Chicago Milwaukee St Paul Debentures 4s Due 1934
Bonds valued at 125000 included in official lists of savings banks in New York and Connecticut. Secured by a direct mortgage lien on the entire railway, with prior bonds ing at about 000 per mile.
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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Jun 19, 1916
Page
14
Bonds valued at 125000 included in official lists of savings banks in New York and Connecticut. Secured by a direct mortgage lien on the entire railway, with prior bonds ing at about 000 per mile.
The piece argues that restrained speculation and banking discipline check inflation risks while supporting broader business health. It notes Wall Street’s restraint on aggressive auto industry mergers and war stock bets as a sign of prudent leadership guiding securities value and international finance.
The New York Times reports a buoyant London week as American securities flow to the government fund and sentiment lifts on Russian military gains. Paris economic talks and a calmer money market influence prices with gains in first grade securities and rails while oil and charterers rise on forecasts and corporate moves.
The Paris Bourse rose as Russian military successes boosted markets. Rentes settled 62.25 ex coupon, war loan at 88.00, rail and gold shares up, shipping and war industries in demand. Sterling fixed around 28.15 to 28.17, Bank of France daily exchange aid noted, and alcohol tax clauses passed locally.
The Liberty Bell Bonvenir Company Inc files for voluntary dissolution under the General Corporation Law. A notice to creditors asks all claimants to present claims at the Manhattan office of attorney Joseph P. Bickerton Jr. at 424 West 75th Street.
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