Railroad Rates and Public Finance in a Changing Era
A columnist analyzes railroad finances amid rising costs and stagnant rates. The piece argues railroads need higher freight rates to avoid credit weakness, noting taxes have surged while earnings lag. It discusses regulation, capacity limits, and the push for a 15 percent rate increase before the Interstate Commerce Commission, stressing rail service viability and capital attraction.
MENTIONED IN THIS ARTICLE
Missouri Pacific
Rock Island
Frisco
New Haven
Union Pacific
Pennsylvania
St. Paul
Interstate Commerce Commission
Points in Yesterdays Markets
Daily market summary shows New York and Boston trading activity with top movers. Nova Scotia Steel leads gains in both cities, while Ohio Cities Gas and Old Dominion show notable losses. Year to date volume compares higher in New York than Boston versus the prior year.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
Pond Creek Coal
Nova Scotia Steel
Ohio Cities Gas
Old Dominion
Market Ends Mixed After Bear Pressure In New York
New York market opened with losses in several speculative groups but recovered on short covering. Special stocks led activity as pools guided trading while government car purchases boosted motor issue demand. Bond and money markets eased with 1946 securities slipping slightly. total volume neared 860000 shares with United States Steel closing at 1271-2 and notable declines for Saxon Motors and Ohio Gas.
MENTIONED IN THIS ARTICLE
New York
London
Rome
Ohio Gas
Saxon Motors
United States Steel
Bethlehem Steel
Nova Scotia Steel
United States
Boston Market Mixed. Nova Scotia Steel Leads With Dividend News
The Boston market closed mixed with fractional gains and losses. Nova Scotia Steel rose to 104, later 108 in New York trade, after which the firm announced a $5,000,000 common stock issue underwritten by Hayden, Stone & Co, with $0.50 par value and pro rata subscription to record holders June 30. A 2.5 percent cash dividend and a 20 percent stock dividend are planned, due November 20, 1917, to reimburse past earnings. United Fruit and United Shoe shares advanced on ex dividend. New England subscribed $320 million to Liberty Loan, with over a million residents participating. bonds closed around 100 5 50. Red Cross subscription work continues among bankers.
MENTIONED IN THIS ARTICLE
Boston & Arizona
Boston Electro
Boston & Coe Oe
Butte & An
Sagesess
Cs! & Jerome
Amoakeag Pf
AIG & Wlw
Boston & Maine
First National
Aes
Bos & Me Pf
Fortuna
Butte-Ballak
Eae
Gila
Maxim
East Butte
Edison Electric
Montana
New Cornelia Od i
Inspiration
New Era
Port Cem
Nixon Sn
Port C Pf
Onondaga
Pioneer
Ora
Kerr Lake
Smokey
Keweenaw
la Salle
Troy Arizona
Maine Cen
Truro Steel
Mason Valley
United Verde
Utah National
Nevada
New York
New Haven
United States
North Butte
Nova Sco Steel
Old Eede
Old Dominion
Plant & Co He
Pond Creek
Punta Alegre
Reece
St Mary's Med
Shannon
Peanee
Sup & Boston
Swift & Co
Stock Exchange
Torrington
Trinity
United
U & Stee
West End
West Union
caEast Il Gt Bs
Wolverine
Wyandot
N - Paris
Gt Western
Mil & St
Mil & Pott
CC & St Loy
Paris
Peo & Nwn
Cri&p Dom
Canada
Republic I
Britain
del & Arf
den & RG
Saab Air Line
Bell T&t
Erie-Penn
So Pacific
Cen &C
Indiana Steel
Marie
Kgriseme
Union Pac Ist
U . Realty
Midvale
Wabash Bey
Alt & O
Wny & Pa
MK &T
Beth Steel
Wilcoa & Ds
Nova Scotia Steel
Hayden, Stone & Co
Island Creek
Boston Elevated
Mass. Electric
United Fruit
United Shoe
New England
Liberty Loan
New
Money Markets June 19 Report and Rates
Current prices show brokers loans at 6 percent for customers and outside calls. Commercial and collateral loans range from 5 3 4 to 6 percent. Commercial paper yields 5 4 to 6 percent. Year money at 5 2 to 6 percent. New York silver at 74 64 per Mexican dollar. Clear ing house funds and sub Treasury credits noted. Foreign exchange rates list francs 5 75, guilders 5 16, lira 7 30 to 7 40, roubles 107. End of report.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank
TOU Grue
Boston
Bob Tresaury
United
Sub
Treasury Credit Foreign Exchange
MARKET BAROMETER Business Opportunities FOR SALE
Market notes list an established express business for sale in Attleboro with no indebtedness and $10,000 required. Also advertised are managerial positions in Chicago and Boston firms, plus listings for legal services, workers, and various services, including painting, newspaper notices, and educational ads. Names, addresses, and contact details appear with opportunities across several cities.
MENTIONED IN THIS ARTICLE
the Post
Manufacturing Corporation
Chicago
Republic Bidg
Commonwealth of Massachusetts Sealed bids for river bridge work
Sealed proposals for building a bridge over the Neponset River at Boston and Quincy are invited by the Metropolitan Park Commission. Bids due July 2, 1917, with $5000 certified check. Includes removal of old bridge, temporary bridge, massive masonry and concrete work, wood block paving, and more. Plans available at 18 Tremont Street. deposit required. Right to reject any or all proposals reserved.
MENTIONED IN THIS ARTICLE
Commonwealth OF Massachusetts -Metropolitan Park Commission
Nilding
Neponset River
Boston
Quincy
Metropolitan Park Commission
Trémont Street
Mass
Engineering Department
Tremont St
Commonwealth
William B. DE Las Casas
Edwin A. Curtis
Ellerton P. Whitney
Everett
Benton
Charles J. Barton
John K. Rablin
Worcester State Hospital
City of
Worcester
Maass
Brookline
The
Selectmen
Town Hall
Board of Selectmen
Edward A. McEttrick
H. J. Seef
Ngton
Longwharf
Also Mentioned on This Page
Kidder, Peabody & Co
Devonshire St
Baring Brothers & Co., Ltd
Atchison
Union Pacific General
Calumet & Jerome
Jerome Verde Gadsden
Verde
Frank J.smith &Co
Congress Street
Imatch
Kohlmann
McK
S. Copper
Paul A. Newman & Co. Investment Securities
Broad St
New York City
Rector
Conan
Meade
Siesachusetts
John M. Gregory
Touraine
NEW England Telephone and Telegraph Company
Roth
Vure
Sant John Balch
Hornblower & Weeks
Bankers
Providence
Detroit
Portland
New York Market
Alaska
Allis-Chalmers
Allis-Chalpf
C & Pi
Hide & Lea
T&t
ALG & E
Beth Steel A
Beth Steel B
Barrett Co Leure
Batopilas
Brunswick Ter
Burrs Bros. Sacee
Butte & Sup
Cerro de Pasco
Ches & Ohio
Chi & N’west
CRI& Pwi
Chili Coppel Ae
China
Ccc&stl
Col & Southern
Col Fuel & Iron
Col Gas & Elec
Con Gas Balti
Deere & Co
del & Hudson
Erie
Gen Electric
Gen Motors
Ili Central
Boston Stocks
Carwen Stee
Chevrolet
Car Light & Po
Curtiss Aeroplane
Uni Motors Beanswoves
United Profit Sharing
Steamship
Wright Martin
Alaska Mines
Alaska Standard Austin Wiles
Ib Atlanta
Beaver Seeereenes
Belmont
Big Jim
Bisbee
Boston & Sina
Bradshaw Coppe
Butte Copper
Butte & New York
Butte & Detroit
Caledonia
Int Nickel
Ferland
Arizona
Kennecott
Cresson Gold
Crown Reserve
Lake Erie & W
Davis Daly
Bly
Lee Rubber
Ie Dome
Dome
Long Island
Florence
Nat Biscuit
Nat E & Stp Lgang
Howe Loun
Hudson Bay
Independence
NY Central
NEO H
Jim Butler
Pacific
Nova Scot Steel
Louisiana Sop
Sleelg
Ea Star
Pan-Am Pet ‘Ph
Penn
Aera White
Cape
Ae Marsh
Pere Marcuis
Peoples Gas
Macon Valley
Phila Co
McKinley Darragh
McIntyre
Pitts Coal Etts
McNamara
Pitts & W
Milford Cop
Bitte & WV Pf
Rey Steel Soc
Monitor Silverly
Nevada Hills
Ened
Repen & Sil
Nipissing
Royal
el Jeet
North Star
Savage Arms
Emma Leasing
Saxon Motor
Seaboard
Ohio Copper
Peterson
Sheffield
Rex Conseewere
Rochester
Studebaker
San Toy
Stude Corp Pf
Superior Steel
Silver Lea
Tenneapee Wi
Er Ee
Texas Co
Third Ave
Union
United Western Gold
Union Pac
I West Dome
Yerrington Mountain
Ind Alco
Allen Oil
Anglo Amn O
Barnett
U S Steel
Eenees
Cosden &Company
Arenes
U 5
Steel Pl
Cosden & Steee
Keystone
Merritt
Pete Rend
Rene
West
Midwest Oil
West Pac
Western U
Midwest
Westinghouse
Okla Oil
White Motor Peeaee
Oklahoma O2 . Com
Okla Prod & Ri
Neers
Omar & Aeeae
Penn Gas
Penn Wyoming
Victoria New Raseie Se
West Endo&g
West States
Ahmeek
Allouez
Lor Close High
Atlanta
Bay State Ganaha
Sisees Ry
Jen Lea
Industrials
Des & Rgria
Money Markets
H. M. Daggett
Attleboro
Legal Bllen
School St
Main
Mary Matullauckas
Athens Est
South Boston
Mags
Stephen Matuliauckas
Athens St
South
Mary Vaughan
Walpole St
Roxbury
John A. Vaughan
Spizer
Green St
Ruggles St
Cambridge St
Hay
M. J. Liver
Ferry St
Rosen
Earl Hopkins
Washington, D. C
L. H. Burack
Cco
Bromfield St
Wm. A. Thompson Co
Hamilton Pl
Winchester
Mase
Snow & Son
Market St
H. H. Mitchell
Rumford
Dudley
Tel
Hesslin
Paddock Bldg
Wests
Mouwive
Tr Owaise
Paul Morton
Sullivan Machinery CO
Claremont
N. H
Earnest E. Smith & CO
New York and
Devonshire Street
Sharon
BAY State Film CO
High Street
Commonwealth OF Massachusetts
Public Service Commission
Boston, Revere Beach and Lynn Railroad Company
Beacon St
Boston Post
Boston Globe
East Boston Free Press
East Boston Argus Advocate
Revere Journal
Winthrop Sun and Visitor
Lynn Item
Revere
Lynn
Winthrop
Andrew A. Highlands
C. S. Gooding
Bostonton
Organ-Boylston Detective
Boylston St
ENOY
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