On June 1, the $48,000,000 of the 4% bonds of the Chicago, Milwaukee & St. Paul R. R. mature and are due for payment. The St. Paul cannot hope to refund this issue by going direct to its shippers as the New Haven has recently done, and must therefore look to its bankers— Kuhn, Loeb & Co. and the National City Bank. Whether the road is due for a receivership this spring is unknown in financial circles. But the drastic decline in St. Paul stocks and junior bonds indicates Wall Street's opinion that all...
To continue reading:
or
Log-In
