Electricity Saving a British War Measure
British wartime measures cut power use to conserve electricity amid Zeppelin raids. London extinguished external lamps and limited indoor brightness while entertainment venues faced a 5 sixths cap on consumption compared with 1916 17 baselines. Violation breaches the Defence of the Realm act.
MENTIONED IN THIS ARTICLE
London
New York
Electrical World
Great Britain Taxation After War Revenue Gap Estimated
The Argonaut notes estimates that postwar Britain will raise about 2.1 billion dollars from income, death duties, customs, post office and other sources, with indirect taxes at 1.275 billion and direct at 8265 million, leaving a 1.4 billion shortfall to reach a planned 3.5 billion and suggesting no relief from heavy taxation after peace.
Financial Markets Rally as Allied Defence Boosts Confidence
The securities market shows renewed strength amid hopeful sentiment in Wall Street that Allied defense may neutralize German efforts this summer. Rising new issues, strong demand for tax exempt municipals, and upcoming corporate maturities around 120 million dollars signal finance’s cautious optimism despite war taxes and tax policy concerns. Treasury borrowing and bank lending activity rise as tax receipts flow back to banks, with demand deposits up and loans increasing.
MENTIONED IN THIS ARTICLE
France
Wall Street
America
Treasury
Calm money markets steady through tax payment period
Financial circles expressed satisfaction at the calmness of money markets during tax payments. Precautions had been taken to prevent disturbances amid heavy federal income and excess profits tax payments, with only minimal outward effects seen in banking.
London to Retain Financial Supremacy
A Canadian observer argues London will keep its financial supremacy despite New York’s growing role. He notes the U S financing needs and population growth, while Sir George Paish praises British credit strength, wartime investments, and the gold standard as factors sustaining London’s lead.
MENTIONED IN THIS ARTICLE
New York
America
United States
Europe
London
Monetary Times
Canada
Republic
George Paish
George Paish, the Distinguished Editor of ‘the Statist
United Kingdom
Japanese Firms Move to Enter China After War
Japanese financial interests plan activity in China with branches opened by the Bank of Taiwan in Formosa and the Bank of Chosen in Korea, plus the Industrial Bank of Japan and Oriental Industrial Development Company, backed by influential Japanese figures, per the Japan Advertiser.
MENTIONED IN THIS ARTICLE
China
Bank of Taiwan
Formoan
Bank of Chosen
Corea
Industrial Bank of Japan
Oriental Industrial Development Company
Japan
McAdoo Appeals to Bankers to Back Up Fighting Men
Secretary McAdoo urges bankers to back treasury certificate sales to finance the war effort. He says government needs 6 billion dollars through November 1 and outlines biweekly offerings, with a possible large public sale to fund next year’s taxes. He praises American troops in France and calls for patriotic support from banks and trust companies.
MENTIONED IN THIS ARTICLE
McAdoo
Treasury
Bankers of
America
France
United States
Secretary of the Treasury
McAdno
Federal Reserve Banks
Market Barometers and Bond Data Snapshot
Weekly market barometer figures show U S government and railroad bonds and overall stock movements. Data includes week over week, year ago comparisons, January 1 to date totals, and closing highs and lows across rails indus tial and utility groups with bond totals for all bonds.
MENTIONED IN THIS ARTICLE
U.S. Go
Trade Acceptance Convention Opens in Chicago
Trade acceptance convention opens in Chicago with about 1800 delegates, led by Lewis E. Pierson. The event precedes the 23rd annual National Association of Credit Men meeting, with speakers including Paul Warburg, J N Tregoe, Wad dill Catchings, Sylvan L. Stix, G Dula, and Charles A. Hinsch. Illinois Governor Frank C. Lowden opens the program. Harry A. Wheeler also speaks.
MENTIONED IN THIS ARTICLE
Chicago
New York
National Association of Credit Men
Lewis E. Pierson
Irving National Bank of New York
Trade Council
Paul M. Warburg
Federal Reserve Bank
Washington
J. N. Tregoe
Waddill Catchings
Goldman, Sachs & Go
Sylvan L. Stix
New York State Wholesale Grocers’ Association
G. Dula
Liggett & Myer Tobacco Company
Credit Men
Charles A. Hinsch
American Bankers’ Association
Credit Men's
Association
Frank C. Lowden
Illinois
Harry A. Wheeler
Chamber of Commerce of the United States
Warns Against Deceptive Oil Ads During War Effort
Indianapolis June 14 The National Vigilance Committee of the Associated Advertising Clubs of the World warns oil stock promoters against selling securities to the public now, urging publishers to refuse such ads. The report distinguishes oil producing firms from firms selling oil stock and notes most new oil growth came from reinvesting earnings in new fields.
MENTIONED IN THIS ARTICLE
Indianapolis
National
Associated Advertising Clubs
Federal rail appointments reshape leadership at Reading and peers
Philadelphia June 15. Federal railroad director C H Markham announced Charles H Ewing as Federal manager of the Reading Railway and Central Rail Head of New Jersey with offices in Philadelphia where he was formerly vice president. Ralph Peters becomes Federal manager of the Long Island Railroad. Kenyon B Conger named general manager of the Hudson and Munstian Railroad.
MENTIONED IN THIS ARTICLE
Philadelphia
C. H. Markham
Allegheny
Charles H. Ewing
Reading Railway
Central Rail
New Jersey
Mr. Ewing
R Ding
Dice
Co Olation
Ralph Peters
Naw
Long Island Railroad
New York
Kenyon B. Conger
Feneral
Hudson & Munstian Railroad
German Firms In Chile Seen As Propaganda Hubs
The West Coast Leader portrays German trade methods in Chile as propaganda tools shaping Chilean sentiment toward the Kaiser's government. It cites a case where a German firm copied a U.S. farm implement for sale in Chile, undercutting American sales, and notes wartime blockades redirected trade patterns. The piece warns of a postwar return to old German practices, with blacklists crushing small German shops while large firms retain influence, and describes German expatriates as largely unsympathetic to pan Germanism, yet economically tied to war-era networks.
MENTIONED IN THIS ARTICLE
New York Tribune
Chile
West Coast
Reapublic
Art Hele
anyAmerican
Germany
United States
South America
Ist
Japan
America
Kokumin
Asahi
England
Far East
Converse Returns to Wall Street as Liberty National Chief
E C Converse, a veteran banking and industrial executive, returns to active work to lead Liberty National Bank in Harvey D Gibson’s absence. Gibson sails for Europe to advance American Red Cross organization work. Converse, long a Liberty National director, had become president after Henry P Davison’s move, and joins J P Morgan & Co. in prior years.
MENTIONED IN THIS ARTICLE
E. C. Converse
Wall Street
Liberty National Bank
Harvey D. Gibson
Europe
American Red Cross
War Council
Converse
Liberty National
Henry P. Davison
First National
J. P. Morgen & Co
Gibson
Corn Crop Outlook in the Union of South Africa
The Department of Agriculture of the Union of South Africa reports a countrywide decline in maize yield about 22 percent below normal, down from 18 percent below normal in January. Projected crop size around 8.6 million maids under adverse weather conditions, with 11 million mauls previously anticipated if normal conditions persisted.
MENTIONED IN THIS ARTICLE
Department of Agriculture of the
Union of South Africa
War era shifts and trade in nitrates and power
War era reports show 1917 gains in Italian water power concessions mainly in Lombardy and Piedmont, plus smaller in Umbria and Calabria. Norway fertilizer nitrates surge from 20k to 55k–60k tons. Japan moderates trade restrictions with calm business responses and media notes. Damages in Danish livestock show horses at 611k, cattle 2.142m, swine 513k, sheep 247k.
MENTIONED IN THIS ARTICLE
Lombardy
Piedmont
Umbria
Calabria
Stockholders Meeting and Bond Mortgage at Inkor Land Co
Notice of stockholders meeting to approve mortgage for 90000 on Westchester property. Meeting at Battery Place Manhattan June 28 at 11 to noon. Also Potash Extraction Corporation special meeting to raise authorized capital from 1000 to 2000 shares at 1000 each. President Bishop signs.
MENTIONED IN THIS ARTICLE
Tee Etouk HO
Pome
Ingor Land CO
ING Sotice
Thingor Land Co. Inc
Noom
Battery Place
Manhattan
York Cite
Metropolitan Lite Teapane Company
Morgage
Rmal
Blind Trook Club, Inc
Theron
Sala
Honea
Meine and Ruck Lender Titel
New York
Lune
Preaigent Fhenhy Staats
Potash Extraction Corporation
At &Cial
Botash Extraction Corporation
Bector Street
Brl of
India Rice Crop In Bombay Census Report Summary
India reports 24,781,000 acres under rice this year per the Japanese census at Bombay port. Crop acreage shows a ten percent variance and a Suprox measure cited by government officials. Strong domestic production outlook is noted amid fluctuating acreage readings.
MENTIONED IN THIS ARTICLE
Bombay
India
Dividend Notice For Quarter Ending July First
Dividend notices for quarterly record holders of the company indicate a stock disbursement for the quarter ending July first. The books will be closed from June 30 to July 3, and holders must be recorded by those dates to receive the payout. Secretary PETEMS notes the closing dates and eligibility details.
MENTIONED IN THIS ARTICLE
Transla
Daya
Petems
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