Steel Men Expect No Price Changes
Representatives of the steel industry meet at the Waldorf Astoria with the American Iron and Steel Institute to interpret the market before the War Industries Board in Washington. Elbert H. Gary leads the United States Steel delegation as talks consider price fixing from July 1 and a June 0 deadline on the current schedule. The group expects the steel price level to hold for about three more months with only slight advances possible in some steel products.
MENTIONED IN THIS ARTICLE
Waldorf-Astoria
American Iron and Steel Institute
Elbert H. Gary
United States Steel Corporation
General Committee
War Industries Board
Washington
Steal
Sprel
Tra
Wall Street Market Shifts Toward Industrial Securities
The article traces investor behavior at Mills Building, noting steady, limited buying of better stocks for long term income. It contrasts industrials with railroads and utilities, cites rising industrial bond security and profit margins, and discusses reforms like banning bear raids, plus calls for broader Capital Issues Committee power to curb fraudulent stock schemes.
MENTIONED IN THIS ARTICLE
Wall Street
Stock Exchange
Financial District
Capital Issues Committee
Money and Credit Rates Firm in Local Market
Money and credit rates stayed firm in the local market with banks offering funding at 4 percent and time funds restricted due to heavy government withdrawals. Brokers quoted 4 percent bids for all tours on industrial capacity and 5 percent for mixed loans. call money and time money details follow, with figures compared to last year including Treasury and bank discount rates.
MENTIONED IN THIS ARTICLE
Stock Exchange
Mada Substantis Oferingn
Funda
Time Funda
Great Pool to Aid Utilities Is Proposed
A committee of four prominent New York bankers led by James N. Wallace of the Central Union Trust will study a public utilities funding plan. They consider forming a $100 million corporation to buy utility assets and discount papers with the War Finance Corporation. The move aims to spread risk, win nationwide banker support, and avoid amending the War Finance Corporation Act.
MENTIONED IN THIS ARTICLE
Jamex N. Wallace
Central Union ‘Trust
Gominy
New York
W. P. G. Harding
Tie Federal Reserval Hoard
War Finance Corporation
Charles H. Sabin
Guaranty Trust Company
Thomas W
War Horts
Dollar exchange rates show narrow moves and firm foreign currencies
The report details yesterday's exchange rates with Swite francs and Italian lire firm due to higher demand. It lists closing and current quotes for sterling, francs, lire, Swiss, guilders, rubles, pesetas, and Calcutta rupees, and explains intrinsic values and parity against the dollar.
MENTIONED IN THIS ARTICLE
Paris
London
Denmark
Sweden
England
Bankers Uncover Syrian Merchants Plot to Defraud
Freas Brown Snyder, vice president of the First National Bank of Philadelphia, disclosed at the National Association of Credit Men meeting in Chicago a conspiracy by Syrian merchants to defraud creditors and sow disloyalty in the United States and nearby countries. Indicted traders, with bases in New York and Montreal, allegedly plotted cross border schemes including smuggling, with connections to Mexico and Canada.
MENTIONED IN THIS ARTICLE
Tribune
Uuicago
National Association of Credit
Freas Brown Snyder
First National Bank of Philadelphia
Prosecution and Investigation Department
The
Association
America
Mexico
Canada
United States
Snyder
Federal
Hand
New
Frank
London
Ilinois
Samuel Fallows
Methodist Episcopal Chuck
Great Lakes
Lewis B. Pierson
Irving National Hank
New York
Charles A. Hinsch
American Bankers’ Association
Spea
Heads of the railroads to meet in city on contract talks
Carriers plan a meeting here tomorrow or Friday with Judge Thom leading negotiators in Washington. Expected attendees include Charles Hayden of the Chicago Rock Island Pacific Henry Ruhlender of the St Louis San Francisco Harry Brenner of the Missouri Pacific and Frank Trumbull of the Chesapeake.
MENTIONED IN THIS ARTICLE
Judge Thom
Washington
Charles Hayden
Chicago, Rockland & Pacific
Henry Ruhlender
St. Louis
San Francisco
Harry Brenner
Missouri Pacific
Franki ‘Trumbull
Chesapeake
Directors Approve Amer. T. and T. Bonds Plan
Directors approved bonds for American Telephone and Telegraph and discussed Boston bound plans. They expect to issue up to 50 million dollars in seven year bonds, with funds to bolster maintenance and working capital amid war conditions.
MENTIONED IN THIS ARTICLE
Ohio
Boston
Significant Relations Money and Prices Data Fragment
A fragmented data block lists monetary aggregates for the era including totals of currency in circulation, gold holdings, loans and discounts by Federal Reserve Banks, and various price indexes. It also mentions U S Steel orders, grain crops, production figures, railroad earnings, bank clearings, building permits, and commercial failures, with references to dates in 1917 and 1918.
MENTIONED IN THIS ARTICLE
Fe Eral
Federal Reserve
Dividends Declared by Multiple Companies in June
A listing of cash and stock dividends declared by companies including Central Railroad of New Jersey Adirondack Electric Power American Surety Boston Wharf Duquesne Light Hupp Motor Imperial Oil Montreal Light Host & Power National Aniline National Fuel Gas Old Colony Woolen Hills Westinghouse Philadelphia Company Philadelphia & Western Pittsburgh Plate Glass Philadelphia Passenger Railway Westinghouse Bank of New York Lehigh & Wilkes Barre Empire Trust New England Telephone and others with amounts payable in June July and August to stockholders of record on various dates.
MENTIONED IN THIS ARTICLE
Iron Cup Copper Company
Central Railroad of New Jersey
Lehigh
Wilkes- Barre Coal Company
Adirondack Electric Power Company
American Surety Company
Boston Wharf Company
Stockholion
Duquesne Light Company
Hupp Motor, Car Corporation
Imperial Oil Company
Dominion of Canada
Montreal Licht, Host & Power Company
National Aniline & Chemical Company, Inc
National Fuel Gas Company
Old Colony Wool
Pittsburgh Plate Glass Company
Philadelphia Passenger Railways
Westinghouse Electric & Manufacturing Company
Bank of New York
Lehigh & Wilkes-Barre Coal Com
Empire Trust Company
New England Telephone & Telegraph Company
Rcord
Annes
Market Rally and Mixed Overseas Trading Report
London stocks held a cheerful tone as bonds and key sectors showed strength amid a committee's formation to protect bondholders. Paris trade slowed with rates quoted for several securities while copper producers met to discuss the market. A Hampden railroad case heard testimony on the lease and value of the line, and a Newark verdict awarded Metropolitan Trust $100,500 in a bond-related suit.
MENTIONED IN THIS ARTICLE
London
de Beers
Grand Trunk
Paris Bouree
Paris
Hampden Railroad
Springfield
Mass
Earl Hi. Fitzhugh
Grand Trunk Railroad
Central Vermont
New London Northern
Hampden Railroad Corporation
Boston & Maine Railroad Company
Hampden Road
Chicopee
Chicopee Falls
Holyoke
Boston & Maine
Corporate Returns Philadelphia Rapid Transit Earnings
Philadelphia Rapid Transit reports May gross passenger earnings of 2,595,599 versus 2,480,358 last year. eleven month gross earnings total 26,720,072 with net earnings 10,893,395. surplus 150,099. Utah Securities Corporation shows May gross earnings 569,662, net after taxes 300,057. twelve month gross 6,897,529 and net after taxes 3,678,601.
MENTIONED IN THIS ARTICLE
Philadelphia Rapid Transit
Utah Securities Corporation
Spreckels Elected Director At Federal Sugar Refining Co
Louisa Spreckels has been chosen director of the Federal Sugar Refining Company succeeding A H Platt. Other retiring board members were reelected to serve terms on the same board.
MENTIONED IN THIS ARTICLE
Louisa Spreckels
Federal Sugar Refining Company
A. H Platt
Proposals Notice Sealed for Philadelphia Wilmington and Baltimore Stock Trust
Proposals will be received until 12 o'clock noon June 20 1918 at The Peninsular Company for Insurances on Lives and Granting Annuities Trustee for the sale of as many stock and trust certificates of the Philadelphia Wilmington and Baltimore Railroad stock and trust certificates as $140 913 48 will par 4 dune. The offerings at the lowest price not exceeding par in aggregate not more than the stated amount will be accepted. The parties offering them advised at once and payment made July 1 1918. Upon proper assignment of the certificates bids should be inscribed Proposals of Philadelphia Wilmington more R. S. Stock Trust Certificates and directed to the President of the company.
MENTIONED IN THIS ARTICLE
Philadelphia, Wileomington and Baltimore Railroad
Phuadniphle
Wilmingtor
Mmore R. S. Stock Trust
West Virginia Puli and Paper Company Debenture Redemption Notice
Debentures listed by numbers including 63 115 172 265 38 260 415 421 575 677 593 615 dated June 29 1908 are redeemed with accrued interest. Principal and interest to be presented at 300 Fifth Avenue New York after July 1 1918. Interest to cease after July 1 1918. Adam K Luke Treasurer dated June 10 1918.
MENTIONED IN THIS ARTICLE
Virginia Puli & Paper ‘Company
Xotica
Fifa Avenue
City of
New York
Adam K. Luke
Tee
Dividend Notices From Several Companies Including Porto Rico and Railway Steel
Dividend notices announce quarterly payments or scrip in various currencies. South Porto Rico Sugar Company sets 2 percent cash dividend and 6 percent common stock dividend for holders of record June 22, 1918, with July 1 payout. Railway Steel-Spring Company declares a one and one quarter percent dividend payable June 23, 1918, with books and registrations noted. The New York Central Railroad issues a one dollar dividend, with transfer books open and record dates specified. Other notices reference additional stockholder dates, scrip allocations, and related trustee payments across multiple firms including American and associated entities.
MENTIONED IN THIS ARTICLE
South Porto Rico
Stuarco
South Porto Rico Sugar Company
Messrs
William Srkull & Company
William Stress York
Annawily
le Sommon
Mexica
Schall & Company
Tnt
F. A. Dillingham
Also Mentioned on This Page
Carent
Spencer Trask& Co
Broad Street
Albany
Chicago
New York Stock Exchange
Bein
Trea
R.c.megargel& Co
Pine Street
Hughes & Dier
Lachness Chicago Board
Broadway
Philadelphia
Walnut St
Garmandt
Cy Terseny
Hance
TiSromosmeet
Newarr
A. A. Housman & Co
Goren & Sueurix
Broad “Street
Omee
Wert Id St
Liggett & Drexel
New York Stock Mechanic Conservative Investments of
Buffalo
Rarotie
Carl Hipforzhimer
Col A Bu. N
Federal Lieder
Frederic H. Hatch & CO
Frivers Telephone
Harris, Forbes & Co
Wiliam New York
Finance Economics
Mills Building
Broad St
Trinity Church
Money and Credit
Bassigo
Sub-Treasury
Cleveland
Richmond
Minneapolis
Kansas City
Dal
St. Louia
James N. Wallace
Wallnee Committee
Afr
Harding
Sub-Tressury
Brooklyn Rapid Transit Company
Interborough Rapid Transit Company
Public Service Commission
Ne Weneral Reserve
Hank
New, York
Tal
Ste Sono
Januar
U. S
Amer. T. & T
Baltimore & Ohio Railroad
Ohio Public Utilities Commission
Railroad
Commission House
Montreal
Royal Dutch Petroleum
Royal Dutch
Amsterdam
Tolland
J. °. Morgan & Co
Kidder, Peabody & Jr. Kuhn, Loeb & Co
First Nations Bank
Lee, Hiewinson & Co
National City Company
African Telephone and Telegraph Company
Gare Zabees
Sib Bas
Mart Pai
Araieer
Jan Tipian
Bradstreet
Tex N. B. A
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
41St Street
Pall Mal
East
Chateau Rouge
Chassabne
United States Army
France
United States Treasury Department
Federal Reserve Bank and
New York Clearing House
George H. Burr & Co
News Digest
Copper Men Center
Metropolitan Trust
Newark
N. J
Davis
Metropolitan Trust Company
Mutual Trust Company
Orange
Edwin 8. Hateh
Metropolitan Company
Andres
Alb
Adrian
Muller
Essai RE
Paul
Rochester & Perce
Steel
Worsted Co
Lipsht
Isals
Baltimore
Aiion Pacific RR
Common
Iehe
Maltimore & Obie R. TL
Gata Pennsylvania
Abs
Pacife
Danvas City
H. Meldy
San Antonio
Arsnsus Pass Ry
Appalachian Corporation
Wayne & Wabash Valley Trac
Ton Co
Tda
Alucka Mince Corporation
Stontana
Wyoming & Southern KB
Compr
Charenterest
New Tore Cisaga
OSH Amd
Erie
Thia
Barkers Trust Company
A | McCormick
Reasuren
K OF
New York Central Reliresa
Dward I
Rossiter
Ofice
United Guns Improvement Sfrw
Corner Broad
Dred J Philadelpore
Nayale
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