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This newspaper page contains 14 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 30, 1916
Page
16
Opening trading on the Stock Exchange saw gains after news that Carranza ordered release of American troopers at Chihuahua. Short sellers covered early, prices fluctuated, and traders debated whether the Mexican situation would spur or dampen U S business activity.
New York stocks showed gains across many sectors with the crys tall market rally broadening. Woolworth shares moved unevenly as trading details and price changes appeared in the day’s activity sheet.
The London Stock Exchange received a cheerful tone from news of the better Mexican situation and official word that the Australian Commonwealth loan was fully subscribed. Home rails and shipping stocks led gains while copper showed strength and Kraffirs revived. American securities firmed after a dull morning. Money markets remain stringently priced as half-yearly pressures persist.
Trading was quiet on the Bourse today. Three per cent rentes quoted at 62 francs 25 centimes cash, London exchange, and 28 francs 16 centimes for loan on the three per cent loan.
Paris June 20 the Bank of France reports changes with gold in hand rising by 6 358 000 and bills discounted totaling 191 000 while notes in circulation grow by 70 748 000 and treasury deposits increase by 6 247 000 general deposits fall by 1 6 6 218 181 000 and advances decline to 1 848 000
Sir Frederick Williams Taylor of the Bank of Montreal travels to London to secure an extra 25 million dollars in loans from Canadian banks for the British Government. Total Canadian lending to the Imperial Munitions Board reaches 101 million. Britain will favor Canadian manufacturers with large contracts. Canada plans a domestic war loan of 150 to 200 million dollars at 5.5 percent, payable only in Montreal and not offered in the United States, possibly not before September.
London June statement shows reserves down by 1012 pounds while circulation rose by 6555 000. Bullion fell 665 7 and other securities rose. public deposits declined. The bank’s reserve ratio dropped to 25.22 percent from 31.45 percent. discount rate unchanged at 5 percent.
Yesterday's range lists Forty Bonds with values around 87.27 to 87.87 and a daily spread. Forties yield varied, with yearly ranges noted from 1915 to 1916, including several dates and figures for bonds and indexes.
Mexican Petroleum plunged to 88 after rumors of Tampico fires but reversed to 97 on the day. Investors rushed to cover shorts as Carrizal prisoner releases boosted warless sentiment. banks and brokers report tighter loans yet interior banks hold many stocks for customers.
Financial snippet shows bond prices and totals with par values, listing multiple issues and yields. Mentions Reading gen 4s, U S Steel, North Western, West Shore, and various corporate bonds with price quotes and maturities.
The page lists bid and asked quotations for U S Government bonds across various series and maturities. Prices show bids and asks for multiple issues including 2s 5s 3s and 4s with dates ranging from 1918 to 1950, plus other corporate and railroad securities reflected in bid and asked columns.
The War Department faces delays in moving troops and securing transport. A major truck maker received a large order that would absorb months of output and had to decline more work due to prior foreign government contracts. To fulfill urgent needs, the order was split among several firms.
Stutz Motor Car Company of America reorganizes with Allan A Ryan leading a group to acquire all shares of the Indiana manufacturing company. Established in 1911 with 50000 capital, it doubled via 100 percent stock dividend and paid 700000 in cash dividends on 10000 stock. Production last year reached 1070 cars as a new plant is completed to enable higher output.
The article notes many well secured bonds could be permanently exempt from the tax if a payment of five dollars per thousand is made. It discusses the financial mechanism and potential impact on taxpayers and bondholders.
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