Wall Street Buoyancy Driven by Draft Success and Steel Gains
Stocks climbed across sectors led by steel and industrials as investors cited the successful conscription registration and strong pig iron output in May. United States Industrial Alcohol rose to 156 stoking speculation, Bethlehem Steel B gained about 10 points, United States Steel common advanced to 131 after hitting 120 highs.
MENTIONED IN THIS ARTICLE
United States Industrial Alcohol
Bethlehem Steel B
United States Steel Common
Guaranty Trust to raise capital amid market shifts
The Guaranty Trust Company plans to increase its capital stock from 20 million to 25 million dollars. Shareholders will vote to ratify the action, with new stock issued at par to existing holders as one for every four shares. The bank reports 588 million in total resources and 25 million in surplus, reflecting a steady but cautious financial posture amid volatile currency and stock markets.
MENTIONED IN THIS ARTICLE
Guaranty Trust Company
Guaranty Company
Charles H. Sabin
Pig Iron Prices Rise as Output Hits New Peak
May output of SAITA 40 tons and total 110 238 tons marked the largest monthly total on record aside from October 1914, with six pig iron ships arriving in Pittsburgh. Prices ranged from 14 to 50 a ton, as 76 000 tons were sold in a week, including a 40 000 ton sale to one steel company and an estimated 20 000 tons at the top end. The Iron Age notes steel markets also affected by wartime orders from Washington for shell forgings and plates for warships, while government programs and labor shortages threaten mills and toolmakers across the region.
MENTIONED IN THIS ARTICLE
Weather Bureau
Wall Street
Crouns
Denmark
England
Pittsburgh
Washington
Cen | Western
Shell
Shell Steel
Navy Yard
Chicago
Money and Credit at the Stock Exchange Markets
Money on call remained plentiful at the Stock Exchange with rates around 3 percent, down from 4 percent on Monday. Banks offered near 25 million at 4 percent, time money held a firm tone due to steady offerings. Industrial collateral loans quoted 5 percent, mixed collateral 4 to 4.5 percent. cloning rates on money secure.
MENTIONED IN THIS ARTICLE
Stock Exchange
Reflexes of War News From Europe on Shortages and Trade
War time notes show Germany facing scarce female labor in agriculture with only half of vacancies filled in East Prussia. Spain halts Swine Remount exports, Swiss cattle exports to Germany barred until autumn, and Danish traffic declines due to coal shortages. Germany also lacks promised coal from Switzerland. Posen and Schleswig regions report similar labor gaps.
MENTIONED IN THIS ARTICLE
Germany
East Prussia
Pomerania
Posen
Schleswig-Holstein
Switzerland
Japan Seeks Expanded Trade With South America
The Japan Trade Bulletin notes Mitsui Nuean Kaisha and other steamship interests plan to deploy Mitsui vessels to the Pacific South American ports including Valparaiso San Pedro and Callao. The Osaka Mercantile Steamship Company will start regular Japan to Hawaii and Argentina cargo service with the Karate Maru and other ships visiting Windivestok Chinese ports Singapore Durban and Cape Town.
MENTIONED IN THIS ARTICLE
Sony
Windivestok
Singapore
Durban
Cape Town
Westinghouse to Withdraw from European Field
Westinghouse Electric and Manufacturing plans to dispose of its stock control in the British Westinghouse Electric and Manufacturing Company Ltd, moving toward English ownership via a new holding company. The deal involves about $6.05 million in bonds and half of $500,000 common stock for American vendors, shifting control to English financiers with a proposed capital mix and security structure.
MENTIONED IN THIS ARTICLE
Westinghouse Electric and Manufacturing Company
Westinghouse Electric and Manufacturing Company, Ltd
Westinghouse
Great Britain
Amerie
Ie British Corporation
Devy
Farmation
New Reich Holding Company
England
Thee
Tomalividand
Hor
Anntal
Societé Anonyme Westinghouse
Havre
Inter
Significant Relations and Bets Highlight Financial Figures
The report lists 166,954,000 and 27,776,000 as significant relations and related figures. It notes a boundary bet of 109.43 with a final figure of 99.00 reflecting stakes or valuations in the observed transaction.
MENTIONED IN THIS ARTICLE
Pieter Bet
Westinghouse plans sale of British unit after war
The article notes Guy E. Tripp denying any suggestion of war-related motives in the British Westinghouse sale plan. It describes British capital’s postwar appeal and American competition, highlighting the British unit's massive output, much of it wartime. It also mentions the French subsidiary’s focus on Allied war supplies and a prewar Italian firm filling contracts for the Italian government.
MENTIONED IN THIS ARTICLE
Guy E. Tripp
Westinghouse
Belieg
Great Britain
Tudian Company
Tratlon
Bondholders Seek Millions in Wabash-Pittsburgh Claims
The bondholders protective committee of the Wabash-Pittsburgh Terminal Railway, chaired by Daniel B. Ely, moves to raise millions for distribution from pending claims in New York Supreme Court and other claims. They urge $1 to $54 per bond from about 10,000 bonds to cover committee expenses and legal fees while pressing a $5,000,000 suit against the Pittsburg Toledo entente. The suit, begun in New York County Court, targets Gould and associates for nonpayment under a Feeminat contract. The committee says the claim amount now exceeds a substantial sum and investigations continue.
MENTIONED IN THIS ARTICLE
Wabash-Pittsburgh Terminal Railway Company
Pittsburgh & West Virginia Railroad
Daniel B. Ely
Prompt
United Action
Supreme Court of New York
Furgh
Ely Committee
Pittsburg-Toledo
New York
Wabach-Pittsburgh Terminal Company
Gorge Gould
Mente
Feeminat Company
New Oil Companies Formed in May For Oil Resources
Sixty eight oil companies were organized in May with authorized capital stock of 70,080,000. This compares with 29,285,000 in April, 61,450,000 in March, and 82,835,000 in February, according to The Journal of Commerce.
MENTIONED IN THIS ARTICLE
Journal of Commerce
Foreigners reinvest dividends in gilt edge securities
Stock exchange reports main orders favor reinvestment into gilt edge securities. Russians steadier. South American issues uncertain. American stocks traded sparsely above yesterday. George S. Storm elected president of Tobacco Products Corp succeeding Daniel Reid. board increased to thirteen with George Harder as director. Great Western Sugar declares extra $10 4 share on common and 1 1 2 percent quarterly on preferred.
MENTIONED IN THIS ARTICLE
Stock Exchange
George S. Storm
Tobacco Products Corporation
Daniel G. Reid
George Harder
Great Western Sugar
Louisville & Nashville
Atchison, Topeka & Santa Feo
Weyman-Hinton
George W. Holme
American Smelters Securities
Econome Od Ae Co
Continental Can
Shin
Western Union Telegraph
Tito Syvek
Dune P. Lorillard Co
Stats Motor
Posable
Dune
Duluth Superior Traction
James Hydenham
Arizona United Mining
Western Electric
Thyber
Aslmic Fon
American Cigar
American Tobacco
Ita
Manhattan
Ressler
Recon
Western Maryland and mining firms face capital and dividend talks
Stockholders of Western Maryland Corp approve a capital rise to 100 million and discuss Pure Oil purchase with N H Weber elected director. Porphyry copper group directors plan quarterly dividend talks. May mining dividends totaled large sums while Demian steel reports mixed earnings and surplus changes as of March 31 1915.
MENTIONED IN THIS ARTICLE
Ohio Cities Gas
Porphyry Copper
Utah
China, Bay and
Nevada Consolidated
Exposition Event Aims to Map Postwar Export Markets
A conference in Springfield Massachusetts from June 2 to 10 will focus on exporting challenges after the war. Eastern states products receive special attention with industry days like Paper Textile Leather and Rubber, Metal, Locksmith, and Chemicals. State and industry leaders, plus foreign trade partners, back the plan to outline markets, routes, and business practices for peace-time trade.
MENTIONED IN THIS ARTICLE
Springfield
Mass
Us Gold Drain Seen From May Exports Across World
A May surge in gold exports shows the United States shipped about 33.18 million more in gold than it imported, with total U S gold holdings down roughly 40 million since May 1. Exported gold heads mainly to Japan, Spain, and Mexico as credits to Entente powers rise, while imports halt mid May and June projections show a continued $40 million annual export pace.
MENTIONED IN THIS ARTICLE
United States
Globe
Japan
Spain
Mexico
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Finance Economics
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Iron and Steel
Hanover
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ub-Treasurs
Treasury
London
Dhine
Seer
Philadelphia
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Dollar In Foreign Exchange Guaranty Trust
Russia
Paris
Rome
U. S. Treasury Finances
United States Treasury
Balatire
Panama Canal and
Publi Debt Teatsaellers
Eables
Eable
Stockholm
Copenhagen
United
Ness
Liberty
the Liberty
Mackay & Co
Wm. P. Bonbright & Co., Inc
Redmond & Co
A. A. Housman & Co
W. E. Hutton & Co
Harvey Fisk & Sons
Harris, Forbes & Co
Money and Credit
Swine Remount Department
Switeerland
Total Reserve
Federal Reserve Banks
U.S
Thawnee
Apt
Wertreee
Sh Bette
The
Societa
Wes
Wabash
News Digest
Corporation
Maryland
Gaston, Williams & Wigmore
Inccome
the Engineering and Mining Journal
Tate
Northern States Power
Northwest Licht and Bower Company
Renville County Electric Company
Minnesota Valley Power Company
I Southern Minnota
Demian Steel Corporation
Stern
A. Fs Avery
Regulae
Payne Hie
Guaranty Trust
Payatte
Stork | Feear Dune
U. S
Canada
Bond
Moody’s Investors Service
Joan Muir & Co
George Reith & Co
Wm, Carnegie
Ewen
Knauth, Nachod & Kuhne
Carl H. Pforzheimer & Co
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