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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Jun 29, 1916
Page
20
Public notices report quarterly dividends on preferred and common stock, plus bond redemptions and conversion notices across multiple firms. Details include dates for record holders, payment dates, and addresses for notices and actions, with entries from Indianapolis Louisville Railway, Ames Cannon Simmons Trustees, Chicago New York lines, and others.
The Bank of New York in New York announces a semi annual dividend of eight percent payable after July 1, 1916 to stockholders of record as of June 24, 1916. Joseph Andrews, cashier.
New York June 20 1916 The Market and Fulton National Bank declares a quarterly dividend of three percent on its common stock payable free of tax beginning July 1 1916 The transfer books will be closed until that date John H Carr Cashier
The June 1916 notices reveal dividends from the Bank of the Manhattan Company Shattuck Arizona Copper Company American Gas and Electric Company Erie Lighting Company United Gas and Electric Columbia Trust Garfield National Bank and The Bank of America. Payments range from 1.25 to 14 percent with July payment dates and June record dates.
The market for cotton remained dull but steady as prices rose 3 to 10 points yesterday after the first July notice day. Liverpool opened stronger but eased later while market activity showed cover against early declines. Weather reports were favorable with good cultivation progress and boll weevil increases noted in parts of Texas Georgia Alabama and Mississippi. Talks predicted condition near July averages suggesting potential improvement and a possible 2.7 point rise for the month. Theodore H Price endorsed holding present values for those selling before new crop movement. Augusta spot prices fell eight points and the local market remained quiet and unchanged.
Chicago and New York banking interests plan to form the Haitian American Corporation under New York law to buy public utilities in Haiti. The deal covers a railroad tramway electric light plants and port facilities in Port au Prince and Cape Haitien with concessions from the Haitian government. Existing owners will stay in management and earnings are government obligations. The model mirrors the Cuba Company led by Sir William Van Horne after the Spanish American War, with plans to develop sugar via centrally located grinding plants.
Wheat slipped early then rallied as shorts bought late positions. July declined to 4c and other positions fell 4c. Local cash wheat prices ranged from No 1 durum at 1.11 into No 1 Northern Manitoba at 1.24. Corn eased on good weather but closed with small gains, No 2 yellow at 0.88 and futures mixed after liquidation and short covering. Continual cash and futures activity cited alongside limited sugar and oil market movements and Cuba sugar stability.
Trading in the cate market was comparatively quiet and prices eased under liquidation. July activity waned as harvest prospects improved, while the local cash market held steady with quotes around No 2 white and various clipped white grades reflecting current seasonal conditions.
A softer tone ruled hog product markets led by selling by strong interests and profit taking. Pork held steady on short covering. Chicago receipts reached 34 000 with prices 6 to 10 points lower. Estimated Thursday receipts 23 000. Kansas City 12 000. Omaha 15 000.
Scattered liquidations hit the coffee market with December contracts down to 7.91 and nearby months dipping from highs. Rio 7s and Santos 4s traded quietly around 9c and 10 1/2c as futures steadied near the close amid a general price downturn and light activity.
The cottonseed oil market fell sharply in early trading as traders reassessed supply and demand factors. Analysts noted the downturn followed cautious notices from processing firms and pressure from related vegetable oils.
The ED Computing-Tabulating-Recording Co announces a 1 percent second installment of the 4 percent dividend payable July 10 1916 to stockholders of record at the close of business 1916 with transfer books open June 24. The Greenwich Bank reports a quarterly dividend on capital stock payable July 1 1916 to stockholders of record June 20 1916.
Receipts yesterday show 16 929 packages and 17 008 cases. Market tone remains about steady. higher grade fresh creamery eggs firm while secondary qualities soften. Out-of-town buyers ease some pressure. trade cautious with fractionally lower asks.
Special to The New York Times. June 28 Washington forecast across the Cotton and Grain states with variable winds. Cloudy conditions and showers predicted for North Carolina South Carolina Georgia Alabama and Mississippi. Tennessee Kentucky Illinois Indiana Ohio Michigan Wisconsin Minnesota Iowa North and South Dakota Nebraska Kansas Missouri Texas Arkansas Louisiana and other regions show a mix of cloudy days fair conditions and showers with warmer spells and unsettled periods through Thursday Friday.
The Western Pacific Railroad was sold at public auction in Oakland for 18 million dollars to the railroad's reorganization committee. C. M. Levy, a receiver and San Francisco manager, becomes president of the new company as control passes from court receivership. The sale, approved by the U.S. District Court, relied on first mortgage bonds folded into the reorganization. The transaction marks the final link in Gould’s transcontinental system and ends decades of financing and legal battles over the Western Pacific.
The Real Estate Field reports on the National Bible Institute purchasing a five story building at 2350 Third Avenue for Beacon Light Mission work, with dormitories and facilities for about 1,100 men. It details a foreclosure action against a twelve story building at 7 Wall Street for mortgage, back taxes, and interest totaling over 1.47 million dollars, plus multiple other property sales and leases across Manhattan and nearby areas.
The case by Francis I. du Pont and others seeks to compel Pierre S. du Pont to turn over powder stock valued around 56 million dollars, alleging unlawful acquisition by defendants. Alfred I. du Pont testified as the sole witness today as the court adjourned to Friday.
Governors of the Stock Exchange approved expanding trading space by 1,800 square feet and adding four new posts to handle securities. Thomas F. Reynolds was elected a governor to succeed Albert H. Marck. An amendment to allow brokers to trade free for members called to military service was discussed, with a special meeting to vote. The floor changes include closing stairways and moving the bond crowd, plus a pneumatic order system under consideration.
By Joseph P. Day, reporting on the sale at 14 Vesey Street. Property described as a five story flat at 100th Street to Madison Avenue block, with a 90.10 by 100.11 frontage. Executors Edward Kerutz and another oppose Badman et al. RK Hagemann Jr. involved.
Auction notices list multiple properties in New York with details on buyers and sellers, locations on Madison Avenue Monroe Street Lenox Avenue and more, sums due, and attorney references. Included are four to ten story buildings, dwellings, stores, and stable properties with due amounts and tax figures.
A paneled ledger lists multiple Bronx properties with addresses, owners, and architects. Entries cover mixed-use and garage structures, several five to twelve story projects, costs noted, and firms such as Voorhees & Uimelin, Webster & Tremont Bidg Co, and Gronenberg & Leuchtag.
Recorded notices show lenders and attorneys for various properties with addresses such as Amsterdam Ave corner of 149th and sixi2s, Columbus Ave, Lexington Ave, and 176 Broadway. Terms include 5 percent interest unless specified, with bonds due, and trustees such as Girard Trust Co and Title Guarantee and Trust Co named.
Several property transactions recorded, including Franklin Avenue and Hull Avenue deeds. Transfers involve Charles F. Althaus to Emigrant Industrial Savings Bank, Asel M to New York Title and Mortgage Co, Michael J. O’Conner to Axel Moberg, and John H. Maguire to Emigrant Savings Bank among others. Attorneys noted include Amend & A and E. J. McGuire. dates cluster around June 26–27 with assorted property sizes and mortgage terms.
A dense docket lists actions from 12th Ward to Jerome map area. Foreclosures by United States Realty and Improvement Co. against owners like John Claflin and Louise Horwitz. deeds set aside cases. mechanic lien and tax lien transfers pursued by firms Debbage and Sanders, Carrington & Pierce, and others. Multiple addresses, estates, and parcels including Madison Avenue, Monroe Street, West End Avenue, and Parker Avenue feature in mortgage foreclosures and lien actions with named attorneys.
Multiple bankruptcy notices from the Southern District of New York list cases including BHAPIPO doing business as American Cloak and Empire Petticoat Co, and J Michelman & Bros Inc. , with meetings of creditors scheduled in 1916 and 1918. Louis Brill, K E Garment Co Inc, Marcus & Brody, and Sol Am seek discharge or composition, with hearings in the Post Office Building in Manhattan and dates in 1914 1916 and 1918.
In the Southern District of New York a bankruptcy sale is held for Emanuel knauer at 45 Avenue B Manhattan on Thursday June 1916 at 10 30 A M. The assignee ARCHIPALD PALMER and attorney MARCUS HELFAND list assets including cloaks suits skirts dresses and apparel plus fixtures and machinery. The sale is by order of the court with rights to the assignee in the premises and is conducted by Chas Shongood A S Auctioneer for petitioning creditors at 320 Broadway New York.
Ad lists a once weekly business notice from The Annalist promoting a market for unilated bonds and stocks. Published as a cheap pay advertisement, it notes a weekly schedule and a subscription price. The item places the ad in Times Square New York.
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