Monetary conditions tighten as Liberty Loan calls loom
Henry Clews weekly letter notes cash and credit strains from heavy Liberty Loan payments and mid year disbursements. It highlights gold imports from Canada, shifts in exchange, and widespread government control over industry and prices as wartime mobilization. warns of continued financial stress but outlines potential gains in rail, shipping, and overall economic activity amid a promising crop outlook and vigorous war effort.
MENTIONED IN THIS ARTICLE
Liberty Loan
Call
Time Money
New York City
Canada
Japan
Spain
Russia
Germany
United States
Red Cross
Atlan
Stock Market Opens Higher After Weekend Rally
New York stock prices rose at the open as war shares led gains. Baldwin Locomotive and United States Steel advanced, Bethlehem Steel jumped, railroads strengthened on freight rate hopes, while Sinclair Oil fell. Heavy United States Steel offerings caused some profit taking but railroads kept up the advance. Motors and shippings were weak with United Fruit the lone standout. Prices showed irregular movement as money rates held around six percent.
MENTIONED IN THIS ARTICLE
New York
Baldwin Locomotive
United States Steel
Bethlehem Steel
Sinclair Oi
Lst
United Fruit
Liberty
New York Stock Exchange Quotations 1917 Snapshot
Report of NYSE quotations from Bridgeport private wires dated June 25 1917 at 1 30 pm. Lists prices for Allis Chalmers Am Beet Sugar Am Car and Fdy Am Can Am Locomotive Am Smelt and Ref Co Am Sugar Refining Co Am Woolen Am Zinc Atl Gulf and West Indies Atch T and S F Anaconda Baldwin Bethlehem Steel Brooklyn Rapid Transit Butte and Superior Canadian Pacific Chino Chesapeake and Chi Col Fuel and Iron Corn Products Critible Steel Cuban Cane Sugar Del Hudson Distilleries Security Erie General Electric Goodrich Great Northern Great Northern Ore Green Cananea Illinois Central Inspiration Copper International Nickel Interborough Consolidated Interborough Cons ptd Interboro Mer. Marine Inana Paper Kansas City Maxwell Mex Petroleum Midvale Miami Copper Norfolk and Western Northern Pacific N Y Central N Y Ont and West Pittsburgh Coal Pennsylvania Pressed Steel Car Reading Repub Iron and Ry Steel Spring Sinclair Oil Sloss Sheffield and Southern Pacific Southern Railway items with percentages listed for many stocks.
MENTIONED IN THIS ARTICLE
Allis Chalmers
Car & Fay
Smelt. & Re. Co
Sug. Rerg. Co
Atl
Guif & W. Indies
Atch. T. & S. Fe
Baldwin Loco
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