Wall Street holds pattern as Russian loan looms
The market waits while investors weigh the Russian loan amid unsettled strikes and wartime munitions towns. Prominent stocks rise on selective buying with American Beet Sugar hitting a yearly high as copper gains and J P Morgan linked issues draw interest. pace slows ahead of Chicago meeting and ongoing labor tension.
Bond Sales on the Stock Exchange Tuesday June 18 1916
The New York Stock Exchange saw bond sales Tuesday totaling 4271 dollars, far below Mondays 5.43 million and behind week ago and year ago figures. Municipal and miscellaneous bonds are listed, with quotes and market activity including a note on the Investment Corporation Limited London and its chairman considering government borrowing against securities.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Nea
Ated
Erie
Chile
Ask
Investment Corporation, Limited
London
Bankruptcy Petitions File in MCS Airs Case
A bankruptcy proceeding burdens the MCS Airs matter with petitions led by parties including Prank Woreand and others. The document lists various creditors and assignments, noting court actions, asset sales, and scheduled hearings in the district with mentions of multiple firms and individuals.
MENTIONED IN THIS ARTICLE
KI Moe Aeeiutaman A
Parskirat
Teak Sombre Jen Coens Sark Dravet Potaday
Atta & Virnem
Seaton
Ian
Wteed
James Lewes
Fda
Faend Siena
Toca
Ainealvee
Chari le Hata
Santes
Reepiter
Ford
Armana
Money and Exchange Rates Reported in Quiet Market
A historical market brief notes demand for dollars and the exchange rate trends. The currency desk reports varying call money rates and foreign exchange activity, with comments on monetary conditions and tentative price levels observed in trading.
Gas Utility Notes Report Dividend Declarations and Earnings
The Gasang r oventities Company controlled by H L Doherty & Co will pay a 14 percent cash dividend on 7 percent cumulative preferred stock to stockholders of record June 15. A 4.2 percent dividend on common stock will be paid July 1 to holders of record June 1. Directors also declare a 12 percent cash dividend on 6 percent cumulative preferred stock payable to holders of record June 5, with all accumulated dividends to date. A 0.5 percent quarterly payment is planned on the common stock, with a 12 percent annual dividend payable to stockholders of record none of the for the year. Concerns about the Tranny System show earnings declines. gross earnings fell to $5,174,000 with net earnings after taxes $1,267,704, a decrease from the prior year, while the profit and surplus rose to $440,262.
MENTIONED IN THIS ARTICLE
Gasang R
Oventities Company
H. L. Doherty, & Co
Gas Securities Company
Conraugates Neome Convee
Tranny Syste
Inter
Federal Light and Traction
Federal Light and Traction Company
Aubradem
Toni Hi
Wing i
Rautbern
Noreen
Ara
Pacific Mud Steamship Company
Wall Street Briefs Highlight Stockholders and Deals
The Farmers Loan and Trust elects Parker Handy and Robert Reeplers to stockholders vacancies. W J Baldwin and Stevenson resign from the New York Steam Day board. Alfred Smith named director. Brooklyn Theatre leased to Strand Corporation. Robert Reepler Jr. president. Equitable Trust allocates second floor to foreign exchange unit. Chandler Bros open Spring Lake office at New Monmouth Hotel next Monday. Standard Safe Deposit declares 1 percent extra dividend plus 2 percent quarterly, payable June 30.
MENTIONED IN THIS ARTICLE
Brooklyn Theatre
Aronkay Amusement Company
Strand Corporation
Robert J. Reepler, Jr
Strand Theatre
Western Parkway
Earner
Lincoln Place
Brooklyn
Mortis Rose
Equitab Trust Company
Wall Street
Chandler Bros. & Co
Spring Lake
New Monmouth
Standard Safe Deposit Company
Grain and market notes from New York June 13 1916
New York traders witnessed wheat futures rally after an early decline due to favorable weather. Export orders and domestic demand influenced prices with heavy stocks and visible supply. corn oats and rye flour markets showed mixed activity. Provisions and hogs steadied while lard and stearine held firm amid fluctuating oil and cottonseed markets.
Duce Markets Butter Receipts and Various Produce Listings
Duce Markets New York reports Butter receipts of 22 551 packages from Creamery ex rox and 93 score ib 20e. The market lists plentiful goods from creamery unsalted to extras and seconds with prices and grades. Numerous fruit and vegetable items follow including peaches lemons lettuce cucumbers and potatoes with varied grades and prices reflecting market conditions. Buyers seek steadiness and concessions on mont grades amid a broad, packed commodities page.
MENTIONED IN THIS ARTICLE
Exrox
Tate
Russia Offers Exchange Profit From New Loan
Details show New York bankers will establish a 60 million dollar credit to Russia for three years with ruble credit and fixed 6 percent interest. Banks involved include National City Bank Guaranty Trust J P Morgan Kidder Peabody and Lee Tiginson. The plan allows ruble exchange profits and an option to buy five year imperial bonds at 84 5 4 percent with payments in dollars. The Russian government to receive half of exchange profits. securites to be publicly offered as participation certificates.
MENTIONED IN THIS ARTICLE
Russia
New York
National City Bank
Petrograd
Guaranty Trust Company
J.P. Morgan & Co
Kidder, Peabody& Co
Lee, Tiginson & Co
City Bank
Ruble Exchange
Copper and metals markets mix amid shifting crop trade pressures
Amid late day pressure on new crop and favorable U S cotton progress reports, commodity prices show mixed movement. Copper remained largely unchanged with subdued demand, London and New York futures quoted variously, while lead and tin prices drift in thin trading amid global market signals.
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Cially
Fidel
KAS Ass
SAS
Lenafinw
London
New York
Eway
Fishe New ‘York
Losi Vaniton
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Pan-American Petroleum dividends begin after May mix
Directors of the Pan American Petroleum and Transports Company announce a 1 percent dividend on the $10,000,000 preferred stock. The payout, around $975,000 for May, reflects a partial distribution from the May earnings.
Cotton Market Slips Amid Mixed Demand and Weather
The cotton market declined again yesterday due to favorable weather and crop reports, with limited demand. Prices fell with July at 68 and December near 12.99 in late trading, while Liverpool demand remained weak due to Whitsuntide holidays. Domestic mills show unity but little fresh sentiment as exports and spinners hold stocks. May consumption reached 643,000 bales, with expected June figures to push season total near 7.4 million bales.
MENTIONED IN THIS ARTICLE
Liverpool
Lancashire
Fensus
Hedges Aiiat
Spara
Maxwell Motor Conversions Extended Dividend Warrants
Maxwell Motors Company reports over 80 percent of its 14 percent back dividends have been converted into preferred stock. The conversion deadline for remaining warrants has been extended from June 20 to July 31 under the same terms.
MENTIONED IN THIS ARTICLE
Maxwell Motor Conversions
Maxwell Motors Company First
Livestock Market Report June 18 1916 New York
Livestock market notes receipts 1,292 head all for slaughter. No trade in cattle. Feels firm for Wednesday slaughter beef around 116 to 116 1 2 c. Veal and lambs show weak to fair demand with steady to lower prices. Hogs firm with no hogs on sale. calves and sheep with mixed demand and prices.
MENTIONED IN THIS ARTICLE
New York
Notices of probate and estate filings in New York
In pursuance of orders by surrogate authorities, notices announce claims against estates of deceased persons. Details include names, fiduciaries, involved attorneys, required vouchers, and deadlines for filing in New York City, with specific dates in December and January and locations on Broadway and related offices.
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City of
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de York
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Porsuance
von Jann
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