West Florida Seeks Railroad Route To Inland Coast
A Florida committee proposes a west coast railroad corridor from Pensacola to the Gulf, aiming to tap Santa Rosa Sound Choctawhatchee Bay and adjacent waterfront lands. The plan mirrors investments that built the Seaboard lines, seeking land pledges and local development to attract a railroad company. The route would pass through historic coastal resorts and rich agricultural backcountry, boosting cross-state trade and tourism.
MENTIONED IN THIS ARTICLE
Neagcoa
Fla
May
West Florida
Mata
Nake
Victores
Santa Rosa Sound
Choctawhatchee Bay
Bosworth
Seaboard Airline Railway Company
Chocowhiehee Bay
Florida
Alabama
Georgia
Conte
Italy Signs Treaty With Czechoslovakians
Rome May 31 Premier Mussolini and Dr Adelbert Nastny Czechoslovakian Minister to Italy signed a civil and commercial accord. The treaty provides for extradition of criminals, protection of citizens, and reciprocal civil and commercial privileges. The article notes social unrest amid claims of aristocratic heirs.
MENTIONED IN THIS ARTICLE
Rome
Mussolini
Adelbert Nastny
Tealy
Review of Financial Conditions in The Situation bulletin
A June issue summary notes current developments of interest to investors in The Situa tion monthly bulletin. On request, copies are available. Hemphill, Noyes & Co. members of the New York Stock Exchange, with city offices listed.
MENTIONED IN THIS ARTICLE
Hemphill, Noyes & Co
New York Stock Exchange
City Savings Bank
Bridgeport
Barman
wYork
Philadelphia
Boston
Pittsburgh
Baltimore
Syracust
Scwmitote
Plate Glass Firm to Be Reorganized in New York
Plans approved to reorganize the Tiverstats Winde Hass company and its properties. A new firm, Interstate Window Glass corporation, will be formed with a 292 stake, 15 year 6 percent bonds, 18,006 preferred shares, and 350,000 common shares. a $12 per share assessment on old stock will be levied.
MENTIONED IN THIS ARTICLE
New York
Tiverstats Winde Hass Company
Cradiform Storkholéeca
Bondholiers
Interstate Window Glass Corporation
Yale Comanon
Safety measures cut accident toll by eighty percent in steel plants
A 1926 United States Steel Corp safety report praises extensive spending on safety sanitation and welfare. It cites 46,000 saved from death or serious injury and 322,090 others from disabling harm over 14 years, with total expenditures near 150 million dollars for safety programs.
MENTIONED IN THIS ARTICLE
New York
United States Strets Corporation
Steel Corporatwu
Bureau of Safety, Sanitation and Welfare
Safer Movement
Arthur William Kent
American Muse Safety
United States Steel Corporation
Ames L. Close
Bureau of Safety. Sanitation and Welfare
Gary
Industrial Safety Movement
Second Quarter Steel Earnings Forecast Split
The steel industry will run another month before winding up the second quarter. Analysts expect June production below average but foresee Steel Corporation earnings for Q2 higher than Q1. Estimates range from 34 to 48 million dollars, equating to around 4 dollars per common share after dividends.
MENTIONED IN THIS ARTICLE
Financial
Fiat
Dorent
Confusion Over German Steel Duty Report Sparks Importer Concerns
The Iron Age reports Treasury findings on special duties affecting German bounty-paid steel, causing importer confusion. Enforcements could cut German steel imports except occasional shipments from Friedrich Kringe A. G. A large importer warns of hundreds of thousands of tons tied to contracts through three to four months, risking liquidations or shifts to Belgian French or Luxembourg steel. Some importers seek German syndicate withdrawal of bounty, or suspension of exports to the United States. others argue treaty provisions and most favored nation clauses justify protest against price competition.
MENTIONED IN THIS ARTICLE
Treasury Department
Cerman
Luxemburg
United States
Europe
Maritime Provinces seek relief as trade commission opens inquiry
The royal commission appointed by Canada’s governor general to probe Maritime grievances begins a national review of economic factors affecting Nova Scotia New Brunswick and Prince Edward Island. It follows calls from legislatures and trade groups over port use railway rates and grain shipments amid alleged discrimination against eastern seaports Halifax and St John. Sir Andrew Rae Duncan chairs with W B Walpita of Nova Scotia and Cyrus Macmillan of Mount Allison University as members.
MENTIONED IN THIS ARTICLE
Tialpax
Governor General of
Canada
Maritime Provinces
Nova Scotia
New Brunswick
Prince Baward Island
Pring Clpe
Canadian National Railways
Intercolonial Railway
Mayitime
Central
Prairie
Halifax
St. Juhn
Maritime Province
Andrew Rae Duncan
England
W. B. Wal- Pita
Cyrus Macmillan
Meth University
Germany trims domestic borrowing and shifts funding
Germany reduced overall financing this year as domestic borrowing rose at a slower pace and foreign loans tightened. In a climate of capital realignment, London and Zurich markets receded from lending, while German rates remained lower at home, guiding municipalities and corporations toward local funding amid a broader European tightening.
MENTIONED IN THIS ARTICLE
Germany
New York
lLonden
Vietland
Switzerland
European
New England Business Activity Falls in April Report
A Boston Federal Reserve summary details April recession in New England. Indices show activity at 101.9 from 1922-29 average, with two thirds of major industries down, including shoes and textiles, while construction contracts rose and retail trade edged higher.
MENTIONED IN THIS ARTICLE
Boston Federal Reserve Bank
Boston
Massachusetts
Disb i
London Money Rate Statement May 31 Conso for money
London money rate statement shows Consols for money at 3 4, Be Keers 1 3 4, Rand mines 2 8 4, Bor silver 30 1 16d per ounce. Money 4 1 2 percent. Discount rates short bills 4 16 percent. Three months 13 16 percent.
MENTIONED IN THIS ARTICLE
London
Consola
Imonty &G
Be Keers
Rand Mines
Bor
Montia
Canadian Exports Increase Faster Than Purchases
Canadian exports are rising faster than imports, boosting the favorable trade balance. For the year ending April 1926, exports surged by about 8 percent above 1925, while imports grew 15 percent. Wheat and agricultural products led the gain, with notable increases in animal and vegetable exports, wool, paper, and non metallics, while textiles and prints declined.
MENTIONED IN THIS ARTICLE
Ottawa
Arm Proa
Dominion Bureau of Statistics
Shipping News New York May 31 Report
Ships arrived in New York on May 31 including Asani Plymouth and Ilambueg from various ports. Sailed: Minnekohda from New York on March 31 and Key London.
MENTIONED IN THIS ARTICLE
New York
Asani
Plymouth
Rom Afontreal
Hamburg
Ilambueg
California
Alacron
Minnekohda
Key London
May Establishes Output Record Commerce Dept
New York report from the Commerce Department outlines monthly and April in the country’s business outlook. It notes higher production this month than April and that April’s output exceeds wartime totals. The stock of merchandise on hand fell versus last year, while advance orders and rail traffic trends align with other surveys.
MENTIONED IN THIS ARTICLE
New York
Atay
Unis
Department of Commercce
Vass
Huetlan R
Rubber Imports Show Rapid Growth Through Early Year
The chart traces rubber import growth since January, rising from about 8 percent of total import value to just over 18 percent by March. In 1925 rubber imports totaled 519 million, while cotton exports were lower. through the first quarter this year, cotton exports dropped about 40 percent versus 1924, while rubber imports remained sizable, with a small excess value compared to cotton-based imports.
MENTIONED IN THIS ARTICLE
Janner
Fell
Cutten
Yatues
Tin to be mined on Western Coast
Corona California May 31 The Temescal tin mine on the western coast reopens after twenty five years of inactivity The mine which yielded ore since 1850 was closed by English owners in 1892 because of low metal quotations in New York It passed to a London company in 1890 and was owned by Sir Henry Balfour and Sir John Soken A newly organized American company has resumed operations
MENTIONED IN THIS ARTICLE
Corona
Cal
Temescal
New York
Henry Balfour
John Soken
Congress And Railroad Legislation Seem to Stall in Congress
Railway men admit time has passed for railroad legislation this session. A slim chance remains for the Merritt or railroad bill to slip through last minute, but opposition grows as legislators, after the Watson-Parker act, distrust proposals backed by railroads in a session where farmers see little progress.
MENTIONED IN THIS ARTICLE
Cada
Railroads and Rates Debate At Interstate Commerce Panel
Railroads and utilities press for higher returns while Western farmers urge lower charges. Rails seek 1 4 percent on valuation as New York Telephone advocates 7 percent as inadequate. Interstate Commerce Commission hears testimony from Western railroad supporters and farmer representatives on appropriate rates.
MENTIONED IN THIS ARTICLE
Western Railroads
Pote of
New York Telephone Company
Western Farmers
Interstate Commerce Commmission
Concrete Block Makers Consolidate Into Single Firm
New York May 31 The consolidation plan of the National Concrete Products Corporation was declared operative. Announcement by Charlee P. Flint and George L. Renbow for Flint and Company Inc and Rufus Waples and Company of Philadelphia. Girard Trust Company of Philadelphia to act as trustee. transfers based on May 31 appraisals of plants and inventories. The cinder block industry has grown under Straub and Baltimore patents and reached 60 million fire resistant blocks in eight years. the company now uses 1,000,000 tons of raw material annually. Purchase of the Warner patents also announced.
MENTIONED IN THIS ARTICLE
New York
National Concrete Products Corporation
Charlee Pt
Flint
George L. Renbow
Flint and Company Inc
Rufus Waples and Company
Philadelphia
Girard Trust Company
Trortega
Filgt
Straub
Baltimore
the Inc
Warner
Also Mentioned on This Page
New England
Federal Bank of Boston
West Coast
HTALY
Hfe
Meehold Furpicture
Dale
Fidelity Loan Corp
Middie Lee Corser
John Stes Lhivensed
Hea State We Connecticut
Plate Glass Firm
U.S. Steel
Philip N. Miller
Conn
First National Bank
Barnum
William L. Keating
C. P.A
Chicago
San Francisco
Los Angeles
Wall Street News
Financial District
New York Produce Exchange
Wall Street
Federal Reserve
Dutis
End Mar
Slantiaga
Standard OL of
New Jersey
Dhatie Company
Shipping News
Commerce Dept
Sheen
Congress and Railroad
Railroads and Utilities
Plan of National Concrete Products Company
Weetgore
Fairfield
Stretford
Milford
Guaranty and Trust Co
T National Bank Ltdg
Coan
The
Colonial Pond and Morgage Company
Chapel Street
New Haven
Connecticut
Colony
Connreticut Bank
Commusero
American Bon & Mortcace Co
Sarahiahad
Arma
Madison Avenue
New York City
Charles I. Crosby Investment Securities
Telephone Barnum
Speng
State Banking Commissioner's
Superv
S.on
Cath
Noble Zita
England Equity Corporation
Franklin Alock
Stvif Stirert
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