Bankers Approve Reserve Bank Discount Rate Increase
Bankers at the Federal Reserve Bank of New York approved the discount rate rise despite concerns over effects on customer relations. They noted constraints from low rates and fierce competition, with some urging deposit rate cuts to cover higher expenses.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of New York
Burton Hepburn
Chase Nations Bank
Paul M. Warburg
Nieuw Amsterdam
Federal Reserve Bank
New York
Europe
Minneapolis
Soo Line Earnings Rise in 1919 Report
The Minneapolis St Paul Sault Ste Marie Company shows December earnings with a surplus of 3 309 415 after charges and taxes, equal to 14 12 a share on 37 810 200 capital. Excluding top over item, earnings equal 14 92 a share, up from 10 29 previous year. Federal compensation was 10 310 525 for the year, with government net loss 5 207 aa versus 7 914 247 last year.
MENTIONED IN THIS ARTICLE
U. S
Wey
Lake Bare Te Ue
Peoria
Yau
Ibn
Liberty Am
Nat
Fang
Worthern
Ice Wily
Ra Bim Victory Ang
le United de
Rey
Mantetten
Liber Etter
Bay Bonde
Siso Ae Midwain Steel
Init
MOK & T
Iaea
Wade
Jasuen
Cairn Atv Boma
Ben
Montana Power
T & Bex
Armenting Intern Sa
Jm. UK
Nets
Dominican’ Republic
Okla
Naliey Ain
Hingdors
Nartalie
Gielgon
Aneavels
Cupemingen
Great Briain
Paris
Tonio
Tony
Anaila Sika
Brno
Fc i Joan
Am Smolin
Tnt
Poe Sa
Enna
Pine Shui Dee Lee
Mase Rene Taran
Ty Bob Fi
Ranaas
Ms One Bed
Minneapolis, St.Paul & Sault Ste, Sa Tutlwey Company
Colorado and Southern Report Net Income Rise for 1959
Colorado and Southern Railway Company announced a net income gain of 407 573 over the prior year after charges and taxes. Earnings per common share stood at 33 58 on 410 000 00 common stock with a 2 percent preferred dividend likely and a possible second preferred dividend. Directors will meet in Chicago on Friday to consider dividends and other actions.
MENTIONED IN THIS ARTICLE
British-American Tobacco Company
Cusranty Trust Co
New York
Lombard Street
London
Seid Guaranty Trust Co
E. C
A.M. Rickards
Westminster House
Millbank
S. W
Ram Colorado & Southern Railway Company
Yeaterday
Padera
Chicago
Sumatra
American
Sumatra Tobacco Company
Pierce Arrow board names Clifton to chair directors
Col. Charles Clifton is named chairman of the Pierce Motor Car Company board. C. Jay Jr. becomes executive committee chairman, Col. George W. Mixter named president. other officers include W. J. Foss, W. C. Pearson and Forbes. Marine Trust's Walter P. Cooke joins as director.
MENTIONED IN THIS ARTICLE
Charles Clifton
Pierce Arrow Co
Pierce Motor Car Company
C. Jay Jr
George W. Mixter
Mr. Jay
W. J Foss
W. C. Pearson
Mr. Forbes
Walter P. Cooke
Marine Trust Company of Buffalo
Pierce-Arrow
Czech Slovak bond offering planned in United States
Plans state a $25 million 5 percent bond issue of ten to fifteen year maturity to be underwritten by a network of about 140 banks across the country. The funds would back raw material purchases in the United States, with Czecho-Slovak nationals in the U.S. remitting large sums monthly to the homeland. Oldrich Slavik and Rudolf Wienger of Bohemia Czechoslovakie Banking Corp report progress and caution on crown value affecting exports.
MENTIONED IN THIS ARTICLE
Republic
Czecho-Slovakia
Tribune Losret
F. G. Haficek
Lawndale National Bank of Chicago
United States
Sloyaks
Ceecko
Slovakia
Oldrich Slavik
Rudolf Waigner
Bohemia
Vakie Banking Corporation
Praia
Slavik
Pera
New York
Sinking Fund
Monthly earnings figures for major rail lines and carriers
The listing shows gross earnings and after tax balances for several railways including Southern, Louisville and Nashville, Philadelphia and Reading, and others. It notes net income figures and monthly totals, reflecting the period around April with figures such as 42 403 for net income and 060 499 for taxes.
MENTIONED IN THIS ARTICLE
Chicago
Milwaukee & St. Paul
Stata
Sothern
Louisville & Nashville
Philadelphia
Reading
Stati Gealory Westhay
Also Mentioned on This Page
Wiest
Kelley, Drayton & Co
Lord's Court
Exchange Place
Veeoad
Carib Syndicate
Sweers Co. of
Aaz. L. S
Steamship Merritt Oil Island
Sak Ford
Wolfe
Broad ST
Ri H. Mic Masters
Prichitt & CQ
Stock Exchange
Broadway
New York City
Wensrotiay Sr
Hketne & Mare
Lanass
Einine Corea
Bawneering & Manning
Bawneering & Manning 22S Beers Droaen Coram. pret foo Fiearn Filash_ Goren
Penn Wael Vroral Tenerm
Atay Om Jovaey Lite Prademnine
TATA
York Orien
Eitan
Weath
Reserve Bank
Hepburn
Warburg
Berea
Soo Line
Colorado & Southern Report
New Republic
Central Trust Co
Shinats
Continental &1 Commercial Trust &9 Savings Bank
First Trust & Savings Bank
Allinois Trust & Savings Bank
Halsey, Stuart 9 Co
ABI
ALA
Belgium
Brussels
J. P. Morgan & Co
Guarane Trust Company of
With
A. M
Boston
Curtis & Sanger Smbers
Byaton and
Chiago Stock Exchanges
Wall Street
San Francisco
Kelly-Springfield Tire CO
C. Bern
New Fork
Liggett & Myers Tobacco Co
Lewin Mo
Laws & Mysret
Anderson
Stone & Webster Incorporated
Milk Street
Dearborn
City OF
Board OF Estimate
New York County
Secretary of the Board of Estimate
App
Borough of Manhata
Pal
Guy Lowell
Munici
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