Marine Weekly Decline Stalls at 102 3/4
After the regular finance committee meeting, the Internation al Mercantile Marine Company reported progress on selling British ships. The stock closed at 102 3/4, unchanged from Saturday, after a dip on Monday. Directors of Slors Sheffield Steel and Iron set to meet in New York Friday amid tax worries. They may declare an extra dividend to compensate common shareholders for nine months of 1917. The April 19 rate increase to 6 percent annual was noted. the last payout was 1 1/4 percent in January 1917.
MENTIONED IN THIS ARTICLE
Internationl Mercantile Marine Company
B. A. 5. Franklin
Marine Preferred
Slors-SheMeld
Slors-Sheffield Steel and Iron Company
New York
Gaston, Williams , Wigmore
Gaston, Wil & Wigmore, Inc
Hie Corporation
Munna
Enos
Kaepperrnsa
Martin
Becrelans
Bank rates hold as demand for acceptances softens
The piece notes unchanged rates across thirty, sixty, and ninety day bills for eligible member and nonmember banks, with ineligible bank bills varying. It discusses price fixing rumors as unfounded, economic arguments against price control, and calls for readjustment of prices in industries like copper to sustain production while war needs remain. It mentions public utility finance talks, a letter from an investment banker, and London money market rates for context.
MENTIONED IN THIS ARTICLE
Nigher
Wall Street
War Board
Chicaro
Philadelphia
Sub-Treasury
New York
London
Dollar Foreign Exchange Nudges Rates Amid Gold Arrival
In a dull market yesterday the dollar moved narrowly on foreign exchange as $5,000,000 in gold arrived from Ottawa for the British government. The Italian plan to stabilize the lire appears working with the rate around 0.11 for checks, reflecting a broader shift in currency demand and the interplay between U S and Italian authorities.
MENTIONED IN THIS ARTICLE
Ottawa
Federal Reserve
Britain Resumes Gold Shipments To United States
Britain resumes gold shipments to the United States with a 5,000,700 dollar consign ment from the Bank of England via Ottawa reaching New York yesterday. The gold was deposited at the Federal Reserve Bank of New York and more shipments are anticipated as part of a larger Ottawa stock reported at 150 to 200 million dollars. The move reflects new US Britain financial accords and aims to support banking credits, with ironclad links to wartime loans and Allied aid.
MENTIONED IN THIS ARTICLE
New York
Bank of England
Ottawa
Canada
Federal Reserve Bank of New York
Reserve Bank
Federal Reserve Banks
London
Federal Reserve Institutions
United States
New York Federal Reserve Bank
Mies
England
Reginald McKenna
Calla
Great Britain
Ottawa St
Thia
Money and Credit Market Holds Steady Amid Tax Demand
Money rates remained firm as banks tightened offerings during tax payment season. Call money at 6 to 6J4 percent on mixed collateral and industrial calls, with fixed date funds steady at 5 to 6 percent for short maturities. The bankers committee has lent substantial sums recently to keep the call rate from rising, while gold imports from Canada for British accounts is expected to influence money rates. Bank acceptances slowed as principal buyers were out of town, with 6 percent cited for the best regular maturities.
MENTIONED IN THIS ARTICLE
Stock Exchange
Bankers Committee
Canada
London Exchange Markets Steady Amid War Bond Demand
In London the market remained steady with plentiful money and reinvested June dividends lifting war bond sales to 39,000,009 pounds. The stock exchange was quiet as war loans and French papers stayed well held. rubber, Marconi and armor shares led, while General uncertainty over the Western Front kept business subdued. Paris trading was very quiet with three per cent rentes at 48 francs cash in London exchange and 27 francs 16 centimes, and 6 per cent loan at 88.05.
MENTIONED IN THIS ARTICLE
London Exchange
London
Stock Exchange
Grand Trunk
Paris
New Zealand Customs Revenue Drops in March 1918
Official figures show New Zealand customs revenue for March 1918 at 1,412,357 pounds versus 1,743,028 pounds in March 1917. Despite a tariff rate rise on some imports from the United States, a larger portion of imports from the U S arrived than in any prior March, reflecting shifts in trade.
MENTIONED IN THIS ARTICLE
New Zealand
United States
Market Barometers and New Haven Financing Plan
Market barometers show bond and stock figures with U. S. government and railroad bonds listed. The article notes a plan to issue per cent certificates to fund equipment costing 4 756 000, with bankers not underwriting but inviting institutions to join at par and interest. The Director General of Railroads suggests supporters of large holdings in the 45 million one year notes may aid financing. Certificates dated May 14 mature semi annually through 1928.
MENTIONED IN THIS ARTICLE
New Haven
Railroads
Railroad Administration
Corporate Returns and Yearly Earnings Across Several Firms
Alabama Traction Light and Power reports 1917 operating revenue 2 154 025 with net income 1 10 387 after expenses. Keystone Tire Rubber Matched May earnings at 145 100 while Kresge May total reached 2 019 980. United Gas Electric notes May subsidiary earnings 137 211 and gross twelve months 15 267 528 with net 3 477 015. White Companies show 1917 net profits 280 224 and total surplus 896 495 after depreciation 199 031.
MENTIONED IN THIS ARTICLE
Alabama Traction, Light & Power Company
Keystone Tire & Rubber Company
Kresge Company
United Gas & Electric Company
Companis
Complex Economic Indicators From Historical Financial Data
A dense set of economic figures lists money stock, bank loans, Fed notes, and gold reserves, alongside price averages for stocks and bonds. It covers production, crops, railroad car movements, and various price indices with dated comparisons and year-on-year changes, referencing Fed and reserve data.
MENTIONED IN THIS ARTICLE
Dun
U. S
War Finance Board Conference on Utility Finances
Public utility firms press for stronger aid as War Finance Board, bankers, and utility leaders meet at the Sub Treasury. Brooklyn Rapid Transit and Interborough lines loom large in loan discussions. Bankers warn against contingent liabilities while seeking easier terms to stabilize essential services amid rising costs and limited bank deposits.
MENTIONED IN THIS ARTICLE
Joana
War Finance Corporation
Brooklyn Rapid Transit
Wee Finance Corporation
Theompany
Public Utilities Corporation
Finance Corporation
Warinane Corpor Lion
Foreign Bank Hearings Hear Bank Stabilization Plan
Francis Escher of New York urged immediate steps to stabilize the dollar abroad during Senate Banking hearings on Senator Owen's bill to establish a foreign exchange bank under Federal Reserve supervision. He argued no real reason for the dollar trading at a discount in Spain and said higher rates for foreign banks could help sustain the dollar's value.
MENTIONED IN THIS ARTICLE
Washinulun
Francdin Escher
New York
Senate Banking and Currency Committee
Spain
Owen
Oklahoma
Federal Reserve Board
Why Starve Public Utilities War Opinion Letter
In a detailed wartime letter the author argues the War Finance Corporation must back public utilities facing higher costs and potential insolvency due to war conditions. He stresses utilities are essential to war production and that bankers and investors should not be forced to fund bankrupt or at risk properties. The piece cites War Finance terms, government support, and the President’s stance on maintaining efficiency and solvency of utilities as national priorities.
MENTIONED IN THIS ARTICLE
War Finance Board
Willcox
Sub-Treasury
War Finance Corporation
Eugene Moyer, Jr
Oliford M. Leonard
Angus W. McLean
W. P. G. Harding
Pulse Utilities
Prigay
Paul M. Warburg
Warburg
Warinance Corporation
Finance Corporation
John Skelton Williams
Secretary of the Treasury
William G. McAdoo
Row
New York
Also Mentioned on This Page
Spencer Trask&Co
Broad Street
Albany
Boston
Chicago
New York Stock Exchange
R.c. Megargels Ca
Isholm&hapman Mmetinens Nen
Nanan Mensins Sen Vom
RANG
New York City
Tamar Banc
ALA
Housman & Co
Stork Exchange
Cation Exchange
Eottee & NY
Metropolitan Steamship
Frederic H. Hatch & 60
Carlh.pforzheimer&co
Brent
George H. Burr & Co
Broadway
Liggett & Drexel
Membera
New York Stock Rechange Conservative Investments of
Philadephia ——Buffaio
Harriman National Bank
Fifth
Harris, Forbes & Co
Pine Street
Corner
William New York
Finance Economics
Mills Building
Broad St
Howe
Alan Over
York
Jeune
Lisbon
E. Ae
Cleveland
Richmond
Atlanta
Chicas
Denmark
Swellen
Eng- Tami
France
Stockholm
Copenhagen
States
United
Britain
Reserve / Bank
J.P. Morgan & Co
Kidder, Peabody & Co
Lee, Higginson & Co
New York, New Haven & Hartford Railroad
Money and Credit
News Digest
Eran
Rall
U. S. Gov
Sli
Iecen
Toads
Svete Maoh
Jan Lion
Apt Merch Trattee
Aden Ei
Bradstreet
Fuod
Utility
Warlinunen Corporation
Brooklyn
Interborough RapidsPransit
Electric Bond and Share Company
Henry J. Doherty & Co
Federal Light and Traction Company
War Finance Corpoation
Lesa
Chicago Cleacinge House
Ishing A Foreign Bank
The
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
Forty-first Street
Guardian
Federal Reserve Bank and
New York Clearing Hous
Commonwealth Light & Power Co
Management Corporation
A. E. Fitkin & CO
Congress St
Monroe Street
the Tribal
LN Pulp & PA Company
Acton
Darrete
Pom
Adam K
Juni
Treas
Mergenthaler Linotype Com
Mergentheler Linotyps Company
Youle
Nas Bienn
Mern
Chamber of Cosmerce
Washineeday
Jane i
Craig-Becker Pany
2 Becker Company, Inc
Tink Hay
Vanderbilt Avenue
Teroush
John A. Davis
Nathaniel
Muller
JF. Kane Hap
Pupang F
Hughes & Dier
Philadelphia Stock Exchange
Chicago Board of Trade
Philadelphia Offce
Walout St
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