Autocar Company Offers 6 Percent Serial Bonds
An issue of 1.8 million dollars of Autocar Company first mortgage bonds dated April 1 1919 and maturing in semiannual installments to 1926 is offered by Montgomery & Co at 100 to 97.5. Callable as a whole on 30 days notice at 102.5 and 1.5 percent interest, then 101. Interest and tax details noted with Pennsylvania four mill tax exemption. Company, founded in 1899, makes commercial autos. 1918 quick assets over 2.4 million, projected over 3.2 million after financing. Factory net sales rose from 1.0 million in 1909 to 7.999 million in 1918. Dividends of 10 percent on 2 million stock.
MENTIONED IN THIS ARTICLE
Autocar Company
Montgomery & Co
Pennsylvania
Money Markets Current Rates and Loans
Current prices list various loan types with fixed percentages. Roker customers' loans at 4.4 percent, outside brokers' call loans at 1 1 2 percent, commercial loans at 6 percent, individual collateral loans at 6 percent, paper at 6 percent, and year money at 6 percent.
Massachusetts Banks Offer Interest on Deposits Starting Dates
Money deposited in Andover Savings Bank Andover and several other Massachusetts institutions earns interest from specified dates in spring. Banks listed include Brighton Five Cents Savings Bank Brookline Savings Bank Cambridgeport Savings Bank Melrose Savings Bank Boston Five Cents Savings Bank Columbus Savings Bank Home Savings Bank Hyde Park Savings Bank Salem Five Cents Savings Bank and Waltham Savings Bank with dates ranging from March 15 to April 19 for trust company deposits.
MENTIONED IN THIS ARTICLE
Massachusetts
Andover Savings Bank
Andover
Brighton Five Cents Savings Bank
Brookline Savings Bank
Cambridgeport Savings Bank
Melrose Savings Bank
Melrose
Boston Five Cents Savings Bank
Columbus Savings Bank
Boston
Home Savings Bank
Hyde Park Savings Bank
Salem Five Cents Savings Bank
Waltham Savings Bank
Waltham
Charlestown Trust Co
Charles
Commonwealth Trust Co
Cosmopolitan Trust Co
Feder Trust Co
Fidell Trust Co
Metropolitan Trust Co
Melrose Trust Co
Old South Trust Co
Boston Trust Co
Highland Trust Co
Somerville
Somerville Trust Co
United States Trust Co
Fitchburg Bank and Trust Co
Hines Says Elliott Is Uncand id Washington
Director General Hines issued a statement in Washington replying to Howard Elliott president of the Northern Pacific Railroad Company. He said the return of railroads to a peace basis with labor forces and operating cost factors will take several months.
MENTIONED IN THIS ARTICLE
Washington
Hines
Howard Elliott
Northern Pacific Railroad Company
Chicago
Railroad payroll rise under federal control defended by Hines
Director General Hines argues that a 16 percent payroll increase on the Pennsylvania Railroad from December 1917 to December 1918 reflected necessary wartime and weather driven work in repairs and maintenance. He says overall railroads rose only 8.2 percent, and stresses war conditions and turnover justify the expansion to place roads on a war basis and reduce costs after peace.
MENTIONED IN THIS ARTICLE
Hines
Elliott
Pennsylvania’ Railroad Company
Pennsylvania Railroad
Allegheny
Medal plan to honor Liberty Loan workers in New England
The Liberty Loan committee of New England, under Treasury approval, will award about 100000 medals made from captured German cannon to workers serving on Liberty Loan committees during the Victory Loan starting April 21. Each medal honors participation with space for engraving. about 1600 committees average 60 workers each. Over 9 percent intend to work on the fifth loan.
MENTIONED IN THIS ARTICLE
New England
Liberty Loan Committee of
Treasury Department
Liberty Loan Committee
Treasury Building
Washington
Connecticut Gains in Placing Soldiers
Hartford March 10 A 6.4 percent gain in finding employment was recorded by the Connecticut free employment bureau in February. Among 1439 men and 1455 women seeking work, 740 men and 10883 women obtained positions. Employers seeking workers supplied 2 percent, against 89.3 percent the prior month.
MENTIONED IN THIS ARTICLE
Hartford
Conn
Connecticut Free Employment Bureau
Stocks Rise Broadly as Market Hits New Highs
Stocks advanced with New York and Boston activity totaling 1,230,600 and 24,232 shares respectively. Steel slipped from its high while Republic Lackawanna and Midvale led gains in several issues. American Telephone and Telegraph highlighted strong shareholder growth with 112,420 holders plus 14,000 employee owners.
MENTIONED IN THIS ARTICLE
Chandler Motors
American Telephone
New York
Boston
Steel
Ventura
Republic
Lackawanna
Midvale
Bears
General Motors
American Sumatra
New Haven
United Drug
Massachusetts Electric
United Shoe
New York Stocks Mixed as Market Slips on Tech Decline
Traders watch declines in technology shares as the New York stock market posts mixed results. Investors seek stability amid uneven gains with several major indices lagging while some blue chips hold steady.
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