United States Steel cuts dividend to nine percent
The United States Steel Corporation directors reduced the common stock dividend to 1.25 regular and 1 extra, totaling a 9 percent annual rate, after a weak fourth quarter earnings report. They noted 1918 taxes largely ate profits, with full year earnings around 473 million and a 275 million tax deduction, while only 120 dollars per share earned in war years were returned to shareholders.
MENTIONED IN THIS ARTICLE
United States Steel Corporation
Sierra Pacific Electric Company
Nevada
Stone & Webster
Lowell Electric Light Corporation
Lowell
Massachusetts
American Zinc, Lead and Smelting Co
American Zin Lead & Smelting Company
Market closes higher with mixed Boston trading gains
Local prices edged up with activity in Boston Elevated stock advancing to 69 3 4 before retreating to 69. Mass Electric preferred rose over 1 2 point and Granby and Stewart gained over 1 point. American Telephone ended near par while Atlantic Gulf and West Indies and United Fruit fell. Permanent certificates for Gorton Pews and Cudahy Packaging stocks ready for delivery pending notice.
MENTIONED IN THIS ARTICLE
Boston
Mass
Electric
Granby
Stewart
American Telephone
Atlantic Gulf and West Indies
United Fruit
Gorton-Pew Fisheries
Cudahy
Gorton-Pew
United States Steel Deeems Market Tone After Dividend Change
New York trading drifted as United States Steel directors meet to approve the Q4 1918 statement and cut the extra dividend to 1 percent. Steel fluctuated early, then strengthened late with rails and related stocks, while oils and independent steels showed gains. Total volume 385,000 shares. bonds eased slightly with par value sales near 9.775 million.
MENTIONED IN THIS ARTICLE
New York
United States Steel
St. Paul
United States
New York Curb Joke on Bed Breakfast Question
A curbside joke in New York centers on a landlady asking a new boarder how he wants his eggs boiled and the boarder replying that two at a time is best. The quip captures a playful street scene with quick, humorous wordplay.
Money Markets Snapshot From Market Report
Current prices show brokers' customers' loans at 5 1 4 percent and outside brokers' call loans at 5 3 4 percent. Indebitated figures with commercial paper at 6 percent and year money at 6 percent.
MENTIONED IN THIS ARTICLE
Inditementaiet
Bond Market Snapshot and Various Security Listings
A dense scan of bond quotes and security names appears, listing Lib 3s 143 Lib 4ty 448 French bonds 2 eee and various corporate issues. The fragment references entities such as Chicago Un 8 Lib 5s series A 1 and Am T & T col 4s, with scattered percentages and prices across multiple issuers including Seab Air Lady and Laclede Gas.
MENTIONED IN THIS ARTICLE
Leveths
Ryaney
Chicago UN
Stl
SF Inc
Etot
Gop
Col
Bae
Seab Air Lady
So Pacific
Hou & TC
Hud & M
Ann Arbor
Steel Sf
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American Telephone & Telegraph Co
Kidder, Peabody & Co
Devonshire St. Boston
Wall St
Steel
Utah Metal
Bethlehem
Mexican Petroleum
Cuba
Marine Preferred
Texcalokan Oil & Gas Co
John W. Stanford
Texcalokan
Sinclair Gulf Corporation
H. H. Galbraith
Mid-Continent
Kansas
Oklahoma
F. L. Sawyer
Texcalokan Properties
Texcalokan Oil & Gas Company Board
Western
Mid- Continent
C. G. Galbo & CO
State Street
Pa Oil Share Lewhone
Richmond
New York Market
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Boston & Corbin
Neste
Bost & Montana
Carson
Ventura
Denbi
West Tel
Majestic
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Bost Elev
Davis Daly
Ace Point
Legway
East Butte
Cssccerses
Fairbanks
Gorton-Pi
Lake Co High Point
Areene
Maine Central
Mass Electric
Am Ag Co
H & Leather
Sumatra
Baldwin
Batopilas
Deere & Co
Th. Low
Gaston W & W Aetna Explosives Eee
Amer Writ Payotors
Car Light & Power
Gen Motors Ee Gillette Safety Razor
Eetee Pp Motors
Kennecott
Eense
Louis & Nash
Glenrock
Houston
Max Tor
Maxwell Ist
Island O & T
Maxwell 2d
Pete Esas
Midvale Iami Copper
Ns Ersee
Midwest Oil Co
Minn & St Leeeee
Midwest Oil Oforthwest
P&r
Penn
Y Central
Steeve Sea Ereawtens
Nynh&h
United Western New
Owens Bottle
Boston & Montana
Lorillard P
Nia
Eee
Nate Eneeees
Pitts & W Va
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Ene
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Peres
Cresson
Goldfield
Stl&sf
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Stromberg
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Amer
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Nixon Nevada
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Porcupine Crown Baewenes
Lea Weetenerenes
Eeee
Teck Hughes Sete Nee Een Ene
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Ateeee
Seeeeee
Westi
Tonopahning
Reese Eenen
Willy: Pesesee
Tonopah No Star Errrerry
Wilson & Oe
Tuolumne
Ceeweees Ig
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Vous
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Pacific Island Oil
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Nat’l. Denbigh Homa Oil
Partia
Congress St
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Commercial Acceptance Trust
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S. la Salle St
France & Guaranty Co
Baltimore, MD
Maxwell Willys-Overland
General Motors
N. Y
W. N. Withington & Co
Consolidated Stock Exchange of
E. M. Fuller & Co
Broad Street, New York
Chelsea Field
Okla
Broken Arrow
Wyoming Oil CO
Century Bidg
Denver
Colo
ANDREWS _& CO
State St
America
National Producing & Reno
Colorado Building
SWIFT
A. F. Dow & CO
V. Llan & Company
SG Euro
E. Farwell
Ailroads
Onl
Powe
Charles M. Schwab
G.F. Redmond &Co
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