Wall Street Topics and Market Movements Summary
Wall Street topics dominate trading as markets track indicators and financial news. Analysts note shifts in indices, sector performance, and investor sentiment shaping daily activity.
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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Jun 08, 1918
Page
15
Wall Street topics dominate trading as markets track indicators and financial news. Analysts note shifts in indices, sector performance, and investor sentiment shaping daily activity.
Wall Street moved mostly down as traders weighed Secretary McAdoo’s war‑cost funding ideas and steel allotment orders. Steel and railway shares fell while call loans rose. June crop prospects improved with a forecast of near historic wheat yields and tax payments likely shaping liquidity.
The page lists government bond offerings and daily sales across 1918 with total sales figures and rates for Liberty and other U S issues. It shows bonds by series, amounts, and pricing figures reflecting an active market day in New York City.
A fragmented OCR text mentions wiretapping and payment rights with unclear names and dates. The readable parts reference legal or investigative language around rights to pay, but specifics are obscured.
Public notice announces the authorized issue of thirty Miller Convertible Sinking and Gold bonds maturing December 1 1928 and a trusted fund balance of 4964 507.55 to be offered at a price not exceeding par plus a five percent premium. Offers are to be addressed to the Trust Company Trustee in Philadelphia and received by 3 p m July 3 1918.
London and Paris market report notes ample money supply and easy discounts with short term notes in demand. Port of Para bonds rise three points on imminent interest payment while oils and small cap mining shares show strength. Paris Bourse trading is quiet with three percent rentes at 66 francs and London exchange at 27 francs 16 centimes.
Federal managers of railroads for the Southern region were announced today by B. L. Winchell, Regional Director. Appointments include r. H. Coopman for the Southern Railway System Georgia Southern & Florida Railways Alabama & Vicksburg Railway plus Clinchfield & Ohio Railway lines. D M Kittle assigned for Illinois Central Yazoo & Mississippi Valley Gulf & Ship Island railroads with offices in Chicago. Ww. L. Mapother named for Louisville & Nashville Railroad with office in Louisville.
Washington reports the appointment of Federal managers for Southern lines with Harrison of Southern and Milton H. Smith of Louisville & Nashville as chief operating officers. They remain presidents of their companies and are paid from corporate funds. Replacements include Samuel Rea and Daniel Willard. more Eastern and Western road appointments expected.
The Lancashire cotton trade faces drastic cuts with new limits after June 10. Spindles may run only 5 percent for 40 hours weekly for American cotton mills, while Gypton and mixed mills face 80 and 40 hours respectively. Weaving sheds must follow government orders, restricting output.
A long excerpt lists bid and asked quotations for many stocks and government bonds. It shows percentages and prices for several issues, with occasional notes on transactions and closing quotations for United States government securities.
A compact list of short term notes and bonds with bids asks yields and due dates. Items include Canadian and Quebec government securities, Russian and Swiss issues, Amoco and T and T corporate notes, rail and electric company issues, and various provincial and municipal obligations with stated rates and maturities through 1922.
Ne 48 170 shares National Aniline & Chem Co Pfd Stock Ne 68 330 shares National Antilize & Chem Co Com Stock Ne 91 150 shares Beckers liquidation Trust Certificate all in the name of Leules T Algie Reese. Notice not to transfer and that the holder will take at peril. pulse de l Algie Meese de Macary ters & Auchincloss 61 Broadway New York May 31 1918.
Advertising in all branches boosts reach as banks and firms promote a booklet titled How to Make Financial Advertising Pay. The notice highlights centralized publication, cross‑branch distribution, and guidance for maximizing returns from promotional materials.
The Electric Storage Battery Company and Columb ia Prephone Manufacturing announce dividends. The Electric Storage Battery declares a regular cash dividend of 1.00 per share on common stock and 1.25 per cent on preferred stock, payable to stockholders of record June 17, 1918, with checks issued July. The Columbia Prephone Manufacturing Company declares a common dividend of 1 3 4 percent payable July 1, 1918 to stockholders of record June 12, 1918.
Notices list meetings of East Pittsburgh electric company stockholders in Allegheny County for June 13 1918 to elect directors and approve actions since the last meeting. Transfer books close May 13 and reopen May 12, 1918. Also notices for Manufacturers Trust Company special stockholders meeting June 1918 to approve an agreement with West Side Bank and for Bruce Park Land Company stockholders meeting June 17 1918 to elect directors.
Public auction to be held Monday June 17 1915 at 10 00 A M south of Grom Works Passaic River Newark New Jersey. Writs against Cahill Towing Line Dailey Ivins and Doltey Ivins Dumper Nos 1 through 7 expose for sale the dive ship Dumper Nos 1 284 at their tackle and apparel under Marshal Albert Bollschweiler in Admiralty renditions.
Sealed proposals due June 16 1918 for constructing portable school buildings at DC stations. Documents from Chief Clerk Engineer room 427 District Building. Five dollars required to insure return of sand tions. Louis Brownlow John G D W Gwynn Gardiner Commissioners.
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