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This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 06, 1919
Page
34
The market closed with an industrial average at a new high for the year, despite a day of uneven price moves. Notable stock gains included United States Steel, Studebaker, Continental Can, and General Motors, while copper shares rose on predicted metal strength.
The report shows call money at 8 percent for collateral and steady rates across several terms, with lenders cautious on new loans. It notes yesterday’s and year-ago comparisons, bank acceptances steady, and foreign exchange markets largely unchanged amid varied international quotes. The piece mentions underwriter activity for Empire Gas and Fuel Notes and a syndicate formed by Doherty & Coy to back the issue, amid expectations of continued market stability.
A fragmentary editorial argues against the view that current securities lack tangible value. It claims strong overall economic forces support continued bond investment and warns against unloading to avoid losing wartime profits. The writer references postwar markets and government taxation as ongoing considerations.
Four directors of the International Mercantile Marine Company oppose selling its British assets and plan, with John W. Platten and Frederick W. Scott resigning from the proxy committee. Platten and Scott argue a sale would liquidation and harm American stockholders, while others push for a timely June 1 special bid. Franklin condemns the sale and asserts stockholders’ interests.
A disrupted news item states Cunard Line denies any interest in a marine venture with Bir Alfond Woot serving as chair. The article indicates Cunard and associated steamship interests have not pursued the proposed partnership and clarifies leadership roles in the discussion.
The Tobacco Products Corporation invited holders to subscribe at ten dollars per share for the newly formed Tobacco Products, Exparta Corporation, taking over foreign factories and business. Record dates set for July 1, with 459,000 shares held by the parent firm retaining control.
The Wil the Chalmers Motor Corporation Ware yesterday reported nearer enm noting than at any previous time, and he terms which the directors of both companies are considering for the way of Rew stock for the proposed mewell-Chalmers Corporation became idle if fin plin suggested. 4s adopted a 6% demention Ravine approximately 1600 shares of no par yolur will be Iovachid, with Maxwell 1st preferend Reline 120 per text in new stack, Miowwell 20 preferred 60 per cent and Maxwell common 70 per cent, and Chal- Hiers [reforced will get 40 per cent bn naw stack and Chalmers common 15 per cent.
National banking data show surplus reserves and bills discounted by Federal Reserve banks. The report lists total gold reserves, commodity prices, crop yields, and freight clearings, alongside commercial failures and building activity. It includes figures for wheat, corn, cotton, and livestock, plus distribution of railway earnings and price indices.
Eight independent packing houses will merge into a new concern capitalized at 165 million dollars. James Imbrie, head of Imbrie & Co, announced the plan and said J B Hawkinson of Chicago resigns from Wilson & Co to become president of the merged firm. Details await Hawkinson’s New York arrival next week.
Net income from operations for the New York Central Railroad in 1918 fell far short of the guaranteed amount under a federal control agreement. The report shows total revenues and freight and passenger figures, with significant reductions in operating income and substantial equipment allocations, while the company faced higher expenses and adjusted asset valuations.
The Mexican government plans negotiations with New York financiers for rehabilitation funds as Congress considers emergency labor, debt, and economic measures. Officials say a legislative framework may permit backing rail and infrastructure projects, while a recovery plan hinges on funding and international support.
Midvale Steel announces an $8 million reconstruction plan affecting its Johnstown and Nicetown plants. The measure funds employee welfare, home ownership advances, and a new hospital for workers while modernizing Franklin plant equipment and open hearth departments.
A garbled historical notice describes long lines forming in Paris for bonds. The readable fragments mention crowds, a financial or municipal issue, and references to officials and amounts, though details are obscured by OCR errors.
Investment bankers from Maetin a Fo and Parkve Con of New York joined MaDa Co and others to acquire oil properties in Texts Venhonim and Lovialana. A new stack will be used at a forthcoming securitine pod, with names of the rempantos not yet announced.
A shipment of refined bullion from Ottawa arrived yesterday at the Assay office to represent the British government in a coinage operation. This is the second shipment since the movement began Tuesday, totaling 12,800,000 and aiming for a final aggregate around 50,000,000.
Fragmentary text mentions dates, names, and actions but lacks coherent facts. Readable entities include months and scattered terms while key details and context are missing, preventing a clear summary of event, party, place, or outcome.
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