Market declines and Mexico troubles weigh on stocks
Market news notes a late day drop with minimal turnover as Mexican issues unsettle traders. Railways slip with labor questions unresolved while Sterling strengthens in London as discounts rise. Crucible Steel hints at dividends but reverses. United States Steel and others dip. London funds shift amid higher discounts and rising Stirling.
MENTIONED IN THIS ARTICLE
Mexico
Carranza
Rio Grande
Crucible Steel
Crucible
Reading
Norfolk & Western
Erie
Denver
United States Steel
London
Crucible Steel Declares Minor Dividend Return
Directors of Crucible Steel Company approve a small dividend payout on referred stock. A 24 percent rate is declared with portions payment yet to be disbursed to shareholders. Regular preferred dividend remains pending, reflecting cautious distribution policy.
MENTIONED IN THIS ARTICLE
Crucible
Crucible Steel Company
Ion
New York Stock Exchange Friday June 16 1916 totals
Stock totals for Friday show 352,900 trades versus 403,100 on Thursday and 528,100 a week ago, with year ago figures at 350,200. Since January to date the total reaches 79,381,100 against 58,664,200 a year earlier, all quotations including annual dividend rate are noted.
MENTIONED IN THIS ARTICLE
Tribune
Jay Vary Trey
Jay
Elise
Nsw
Orioner
Law
Big Machinery Merger Planned for Locomotives and War Shipwork
Plans are underway for a seven firm consolidation centered on E.W. Bliss and Poole Engineering, forming a major machinery combine covering railroad locomotives, arsenal and shipbuilding. Bliss reports strong munitions shipments and bonds totaling 748,500 at 6 percent with substantial stock. Poole shows 500,000 bonds and 3 million in stock. Net earnings for Bliss last year reached 6,452,101 after preferred dividends, while Poole projects 17,? million profits from contracts. Both firms do extensive U.S. government work, with Bliss tied to the Bliss-Leavitt torpedo and Poole to mortars and naval guns. Midvale Steel & Ordnance reported a Japanese contract for ship plates and a large blast furnace project, underlining fierce war-related demand across the sector.
MENTIONED IN THIS ARTICLE
E.W. Bliss Company
Poole Engineering & Machine Company
Bliss Company
Poole
Finise
Poole Company
United States
Happatente
Midvale Steel & Ordnance Company
Midvale
Johnstown
Cambria Steel Company
United States Steel Corporation
Austin
Higher Discount Rates in London Shifts Money Market
London reports higher discount rates dampening gilt securities trading while funds flow toward Lombard Street for liquidity. Marconi, rubber, oil shares and home rails show strength, copper weakens. Consols slip as Treasury and short bills rise to support exchange and gold reserves amid American balances.
MENTIONED IN THIS ARTICLE
London
Lombard Street
Marconi
Siva
Dom
Joachie Hark
England
Iq Sovereiens
Treasury
Exchange
America
Lisbon
No Extra Tennessee Copper Dividend Debunked
Following a board meeting the Tennessee Copper Company issued a statement denying any plan to pay an extra dividend. The directors emphasize no discussion occurred about such a payout and warn against unauthorized rumors. The fire at Copper Hill damaged their new plant and questions about insurance and a Russian contract remain unsettled.
MENTIONED IN THIS ARTICLE
The
Tennessee Copper Company
Board of Directory
Copper Hill
London Market Halts Advance In British Trading
London reporters note the dull market pause after a recent rise in gilt edged securities while money and dir-e rates shift due to Bank of England actions. Paris conference growth, Hughes nomination puzzles press, and calls for tariff and peace considerations frame a tense, transatlantic market mood.
MENTIONED IN THIS ARTICLE
London
Bank of England
Treasury
Justice Hughes
Paris
France
Earl Beauchamp
CURB MARKET TRANSACTIONS SLUMP IN LATE SESSION
Outsian securities slipped after early gains with broad losses by close. Industrial and motor stocks led declines while Atlantic Gulf West Indies common held near 67. Chevrolet Motor eased from strength to a net loss of 5 points. State Motor and United White Motors fell, Cuba Cane Sugar eased, Illinois Pipe Line and Standard Oil marginally down. oils rose slightly amid light business and fairly steady mining prices.
MENTIONED IN THIS ARTICLE
Outsian
Yesterdy
Atlantic
United and
White Motors
Cuba
Illinois Pipe Line
Standard Ol
California
Market Update on Consolidated and Sugar Prices
The report notes early dealings showing a strong $1aik to 106 percent, then an afternoon break to 164. Crucible Street slipped below 8. Americas Beet Sugar peaked at 2 percent.
MENTIONED IN THIS ARTICLE
Americas
Auction Sale of Stocks and Bonds at 16 Vesey Street
Listing shows an auction sale of stocks and bonds conducted by a firm at 16 Vesey Street. Names include Andrew and others, with references to Phoenix Water Power, Central Trust, and New York County notices. The fragmentary text mentions payment accounts and security interests, indicating a formal financial auction notice in New York.
MENTIONED IN THIS ARTICLE
Ayston
Sint Tag
Pier
Meena
Shamtmion
Pot Creek
Ulan
Winona
Wolverine
ATMO
Boston
Reston
Maine
Ainopua Pos
Owl
Alvarado
Lenn Gap
Calaeras
Trinetae
Coralia
Davie Daly
Wietaek
Vesey Street
Phoenet
Pheenix
Cascen
Parry
Adnan Weber Piass & Pasa
New Tork County
Sal
New Fork County
Westeneotee
Rile Mandy Ex
Sooman
Dividend notices from The Bank for Savings and other issuances
Bank notices declare quarterly dividends to depositors with checks mailed and credited as principal. Officials named include Lewis, Gathy, Knowler, Morris, and board members. Sealed proposals and annual meetings announce dates and locations for company business and asset transactions.
MENTIONED IN THIS ARTICLE
Fourth Avenue
Semeansual Diy
Thacken
EPIL
Waltah Thissale
Lewis TL Gathy
James Knowler
Comprralien Omee
Unite
Cornet Brow Gas
Raat
Busanne
Morris
Treswarer
Also Mentioned on This Page
Gude, Winmills Co
Tel
Reeter
NEW York Stock Exchange
BIG Machinery
Bliss and Poole
May
Renee Polen Peay
Ie Ag
Seala
Uae
Eales
Baltimore
Ian
Chalmers
Chemie i
gtNa
Reet Igor
GOV Am
Hide & Leather
Hide & Teather Bus
Joe Securities
Locomotive
Amestine
Buts Am Steel Foundr
Sino
Atchison
Baldwin Locomotive Pt
Altimore & Io
Baltimore & Ohio
Brooklyn Union
Rutty & S. Com
Chandler
Mil
St. Paul
Chi Il
St Paul
North Western
Chile
Cluett
Peabody
Colo. Fuel & Tron
Boha
OTS Gorn Products
Bansit al Army Sale
Itis
Oko
Ain. Bat
Denver & Wie Gi
Bom
Spas Witrout Edison
Van
Desa Mines
Bat. Sen Sim
Goodrich
al Seca
Northern
Skeera
Mer. Marine
Ser
al Pe , Corp
AZ Fa
Harv. Corp. Pr
Inter
Bote
HM Inter
Bety Int
Ay Kayser
HOF Mit Yner
Mans City South
Ra Tn
Tate Springfield
Lackawanna Stee
Lehigh Valley
Loville de Nash
Maxwell Motor
Mas Dept. Btor
Petroleum
Minn
St. Oubr
St. M
P&s. St. Pr
Hun Lee Ra Lane Me
On & Tex
Tex
Misanwei Pacific
Anii Power
Atlantia Conat
Faltimanrs
Yutfala Noch & Witte Ian Factur
Chesapeake & Obi
Northwestern
Tom Ste
ENA Telaware & Iudson
Loderilla & A
Teseri & Peay i
Faw
Sisaenr
Sy Cen
Pia Co
NV NW & Martie Norton
Eoten Nie
P. i
Dean General Prelaht
Fitehureh Coal
Xn Power
Indane
Tel Pring
Stevie
Nein
Ondine
Warden Terie Ani Boe
Jane A
Hern
Ted Ter Wong
Canin
Deelebaker
Third Avenue
L&w
S. Ind. Ateohat
Ty & Imp
BB & Bet. Pe
Bate Rubber Tri
Argo Exares
Meryland
Weery Maryland Pr
Western Union Teli
A Woolworth
Philadelphia
Lenin Sane
Penn
Chicago
Yostei
Pratt
Isis
Public Utility Securities
Nut
Dome
Remsen
Wien
Pane
New York City
Pittsburgh
Colum Gas
Tella
West Power
Ak Vero
Simpmne
Tennessee
London Market
Hughes
Francis W. Hirst
Omy
New York
Ena
Cms
Indus
Atlantis Steel
Prt
Guerin
Marvin Corp
Moly
Corp
Joplin
Kapo
TG Iitbedont
T&m. Ai
Kw Corp
Bn Standard Oil
Toren A
Ohio
Amn
Ot & Gas
Siieravtelt
Minas
Homer of Fins
Gasolene Lea Ra
Nied West
Ietorla
Warland
Huttato
Mines
Tee Cryer
Syrmatia
Jerome
Ky Steels
Feriman AL
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
Cockepar
Old Broad Street
Boulevard Haussmann
Berlin
Unter den Linden
Guardian
Andrew
Scormack
Aue Hegolak
Avni Rm Son
William
Bank For Savings
Feny Cananea
FER CO
Boeke Janes Copper
Alweey Huilding
Duluth
Linn
Stonda Nn
Hy Seder
Frederic Nas
mAbs
Baumert Biefond
Notich
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