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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

New York Times

Location

New York, New York, United States of America

Date

Jun 22, 1916

Page

15

Riggs Bank Charter Renewal Approved After Probe

Washington June 21 The Controller of the Currency approves a twenty year extension for Riggs National Bank amid findings of past violations and a pledge by bank officers to comply with the National Bank act. Directors sign a written pledge to ensure future scrupulous conduct and solvency.

New York Times Washington John Skelton Williams Riggs National Bank Riggs Bank National Bank Act Justice McCoy Mmitation Cantreee Riggs National Bank of Washington, D Washington, D. C Rigsetonal Bank Bronget National Bank de McCoy Controller's Office Charles C. Glover Milton FE. Ailes Willam J. Flather Joshua Evans, Jr H. V. Haynes Ashier Ilton EF. Ailes William J. Flather Charles C. Glover, Jr James M. Johnston Thomas Hyde L. Kemp Duvall Charlies C. Glover Robert C. Wilkins E. V. Murphy Sterling Ruffin Joseph Paul H. Rosier Dulaney L. E. Jeffries Charles I. Corby Bank of the Controller United States Sig Entista Cor Pont Jiams National Bank Examiners New York H. H. Fisther

Cotton market opens firmer then weakens on profit taking

Cotton rose at first in London and Liverpool trading but reversed to losses as shorts covered and profit taking set in. Prices eased with July and December contracts shown in steady to slightly higher ranges amid favorable weather reports and strong US crop prospects. Local spot sales and steady futures capped a cautious day while port receipts rose to mixed totals and exports remained robust.

Lewis Johnson &Co Flather Williams H. U. Flather Shorts Liverpool Memphis Wit Savannah Norfolk Austa New York Department of Agriculture Ashington Bureau of Markets Galveston New Orleans Mobile Bavannah Charleston Wilmington St. Louis Houston Augusta

Thorne Named Fourth Vice President at Metropolitan Trust

Harold B Thorne elected a Fourth Vice President of the Thorne Metropolitan Trust Company as the bank enlarges its executive staff. He will begin his new duties early next month after a long career starting as a junior clerk at the Mercantile Trust Company twenty one years ago and rising to a vice presidency before joining the Bankers Trust Company on its absorption of Mercantile.

Thorne Metropolitan Trust Company Harold B Thorne Mercantile Trust Company Bankers’ Trust Company Mercantile

STANDARD OIL STOCKS SELL AT AUCTION

Auction sales yesterday by Adrian H Muller Son included 800 Phoenix Water Power preferred shares at 10 each net 4 per share and 200 Central Trust Company stock rights 430. Also listed were Deutscher Verein bonds and various international government loans with mixed yields and denominations across numerous firms and countries.

Adrian H. Muller & Son Phoenix Water Power Company Phoenix Water Power Company Common Deutscher Verein Westchester Fire Insurance Company Iso Coun Toya Armavia Tovnapee Railway Company Russia London and Southwestern Bank, Ltd Post Office Savings Bank London England Mexican Petroleum Company Common

City Finances Reported Cash Position June 17 1916

Controller's statement details corporate stock revenue bonds notes and bills and cash balances. It lists cash on hand 7 124 142 13 and 54 490 741 09 respectively under two columns with items including special revenue bonds 3 080 400 00 and 3 989 400 00. The report notes cash in excess of corporate stock note obligations 8 286 494 34 and a 1 162 352 21 balance.

Open Credits In Dollars For Metal Trade Gains Ground

Foreign metal buyers, led by French and Italian banks, increasingly use dollar credits with New York banks to pay for exports. The shift follows declines in sterling and other currencies, with Leopold Fredrick of American Smelting suggesting 90 day sight credits to ease exchange rate pressures and support sterling stabilization in London.

Europe Leopold Fredrick American Smelting & Refining Company New York London Fredrick Chile Mr. Fredricks

New Bank to Clear Here Through Clearing House

The International Bank, a subsidiary of the International Banking Corporation under Connecticut law, will have all checks payable through the New York Clearing House starting June 26 and cleared via National City Bank. National City Company, controlled by City Bank stockholders, recently acquired a majority stake in the International Banking Corporation. The bank has increased deposits and sought Clearing House Association membership to fuel growth.

The International Bank Ubsidiary International Banking Corporation Connecticut New York Clearing House National City Bank National City Company City Bank International Anking Corporation International Ank Clearing House Association

Also Mentioned on This Page

Hartshorne & Battelle New York Stock Exchange Broad Street New York City Great Western Power Co. of California Illiam P Bonbright & Co Wall Sorest Philadelphia Yonkers National Bank Stock Charles A.frank&co Broadway ANM Arbor CHIC IND Louisville General Gas & Elec Radfmanin Dept. Stores Twewater Oil GAS & Elec Richmond Cummings, Prudden & Co Telephone Rector American Brass Niles Gwynne Bros N.Y A.E. Fitkin & Co Interstate Electric Cities Service Issues Prichitt & CO Mark A. Noble Theodore C. Corwis Noble & Corwin Stock Bordens St Telephone Glover Allies Ailes Consolidated Exchange Consolidated Stock Exchange Mew Las Hugh. I.a Alaska Allis Chalmers Blis Bay Wcomotive Tel Brooklyn Gt. North North M. Mar Ken L. BE. & W Thigh Valley Maxwell Motor Miami Nevada Central N.Y.N.H Ho North West St. Cal Ray Rep. I. & Steel Southern Pac Southern Ry Studebaker Third Avenue Union Pacific United Fruit United Loco Minty Utah Car. Chem Hale & Nor Jim Butler Midway Sierra Nevada Gol Tonopah West End Ween US Were Weer Eee Conley Standard Oil Stocks Alliantice Chesebrough Colonial Oil Crescent Cumberland Eureka Galena Indiana Um Inter. Pet. Co Sta National Transit Ass Northern Ohio Penn.Mex. Fuel Co T mm Pierc Prairie Oi South Penn South W. Penn Cal Kan N. J Swan & Fine International McCrory Wail Doherty Securities Henry L. Doherty & Co Bond Department Wall Street Hanover Dawson & Lyon Investment Securities Wail St John Dept. A E.C. Randolph T. F. Shields Mer Canada Mexico Legal Investments Life T-118 Redmond Aca Pine St Crandell, Shepperd & Co Packard Motor Car Company Wm. A. Read & Co Nassau and Cedar Streets, New York Boston Chicago Government of the Province of Quebec Montreal Wood, Gundy & Co Toronto New York Title & Mortgage Co Montague St Cortlandt Bankers Trust Comny Newark City Board of Directors Jacob Herma Secreta Associated Simmons Hardware Companies In Eature United States Mortgage and Trust Company Cedar Street Borough of Manhattan City of New York Associated Shomene Hardware Comics Edward C Simmons James G. Cannon Wallace D. Simmons Lewis S. Haslam Spruce St Saint Louis Missouri City OF San Juan Porto Hico Paa Muller, Schall & Co Wiliam Streat RH. Todd Milgon & Chardon Cate Ohio Cities Gas Indian Refining Leonard Snider & Co Rector Worthington Morton Lachenbruch & Co Equitable Building Ispens Taylor Ted Lord & Taylor Jundersigner Guaranty Ust Company OF New RK Charles Sabin I Lord Pittsburc Notlee Agtave i Company and Pittsburgh Eec Spattel Ira Ims Rae Ae Pittsburgh, Pa Pittsbury Cambria Fuel Company Bankers Trust Company Istee Rene Lewis T. Wolfe Arecibo Porto Muller, Schall William Street M Vinas Porto Rico American Telephone & Telegraph ¢ Co G. D. Milne
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