Market Anomalies Spark Debate Over Steel Earnings
The Steel Corporation report showing earnings between 45 and 50 a share prompts analysts to compare Steel with rivals like Anaconda. Traders question why Anaconda trades around 78 despite weaker per share earnings, while Steel may post a year total near 312 million if new war orders and higher prices materialize. Atlantic Gulf jumps to 64 amid expectations of strong May earnings, with visions of 60 a share annual earnings and delayed common dividends.
MENTIONED IN THIS ARTICLE
Steel Corporation
Anaconda
Atlantic Gulf
Post
Metal markets drift with steady producers prices and strong second hands
July market quiet as producers' prices hold steady while second hands gain. Deliveries for 1916 and 1917 show varying bid levels. Spelter dull, lead and other metals quoted F. O. B. New York and East St. Louis with elastic ranges. London copper and tin futures rise slightly amid overall market activity.
MENTIONED IN THIS ARTICLE
New York
B. East St. Louis
Joplin
American Smelting and Refining Company
Boston
Northern
Virginia
Southern
London
Financial notes on stockholder actions and dividends
Stockholders ratified the Canada Steamship line purchase of the St Louis and Chicago Steam Navigation Company without a special issue of bonds or stocks. Sagamore Manufacturing boosted its quarterly dividend to 6 percent payable Aug 3. American Brake Shoe and Foundry ordered 9.2 inch shells for Britain worth about 22.4 million dollars, bringing weekly war orders to 58 million. Locomobile American earnings rose about 1 million in Q2. Copper exports from Atlantic ports totaled 10,235 tons for the week ended July 27, with 32,313 tons since July 1. Montana Power posted Q2 net after taxes of 1,138,696 and six-month net 2,216,501 with a 1,561,006 six-month surplus after charges. Seoville Manufacturing declared an extra monthly dividend of 10 percent payable Aug 1 to stockholders of record July 25, bringing total paid to 62 percent for 1916.
MENTIONED IN THIS ARTICLE
St. Louis & Chicago Steam Navigation Company
Canada Steamship Line
American Brake Shoe & Foundry Company
Great Britain
Montana Power Company
Seoville Manufacturing Company
Boston & Montana
Rilla
Boston & Corbin
Boston Ely
Bay State Gas
Bohemia Pebeeees
Bos & Arizona
Boston Corbin
Bos & Mont
Butte & London
Butte NY
Fortuna
Jerome Verde
Majestic Eae
New Cornelia
New River Pf
Nixon
Ohio Copper
Onondaga i
Fo Ie
Stock totals and gains in New York and Boston
Total sales for New York 244 285 shares and Boston 12888. Most active issue in New York Steel 29300 shares and Boston Atlantic Gulf 4353. Year to date totals show New York 95866859 shares and Boston 6820607. Compared with last year New York 73960900 and Boston 7024138. Notable changes include New York Atlantic Gulf rising 4 to 64 and New York American Zinc pref dropping to 62 percent. Boston Swift & Co rising to 142 while Nipe Bay falls to 150.
MENTIONED IN THIS ARTICLE
New York
Boston
Atlantic Gulf
Wall Street Drags Through Listless Midweek Trading
New York markets show mixed gains and losses with volume at 240000 shares. Reading advances late while United States Steel nears previous highs after earnings. rails stay subdued with Canadian Pacific and New Haven slipping. Bond offerings soften overall as foreign exchange steadies.
Atlantic Gulf Leads Market After Strong May Earnings Outlook
Boston market shows interest in Atlantic Gulf on rumors of a May earnings exceed five dollars per share. Swift & Co. jumps to a new high on potential profits, while United Fruit earnings rise monthly. Copper talks hint at large orders despite price disputes. Greene Cananea expected to set a new production record amid Mexican troubles.
MENTIONED IN THIS ARTICLE
Emerson Motors Co., Inc
R. C. Hupp
Hupmobile
Oldsmobile
Emerson Motors Company, Inc
New York City
Boston
Atlantic Gulf
Swift & Co
United Fruit
Nipe Bay
Greene Cananea
Bond Market Dots and Dings Across Foreign and Domestic Issues
The market notes mixed activity with foreign securities including Anglo French and Canadian issues and domestic railroad and industrial bonds. Prices show varied yields with several 4s and 5s trading near par while overall turnover totals over four million.
Lloyd George Optimistic on Irish Peace Breaks in Talks
Lloyd George remains hopeful on Irish settlement despite a late breach in talks. He asserts a unified offer from British parties, notes Ulster exclusion terms, and argues the home rule act remains on the books pending an amending bill.
MENTIONED IN THIS ARTICLE
Lloyd George
Ireland
Westminster
Mr. Lloyd George
Ulster
Empire
Redmann
Nationalist Party of Ireland
House of Commons
British Isles
London
No Plea Made for Casement Case
London July 28 The Court of Criminal Appeal met to hear a possible application for Roger Casement sentenced to death for treason in the Dublin uprising. The defence had abandoned any action. The court stated Sullivan had no authority to withdraw the point and ruled there was nothing in the point. Arthur Powell said Casement’s counsel never intended to press the appeal.
MENTIONED IN THIS ARTICLE
London
Court of Criminal Appeal
Roger Casement
Dublin
Alexander Sullivan
Casement
Lord Reading
Sullivan
Justice Darling
Ginnell Fined 500 Pounds Over Prison Visits
Laurence Ginnell Irish Nationalist MP for Northwest Meath had a 100 pound fine after being refused permission to visit Irish prisoners in England. The crown attorney cited his Stafford and Wandsworth visits where prisoners called him a martyr and caused disturbances. He faced six weeks’ imprisonment or six weeks to pay, plus a 500 pound fine.
MENTIONED IN THIS ARTICLE
London
Laurence Ginnell
Meath
England
Knutsford Barracks
Bow Street
Ginnell
Stafford
Wandsworth
Lebries
Ammonia Gas Forces Evacuation at Malden Market
H J Werner of Cambridge was overcome by fumes when the ammonia tank head blew off during a test at the Andrews and Ollman market 23 Pleasant street Malden. The cloud drove all employees from the building and they could not re enter until a helmet arrived from Boston two hours later.
MENTIONED IN THIS ARTICLE
Andrews and Ollman
Pleasant Street
Malden
H. J. Werner
Cambridge
Boston
Father on Border When Son Is Born
A boy weighing six and one half pounds was born to Mrs. Henry H. Schrow of 114 Bradford Street Everett yesterday. Henry H. Schrow, the father, is first sergeant of B Company of the Eighth Regiment at the border. A wife was sent to the father last night with word from Dr. C. C. Murphy of Everett that mother and child are doing well.
MENTIONED IN THIS ARTICLE
Henry H. Schrow
Bradford Street
Everett
Eighth Regiment
C. C. Murphy
Tariff Commission to Study Europe Trade Effects
One of the first tasks for the proposed Tariff Commission under the pending revenue bill is to tour European countries, including belligerents, to study how the war has affected U S industrial and trade relations and to gather data to aid future tariff adjustments after peace is restored.
MENTIONED IN THIS ARTICLE
Washington
Tariff Commission
United States
House of Representatives
Federal Trade Commission
Americas
Europe
Wilson Considers Commission Visit to Study Trade Partners
President Wilson signals serious consideration of sending a special commission to belligerent nations to study trade relations with Europe. He notes potential action under the Ratway Tariff Commission provision and urges a permanent nonpartisan panel to keep tariff decisions separate from politics.
MENTIONED IN THIS ARTICLE
Wilson
Samuel M. Hastings
Chicago
Illinois Manufacturers’ Association
Association
Tariff Commission
United States
Europe
Kelly Smith refuse offers in immigration dispute
London reports that Thomas Hughes Kelly and Joseph Smith, detained in Britain, refused offers to land with consular protection or sail on alternate ships. Consul Horace Washington proposed lodging in his house, which they declined. They were en route with $50,000 for Irish relief and faced an unresolved landings ban.
MENTIONED IN THIS ARTICLE
London
Great Britain
Thomas Hughes Kelly
New York
Irish Relief Fund
Joseph Smith
Horace Washington
Liverpool
Kelly
Smith
Washington
American Line
Philadelphia
England
Home Office
Dublin
Ireland
Also Mentioned on This Page
B. P. Will H. Stetson
John
Cedar Street
N. Y
New York Air Brake Company
Municipal Service Company
American Zinc, Lead and Smelting Co
American Zinc, Lead and Smelting Company
Be, Farwell
Chicago, Wilmington & Franklin Coal Co
Massachusetts Corporation
Mass Consolidated Mining Company
Mass
Wilfred, A. Bancroft
Old Colony Trust Co
Utah Metal and Tunnel Company
Commonwealth Trust Company
Congress Street
W. B. L. Dillaway, Tressurer
Metal Markets
Financial News Notes
Sagamore Manufacturing Company
Locomobile Company of America
Atlantic
New York Market
Rails
Canadian Pacific
New Haven
Reading
United States Steel
Tennessee Copper
Bears
Mercantile Marines
Gulf & West Indies
Sears-Roebuck
American Sugar
International Paper Preferred
Adams Express
Ae Ae
Adams Exp
Ajax Rubber Co
Eee Eee Enee
Alaska
Alaska Juneau
Allis-Ch
Allis-C
Bet
Car & F
Car & F Pf
Hide & L
Hide & L Pf
Dow Bse
Smelt & R
Te & Ial
Gulf& WI
Atl Gulf & WI
Chino Co Tis
Cuba
Deere & Co Pf. Neeeee
del Lack & Eg
Deny & Ae
Erie
Erie Ist
Fed M&s Pf
Elee
Gen Motor
Goodrich Bit Co
Granby Con M
Nor P “Nn
Gr Nor Bre
Greene-Canan
Gulf State Steel
Gulf St Sel
Interboro
Int
A Corp
Inter Mar
M Pr
Inter
Creas
Jewel
Kan City
Kayser & Co
Kelly-Sp Tire
Kennecott Cop
Lack Steel
Laclede Gas
Lake Erie & V
Lee Rub & Tire
Lehigh Valley
Mackay
Maxwell
Mo Pacific
Cloak & Sui
En & St
Nevada . Co
Nor & Wes
Nor Pacific
Nor & West Pf
Peoria & E
Boston Stocks
Philadel Co
PCC &Sl
Pitts Coal
Pitts Coal Ct
Pitts Steel
Press Steel
Quicksilver
Rumely O
Valé
St Louis S F Wi
Oebue
Sears-Roe Pf
Shattuck-Arz
Stan Murts
Studebaker
the Texas Co
Third Ave
Twin City RT
Jn Baz
Ll Bu
UN Baz Pf
Union Pacific
Utah
West Marylan
West Union
Westinghon
W& LE Pf
Wil- Overland
Wis-Overland
Wis Central
Woolworth
Igh
Ahmeek Tegeneres
Arizona Om
Gulf Venteeeers
Gulf Pf
Bos Elevated
Bos & Albaneee
Bos & Lowel
Lake Copper
Il Il
Mason Valley
New Engel i
Renee
Reeced
Butte
R KR
Dominion
Crk Coal
Santa Fe Lig
St Mary’s
South Lak Up & Bus
Superior C
Torrington
Trinity
Tuolumr
United Frui
Shoe Me
US Steel
Smelt P Ae
Poe
Stock Exchange
Norf & W
VOPR
Eis
North Pacific
Boret Seo Sas
Aes Okey
Pacifi
Baeble Orcy
Ry & Ae
Canada
Gas & Coke
Ry Steel
Edison
Granby
Che
T&t
Mer Marine
BNF
St P
Armour & Co Real
Etfs
Ees Montana
RG Ioc
Sea Air L Ai
Ayadis Pete
Bri
Wk Baga
Nin Ban Pone
At & SF Eal
Seab Air Line
Stamper Lennoor A Eh
Dees
So Bell T & T AT &Sf
Adj
Sea Tay
Pitt
Balt & O
Pat
Oll
Soi Balt &O
Bklyn
Ine
Anne
Lorilard
Ches
Kentucky
Laclede
Lex&Fast
Beth Steel
la & Arkansa
Manhattan Ry
Minn & Cal
Michigs
Auld
Ind
Chi
C&st
Wabash
Mil&St
Mil
Mil & St
Cmil&st P
Wes Southern
Texas Co
Rat Sle
West
Union Elec
Unig
Sense
Nxena
Union Pac
Mo Pac
Utah Consol
West End
Sateen
Western Union
Wolverine
Butte & NY
Cerro de Pa
Goldfield C
NY & Hon
Nipissing
Chevrolet
Drage Fe
Hendee
Lake Tor
Seeee
Es Midvale Steel
St Jos Lea
United Motors
White Motor
Illinois Ree
Weistans
Ohio
Prairie Oil &G
Prairie Pipe
Cosden & Co
Cosden Oil & G
Sinclair Oil
Aes
Cosden
Russov
Money Markets
Aear
Federal Reserve Bank
Clea House
Treasury
Nsepeniese
Sub-Treasury
Prey
Wees
Vanesena Beteee
Boot
New Orleans
High Low Close
Tow
Minn
Duluth
St. Ig
Toledo
ATR
Weer A Co
Wa Teeee
Tariff Commission of Trade
Kelly-Smith
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!