New-York tribune. [volume] (New York [N.Y.]) 1866-1924, June 21, 1917, Image 10

Search America's historic newspaper pages from 1777-1963 or use the U.S. Newspaper Directory to find information about American newspapers published between 1690-present. Chronicling America is sponsored jointly by the National Endowment for the Humanities external link and the Library of Congress. Learn more

{
                  title: 'New-York tribune. [volume] (New York [N.Y.]) 1866-1924, June 21, 1917, Page 10, Image 10',
                  download_links: [
                  {
                   link: 'https://www.loc.gov/rss/ndnp/ndnp.xml',
                   label: 'application/rss+xml',
                   meta: 'News about Chronicling America - RSS Feed',
                  },
                  
{
    link: '/lccn/sn83030214/1917-06-21/ed-1/seq-10.jp2',
    label: 'image/jp2',
    meta: '',
},
{
    link: '/lccn/sn83030214/1917-06-21/ed-1/seq-10.pdf',
    label: 'application/pdf',
    meta: '',
},
{
    link: '/lccn/sn83030214/1917-06-21/ed-1/seq-10/ocr.xml',
    label: 'application/xml',
    meta: '',
},
{
    link: '/lccn/sn83030214/1917-06-21/ed-1/seq-10/ocr.txt',
    label: 'text/plain',
    meta: '',
},

                  ]
                }

New-York tribune. [volume], June 21, 1917, Page 10, Image 10
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Image provided by: Library of Congress, Washington, DC

Image: of 14.

Page

All Pages

Issues

All Issues Text | PDF | JP2 (6.3 MB)

New-York tribune. [volume] (New York [N.Y.]), 21 June 1917. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1917-06-21/ed-1/seq-10/>

Newspaper Page Text

Wealth Markets and Commerce
MACKAY&CO.
Short Term
Investments
Circular on Requcat
The service of
cur orr
a!-,\j-, s available
14 Wall Stree!
New York
Investors Are
Kept Posted
rcgardinp the -eciiritier? they
purch?*.<c from us bv letters
sent them <it fr?quent in?
terval*. These letters give
information about all im?
portant and interesting de?
velopments. Ira th? way the
investor cn keep in close
touch With the progress of
the companies whose se?
curities he h'lds.
William P. Bonbricht & Co.
Nassau & Cedar Streets
New York
I.onrf-iii furl?
v.... ?ra i r a Mi IA Ce Beaba BM * < r?
State o? Tennessee
4)4% Benda due 1924-31
4>Y Bonds due 1920-29
Exempt from All Federal
Income Taxes
Legal Inveirment for Savings Banka
in New York State
LligibV to secure GoveraflBeal Deposita
in connettion v?,ih Liberty Loan and
Postal Sav.ngs Drponts. al lOO"?
ot market value not o\rr par.
Prices:
41 4l, to yield 4.20%
4-2?. to yield 4.25<"(
TRedmoml ado.
33 Pine St. - - New York
War Tax
Opportunities
Investment Itaraea
*
?
t nar I I the
?
?
Mt tu I
?
'
!' ?.
John Muir ? To.
V SrtOAU . IN >?*
Odd Lots
MBBBBSBI N v ?i, ? i, r >. ?*atr,aaJt
Main ?lltlif. Bl llr,,u<l? .?> \ ^
IM si A.
?
United States
Bonds
and other choice
Investment Securities
Ilarvcv Fisk ?tV Som
62 Cedar M. V-v?? N(,rk
L
Federal Sugar
Milliken Bros.
; Bought-Sold-Quoted
IC. C. Kerr & Co.
S 2 Wall M S V Ph?,ra f,T80 Kr?',,
Illllilllllllllll?l.
Hart? v s?,1.1. 11..,.,?,,.,, i (
NOBLE tM OORW.N
:*. Ilrniul a., N,?? \..rU u
American Brea -
Ommfmmi) Trmet"?fight " ?
f ihert\ Vat! I Hunk "Iflghi I
I?!?-;,!,.,!,- lill I- k
fBBBBIBBBIIBaillllM. B Bil
Finance - Economies
^SMMM
.TALL STRICT OFVICK: Telephone:
Hill? BalldlBir, IB Broad St. Hanover 6514
J
Wednesday, June
Tradii g on the Liverpool Cott?
? ded temporarily
I to take ?
t'urt h or speculation for
onriea after
. -, have advanc-ed to a
point where the cosl to manufactu
,.,-, me exorbitant, if no1
proh | in sighl in
the United Ki* gdom have beei
boughl up for future delivery many
r. \f nothing wi re doi
curl? further bu?
. ? ton ''"ii!?! pul
j figure they might
. iwing full well that i
ratively few of those who
made sales of cotton for ?Tub. ep
tember, or even October, will he in a
ii to fulfil the
making actual delivei es. I .
intry were con
d by a ?-mular situation a
- . Eli ?1 i-i order to I
stop to runaway market- estab
. maximum prices and lim
. g ?n future contrai I
'? : from Liv
thal the officials of
the Cotton Exchange over there will
adopl practically the same n
\\ hal action ihe domestic cot-1
ton exchanges may fii
el is ??it yel been determined. !
In thi I seem thal
. Mr. li?i"\rr said in regard to
eeping speculation within hoir,'
means of governmental control, or
threats of governm ' '
,*e to food supplies might apply
With equal force to the ?tapie from
which the great hulk of the clothing
worn by the people in ordinary walka
of life i- made.
news from Washington played
the leading part in shapintr the
of prices in the day's stock
market dealings. Apart from a few
industrials which were plainly domi
by special influer,ces or "pool"
operation.-, the trend of the general
list waa unmistakably downward,
with the more important issues in
which trading was heaviest showing
pet towel of R fraction to a point.
Wall ?Street frankly does not care for
the recommendation of the Federal
Trade Commission that the provem- I
ment take over and operate a?? a unit
the coal ar.fi transportation indus?
tries of the I nited States. Such a
rgui -. ?a kit a step in the
direction of governmental control of
all industries. In fact, much waa
heard during the day ah.mt the pos
sibility of the government not only
taking over the coal mines and the
tail way a of the country, but also tak?
ing over and operating the i
industry, the iron and steel indus?
try in fact, all of the hasic in?
nes of the I'm*?-. States. The
proposal of Secretary of th . Navy
Daniels that the Trade Comm
of production of
copper, iron and cement, as well a.-?
coal and oil, waa no1 of a nature to
improve Wall Street's frame of mind.
In banking circles much cn*.
r the failure of Secretary
of the Treasury McAdoo to redi |
with the local hanks the fund?- turned
1 in at the New York Federal Re
| ink in connection with the
initial payments cm the Liberty 1 an.
While it is known that the Treasury
irtmenl announced I |
thal such rede:- lid ii"
made aa Boon aftef July 2 aa prac
le, the fact remain thal the
ituation m the local money
market would he much relieved were
the Secntary of the Treasury to an
?
turn ?: local hanks
-.-. Heavy payments lave
already been made on account of the
Liberty Loan, but heavier onea arc
?head, witl ' 000 due toward
the lasl of tiic month, in
. ?l dividend di ibursenM nts
of upward of The
amount which is tied up in 'he local
. Hank probably .*?
d? ubi the
heal money market ted to a
ctent than is indicated by
this figun kely that interior
hanks in other districts, winch have
milarly, are draa . :
? rk temporar il;.'. If is re
? ia] circles thal the
. ? . coi templat
?0,000 of ear
ebtedm i
it will only serve to aggl
. ?on now eonfroi I ing this
et.
Money and Credit
. ?. rare fin
iel to
'
. ? ?II loan? held al '? !"
?
.irket I
kera' lock Esi hang?
?
. ?
i ?i ', pei ? . Bl for all
?-.ties, while mixed loans were 5
fe per e< ..*
l?ulintr rates on money yesterday,
I vcar ago, were as foi
Yesterday. Faarajgo.
fall money.... 6% V 2??
1 ,n-o money mixed collateral :
l&Syt% 3' 2?33ie,
? . d . 5-?. 51 2% T2'a334%
4 months.... ISSV/m'A 3'2tv3-V?
6 to f. moa... 5??5'-2<*" 3| 2&3V<>
< ommerrial Paper. Rates were un
changed yeaterday al 1% to J1?- per
? t for the ?blBl regular maturities.
Officiil rate! of discount of each of
.r '?. ral districts are as fol
,-Da\ I
Over Over 0 ??
15or IB up SO up 60 up
?Leai to SO I
. 31 2 4 4 4
fork. 3 4 4 4
I? Iphifl. 3'2 4 4 4
. ! .31 ? 4 4' 2 4\
load. 4 4 4 4
. 4 4 4 4
.-. 31 i 4 4 41 2
? I ,:?. 3!2 4 4 4
. ipolia. 4 4 4 4' 2
' it; . 4 4i 2 4'2 We\
. 3' 2 ?? 4 4'?
? ' ? . ci co. 3' 2 4 4' 2 ?Ha
Rank Clearings. Tha day'l rlcarinps
'. m York and other cities;
Exchanges. Balaneea.
New York .$613.633.947 $44.665.727
. 43,803.462 8.925.465
..?.?. 58.167.922 10.770.127
21.078.236 4.375,752
Sub - Treasury. New York banks
. "i Sub-Treasury 14,617,.
? ivi-r. Ban m ?Landon, W*Ji pane?;
Kew 1 ork, 77:- ?rente; Mea CBB ?a
Gold Currents. Another ? 11 .onr?,oo.->
..'inr-rit of poid arrived here from
( anada and wai deposited at the Fed?
eral Reserve Hank to the account of
.1 I' M irgan & Co. This brink's the
. >. this week to $41,'"
and ?ince f ' thl year to $426,
One-Dav l>i?rnui,t Kate Advanced.
The New York Federal Riaerva Bank
need vi-terday that th? working
OB one-day discounts had been j
? I per cent, the latta I
regular fifteen-day rate on
r ? orj not? ; When the one-day]
tabliahed in connection
with the preaent ?government financing
the aeeomiriodat ion wa.? fixed at not leal
than J per cent nor more than 4 per
enl it the d i rotten ?.f tha officers of
th? bank. Such advance? an -?cured
gibll paper or United States G?V?
ernment obligations.
Clearing Balancea al Reserve Rank.
Bank I :' I ommereo in
New York has joined the list of bank?
have authorized the New York
Vi ral R? erv? Hank to sett;?' the r
the I tearing Houae.
I ..riihin Monc*. Market Active, f.on
M . : ? ;, B a I : B -troni;
The discount mink' I
froi ) . 1 ?y
. . . ; lower treasury
ind f??r
bend ?Vn redit ?.!'
-, i I?? en errangt d te pt-?'
.'? r the ?payment of Italian
' 1(34*4 per rent. '.
Rank ?if Germany. Berlin, via Lon?
Th? statement of th<
Imp? rial Bank of Germany
J .i IS shows the following changes
Total e? n and bullion..Inc 8.696.000
.Inc. 33.000
. . ?ne 44.333,000
? ithei Lank?. . Inc 302.000
I discounted.Inc 224,038,000
.Inc. 420.000
.Inc 940.000
. Inc. 47,412,000
circulation_Pee. 31.100,000
I .Inc 306.692.000
Inc. 50.549.000
The Dollar in Foreijrn Exchange
Pi -,. .. exchange rat? ; moved n? it
market terday.
.. ,idy on the fresh
of gold, but francs devel? . ?
? ? . on I?eh* dealings,
selling off al ."?"7-, Italian lire under?
recovery from the re?
Bctioi . receding ??,?y Ru
? l'i ' DI 29 ?' 0 tu L'.'! '?."i rents
on a ghi nci in the deaaand.
Cloaing t I ? terday, compared
an ?given in the table
american bankers have BOB?
; ;.'l dealing! in Orman and
\ ?. ii gi . .? that daily quo
either mark? nr kronen are
.?ble.
Week
Yesterday "KO.
l}ur,t?H dollar? to the pound.!
?j, d? mand $4.75",g $4.75 ?
4.72 4.7134
4.76'- 4.70 a
?? 70 4.6934
iljuotrrl unit? In the dollar.)
. 5.7714 5.745H
! 5.76i4 5.73r>8
. 7.28 7.061 -,
Lire, cabl? . 7.27 7.0512
. 4.93 5.00
cabial. 4.91 4.99
?Ihiotid rents to ihr unit.)
41 4 41'4
41 41 ..
0.23 25 0.51 2
. kr. chita 30.00 30.00
28.30 28.60
23.25 23.50
i. the current cachan?**?
ij I reign money in dollars an?i
I - . ??. th th<* intr nail gold
calculated by the I nited
tat? Mint:
C'u, rent
exchange Intr n^ic
valu?1 \ n Be
Hourn: tarling $4.75-- $4.86*^
0.17 2 0.19 3
. 0.41'4 0.4O 2
. 028 75 0.26 8
I -? , ?herks. 0.14 1 0.19 3
Deamari 0 28 75 0.26 8
0.30 00 0.26 3
The above rates express the cost of
foreign monos ia t.?-rns r,f the Ameri
'?i ITOB buy nu English ?"?und
. ?.* at. say. I4.7SA. The intrinsic
r i I '. i . i pound Ti us, ><!..
. ' ? : th ?' Doondi ure at a dis
'hnr dollars are at a pre
m.urn. wh eh is owing to the fact 'ii.it
1 n g1 and the demand for dollars
i eh to settle accounts in this
ter ti a.i the demand in
II ?Is a 'h which te
aettl?: accounts in Kngland. j
Smash in Cotton
Follows Closing of
Liverpool Market
British Government Takes
Sudden Action to Pro?
tect Spinners
Trad'nc on the Liverpool Cottee Ea*
chant*?- was stopprii suddenly reatar
day by the Bl I luthorities, who
acted to protect English ?pinner? from !
be-na further ?iel -away:
market, pr
chance have been advanced in s
sensational manner In the
daj s.
The explanation for the behavior of
the market
tal and
Eng for the small
of An? reliable m
the United Kingdoi Buyers ?rere said
to have accumulated contract? repre?
senting the i verp? ?.' I iel of coffin
manv tim?- over in thi I I . make
of their pinning
Competitive Baying Halted
i; - situai i, g t-i i ". ? rpool
t the Brit -
i ?fa governmi ni decided to put a top
tu thi
the market, for ful ling both In
American and Egypt until
comi? o bee? "?.n i ttled
between officials
of the Cotton El ? ?1 the Brit- :
i^h Board of Trade it ?ra? deemed
to close the market entire!; I ,
- intimated I I ?finite ]
. - . . .uld be a oi ked out j
within a few days. Meantime ti
? itures for the purpo te
tion only will be : Up to the
next Frids I of price i
ling at ti!- ' : lay.
The local . ? . following
:he lead '"I erp?
tracting a gre?! deal of ntl
cause of< to the hich
? ?
the nev '.-, . i
?broad M ton jumped .
conclusion thal if the Li?
chsiiRe should !". do ed pi
{.reath ?uri ed, and, furthermore,
that son ' '
the dom? tie markets i t be reg
i ?I I - i..?ry.
Offir ga n
fuaed |
-tip i an ? iken to curb ' i
but th
. i
Heat v i ?nal gelling
Activ ?nil excited ?<'llintr took pla??
in the local market when ti?
the Liverpool exchani
October cont IO, mak?
ing a declin? ? I ; 13 p I ron I'm
day'? closii g fig poinl
or Ti i a bale, from r - - h ree
ords, Whei I ? ntracl
turbed by the news from Liverpool had
?'???-.. t ("??! th'-re M ii i?
reeoi ery I
during I n. with t leto
; rith ti
eral li- g at a
?
Up to ti -here
day moi nil I sueb
. ? on I
howevei. an I ti me? m< nt an*
settled enl nient.
Trail- ra hi sev?
eral ii
?
this largely to 1
port?t;??';. The b Id in usually ,
well inform? d cir? Bril
ficienl
ton in 1 . . their
- '
e to move ii ni rapid
ty. For ti
had felt it illot
.
excited Sdvs I, lui' thor.
?'.oubt as to ju t how f.u recent buying
I sd l-l ? ? . on ef
still higher prie? - in the El .
kel
There were i o sali of
reported then ithen
markets wen- quiet and generally
lower. Clo
exchange, with comparisons,
V 'day'? I .? . , Yent
25.80 25.95 13.05
Contract i
July. 25.54 26.36 12.97
Oetober.. 25.43 26.13 13.12
December. 25.54 26.25 13.28
January. 25.59 26.28 i;.3G
March. 25.79 26.45 13.52
Mackay Faction Out
Of Federal Sugar
Claus Spreckels Ends Fight
on Management by Pur?
chasing Stock
The factional I | Urea
tora o: the Federal 8 Igai ??'?.
Company wa? eided yesterday through
the purchase by I'lau? Sprocket?, |
- of the holding- of I . ce H
Mackay, head of the Mackay I ?as
paniee, and William w*. Cook, nnother
director. Announcement of the
was mad" b> ? D Barney ft Co.,
for Mr. M
II r. ? ? -
The price at v.hich the M l aoh
holding- were bought wa? $?0 s
Mr, Mackay owned abo?* ?6,000 share?
and Mr. < ook 1"
. . in the i ig
their proxii to this group to be
. annual meeting, which waa ad
lourned on Monday until June '3?. are
offered the same price for their
by the management This Inform
revealed la a letter issued by Mr.
Mackay to bereholders announcing ?he
at which hi? holdings hud been
taken over.
?'.ement cf ti e differences be
By and Mr. I
. ???. Spn ekels and other diree
,,? the Federal Sugai
< ompany cleared up the mystery sur?
i-, unding the adjournment
mia! meeting Both I gement
limed that
?hey '
to elert their ti?
. r they represented more than a mv
jority of the 100,000 hares ontstai '?
i tig
It developed, howe- er, that
? -
it eil ' '
retire i
if their holding i
"I em ieady to either b r sell,
VI ?c1 '. d to have mid. MWe
will buy," wea 1 reply of the man
.
'
News Digest
Foreign
London Mocka i/uief. London, June
.'H On the Stock Ei change i| . eu
... re neglect
?
?
Pai . ; . Pi
lay, Thn
. i-ontimes for
<-a-h. KM-hang'' on London
. hie per rent loan, &*?
12 ci ntim? -
New York
Sea fork's Poreiga Trade. A d?
crease of $7 766,861 in the export i fr?'m
.ho I'ort of New York for tin- moi
May last, as compared with May, 1916,
and an ?aerease of $3,746,841 in im
w n- diseloeed ma?i?'
publie ye?te i ? I I Cn itom I
The total export i for I were
;?'. :, - eomj r i ? th i-">:>.
Th" Import
$118.860,759, aa against $11 '?
May, 1916.
I ?i ort-, of gold increased from $4?
877 in May, 1916, t . ; HI la I
month, while imports decrees? 1 from
$1,598,288 m May, 191
loties collected la?! mon*', .
gated $18,823,304, while they were only
.?,167 foi the month last year.
The increase waa almost entirel; on
a -til ii 1.1'.? el i from a ?reh? ?
i ultim Bxckaage N??t to Vote ?>i> B?t?
anla) Cloelag. rh? mai ig? i
*. orb ? otton I eh inga decided
yesterday, in response to s recei I |
tion, thai li would be inadvisable to
grant lest for a ballot on the
proposition te eloee the exchange on
Saturdays beginning Jui a 23
National Railways of Mexleo.-At B
-, ?.?.-.[ meeting directoi the Na
tional Baila BJ -. of lies ice
Fernando Gonsalea Koa to perron
??I :'??:,.! si COB -'iiiii gov ern -
ment representative ??*' the company.
Other Cities
Sale of f.. II. & 1). Anthori/?-?!.
f olumbn -, < 'hi", .lune 2 Sa!?- I
Baltimore i "'mo Railroad snd re i
stion of the Cineinnati, Haiti
,*. Dayton Railroad, witl a capita
- -, 1,000,000, were authorized to-day
by the Stat.- Public Utilities Commis?
sion.
Significant Relations
\~w
Money and Prices: H_
Stock of m.m.v paid bj the country.. $3,088.711.272 $2.331,49."s34
M? . yr\ ? "-?
Ixian? of all national hanks . $8,751,000,000 $7.606.000.000
Total reeerve (L ? . raak in national
hank vaults arvl in ?Upoait with
Peateral Beainra hooka). 1.525.000.000 1.205.OO0.COO
Ratio of this total reserve lo gro-s
deposit liabilities Of national hank?. 11.7% 10.8?,
'?-.?'? A ? ,. MS
Piscount* of Federal KCMTVC banka $367.349,000 $85.373,000
Their liabililv for notes, net. 43.024.000 8,003.000
Their ?told reserve against deposits
and circulation . 55.9% 70.8%
T'-'?..*'i The tia > .* sa a i-a- ?a??
\veraee price of 15 railroad slock? .. 109.65 109.91 120.23
Average price of 12 industrial sto? ks 97.45 97.56 91.76
Fared cost of living (Annalist index i aa? ?...i ?n - ?~ Mats A,..-a*
number I . 279.944 276 502 165.830
Production: M, , '
Infilled ?. 8. ?Wawi order?, tons. 11.886.59' 12.183.083 9.937.793
Ml A;- A ,. M
rig iron (daily average!, tons. 110238 111,165 107,053
Ma ? v . .
Active cotton spindles. 33.459,160 33.259.859 32,209.374
I" ?. I I'ri-'i .. aai .'- -,
Wheat crop, hushels . 639,886.000 1.012.000 COO
( ..rn .rot), bushels . 2.593.241.000 3,055.000,000
( otton crop, bales (etc. linters). 11.356,944 11.068.173
Distribution:
N>t shortage of freight car? . 105.127 148.627
Net ?surplus of fnight ears . 33,361
. r cr-?." M ?1'-f?a?? faass lut i??r
r I-.' '??"?k VI "1 r.f
April ,
...al.? I .:. ?'?.-,..
(?rosa railroad earnings . -18.1"-, . 132% 97",
I --?a?" T ISCfBBBS nraas 'a?? foot
I.:?-* aresB Ttaa waaaj hafor? rear to ?lata
Hank clearings . -21.0% * 272% 232?.
'! \ yeer ace
("mmrrrial failures . 1296 1.069 1,482
New York City
Borrowing Will
Test Market
$55,000,000 Offering of
4 1-2 Per Cent Securities
Announced for July 12
Announcement was made yeetarday
a* ?he office of the ? ?'.;. ? ontroller
of the completion of plans for thi
i of Nea York
' ?es. cor listiag of |4'
of I1.? per cent gold corporate
- payable July ! ?r*'>7. and .*"."
per cent StOck, maturing ?enal
from July 1. 1918, to July 1. 1931
? --. time the city has en
i 'he bond market since the spring
* vear. when an issue of 4'4- ira
st =t lubataatlal premium.
Ile fifty-year bonds are to be issued
? to redeem note^ sold to defray the eoel
. producing P'ih!,?- works, such
las subway construction, docks, water
.on, etc The income from
, such public wort : to pay in
-* and sinking fund charges on the
i" ad issue. The fifteen-year ?ena!
bords are to r"dem notes leaned to pay
: for non-income producing improve?
ments.
In Wall Street circles much [ntl r '
was arouaed by the nea that th? rinan
.?-.fermined
' ,0 mt -of the general bond
irticularly st this time, ?hen
rates are the h.gho?t in month?
and investmei t .' been larg?
I i y the United tal gov
. ; ., ->. Loai
F'?inds Soil on Curb
The ? t rate I \e,| on the lin?
ly ? -T? ring la a full l PT
? ' -lbove the r;ite on the Liberty
. .." bond men
i ' nai -.. I l that
?' ? rou 'I br ng b tt< r than
102. Others were not so sanguine. The
nev boni! ; were trad Broad
. ' . y on a "w>
around i"i '?.> and
I?*:*.
The ring of
. ty I
Ben au
? ' i per cent tif I ' d $1 ",
Kuhn,
V. ' ,' V i. :?d took
the bulk of ti ; . witl
ft
? . of 101.40,
Man> <'itit?. Pare Badi)
The outcome of I Ii
rail int
... the Unit tea g
eram? - * . I
intrj have
.
or two
all, and
com
to ra the i are I to
la figur? thal would attract investors.
i It ' - i ? '
t rat
'?? . I ty loan ga w?
| th?? conditl itment
. boi are now at the
. mont
fourth tim,- m
New York
Relevant Facts
Cn id? Mail Begins Coaaaaoa nhi?
ll, nd?. Director of ( i Pacific Mail
. --'.are?!
a dividend of ."'l| eenta a share on the
eommor. ^fork. t 16 to ;tock
of record July 2. The official * it*
ment ?aid: "Thi? dividend is paid upon ?
'-. of the company, ami
it will result m a ?a of earn
. , tockholdera numbering about
nine hundred, some of whom have h>'!d
their ? the early 'lays of the
eompany'a activities, winch bergan in
l-l- Al*hough the company had been
a great earner in ita early years, both ;
on the Panama r?>ute and in the China
trade, for the last twenty-five yeal
?rere practically Beg
.. until it waa taken over by th?'
?present management I mary, 1916.
The nea management bave striven to!
. . ive Amen
ti amship lin>-. and th?
: . Hag upon
i Oc? an."
Interhorough Rapid Transit. Gross
.. - :\jr ti S month of
Muy were - ,611 196, an increaee of
ling period
of 1916. taxe?
ime 1 $1.71*2,1 aving
"coi , .' ' ig -
- i 11360 362 by
other mc.?me Ti i Ms irplua after
; charge? wa? : -16, ?82, ? ?i- ere? ?
- 6,9 ' The Int irboi ough ?
67, svi. i .?'?' .--....
18,4 r ago
-
( urn Products Reining. < '?>:.current
with th?? sharp riae 'he common
.
wen? r ctors were con
lidi ri . . ?? on a divi
lt wa tated y? iterday
?re r.o pn- ? divi
i.-nd on the common in the near tut?
uri v"' action i'aii be taken until a
: nal decision in the -ii laol it
erred Judge Hani virtually en
: the company from making any
on th ? Jan!? r ?1 ares, al?
though preferred dividends atai be de?
paid off ii
director? deem such -able.
.:T on the preferred amounts
te '. 1-16 per
\ir l't??lui turn. Directors of
? v vest? rd i an initial
quarter!) dividend of $1 a ihare, plae*
. rwl be lis
There ure 120,000 larei Of r.o par
itstanding Thia i ampaaj waa
organised a little over a vear ago by
Perej Rockefeller and other Wal!
strc.-t inter? it?, and ei *> red thi
as a competitor of the Linde Air Pro<i- ;
iieti I impany, which ia controlled by
the Union Carbide ? empanj Negotia?
i.ow under wav whic
result m the ??ale of the Ar Reduction
Company'? oxygen buaineea te the ear
bide eoneern ?hi? wil| leave the com?
pany free ta develop ,- n tragan busi
No\a Scotia Steel. In connection
with the declaration of a dividend of
_"; pi"" Cent by ?ho director? of the
company, it was announced that upon
? empletion of a contemplated increase
in capital a STOCK dividend af J?) per j
cent ?rill be o,?tribute?!, payable No?
vember SO Directors have decided to!
i ?sue 16,.1,000 common ?took at par.
The rigti* will be given t?) all share?
holder? of record June 31 to ?ubscribe
pro rata. This issue has been under
to Sound Investing
The Question of "Inflation"
Financial circles aro full of half
baked opinion! regarding so-called
"inflation." The subject is of pri?
mar*,- interest to all investors and
bankers, and we have just issued for
our clients a careful analysis of the
entire subject A few extra copte
are available.
Ask for Circular No. 170 A.
MOODY'S INVESTORS SERVICE
JOHN MOODY, President
3 Nassau Street,NewYork
\JL
/
er] tten by a rmtttieata heaaJe?! by Ha)
den. Stone A (Ja.
Atlantic Steel. T ha-?
? r rent
on the corni toe iddll n to the
regu! II
ire ?payable
.July 2. Rook.? close on ?lui
Cities ServiceCoaapaay. Groaa earn
'tips for rta) wer? $1 " ; 125, compared
a ita. |7I 9,085 1 ?riding
month of 191*3 . ? B?lable
, for ???.v.d?*- 11.536,8 an in?
ereaae of $>*':.?.?
Pullman (ompanx. II waa
r!v , di : | .' ?
ami eloaing i po al -r at 188 With
rho exception of the panic prie
made in 1907, .'.?
..?ck h-i? sol.; ? ? - I ?'.??.
m th? - -.:?.:.'.] to 1,750 shares.
I 'ir1'?.;:1 ? -,,.- net of ti
... / .
investors that the p ai - to in?
....
effect on the company's earl
IJections
Organisation of the National \*
? . i th the el? ctlon of ti
? Ulcera a
H. Nichola, ird; ?!
F Schoi ilkopf, pr?s lenl
? - : . * ; I I-, S ' ? i,
? P
?
im 'l*. Miller, lecrel
en ; J. f
Mug pf, ali
. I
..H1 Works, Inc W
r, jr., < harlea ?J. Thurnau?
of the W Beckers Anilina a ' bei
I ?I Work;. I ric* . ' i and
TI ni Bau? r are alao of I
Eugene Meyer, Jr., i Co.; 1 F
. '
William H. Mid
?.
.. I M Go? *. -m
. ompany and B? nrfll Pr? du? I ? Com
?T, M. Rianhard, W. !
Barr t Compai
Company; H H S Hand;, E. 1 :
-y Company and I
'? Products < ompany.
Three neal
, I? eted by the direct?
I.
1 M l? Shu*??, e/ho
the company; H T iii r,
: ?eaid? ni of .
?hin?- Company, noa
purent company, and Wait? r I
has been rice-pi I of the We
Lamp i ? pany. H. ?P. Bael
Mr Bh ita as trea in
listant secretary.
Ptank M. Croel ?. '. be? . ?eeted
president of th?* No
(?.;, *., -.;,-, ied ' lonel N
Cantley, who her,,.' ? of the
Mr I rock ird i s ? b4 i
president and ' to the presi?
dent of the Tenneaaee ? aal, Iron &
Railroad t ompany.
Dividends
l.ehigh *j alley Railroad
dit m. nds of _ |. per .?
and eon
- : .. IBS
Oafalead Aut?iraniir Machias < ompany.
Ra.- ilsr tari ? i er ?aw *
? n ti s in err? I . ? e July 2 to
?-lock of recurd Jur..
Otis Klcmtor Company Recular ?
. ii\ i?i<-n?!?< of '? per cent oi
an li'. p??r < ?'fit on the eon
hie Jui> li to stock of ra ? rd Ju
He io I nu Company. Regular ., .a-'?
. . ii
1 i?> .al !<. A?;; . I to si
New Idri.-a Quicksilver Mininir < ?myara
Regu sr quai ?
payable June .!?. to itack of reo rd Juna
Manning. Mansell & Moor*, ft.?ular
iiuarterir dis idan I per e? B1
s u' record on ?ame day
Nasa* York Mutual ?.a.? Light (ompany.
Raff liar "'I..IU.T io] ?i; :!,..;?'. f patt font,
l?a>abl.? July II to ?j,to,-i( of record J iit.
Brooklyn Trust I ompany. Regular ?)uar
. ka I of I ;?.* ? ? payabas July J
.. , : ra Bed ?' II
KqjitaMt Trust ('ompany.
. ! ? . per cent, |.. ? e J . .
mt rec rd Juaa
Titi* ?i.uarantee & Truat Company. Rehi?
lar quarterly di?M?rnd of 6 pi
Juna) M to atoeh of record
Detroit Kduon. d.\i
. , - .'? '..;,......
: ? ?
\uaa Scotts Steel \ ? M1 ? ?.mpany.
R si ... . ? . . eeat on
I stock, pays to st
Of r> .?. ! .' IDS
Michigan Ugfcl ? ompana.
terly di?, ?lend of 1:. per COBt OB '.
ferrad atock. i?a>ai>!.- Jul
?
Air.erican '?a? ( ompany. Regular ouar
tari) divieoad of . per cent, . ,
timbei ' to atock eal record \ .. . I
Poad ?reek Coal. Directora haw
an initial quarterl? divide
?.hare, payable Jul> S to Bl
Mohawk Mining ? ompany. RsBjalei
annua. I let | of | ?a I are i .-..al le \
?grast 1 t" atock of H
l?l?nd ( r??ek ?oat ( ompana \ dividend
Bf_l OB ?tar. . a- "red BO ti.*
n ?tuck and the usual ,,uari>rly pr*
. IWiatsad "f 5! ?.". both doclared
the n?-,umulatrd ? ?nipan a of
?Marri I. lill, ?sa I i ayal ... Ju
of ra-cor?! June
Atlantic National Bank. Setal annual div.
M*nd of .1 per cent, payabts July 1 to atock
of record June ..'?
Banker? Trail t ompany. tagala! quar
tari] ?lia iden.l o' |S,
Weatinghouae Kertne \ M?nufacturinr
Compan). Regula- quarter li , lands ,,f
i \ per seal an tne preferrsd tad common I
atocka Prefssied is paraM* July II to?
atoak of r?*cord June 3'1 loaiiwii i? payable I
July 31 to atock of record June JO.
Fractional Lol Servid
Order? executed in anv anount of Storj,
' and Bond? for rash.
We carry IO. 20 or in dteea loft of u*
i ?oned. ?afe ?to. It?, dealt m on ?nv of 4 ?
Ex.'hangej, on rruic n. ,
Cn the Comolidal?*d El hange ?TI J !
rider?, ri-ports and ?pi tv., n are IrinHaiea?'
H, affording in?tantarieouj ?ervKt
Cert'fied ?ero-leal?' ?ta'-ment of em
, of our book? published ojuerttdy.
Wilson & Chardon
? * *? t
52 Broadway, New York
Telephone limad UM
New AmsterdamGas Co.5s/48
North Hudson Co, Ry. 5s, '28
National Carbon Co, Slock
Pere Marquette Ry, Scrip
Wm. Carnegie Ewen
100 Broadway. If
Tel. Rector 38?Q
Beil Telephone of Cana?
5s 1925
Canadian North? Railww
5s 1917
Canadian Government
5s 1937
Russian Gov't Bonds
Bought Sold Quoted
GEO REITH &C0,
IO rVALL ST, N. Y. Thone Joh? VM
Bonds for investment
Harris. Forbes & Co.
pin* Meaee, Caeaee \\ lilian?
NEW YORK
W. C. Langley & Co.
Investments
115 Broadway, N?*w York City
High Grade Investment
Securities
Knauifj Nacijo? & Kufjitf
E luitaMe Bu ii i \ I ?Yon
Conservative Investment!
Send for Current Otferinii
Liggett ? Drexd
i
61 Broadway-N.?w York
nr, i>.-?",i?hir.? -i . M ni.? Peak Bi<*
Baaaat? ? R M
'? II IKI IK?.I? I"?--! "^^^
Union Trust Go, of New York
80 Broadway
l< A ?? I i ' - I I '"'
in???? ini?*r??r ?n OapmrnP
Acts as Executo*-. Guaijian. TrLS'ei. ?..*
\ Mod?-m Tra* Companv S^j"
Metropolitan Trust to.
of the Ctr of New Y?H
' Zamtpa ( Vaa Taft \>rj*-**
* to WAU. rmxrr
Agricultural Slocks
Their Futur?
1? ?in arllrlr i?pp?-?rln? In Ihi? ?"Tja
i?Mia sr",i ia? r"r ila ?aaaajr, ?ju
.uni ?n?*? lal .iil.Mri|?(i,.M ?4W? i" ma
HNANCIAL\M.
r-.iMl.atlrtn <'W-a, t' B'?**.*. ?.Ji-j?-at??,

New-York tribune. [volume], June 21, 1917, Page 10, Image 10
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Connect with the Library

Find Us On

Subscribe & Comment

Download & Play

Questions

New-York tribune. [volume], June 21, 1917, Page 10, Image 10 About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Connect with the Library

Find Us On

Subscribe & Comment

Download & Play

Questions

New-York tribune. [volume], June 21, 1917, Page 10, Image 10
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924