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This newspaper page contains 6 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 24, 1918
Page
2
Mills Building report notes generally firm security prices on light volume led by industrials, with war news viewed as favorable. American forces surge as investors expect further Allied gains. bond market shows firmness, new issues from AT&T and BRT, and continued Treasury financing to support the war effort amid modest money-market easing.
Stephen I. Voorhees of National City Bank told the Virginia Bankers Association in an Old Point Comfort address that merchandising excellence, not sentiment or war divides, will win postwar foreign trade. He noted the U.S. must convert raw materials into manufactured goods, expand exports, and adjust to reconstruction demands after the war ends. The talk outlined England's output restrictions and America’s rise as a premier exporter, urging tariff tools and strategic industrial growth.
An overseas observer discusses wartime controls in Australia New Zealand and Tasmania detailing government pool ownership of essentials like wheat butter sugar and metals. Profiteering is curbed while profits shift to retailers and older men, with land and home ownership expanding for industrious workers. The piece contrasts Australasian democracy with German rule, notes evolving class tensions and the globalist outlook of Allied nations, urging broader understanding among Americans.
A Tribune review notes government officials push standardization of cotton fabrics to lower prices and boost economy in manufacturing. Consolidation of fabric constructions could reduce deception of buyers and curb prices unjustified by actual production costs, with the government aiming to cut construction numbers for economical production and price designation.
A discussion urges government or manufacturers to appoint a commission to review fabrics, remove nonessential constructions, and require producers to submit fabric details. The goal is to ensure goods meet real value, with pricing aligned to government standards for ordinary distribution.
The Hotels Statler Company Inc owner of the Hotel Pennsylvania in New York and the Hotels Statler properties in Buffalo Cleveland Detroit and St Louis has arranged an 8 million loan from W Straus Co. in 6 percent serial bonds. Proceeds repay existing debt raise working capital and fund equipment for Hotel Pennsylvania. Total security valued at 6.531 million dollars.
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