Liberty Loan dealings raise patriotism questions at market close
The New York Stock Exchange faced criticism after Liberty Bond offerings closed and bonds traded below par on a when issued basis. Analysts blamed no one but a few sellers for the short sale while noting the Liberty Loan's strong overall reception with about 2.5 million applications and higher participation than British or German early loans. The piece discusses market impacts, future loan prospects, and possible effects on corporate borrowing as interest rates rise.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Liberty Loan
Stock Exchange
Money Market Pressure From Liberty Loan Operations
Heavy transfer of banking funds tied to cloning Liberty Loan subscription books and a 2 per cent loan payment pushed the local money market yesterday. Call loans at the Bank Exchange rose to near year’s high, with banks calling and turnover in the call money market reaching a multiyear peak as brokers reported brisk activity.
MENTIONED IN THIS ARTICLE
Liberty Loan
Federal Reserve Bank
Bork Exchange
Jonne
Foreign Exchange Records Hit New Highs and Dull Markets
The dollar reached new highs in foreign exchange with Spanish pesetas at 5.65 cents and Swiss francs at 4.95 per dollar. Light ruble drafts to Petrograd fell to a new low. The rest of the market stayed steady and closing rates were below last week. American banker halted all dealings in German marks and Austrian kronen, removing daily quotations.
MENTIONED IN THIS ARTICLE
Petrograd
Rubber Exports Show Shifts in 1917 March Trade
The March 1917 rubber exports from Para Manaos Sincontiara Brazil and Iquitos Peru reached 415,180 pounds, with 5,100,108 pounds to the United States and 2,404,? pounds to Europe. Compared to 6, competition and figures from 1916, shipments reflect wartime trade changes. Exports for April 1917 were projected at 7,203,950 pounds, with the United States receiving the bulk and Europe receiving smaller sums, while no shipments occurred from Tracontiara Brasil in April. The Italian State Railways fiscal 1917-18 receipts rose to 450,718 lire, and expenditures totaled 519,001,878 lire, signaling a treasury improvement despite many revenue pressures. Washington noted the U.S. general fund balance at 338,865,703 dollars with a deficit of 14,152,224 dollars for the year, excluding canal and debt transactions.
MENTIONED IN THIS ARTICLE
Para
Manaos
Sincontiara
Brazil
Iquitos
Peru
United States
Europe
Nndfestermarnen
Genoa
Washington
United States Treasury
Currency Values and Exchange Rates in 19th Century Trade
The text discusses buying English pounds at about 4 dollars 5 cents per pound and an intrinsic parity near 48.65 dollars per pound. It explains pounds may be at a discount or dollars at a premium due to higher demand in England for dollars to settle American accounts, compared with demand for pounds in the United States.
MENTIONED IN THIS ARTICLE
Unite
Jollor
Stockholm
Copenhagen
United | States
Denmark
Sweden
England
Kennecott Copper Company Labor Troubles in Alaska
Kennecott Copper Corp, a Morgan Guggenheim property, reports Alaska miners demand a 69 cent daily wage increase plus an 81 cent daily bonus, threatening a strike if denied. Management cites strong pro German sentiment among mine and railroad workers and warns the requests are unreasonable. Alaskan mines produced over 100 million pounds of refined copper last year.
MENTIONED IN THIS ARTICLE
Kennecott Copper Corporation
Morgan-Guggenheim
Alaska
Seaboard
Kennecott
Kennecott Corporation
Canadian Railways Report Shows Mixed Financials for 1916-17
Government railways posted a 1 137,713 surplus on the Intercolonial line while the National Transcontinental ran a 1 900,824 deficit. Transcontinental earnings reached 5 916 559 with expenses at 7 882 177, reflecting weak freight demand and unprofitable passenger routes. Overall system deficit totaled 1 179 867 for 1916-17. Attention to Fisher Body Corp results and Great Atlantic and Pacific Tea sales noted.
MENTIONED IN THIS ARTICLE
Canadian Railways
Railways of Canada
A Tost
Canadian Mit of Railways
Intercoronial
Espana
Rovernment Railways
Markets Move on Liberty Loan Closings and Call Money Surge
Huge Liberty Loan subscriptions wrapped up with large banking actions and a volatile money market. The Stock Exchange saw a 6 percent call money rate as banks called loans to fund government demands, while about 60 million dollars changed hands in money market loans and car finance. Trading slowed in stocks with notable declines in industrials and railroads, and new government bonds opened trading on a when issued basis, with rediscount activity at the Federal Reserve Bank reaching record levels.
MENTIONED IN THIS ARTICLE
Liberty Loan
Stock Exchange
Asl
Exchanse
Jonas
Pricee
T To & Pointe
Liberty Lown
James F. Custis
Liberty Loan Committee
Royal
American Machine
Veandley
Coat
Iron National
Fearlay
New England
Ress
America
Eitl
Weme
Savings
Bank
Banks Convert Debts to Bonds and Settle via Federal Reserve
Banks convert indebtedness into bonds with Liberty bonds yielding 3 percent for June 16 and convert certificates to United States government bonds. Clearing House balance settlements move through the Federal Reserve Bank of New York, with nineteen banks settling directly and eight indirectly. The Fed reports 1,200,000 of ten dollar participation certificates sold, including 179,000 yesterday.
MENTIONED IN THIS ARTICLE
Liberty
Treasury
United States
Clearing House Committee
Clearing House
Federal Reserve Bank of New York
Federal Reserve Bank
Money to Flow to New York From Interior Says Reynolds
Chicago dated report quotes George M. Reynolds president of Continental and Commercial National Bank saying New York banks hold down rates to aid Liberty Loan and expect future funds from the West. He notes Federal Reserve banks will coordinate to avoid hardship and that Eastern banks see a long war with inflation and higher future bond rates. In sum, money from the interior will replenish New York while reserves redistribute to prevent strain.
MENTIONED IN THIS ARTICLE
Chicago
George M. Reynolds
Continental and Commercial National Bank
New York
Federal Reserve
Federal Reserve Bank of
Reserve Bank
War Prosperity Argues for Pro Business America
B L Winchell of Union Pacific argues that prosperity hinges on railroad rising prices to offset higher costs and criticizes recurring cost shocks from law and demand. The piece notes security trading rising on wartime orders, with George Paizh forecasting American trade benefits. William A Law of First National Bank of Philadelphia echoes optimism from govt demand and manufacturing expansion.
MENTIONED IN THIS ARTICLE
America
B. L. Winchell
Traffic
Union Pacific System
Sir George Paizh
London
William A. Law
First National Bank of Philadelphia
Canada Answers The World's Cry For More Ships
Ny Mark Workman, president of Dominion Steel, notes Canada's shipbuilding surge driven by wartime demand. Across coasts, yards build steel steamers up to 8,500 tons while Nova Scotia and Quebec sites report multiple vessels. With peace, demand shifts to replacement ships and postwar troop repatriation, but government contracts and munitions support keep industry stable.
MENTIONED IN THIS ARTICLE
Nova Scotia
British Columbia
Montross
Levis
St. Lawrence River
Quebec
Atlantic
New Glasgow
Great Lakes
Pacific
Canada
United States
Imperial Munitions Board
Ottawa
Economic indicators show mixed U S banking and commodity data
The report lists totals for money in national banks, reserves, discounts, and notes, with figures for gold reserves and deposits. It also notes stock averages, production indexes, crop outputs, freight car distributions, bank clearings, and commercial failures, reflecting broad financial and agricultural activity.
Lack of Shipping Holds Back Canada's Export Trade
The Commercial Intelligence Services annual review notes Canadian manufacturers focus on munition production and suffer labor shortages due to enlistment. Shipping line shortages hinder accepting export orders, though some large orders were finally filled, leaving trade commissioners discouraged by the reluctance to accept reliable orders.
MENTIONED IN THIS ARTICLE
Canada
Rmes
Anys
Fone
Goods Moving More Freely at Retail
The Dan's Review notes improved sentiment in distributive trade as seasonable temperatures boost retail activity. Bargains multiply with larger stocks due to a backward spring and high prices, while manufacturers hold large orders. Government procurement enters competition, prompting rapid readjustments to prevent disorganization.
MENTIONED IN THIS ARTICLE
Ano
Dan
War economy and trade shifts influence wool, munitions, and labor
Reflections on wool supply controls for England amid shipping constraints and military needs project only one third of civilian machinery work possible. Canadian Franco relations loom as Franco-Canadian trade grows with France asserting existing treaties. British munitions plans halt a Bristol explosive factory project to limit hardship, while Krupp employs 150,000 in Basen factory areas, including many Poles, amid German occupation claims.
MENTIONED IN THIS ARTICLE
England
Export Association of Canada
France
United States of America
War Cabinet
Bristol
Amsterdam
Krupp
Basen
Warsaw
Poland
Tel
Oil Shares Grip London Market In Quiet Trading
London June 15 stock market steady with oil shares active while investment stocks see modest demand. War loan 4% bonds bought on possible autumn conversion. Argentine rails strong, foreign bonds uneven. New York NYSE seats posted and elected members James H. Goes and Lyman D. Smith. Boston wool market less active but strong overall with West leading. Various company dividends and annual notices amid mixed market activity.
MENTIONED IN THIS ARTICLE
London
New York
Stock Exchange
James H. Goes
Lyman D. Smith
New York Stock Exchange
James D. W. Cutting
Marshall H. Russell
Robert Winmill
Ralph M. Stuart-Wortley
Hestot
Boston
West
Fragmentary OCR News Item With Lost Names
A scrambled OCR fragment mentions dates and names in a local news brief. Readable pieces reference a person and an event but many words are garbled, leaving core details unclear. The text preserves probable names and a date fragment without full context.
Ambiguous 1913 Trade Ledger Item From Mount Ouray County
Patchy OCR notes reference Mount Ouray County and a manufacturing firm handling a tine array of assets. Mentions include Veritas lines and a transit route, with scattered figures such as 421,000 near August lanes and references to property, stocks, and local entities.
MENTIONED IN THIS ARTICLE
CK Amisiiees
Renee Oehtt
Guyick
Veshy Starer
Tristres Stataha Alirock
Mount Ne ‘Ouray County
Tile Howe
Mount Enemas
Snetele Stining Wstriet
Mepsie Tawesns Lode
Sarees Neam
Sania Sining
Ade Sarver
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Finance Economics
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Stock Exchange Houses
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Italian State Railway Returns
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Fisher Body Corporation
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Fisher Hody Corporation
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Lloyd George
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Victor Talking Machine
Burras
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Timanencomer Company
Seni Day
Sunn
Haan
veater Syuka_ufim Company
GP Po
Prigay
Sigikkableys
Trate-Oceante ‘Trading Co, Inc
Torn
Manhattan
York City
Koon
Maoraing
Yume
Phedytic Martin
Daly
Juno California Parking Corporation
Remlar
Witton & Co
Manhattan Shiel
Rewulk
National Paver & Type
Shattuck Arima Copperwhoffi
Beth Eh
Jane
Crowell & Thurlow
Paralée Jene
Columbus Railway
Kaufmann Department
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Rere Dame
Union Trust Company OF
Broadway
Mre
Ete Inc
Dune Ith
William J
Atwood Soogetas