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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 05, 1916
Page
2
United Motors Corporation holds stock in five major automobile accessory firms. We C Durant, head of Chevrolet and General Motors, dominates ownership alongside associates. High demand signals earnings in 1916 may surpass double prior year. stock appears to have strong future potential.
The Yale and Towne Manufacturing Company announces a cash dividend of 18 percent to stockholders of record June 23 193? at the address 310 Towne Street. The announcement notes a stock split and references the annual meeting of stockholders to be held at the office on Street in New York City.
The piece surveys wartime finance as Germany threatens British sea power and the Atlantic trade, noting market volatility, railroad stocks, and copper delays. It covers investor reactions to war news, the shift from war to peace economies, and expected postwar demand for machinery and materials, plus comments on bonds, currencies, and central bank activity. It mentions Wilson’s renomination prospects and Republican choices, with emphasis on how Europe’s outcome affects U.S. markets and financing.
The Erie Railroad won PSC authorization for a 1 682 585 equipment purchase financed by a 1 250 000 trust issue. The plan includes 1 000 fifty ton self clearing hopper cars from Standard Steel Car and three 110 2 type locomotives from Lima. Series DD certificates will bear 4 percent interest, with a minimum sale price of 90. The authorization also allows 2 080 000 of 4 percent 100 year general lien bonds to retire like par value bonds of Buffalo New York and Western Railroad Company.
The Guaranty trust company prepares a booklet outlining Argentine conditions to boost trade. It argues for a permanent foothold in the territory opened to U S business by war and notes two representatives will base in Buenos Aires to assist customers and interested parties. The booklet describes Argentina as among South America's wealthiest nations and emphasizes large credits extended to its government and banks.
A Chinese rider, Miss Ah Sun, rode in Central Park yesterday from the Hotel Majestic in a daring silver and gold costume. Onlookers watched as she trotted astride, displaying Americanized riding style and prompting comparisons to a professional exhibition.
The week ending June 3 shows total stock sales of 1 900 with a wide range of highs and lows for 1916 and 1915. January 1 to date totals reach 72 965 500, while bonds traded amount to 10 401 000 last week and 164 941 000 year to date. The page lists numerous individual figures, tables, and vessel sale notes, alongside market commentary and unrelated notices.
The Philadelphia Chamber of Commerce issued a statement urging business leaders to attend a meeting of the Southern Classification Committee convening in Atlantic City on the 12th to study proposed changes in transport classifications. The docket lists between 500 and 600 articles and outlines hearings set to run daily for about a week to protect members' interests amid potential weight rate adjustments.
A list of entities including American Brass Co American Sumatra Tobacco Co Yale Towne Miz Co American Gas Electric Co Light Trac Co Service Co of River Power Co public Railway Light Co Dated Light Railways Co American Power Light 6 2014 Lincoln Gas Elec Lt 5 1941 Montgomery St Wat P 5s 4h Ronya.
The Long Island Rail Road launches a campaign against reckless motorists. Police arrest and prosecute drivers who ignore warnings as crossings and gates are repeatedly struck. Officials report multiple near misses and urge drivers to heed signals to prevent fatal incidents.
The State Industrial Commission announces extensive amendments to workmen's compensation law. Employers face mandatory coverage for many new job classes, including office building, backsmithing, horseshoeing, elevator operation, harvesting, marine wrecks, and fur work. A joint election provision may bring all employees under compensation rules, with stricter penalties for noncompliance. the commission prepares to answer questions amid road and construction sector concerns.
Fourth annual outing for New York newspaper representatives arranged for Beach on Tuesday June 2 was postponed. Prizes planned include running, broad jump, baseball distance, and swimming events with a buffet luncheon. After prizes, move to Sheepshead Bay for a clambake then Steeplechase Park in Coney Island for more entertainment.
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