Wall Street Hope Turns on Tax Collection and Easy Money
Analysts warn that after tax collection and war-time shifts ease, money for stock exchanges could be abundant and spur speculation. Banks unlikely to lend freely on time, given Fed guidance to curb nonessential stock purchases, while saving channels supply government with surplus goods to stabilize prices.
MENTIONED IN THIS ARTICLE
Wall Street
Federal Reserve Board
Federal Advisory Council
Federal Reve Board
Federal Reserve Banks
Money and Credit Market Movements and Bank Rates
Heavy demand for funds for tax payments drove the call money market on the Stock Exchange, with ruling rates near 6 to 6 1/2 percent and slight easing later. Bank acceptances remained in fair demand, with rates published for 30, 60, and 90 days. The piece also notes Reserve Board cautions on inflation and summarizes major central bank statements from London Paris and Berlin, including gold reserves and domestic money-market movements.
MENTIONED IN THIS ARTICLE
Stock Exchange
Fied
Reserve Board
New York
Bank Credt
Boston
Soen
Iro
Bulletin
the Times
Bank of England
Lon-Don
London
Lisbon
Money and Prices and Production Data Snapshot
A historical data snippet lists money and price indicators including stock averages, bond prices, gold reserves, and federal reserve notes. It notes production metrics such as wheat, corn, cotton crops and steel orders, plus railroad earnings, bank clearings, and building permits across numerous figures and historic comparisons.
MENTIONED IN THIS ARTICLE
Dun’s
Bradatreet
Fight for Assets of Met Petroleum Company
The Equitable Trust Company filed attachment in the Supreme Court to recover 1 378 000 against Metropolitan Petroleum Company Delaware corp to secure a 8 million debenture issue. Bondholders seek control of 40 000 Island Oil and Transport shares and other Met lands in Mexico. Protective committees and Met Virginia directors align against the suit and may seek stock deposits to cover legal costs.
MENTIONED IN THIS ARTICLE
Treasury
Metropolitan Petroleum Company
Iquitable Trust Company
New York
Metropolitan Petroleum Company of Virginia
Delaware Corporation
John B. Stanchfield
Island Oil & Transport Company
Metropolitan
Equitable Trust
Mexico
Matchett
Wilson Protective Committees
Metro- Politin Petroleum Company
Virginia Stock
Richmond Levering
Metropolitan Tetroum Company
Tive
Island Oil & Transport
Move to raise stock commissions discussed by brokers
A five member committee under N G S Noble may study high cost trading in stocks and decide on action. Bayard Dominick is named as chairman. If raised, fees likely spread on out of town business using costly leased wire systems.
MENTIONED IN THIS ARTICLE
Stock Exchange
N. G. S. Noble
Bayard Dominick
Dominick & Dominick
Market Barometers Signal Mixed Stock Exchange Activity
Market barometer figures show varied movement across stocks rails and bonds with January to date totals and yesterday’s results. Studebaker rose modestly after an unconfirmed report of a large government shell order, trading near 45 after touching 44½.
MENTIONED IN THIS ARTICLE
Houston
Studebaker Corporation
Financial District 10
Studemker
Brooklyn Rapid Transit Plans Syndicate to Meet 57 Million Note
Report says an official plan to fund the 57,736,000 net notes due July 1 for the Brooklyn Rapid Transit Company may be announced soon. Kuhn, Loeb & Co. expected to lead a syndicate. bankers see progress as notes rise on the market. A fare increase proposal to 6 cents was discussed with the War Finance Corporation context.
MENTIONED IN THIS ARTICLE
Brooklyn’ Rapid Transit Company
Kuhn, Loeb & Co
Stock Exchange
Brooklyn Rapid Transit
War Finance Corporation
Public Service Commission
Chile Copper Earnings Expand
The Chile Copper Company and the Chile Exploration Company filed a combined earnings report with the Stock Exchange showing 1918 gross earnings of 18,908,855 dollars, up 8,250,130 from the prior year. Net surplus was 2,598,412 dollars, 68 cents a share on 3,800,000 shares, with notes on costs, taxes, and asset changes.
MENTIONED IN THIS ARTICLE
New York
Boston
Fairbanks Company
H. V. R. Thayer
E. R. Tinker
Chasa National Bank
J. W. Garnett
Boston Stock
Chile Copper Company
The
Chile Exploration Company
Stock Exchange
Missouri Pacific Elects Harry Broases President
Harry Broases is elected president of the Missouri Pacific Railway Company succeeding B. E. Bush who resigns to lead the southwestern division as regional director. Finley J. Shepard is re elected vice president. Caleb S. Spencer becomes vice president and treasurer of the Adams Express Company and also of the American Railroad Express Company. Ernest B. Hampstone of Chisholm Chapman is named director of Crocker Wheeler Company.
MENTIONED IN THIS ARTICLE
Harry Broases
Oeen
Missouri Pacific Railway Company
B. E. Bush
Southwestern Division
Finley J. Shepard
Road
Caleb S. Spencer
Adams Express Company
American Railroad Express Company
Ernest B. Hampstone
Chisholm & Chapman
Crocker Wheeler Company
Dividends Declared by Numerous Corporations
A broad list of companies reports extra or regular quarterly dividends with payment dates from June to August and record dates in June and July. Phelps-D Dodge, Harris Trust, Torrington, Central Aguirre Sugar, American Aeromotores, Avery, Baltimore Tube, Canadian Consolidated Rubber, Chase National Bank, Consolidated Gas Electric, Draper, Federal Oil, Hedley Gold, Lawyers Title, Motor Car Securities, Shawmut, United Gas, Woods Manufacturing, Yukon Alaska Trust, Yukon Gold Mining, Morris Plan, Dominion Textile, Victory Talking Machine, Mount Vernon Woodberry Mills, Royal Baking Powder, Washington Baltimore Annapolis Electric, Maine Central, National Paper & Type, United States Rob bonded, and Yorkville Bank all specify per share or percentage figures, payable dates, and stockholder record dates.
MENTIONED IN THIS ARTICLE
America Aeromores Chemical Company
Avery Company
Baltimore Tube Company
Canadian Consolidated Rubber Company
Chase National Bank
Consolidated Gas, Electric Light & Power Company
Draper Corporation
Federal Oil Company
Hedley Gold Minny Company, Ltd
Lawyers Title & Trust Company
Motor Car Securities Corporation
Shawmut
Company
United Gas & Improvement Company
Woods Manufacturing Company
Yukon Alaska Trust Company
Yukon Gold Mining Company
Morris Plan Company
Dominion Textile Company
Victory Talking Machine Company
Mount Vernon, Woodberry Mille, Inc
Royal Baking Powder Company
Washington
Baltimore & Annapolis
Building Trade Quiet as High Prices Slow Private Financing
The building trade shows a quiet effect from high material costs and financing restrictions. Dunn & Co reports a total of 43,504,057 in construction activity, down 26 percent from previous levels, indicating widespread restraint across principal cities.
MENTIONED IN THIS ARTICLE
Accordi B Dunn & Co
Forture
Also Mentioned on This Page
Baltimore & Ohio Railroad
Philadelphia Fl
Tts
Cirowler Air
National City Company
Cithes
Spencer Trask&Co
Broad Street
Albany
Chicago
Brock Exchange
Morgan & Kane
New York Stock Exchange
Broadway
Telephone
Exchange Place
N.Y
Sutton F
Coftes & Sugar Ux Ni Produce Exchange
Chicago Board of Trade
Omce
West 3d St
Carsh.pforzheimer&co
So An Nee Eamed Cree
Frederick Hatch & CO
Karris
Forbes & Co
Pine Street
Corner
William New York
Liggett & Drexel
New York Stock Rechatoe
Philadelphia
Buffalo
Metropolitan Trust Co
Mark A. Noble
Dador
Wits Noble & Corwin
chaseNart
kCom
Met
Finance Economics
Danover
Money and Credit
Uia
sub-Treasury
Bank of France
Paris
Berlin
German Imperial Bank
Inc
Tha
Trance
Shine
Sweden
England
Viscount Kates
Federal Reserve
Matus
Ageas
Cleveland
Richmond
Atlanta
Chicago St. Louis
Minneapolis
Dallas
Kansas City
San Francisco
W York
Stockholm
Jopenhagen
United States Mint
Mara
Abell
Fight For
Met. Petroleum Company
Equitable Trust Co
Corporation
Canadian Exchange Mover
Montreal
Canada
United States
Cuba
Bank of Cuba of New York
al Ronda
Yeaterday
U. S. Gov
Gov'nts
International Sugar Committee
Island Republic
Federal Reserve Bank of New York
Calcutta
India
Studebaker Adjmant
Konda
Honda
B.R. T
Chile
London City & Midland Bank Limited
Threadneedle ST
E.C
Old Broad Street
United Kingdom
Belfast Banking Company, Limited
Ireland
Edward H. Holden, Bart
Mechanics & Metals National Bank
Nassau Street
New York City
Phelps-Dodge Corporation
Harris Trust Company
Torrington Company
Central Aguirre Sugar Company
jExtra
Benjamin Franklin
Montague Street
Brooklyn
Fulton Street
Harrima National Bank
Fifth
American Agricultural Chemical Company
Neta Company
Barrett Company
Barrete Com
Jersey
American Coal Products Company
Tte
Record of the Barrels Company
American Cost Products
Cbs Pany
Businass
Ernest J. Steer
American Can
Turviewa
Colorado Power Company
Hoendea
A. Widli
Lew York
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