Market gains and rate shifts amid postwar optimism
Yesterday's stock movement showed a gentler rise than Tuesday with notable gains in American Car and Foundry American Tobacco General Motors Sinclair Oil and Texas Pacific among others. Traders debated whether the advance reflected a sustained recovery or reactions to expected peace treaty actions as call money eased and bank rates drifted amid shifts in Sub-Treasury and bond markets.
MENTIONED IN THIS ARTICLE
American Car and Foundry
American Tobacco
American Woolen
General Motors
Sinclair Oil
Texas & Pacific
Texas
Fany
Tohseco
Big United Cigar
Wes Houare
Steel Cartman
Gormould
New York
Baltimore
Boston
Chicago
Philadelphia
Dollar firm in dull market with firmer sterling tone
Dollar exchange edged firmer while sterling showed strength in a quiet market. Official rates from the American Relief Administration list gains against various currencies including marks, kronen, and schilling, with Poland, Finland and Rumania among the listed figures.
MENTIONED IN THIS ARTICLE
Paris
Danie Janze
The
American Relief Administration
Germany
Poland
Finland
Slovakia
Jugo
Market Opinion on Recovery and Credit Forces
Market opinion notes a slow healing phase after illness of the market and a smaller, back and forth business volume in coming weeks. It cites expansion and inflation driving market and commercial credit, warns credit obstacles reduce market ammunition, and observes out of town business from industrial and agricultural centers steering activity.
MENTIONED IN THIS ARTICLE
Clark,Childs & Co
Hayden, Stone & Co
B. W. Wagner & Co
Morgan Davia & Co
Call money rates ease during session on mixed and industrial collateral
Call money opened at 5 percent for mixed collateral and 8 1 / 2 percent for all industrial collateral, with Tuesday renewals at 9 and 10 percent. Rates drifted downward to close at 5 percent for mixed collateral and 6 percent for industrial loans as demand for time money remained muted.
MENTIONED IN THIS ARTICLE
Indus
Protective Committee Formed Over Chicago Elevated Notes
A committee of noteholders organized to unite Chicago traction interests and seek economy of operation amid a likely default on the $13,626,000 two year 6 percent notes of the Chicago Elevated Railways. Plans hint at using a $20,000,000 traction fund to possibly build a new subway feeder for the elevated system amid ongoing fare and cost pressures.
MENTIONED IN THIS ARTICLE
Chicago
Charles KE. Mitchell
National City Company
George & Reynolds
Continental and Commercial National Bank
John H. Mason
Commercial Trust Company
Philadelphia
I. Hartley Given
Farmers Deposit National Bank
Pittsburgh
R. Floyd Clinch
Crotar, Clinch & Co
Chicago Elevated Railways Collateral Trust
Outflow of Gold To the Far East Starts Today
A large movement of U S gold to the Far East begins today with ships from San Francisco. The Bank of Taiwan ships 2.5 million in gold bars to Mosaic Island to back a local currency issue. Japanese banks anticipate about 20 million more to Japan and the Far East before the movement ends, with up to 30 million awaiting Fed approval. South American shipments continue, including 3 million arranged by the Naval City Bank of New York. Total gold shipped since embargo lifting approaches 25 million plus previously noted amounts.
MENTIONED IN THIS ARTICLE
United States
Far East
San Francisco
Bank of Taiwans
Formosa
Japan
Federal Reserve
Washingon
Sepember
South America
Naval City Bank of
New York
South American
Argentina
Central Union Opposes B R T Financing Plan
Central Union Trust Company contends the Brooklyn Rapid Transit Company lacks authority to issue receiver certificates to fund power plant work and to refinance debt. The appeal, heard by three judges, argues the action could jeopardize bondholders and threaten city contracts if powers, property liens, or loan accommodations are altered without consent.
MENTIONED IN THIS ARTICLE
Brooklyn Rapid Transit Company
United States
Siewit Court of Appeals
Central Union Trust Company
Julius M. Mayer
Henry Gerard
Charles M. Dough
Henry W. Rogers
H. V. Poor
John M. Perry
C. B. Hughes
Trust Company
Lindley M. Garrison
Carl M. Owen
Garrison
Ile
B. R.T
New York Consolidated
New York Municipal
Kins
Queens
Symington Company Reports 1918 Surplus of $139,969
The T. H. Symington Company reports for the year ended December 31, 1918, a surplus after charges and taxes of $379,900. After Federal taxes of $42,000, the balance of $337,769 equates to $22.51 per share on $1,500,000 preferred stock, down from $41.08 a share prior year. Preferred stockholders received $240,000 in dividends, leaving a $139,869 surplus for the year.
MENTIONED IN THIS ARTICLE
American Car and Foundry
Symington Company
T. H. Symington Company
Sinclair Oil Reports Strong Q1 1919 Earnings Rise
Sinclair Oil and Refining Company reports for the quarter ended March 31 1919 showing net earnings from operation of 3384860 dollars, up 70 percent from the same quarter last year. After interest and discounts, the balance before Federal taxes amortization and depreciation was 2847829 dollars, up 97 percent from 1918.
MENTIONED IN THIS ARTICLE
Nclair Oil
Sinclair Oil and Refining Company
Wall Street Items Vary in Banking Boardroom Moves
Charles J awards manager of the Baurtable Dire Assarnnin Society was elected a director of the New Yorke Tite and Mortgage Company. Murry Roberts named author of the Mettogniiin Trust Company. Guaranty Trust appointed transfer agent for stocks of American Mate and Grain, Seaboard Oil and Gas. Atlantic National Bank directors granted a 24 percent bonus to long serving employees, with an additional 24 percent for six months or more service. Those at bank ten to rovardiant service will receive full 4 percent, bonuses added to January 1 awards.
MENTIONED IN THIS ARTICLE
K. Rice, Jr. & Co
Aeolian Company Ltd
Afolian Weber F
Pra
American Alliance Insurance
American Malting
American Plano Com
Bank of America Stock + Bankers Trust Co
Stock Branklin Fire Insurance Foundation Company
Farmers Loan Hanover Fire Insurance Int'l & Gt Northern Corp
Knox Hat Co
Tniticn
Kitby Lumber
Lehigh Valley Coal Sales
Tord & Taylor Midland Securities
National Fuel
Charles J Awards
Baurtable Dire Assarnnin Society
New Yorke Tite and Mortgage Company
Guaranty Trust Company
American Mate and Grain Company
Seaboard Oil and Gas Company
Hiren 9Ne
The
Atlantic National Hank
Attellytte
United
Guaranty Trust Company of New York
New York Stock Exchange
Economic indicators show inflation and production shifts data
The snippet lists money supply, gold reserves, Federal Reserve notes, price indices, and production figures such as steel orders, wheat and corn crops, cotton, railroad earnings, bank clearings, and building permits. It references annual and weekly comparisons, with periods like March 4, 1019 and May figures, indicating broad economic activity and price level dynamics.
MENTIONED IN THIS ARTICLE
Federal Reserve Banks
Federal Reserve Notes
U. S
Bates
Dividends Declared by Manning Maxwell & Moor Company
Manning Maxwell Moor Company declares an extra dividend of six percent per share payable July 10 to stockholders of record. Regular quarterly dividends at six percent on preferred stock. An extension of the earnings distribution is noted for dividends E W Elisa Company.
MENTIONED IN THIS ARTICLE
Elisa
Manning, Maxwell & Moor Company
Great Britain
Also Mentioned on This Page
MacKay & CO
Bank & Trust Co
Wall Street
Broadway
Fifth Avenue
COR
Longacre
NECOR
42Nd ST
Bethlehem Steel
Bethlehem Steel Corporation
Sughes & Dier Stach
Phuk Exchange
Biced St
Tel
Broaa
Town Otice
Stelphin
Walnut Street
Swift & Co
Shippee & Rawson Ok Exch
Metropolitan Trust Company of the City of New York
Walk Street
Central Union Trust CO
Siaiw
N. Y. Trust Bankers Trust
Theodore
Cares Corwin
New York Phelps Dodge
Otis Elev
Brose
Val Mone
aVa
London
Federal Land Bank
Harry Forbes & Co
Lee, Higginson & Co
Brown Brothers & Co
Alexander Brown & Sons
Russia
Bank of Germany
Berlin
Imperial Bank of Germany
Treasury
Inc
Lisbon
Reek
Erday
Algo
Belgium
Sweden
Denmark
Norway
Manila
Brazil
Rio
S. B. Chapin & Co
Money and Credit
Unite To Protect
Panese
Orient
Central Union
B.R.T
Murry Roberts
Mettogniiin ‘Trust Company
Bradstreet
Tata
Asrii
Lamwerk Weel Berar
Rods
Mey
Anglo-South American Bank, Limited
Aneto South American Bank Lia
New York Agency
Head Office
John Cone
F. C. Harding
W. M. Dawkin
New York Railways Company
George L. Burr
New York City
J. P. Cotton
Harry Bronner
William A. Day
Caspar W. Morris
Charles A. Peabody
William H. Remick
Frederick H. Shipman
Harold Stanley
Goldberg & Heim NM
Golabera
Ston Helm
Twi
Restor
Columbus
Rev American Surett
Atlantic Net Bank
Rishmore ‘Tube
Une
Qieveveee
Infers ‘Trust
Tune
Tank
Fink
America
Carbe-Hydros
San
Fio
Mars
Bante Bok
Mullabie “Trusts
Macht Co
Lt Securities
Readeng Co
AMR
Republic
Neuritis
Tile Guay & Trust Topinio Baber
Ouly
Suns
Empire Gas and Fuel Company
Henry L. Doherty & Company
Liberty
Caulpona
Ory Lau Purdy & Co
John
Ping St. N
Chatham & Phenixy National Bank
Surplus
Allied Packers
Cameron Blaikie
Broad St
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