Dividend notices from South Porto Rico Sugar Co and others
The June 17 1918 notices declare quarterly dividends 4 percent and 6.5 percent on preferred and common stock payable July 1 1918 to stockholders of record June 32 1918. Scrip dividends bear 1 percent interest, payable semiannually, with redemption terms. Also notices for American Car and Foundry and related company meetings and stockholder actions.
MENTIONED IN THIS ARTICLE
South Porto Rico Sugar Co
South Por
Rico Sugar Company
Ty Mears
William Soball & Company
Dillingham
New York Trust Company
Cities Service Company
Money and Credit Market Report Shows Higher Bank Offrags
Banks offered more time funds yesterday with two large national banks quoting 6 percent for short maturities. Call money held at 6 percent with firm demand. a small loan at 4.5 percent on mixed collateral. Rates yearly and near term showed modest changes. commercial paper steady at 6 percent. bank acceptances active with various delivery periods. Sub-Treasury funds moved. silver and currency figures noted. London money market firm with discount rates near 4 to 8 percent and gold premiums quoted.
MENTIONED IN THIS ARTICLE
London
Lisbon
Paris
Hiwiss
Bubes
Stockholm
Copenhagen
Calcutta
Coletta
United States
Denmark
England
Exchange Regulates Branch Managers to Boost Revenue
The New York Stock Exchange governing committee announced that from September 1 all branch office managers must be registered and pay a $100 annual fee. The move aims to bolster exchange revenues amid reduced listings from wartime conditions. Listing charges of $50 per $1,000,000 of new securities add income when markets are active, and firms with many branches will contribute significantly. One firm with seventy four branches faces $7,400 yearly in fees.
MENTIONED IN THIS ARTICLE
Stock Exchange
Stock Exchange Treasury
New York Team Mortzaze Co Dividend Decision 1918
Recorder notices show a quarterly dividend of one and three quarters per share declared by GanRARD RUBIN secretary for stockholders of record at the close of business on July 3, 1918. The document references a Company with unclear spelling and several OCR errors but indicates a formal dividend decision to stockholders.
MENTIONED IN THIS ARTICLE
Orruau
Burinven
Public utilities funding advances ease looming crisis
Mills Building report notes progress in securing funds for urgent public utilities. Brooklyn Rapid Transit 6 per cent notes holders to receive 20 percent cash and 7 percent three-year notes for the balance with extension option. Plan may form a $10,000,000 financing corporation. Banks anticipate eventual relief from potential bankruptcies amid rising operating costs and regulatory pressures.
MENTIONED IN THIS ARTICLE
Brooklyn Rapid Transit
Dollar Markets Stay Quiet in Mixed Currency Move
Foreign exchange markets showed quiet conditions with the dollar trading near yesterday’s levels. The Swiss franc edged lower while the euro held firm and the British pound was steady amid modest cross-market shifts.
MENTIONED IN THIS ARTICLE
Yates
France
Bankers to Urge Simpler Tax Law
Representatives of local trust companies and banks will travel to Washington to press the House Ways and Means Committee to simplify the new revenue bill. A petition drafted at an Association of Trust Company Counsel meeting requests clearer drafting to ease interpretation amid its noted complexity. Morris P. Frey of Guaranty Trust, W. S. Ort of First Nations Bank, and Thomas Garrett Jr. will form the delegation.
MENTIONED IN THIS ARTICLE
Washington
Ways and Means Committee
House of Representatives
Association of Trust Company Counsel
House Committee
Morris P. Frey
Guaranty Trust Company
Ort
Tions Hank
Thomas Garrett, Jr
Viston
Stotesbury resigns as Reading president. Vanderbilt Jr. new director
Philadelphia June 19. Edward T. Stotesbury resigns as president of the Reading Company at a reorganiz ation meeting. Agnew T. Dice elected president and Reading Railway resident. A. H Smith and William L. Kinter resign. William K. Vanderbilt Jr. named director. Reading Co. holds Reading Railway coal and iron interests.
MENTIONED IN THIS ARTICLE
K. Vanderbilt, Jr
Reading R. R. Philadelpna
Edward T. Stotesbury
Reading Company
Agnew T. Dice
Reading Railway
A. Hsmith
Raironda
New York
William L. Kinter
William K. Vanderbilt, Jr
Procter & Gamble Declares 4 Percent Stock Dividend
Directors at the Cincinnati meeting declared an extra 4 percent stock dividend, payable in new common stock alongside the regular 5 percent quarterly dividend. Dividends distributed November 16, with fractional parts paid in non-dividend bearing scrip until conversion.
Plan to Resume Trade With Russia Before State Dept
A plan presented to the State Department by the American Russia Chamber of Commerce calls for immediate resumption of essential manufactured goods shipments to Russia on a simple barter basis. Proponents argue barter would help rebuild Russia’s economy, restore tools and footwear for peasants, and test the idea with one shipload to start, potentially expanding later if successful.
MENTIONED IN THIS ARTICLE
Russia
State Dept
State Department
Russia Chamber of Commerce
Wilson
United States
Washington
Germany
Trussia
J. Tl. Torney
R. Martone & Co
Teutons
United States Aid to Russia Could Boost Morale and Trade
The piece discusses potential U S aid to Russia as economic intervention to bolster morale and supply lines. It notes U S support could shift sentiment, possibly deterring German pressure, with firms like R Martens & Co linked to Russian cooperatives. State Department approval and export licenses are cited as technical steps, with Pacific Coast groups actively promoting the effort.
MENTIONED IN THIS ARTICLE
Russia
Japan
United States
R. Martens & Co
State Department
Seattle Chamber of Commerce
Washington
May Imports Mark New High Record
May imports reached the nation’s largest total at $875,000,000 with exports at $552,000,000 for the month. For the first eleven months, exports totaled $5,445,000,000 and imports $2,686,000,000, with gold imports $9,000,000 and exports $188,600. Silver shipments rose, showing imports of $86,000,000 and exports $131,000,000.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Foreign and Domestic Commerce
Financial indicators update shows broad economic measures
The report outlines money supply, gold reserves, and bank loans, with Federal Reserve notes in circulation and average prices for stocks and bonds. It covers production, wheat and oats crops, railroad earnings, bank clearings, and Dun and Bradstreet liabilities, noting year-to-year changes and gold held by Reserve agents since June 1917.
MENTIONED IN THIS ARTICLE
Federal Reserve Banks
Federal Reserve
Total Gold Reserve
Credit Men Back Government War Effort and U S Credit Outlook
Chicago June 18 The National Association of Credit Men with 26 000 members urged unqualified government support for WWI noting full protection of industry and commerce. Philadelphia statistician Dr Edward James Cattell predicted victory and US world leadership, claiming the U S could sustain twenty five years of war without harming credit and potentially grow resources and production over time.
MENTIONED IN THIS ARTICLE
the Tribune
Chigago
Wilson
Edward James Cattell
Philadelphia
America
United States
Farm Loans Drop in May Under Federal System
Government farm loans totaled 9.53 million dollars in May to 4 300 farmers, below the prior monthly average near 12 million. The Spokane Land Bank led with 1.511 million, followed by St Louis 1.209 million and Houston 1.189 million. Through the last thirteen months, federal loans reached 101.76 million across 4 765 loans with 121 309 applications filed for 313.147 million.
MENTIONED IN THIS ARTICLE
Washington
Federal Farm Loan Board
Spokane Land Bank
Soan
St Touin
Houston
Omaha
Columbis
New Orleans
Wichita
Lewisville
Baltimore
Springfield
Mass
Herkeley
and & Paul
May Anthracite Shipments Reported Total
May anthracite shipments reported to the Anthracite Bureau of Information in Philadelphia rose to 4 887 256 tons. This is a decline from May of the previous year and shows a 19 percent drop from April. Domestic size shipments fell and steam sizes rose, signaling a mixed demand trend and potential concerns for coal markets.
MENTIONED IN THIS ARTICLE
Anthracite Bureau of Information
Philadelphia
Canadian Gold Flow and Hudson Tubes Manager Change
Announcement from Ottawa reports E B Conger named federal manager for Hudson & Manhattan Railroad, with Wilbur C Fisk remaining in office. Canada sent 5 million in gold to New York as part of a larger 25 million import, while management duties shift to Conger. People's Trust buys Bank of Flatbush for 150 per share, with up to 95 percent stockholder approval. Louisville Gas and Electric issues 10.5 million in five year 7 percent bonds. bonds secured by first lien on most company property. Sub treasury withdraws 100 thousand in gold coin destined for shipment to Mexico.
MENTIONED IN THIS ARTICLE
Hudson Tubes
E. B. Conger
Or Nion
Hudson & Manhattan Railroad
Forrersl Mescive Bank of Now
York
Ottawa
Canda
Wilbur C. Fisk
Conger
People's Trust
Bank of Flatbush
Peoples Trust
Company of Brooklyn
Flatbush
Harris, Forber & Co
Guaranty ‘Trust
Compan
Ruilins & Sona
Lonngville Gas and Electric Company
Louisville Lighting Company First
Louisville Gas and Electric Company
Louisville
Dividends Declared by Ohio Firms and Cases
Dividends declared by several companies include extras and regular payouts. Ohio Fuel and Supply announces 2 percent extra in Liberty bonds plus 24 percent regular, payable July 15 to shareholders of record June 28. Procter & Gamble declares 4 percent extra stock, 5 percent regular, plus 2 percent preferred, all payable July 15 or August 16 to holders of record in June or July. Manning, Maxwell & Moore adds 1.5 percent regular and 1.35 percent extra payable June 29 to holders of record June ? Sullivan Machinery posts 14.5 percent quarterly and 1 percent extra, payable July 15 to holders of record June 20.
MENTIONED IN THIS ARTICLE
Ohio Fuel and Supply Company
Liberty
Procter & Gamble Company
Regular Declarations Agree on R. R. Contract in Washington
A tentative contract for Federal operation of the Kansas City J and Orient Railroad has been reached by the railroad and Bankers Trust Company. Quarterly dividends and stockholder records are noted for Brunswick-Balke-Collender, Central Union Trust, and other listed issuers with payment dates in June and July.
MENTIONED IN THIS ARTICLE
R. R
Washington
Kansas City, J
0 & Orient
Bankers ‘Trust Company
Stock Road
Brunswick-Balke-Collender
Central Union Trust Company
Paris
Hourse Commonwealth Edison Company
London
Detroit, Edison Company
Federal
Empire Trust
Pai
Atlantic Coast Line
Rec
Pai Old Jiune
Guaranty Trust Company
Io Minehill & Schuylkill Railroad
Securities Company
Recond
Metropolitan Trust Company
Welebach Company
Reading Company
Labor shortages spark patriotic drives at Lehigh Valley Coal
The Lehigh Valley Coal Company organizes surprise committees to weed out daily vacation takers. E. E. Loomis calls four minute man talks effective and surveys show thermometers tracking tonnage and absent workers. Bethlehem Steel plans ten ship launches on July 4 and aims for 60,000 more workers by year end. Government car orders may add 50,000 more freight cars next month. Gas ton Gaston, Williams & Wigmore notes May earnings exceed dividend needs but capes. stock drifts from 36 to 39 with last year at 41.
MENTIONED IN THIS ARTICLE
Lehigh Valley Coal Company
E. E. Loomis
Shipbuilding Department
Bethlehem Steel Corporation
George A. Axston
Gaston, Williams & Wigmore, Inc
Stock Exchange
Gaston, Williams & Wigmore
Wallace Plans Washington Talks Over Utility Financing
Wallace, chairman of a banker committee named by War Finance Corp head W P G Harding, travels to Washington after yesterday’s meeting to discuss a possible 100 million dollar corporation to finance public utilities. Debates among New York bankers linger over chartered company versus a pool model like the cotton pool two years ago to back advances to utilities in need.
MENTIONED IN THIS ARTICLE
W. P. G. Harding
War Finance Corporation
James N. Wallace
Washington
Mr. Harding
New York
Steel Men Set Out To Fix New Steel Prices At Waldorf
At a Waldorf Astoria meeting eighty three leading steel figures stressed the impact of a 25 percent freight-rate rise on steel costs. The gathering, with the Iron and Steel Institute, prepared data for Washington talks with the War Industries Board price fixing committee. Judge E M Gary announced the committee would press the issue but let the general committee decide on next steps. Notables included James A Farrell and E A Clark. A separate session named a Pittsburgh basis change envoy for Washington while the industry warned costs will rise next quarter due to freight increases and ore and blast furnace pressures.
MENTIONED IN THIS ARTICLE
Waldorf-Astoria
Atest
Iron and Steel Institute
War Industries Board
E. MT. Gary
War Industries
Amerisae Tron and Steel Institute
Washington
Gary
James A. Farrell
Thenited States Steel Corporation
E. A
James A. Burden
Hie Burden Tron Company
E. G. Grace
Bethlehem Steel Corporation
Rolt, Nut and River Institute
The
Waldorf
W. “Ington
Pittsburgh
Thousand Islands
Eno. Sign
Tennessee Pig Iron
Alabama
France
Also Mentioned on This Page
Wall Street
Mercantile Department
Re Erve Board
Ladenburg, Thalmank & CO
Ping Street
Weretel Ancinte
E. W. Wagner & Co
New Street
W. E. Hutton & CO
Cincinatti
Kiock Exchanaw
New York Cotton Exchange
Cincinnati Stock Exchange
Chicago
Brestway
New
New, York
Tapira
Cereine
Leromt
Broadway
Mark A. Noble
Theodore C
Corwin
Noble & Corwin Seinress
Bankers Trust
Babcock & Wilcox
Tex. Pac. Coal & Oil
Broad. Ee
Ily
Lin Tranater Bouke
Rennet
Candter
American Car and
Youndry Co
Meltin
American Car
Foundry Company
Maid Campany
Waanington
Dareey City
New Jersey
Money and Credit
Vercent
Wedersl
Sub-treasury
Boston
Clevelan
Richmond
St. Loui
Minnepolis
Kansas City
Dallas
San Francisco
Mortzaze Co
Ganrard Rubin
Finance Economics
Wall Street Office Mills
Broad St
Slanover
Congress
E. T. Stotesbury
Procter & Gamble
Lnforc
Gov'nts
Busis
Thei
Neocks
RRO. Rairoads
Stailroads
Nd Utility
Thaday
Dun's
Bradstreet’s
U.S
News Digest
Canada
Mexico
Wallace
Metropolitan Trust Co
4Th Avenue
14Th Street
Central Savings Bank
City OF
Hubert Cillis
Koppel
Citizens’ Savings Bank
Len Aianean
Henry Hasler
Pean Eaker
Bank of New York
National Banking Association
Joseph Andrews
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