Word: peres
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Dates: during 1920-1929
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...parties unnamed. It provided for the creation of a brand new company (the New York, Chicago & St. Louis Railway Co.) to acquire and hold the stocks of the old "Nickel Plate" (the New York, Chicago & St. Louis Railroad Co.), the Erie, the C. & O., the Hocking Valley, and the Pere Marquette. The new company will have two classes of stock, common and 6% preferred, which will be exchanged in varying ratios for the stocks of the several roads going into the merger, on terms apparently favorable to all concerned. On the basis of 1923 earnings of the several roads involved...
...last week the indefatigable Van Sweringen brothers (of Cleveland) labored, and not in vain. In their bulging bag of railroads reposed the Nickel Plate, Erie, C. & O. and Hocking Valley, but they continued to gun for the Pere Marquette. Chairman...
Brown of that road tactfully refused to sacrifice pleasure for business and remained absent on vacation. In his stead the Seligmans, bankers for the Pere Marquette, have expertly held out for the most favorable terms obtainable. There have been conferences, rumors, more conferences and more rumors. Stockbrokers have been no losers through the continued uncertainty...
...system, according to experts, will be sound from a traffic as well as from a financial standpoint. Pere Marquette will serve to collect local traffic, and to distribute coal from the C. & O. The original Nickel Plate and Erie systems between them provide an excellent fast freight line into New York from the West. The Hocking Valley serves to connect the mileage of the C. & O., Erie and Nickel Plate. The consolidated system will touch New York, Chicago, St. Louis, Cleveland, Peoria, Newport News, Toledo, Detroit, Buffalo. The old Erie gives it one seaboard outlet on the Atlantic...
...curities" were active on the Stock Exchange. Rumors abounded. Ap- parently the time is almost here when the astonishing realtors from Cleveland will put together the "Nickel Plate System" as one of this country's greatest railroad mergers. The system will include Nickel Plate, Erie, Clover Leaf, Pere Marquette and Chesapeake & Ohio, and the coming consolidation will necessitate a complex exchange of securities, details of which are probably not alto- gether settled in even the Van Sweringens' minds. Probably the most definite notion of the Greater Nickel Plate System that is to be, at present exists...