No Federal Funds for Railway Notes Urges Extension
President Curran of the New Orleans Railway and Light Co asks noteholders to extend $4,000,000 of two year 6 percent debentures due today after War Finance Corporation refused to lend. He warns failure to extend could force a receiver and notes a potential precedent for other war finance cases. Wall Street reacts to the refused refinancing and broader implications for utilities and transit firms.
MENTIONED IN THIS ARTICLE
New Orleans Railway and Light Company
D. D. Curran
War Finance Corporation
Curran
War Finance Corfon
Washington
Orleans
Wall Street
War Finance
Brooklyn Bid Transit Company
Amend Tax Deposit Rules Relaxed for Tax Payments
Treasury regulations issued last fall on deposits of income and excess profits taxes have been amended. Taxpayers already qualified with sufficient funds need not file new applications to deposit taxes, but may request deposits by notifying the Federal Reserve Bank in their district. Deposits will be linked to Treasury securities and credit is to be drawn from unexpended proceeds, with interest at 2 percent per year.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Treasury Department
Sufmt
Iso New Federal Reserve Bank of
Cist
United
Treasury
United Tes
Internal Revenue
Secretary of the Treasury
Receipts and Revenues Reported in May From NY Timers Dispatch
A distorted May 31 U.S. report in The New York Times lists receipts and revenue figures across multiple lines. Totals and various accounts such as profits and expenses appear as scattered numbers, including several large sums like 519,495,872 and 5161,960,759, suggesting a summary of finances but with data scrambled and partially unreadable.
MENTIONED IN THIS ARTICLE
New York
Washington
Financial and Banking Notices From Early 20th Century Ledger
The New York Coffee and Sugar Exchange stayed closed yesterday and will reopen Monday. Harrie Trust and Savings Bank and Firet Trust and Savings Bank of Chicago bought 2 million dollars of six percent tax anticipation certificates of St Paul county offering five percent yield. New Jersey Zinc declares a four percent extra dividend payable June 10 to stock of record June 1. Personnel moves include Charles F. Gardner joining Hemphill White & Chamberlain, Clifton K. Wells joining Guaranty Trust, Harvey H. Robertson named Assistant Cashier at Chatham and Phoenix National Bank, and Charles W. Gerstenberg reelected president of the American Association of Financial Statisticians with J. Harriman Eleanor Kerr as vice presidents.
MENTIONED IN THIS ARTICLE
New York Coffee and Sugar Exchange
Harrie Trust and Savings Bank
Firet Trust and Savings Bank of Chicago
Cty
St. Paul
New Jersey Zinc Company
Charles F. Gardner
Harris Forbes & Co
Hemphill, White & Chamberlain
Clifton K. Wells
Continental Trust Company of
Baltimore
Guaranty Trust Company
Harvey H. Robertson
Chatham and Phoenix National Bank
Charles W. Gerstenberg
American Association of Financial Statisticians
J. G. Harriman
Eleanor Kerr
Arthur Batty
H. M. Jacoby
Marine Stock Soars as Directors Meet Board Gathers News
International Mercantile Marine stock and bonds rallied as a special board meeting coincided with rumored progress in selling the British subsidiaries. The preferred stock closed up 4.5 points, common up 6.75 points, and bonds rose to 101.25 as investors eyed a potential $125 million sale of ships, docks, and properties.
MENTIONED IN THIS ARTICLE
International Mercantile Marine Company
New York Stock Exchange
Por
Franklin
International Mercantile Marine
New York Firms Chartered in 24 Increases and Names
Twenty four new corporations with aggregate capital stock 2 505 500 were chartered in Albany on May 31. Firms include A C Autorege Co Manhattan 10 000 M A Corkins J J Smith H N Utter Brooklyn Andress. Smith Utter. Senatorian Printing and Publishing Co Brooklyn 5000. Liberty Leather Co Manhattan 5000. Lazarus Co Manhattan 500 000. Commercial Union of America Manhattan 1 000 000. Bridgeport Tube Works Manhattan 400 000. Allied Agencies Inn Manhattan 50 000. Staley Nelson Co Buffalo 100 000. Anchor Can Co Manhattan 10 000. Increases list Van Neugass Co Manhattan 15 000 to 60 000 etc. Name changes include Rosenmeyer to Rosenmeyer Schwa and McKinney Corp. Revocation designate Fox River Butter Co new representative C P Gearon 78 Hudson St. Dissolutions listed H E Lazarus Raincoat Co and others.
MENTIONED IN THIS ARTICLE
Albany
A. & C. Autorege Co
Manhattan
M. A. Corkins
W. J. Flynn
H. G. Andress
Smith & Utter
M.*campbell
J. J. Smith
H. N. Utter
Brainbridge St
Brooklyn
Senatorian Printing and Publishing Co
C. EB. Caswell
J. A. Whittenour
A. FE. Briggs
Putnam
Liberty Leather Co
L. Rotter
B. Gerst
Webster
Brena
EB. Lazarus Co
T. J. Mitrou
N. P. Antoniades
Riverside Drive
Wartray Water Co
Buffalo
EK. P. Pattison
J. T. Phillips
H. D. Williams
Puffato Joseph Hayes Co
Haverstraw
W. G. Whitt
J. Hargreaves
A. P
F. &. Marsell
J. Fitzgerald
Rosenmeyer & Eer
Rosenmeyer & Schwa
McKinney
McGuIre Cone. Co
Niagara
John F. McKinney Corp
Fox River Butter Co
C. P. Gearon
Hudson St
H. E. Lazarus Raincoat Co
Korper & Co
Allied Tours
Greenfield Auto Painting Co
Gouverneur
A. Bhilting
Queens Planet Overseas Corp
Charters Filed With New Jersey Firms and Partners
Trenton May 51. Charters filed in New Jersey for Limestone Quarries Belvidere $100000 Aaron D Keller William F Glose Denice C Reilly Bethlehem Charles A Dahike Belvidere Brody Electrical Manufacturer Hoboken $10000 Abraham P Terk New York Max Cohen and Edythe Cohen Union Hill Palder Metal Works East Orange $100000 Moses Ieberman West Orange Hyman Bach man Orange Louisa Derman Elizabeth Economy Fapreas Co Newark $25000 Max Black Tionel Mey era Benjamin Rosenstein Newark Independent Co operative Tailoring Co Newark $5000 Otavio De Gregorio Vincenzo Silone Francesco Celano Newark Essex Mfg Co Newark $25000 Minnie M Gardner New York William H Neefus Orange John LD Neefus Newark Motor Truck Salos Co Newark $28000 William F Dunkinson John D Neefus Garfield Gifford Newark
MENTIONED IN THIS ARTICLE
Trenton
New Jersey
Hbelvidere
Aaron D. Keller
William F. Glose
Denice
Orange
Louisa Derman
Elizabeth
Economy Fapreas Co
Newark
N. J
Max Black
Tionel L. Meyera
Benjamin Rosenstein
Independent Co-operative Tailoring Co
Otavio de Gregorio
Vinecenzo Silone
Francesco Celano
Essex
Mfg. Co
Minnie M. Gardner
New York
William H. Neefus
John LD. Neefus
Motor Truck Salos Co
William F. Dunkinson
John D. Neefus
Garfield Gifford
Companies Seek Capital Increases Across Regions
Special to The New York Times from Dover details charter filings and capital changes. Firms include Reare Fletcher Transportation Company seeking $500,000, Yonkers firm Trammel Creek Ol Company at $100,000, and Bernard Mining Company boosting capital from $1,000,000 to $1,500,000. Names and places span Philadelphia New York Wilmington Karlington and Wilmington Consolidated Motor Truck Company with various officers listed.
MENTIONED IN THIS ARTICLE
Dover
Fletcher Transportation Company
Hansell
J. Vernon Pimm
Seymour
Philadelphia
Trammel Creek Ol Company
Yonkers
N. Y
Henry
Meranda
Theodore F. von Don
M. Halsted
New York
di Georgia & Co
Frutta
Charles B. Bishop
I. A. Brownhill
Wilmington Consolidated Motor Truck Company
Cl. Pimtinger
M. M. Clancy
F. A. Armstrong
Wilmington
Bernard Mining Company
Karlington
Dredging in San Juan Harbor Sealed Bid Notice
United States Engineer Office invites sealed proposals to dredge San Juan Harbor P R and fill adjacent swamp lands. Documents available by application. Proposals accepted until 12 M. June 29, 1918 at Room 1131 South Ferr Building 44 Whitehall Street New York City.
MENTIONED IN THIS ARTICLE
United States Engineer Office
South Ferr
Whitehall Street
New York City
San Juan Harbor
May NYSE Transactions Show Rise in Stock Volume
May stock activity on the New York Stock Exchange totaled 21,104,078 shares, up from the prior month and the year. Eight million share days occurred with 1,782,400 shares on the 16th, the heaviest since February 1, 1917. Bond dealings rose to 166,478,000 total across government, state, and city bonds, with weekly totals and daily averages listed for comparison to 1918 and 1917.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
JO Drs Aig
Sroe Avs
Kianlie Ga Bo
Cotton Market Sees Renewed Demand Amid Bearish Outlook
The cotton market opened with July futures up briefly on demand but soon slipped as new crop months held steady and then declined. Spot prices weakened with a 55 point drop in middling, while government crop forecasts and week totals hint at a larger supply next fall. Export and port data show sizable activity and heavy labor market indicators across key markets in New York and Liverpool.
MENTIONED IN THIS ARTICLE
Cotton Exchange
Liverpool
Galventon
New Orleans
Savannah
Augusta
Memphis
uOc
Little Rock
N. Y
Siggka
Mit
WN. OY
New York Cotton Exchange
Peldverpool Cabler
Manchester
Railway earnings and totals amid war taxes and separations
A collage of railway and utility income figures for multiple lines and companies. Highlights include Pennsylvania System East and West totals, net railway operating income, lines East and West overviews, war tax accruals, and related balances for April 1918 and prior years.
MENTIONED IN THIS ARTICLE
T Railway Oper. Inc
Railway Oper. Inc
renta—Dr
Oper
Lem Traliwey Oper. Inc
Weather in Cotton and Grain States
Forecast for multiple states: fair and warm in North Carolina Georgia and Kentucky with Saturday and Sunday outlooks. Tennessee Illinois Indiana Michigan Oklahoma and Texas show varying skies with showers and cooler conditions by Sunday.
MENTIONED IN THIS ARTICLE
New York Times
Washington
N. C
N . Pia
Aja
Tenn
Ind
Mich
Okia
Tex
Canadian Car and Foundry declares extra dividend on preferred stock
Directors of the Canadian Car and Foundry Company declared a 3 percent dividend on the preferred stock payable July 15 to shareholders of record June 15. This doubles the prior quarterly payout kept through June 1914. President Curry cited deferred dividends on the preferred stock as the reason.
MENTIONED IN THIS ARTICLE
Canadian Car and Foundry
Canadian Car and Foundry Company
Curry
Bank of France weekly statement details changes
The Bank of France weekly report lists changes in gold, notes in circulation, treasury and general deposits, till discounts and advances. It notes gold in hand up, bills in hand down, notes in circulation up, treasury deposits down, general deposits up, and advances increased.
MENTIONED IN THIS ARTICLE
Paris
Bank of France
France
Virginian Railway Posts Higher 1917 Profits and Expanding Network
The Virginian Railway Company report for 1917 shows gains in gross and net operating revenues and in operating and net corporate income compared with 1916. Net income equates to 4.61 earnings per share on 31,271,500 common shares, amid ongoing property improvements and expanded capacity.
MENTIONED IN THIS ARTICLE
Virginian Railway Company
McAdoo
Huntington
Virginian Railway
Bolivia and U S bond notices on six per cent loans
Public notices announce Bolivia external six per cent sterling loan of £500000 with a January 2, 1918 drawing, payment terms via J P Morgan Co and Morgan Grenfell in New York and London. Also details on Standard Gas and Electric sinking fund bonds and Poulsen Wireless redemption notice for Federal Telegraph bonds due July 1, 1951.
MENTIONED IN THIS ARTICLE
J. P. Mor & Co
Senor
Adolfo Ityian
Republic of
Bolivia
Thomas Cochran
J. P. Morgan & Co
Edward &. Pegram
New York
Bonds For The Sinking Fund And Related Notices
Several financial notices from 1918 detail bond purchases and sinking fund calls. Pennsylvania Company aims to buy WFiet Mort Collateral Trust Four and One-half Cent bonds maturing 1921 for about 990,959 dollars, via sealed bids to The National City Bank by June 2, 1915, delivery set for July 1, 1915. The Toledo, Columbus & Ohio River Railroad plans sinking fund purchases of First Mortgage 4 1/2% bonds of The land & Marietta Railway Company totaling 12,680 dollars, with bids due June 29, 1918. Also listed are transfers of stock certificates, dividend-related notices, and an annual meeting notice for Diamond Disc Tobacco, Inc, with secretary Stephen Lambert.
MENTIONED IN THIS ARTICLE
Standard Gas & Electric CO
Perent
Standard Gas and Electric Company
Philadelphia Trust Company
Chestnut Street
Philadelphia
Henry I. McCloy
Assaslant
Federal Telegraph
Office of
Commercial Trust & Savings Bank of
Prescott, Arison
TRUST
Savings Bank OF
Prescott
Arizona
Pittsburgh
Pennsylvania Company
Wfiet Mort Collateral Trust
National City Bank
New York City
Orain
Meir
Farmers’ Loan
Company
T. H. B. McKnight
TOST
Virginia Carolina Chemical Company
Tock
S&lst
Wiliam Addison Field, Jr
Virginia-Carolina Chemical Company
Aaid Company
Richmond
Dividend notices from several firms dated 1918 issued to stockholders
Directors announce quarterly dividends on common and preferred stock from United Drug Company Public Service Company American Beet Sugar International Salt Company and other firms. Dividends are payable July 1 1918 to stockholders of record mid June 1918. Transfer books close for some firms.
MENTIONED IN THIS ARTICLE
Westinghouse Electric & —— Company
Pittsburgh
Bof W. Fleetric & Manufacturing
of Westinghouse Electric & M Company
Allegheny County
Vania
Velock A. M
Board of Directors
James CC. Bennett
Te Pary
McKinley-Darragh-Gray
Mines OF Cobalt, Ltd
Harper Sibley
Toronto
Ontario
United Drug Co
Rave
James C. McCormicck
Boston
American Public Service
Purbile Service Company
Thie Company
Payan
Tak
Clessess
Edward J. Dotlal
Co. Duph
Tat
International Salt ComPany
Rector Street
Thia Company
We Atock
William H. Barnard
Ched R. Ht
Temon
Also Mentioned on This Page
Wall St
Treasury Statement
Musnicipsa
Mie
Atr
Reeks
Que
Can
N. Fre
Norweg
I. Aus
Ark
R. B.S
B&o
Beth S Corp
Ina
K.C. Ter
Louis.g. Ek
C. K.br.s
Lone
Morgan & KS Pep
Vale Vets
Kead, T
San Oer
Southern Rys
Ureh United
Mary Aseves
Ewes Eeus An
Aloo Wn
AAY Hiol
Alas A
Aes
Teewaas
Eaneer
Chunteee
Il Ween
U.S
ILO L&t
Reese
Seeeeee
Eeeseee
Aevere Q
Eeeuwtte
Isi Baeeeee
Ipis
Financial Notes
Financial District
York Times
van Neugass & Co
Storm & Bull, Inc
F. H. Cobblo
Cortland
Genesee Provision Co
Rochester
Greenwald & Altman
Ualesco, Inc
Joe Lowe Co
Good Laboratory
Bronx
Arthur J. Lacroix
Manhat
Delaware Charters
MAY
Public Utilities
Nevada-California Electric Corporation
Mibetdiary
Tp Oyate Company
Marc
Chrga
Republic Railway & Light Co
United States Realty
Improvemont
Baltimore Stock Exchange Rales
Davison Chemicalate
Enews
Gan
United Income
United Railways
Weaas
Coaden & To
Houston
Sete Erste Eave
Fidelity & Deposit Ewer
Mt. Vernon Mills
Mér
Mech
Fidelity
City
Ovie
Nat
Dank
Raitimore
Cinae
Avenee
Eeate Se
United States
Capital Issues Committee
The
Federal Reserve Board
City of Philadelphia
Pennsylvania
Act of Congress
Thomas B. Smith
John M. Walton
John P. Connelly
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
Forty-first Street
London
Federal Reserve Bank and
New York Clearing House
Charles E. Gardner
Wall Street, New York
Republic of Bolivia
New York Sun
London Times
Morgan, Grenfell & Co
Tesoro Nacional DE Bolivia
F. H. Gutierrez, L
Poulsen Wireless Corporation
Second Avenue Traction Company
Mortagage Fonds
Messra Brown Broa. Co
New Yer
J. Brauns Jr
Borough of Manhattan
City of New York
Oscar A Woodatr
Mann Spiegel
Edward Sisiiegel
Max Bpiegel
Strand Theatre Building
Aaid
Max Siegel
Max Spiegel
Fedward Spiegel
Thomas T MacMahon
Broadway
International Gpnepceae Marine Compas
JUN Srd
National Mercantile Marine Co
Prinetgel
Hudson Pany Towark
Hoboken
County of Hudson
Niance
Comacs
Emerson B. Parvin
Manufacturers Trust Company
Celal
Brecklynough
Facturers Trust Company
Wi Bank
West Side Bank
Man Trust Company
Ealders
Athan
Jonas
James H. Conroy
Diamond Disc
Tuck, Inc
Fe &Th
Ted
Stephen Lambert
Aid Coetitienken
National Anfirm Chem. Co. Pfd
Steck
National Aniline Chem. Co. Com
Beckers
de l'Aigle Reese
Louise de Ss
United Drug Company
General Chemicals Company
Broad Street
Ibst
Lancaster Morgan
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