Market Ends Mixed After Choppy Trading Session
Traders faced indecision as opening prices wavered and the market drifted downward then partially recovered. Notable moves included American Beet Sugar, General Motors, Marine common, American Woolen and Nova Scotia Steel while Studebaker and American Woolen showed wide swings amid 1.6 million shares traded.
MENTIONED IN THIS ARTICLE
General Motors
Marine Common
American Woolen
Nova Scotia Steel
Wilson & Co
Studebaker
Fla
Market Opinion and Bulls Crest for Crucible Steel
Market commentary from Wren Bran & Co and others notes Crucible Steel gains on investor optimism. Analysts from Clark, Chida & Co and S.B. Chapin & Co discuss profits, crops, foreign trade, and wealth driving higher prices. Money markets show gold imports resuming while Chicago centers report ample funds for business.
MENTIONED IN THIS ARTICLE
Hornblower & Weeks
Canada
Chicago
Western
E. W. Wagner & Co
Money and Credit Mixed in Turbulent Bond Market Action
Money and credit conditions showed volatile moves with call loans on industrial oil steady near 19 percent, renewals around 6 percent, and gaps to 4.6 percent during trading. Time loans touched the legal maximum but closed at open levels, while renewals at 5 1/2 percent appeared for shorter periods amid scant supply. Bank clearings in New York, Boston, Chicago, and St. Louis posted large totals, and London money markets showed firmer rates with a modest dollar uptrend.
Electric Utilities Earnings and Assets Across Several Firms
A garbled table lists corporate returns and assets for multiple power and gas companies including Northern Texas Electric, Connecticut Power, Wall River Gay Work, and others. Figures show net earnings, total assets, and yearly changes with numerous scattered numbers and dates, reflecting historical financial standings and operations across the sector.
Dividends Reduced at Lehigh Valley Railroad Company
Lehigh Valley Railroad trims the regular quarterly common dividend from 2% to 1% per cent, payable June 14 to stockholders of record on or after July 6, 1919, as it scrambles to meet rental payments. The regular 2 cent preferred quarterly dividend is also declared, payable to stockholders of record June 14. London markets note Whitsuntide holidays with the Exchange closing June 7 and 4.
MENTIONED IN THIS ARTICLE
Lehigh Valley Railroad Company
Bankers' Money Committee Holds Secret Session On Market Calm
The Bankers' Money Committee met secretly last Monday at Governor Strong's call for the first time since January. Reported discussions centered on liquidity and speculative pressures in Wall Street with no official statement given. McGarrah declined to comment and Strong said he had nothing to say.
MENTIONED IN THIS ARTICLE
Governor Strong
Bankers' Money Committee
New York
Benjamin Strong
Federal Reserve Bank of New York
Wall Street
McGarran
Cha Han
Commtee
McGar Mh
Aggie
Federal Reserve
Hank
Ecxrh
Heal Liberty Lawn Organisation
Tos
Money Committee
Wall Street Credit
Tme
Frank A. Vandertin
AJ M. Wirgin
Charles I. Sabin
Gate Wi McCarrah
Walter EH. Frew
James A. Alesander
James N. Wallace
Willon Conway
Jackson KE
Reynold
Forecast of 1919 Profits for International Mercantile Marine
Shareholders were told earnings for 1919 may rise 25 to 50 percent above the 1917 1918 average of 11 832 308. April earnings show improvement as British and American properties operated under nearer normal conditions. The board backs liquidation and sale of British fleet, with market signals suggesting stockholders may vote against the plan.
MENTIONED IN THIS ARTICLE
International Mercantile Marine
Hoboken
Emerson E. Parvin
Wall Street
International Mercantile Marine Company
Plas S. Franklin
Treasuries
Requa Resigns Oil Post to Join Sinclair Interests
Requa resigns as director general of the oil division of the United States war administration to join Sinclair Petroleum Interests. He will likely become vice president of the Consolidated Oil and Refining Company, formed to acquire Sinclair Oil and Refining Company and related properties. The Sholan Company changed its name and boosted authorized stock to 5 million shares to accommodate merged assets.
MENTIONED IN THIS ARTICLE
Ts Requa
United Sates
Sinclair Petroleum
Requa
Consolidated Oil and Refining Company
Sinclar Oil and Refining Company
Sinclair Gulf Corporation
Shareho
Sholan Company
Ht. 4Field
Fuel Administration
Conjon
National Petroleum War Service Committee
Bureau of Mines On Petroleum
American Insilite of Mining and Metallurgical Engineers
Independent Oil Producers’ Agency of California
Lehigh Valley R R Dividends Cut Noted By Directors
Lehigh Valley Railroad directors cut the quarterly common stock dividend to 1 percent annually seven percent, with a 2.5 percent rate on preferred stock. President KE Loomis cited safety margins and conservative management, noting possible future increases if conditions justify it. The union also set the regular preferred dividend and outlined a July payment timeline tied to government rental payments.
MENTIONED IN THIS ARTICLE
Lehigh Valley Railroad
KE. E. Loomis
Lehigh Valley Railroad Company
Omnion
Orax
United States
Significant Relations Money and Prices: 1947 Economic Signals
A dense data row lists money stock, gold reserves, Federal Reserve operations, and price indexes. It includes totals for loans, bills, and notes, plus averages for stocks and bonds, along with food and commodity indices, industrial production, crop yields, and railroad earnings. May figures and Dun's and Bradstreet indicators appear, reflecting broad economic activity across banks, manufacturing, and trade.
MENTIONED IN THIS ARTICLE
Federal Reserve
Confer on Electric Railway Problems
A New York Tribune report states a June 4 meeting where a committee of the American Electric Railway Association conferred with Messrs. Thielen and Niles of the Railway Administration about chaotic relations between electric railways and steam lines. Discussions covered freight division, reimbursements, physical connections, Interstate Commerce Commission rules, and two days’ free unloading for steam-delivered cars.
MENTIONED IN THIS ARTICLE
New York Tribune
Washington Fur
Washington
American Electric Railway Association
Messrs. Thielen and
Niles
Railway Administration
Inter
Congress
Bir
Interstate Commerce Commission
New York Edison Report Shows 1918 Earnings Per Share
New York Edison Company reports for the year ended December 31 1918 operating revenue of 20 compared with 25 68 008 the prior year After charges and deductions earnings per share equal 5 188 TAB on 65 45 417 capital stock vs 10 05 a share the year before Stockholders received 4 616 178 in dividends the same as 1917 Total surplus stood at 37 032 597 with 108 732 subtracted for contingencies leaving a profit and loss balance of 36 025 822.
MENTIONED IN THIS ARTICLE
New York Edison
New York Edision Company
Wall Street Items Describe Exchange Leadership Changes
The piece notes leadership shifts in several firms and institutions. Clarke becomes Volt and Saver Wa hag, while a Globe department and Chicago unit appoint new heads. A director succeeds the late Charen Hot William DP Mathurn as chief examiner for the Eevand, and Nevtera Wane Matviot is elected vice president of the American Exchange National Bank.
MENTIONED IN THIS ARTICLE
William DP Mathurn
Eevand
Nevtera Wane Matviot
Vine
American Exchange National Baa
Also Mentioned on This Page
MacKay & CO
New York Stock Exchange
Bank & Trust Co
Lond
Ular T.E
Henry L. Doherty & Company
Inor
Broadway
Building
Wright-Martin
Lone Star Gas Stock & Rights
Midland Securities Int'l Motor Truck Com
Kirby Lumber Com
Pfd
Dk. Rice,tr.&Co
Commonwealth Petroleum
Hughes & Dier
Broad St
Mead
Omer
Wein F
Sumoeares
NOBLE
Bankers Trust Nat. B. Commerc
Theodore
Corwin
Bordens
Otis Elevator
Gonl
Gulf States Steel Company
The
Steel Corporation
Wren Bran, & Co
Crucible
Crucible Steel
Tam
C. A. Morae
Clark, Chida & Co
S.B. Chapin & Co
Black, Maroney & Co
Money and Credit
Ston
St. Louis
London
Jolla
Sub-Treasury
Lisbon
Paris
Ag Sterling
Pranes
Uni
Sweden
Denma
Denmark
Norway
Japan
Argentina
Breall
Rio
Tirayil
American Relief Administration
Germany
Poland
Czechoslovakia
Hrouklay Vaio Gas Company
Kias Helge
Wien
Netouerni
Howell Picettie Light Corporation
Hains
Ing
Florehits
Bes
Northern ‘Texas Electric Company
Carases
Ley
Engnins
Shafing Vice
Blackstony Valley Gas and Electric Company
Awrh ii
Dun Aller
Eusning
Sur Aftey
Connecticut Power Company Analees
Elite
Wall River
Texas
Indtiie Company
Chew
Aoa
Hdinon Electric Muminsting Co
Brockton
Wens
Nat Eweninen
Yala Sur
Stor Chy
Clnlventon-Ionatan Electric Company
Deereune
Stock Exchange
Huston
Bankers’ Money Committee
Mercantile Marine
Ompany
Great Northern Railway Company
N. Y
Mass
Conn
First National Bank
Clark, Dodge & Co
Sinclair
Hares
Forbes
Nebrasha
Hobbs 4
Heap
Alaska
Davis & Bayliss
Lehigh Valley
R. R
U.S
Asparaco
Teast
York
Apel
Aerreth
Dun‘s
Bradstreet's
BT Cities
Texas Oil Maps
Avery
Atyithin
Henan
Thanesou
Murphy & Bolanz Company
Dallas
Mataserse
Metropolitan Trust Company Tork
City of
Will Street
Liberty
Éash Py
Victory Loan
Purdy & CO
Tol
Toh
Pine St
Central Union Trust CO
Rin Street
Commerc
Chatham & Phenin
Rational Bank Capital & Surplus
Freeeurces
Singer
Gulf States
Div Dend
New
Yor
Clarke
Sure &Kinney
ROT Monster
Uhicago and
Kapterm Tlink Kuliond Company
Wi Kik Aon
Pengned
Banald
McPhersen
Charen
Hot
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