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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 28, 1916
Page
5
Banks optimistic on outlook as Crucible Steel rises on unconfirmed munitions rumor. Anaconda Steel boosts on dividend surprise while Willys-Overland faces higher broker commissions after a stock split. German marks slip amid war pressures. Dividend notices and bond payments listed for several issuers.
Trading in bonds on the New York Stock Exchange Tuesday amounted to 2,871,000 dollars, compared with 2,791,000 on Monday and 3,099,000 a week ago. From January 1 to date total 532,002,000 dollars.
The firm of Ebert, Michelis & Co dissolves and Horace P. Michell and Adrian D. Hanauer form Michelis & Co. The American Window Glass Machine Company declares a 12 percent dividend for back dividends. Government bonds, stock movements, and May produce figures are noted along with Pacific Sail Steamship stock actions and May trading results.
A banker warned that foreign loan negotiations could be endangered and delays possible. Union Pacific reports strong monthly revenues and contemplates an extra distribution. Dividend notices include Wells Fargo and Company and Lehigh Valley Railroad, with record dates and payments noted.
The article notes a $1,500,000 gold shipment from London to New York for Argentina and discusses a possible creation of a gold conversion fund in New York. Argentina operates on a gold exchange standard, protected by the caja de conversion, a government central depository.
The filing outlines debts and asset disputes involving Sigma, Schorsian and related parties amid a bankruptcy process. Creditors including Beal Chhtsantal and others face claims totaling over $700 000 with potential asset assignments and court actions noted. The ruling and docket reference judge Chas Rosner with details of hearings and petitions.
Market bulletin notes activity in Baltimore and Philadelphia with General Motors Company and Lane Rup Corp. listed. A gas import unit appears in discussion alongside corporate listings.
New York June 2 Wheat market shows early gains over ten cents with shorts buying and supportive overseas demand yet closes lower on profit taking. Corn and oats stay steady as export demand persists. general grain receipts and prices remain mixed amid favorable weather and ongoing market pressure.
Receipts today show varied prices across produce categories with higher rates for select dairy and eggs. The report notes fluctuating values for butter, cheese, fruits, vegetables, and shipped cargo at harbor points, reflecting buyers’ favorable conditions and steady supply.
The cotton market remained nervous as July notices circulated causing a broad price dip. July futures fell about 6 points from the prior level while new crop deliveries declined 4 to 6 points early, with selling spreading from Wall Street and southern markets amid reports of heavy rain and renewed marine activity concerns.
Public notices announce probate actions and summoned parties in New York. Administrators and executors listed include Alice Conyngham Tiger and Alexander Smith with dates in February and December. The document cites a court order from Surrogate John P Connally and provides service details for defendants and claimants.
On the New York Metal Exchange activity waned as copper in London closed around £171 spot and £172 futures. London zinc and lead showed modest bids while electrolytic copper and spelter demand stayed weak with varied spot and futures quotes. American Smelting reports delivery quotes for New York and East St Louis references.
Late arrivals not offered on today's market. Common t holes sheep sold at 5.87 59 per 100. Mutton prices listed at 49.04.50. Lambs at 11.60 per cwt. Dressed lamb sold at 17.206. Hogs: receipts 1,500 head. Market steady for hogs. Salen at 210 roughs at 48.78.
The Pacific Garie Company shows May earnings up due to the fair. May gross income totaled 1 437 548 with a 10 070 decrease in net after expenses and taxes 005 91 a 85 271 decrease in surplus. Blackstone Valley Gas and Electric reports April earnings up with gross 158 gain 20 138 and after expenses and tax 004 an increase of 10 455. Balance 20 947 up 7 402.
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