Wall Street Faces Uncertainty as War Profits Loom
Elgin National Watch president Hulburd warns of unpredictable business conditions amid war and shifting expert views. Market turnover shrinks to 268,800 shares. luxury demand persists despite war savings drives, with production restrictions limiting non essential goods. Marsh proposes a $10 billion tax plan targeting incomes over $50,000, but faces fairness and feasibility questions. National bank notes and London money markets show mixed movement as rates hold at low levels.
MENTIONED IN THIS ARTICLE
Wall Street
Elgin National Watch Company
Hulburd
Farmers’ National Committee
Marsh
Congress
Washington
National Bank
United States
London
Lisbon
Foreign exchange market holds steady amid quiet trading
The dollar in foreign exchange showed quiet conditions with narrow moves. Italian lire held at 9.11 per check, while francs and sterling remained firm. Closing rates compared with a week ago show the dollar to the pound as quoted in yesterday's notes.
MENTIONED IN THIS ARTICLE
York
France
Prence
Stockholm
Copenhagen
United Sates
Sweden
England
Money and Credit Rates in the Stock Exchange Amid Bank Loans
Money rates rose slightly in the afternoon with call loans against industrial collateral touching 6 percent briefly. Fixed date funds were steady near 6 percent, while time funds demand eased after banks placed large loans last week. Call money compared with a year ago showed 1 percent, with mixed collateral around 5 to 6 percent and five to six months near 6 4/5 percent. Bank acceptances remained actively demanded with rates around 4 1/4 to 4 1/2 percent for various maturities, and eligibility varied by bank type. Viscount Rates appears as a closing note in a continuing table of figures.
MENTIONED IN THIS ARTICLE
Gall
Stock Exchange
U.S. Exports Four Times Larger Than in 1914
The United States led global exports in 1917 with about four times the prewar level and twice Britain’s. Over a quarter of U S exports went to Europe’s battlefields, as 1913 figures show the United States supplying roughly one eighth of world trade in manufactures before the war.
MENTIONED IN THIS ARTICLE
United States
England
Europe
Germany
Nations City Bank
Great Britain
France
Belgium
Austria
Hingary
Italy
Etherlands
Japan
Switzerland
India
Sweden
Canada
Austia
Spain
Austria-Hungary
Russia
Netherland
A H Smith Publishes Eastern Railroads Federal Managers List
Alfred H. Smith regional director of railroads in the Eastern territory announced appointments of federal managers and general managers for major railroads. The appointees, approved by Director General McAdoo, oversee operations and report to the district director in New England, Ohio Indiana, and other districts with jurisdiction over each railroad.
MENTIONED IN THIS ARTICLE
Alfred H. Smith
McAdoo
Ner
Nese York
van Arpt
Matteend
Acid Tako
Serlefe
Itaburg Teale
Naterint
Sage Sinsto
Telenslbigor
General
Mannavr
Lahigh Valley
Haljevad
Amio
New Yorke
Ut” Gutatius
Delaware
Madsoi
New England
TT Torth
Southtation
Boston
Mark
Deaton
Peteralreamour
New York
New Haver & Hartford Mailroad
Central New Edgelaw Railway
New Tuvan
Caen
Douglass
Maina Central Ualievedy Omive Ak Vereland
W. Wardlaw
Central Vermont Railway
Nation
St Albans
Chowan
Rand
Trunk Railoway
Postla
Jarvis
Tulland Tallroad
Stutland
Ohio-Indiana
G. T. Poole
Fedeeamanager
Monnashvanta
Tien Wort
Erin
Pittsiursh
Cluciead
Lanapon
Northern Malliway
Anc Tarain
Asiiland & South Fom Hallil
Puttar
D. . Derimanscee
Chesapeake & Guin
Tollana
Peru
Gordon
Reneralier
Dtroit
Bean Cake Proposed As Food In Tokyo Palate
The Manchuria Daily News endorses bean cake from South Manchuria as a nutritious, affordable food for Tokyo. It costs about one third the price of rice and mixes with rice for table use, with Viscount Tajiri cited as mayor of Tokyo.
MENTIONED IN THIS ARTICLE
Manchuria
Viscount Tajiri
Tokyo
News
Market Barometers Stock Exchange Transactions Stocka Rail
Market barometers list stock exchange transactions and bond figures with daily, year, and date totals. Rail and other bonds show varied values, with January 1 to date totals for 1918 and 1917 indicating overall market activity.
MENTIONED IN THIS ARTICLE
Stock Exchange
Stocka
Stock market moves and bond prices on Liberty Loan and tubes
Credit on Liberty Loan 4s rose to 97.80 then 96.70 with rally to 97.08, closing 97. Second issues rose to 95.18 and 95.54 before closing 94.90. 3443 closed at 89.60. Hudson & Manhattan bonds fell amid weak tube traffic as fare increases were delayed by an official postponement order. Refunding Ss declined to 68 and closed 69. Puget Sound Power notes offered privately at 98 for refunding. International Mercantile Marine stock rose to 104% amid unconfirmed reports of a British shipping announcement.
MENTIONED IN THIS ARTICLE
Stock Exchange House
United States Liberty Loan
Jds
Hudson & Manhattan
Medoo
Puget Sound Treation, Light & Power Company
Harris, Forbes & Company
Lee, Higginson & Company
Estabrook & Company
Boston
International Mercantile Marine British Shipping
Motor Trucks Increase Use At Ports and Centers
The article notes rising congestion around principal ports and industrial centers as motor trucks gain prominence. Regular city-to-city shipments are maintained by many firms, with the Philadelphia Return Loads Bureau pairing shippers and truckers to cut inefficiencies from empty or underloaded trips. The Fed Reserve Bank of Philadelphia comments on the speed and reliability benefits for valuable goods.
MENTIONED IN THIS ARTICLE
Philadelphia Chamber of Commerce
Pederal Reserve Bank of Philadelphia
Financial statistics show gold reserves and price indexes
The report lists monetary aggregates and price levels including total gold reserves and Federal Reserve note circulation. It presents averages for stock prices, food cost of living, general commodity price index, and production figures such as wheat corn oats cotton. It notes unfilled steel orders and gauge data across months, with crops and railroad earnings, bank clearings, and Dun’s failures.
MENTIONED IN THIS ARTICLE
Cotenan
Supreme Court Rules On Silver Vein Apex Dispute
The Supreme Court upheld the right of the Jim Butler Tonopah Mining Company to recover value from ore beneath the surface of its claim in a case against West End Consolidated Mining Company. The ruling centers on whether an apex or crest in the vein permits operation in opposite directions from that point, affecting Western mining operations.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Jim Butler-Tonopah Mining Company
West End Consolidated Mining Company
Nevada
Jim Butler Company
West End
Ontario Silver Dividend Resumed After Fifteen-Year Gap
The Ontario Silver Mining Company resumed dividends after a long lapse, paying 50 cents per share. The last dividend was in 1903. In 1917 earnings reached 43 cents per share while 1916 showed a $954 deficit. Strong silver prices near $1 an ounce, up from about 45 cents before the war, enabled the action.
MENTIONED IN THIS ARTICLE
Ontario Silver Mining Company
British government designates silver transfer through New York firm
Handy & Harmon of New York have been named agents for the British Treasury to oversee the shipment of silver melted from U S silver dollars under the Pittman act. About 60 million dollars in silver have been melted and largely shipped to India to back American credits.
MENTIONED IN THIS ARTICLE
Handy & Harmon
New York
India
United States
Blaine Named Vice President of Liberty National Bank
James G Blaine grandson of a famed statesman and Harvard 1911 graduate was elected yesterday as vice president of the Liberty National Bank on Wall Street He is noted as the youngest bank vice president in the market and has prior service as director of the Bureau of Development for the American Red Cross in Washington He will assume duties in the fall while continuing Red Cross work in Washington
MENTIONED IN THIS ARTICLE
James G. Cnosme
Liberty National Bank
Blaine
Harvard
Wall Street
Bureau of Development
American Red Cross
Washington
Harvey Gibson
Red Cross
Drop in Unfilled Orders for United States Steel
Unfilled orders for United States Steel Corporation at end May totaled 8,837,623 tons, the lowest since January 1916. The May decrease from April was 404,259 tons, marking the fourth monthly decline since January. With facilities under the War Industries Board, the monthly figures hold limited significance except for possible cancellations by non-essential industries.
MENTIONED IN THIS ARTICLE
Aoeus
United States Steel Corporation
War Industries Board
Corporate Returns and Earnings From Early 20th Century Firms
Report of operations shows Northern Ohio Traction and Light Co. gross earnings 8,610,588 with net after taxes 2,580,117 and surplus 1,255,48. S. H. Kress & Co. May sales 1,625,556. five month total 7, ISTARI sales 6,080,018. Penn Seaboard Steel 1st quarter gross 529,208, depreciation 166,964, net 362,021. mortgage bonds conversion and calls planned for December 1916 at 10144.
MENTIONED IN THIS ARTICLE
Northern Ohio Traction and Light Company
S.H. Kress & Co
Penn Seaboard Steel Corporation
Bank and oil executives elected to high posts
James G. Blaine Jr of Bodell and Co is named vice president of Liberty National Bank. L. G. Huntley, noted oil geologist, is elected president of Island Oil and Transport Corp, with past ties to USGS Canadian investigations and Penn Mex Cortez Oil firms.
MENTIONED IN THIS ARTICLE
James G. Blaine, Jr
Bodell & Co
Liberty National Bank
L. G. Huntley
Island Oil & Transport Corporation
Mr. Huntley
United States Geological Survey
Penn-Mex
Cortez
Atlantic Gulf and West Indies Lines posts 1917 earnings gain
The Atlantic Gulf and West Indies Steamship Lines report 1917 net earnings of 62.2 percent on junior stock after war tax deductions. Gross business rose to 48.21 million from 35.18 million in 1916, with $9.65 million net income before interest and rentals. Victor Stone notes ships sold to the Mexican Sisal Commission for 4.25 million, partly in notes guaranteed by a foreign bank.
MENTIONED IN THIS ARTICLE
Atlantic, Gulf and West Indies Steamship Lines
Galen L. Stone
Stone
Comision Regudora del Mercado de Henequen
Mexican Sisal Commission
Mexican Navigation Company
New York and Cubs Steamship Company
United States
Saratoga
Havana
Massapequa
France
French Republic
United States Liberty Loan
Isauc
Paris Bourse Trades Quiet Amid Currency Snapshots
Paris trading showed calm with three per cent rentes at 56 francs cash and London exchange quoted at 27 francs 16 centimes. Other notes include Batavia Rubber Company receivership in a creditor equity suit, Swiss exchange setbacks, Hampden Railroad value testimony, and related Boston area finance references.
MENTIONED IN THIS ARTICLE
Paris
London
Avidet
Armour Bonds to Yield 71 Per Cent
Armour & Co announces an $80,000,000 debenture 6 percent bond issue offered to the public at about 7 percent yield. Chicago, June 10. President J Ogden Armour says the issue will precede similar deals by Chicago banks and invites small investors, with many bonds set at $100 and options to convert to preferred stock later.
MENTIONED IN THIS ARTICLE
Armour
Armour & Co
New York
Chicago
J. Ogden Armour
Forthming
New York Factory Payrolls Rise in April 1918
The New York State Department of Labor reports April 1918 employment up 2 percent from April 1917 and 80 percent from April 1915, with payrolls larger than March. Metal and machinery fell slightly, stone and clay products rose 3 percent, chemicals and food up nearly 1 percent, while clothing varied seasonally. The increase is attributed to wartime labor demands and higher wages, offsetting some job losses.
MENTIONED IN THIS ARTICLE
New York State
New York Department of Labor
Dividends Declared by Railroads and Companies
A list of quarterly and semiannual dividends declared by multiple companies including Allegheny & Western Railroad, Apsley Rubber, Certain-Teed Products, Dayton Power & Light, Detroit Hillsdale & Southwestern, International Harvester New Jersey, Joliet & Chicago Railroad, May Department Stores, New York Lackawanna & Western, and Wayne & Chicago Balloon, with payment dates in July and record dates in June or May as specified. The notices show various stock types including preferred and common shares and Per cent or dollar amounts per share.
MENTIONED IN THIS ARTICLE
Apsley Rubber Company
Dgy
Ible
Dune
D. C. Meath & Co
International Harvester Company of
New Jersey
Joliet & Chicago Railroad Companys
Department Stores Company Garterly
New York, Lackawanne & Westere Reearead Company
Bliver Mining Company
Also Mentioned on This Page
Liberty
FLAN
Hartshorne & Battelle
Investment Securities Membern
New York Stock Exchange
Broad Street, New York
Goodyear Tire
Om Roqvert
Merrill, Lynch & Co
Wall St
Telephone
Detroit
Cleveland
Reohanos
Midwest Refining CO
Merritt Oil Corporation
ELK Basin Petroleum CO
International Petroleum Imperial Oil Co., Ltd
Lobitos Oilfields, Ltd
Sapulpa Refining CO
Houston Oil CO
Port Lobos Petroleum National Fuel
AS CO
Northwest Oil CO
Cosdem and CO
Carl H.pforzheimer&co
Standard of Securities
Peoe
Bread M
M. Ef
R.c.megargel Sco
Morgan & Kane
Broadway
Eekly
Maton
E. Hutton & CO
Cincinnati
New Yorkie
Guaranty Thurt CO
American Chicle
United Gax & Elec
Republic KY
Central Union Thurt CO
American Type Founders
John Burnham & Co
Rector
New Y
Ork
Lark A. Noble
Theodore C. Corwin
Noble & Corwin
New
Nore Chase
kCom
Met
Broad
Finance Economics
Wald
Mills Building
Broad St
Federal Reserve Board
Senover
Bor
Sub-Treasury
Federal Reserve
eSas Ao
Philadelphi
Richmond
Atlanta
Louis
Inneapolis
Sas City
Nexas
San Francisco
Philadelphia
Money and Credit
U.S
A. H. Smith
P. E. Crowley
N. Y. Central
Puget Sound
Federal Reserve Banks
Federal Reserve Notes
Total Gold Reserve
Dun
General Fund
Ontario
J.G. Blaine
Liberty Bank
U. S. Steel
Atlantic
Gulf and West Indies
News Digest
Batavia Rubber Company
Julius M. Mayer
Federal District Court
Maxwell H. Bochow
Implex Rubber Company of America, Incorporated
Connecticut Cottons Company
Wecane
Teutons
Frankfurter Gazette
Hampden Railroad
Springfield
Mass
Hampden Railroad Corporation
John Oldham
Merrill, Oldham & Co
Beaton & Maine Railroad Company
Hampden Corporation
Inspiration
E. W. Wagner & Co
New Street
Metropolitan Trust Co
Allegheny & Western Railroad
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