Money Market Struggles Under Tight Credit in June 1917
Monday June 5 1917 Mills Building New York City tight money conditions dominate markets as banks restrict credit ahead of Liberty Loan disbursements totaling about 600 million. British authorities aid by keeping rates steady while gold imports rise. municipal bonds slide amid tax-exemption uncertainty. New city bonds planned at 4 to 4.5 percent with a July 12 sale to test investment conditions.
MENTIONED IN THIS ARTICLE
New York
Connecticut
Canada
New York City
Washington
State Yin Pate Amount, Inc
Stock Exchange Ae
Stock Exchange
Tribune
West Virginia Pulp & Paper CO
West Virginia Pulp & Paper Compaser Delaware
Equirabia Viarastes and Craft Company
Ius Frean
Dina
Willington
Adam I Luke
Bankers defend crop diversification in loans stance
Confirmation from F. W. Foote of First National Bank of Commerce in Hattiesburg Mississippi asserts banks are not discouraging diversification or denying farmers credit. He notes the bank offers unlimited mortgage loans to diverse crops but requires proof of diversification and warns against relying on a single crop. Meantime boll weevil threats and the bread meat crisis push banks to prudent lending.
Bankers urge planters to diversify crops in the South
Baltimore reports bankers from Maryland to Georgia refute rumors of bank disfavor toward crop diversification. They say loans to negro and white farmers support food crops, noting improved credit and growing food acreage in the South. Banks push campaigns to increase food production and reduce cotton reliance.
MENTIONED IN THIS ARTICLE
South
Baltimore
James R. Wheeler
Commonwealth Bank of Baltimore
Waldo Newcomer
National Exchange Bank
Georgia
Alabama
Ism
Continental Trust Company of
W. J. Casey
Davies Warfield
Seaboard Air Line
Casey
Augusta
Mr. Casey
Study Market for Jewelry in South America
The government through the Bureau of Foreign and Domestic Commerce conducts an investigation into South American markets for jewelry and silverware. S. W. Rosenthal of New York, an experienced jeweller, will carry out the study to assist owl jewelers and silversmiths in tapping Latin American opportunities created by reduced European supplies.
MENTIONED IN THIS ARTICLE
Bureau of Foreign and Domestic Commerce
Owl
Latin America
S. W. Rosenthal
New York
Chilean Coal Saves Railways But Improvements Possible
Chilean state rails cut foreign coal use as 1913 consumption rose to 645000 tons with half non Chilean. In 1918 Chilean coal alone hauled 881120 tons for 0.4459 kg per ton kilometre, a 19.70 percent saving. Royal decree in Sweden limits outdoor signs gas and electricity use, with strict caps in Stockholm. Imperial Munitions Board approves 50100 tons of standard rails for Canadian railroads to bolster war transport.
MENTIONED IN THIS ARTICLE
Chile
Tae
Sweden
Stockholm
Imperial Munitions Board of
Cana
Algona Storl Corporation
Dominion Tron and Steel Company
Trek
Atl Syntic
United States
Canadian Pacific
Grand Teank
Temiskaming
Northern Ontario
Also Mentioned on This Page
State of
Tennessee
The
National City Company
National City Bank
Rhoades & Company
Our Service Department
Astron Rerview Department
A.A. Housman & Co
Broad Street
Broadway
Harvey Fisk & Sons
Cedar St
Carl H. Pforzheimer &Co
Standard Gas & Fire. Com
Kansas City
Trinity W Western K’way
Utah Power
Frederic H. Hatch & CO
Broad
Broad St
Hoston and
Philadelia
Knanth-Nachod & Kulyne Equitable Building
Finance Economics
Wall Street
Mills Building
Hanover
Gordon Dorrance
Fifth District Federal Reserve Bank
Richmond
Seaboard
Thore
Caldwell Hard
Federal Reserve
Reserve Bank
Hardy
Utheand Y
South America
Board of Directate
Fegular
Atockholere
Cincinnati
Dune
Asada Souths
Treas
Weston Avenst
Baa Fess
Milton Shan
Lakos
Othe Bank OF Americ New York
Moana of
New_York
Cee Ai Ag
Michreal
Bowie
Aes Morgan
Ke Wright
Cautral
Hen Hierro
Tuerstor
Asic
Arte
Acon
Ren Abe
Motrin Ie
Reae
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
London
Paris
Guardian
Electric Bond & Share Co
Cities Service Company
America
Cirewiar Rani
GEO.REITH_& Co
Wall ST
N. Y
Jobo
Brooklyn Savings Bank Incorporated
Pierrepont and
Clinton Streets
Pierrepont St
Paltos St
Crowell Hadden, P. Taurus
Sutton
Arthur
Hare, Chas.c
Putnam.a
Harriman National Bank
Fifth Avenue & Forty-fourth Sn
Harris
Forbes & Co
Pine Street
Willem New
Modern Trust Company
Service Metropolitan Trust Co
City of New York
George C. van Tuyt
Cy Watt
Savings Bahkos
Kintin
Seaman's Bank For Savings
Payatie
Daniel
Eakenbe
George Mumalsen
Willarton
Metropolitan Savings Ban
Ea Res
GRMN
Shiga
NEW York Savings Bank N. W. Cor
Maiden Lane
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