Semiannual Preferred Dividend
The Atchison company directors confirm a 2 percent semiannual dividend on preferred stock for the year ending June 20, 1960, citing over nine million dollars in estimated earnings. The move spurred after-hours trading and a brief stock price rise driven by speculative activity.
MENTIONED IN THIS ARTICLE
Michigan
Wisconsin
Pacific Mail Finances reveal large steamship costs
The report shows Pacific Mail has paid about 41.3 million toward two new steamers costing 4 million each year to date. With 2.672 million remaining and May receipts at 224 thousand, forecasts suggest 1.55 million more needed by launch time, fueling speculation of a forthcoming bond issue to cover the balance.
MENTIONED IN THIS ARTICLE
Sanitary District OF
Chicago
Board of Trustees
Sanitary District
Illinois
Committee On Finance
Security Building
Z. R. Carter
William Boldenweck
Pacific Mail
Pacific Mail Steamship Company
Algoa
New Port
San Francisco
London
Sugar's Dividend Sparks Rally Then Drops After Meeting
Sugar Trust common stock bulls predicted over 1 percent but dividend was declared at 1.44 percent. The stock climbed to 118 1/2 before the directors' report confirmed 1.44 percent for common and 7 percent for preferred, sparking a price retreat to 115 and a net daily loss on 68 000 shares. Arbuckle Brothers hiked Ariosa coffee to 12 1/2 cents a pound.
MENTIONED IN THIS ARTICLE
Sugar Trust
Arbuckle Brothers
Street Railway Stocks Slide on Short-Seller Pressure
Street railway shares came under renewed pressure with sharp declines on light volume. No news sparked the weakness, though traders attributed the move to short selling, with insiders reportedly planning a quiet squeeze on shorts.
London’s Operations in Yesterday’s Market
London contributed little to the day’s market with under 15 000 shares traded, roughly split between buy and sell. Local operators expect improved London support today, hoping the British occupation of Pretoria will stimulate further speculation.
MENTIONED IN THIS ARTICLE
London
Pretoria
St. Paul Company Posts Strong May Earnings
The St. Paul firm reported earnings of 1 087 330 for the fourth week of May, well above the prior year by 86 500, with Chairman Roswell Miller optimistic on the railroad and crop outlook.
MENTIONED IN THIS ARTICLE
St. Paul
Contiglie
Roswell Miller
Treasury debt conversion proves highly subscribed in Spain
Madrid reports strong demand for the new 5 percent redeemable stock with Spain subscribing 4.355 billion pesetas and subscriptions totaling 180 million pesetas, covering the issue more than twenty four times aside from Bilbao where demand remains high.
MENTIONED IN THIS ARTICLE
Madrid
Spain
Bilbao
Northern Pacific stock gains on dividend hopes
There was strong demand for Northern Pacific common stock yesterday amid belief that at the forthcoming Directors meeting the long discussed 2 percent semi annual dividend will be declared, placing the stock on a 4 percent basis. Earnings and the road’s position are said to justify the increase.
MENTIONED IN THIS ARTICLE
American Steel and Wire Co
New Jersey
Broadway
New York
F. E. Patterson
Northern Pacific
Pig lead price cut by half cent a pound by ASRC
The American Smelting and Refining Company reduced pig lead by a further half cent per pound yesterday though demand remains limited. Company officials say the cut does not involve a loss to them.
MENTIONED IN THIS ARTICLE
American Smelting and Refining Company
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