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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 06, 1916
Page
3
Trading in New York bonds Monday reached 5.749 million dollars, up from Saturday and with year ago levels. The report highlights government bonds, Canadian issues, and notes a Manila Railroad meeting about a provisional agreement with the Philippine government involving four million dollars in cash and related terms.
Private arrangements led by Baron de Neuflize with French banks fund American exports to France under Bank of France auspices. Market near unchanged with motor stocks rising on merger news while International Mercantile Marine surged on shipper fortunes. Japan’s gold reserves climb above 50 million, with discussions of shifting custody from London to New York and potential further inflows.
The cotton market was less active with narrow fluctuations and scattered liquidation. Livers pool houses absorbed offerings while abroad demand and new crop buying supported prices briefly. export activity remained strong and acreage estimates were revised upward, signaling cautious optimism amid mixed near term momentum.
Brief Wall Street item notes the special meeting of E I du Pont de Nemours Powder Company to vote a capital reduction from 60 million to 4 million was postponed after holders of 4 percent bonds filed a suit to restrain action. Packard Motor Car shares approve a 5 million increase in common stock. Henry B Joy named chair. Alvan Macauley named president. War related funds linked to Newfoundland investment. Baker, Carruthers & Roe consult bankers for up to 45 million in needed capital.
Wheat futures weakened in New York while Chicago saw firmer covering after Friday’s fall. Prices in Minneapolis and Winnipeg stayed mostly steady with modest gains, while overseas markets in Liverpool slipped on weak demand. Local cash markets showed limited activity for corn and oats, with careful buying and stable to firm prices for selected grains and provisions.
The text notes Newfoundland has financed needs in London and Canadian provinces seeking funds. Nova Scotia negotiates around 1.9 million, Quebec about 7 million, and British Columbia around 10 million. A ten year issue by Alberta or another province is mentioned as well, with bankers citing a temporary market wobble after the Jutland naval setback.
Consolidated exchange and toll revenues for Bell Telephone System in the United States for April show total operating requirements at 13, and net operating revenues of 10,217 with a gain of 759,208. From January 1 to April 20 the company earned 43,764,775 in gross revenues, and net after expenses to tailed 29,068,686. Eastern Pennsylvania Railways reports April net operating revenues and surplus up over last year, with gross returns from railway, gas and electric departments totaling 79.50 and net earnings from operation at 28,107. The surplus available after charges and rentals rises to 6,408.
A historic notice describes price cuts on produce items including turnips rutabaga tomatoes watercress and white onions. The brief lists quantities such as 100 bunches and assorted unit prices with total charges adjusted to new lower rates.
The weekly livestock receipts show Beeves Calves Sheep and Hogs with dull demand and declines on steers and cows. Prices ranged common to choice steers 4.25 to 10.60 per 100 lb and tops around 10.60, cows 4.25 to 9.25, extra fat cows 8.00 to 8.80, calves firm to higher with skim milk calves 5, mixed veals 8, dressed hogs 7.5 to 9.0 per 100 lb, and lambs weak though some sales near 12 per 100 lb. Plans for Marquette Railroad reorganization detailed with capitalization cuts and new cash provided by old holders and a syndic, to retire certificates and adjust stock.
The article outlines money exchange details with rates, discounts, and financial terms. It mentions mercantile interests, a case involving bail or payment, and references to foreign exchange including France. It reflects an era of varied currency dealings and bank notes.
Fragmentary OCR shows a chaotic mix of business troubles, elections, and railroad earnings. The text references February 19 or 24, bidding for political figures, and mentions rail earnings with April comparisons. Notable names include Theodore Roosevelt and Myron T. Her rick as potential dark horse candidates in a Chicago convention context. The piece reads as a late 19th or early 20th century newspaper brief collage of economic and political items.
A fragmented OCR notice lists multiple local names, dates, and places related to police department actions and community notices. It mentions people such as Richardt Maher and Peter Lamarca along with several place names and dates, including references to early January events, meetings, and inspections. The text is unreadable in places but preserves a pattern of official actions and community references.
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