New-York tribune. [volume] (New York [N.Y.]) 1866-1924, February 18, 1916, Image 11

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New-York tribune. [volume], February 18, 1916, Page 11, Image 11
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 18 Feb. 1916. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1916-02-18/ed-1/seq-11/>

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TOPICS OF DAY
0 WALL STREET
Trader. ?Covering Shorts,
?ves ?Market .1 Briel
Spell of Activity.
URANIA DEBATE
Dearies the street
ir^gii?nrtyw,tll0erB,lu,yH*lta
Speculative Programm? C I
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BOND SALES ON THE STOCK EXCHANGE
HU R8DAY, I EBRUARY 17, -til
I'm.line, in bo? i <"> lha N<? Vori Btoch i ?< haaga rhsradaj aaaosated
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DAILY IMPORTS W!> EXPORTS
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CANADIAN WAR TAX
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PUBLIC UTILITY NOTES
General "*??????? .nul Earnings <?? \ .irions
Corpoi ill
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TRADE UP $100,000,000
WITH SOUTH AMERICA
City Hank dives ?otitl, l.xport
.nul Import, ?t |467,000,000.
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rica in th? r year
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COTTON BREAKS
UNDER LIQUIDATION
Heavj Near Moni h Pressure Hits
Market Later Rallies Olve
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MINERS IN DEADLOCK
VOTE A RECESS
Pennsylvania Operators Won't
Agree to Neu Wage scale.
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PRODUCE AND
GRAIN PRICES
Wheat Declines on De?
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?Corn Is lower.
GENERAL M .km I l;i PORT.
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Midvale Steel and Ordnance Co.
Twenty-Year 5% Convertible Sinking Fund Gold Bonds
Dated March 1, 1S16 Due ?March 1, 1936
Iiiti?r?-?f [?ayah'-? Mar- h I and S.-p'.-rnber 1
Authorized $50,000,000
To he isssred in an ?mniirt proportionate to the stock of tha
? ,iml r, i Steel Company acquirad
< onr-r-ihle prior to maturity into capital stock of the. Company at the rata of tan
?.luire? of stock (par value $80.00 for each $1.1)00 of honrls. If cnll-*d for ra
drmprion, honda are convert il?',* until within ?0 days of redeem pt ion date
Cumulative SI nie Ing Fund of $500,000 per annum to arrjuire hond?iaf not Vxieadtng 105**
I lie hrst payment to the sinking fund will be duo May 1, 1917
Kedhsaasablela p^r' at enr tune at 10*% mxl inter?*?! frr the ?in?: .?i- f-tn-l? or as a whole after
M Hl ?i i. 111), on any m?rra-vt tint'", aa SO ilay?,' ?lul'li?ihed notw?
Ap*filia Mtaori ?111 be made to I.st thr.se hoods .in 'h- New York .-?tork Fxchaeif-?
(iuararety Tr?uert Company of New York, Te-uatas?
V. i? hnvr recr.e-rd a letter fron Mr Willi-im F*. Corey, Pi-r?-ide-nt of the Mie?
-fsle Steel ,-erarf Ordnane-** ( ' om pan y, fated FcbftlSl*J 1''. 1919, a ropy of which will
hr t" trrtisii'-J on rrrjin-nt. Some*, ot' tli/- salient feature* of the letter ar- ????njuinriird
as follows
I be*M bondi -ire tfir d**r***t*t <..)|i{*-*Uon*i ire! the* only eil-rtinr*; faded
debt of tli?* '??'Ivrvle Steel rend Ordnance ( onipany.
The ureieritiirr will provide t?nt while .-my of these hond-r are orjt
?'-inc?ni-, thi* Midn-J?* Steel and Ordnsiiee Company wid not pledge or
pl.t'-?** .-my nii'i-t.-ag-* upon any of its property ,*xcr*pt pfUCMN
? ?Mtgsges.
'Ilr Ixrne?*: are lie hr BcXUlCeJ by .-ell ?he r-i**;.tal ?fork of th*- Carobri.
Strrl ( rjmpany ai*(j*!irr?] or to I??- -s?*'*'iir?"id by the Cetnpanj.
'I he re i?, to be an initi.-tl | if toes of the Csmbt e Steel Co?*>
p.-.ny, rastiag more then $25^000,000, which ??e to lv* acqoired with proes**sda
of the ?i'.<- .?t' Mideale Steel ami Ordaaaee Company itoek. Stech as
acrenirrd und pledged ci'irmt. ierre ns ? ' lib of an? issue of bonds and
will, therefore, it ?11 tintes represent an investment by 'he Company in
Csartbris Strrl Conpany stock of i ? than ' KJ in excess of the
proci-rei?. of any bonds r*-f*tstandii c
The Company on December 01, 1918, exclaaire of C?mbele, hail a
workir'-? capital of (18 . ?*????. ?rl lie the Cambria S( ' Company bal
anee iheet of December .TJ, 1915, ait-owed a work?n<r espitaJ of |l ?fiOi
Mr. Corey rstimat.-- that the ea**nins*a an?! Income of the Mids-ale
Steel and Onlnnnee i and ?ta i plicsble to the Used
charges upon these bonds, foi the rest ending December II, 1910, wfl
he over nine tfanea the in- rt t *--******iiremetit on the total snthoirtaed issue,
and ?Her si'icn f?mes the inte.-'-st and sin!.?i ; fond requirement.
All lcjml ?Mai's pe-rtalniree to this i^n^ wi'l be passed apon and the leiyalifr nf the laesjsj
erlll be red bj- Mes rs. Stetson, J nnio-ra 6? HaaaeU-, of Ne*e fork? far tha Hanker?, and
,,y Musai I Cbadbowne Utd Shi.res I i-any.
Subscriptions for bund'-, when, 89 ind If issued -.rid d?lit errd fo ti?-, win he
rider**igned .it 99 .... books will open o
- 18, 1916, and elose .1 p. m., Pebrnary SI, 1919, or earlier, at rnr
option. '?'.-? reserre the right to reject mbacriptiona in whole or in part.
We do not -roan re , reseated bereta, bul they are taken rr?.m
- ?bleb ere believe to b
G.aranty ?rost Company Lee. Hi?ginscn S Co. The National City Bank
of New Ycrk of New York
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Bank of England Return.
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Bank of Fran? ?* Return.
ROCK ISLAND ROAD
MAY GET $750,000
Receiver Asks Court to Ap*
prove Rticl Group Settle?
ment.
to i ?
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In full st'ttl<*m?-'i,t fOf olifn.-.
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STRONG MAKES STUDY
OF ALLIED FINANCE
Presidenl of federal Reserve
Bank Sees Banken Abroad.
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New-York tribune. [volume], February 18, 1916, Page 11, Image 11
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924