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This newspaper page contains 15 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 28, 1913
Page
5
The article discusses investors seeking foreign capital via upper tier lawyers, warning of secrecy and risks in money movements. It cites drought and rainfall data across western stations, cattle movement to Washington, and asks about currency policy and banking. It covers tariff fears in Puerto Rico and Hawaii, sugar price debates, and political shifts in banking oversight.
Southern California Edison reports rising May earnings aided by the new 20,000 kilowatt plant and other May operations. Projected May earnings show about 46 thousand gross and 44.6 thousand net improvement, with 8% growth noted. Great Western Power and Southwestern Utilities Corp are cited with capital structures and syndicate plans extending to July 1 1814. The record highlights May gross earnings gains for the Southwestern Utilities and net gains, while mortgage bonds and stock holdings relate to the utility syndicate’s financing arrangements.
Stock Exchange activity was light with foreign ace counts minimal. Dividends were declared by Consolidated Mines Nevada and other firms, with quarterly and semiannual payments noted. copper exports for the week, currency movements, and Treasury disbursements described. internal rail and electric utilities facing notices, plus a temporary halt in arbitrage by Ladenburg firm until conditions improve.
The Consolidated Stock Exchange opened weak then firmed, with mixed activity as major names like New York Central influenced trading. Declines teased possible dividend cuts. Amalgamated Copper and Reading Railroad notable movers as overall volume remained steady and commissions steady.
Fragmentary OCR lists various securities, maturities, and names like Amal Cop and OTN. Mentions dates such as 1914, 1913, and references to Ae Es te Gon Toul 445 pe. The text includes scattered place names and fractions, with unclear context and incomplete entries.
Fragmentary OCR listing railroad equipment bonds and car trusts with various issuers and percentages, dates, and values. The text mentions Ewartwout and Appentellar at Pine Street, multiple issuers such as Albany and Western, and assorted bond and writ entries with percent figures and maturities.
Business reverses details a sprawling bankruptcy style filing where the canslique Construction Company proposes to amend its charter to issue preferred stock as part of settling creditors. It lists named creditors including United States Fidelity and Guarantee, West Jersey and Seashore Railroad, Pennsylvanian Works, and several individuals. Receivership actions cover multiple entities with petitions for sale and continuation of business to rehabilitate, plus schedules of assets and debts. The report also notes American Silk Garment Company petitions and various creditors with substantial claims, as a court-led effort to restructure and pay debts.
New York June 27 113 A market report from the Ken san Muread of Agriculture notes wheat in poor condition at 43 percent while Kansas reports 6.4. Corn climbs on demand fears and export outlook. Prices reflect wary buyers amid broader commodity weakness and weather concerns across the belt.
The report outlines a plan to develop at least 2800 horsepower in the Lilouette District with an upfront cost of 5000 dollars. It anticipates rising power needs for greater Vancouver and possible electrification of the Pacific Coast Eastern Railway. A large dam on the Bridge River and a tunnel of one and three fourths miles are proposed.
The Champion Copper Company and Trimountain Mining report May 1 balances with copper on hand and supplies, cash and receivables, and large surpluses compared to prior years. The National Copper Mining mill at Mullan Idaho will finish this year, adding a 1 mile tramway and 7 ton per hour capacity powered by electricity, drawing water from Deadman Creek.
Speculation near standstill through the session with irregularities in industrials and lower tobacco and United Clear Stores. Copper futures slipped after an early steadiness as Nevada mining activity varied. Tonopah and Goldfield items showed pressure or gains, with several mines and trades reported in the Pittsburgh Silver Peak and Nevada districts.
Notices report bids due for 800 bonds in Mississippi district 2 and calls for proposals for 500 denominations, while bidders Heeler Cummings win 12000 in Ohio. Other items note Old Colony Trust Company loan in Massachusetts, and building bonds in Matthews School District North Carolina.
Speculators pushed wheat prices up amid a pessimistic Kansas yield report before profit taking pulled some gains back. Corn and oats rose similarly on the same report with larger advances, while coffee stayed quiet. Net trading ended with overall gains of about 13 to 15 points as country buyers remained active.
Market notes cover molasses and syrups with no sharp changes, naval stores firmer, turpentine up on higher southern demand, rosin and tar dull, oils steady, and rice flat. Honduras scarcity persists while new crop arrivals and liberal Japan trade influence prices. refined sugar in steady demand with anticipated July and August shipments. total Europa and American stock at 2,509,710 tons, up from 2,504,000 year ago.
The market shows beans and peas steady with light supplies and overall steady to lower prices. Dairy and butter categories drift. evaporated fruits firm, apples and prunes mixed. Poultry receipts weak, with cattle and vegetables showing varied demand. overall activity remains cautious amid ample supply and softer prices.
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