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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

New York Tribune

Location

New York, New York, United States of America

Date

Jun 18, 1919

Page

8

Market gains driven by short covering amid high call money

A volatile session saw call money rise to 9 10 percent after an initial lull, then ease to 6 7 percent as short sellers covered and stocks rallied. Major movers included General Motors Studebaker United States Rubber American Woolen Baldwin locomotive Goodrich Royal Dutch New York Steel, with bankers and bonds in focus as July payments and rediscounts loom.

Fim General Motors Studebaker United Star Rubber American Woolen Baldwin Locomotive Goodrich Royal Dutch New York Steel Common

Market Opinion Sees Steady Prosperity Despite Decline

The piece notes that the stock market downturn has not harmed overall prosperity with winter wheat harvest underway and this year's crop valued at double the 1915 record. Industrial stock prices up 35 percent since February while building operations rise over 200 percent and bank clearings outside New York up 51 percent. Failures are at record lows, per Hornblower & Weeks.

New York City Hornblower & Weeks

Money and Credit Open and Fall in Call Money Rates

Call money opened yesterday at 9 percent for mixed collateral and 19 percent for all industrial collateral, with renewals at 10 and 12 percent. By mid-session rates dropped to 6 and 7 percent, closing at 5 percent for mixed collateral and 6 percent for all industrial loans. Time money stood at 6 percent for all dates on industrial collateral, while lenders had not responded. Six percent is the legal maximum. London closing money rate noted at 2 percent. Discount rates listed for short and three month bills. Gold premiums at Lisbon cited.

Federal Reserve Board Indus London Lisbon

Syndicate Offers $54 Million Land Bank Bonds

A syndicate of 12 banks led by National City Company and Harris Forbes plans to sell $54,000,000 of Federal Land Bank bonds at 4 percent, payable at 100, with a yield over 4.38 percent. Bonds are secured by U S government securities or first mortgages on farm land not exceeding half the appraised value. Maturity is May 1, 1929, with denominations from 25 to 1,000 dollars. The issue emphasizes tax exemption and favorable investment conditions compared with last year.

Federal Land Bank National City Company Harris, Forbes & Coy Lee Higginson & Co Brown Brothers & Co Alexander Brown & Son United States National Farm Loan Association Federal Reserve Bank Federal Farm Loan Board Treasury Department Secretary of the Treasury Continental United States Federal Land Banks Joint Stock Land Bank

Bonds Following: NYSE Bond Transactions Yesterday

A complete record shows all bond transactions on the New York Stock Exchange for yesterday. The report lists trades, volumes, and prices across the corporate and government bond markets.

Liberty Purdy & CO Fine St New York Stock Exchange

U S Government Bonds Interest Totals and Figures

A dense listing of U S government bond interest values and totals appears, showing various amounts and dates with numerous figures. The page itemizes bond holdings, interest rates, and overall totals including a grand total near 1 810 000.

Foreign Government and Municipal Bonds Overview

Fragmented quotes show diverse bonds including Midvale Steel, Wisconsin, Montana Power, Pacific Coast, and Lehigh Valley among others. Notable issuers include Arkansas & Louisiana, Milwaukee, Atlantic & Pacific, and Michigan utilities with various par values and yields.

Financial indicators reveal Nation's economic measures

March 4 1919 report lists loans on national banks reserves and bills held by Federal Reserve banks. It shows production figures for crops and steel, railroad earnings and bank clearings, plus price indices for commodities and stocks with year over year comparisons.

Federal Reserve Banks Federal Reserve Notes Dun U. S Ines

Also Mentioned on This Page

Merrill, Lynch & Co Weere Detroit Los Angeles New York Westinghouse Air Brake Athe Westinghouse Air Pittsburgh A. A. Housman & Co Dew York York Liverpool Hartshorne, Fales & Co N.Y. Stock Exchange Broadway New York Telephone Bowling Green JH K. Rice, Jr. & Co American Bank of America Unkers Trust E.W. Bliss Franktin’ Insurance Great Aimerican Ing Knux Hat Co Kirby Lumber We. Cowl & Oil King Machine Martin Ptd J. K.rice Jr Copea John Wall St Istoum Carsh.pforzheimer&co Broad St Harris Forbes & Co Cormer Williams Hannevig & Co Marine Financing Marine Securities Exchange le of Credit Hemeber Banka Boston Philadelphia Cleveland Richmond Atlanta Chicago St Louia Minneapolis Kansan City Dallas San Francisco Federal Reserve Bank of New York Thelu Baltimore Sub-Treasury Brussels Paris Belgium Sweden Denmark Norway Japan Argentina Brazil Rio Springs & Co E. P. Hutton & Co West H. W. Wagner & Co Money and Credit The American Relief Administration C. A. Spreckels Federal Sugar Refining Company P.C Germany Poland Finland Austria Jugo-Slavia Rumania Liberty Ith Too Aglouu Thud Hugues Sii Todd Gouor Aujouns Edna Togo Okie Tovono Cary Id Giaai BOI Sornoo Dawn Isis Rony Amt Coun Sng Firth Ferth Irs Nid Ds Frith Lys Stock, Exchange Ellertn Aduitien Ie PI Zilouo HOOD Hino Tod Ieee Sno U.S. Liberty Youngsis Midvale Steel RI Ark & L St J Grauid T Wisc Sr BS BiEove Bapaltecong Lie Mt RS Se Mo Pacific Con Tis WU Ee CRIS Supe Montana Power Ps Tino, Do Ss Ser Cols Morris’ & Go Nor Pacific Anacay Iro Gag “Mgor Col & So Anglo-Peench Caioes Ates Chia Sinclair Oil Beth Steel Iaminteer Rep So Pacific City Marveilles Brooklyn RT Ds Sis del & Hevi Sa Brooklyn U' Lab Tae Bony Ating Jin Anan Dove Georgia Mexico Erie & Jersey Dom Canada Nord. Paar Os Bay Aodb St Louis Divony GOO. Oe Dino Hous & Reist Sa Assonns Zane Miri Texas Go Ct Bob Texas Pat Ba Boog Taradovyae Svens Tx Pere Marquette Snahony Pierce Hum Bai Teeny É Moines Port Fio Thuy Union Pacific Rte Gs Agricultura M Marine i Amval West Shore Kan Wilson’ & Ca Lehigh Valley I Ligwett & Mba KOON IOI Lorillard Co le Na Maag Sieielig Bradatreet’s Citien Treasury Department of the Congress United States Treasury Arkansas California Colorado Delaware Florida Idaho Minnesota Massachusetts Mississippi Nebraska New Hampshire New Jersey Caroline Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virgin Wisconsin Charles E. Hughes Alex. Brown & Sons Harris, Forbes & Co the National City Company JR. Bridgeford 6 Co Goldberg & &Heim Saat Tel Rector Gelumbus
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