Liberty Loan Appeal Urges Aid to Democracy Abroad
A newspaper snippet invites American freemen to support the Liberty Loan drive and aid in upholding democracy worldwide, signaling a patriotic fundraising appeal during wartime.
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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 06, 1917
Page
2
A newspaper snippet invites American freemen to support the Liberty Loan drive and aid in upholding democracy worldwide, signaling a patriotic fundraising appeal during wartime.
The 1916 report of the Wabash Railway shows profits of $5,808,498 despite higher operating expenses and taxes. Improved efficiency cut the operating ratio, with loaded car miles up 10.9 percent and tons per loaded car mile up 5 percent, while maintenance costs fell due to fewer ties laid. Debt charges declined, funded debt dropped, and total expenses reached $22,? million alongside tax increases.
Argentina approves new wheat and flour export licenses per the National City Bank foreign trade report. A flowing shipment of 150000 tons of wheat and 20000 tons of flour to Great Britain is allowed, with 1000 tons wheat and 6000 flour to Uruguay, 20000 wheat and 95000 flour to Spain, 5000 wheat and 1000 flour to Paraguay, 25000 wheat and 45000 flour to Brasil, and about 5000 tons to Norway to be decided later.
Liquidation of allied advances by American banks via collaterally secured demand loans is nearly complete. Bankers estimate obligations outstanding as high as 500 million dollars, repaid from US government funds raised by selling certificates of indebtedness totaling 718,205,000 pounds. Treasury reported 907,000,000 dollars paid to Allies by week’s end. Britain, acting for Allies, expected to abandon market borrowing on call as the government assumes Allied financing supervision.
New York New Haven Hartford reports April gross operating revenue of 7 046 502 up 408 161 from last year with net operating income 2 948 056 vs 1 905 919. Central Railroad of New Jersey April revenue 2 920 855, up from 2 677 860. surplus after fixed charges 276 650. Interstate telephone revenues for January show large companies with operating income 7 167 207 on 25 695 599 receipts. Cotton prices firm in Liverpool with spot quotes and futures mixed. arrivals 2 000 bales, 4 800 American for speculation.
United States finances show net balance in general fund of $1967.08 million, total receipts $7,717,026,000, total payments $4,065,526,000. The fiscal year deficit stands at $5,764,20, compared with last year’s $41,141,000, excluding Panama Canal and public debt transactions.
Washington June 5 Former Governor W S Stubbs of Kansas urged the Interstate Commerce Commission that railroads hold a billion dollar surplus and should spend it now to avoid a freight rate rise. He argued a 15 percent increase would shift a 30 million dollar burden to consumers amid war taxes. Clifford Thorne of the National Shippers Conference contended 1917 earnings would lag 1916 but warned not to base rates on a banner year.
London investors see abundant funds fueling activity on the Stock Exchange. Colonial bonds, war loans, and ammunition shares lead gains while Japanese, Brazilian, and rubber issues standout elsewhere. American shares weakened due to Wall Street holiday. Money supplies and lower yields support buying with steady discount rates around 11 16 percent for short bills and 1 1/2 percent for three months. Major quotients include Consols, New York Central, Atchison, and Union Pacific amid mixed performances across sectors.
Commodities report shows weak butter demand with varied creamery grades and tentative concessions for larger sales. Cheese imports limited to 8087 boxes with export packing, while milk and poultry markets face scattered shipments and uneven prices, with overall trading quiet and prices steadier on high grades.
Report describes a market move to support President Wilson's policy to prevent food price spikes. Traders note liberal corn buying but no rush to lift prices. July wheat at 2.50 with a 14 cent rise, September at 1.37. With low stocks, traders fear a stampede if shorts move, prompting the board to set a maximum price.
Disjointed bankruptcy notices involve Hotel Wermitace Company, their creditors, and appointed officers. Proceedings reference sale, petitions, and court actions with names such as Isaac Struncin and Charion, indicating a legal process to marshal assets and resolve claims.
The British consul at Ekaterinburg reports a local engineering firm, once focused on German machinery, has leased about 120 acres near Ekaterinburg to build large metallurgical works after abroad tests on Ural iron yielded excellent results.
Chicago officials announced a maximum price for corn futures at the Chicago Board of Trade to curb volatility. Joseph T. Griffin, president, said the limit of 1.65 dollars per bushel was set by directors after recent price surges. The rule governs corn and wheat trading beginning with tomorrow’s session.
Weather notes show scattered garbled text about Atlantic conditions and regional observations. It references ships or teams and vague mentions of wind, temperature, and forecast terms, but details are unreadable and results cannot be determined.
Stockholders are invited to a meeting at Room 437 Noose Street Llanballan New York on Wednesday the third day of June 1911 at 12 o’clock noon for election of directors and to transact other business. Secretary assignee’s sales details follow with notice of material items and location in New York County.
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