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This newspaper page contains 17 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 07, 1912
Page
29
Finance notes discuss Clover Leaf earnings, projected deficits, and May expenditures. It covers transportation bonds, rail mill construction, and Pennsylvanian rail investments, with figures on deficits, and protection franchises sought by banks and alarm companies.
The notice calls for sealed bids by June 1 for $80,000 four percent serial bonds. West Market will receive bids until the stated time for the semi annual coupon, with specifics on seats and payments. Bidders must meet conditions set by the committee and city authorities.
McKerchie representative to Missouri Pacific board announces retirement. Fragmentary text notes uncertainty over dates and positions but references rail line, resignations, and potential successor details.
Creditors may seize Porcupine mining properties as 15 firms hold claims. Thomas Reinhardt, once a broker on Broad Street, returned from London after failing to settle debts. He opened an office there to negotiate asset sales and faced objections over property valuations. If successful, the move could have salvaged the business, but Reinhardt faces bankruptcy proceedings with £250,000 in alleged claims and a plan to offer Porcupine assets to satisfy creditors.
Reports show growing earnings for electric utilities in the Pacific Coast region due to increased industrial activity. Hydroelectric power enables lower rates than steam, prompting new hydroelectric firms to meet demand. The Central Sodium Gas Co controlled by a Chicago syndicate acquired Anderson Gas Co of Taleian, operating in Anderson and nearby towns. Erie County Natural Gas and related firms discuss lease adjustments and hearings in Buffalo, with the price terms under review and possible re-leases to other entities.
The notice details railway and steel industry moves with National Surety and Marriman Mines backing. J J. Turner becomes president of Take Grin & Pittsburgh Railroad, alongside Mr. Brown of New York Central who was reappointed.
The text describes monetary rates, exchange values, and banking activity with references to percent rates, foreign exchange, and clearinghouse figures. It notes fluctuating demand, note indorsements, and various currency buy and sell quotes alongside bank clearing totals and treasury references.
Treasury brief notes the general fund balance and a plan for public works. It references the United Treasury and Philippine Treasury balances and mentions Panima Canal and related projects. The text is fragmented but indicates official financial reporting and planning.
A state bond sale saw 104 bids for three classes totalling 35,006,000 with the first class for fifty years, funding improvements to canals and highways including Cayuga and Seneca canals, Baranga terminals, and state river reclamation. Bids ranged 9 to 10 percent, with awards to major banks and trusts in New York and Philadelphia, reflecting diverse canal and highway funding goals.
The readable text shows scattered phrases about grain, provisions, trades, and prices in Chicago. It mentions the New York market, appears to include calculations or notes, and contains numerous garbled words and stray characters, making specific details unreliable.
Wheat futures opened lower but recovered, with gains in the early session and a late-day retreat as rains in the southwest and cooler temperatures influenced prices. Corn held steady amid forecasts of smaller feed demand, while soybeans showed mixed movement. Foreign markets were mostly unchanged or higher, with U.S. and Brer/Mute trade chatter noted.
The page details market notes on grains including wheat and corn, with price trends, regional observations, and quoted levels. It references markets, stock activity, and futures for July notes while noting general industrial context and price movements.
A detailed market roundup lists beans marrow and peas with wholesale values, noting export potential and unsettled demand. Butter and cheese stocks are described as steady, with prices fluctuating. overall market weakness apparent but certain fruits and vegetables show firmer demand in regions like California and Georgia.
The York market reports cattle calves and lambs with steady to mixed demand. Beef cattle show higher prices on some classes while vealers and lambs respond to feed and processing pressures. hogs remain steady with lighter loadings and a few high grades reported.
Uneasy shorts rush to cover and push cotton prices higher on reports of stronger demand and weather across the belt. Buyers cover before the crop figures, with spot markets steady in the south and late day upland bids lifting the market.
Fragmented OCR item shows scattered cash quotations and commodity prices including cotton and flour terms, with unclear vendor names and figures. The readable bits indicate market listings and prices but lack coherent context or complete entries.
A fragmentary item notes a white substance labeled as So 1 Bl 3 with a specification of 3500mF. The unreadable OCR limits clarity on purpose, usage, source, or context. Further details are not recoverable from the provided text.
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