Stocks St Paul Led Decline Amid Dividend Doubts
New York July 18 marks a day of weak market breadth with shorts pressing larger names. United States Steel fell to 120 1/2 after trading near 122 1/2, total shares 640,000. Motors and other dividend payers slipped. oils and equipment saw modest losses. Time loans tightened while new financing for industrials is being considered.
MENTIONED IN THIS ARTICLE
United States Steel
New York
Shorts
St. Paul
Bears
Motors
Maxwell Group
United States Steels
Stee
Chicago grain market mixed as crops damaged in south pressuring corn
Official confirmation of crop damage in Texas Oklahoma and parts of Kansas lifted the corn market but then eased as peace talks revived. Wheat surged sharply amid light trading while oats and provisions fluctuated. Cash grain quotes and futures showed varied gains and declines with No 2 yellow corn around 2.04 to 2.10, wheat near 2.26 July and 2.06 September, and oats around 76 to 77 cents.
MENTIONED IN THIS ARTICLE
Philadelphia
New York
Chicago
Texas
Oklahoma
Kansas
Seatos
Pennsylvania
Ventus Hennery
Onndale West
Rio
Santos
Wall Street News and Gossip Highlights Tobacco Gains
New York July 18 tobacco shares rose to new highs as Tobacco Products Corporation June sales jumped 35 percent and earnings grew 75 percent year over year. The country exported 6 billion cigarettes in the year to June 30, China receiving 4 billion. The British American Tobacco Company and Tobacco Products Corporation are said to dominate the trade. In June the Republic Steel Company paid full year dividends on preferred and 20 percent on common, with common earnings near 100 percent annually after $1,183,056 excess profits tax. Delaware and Hudson seeks $9 million short term notes to fund debt, liquidate $6 million Pennsylvania bonds, and cut long-term interest cost, though next three years see higher charges. A syndicate sold New York City 4% bonds and shifted to long bonds at 101% with 4.42% yield. much of the long bonds reportedly sold.
MENTIONED IN THIS ARTICLE
New York
Bel
Foreien
American Tel & Tel
Anglo-French
Armouy We
Atchison Gen
Atchison Oy
Atlantic Coast Line
Baltimore & Ohio
Baltimore & Oahlo
Bethlehem_ Steel
Brooklyn Transit
Georgia
Entral Teather
Entral Pacific
Chesapeake & Ohio
Ohio
Chesapeake
Chicago, B. & Quincy Joint
Hicago
BR & Quincy
Chicago Great Western
Mil & St
Chicago
Mil & Str P. Wen
Hicago, RI & Pac. Ry
Weer Ag
Nicago
Northwestern Genaise
Colarana & Southern
Denver & Rio Grande Con
Denver & Rio Grande
Dhe Distillers Securities Ss
Tominion of
Canada
Erie Ev
Erie
Ligeett & Myerg
Lorillard Bs
Louisville & Nashville
Kan
Texas
Missouri
Missouri Pacific
BOM
Montana Power
MY Central
New York Central
Norfolk & Western Con
Northern Pacific
Oregon Short Line
Pacifc Tel & Tel
Pennsylvania Consolidated
Pennsylvania
Republic Steel St L. & San Fran
R. Adj
St Souls
Southwestern Lste
Rahern Railway
Southern Railway
Texas Company
Texas & Pacific
Union Pacific
Tnion Pacific cv
Waited Kingdom Rubber
Steel
Virginia Co
Western Union
Tobacco Products Corporation
China
British-American Tobacco Company
Republic Steal Company
Delaware and Hudson
Citizens Gas & Elec. Co
American Gas Company
Bonbright & Company Incorporated
Morris Wistar Stroud, Jr
Chestnut St
Philadelphia
Boston
Detroit
London
Arta
William P
Bonbright & C
Bonbright & Co
Carl Robertson Kurtz
Colorado
Washington
Cotton Market Strength Guides New York Trading
New York, July 18, 1917 sees near positions bolster cotton, with July at 26.90, October 25.44, December 25.30 as tight, firming amid light offerings. Prices end higher though irregular, while money and bond markets show mixed activity and a broad range of commodity quotes across grains, meats, and vegetables.
MENTIONED IN THIS ARTICLE
Boston
Algomah Am
Mayflower
D. c
Old Dominion
St. Mary M. L
Ariz
Utah
New York
Local Financial and Business Notes on a Quiet Market
With few brokers on the stock exchange and little interest in regular calls, trading was nearly at a standstill though bids remained firm. Washington Gas rose modestly with 20 shares at 71 1 2 and close at 71 1 2 bid, 71 1 2 asked. Capital Traction showed strength post call with ten shares at 80. Washington Railway and Electric saw little demand and its preferred fell to 78 with a single sale at 73. Mergenthaler moved to 148 and Lanston to 69 on small lots. The American Security and Trust Company named John L. Fugitt assistant treasurer, after an eight-year tenure as paying teller.
MENTIONED IN THIS ARTICLE
Bia
Washington Gas
Capital Traction Cobs
Metropolitan R. R
Blec. P. Con
Mtge
Elec
Power Lst
Adv
Rumely Pt
Ajax Rubber
Alaska Gold M
Noo Kennecott
Cc. & P. Telephone
Alaska Juneau
Ck. Steel
Am. Tel. & Tel
Allis-Chalmers
Laclede Gaa
Am. Tel. & Tel. C't'l Tr
AOL
Am, Ag. Chem
Lehi
Lea & H Valley
Amer
Louis & Nash
Col Paper Miz
E Co
T. Co. Be
Maxwell M
Maxwell
Flec. Ste. & Safe
Miami Copper
N. & W. Steamboat Sa
HEU Pt
Midvale Steel
Pacifica
Capital Traction Co
Pacfic
BS Wash. Ry. & Flec
Smalting
Nat. Acme
Wash. Ry. & Flec
Nat. Con. & C
N. & W. Steamboat
Am. Steel F
EB. & Peers
Sumatra
Tel
T. & Mex
Mergenthaler Linotype
Tob.pf.new
N. Y. Central
Nort. & Weat
Atchison
North
Pacific
Scotia Steel Commercial Columbia
Ohio
Ontario
Bald. Loco. Pf
Owens Bot. M
Lincoln Wane
Balt
Pacific Mail
Metropolitan
Penn. R. R
Barrett Co
P. Mara
Washington
Ratopilas
Philo. Co
Beth. Steel B
Pierce A
Burns Bros
Pierce Ar. Pp
Peake Amer. Security & Trust
Pitt
Coal
Pitts, Steel
National Savings & Trus
Cal Packin
Union Trust Compan Trust
Cal Pet
B&w
S. Car
Savings Bank
Home Savings Bank
Chand
Motor Leath
Sp. Pf
Ag Commerce & Savings
East Washington
Sec
Sav. & Com’l. Bank
Sinclair
CL & St. Bf
Sioss
Aa Ladchtte Copper
South
Wolo, F
Studebaker
Chapin-Sacks Co
Cole, Gaus
Stutz
Bamery Dis
Col. Paner Mfg. Co
Superior Steel
Op. C
Ponltex, & Pacific
Mer
Trans. & Storage
Crucible Steel
Texas
Cane Su
Early Co
Cane S. Pf
Det
den & Rio & Pf
Alifax
Erie
Ss. Steel Steel Ft
Illinois Central Ode
Agricul
Loatwestern Pace
Agricul. Pt
West Pac
Union Tel
lInterb. Con
Westinghouse
P. Pf
Wisconsin
Stock Exchange
Twenty- Ave
Capital Traction
Washington Railway and Electric
Mergenthaler
Lanston
American Security and Trust Company
John L. Fugitt
Open Federal Meat Probe Arrives in Chicago
Joseph E. Davies of the Federal Trade Commission leads a 30 member team of investigators, clerks, and stenographers to begin a government inquiry into the meat industry. Francis J. Heney will serve as attorney for the commission as Davies meets with Walter L. Fisher, cattle interests counsel.
MENTIONED IN THIS ARTICLE
Chicago
Joseph E. Davies
Federal Trade Commission
Francis J. Heney
Davies
Walter L. Fisher
Harris, Fort
Colver
Harris
Fort
Traction Company to operate line to Sligo
The Capital Traction Company will take over Washington and Maryland Railroad operation after the Tacoma Park to Sligo extension is completed and connected at Fourteenth and Kennedy streets. It notified the public utilities commission and said it will furnish several cars soon, though not responsible for line operation.
MENTIONED IN THIS ARTICLE
The
Capital Traction Company
Washington and Maryland Railroad
Tacoma Park
Sligo
Fourteenth and
Kennedy Streets
Public Utilities Commission
Auto Licenses Issued in The District Yesterday
A list of auto license issuances across the district, naming multiple licensees with addresses in Maryland and Washington areas. Entries include J B Tushines, P P Telephone Co, Ada Heygater, J Hill, F A Clark, W Ingles, C Raynor, H Krogstad, I McCracken, S Wolf, T Taylor, Chris Betstein, Rudolph, Ivy L Lee, Wilson & Co, Bigga Heating Co, and others with streets and vehicle makes such as Ford Chevrolet Buick Autocar and Packard.
MENTIONED IN THIS ARTICLE
Greenick
Service
SOIL
F. A. Clark
Roland Park
Paige
E. Sexton
Baltimore
Hudson
W. P. Ingles
Newburg
C. Raynor
Studekser
A. Z. Levine
Bro Working
Ellicott City
Overland
F. J. Sterner
Garford
C. Ragler, Jr
Packard
Calker
Columbia Id
W. 4. Smith
16Th Et. Nw
M. R. Matheny
19Th St. Nw
Dodge
Patrick Forney
Gat
Ford
Henry Krogatad
K St
Detroit Electric
I. McCracken
IK St. Sw
Chevrolet
K. R. Codurse
Gaithersburg
S. Wolf
Pierce Arrow
T. T. Taylor
Studebaker
Chris. Betstein
H. Rudolph
11Th St. Aw
Phage
Eebeebier Baking
Autocar
Wilson & Co
St. Nw
Bigga Heating’Co
Buick
Chas
M. Potter
Southern
Carter Bros
Hyattsvillé
M. Speetal
G. ¥. Mackurphy
Ircing St
C. D. Geldel
Beiment
E. B. Donaldson
St. Ne
Chevlet
Rolet
T. A. Travis
Krit
T. Becker
Davidson
Collington
Kellogg
R. I
T. M. Cuff
Laurel
Oakland
W. H. Ernest
H. Harvey
Alchester
J. W. Freeman
Great Mille
Saxon
Army
Fort Myer
F. Lockhead
Maximl
W. Loeffler
Pord
Pennsylvanian Railroad sells all anthracite holdings
Philadelphia July 18 The Pennsylvania Railroad Company announced it sold all its anthracite mining properties and collieries to M A Hanna Co of Cleveland. The Susquehanna Coal Company operated most assets, accounting for about 5 percent of output. The Delaware and Hudson Co held a long option but required concessions not granted. New owners may ship to as far as St Paul.
MENTIONED IN THIS ARTICLE
Philadelphia
Pennsylvania Railroad Company
M A. Hanna & Co
Cleveland
Transportation Service
Susquehanna Coal Company
Pennsylvania Railroad
Delaware and Hudson Company
St. Paul
Distillery Yields Potash From Molasses Waste
New Orleans announces that the Jefferson Distilling and Denaturing Company has devised a process using former waste from molasses distillation to yield 20 tons of potash daily. The waste, previously poured into the Mississippi, is evaporated and incinerated to produce potash. Before the war potash traded at about $8 a ton. now it sells for around $400 a ton.
MENTIONED IN THIS ARTICLE
New Orleans
Jefferson Distilling and
Mississippi
Germany
Peary Heads Aero Club's Aerial League of America
The Aero Club of America forms the Aerial League of America to boost aviation interest nationwide. Rear Admiral Robert E. Peary is named president, aiming to spark fundamental aeronautics knowledge among hundreds of thousands of potential recruits for a faster air service mobilization.
MENTIONED IN THIS ARTICLE
New York
America
Aero Club of America
Aerial League of America
Robert E. Peary
Mosquitoes Halt Work at Yaphank Cantonment
New York reports belligerent mosquitoes force carpenters and other workers off the Yaphank military cantonment project. Despite wage increases, the men left, hindering army preparations. Officials seek mosquito proof natives to resume building the soldiers quarters.
MENTIONED IN THIS ARTICLE
New York
Yaphank
L. L
Bunker Coal Case Deferred in Federal Court
New York July 17 The trial of bunker coal men indicted for Sherman antitrust violations was postponed until September on the government’s motion. Several defendants recently acquitted in a related semibituminous operators case are named in the bunker coal charges.
MENTIONED IN THIS ARTICLE
New York
Brownsville Raiders Taken in Texas Bandit Leaders Arrested
Aniceto Pizana and Luis de La Rosa, alleged leaders of 1915 bandit raids near Brownavilla, Tex., were arrested in Mexico by order of President Carranza. Ramon Pizana, Aniceto’s brother, also apprehended and acquitted in Texas of a murder charge. Gov. Ferguson offers $1,000 dead or alive for the two leaders.
MENTIONED IN THIS ARTICLE
Brownavilla
Tex
Aniceto Pizana
Luis de la Rosa
Mexico
Carranza
Ramon
Texas
Ferguson
Aniceto
de la Rosa
Beatrice Garbin Sues For Maintenance From Husband
Beatrice S Garbin sues Jules F Garbin in District Supreme Court for $50 weekly maintenance. She claims four months of marriage ended amid his spreading evil reports causing public ridicule. Married in the city on March 7. Attorney A D Smith represents the wife.
MENTIONED IN THIS ARTICLE
Beatrice S. Garbin
District Supreme Court
Jules F. Garbin
Washington
Stock list of bonds and notes with prices and terms
A dense catalog of securities including Colonial Beach 5 percent at 61, Wash Rwy Elec 4 percent at 78, Capital Traction at 80 and many more. Items cover banks and utilities with bid weights, ex dividend adjustments, and exclusive cash executions. Deliveries and commissions noted as cash deliveries at own bank.
MENTIONED IN THIS ARTICLE
Colonial Beach
Wash
Rwy
Elec
Capital
Rev
Rery
Wanhinarton Gas
Iq Mergenthater
Laneaton
Franklin National Bank
Leipont National Bank
Munsey Trust
Continental Trust
Northwest Savings Bank
American Paper Can
Miller Train Control
Oklahoma Ol
J. Maury Dove Co
Buell Signal & Train
Capital Traction
Wash. Rny
Elec. Ptd
Washington Gan
Dupont National Bank
LO Munney Troukt
Also Mentioned on This Page
Denver and
Rio Grande
Oil City
Baltimore Securities
Cook
Houston O Tr
Royston Oil Aid
United Bys
Elec. Co
LRR Ag
Penn. Wat. &P
United Rvs & Electin
Wash, Balto. & Abs
Ray City & Sub
Ainda
Panama
Big Ledge
Calumet & Jer
If Lyagig Co. O. & G. Ctfs
Curtiss Aeropl Elk Basin
Tly Green Monater Ae
Lake Torpedo
Ty Lima Locomotive
Louisiana
Petroleum
Midwest
Mason
Valley
Oklahoma Bay
Atlas
du Font Fond
Hercules
NEW York Grain
Washington Post
Securities and Produce
Wall Street
New York City
NEW York Stock Market
Local Stock Exchange
Lanston Monotype
Aftarnal
Capital Action
Washington Railway and Electric Ptd
Local Produce Market
Mercantile Paper
Pia
New York State
Tashington
Maryland
West Virginia
Virginia
Newborg
Jnly
Stem Exchange
Recel
Brock
Galveston
Bavanni
Atlanta
Savannah
Charleston
Mdig
Houston
Memphis
St. Louis
Cincinnati
Little Rock
Dallas
Montgomery
Hounton
Augusta
Penny
Hanna Co
Deai
Peary
AIR League
Brownsville Raiders
Hushband
Potomac Electric Power Company General Improvement
Washington Railway and Electric Company
W.B. Hibbs & Company
Hibbs Building
Washington, D. C
Jorge W. White
P. Johnson Jacobsen J. Gales Moore
Chas.e. Bright
ALET
H. Bedford
Cash
Louis Hokloff
Agssat Cash
D. Hagner
16Th St
U. S. Treasury
Thomas L. Hume
Tel. M
Harned
National Savings & Trust Company
Corner 15Th and
N. Y. Ave
John L. Edwards & Co
New York Stock Exchange
Washington Stock Exchange
Union Savings Bank
Wade BH. Cooper
Yell No
Pawhuska
Farry Lefprovits
Broadway
Economic
Russia
A. B. Leach & Co
Flather
Moorhead & Elmore
Fifteenth St
U. S
Crane, Gilpin & Co
14Th St
Curtiss Aeroplane
Wright-Martin Aircraft
U. S. Steamship
and Submarine Corporation
W.w.easterday & Co., Inc
H St. N.W
Woodward
Celimma
Cemna
Beoh
Swartzell, Rheem & Hensey Co
Fifteenth Street
N. W
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