Chinese Government Guaranteed Loan Secured by Tax Revenues
The note details a 5.5 million dollar direct liability of the Chinese Government, secured by a first lien on Goods Taxes from four provinces and revenues from Tobacco and Wine Public Sales Tax. The 1919 1920 budget projects 4,911,692 Chinese dollars from goods taxes and 14,514,992 Chinese dollars from tobacco and wine taxes, with net gold equivalent at least 5.5 million dollars for loan service.
MENTIONED IN THIS ARTICLE
China
Continental & Commercial Trust and Savings Bank of Chicago
Republic of China
Tobacco and Wine Republic
Stets Lansing
Market Summary Then Noted Gains On Stocks And Bonds
Comprehended the other outstanding stocks advancing 4 to 20 points. Sales totaled 1,950,000 shares. Bonds were irregular on smaller dealings with no especial feature. Total sales par value reached 18,375,000 dollars. Old U. S. bonds remained unchanged on call.
MENTIONED IN THIS ARTICLE
U. S
Money Market Current Rates Listed
Current prices show brokers' customers' loans at 6 percent, outside brokers' call loans at 6 percent, brokers' commercial loans at 8 percent, individual customers' collateral loans at 6 percent, and commercial paper from 5 1/2 to 6 percent.
Market Advances Sharply as Investors React to Steel Rally
Yesterday the market rose with heavy volume as industrials set a new yearly high. U S Steel led New York activity at 225,900 shares while Republic Steel and Bethlehem also gained, despite a late call money spike to 19 percent and ongoing coal-mining injunctions.
MENTIONED IN THIS ARTICLE
New York
Call Soans
Republic ¥Ron
Lackawanna and
Gulf States Steels
Pressed Steel Car
Baldwin
Worthington
Otis Elevator
Chicago
Reublic and
Stutz Motors
U. S
American Woolen
May Department
International Paper
American
Boston
U. S. Steel
Nat. Leather
Bears
Republic Tron & Steel
Lackawanna
Bethlehem and Steel
Steel
Bethlehem
Crucible
Republic
Fairbanks
United Drug, Fruit and Smelting
Davis- Daly
Eastern Steamship
Market Schemes and Insider Tactics Shape Stock Moves
Financial notes describe how tips trigger moves in favored stocks, with insiders buying ahead then selling to lock profits. It recalls mass psychology in Mass Electric and steel stocks, noting pools and divergent views within firms and families on future direction.
Reorganization Plan for Montgomery Ward & Co Inc Outlined
A reorganization proposal under Illinois law plans to issue 1 million new no par value shares to raise working capital. United Retail Stores Corp and affiliates acquire 850,000 shares, with rights to a holding company, while 150,000 shares go to officers and employees. Creditors may receive partial settlements, and a stock restructuring replaces 4,000 old shares with 200,000 new no par shares.
MENTIONED IN THIS ARTICLE
Montgomery Ward & Co., Inc
Illinois
George J. Whelan
United Retail Stores Corporation
W L Douglas Shoe Company Plans Large Preferred Stock Issue
The company will authorize 1 500 000 in 8 percent preferred stock, 1 250 000 of which will retire deferred indebtedness while 300 000 cash remains for other use. Domestic and export demand for shoes soars, with 16 000 pairs produced daily and six months of capacity ahead. Net earnings over four years average nearly four times dividend requirements on 25 000 shares of preferred. Further, preferred stock is raised from 2 500 000 to 5 500 000 to fund extensions. common stock stays at 1 000 000. The plan includes applying for listing on the Boston Stock Exchange.
MENTIONED IN THIS ARTICLE
Crucible
Republic
Bethlehem
Saxon Motor
Protective Committee
New York
W.L. Douglas
United States
Stock Exchange
W. L. Douglas
Europe
Asia
W. L. Douglas Shoe CO
Brockton
Mass
W. Lt. Douglas Shoe Company
W. L. Douglas Shoe Company
Boston Stock Exchange
Mining Stocks Advertisements Under Scrutiny in Boston
The Boston Advocate warns mining company ads may face investigation for failing to file required reports with the Commissioner of Corporations. It names Imperial Seven Metals and Denbigh, noting Denbigh did not file. Officers are cautioned to avoid advancing prices or promoting mine prospects without compliance.
MENTIONED IN THIS ARTICLE
Commissioner of Corporations
Imperial
Sseven Metals
Denbigh
Also Mentioned on This Page
Continental and Commercial Trust and Savings Bank
Treasury
Secretary of State of the United An of America
Department
Messrs. Mayer, Meyer, Austrian & Platt of
Bond Department
THE
Goodyear Tire & Rubber Company
Coburn, Kittredge & CO
State Street
Fort Hill
New York Market
Money Market
Steel and Bethlehem
Republic and Steel Common
American International
United States Rubber
Financial Editor
Electric
Atlantic Gulf
Montgomery Ward, & Co
Reor
Ganization
A. W. Lincoln & CO
Postoffice Square
Massachusetts
New Hampshire
Vermont
Connecticut
W.l.douglas Shoe CO
Massachusetts Corporation
Brockton, Mass
W.L. Douglas Shoe CO
Brockton, Maas
W.L. Douglas Shoe Company
Calumet & Ari
Gulf States St
Cerro de Pasco
Haskell & Bark
Illinois Central
Es & Ohio
Mil & St P
Interobor Con
Hm St P Pf
Interboro C Pf
Chi & N’west
Int Harvester
Chi Pney Tool
Col Fuel & Iron
Columbia Gas
Jones Bros Tea
Kan City
Con Gas
del Lack & W
den & Rio G
Elkhorn Coal
Fed Min & &m
Fisher Body
Fisk Rubber
Freeport-Tex
Gaston W
Ian Gosaenee
Alaska
Staes
Car & Fy
Car & Fy Pf
Cotton Cie
Hide & Lea
H & L Pf
Pt Toaeees
Inter Corp
Leco Neta Ween
Ship & Com
Am &m & Repf
Sumatra
Tel & Tel
Ann Arbor
Annoes Otis
T& SF
AGS WI
Baldwin Loco
Balt & Ohio
Bethvilas
Beth Motor
Beth St’l
Beth Steel
Booth Wisheries
Brook Ruper
Brook UN Gas
Burns Bros
Cop & Z
Butte & Super
Cenornia
H. F. Wells
Court. Square
Congressional Oil
Real Oil
Bank
Rock of Gibraltar
Wichita Trust Company
Securities Exchange
Denver
Exchange St
Imperial Silver
Perfection Tire
Allied Oil
OPHIR
Lawson
H. Fay & Co
State St
Long Horn of Co
Clark & Curtiss
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