South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-01-12
Overheard In Wall Street

no consideration is being given
to a proposal to float the NTH Lii
berty loan through the banks in
stead OF by popular subscription,
Sec'y Glass said yesterday. Plans
are being made for floating the loan
as in the other campaigns, out the
exact date for starting the cam
paign mas not been determined.
Loans made to railroads by the
war finance corporation TO date reach
$35.O5O,O0O, said an announcement
by the corporation. Advances were
made only to six roads. The lar
eest single loan was $11,5OO.00O, to
the Chicago, Milwaukee and st.
Paul The next largest is ss.700.
600. to the Rock Island. other
loans were: Baltimore and Ohio, s..
10000: Southern. 100000; Nil
nois Central, S1,5OO,000; Central Of
Georgia. 100000.
James A Stillman has been elect
Cd chairman Of the board of the
National City Co, of New York.
He succeeds samuel McRoberts,
who left the company to enter the
army. Mr.. Stillman is a son Of the
late James Stillman. VINO was chair
man Of the board of the National
City bank for many years.
A few shares OF the Second
avenue railroad sold at auction yes
terday for 40 cents a share. At one
lime this stock paid nine per cent
in dividends. BY a process of Ii
imitation of earnings the road has
teen reduced TO sorry state OF
credit.
The United Cigar stores Co. in
a statement, says: Available sup
ply Of leaf tobacco from which all
grades OF cigars are made is de-
pletec the world over, and we Vi
sion - immediate reduction either
in the cost of raw material or in
other items of manufacture
For the year ending Dec. 81, 1918,
secretary of state, collected S1,169,
720.5S in forengn and domestic cor
pOration fees, an increase of s592,
1857 over 1917. Practically all
of the increase. 1t was pointed out.
came from foreign corporations, re-
sulting from tine operation OF a new
law
Private dispatches from Baltimore
say that Cosden & Co.'S earnings
FOR 1918, after bond interest and
normal depreciation and taxes. but
before excess profits taxes had been
allowed for, were in excess of so,
300. 900. 1t was figured that the ex-
cess profits tax would not exceed
800, 600 Net income for the year
ended Dec. 81. 1917, after all ex-
penses, taxes, and other charges,
amounted to s3,645,TS3.
The Alabama Great Southern has
declared a dividend Of per cent
each on the preferred and common
! stocks. The preferred dividend is
payable Feb. 81 10 stockholders Of
record Jan. q. and the common
Jan. 81 TO stockholders Of record
Jan. 20. The previous declaration
was a per cent on both classes Of
stock on June Ia Of last year.
The stock exchange has admitted
10 the list the following: Oklahoma
Product and Refining company
s10000,000 capital stock, 100000
shares with par value Of So, and
StrOmberg Carbureter Company Of
America temporary certificates for
| 90. 900 shares capital stock without
nominal or par value
Apart from the selling in steel
/ common on the general outlook
Bethlehem p stock was also under
some pressure There is a persist
ent report that the present dividend
OF 10 percent will be cut 20 9. Mean
while il is declared that G. NJ.
Schwab went 20 London TO book
large orders for the corporation.
There is no definite knowledge on
either poist
oklahoma Producing and Rein
! inS was listed on the New York
stock exchange and resulted in
I heavy trading. A single lot OF a.
600 shares Wa recorded in one
J transaction. While the price Was