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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 01, 1917
Page
28
A Wall Street report outlines five Liberty Bond reasons to subscribe now with figures showing dollars to support troops and equipment. It discusses inflation risks, money supply, and how government spending could influence prices, while noting stock market calm with Steel common near record highs and international currency shifts.
The local money market was quiet with reports of collateral shifts and mixed rates. Call money drifted around 3 percent while time money with collateral showed 4.2 percent, as market activity remained subdued and liquidity varied across sectors.
The Carman vayee prunary com pany faced heavy losses and plant damage but reported a net profit for the year ended last September. After maintenance and depreciation expenses, the net profit was 1 292 105, with 15 percent deduction for band in forest net profits, compared to the previous year. The firm noted advances to its New York agency and anticipated distributing shares. aggregate orders on the books stood at 24,000,000.
Agricultural reports predict wheat yields may surpass last year with a strong spring crop in the southern belt and potential record production countrywide. Despite prior drought and rust, farm observers anticipate a large acreage total around 125 million acres and robust output if favorable weather continues, easing concerns of shortages.
A chaotic record reports lawmakers facing a protest as holding company bills face opposition. Governor Whiten and officials weigh the measures amid claims they threaten public transit and corporate control. Citizens rally outside the Moke Hie Seeview Commission offices in Lyon.
The New York Stock, Cotton, Produce and other exchanges will be closed next Tuesday for Draft Registration Day. Leading exchanges in other cities will also observe closures.
Analyzed extract outlines Sinclair Oil and Refining officials denying knowledge of a published estimate. It notes the company’s stock earnings around $12 per share with quarterly year earnings of $270,000. Additional items include New York Air Brake war contracts, Charier A Starbucks president, and various mineral and railroad company financials.
National Bank of Commerce in New York prepared a dispatch to Petrograd stating confidence in Russia’s financial future. Bank officials, including the senior vice president and a cashier in the foreign department, plan a Pacific Coast tour then Japan, aiming to coordinate with Russian banks and establish practical financial ties amid uncertain conditions.
Dividends of 1 percent on Federal Sugar common stock are announced amid a power struggle for control of the company. Clutaine Suchsy and other minority directors push for caution on disbursements while Jay Spreckels leads management seeking to preserve earnings and working capital. Wall Street notes suggest renewed investor confidence as the June 1 payout to stockholders nears, with broader implications for governance and future earnings.
In London on May a1 the amalgamation of the Peninsular and Oriental and the Union Steamship Company of New Zealand was followed by strong demand for their shares. The market showed firming conditions in investment and industrial sectors with reinvestment of a wartime distribution. Bond markets varied with Spanish and Romanian issues showing better tone while American securities remained dull. Paris exchanges reflected cautious trading. new leadership emerged as executives were elected vice presidents of the Saturday National Bank.
A dense listing of corporations and their quarterly dividends, stock details, and payout dates. Companies include Milwaukee & St Paul, Nashville, Chattanooga & St Louis, Du Pont de Nemours, Lehigh Water Railcond, Du Pont Powder Co, American Smelting, Bear Roebuck, and Prerey Manufacturing. Dividend rates range around 1 to 4 percent with payments scheduled through June and September, noting record dates and stock types.
A garbled historical report details Hocking Valley By railroad finances, noting increased net operating revenue and freight activity, with figures and percentages indicating gains in revenue per freight train mile and overall freight tonnage, while losses and costs are referenced and contrasted. The document mentions individuals like Hockins Hang and W. Stevens in an incident context.
L C Fritch becomes general manager of Seaboard Air Line, Norfolk division on May 2. The Canadian Northern Railroad appoints a new general mutagen, while a resignation at the Seaboard Air Line appears in the same brief note.
A terse ledger style summary lists national banks reserves and deposits with the Federal Reserve, discount rates, gold reserves, price indices, and U S Steel orders. It also logs daily pig iron output, active cotton spindles, and major crops including wheat corn and cotton with reported production figures and distribution notes.
The document cites an 11.9 percent rise in total revenue of 954.75 with passenger revenue per mile up ten cents and 16 percent, while miles per passenger rose 1.0 percent to 124,857. Passenger train mileage reached 706,085, a 2 percent gain. passenger revenue per train mile shows 1.272 dollars, up 115 percent, including mail and express at 1.48 dollars, rising percentages. Train revenue per mile for passenger service recorded 1.531 dollars, up 124 percent.
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