Minnesota rate case weighs on railroads and law
An editorial examines the Minnesota rate case spanning Shepard v Northern Pacific, Kennedy v Great Northern, James v same, and Shillaber v Minneapolis St Louis. It outlines state power to set intrastate rates, return on railroad property, and possible Supreme Court outcomes affecting interstate commerce and railroad incomes.
MENTIONED IN THIS ARTICLE
United States Supreme Court
Wall Street
Minnesota
Shepard
Northern Pacific Railway Company
Kennedy
Great Northern Railway
James
Same
Shillaber
Minneapolis & St. Louis Railroad Company
Railway and Warehouse Commission of Minnesota
Railway and Warehouse Commission of
Northern Pacific
Circuit Court
Charles E. Otis
Railway Commission
Commission
Supreme Court of the
United States
Supreme Court
Interstate Commerce Commission
Commerce Commission
El Paso Electric Declares Quarterly Dividend 1918
El Paso Electric Company of El Paso Texas declares a quarterly dividend of 2.00 per share on common capital stock payable June 16 1918 to holders of record at close of June 4 1918. Tone and Webster Transfer Agents.
MENTIONED IN THIS ARTICLE
F. Blanchard
City Realty Trust
Forris W. Norris
Chester I. Campbell
Louis H. Pabeaues
Congress St
Boston
Pensacola Electric Company
Pensacola
Florida
Stone & Webster
el Paso Electric Company
el Paso
Texas
el Electric Company
Tone & Webster
National Topliners sketches Tumulty by James Hay Jr
In the department National Topliners in next Sunday's Post Magazine James Hay Jr leads off with a clever sketch of Joseph P Tumulty Wilson's private secretary now a picturesque Washington figure.
MENTIONED IN THIS ARTICLE
Post
James Hay, Jr
Joseph P. Tumulty
Wilson
Washington
Markets Show Active and Weak Totals Across Cities
Stock market activity shows New York and Boston with rapid totals and notable gains and losses. General Motors leads New York gains while St L S F suffers a notable drop. Edison Electric advances in Boston, Hedley Gold declines. Call money sits at 2 1-2 to 2 3-4 percent in New York and 3 to 3 1-2 percent in Boston. Time money ranges from 3 3-4 to 5 1-2 percent in New York and 4 to 5-1/2 percent in Boston.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Steel Common
General Motors
Edison Electric
Hedley Gold
St Louis and San Francisco seeks receivership on rising market
In New York trading May 27 the St. Louis and San Francisco Railroad Company moved toward receivership as its finances faltered. Frisco common and preferred shares dropped to new lows while bonds tumbled, with related issues from Chicago and Eastern Illinois and Rock Island also sliding. International markets showed weakness as peace treaty delays weighed on London and Paris. Total par value of securities traded reached 31.572 million.
MENTIONED IN THIS ARTICLE
New York
St. Louis
San Francisco
Frisco
Chicago
Eastern Illinois
London
Turkey
Balkan States
Paris
Berlin
United States
Market Roundup from New York and Boston Stocks
The day saw a general downturn in local stock quotations driven by narrow trading and modest bearish pressure. Boston Elevated rose 11/16 to 88, while reorganizational activity at Boston & Corbin dominated chatter. Dividends were declared for Ray Consolidated, China Copper, Nevada Consolidated, and Utah Copper with payment due June 20 for records June 6.
Curb Market Shifts Highlight Mexican Metals Pricing
In Boston yesterday the curb market saw Mexican Metals as the sole notable activity. Prices moved from Tic to 69 cents, closing at 70 cents with further fluctuations noted in the detailed report.
Market Barometer Total Sales Report
Market barometer shows total sales of 1,572,000 with a past figure of 1,430,000 a week or year ago. From January 1 to date sales totaled 237, aS oy against 351,983,000 a year ago.
Money market trends ease on currency inflow and light demand
An easier tone in money markets followed currency inflows from the interior and light speculative demand. Call funds traded around 2 1 2 percent in New York with a broad range, while time funds cited varied rates from 1 2 to 4 percent across short to long terms.
MENTIONED IN THIS ARTICLE
New York
Ssersevecacs
Cossessscescserceenes
Boston Clearings
Boston
Eecrscseesess
Grain Markets Mixed as Wheat Leads Active Session
May 27 report shows wheat leading an active market with strong gains in futures. July and Sept higher, May mostly unchanged. corn weaker later in session. Oats rise briefly then retreat, overseas markets mixed with Paris and Berlin showing modest moves. Minneapolis and Duluth receipts noted, Chicago car lots tallied, export sales at 48,000 wheat yesterday.
MENTIONED IN THIS ARTICLE
Liverpool
Paris
Antwerp
Berlin
Budapest
Minneapolis
Duluth
Chicago
Bond Market Weakness Across Cities Presses Prices
Fresh weakness in St Louis and San Francisco issues led the bond department with underling 5s offered around 994. Sareewigs Fort Scott Memphis 4s were weak, Island Transit 4s eased slightly, Rockaway collateral 4s fell to new lows and Wabash first 5s hit a new record low as United States government bonds remained under pressure.
MENTIONED IN THIS ARTICLE
St. Louis
San Francisco
Sareewigs Fort. Scott & Memphis
Island Oe Transit
Wabash
Bond Market Notes Summary of New Hampshire and New England Bids
Nashua awarded a temporary loan of 75000 due December 15 to Bond and Goodwin. A syndicate led by Continental and Commercial Trust Company and others won Cook County bonds of 2300000. Lowell sold 115000 of 4 12 percent bonds to R L Day and Co. Springfield awarded 300000 temporary loan to Morgan and Bartlett. An additional 150000 temporary loan went to R L Day and Co.
MENTIONED IN THIS ARTICLE
Nashua
N. H
Bond & Goodwin
Continental & Commercial Trust Company
E. H. Rollins & Sons
National City Bank
William A. Read & Co
Cook County
Illinois
Lowell
Mass
R. L. Day & Co
Blake Bros. & Co
Curtis & Sanger and Merrill
Qidham & Co
Springfield
Morgan & Bartlett
New York
Boston and Corbin Copper and Silver Mining Company
Notice filed by counsel David A Ellis Edwards Goulston for the Boston and Corbin Copper and Silver Mining Company. Action details and filing status appear in the record.
MENTIONED IN THIS ARTICLE
Boston & Corbin Copper & Silver Mining Company
David A. Ellis Edwards Goulston
Cotton Markets Steady After Opening Decline
The cotton market steadied after an early drop as shorts covered. Prices gained 14 to 15 points from the low on private condition reports, with one Chicago firm placing 78.7 and the National Ginners’ Association report at 80.7 amid a 3.2 percent higher acreage. The weekly weather outlook showed a standoff though showers aided most regions and a cold snap in the Atlantic States was noted as a negative factor.
MENTIONED IN THIS ARTICLE
Shorts
Chicago
National Gunners’ Association
Atlantic States
Metal markets show quiet copper with mixed tin moves
Metal markets remain subdued as copper trades near unchanged. Tin firmed with a small bid rise and asking uptick. Spot tonnage at 48.8714 and June delivery 25 tons quoted around 48.00 in the report.
Dividends Declared by Copper Corporations and Related Firms
A slate of quarterly and initial dividend declarations includes Ray Consolidated Copper Company with 37.12 cents payable June 30 to holders of record June 6, Chino Copper Company 75 cents payable June 30 to record June 6, Utah Copper Company 7 1 2 cents payable June 30 to record June 6, Nevada Consolidated Copper Company 87 1 2 cents payable June 30 to record June 8, Stewart Mining Company 10 cents payable June 15 to record June 5, York Manufacturing Company 82 cents payable June 2 to record May 23, Central Leather Company 13 4 percent preferred payable July 1 to record June 10, United Drug Company 13 4 percent common and 2 percent preferred payable June 15 to record May 20, Chicago City Railway Company 2 1 2 percent payable June 17, American Power & Light Company 1 percent common payable June 2 to record May 27, Railway Steel Spring Company 13 4 percent on preferred payable June 20 to record June 7, Mackay Cos 11 4 percent on common and 1 percent on preferred payable July 1 to record June.
MENTIONED IN THIS ARTICLE
Cal
Arizona
Butte& Sup Soos
Cal & Hecla
China
E Butte
Giroux
Isle Royale
Nevada
U S Smelting Ie
U S Steel
U S Smelt
US Steel Pf
Utah Consol
Utah Apex
Tenes Ih
Victoria Tye
West End Teeenee
Winona Teenee Eee
Wolverine Perseee
Chino Copper Company
Utah Copper Company
Nevada Consolidated Copper Company
Stewart Mining Company
York Manufacturing Company
Central Leather Company
United Drug Company
Chicago City Railway Company
American Power & Light Company
Railway Steel Spring Company
Mackay Cos
Calendar for Today Ex-Dividend and Payable Dates
Ex dividend notes list American Smelt and Ref in 1 percent with payable date 6 16. Delaware and Hudson 21 4 percent payable 6 20. Pitts Silver Peak Gold Mfg 2 percent payable 6 10. Books open for American Beet Sugar Co and National Lead pld. Buckeye Pipe Line and Pacific Mail 8 8 Co. Books do not close.
MENTIONED IN THIS ARTICLE
American Smelt. & Ref
Delaware & Hudson
Pitts
Silver Peak
Amer. Beet Sugar Co
Buckeye Pipe Line
Pacific Mail
Cox letters stoked Senate clash over Cincinnati strike
Senator Pomerene read a letter from Governor Cox attacking Senators Goff and Gallinger over debates on the Cincinnati streetcar strike. Senators Stone and Lodge objected to the reading as rule violation, while Gallinger and Goff replied. The letter remained in the record after Pomerene contended no rule breach occurred.
MENTIONED IN THIS ARTICLE
Washington
Pomerene
Ohio
Senate
Cox
Goff
West Virginia
Gallinger
New Hampshire
Cincinnati
Stone
Lodge
House Committees Ready for Caucus
Washington May 27 The Ways and Means Committee majority completed the committee organization today and Chairman Underwood will present the names of members of all committees to a Democratic caucus Monday afternoon.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means Committee
Underwood
No Formal Inquiry Into Secretaries Yacht Incident
Secretary Daniels announced no formal inquiry would be conducted into the May incident in Judith Sound where gunners on the Monitor Tallahassee fired at the Dolphin mistaking it for a target ship. The episode followed a misidentification that occurred last month.
MENTIONED IN THIS ARTICLE
Washington
Daniels
Judith Sound
Tallahassee
Dolphin
Also Mentioned on This Page
Kidder, Peabody & CO
Devonshire Street
On Baring Brothers & Co., Ltd
Warehouse and Railway Commission
Lewis Bros. & CO
Mason Lewis & Co
Devonshire St
Milk Street
Department of Mortgage-Certificates
Ak A
Travellers’ Letters OF Credit
St. Louis & San Francisco Railroad Co
Boston & Corbin
China Copper and Ray Consolidated
New York Market
Ray Consolidated
China Copper
Nevada Consolidated
Utah Copper
Chino and
Ray
Boston Stocks
Ayear Low
Smelt & R
Baldwin Loco
Beth Stee
Ches & Ohio
Cm&sp
CNW
Deere & Co
Erie
Fed
M&s Pf
Goldfield Con
Goodrich
Norpi
Gug'h'm
Aths
Il Central
CopCo
Harvester
Loose-Wiles
Lorillard C
Louis Nash
Te Fee
Eer Ae Colt
Mackay Pf
U 'Sp& Paes
MB Ysasttens
Nat Biscuit
Nate& Spf
Nynh&h É Ra
Nycat&Éw
Pac T&try Ig
Penn Tee
People's Gas
Pitts Coal ii
Pitts Coal Pf
Ry St Spring
Ray Coneeeeneee Oy
Rock Island Annes
Rock Island
Rumely Cooereee
Rumely Co
Tenn Copper
Texas Pacific
the Texas Co
Sol L& W Jones
Third Ave
Union Pacific
UN Pacific Pf
US Realty
Utah
Opper
Va Carhem
C&c Tr
Vale
West Union
Westinghouse Peers
W& LE of Seeee
Wis Central
Woolworth Coer
T& T
Atl Gulf
West T& T
Alaska Gold M . Ma Mg
Allouezte Teeree
Aroaiga
Tel & cl
Bos
Bos& Albany
Bos & Corbinieres
Bos & Lowell
Bos & Maine
Bos & Maine Pf
CURB
Bay State Gas
Begoleit Bi
Bohemia Ann Eeee
Butte Central Ie
Butte & Oe
Calaverage
Cactus
Peewee
Corbin Toee
Davis Dalyanee
Eagle & B'bell
Ely Witch Ee
Alaska
Kerr Lake
Standard Oil NJ
Stewart
Wettlaufer Bee
Braden Copper
Stock Exchange
Sane
Ween
Cuba
Nyc
Cumberland
del & Hud
Rfg
Den&rg
Setase
Allis-Chimers
Trust Co
Ctfs
Distil S Corp
Am Ag Chem
Erie @allien
Hide & L
Havana
Elec
L& SF
Indiana Steel
T&t
Armour & Co
Kan City
Liggett & M
Bell
Balt & O
Texas & Post
L & West
Union Pac
Cen Pacific
NYW & Bos
Chea & O
Norf & W
North Pacific
Gt Western
Wabash Ist Jeans St P Gnl
Pacifico T & T. C
Mil & St P Gnl
Penn
Sears
ORI
Seat
Olly
N. Mise. Dalai
Toledo
Peseerens
Rez
Lawrence, Mass
Atlanta
Blue Bull
Pilver Leaf
Booth Tee
Trethewey
Wettlaufer Comb Frac
Ig Dome
Dd BB
WO Socy
Florence
Dome Ex
Dome Lk
Daisy
F O'Brien
Gold
Rea Mines
PE Dome
West Dome
Crown Pt
Buffalo
Demijohn . Ag
Canadian
Gold Chain
Chamber
Ity of Cob
Idaho
Cobalt Lk
Iron Bros
Coniagas
King Wm
Crown Res
Foster
Lwr
Peauirée
Comeet
Boston Safe Deposit and Trust Company
Franklin Street
Massachusetts
Order of Boston Safe Deposit and Trust Company
Harry M. Stonemetz
Exchange Place
Alfred Codman
Charles H. Cole
Frederick L. Dabney
Ellis L. Dresel
Randolph C. Grew
Mrvees
Rte
Mary
Penesate
Metal Markets
Cleveland
Chicago Market
Canal & D
Subway
Morris
Ask
Hs&m Pf
Ill Brick
Nat Vcard
Do Pf
Swift&Co
West Stone
Tae
Uv' ‘S
W. Clarks Co
New York and
Philadelphia
Pittsburgh
Gov. Cox
Atlee Pomerene
Philadelphia Market
Am Rys
Phila Co
B& P
Phila RT
el St Bat
Asph
Daniels’ Yacht
Consolidated Stock Exchange of
N. Y
State Street
Broad Street
N.Y
Atchison
U. S. Steel
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