Liberty Loan markets show uneven investor response
In the June 4 financial note, bankers warn small investors, especially in the South and West, have not subscribed to the Liberty Loan as expected. Banks may absorb much of the issue after June 15, while future bonds should be more popular when better campaign management is achieved. Railroad earnings June outlook shows mixed results with net per mile varying by district. Municipal securities demand remains weak though total year-to-date sales are high.
MENTIONED IN THIS ARTICLE
England
Department of Finance
Howeacl
Cleveland
Tron
Richmond
Atlanta
Chicago
St. Lewis
Minneapolis
Kansas City
Dallas
San Francisco
Money and Credit Market Report from the Exchange Day
Money and Credit Stock Exchange borrowers obtained cash at 4 percent, slightly below the previous rate. Clearing House banks sustained firmness in the time market, with mixed collateral at 4 to 4 1/2 percent and industrial collateral loans at 4 percent. Prime paper scarce. local institutions dominated the market. a small amount of high grade paper sought. Federal district discount rates displayed varied figures, while bank clearings in New York and other cities showed notable balances. Sub-Treasury movements included $7.1 million from New York banks, with $800,000 in gold sent to Spain and $2 million shifted for export to Japan. London money market remained well supplied with steady discounts. ruble depreciation noted.
MENTIONED IN THIS ARTICLE
Stock Exchange
Boston
New York
Philadelphia
Cleveland
Ae Richmond Ak Art Tanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
Baltimore
Treasury
London
Dollar hits high in foreign exchange amid Spain flow
The dollar rose to its highest level in the current exchange cycle due to Spain’s favorable movement, despite ongoing gold transfers. Rubles eased slightly while Scandinavian rates held, markets remained quiet and speculative trades were sparse. Closing figures show reduced dealings in German and Austrian exchange as daily quotes for marks or kronen disappeared.
MENTIONED IN THIS ARTICLE
Spain
Doubles Shipping Profits Amid U Boat Ravages
The International Mercantile Marine Company nearly doubled its net profits for 1916 despite heavy tonnage losses from German submarine activity. Reported gross earnings after British excess profits tax reached 87,967,564 dollars with net earnings of 33,860,672 dollars after expenses. the company notes results reflect wartime shipping disruptions and conservative dividend assumptions.
MENTIONED IN THIS ARTICLE
International Mercantile Marine Company
Sundaes
PALS
Frank Jin
Pang
Haa
Oy Vo
Borane
Ted Star Line
White Star Line
Atlantic Transport Line
Dominion Line
Leyland Line
Groft
APY
Explosives Deal, Rail Orders Highlight 1919 Finance
Federal court authorized a contract for toluene and benzine purchases for TST production and Xitna Explosives. New corporate finance notes show April earnings at 400 million and April assets over 18 million quick assets. Railroad equipment orders total 321.2 million with steel needs rising 2.5 million tons. Corporate formations and copper production across the Americas rise through May.
MENTIONED IN THIS ARTICLE
Xitna
Federal District Court
New York
Tua Explosives Company
Pittsburgh By-Product Coke Company
Cormpany
Gaston, Williams & Wigmore
Dow, Jones & Co
Trade Dominated By Activities of The Government
Washington notes that government activity dominates trade as war economies affect markets. The Federal Reserve summary cites labor shortages from military needs, shifting freight, rising prices in wool and coal, and varied regional conditions from Boston to San Francisco reflecting war demand and supply constraints.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Ky Federal Reserve
Boston
Australia
New York
Philadelphia
Merger of United Shoe Machinery Held In Abeyance
Newark June 4 In a ruling the vice chancellor dismissed the injunction bid to restrain the United Shoe Machinery merger with its corporation and enjoined further action until counsel for objectors can decide whether to seek a higher court. Shareholders were to meet next Wednesday to vote, but the meeting is halted pending withdrawal of the injunction. Directors claim the merger saves costs and benefits the economy a claim cited as justification. Washington finances noted deficits and treasury balances with year end figures. New York Produce Exchange officers were elected for the coming year withRichard A Claybrook as president and Edward Flash Jr as vice president among others. Frederick B Lincoln named general manager of Erie Railroad Eastern lines and elected vice president of Pittsburgh Terminal Railroad.
MENTIONED IN THIS ARTICLE
Newark
Merritt Lane
United Shoe Machinery Company
United Shoe Machinery Corporation
Julian ©. Harrison
Court of Errors and Appeals
Econoy
Unien
New York Produce Exchange
Richard A Claybrook
Edward Flash
Vaward , Carhart
Edwin Freeman
J. W. Forbell
George W. Blanchard
W. A. Johns
J Burston Smull
Lyndon Arnold
Gratuity Fund
John V. Jowell
Frederick B. Lincoln
Erie Railroad Company
Pittsburgh Teminal Railroad and Con Company
Corporation Returns by Rail Lines in New York and Midwest
A historical financial snippet shows multiple railroad lines including New York, Susquehanna and Western. Detroit United Lines. York Central. Michigan Central. and Cleveland, Cincinnati, Chicago and St. Louis. Net after taxes and gross figures are listed for April, with totals like $8,342,462 and $6,027,893 for one line, and $4,181,713 and $3,533,145 for another. Figures appear to span 1917 and 1916 periods, indicating cross-year accounting data for these rail carriers.
MENTIONED IN THIS ARTICLE
New York Central
Isiaihuy
Detroit United Lines
York Central
Cleveland
Cincinnati
Chicago
St. Louis
Hoso
Dividends Declared by Major Rail and Energy Firms
A roundup of regular quarterly and semiannual dividends announced by Pittsburgh Fort Wayne and Chicago iuhttany Susquehanna New York Harlem Lackawanna Western Power and Light Union Traction United Engineering and Foundry Beech Creek Rensselaer and Saratoga Detroit and Mackinac Pan American Petroleum and Transport Union Passenger Railway Cumberland Producing and Refining. Payments cover common and preferred stocks with record dates in June and July.
MENTIONED IN THIS ARTICLE
Pittsburgh
Fort Wayne
Chicago
Iuhttany & Susquehanna Railroad
New York
York, Lackawanna & Western Rail
Waywon Power & Light
Record Union Traction
United Engineering & Foundry
Beech Creek Railroad
Mack
Rensselaer & Saratoga RB. R
Detroit & Mackinac R. R
Pan-American Petroleum & Transport
Union Passenger Railway
Ieyrular
Cumberland Producing & Refining
Stock market shows decline in Mercantile Marine shares
Downward revision in recent weeks placed the stock at 51.23 a share below Wall Street expectations. Directors intend a conservative policy on back dividends. International Mercantile Marine preferred fell 2 points while common declined a point. Trading volume reached 26,800 for the preferred and 5,400 for the common.
MENTIONED IN THIS ARTICLE
Wall Street
International Mercantile Marine
Stock Exchange
Financial Market and Commodity Snapshot From Historical Records
The data presents national banking reserves against deposits, notes liability, and gold reserves, alongside average stock prices for railroads and industrials. It lists cotton spindles, crop yields for wheat corn and cotton, and various monetary figures including discounts, currency in vaults, and railroad stock prices with scattered figures across multiple sectors. The fragmentary nature leaves several numbers unclear but indicates a broad economic overview.
Government Upheld In Santa Fe Suit
Washington June 4 Supreme Court decisions include upholding Montana decrees approving the Parett Silver and Copper sale to Anaconda Copper Mining by Henry H M Rogers and associates. The suit by former stockholders contended the sale violated the hours of service act. Also sustained were railroad relief claims and penalties against Santa Fe for forest reserve violations. The court upheld California excise taxes on foreign corporations in interstate commerce and annulled Georgia whistle post law on public crossings.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Montana
Parerott Silver and Copper Company
Anaconda Copper Mining Company
Henry HM. Rogers
Santa Fe
Federal Forest Reserves
St. Maal
Capur Alene
Puget Ound
California
Hpot
Seaboard Air Line
Georgia
London Stock Market Uneasy Despite Gains in Bonds
London markets showed a generally good tone with dividends reinvested on a larger scale boosting gilt edged securities. Shipping shares led gains with Prince Line and Cunards active, oil stocks slipped on profit taking, while American securities closed undecided. Paris trading was quiet with 3 per cent rentes at 81. France. Germany shows bank figures and total gold holdings at 2.533 billion marks. National Conduit and Cable syndicate closes as stock sold and profits distributed.
MENTIONED IN THIS ARTICLE
London
Russia
Prince Line
Cunards
Paris
France
Prichitt & Co
Miller, Roe & Hagen
National
Conduit and Cable Company
New Banks Chartered in Early year reports
Reports of the Controller of the Currency show 165 national banks with a capital of 13,000,000 chartered during the first five months of this year. During the same period old banks increased their capital stock 10,000,000.
MENTIONED IN THIS ARTICLE
Washington
Sane
Our Growing Trade With Latin America
Trade between the United States and Latin America is projected to reach about 1.5 billion dollars in the fiscal year ending June 30. Nine months to March show imports from Latin America at 650 million and exports at 420 million, totaling 1.07 billion, indicating strong growth over prior years and near tripling of prewar levels.
MENTIONED IN THIS ARTICLE
United States
National City Bank of New York
Latin America
Also Mentioned on This Page
R. L. Day & Co
William P. Bonbright & Co
Nassau & Cedar Streets
Jurem T
Beeweight & Co Bonbright
Sube Ecription Bank
Ahbiekmored
Ipbroadway, NY
York
Columbia U. S. Gov't Liberty
Broadway
New York Stock Exchange
Rupealo
U.S
Liberty Loan
S. W. Straus & Co
Coggeshall & Hicks
York Block
Finance Economics
Mills Building
Broad St
Telephones
Hanover
Cipalities
Money and Credit
National Bank
U. S
Jawi
Japan
Willey
Liscon
Esterday
Stockholm
Helen
Ted Staten Mint
Denmark
Sweden
Abo
Cnet
Vranklin
Franklin
Dax
A. M. Co
Edward Charles Grenfell
Lord Pirrie
J.P. Morgan
Harold A. Sanderson
Charles Steele
Pan-American Petroleum and Transport Company
Frst
Journal of Commerce
Old Dominion
Miami
North
South America
Anaconda
Pholys-Dodse Corporation
United Shoe Machinery
U. S. Treasury Finances
Dune
United States Treasury
Michigan Central
Federal Reserve Banks
Yculentar
Saeed
Moma” Fmune
Hank
News Digest
Berlin
Imperial Bank of Germany
Investment, Inc
Secur Fue
Ove Se Dive
Hartshorne & Battelle
Haan
Broad Street
New York City
Railroad, Industrial and Public Utility Co's
Don Morshel
Morgay
New York Stock End
New Yorti
Citier Service Company
Henry L. Oher Oher
Wall ST
Goodbody & Co
Telephone
Broad
Inc
Consolidated Exchange
Service Certified
Wilson & Chardon
Union Trust Co
Guardian
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