Wealth taxes spur rich to seek safe investment outlets
In a broad market overview, investors faced with higher income taxes and reduced real purchasing power pushed into bonds and a strong municipal market. The piece notes a sharp tax burden since 1914, a wartime income drop in real terms, and a cautious outlook for equities as the war and taxation unfold. It also describes financial conditions at the Federal Reserve, clearing house figures, and international exchange adjustments amid war finance.
MENTIONED IN THIS ARTICLE
Iberty
Mately
Money and Credit Signals Shifting Reserve Trends
The Clearing House banks cut loans and discounts by 43.883 million as last week surplus reserves fell by 4.010 million to 452.963 million. New demand deposits rose by 10.178 million, while United States government deposits totaled 428.028 million at week’s end.
MENTIONED IN THIS ARTICLE
United States
Federal Reserve
Inc
South African Bank Expands Its Eating Business
R F Saunders, New York agent of the National Bank of South Africa, Ltd., announced the bank’s acquisition of the eating (eating) business of African Lakes Corporation, Ltd. This marks the bank’s fourth acquisition after Bank of Africa, National Bank of the Orange River Colony, and the Natal Bank.
MENTIONED IN THIS ARTICLE
R. EF. Saunders
New York
Ntional Bank of South Africa, Ltd
The
African Lakes Corporation, Ltd
National Bank of South Africa, Ltd
Bank of Africa, Ltd
National Bank of the
Orange River Colony
Natal Bank, Ltd
Export ban on tin ore quinine salts bark and kapok
The American Minister at The Hague reports a prohibition on exporting tin ore quinine salts bark and kapok from the Dutch East Indies. Licenses may be obtained from the Colonial Government upon complying with Governor General rules. No special conditions are known, though licenses may bear conditions.
MENTIONED IN THIS ARTICLE
Dutch Indies
The
Hague
Dutch East Indies
Commerce
Federal Reserve Banks Report Near Two Billion In Reserves
The Federal Reserve Board released a weekly report showing total reserves across the twelve banks at 1.975 billion dollars with 1.918 billion in gold, up 19 million for the week. Bills discounted rose to 897.357 million, reflecting overall bank condition at close of business last night.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Banks
Federal Reserve Board
Atlantic Coast Line reports April earnings rise
Atlantic Coast Line announces April gross earnings of 4 897 989 with net after taxes 1 208 720. For four months to April gross were 17 689 674 and net 4 912 654. Carolina Clinchfield Ohio Rail road April gross 361 260 net 116 727. four months net 450 006 with surplus 55 058. Puget Sound Traction March gross 965 911 net 284 404. twelve months gross 10 023 684 net 3 822 047 surplus 1 495 272. Northern Texas Electric April gross 267 914 net 120 075. twelve months gross 2 932 282 net 1 353 534 surplus 1 006 972. T H Symington Company year ended 1917 net profit 826 032. surplus 615 995. dividends 126 000. Galveston Houston Electric April gross 305 082 net 68 506. twelve months gross 2 265 278 net 782 994 surplus 329 902. Boston Maine Railway April operating revenue 5 567 393. operating loss 979 600. deficit after charges 148 195. First four months current year revenue 18 785 400. gross income 261 657. deficit 3 595 412. Brazil forms new mining company International Ore Corporation to exploit manganese. capital 500 000 for Brazilian branch. offices in Toronto. par value 0? capital details partial.
MENTIONED IN THIS ARTICLE
Atlantic Coast Line
Carolina, Clinchfield & Ohio Railroad Company
Puget Sound Traction, Light and Power Company
Northern Texas Electric Company
T. H. Symington Company
Aterest
Galveston-Houston Electric
Boston & Maine Railway Company
Human Nature Key To Solution of Riddles of Trade
A Merchandising Observer argues that consumer behavior hinges on human nature and timing. Women favor appearance and new items like hats and dresses while men economize. pocket knives and autos hold strong appeal across age groups, with youth focusing on war games and older buyers embracing golf and high priced gear.
MENTIONED IN THIS ARTICLE
Food Administration
Market Barometers Stock Exchange Transactions and Bonds
Market barometers show daily, yearly, and year to date figures for stocks and bonds. Data include rail, U.S. government securities, and other issues with totals for yesterday, day before, week, and months across 1917 and 1918.
Italy Tightens Imports and Exports Under Government Rules
Rome dispatch reports Treasury Minister Nitti ordering post June 1 import licenses and export approvals by the National Exchange Institute. Goods must prove absolute necessity for import, signaling a broader move to curb nonessential imports and bolster Italy’s exchange. Marine stock activity shows volatility with Marine preferred and related bonds reacting to market shifts. International Mercantile Marine Company to hold annual meeting in Hoboken tomorrow amid ongoing British offer negotiations.
MENTIONED IN THIS ARTICLE
Banka
Sweden
Italy
Rome
Italian Bureau of Information
Nitti
National Exchange Institute
International Mercantile Marine Company
Hoboken
P. A. S. Franklin
Record Breaking Year for PB&W Railroad
The Philadelphia, Baltimore and Washington Railroad Company reports 1917 as a record year with freight traffic up 17.41 percent and passenger traffic up 95.23 percent from 1916. Total operating revenues reached 33,212,403 dollars with expenses at 24,589,245 dollars, as part of the Eastern lines of the Pennsylvania system. Taxes amounted to.
MENTIONED IN THIS ARTICLE
Philadelphia, Baltimore & Washington Road
Philadelphia, Baltimore & Washington Railroad Company
Pennsylvania
Net Income and Allocation Reported for the Year
The document states an $1,214,053 increase for the year at 80 percent after calculations a net income of $5,004,105 for the year. Dividends of unknown percent were paid from $26,497,000 capital stock, with 256 appropriated for construction on levees and branch roads and a fraction of miscellaneous appropriations. The remaining balance of $192,542 was transferred to profit and 1.
Paying Russian Coupons by National City Bank
National City Bank announced it would pay the semi annual coupon on the Roaster government external bonds totaling 25 million dollars. The June coupon amounts to 1500 dollars. Banking circles link the nonpayment to Wilson's stance toward Russia and note Russia has no deposits here. Funds for the June coupon may come from previously advanced money. The bonds were initially offered around 94 and recently traded near 35 in the market.
MENTIONED IN THIS ARTICLE
National City Bank
Russia
Wilson
Dividends Declared by Multiple Firms and an Appointment
A list of companies declaring dividends with payment dates and record dates, including Tidewater Oil Company extra 2 percent and regular 2 percent, Boston & Lowell Railroad 4 percent semi annual, Connecticut Power 11 percent on pref stock, Consolidated Traction 2 percent semi annual, Fisk Robber 1.34 percent on second preferred, Freeport Gas 1.5 percent on preferred, Columbia Soap 1.33 percent on second and special prefereds, Great Lakes Towing 1.5 percent on preferred plus 1.4 percent on common, Manhattan Railway 1.5 percent, Rensselaer & Saratoga 4 percent semi annual, South West Penn Pipe Lines 3 per share, Standard Gas & Electric 1.13 percent on preferred, Standard Oil Company of Kentucky 3 dollars per share, Todd Shipyards 1.75 dollars on second, Reeling Steel & Iron 1 percent. Also Harvey H. Robertson named assistant cashier at Chatam and Phenix National Bank.
MENTIONED IN THIS ARTICLE
Boston & Lowell Railroad Company
Connecticut Power Company
Consolidated Traction Company of
New Jersey
Fisk Robber Company
Freeport Gas Company
Ulube Soap Company
Great Lakes Towing Company
Nayahla
Manhattan Railway Company
Rensselaer & Saratoga Railroad Company
South West Penn Pipe Lines
Standard Gas & Electric Company
Standard
Company of Kentucky
Todd Shipyards Corporation
Reeling Steel & Iron Company
Significance of Money and Prices in Gold Stock Abroad
The article surveys the country’s monetary position with emphasis on gold reserves, currency stability, and the impact of price levels on everyday commerce. It notes government measures to manage liquidity and protect financial confidence amid shifting market conditions.
Also Mentioned on This Page
Finance Economics
Wall Street
Mills
Marine Preferred
Sumatra
Liberty Loan
France
Congress
Mlanover
Federal Reserve Bank of New York
Clearing House
London
Sub-Treasury
Lisbon
Scandinavia
England
National Debt Office
Americas
Boston
Philadelphia
Stockholm
Ier
Cleveland
Copenhagen
Richmond
Atlanta
Chicago
United Kan
San Francisco
Denmark
Money and Credit
News Digest
Stock Exchange News
the Stock Exchange
John Muir & Co
Charles A. Burbank
E.F. Hutton & Co
Irving P. Fay
S. Rheinstein
Lansburgh Bros
Broad Street
Charles 4
Burbank
Cammann & G
Broadway
N. L. Carpenter & C
Exchange Place
James P. Travers
Block, Maloney & Co
Logan, & Bryan
West Baden
Ind
Louchheim,Minton & Co
Ware & Leland
Vernon C. Brown & Go
George A. Huhn & Sons
Lakewood
N. J
New Haven
Rhoads & Gor
Hartford, Conn
Discontinen
American Iron and Steel Institute
A. G. Young
A. H. Smith
Railroad Administration
F. R. Board
United States Governi't
Oan
Federal Reserve Bank
Gold Settlement Fund
U. S
Brazil
International Ore Corporation
Toronto
Canada
Philadelphi
American Power & Light Company
Pacific Power & Light
Abril
Kansas
Electric Company
Inoue
Falance Ee
Portland Gaa & Co
E Company
Ixpenses and
Axes
By Archer Wall Douglas
Stock Exchange
U.S. Gov
U.S. Gov'nts
Marine
R. R
Peelat Cfreutar
E. W. Wagner & Co. Ca
Asin Moavengy
New Street
Tidewater Oil Company
Harvey H. Robertson
Chatham and Phenix National Bank
Fed- Tas
Apel
Maren
U. S. Steel
R Sm
Een Ot Mae Wek Marck
Steereast Sess
Bradstreet’s
Arison
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