Northwestern Railway Cuts Dividends Amid Cash Shortage
Directors reduced the common stock dividend from 7 percent to 5 percent and the preferred from 8 percent to 7 percent. Semi annual payouts of 2.5 and 3.75 percent are due July 15 to stockholders of record June 31. The move signals uncertain railroad conditions and reflects a stock price decline on the Exchange.
MENTIONED IN THIS ARTICLE
Chicago & Northwestern Railway
Northwestern Board
Financial District
Lackawanna
Northwest
Stock Exchange
Northwoete
Massachusetts
Busine
William H. Dwelly
Resaurer
New York
Cutieast
Chinanon Capital Stock
Atocka Nf Ithia Corporation
Baye
Musinens
New ‘Trust Company of
DH Witt Clinton Jones
Atlantic Refining In Superior Oil Expansion Plan
Superior Oil Corporation authorizes 2.2 million new shares to boost production and working capital. Atlantic Refining Company to purchase a block and manage Superior, with properties largely in Kentucky. Atlantic to own or pledge 627,000 shares for two years. remaining 405,078 to be bought by a syndicate including Brown Brothers, White, Weld & Co, Graham, Parsons & Co, and Frazier & Co for public offering.
MENTIONED IN THIS ARTICLE
Superior Oil Corporation Hs
Wan
Atlantic Refining Company
Superior Corporation
Kentucky
Atlantic
Uni
Brown Brothers
White, Weld & Co
Graham, Parsons & Co
Frazier & Co
Investment Questions and Bond Guidance in The Tribune
Questions from investors cover Canadian bonds currency exchanges US and Canadian payee issues, and safety of stocks and bonds. The Tribune explains Canadian government internal loans offer currency differences, reviews Columbia Gas versus Ohio Cities Gas as speculative plays, and recommends solid long term bonds like Atchison general 4 per cent and St. Paul general 4 per cent, plus Liberty bonds for safer, longer term holdings.
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Salon
Ain
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OTM
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Ano
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Toki
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Atchison Adjustment
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le Tech
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Merger Status and Maxwell Stockholders Questioned
The item analyzes Maxwell Company merger prospects with Chalmers Corp and how non participating Maxwell stockholders may fare under new capital from banking interests. It suggests stockholders not depositing could receive limited benefits if the merger proceeds and ownership remains via partnership in the business. It notes potential negotiation if assets are taken over and hints at revised capital structure.
MENTIONED IN THIS ARTICLE
Maxwell First
Atock
Chalmers Corporation
Maxwell Company
Busi Hoes
Investment Questions and Authors in The Tribune
Four full columns of investment questions and authors are published in The Tribune every Saturday.
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