Improvement in the Steel Trade Marks Best in a Year
The Iron Age notes a steady gain in steel trade with no single spur but widespread orders. United States Steel Corporation expands ingot capacity to over 68 percent this week, up from 66 percent last week and 58 percent at the same time last month. Chicago activity rises as Illinois Steel adds two blast furnaces to meet pig iron demand. Bookings for structural shapes and plates hit their strongest in over a year. Carnegie Steel forward orders exceed 40,000 tons versus May. Pig iron markets improve in orders and inquiries, while buyer sentiment grows. Iron Trade Review reports larger tonnage and gradually rising mill activity, though pig iron prices remain unsettled.
MENTIONED IN THIS ARTICLE
United States Steel Corporation
Chicago
Illinois Steel Company
Carnegie Steel Company
The
Iron Trade Review
Wabash Debentures Cut to One Percent
Directors of the Wabash vote to reduce the semiannual payment on debenture B bonds from 2 percent to 1 percent while maintaining 3 percent on series A. The plan refunds all A series into treasury and retires most B bonds, leaving $1,277,000 outstanding B. The change costs holders who refused exchange. Wabash expects about $504,460 annual income impact. Interest remains payable if earned.
MENTIONED IN THIS ARTICLE
The
Wabash
Wabash Company
Classification Committee Addresses Docket Changes This Week
The Classification Committee of the Trunki ee Association meets this week with shipper representatives to discuss proposed changes in the classification docket. James Speyer sails yesterday on the White Star Liner Olympic for a three month Europe trip likely combining business with pleasure. James M. Rhett leaves R L Day & Co to join Federal Utilities Incorporated at 60 Broadway. West Virginia Central and Pittsburg Railway first mortgage bonds of 3,250,000 mature July 1 and will be paid at Blair & Co. The road is under Western Maryland control. S H P Pell & Co investment unit takes over Charles H Carruthers & Co bank and trust business. Carruthers joins Pell after July 1 to run that division.
MENTIONED IN THIS ARTICLE
Gan
Trunkiee Association
James Speyer
Olympic
Europe
Speyer
London
James M. Rhett
R. L. Day & Co
Federal Utiliies, Incorporated
Broadway
West Virginia Central and
Pittsburg Railway
Blair & Co
Western Maryland
H. P. Pell & Co
Bank and Trust Company
Charles H. Carruthers & Co
Carruthers
New Haven Finances and Wall Street Activity Report
New Haven will announce new financing with a combined 50 million short term notes and bonds due in 1912 from the New Haven and Boston and Maine. The article notes July 1910 disbursements rising, stock exchange admissions adding six listings, and a mining issue delay. Sub treasury bonds payments totaling 2.346 million yesterday and 900 thousand Tuesday advance fundings.
Erie Plans $6 Million Equipment Trust Issue
Erie aims to sell $6,000,000 of equipment trust certificates with $750,000 cash from Erie and $200,000 from its subsidiary New York Susquehanna and Western. Proceeds fund 60 locomotives 3,000 freight cars and passenger cars. Of $6,950,000 total, Erie will use $5,750,000 and Susquehanna $1,200,000. Order for rolling stock not yet placed. Erie has sufficient current equipment but expects higher tonnage with fall season.
MENTIONED IN THIS ARTICLE
The
Erie
New York, Susquehanna & Western
Susquehanna
Republic Railway and Light Company Incorporation
The Republic Railway and Light Company with 17.5 million capital was incorporated in Trenton New Jersey by M Gregg Latimer William Henry Hoyt and John B March. It will run electric gas heat light and power services and absorb the Mahoning and Shenango Railway and Light Company of Pennsylvania with 10 million capital.
MENTIONED IN THIS ARTICLE
New York Times
Trenton
N. J
Republic Railway and Light Company
Secretary of State
M. Gregg Latimer
William Henry Hoyt
Brooklyn
John B. March
New York
General Electric and Gas
Mahoning & Shehengo
Pennsylvania
Detroit River Tunnel Co Guar by Mich Cent R R ist Mtg 4s May 1961
Investment brief lists secured mortgage issues and guarantees from multiple rail and utility firms with expected yields ranging from about 4.15 to 5.30 percent. Notable names include Detroit River Tunnel Co, Oregon Washington R R & Nav Co, New Orleans Terminal Co, Great Northern Ry Co, Seattle Electric Co, Long Island R R Co, and Madison River Power Co with dates spanning 1929 to 1961.
MENTIONED IN THIS ARTICLE
Detroit River Tunnel Co
Mich. Cent. R. R
Oregon-Washington
Union Pac
R. R. Ist
New Orleans
So. Ry
St. L
San Fran
R.R
Great Northern Ry. Co
Long Island
R. R. Co
Penn. R. R
Bonds for Investment Offer Conservative Yields
A brokerage lists bonds for investment including West Shore First Mortgage 4s and several railroad and utility issues. Highlights include tax exempt and tax free mortgages, 4s to 5s, with yields shown around 4.05 to 4.95 percent. The firm invites correspondence for detailed information on these and over a hundred other bond issues.
Holders of Metropolitan Trust Co Certificates Get $46.24 Per Bond
The Metropolitan Trust Company announces that holders of certain certificates of deposit under the Protective Agreement dated September 17, 1908 for First Preference Income Bonds of the Central of Georgia Railway Company may collect $46.24 per $1,000 bond from the Trust office after June 2, 1911. The committee notes this payment is without prejudice to collecting the remaining interest for fiscal years ended June 10, 1909 and June 30, 1910, and will pursue recovery. Certificates will be stamped for payment. Savannah Trust Company acts as agent. Dated New York June 26, 1911. R. Walter Levy, Chairman.
MENTIONED IN THIS ARTICLE
Metropolitan Trust Company
Central of Georgia Railway Company
No. Wall Street
New York City
Savannah Trust Company
Savannah
Georgia
New York
R. Walter Levy
West Virginia Central and Pittsburg Bonds Maturing July 1 1911
The principal and interest on the First Mortgage Bonds of West Virginia Central and Pittsburg Railway Company maturing July 1 1911 will be paid at maturity upon surrender at Blair and Co financial agents No 24 Broad Street New York City. The Western Maryland Railway Company signs this notice by L F Timmerman Secretary dated June 28 1911 New York. A number of select boarding houses are advertised in the Boarders Wanted column today next to the last page.
MENTIONED IN THIS ARTICLE
West Virginia
Central and Pittsburg Railway Company
West Virginia Central and Pittsburg Railway Company
Blair & Co
Broad Street
New York City
Western Maryland Railway Company
L. F. Timmerman
New York
Henry Hasler
Henry Sayler
Mil A. Huber
Seamen’s Bank For Savings
Des Moines Falls and Northern Redeems Bonds at 105 Percent
Des Moines Falls and Northern Railway Company and successor announce redemption of its First Mortgage Five Per Cent Gold Bonds at 105 percent plus accrued interest, to be paid on July 1, 1911 at The Trust Company of America New York. Interest ceases after redemption date.
MENTIONED IN THIS ARTICLE
Des Moines, Iowa Falls and Northern RailWay Company
Iowa_ corporation
St. Paul
Des Moines
Iowa
Northern Railway Company
Colonial Trust Company
Railway Company
Railroad Company
W. A. Bradford
Paul
DES Moines Railroad Company
H. A. Mudgee
East River Savings Institution
Broadway
New York
D. S. Ramsay
Pres
C. A. Whitney
Seo
Conrad Land and Water Company Bond Reorganization Notice
A committee announces a plan for the Reorganization of the Conrad Land and Water Company. Deposits of First Mortgage Six Percent Gold Bonds may be made with Guaranty Trust Company of New York at 28 Nassau Street until July 20, 1911.
MENTIONED IN THIS ARTICLE
Conrad Land & Water Company
Guaranty Trust Company of New York
Trust Company of New York
Nassau Street
New York City
Alexander J. Hemphill
Frank R. Ford
Oscar I
Gubeiman
J. Horace Harding
Austin McLanahan
Davies, Auerbach
Cornell & Barry
Gardner
van Amringe & Kohler
Robert W. Speir
William St
Notice of Redemption for Black Creek Coal Bonds
Notice to holders of Black Creek Coal Company 5 percent first mortgage sinking fund bonds. The issuer will redeem all outstanding bonds Nos 21 to 175 at 102.44 percent of par plus accrued interest on July 1, 1911 at Commercial Trust Company Philadelphia trustee. Interest ceases after that date. W A Obdyke treasurer Philadelphia May 31 1911.
MENTIONED IN THIS ARTICLE
Black Creek Coal
Black Creek Coal Company
Commercial Trust Company
Philadelphia
Penn
Truster
W. A. Obdyke
Also Mentioned on This Page
Iron and Steel Notes
Metal Market Reports
Ink
Btandara Copper Ieee
Eleanor
London Metal Exchange
Cleveland
Financial Notes
Boston
Toronto
Exec
Gested
J. Thomas Regherdt
Broad St
King St. W
Devonshire St
J. F. Pierson
Dr. & CO
N. Y. Stock Exchange
Columbus Ave
East
Bonds and
J.K. Rice, Jr.& Co
Hanover
Wall St
Colo
Yale Mar
Funding Co. of America
Hampton’s Magazine
Molyneaux
Harvey A. Willis & Co
N. Y
Broad
H. MM. Bulleessy & Co
South LA Salle Street
Ortland
Ore
Oklahoma City
Okla
Guaranty Trust Co
Fifth Ave
6Th Ave
Snt
Lombard Street
D. C
Kings County Mortgage CO
Montague ST
Franklin Escher
Bankers Publishing
Barclay
Wall Street
New Haven Financing
New Haven
Boston & Maines
Journal of Commerce
Wall Street Journal
the Stock Exchange
Committee On Stock List
Hsting
Stock Exchange
Panama
Sub-Treasury
Washington
Treasury
Th Treasury
United States
NEW Railway Incorporated
Pennsylvania Light and Traction Company
Seattle Electric Co
Consol
Western Electric Co
General Motors Co
Galveston-Houston
Madison River
California Gas & Electric Co
Nipe Bay Company
Cook County
Illinois
Pittsburg
Central Falls
Rhode Island
Hempstead
Bergen County
New Jersey
Freeport
Municipal
San Francisco
California
Seattle
Blount County
Tenn
Hoquiam
West Shore First
Cinn
Chicago & St. Louis
Delaware & Hudson First
Chicago, Burlington & Quincy
Lehigh Valley Terminal
Terminal Railroad Association of St. Louis First
Louisville & Nashville
Atlanta
Knoxville
Des Moines, Iowa Falls and
State OF Oregon
STATS
Salem
Oregon
National Park Bank OF New York
Ren. W. Olcott
Country Board
Charles D. Freeman & CO
Lawyers Title Insurance & Trust Company Capital and Surplus
New York Clearing House Association
Lendson
Edwin W. Coggeshall
Louis ¥. Bright
Thorwald Stallenecht
Lewis H. Losee
Herbert E. Jackson
William F. Breck
David B. Ogden
George ¥. Butterworth
William P. Dixon
Julian D. Fairchild
Archibald Forbes
Walter N. Vail
Man
Henry Morgenthad
James N. Wallace Albert H. Wiggin
Lawyers Mortgage Company
Richard M. Hurd
Liberty St
Manhattan
Standard Trust Company
New York, N. Y
William CC
Lane
William C. Cox
Charles M. Billings
Edward M. F. Miller
E. Brainerd Bulkley
Zelah van Loan
Aist
Travelers’ Letters of Credit
Farmers’ Loan& Trust Company
Fifth Avenue
Cockspur St
Old Broad Street
Paris
Boulevard Haussmann
the Manhattan
Joseph Bird
Frank G. Stiles
Constant M. Bird
Bowery Savings Bank
Bowery, New York
Henry A. Schenck
William E. Knox
Joseph G. Liddle
Williamsburgh Savings Bank
Broadway and
Driggs Avenue
B. Tuttle
Peatient
William F. Burns
Rate Bank
Dime Savings Bank of
Junction DeKalb Av. and
Fulton, St
Brooklyn, N. Y
J. L. Marcellus
Russell S. Walker
New York Savings Bank N. W. Cor
14Th St
8Th Avenue
William Fellinger
James L. Wandling
Archibald M. Pentz
Citizens’ Savings Bank
Bowery, Cor
Canal 11
Daniel Barnes
George M. Walshy
Williston H. Benedict
Franklin
Savings Bank Corner
43D Street
William G, Conklin
William B, Krug
Sec
Dry Dock Savings Institution
Andrew Mills
WM. F. Patterson
Charles Miehling
Metropolitan Savings Bank
Third Ave
Opp
Cooper Institute
Jonathan B. Currey
E. Sherer
Sec’y. R
D.andrews
Sec’y
Union Dime Savings Bank
40Th Street
6Th Avenue
Charles J. Sprague
Francis M. Leake
William G. Ross
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