Newer Entrants Into the Security Market.
While in the foregoing chapter are noted some of the securities of representative manufacturers attracting the most pronounced attention, there are several others on the border line, or that have not as yet “arrived,” and possibly may never do so.
There has, therefore, been so little activity in these securities, that examples of their flotations are negligible in this report.
Those most in the public eye are perhaps:
The Harroun Motors Corporation
The Emerson Motors Company, Inc.
The Ford Tractor Company, Inc., etc. etc.
Some Leading Examples of Appreciation or Depreciation in Value of Such Stocks Since They Were Put Out.
An example of depreciation in automobile stocks of an exaggerated type was that of the United States Motor Company, a combination of the Maxwell-Briscoe, Columbia, Stoddard-Dayton, Brush, and Sampson Companies. With an issue of about $35,000,000 stock, New York Curb prices in 1912 for the common ranged from 9 down to 1⁄16 and for the preferred from 301⁄2 down to 3⁄4.
The properties of this company have since been taken over by the Maxwell Motors Companys, which issued the following securities:
| $13,000,000 | 1st preferred |
| 11,000,000 | 2nd preferred |
| 13,000,000 | common |
The prices of these stocks have ranged as follows: