Closing exchanges prevent panic amid European crisis
Clarence W. Barron asserts that stock exchanges closing pending European crisis avert financial panic in the United States. He warns war would strain capital, raise prices, and that German banking strength and Reichs Bank planning would shape a broader global economic response.
MENTIONED IN THIS ARTICLE
Clarence W. Barron
Boston News Bureau
Boston
The
Post
United States
Dividends Declared By Multiple Companies This Quarter
American Graphophone Company pays 13-4 percent preferred dividend on record August 1 and payable August 15. Blackstone Valley Gas and Electric Company declares 2 dollar quarterly on common payable September 1 to August 15 record. Franklin Savings Bank offers 2 percent semi annual payable August 1. General Asphalt Company declares 11-4 percent preferred payable September 1 to August 15 record. General Chemical Company declares 11-2 percent on common payable August 20. The Standard Silver and Metal Lead Mining Company pays 7 12 percent monthly on record July 321 and payable August 10. Books will not close.
MENTIONED IN THIS ARTICLE
American Graphophone Company
Blackstone Valley Gas and Electric Company
Franklin Savings Bank
General Asphalt Company
General Chemical Company
The
Standard Silver and Metal Lead Mining Company
Tampa Electric declares quarterly dividend No 39
Tampa Electric Company of Tampa Florida announces a quarterly dividend of 2.50 per share on its capital stock payable August 46 1914 to stockholders of record at the close of business August 3 1914. Stone Webster transfer agents.
MENTIONED IN THIS ARTICLE
Tampa Electric Company
Stone & Webster
Warburg to Appear Before Senate Banking Panel
Paul M Warburg of New York informed the White House he will appear tomorrow before the Senate banking committee, out of deference to the President's wishes.
MENTIONED IN THIS ARTICLE
Washington
Paul M Warburg
New York
White House
Senate Banking Committee
Warburg Agrees to Testify on Federal Reserve Nomination
President nominated Mr Warburg to the Federal Reserve Board amid Senate opposition. Thomas TD Jones faced adverse reports over ties to the International Harvester Company, leading to withdrawal. Warburg initially refused to testify, then agreed to appear before the banking committee after renewed pressure.
MENTIONED IN THIS ARTICLE
Warburg
Federal Reserve Board
Senate Banking Committee
Thomas TD. Jones
Chicago
Mr. Warburg
Mr. Jones
Jones
International Harvester Company
Warbure
Dealers Suspend Outside Securities Trading In City
A group of 14 dealers and exchange reps met at George S. Ware’s office on Friday July 31 to vote on suspending dealings in outside securities and halting quotations. The resolution calls for no quotes for publication and seeks cooperation from the Street to aid the situation.
MENTIONED IN THIS ARTICLE
George L. Ware
Stock Exchange
George S. Ware
Breaks Leg in Dorchester Station Slipping Incident
Thomas P. White, 51, of 16 Johnson terrace Dorchester, slipped on a lighting from a train at Dorchester station last night and broke his left leg. He was taken to City Hospital for treatment.
MENTIONED IN THIS ARTICLE
Thomas P. White
Johnson Terrace
Dorchester
European war turbulence hits American markets this week
Bradstreet's notes that European war tensions disrupt American markets including grain cotton and coffee while delaying stock exchange activity. Trade shows mixed signals with dry goods moving faster in the west, steel improving in July, copper suffering, and overall business failures higher than 1913 in both the United States and Canada.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
Europe
United States
Canada
Cotton Exchange Suspends Firms After Major Downturn
The Cotton Exchange opened with a 13 to 46 point drop that quickly reversed as heavy spot buying pushed prices up 30 to 40 points. Within an hour the exchange suspended trading until next Tuesday, touching off a panic as S H P Pell Co and others failed.
MENTIONED IN THIS ARTICLE
Cotton Exchange
Wall Street
Board of Governors
Gold Export Movement Reaches 7.2 Million in Latest Shipment
The current export movement totals 7.2 million dollars begun July 28. London receives 7.1 million and Paris 100 thousand today with Paris to London distribution of the year’s shipments 28.2 million to London and 1 million to Berlin. Canada also receives 1 million.
MENTIONED IN THIS ARTICLE
London
Paris
Lidsare
Owecas
Kidder, Peabody & Co
Speyer & Co
NSIT
Ysis
Farmers’ Loan & Trust
Hanover National
Pata Nook
Cea Halen
Berlin
Canada
Goldfield Mines Posts No Dividend As Cash Shortage Cited
Goldfield Consolidated Mines Co executive secretary treasurer says no dividend due to cash limits after initial Aurora property payment. Cash on hand 415 000 and 154 000 in transit. Aurora ore reserves placed at 895 000 with 476 000 fully developed. Quarterly report shows tonnages up to 84 326 with net 445 813. Purchase of 592 000 Aurora shares for 877 075 at 1 28 per share. payments extended to October. initial disbursement 388 800 on June 25 with three more 100 000 installments.
MENTIONED IN THIS ARTICLE
A. H. Howe
Goldfield Consolidated Mines Company
Aurora
Aurora Consolidation Mines Company
Flower & Co assigns to Charles H Werner in NY Stock Exchange
Flower & Co a longtime NYSE member firm assigns its business to Charles H Werner of New York City as liquidation proceeds. Frederick S Flower notes death of a partner spurred retirement plan and says loan collateral remains well secured.
MENTIONED IN THIS ARTICLE
S. H. P. Pell & Co
Cotton Exchange
F. J. Frederickson & Co
Homer Howe & Co
New York Stock Exchange
Chicago Board of Trade
New York Produce Exchange
New York Cotton Exchange
Liverpool Cotton Exchange
Stephen H. P. Pell
Charles A. Kittle
H. H. Pell
Robert M.thompson
Patten Cotton Pool
Flower & Co
Charles H. Werner
New York City
Frederick S. Flower
Benjamin C. van Dyke
John S. George
Roswell P. Flower
New York
Wall Street
Standard Oil
Charles HM. Werner
Hatch & Sheehan
Werner
Franklin Savings Bank Declares 2 Percent Dividend
Trustees of Franklin Savings Bank declare the semi annual dividend of 2 percent payable August 1. Deposits made through August 5 will participate. interest as of August 1.
MENTIONED IN THIS ARTICLE
Franklin Savings Bank
Gaston Comments on Financial Situation
President William A. Gaston of the National Shawmut Bank says the U S situation is affected only in U S relations with Europe and that there is no domestic change. He notes foreign turmoil has frozen trade and European cash liquidation pressures, but adds banks remain healthy with ample cash and loans to depositors totaling 2 750 000 while others are paying down debt.
MENTIONED IN THIS ARTICLE
Reichstag
Spandau Tower
Pampa
Agadier
Algeciras
William A. Gaston
National Shawmut Bank
New York
The
Post
United States
Europe
Boston
Washington
America
State Department
Congress
Daniels
Boston Bank Stock Transfers Across Board of Directors
Stock bought and sold only through the board of directors as listed in the latest public statement dated June 20, 1914.
Shannon Copper Company Second Quarter Earnings Report
Shannon Copper Company reports for the quarter ended June 9 1914 net earnings of 40900 with production of 3118156 pounds, higher than the first quarter but below the last quarter of 1913. Cost per pound averages 12.695 cents. compare with 12.687 cents for Q1 and 12.37 cents for Q3 1913.
MENTIONED IN THIS ARTICLE
Shannon Copper Company
Treasury Ready to Help Out in New York and Beyond
Secretary McAdoo stated the Treasury Department will assist as far as it legitimately may in New York or elsewhere as the present situation requires. He emphasized continuous coordination with the ongoing situation and readiness to provide support where needed.
MENTIONED IN THIS ARTICLE
Washington
McAdoo
Treasury Department
New York
Wilson acts to deploy new Federal Reserve includes currency reserves
President Wilson moves to fast track the Federal Reserve Board and launch the new system. He notes 500 million dollars in treasury currency ready for issue and plans relief deposits in Chicago New York and Philadelphia while awaiting senate confirmations and a Warburg decision. He supports NYSE closure as precaution. He will stay at the White House to monitor the crisis.
MENTIONED IN THIS ARTICLE
Treasury
New York Stock Exchange
Wilson
McAdoo
White House
Federal Reserve Board
Reserve
Chicago
New York
Philadelphia
Senate
Thomas TD. Jones
Paul M. Warburg
The
Three Vessels Arrive at South Boston Fish Pier
At South Boston, three vessels, including a swordfisherman, reached the fish pier yesterday. Albert W. Black brought a trip of swordfish. Lucinda I. Lowell carried haddock, cod, and pollock. Hattie Heckman loaded haddock, cod, and pollock. Dealers posted prices for haddock and cod. Captain Henriksen reported seeing a large steamer offshore near Nantucket, possibly Cunard or Lusitania. The Allan liner Pretorian sailed from Mystic wharf with passengers and cargo, unimpeded by wartime trouble.
MENTIONED IN THIS ARTICLE
Fish Pier
South
Boston
Albert W. Black
Lucinda I. Lowell
Hattie Heckman
Haddock
Henriksen
Bowden
Long Wharf
Port Antonio
Port Morant
Jamaica
Cunard
Lusitania
Nantucket
Austin MacPherson
Bend
Liverpool
Allan Line
Pretorian
Mystic Wharf
Moville
Glasgow
Europe
Leyland Line
Devonham
William Bailee
John C. Church
A. M. Dodge
A. J. Dunning
B. L. Hinckley
Helen O’leary
Lillie Sherman
William ¢. Minifie
Wallace J. Murray
Clarence K. Renner
B. F. Allen
Ipswich
Prescott Evarts
Cambridge
N. M. Parnell
Manchester
Southampton
Hamburg
Shipping News Summary of Arrivals and Departures
A long list details steamers arriving and sailing plus tows and barges. Names include Bowden Henriksen Hawes Hawkesbury Kinney Nacoochee Munson Orion Breckenridge Princess of Avon Onward Mercedes Freddie Eaton Stony Brook and more. Ports span Port Antonio Port Morant Halifax Charlottetown Yarmouth Gloucester Boston New York Baltimore Norfolk Newport News and Portland.
MENTIONED IN THIS ARTICLE
Bowden
Henriksen
Port Antonio
Port Morant
Jam
Halifax
Hawes
Charlottetown
Baltimore
Massachusetts
Crowell
New York
Herman Winter
Bay State
Strout
Portland
City of Bangor
Hawthorne
Bath
Belfast
Brown
Bangor
City of Gloucester
Linneken
Gloucester
Cape Ann
Godfirey
Cto
Perth Amboy
Farnham
Rockport
Mass
Fred E. Richards
Miller
Rocklawa
Orion
Breckenridge
Sandwich
George Moon
Charles T. Gallagher
Pierce
Plymouth
Edith
Newport News
Princess of Avon
Walsh
Weymouth
Onward
Johnson
Port Wade
N. S
Mercedes
LeCain
Clementsport
Freddie Eaton
Fearnby
Calaia
Stony Brook
Lynn
Pretorian
Glasgow
Anglian
London
Prince Arthur
Yarmouth
Calvin Austin
St. John
N. B
Fastport
Coastwise
Norfolk
Carolyn
William H. Moody
May
Maurice River
N. J
Karl
Huzabet
Georges Creek
Lackawanna
Chemung
Vocono
Newport
Callisteo
Standard
O. Co
Philadelphia
Charles P. Greenough
Sewalls Point
Grace
Irene
Thomas J. Scully
Governor Robie
Sea King
Confidence
Narragansett
Sharon
Tamaqua
Easton
French cruiser Friant sails from St Johns for Brest
The French cruiser Friant left St John s Harbor after coaling in a hurried stop She will delay on the Grand Banks to pick up French fishermen then proceed to Brest where the fishermen will be distributed among warships.
MENTIONED IN THIS ARTICLE
ST. John’s
N. F
Friant
France
Grand Banks
Brest
War disrupts Boston leather and footwear trade
The European conflict impacts Boston firms engaged in leather export and footwear import. Thomas F. Anderson, secretary of the New England Shoe and Leather Association, says many Boston firms have received cables from European customers canceling shipments.
MENTIONED IN THIS ARTICLE
Europe
Boston
Thomas F. Anderson
New England Shoe and Leather Association
European War Impacts New England Shoe Trade
New England shoe firms halt orders amid a looming European war. Prominent Boston manufacturers travel abroad while a broad association warns of chaos in leather and footwear trade due to exchange embargoes, suspended stock exchanges, and scarce insurance. American consuls in Europe prepare traveler guidance and possible aid requests if war escalates.
MENTIONED IN THIS ARTICLE
New England
Russia
Germany
Boston
Charles C. Hoyt
New England Shoe & Leather Association
Chamounaix
Switzerland
W. A. Rumpf
Riga
New England Shoe and Leather Association
Europe
United States
Trade figures for leather and footwear in 1913
The report notes 1913 exports of sole leather to affected countries totaling 7,057,030 dollars and upper leather exports at 13,853,991 dollars. Boots and shoes exports reached 4,593,163 dollars. Imports from European countries included calf and hip skins 18,563,722 dollars and cattle hides 18,004,734 dollars, with goatskins 4,990,469 and sheepskins 7,729,302.
War lowers wheat price amid European crisis talk
Flour dealer Daw son argues wheat prices fell six cents despite the crisis as export channels shrink and a war could demoralize foreign trade. He warns of a large domestic surplus lasting a year or more and questions how to dispose of it while urging caution on war costs. Bernard Rothwell agrees a general war would curb international commerce and may raise food prices if England Germany and France engage.
MENTIONED IN THIS ARTICLE
International Mercantile Marine
Security Exchange
Boston
London
Hamburg
Warburg
Germany
Europe
FE. E. Dawson
Post
Bernard Rothwell
The
Chamber of Commerce
Rothwell
England
France
Advent and Baptist Church Services on Warren Street
Readings list dozen churches with Sunday services in Boston area including Advent Church 160 Warren Street Dr Martin preacher 10 30 am and Union service 7 15 pm. Ruggles Street Baptist near Tremont 10 30 am sermon by Rev C T MacGregor. Tremont Temple Baptist large crowd 10 30 am and 6 pm with Dr MacArthur. many congregations list hours locations pastors and soloists for Sunday worship throughout streets: Warren Street Roxbury Dudley Street Clarendon Street and Park Street churches.
MENTIONED IN THIS ARTICLE
Advent Christian Church
Warren Street
Martin
Baptist
George R. Clark
Warren Avenue Baptist Church
West Canton Street
Tabernacle Baptist Church
Herbert S. Johnson
D. D
Frederick E. Heath
Loren A. Clevenger
Providence
R. I
Olive Russel
Welce B
Tremont Temple Baptist Church
New England
Robert S. MacArthur
G. L. Page
M. S. Rees
Dr. Rees
Page
Clarendon Street Baptist Church
Clarendon and
Montgomery Streets
John
Blair
Bible Schools
Union Square Baptist Church
Walnut St
Somerville
Spinney
Philadelphia
Christadelphians
Chris- Franklin Union Building
Berkeley
Tadelphians Street
Abraham
The
Roxbury
Dudley Street
Christian Scientist
First Church OF Christ, Scientist
Falmouth
Norway
St. Paul Streets
Boston
Congregational
ELIOT
Kenilworth Street
Winfred Chesney Rhoades
Park Street
Park and Tremont Streets
A. Z. Conrad
Rh. D
Samuel Woodrow
St. Louis
Bible School
Church OF the New Jerusalem
Bowdoin Street
State House
James Reed
H. Clinton Hay
Union
Uay
Cathedral of St. Paul Daily Services and Preacher Schedule
The Cathedral Church of St. Paul lists Sunday services including Holy Communion at 8 a.m. and 11 a.m. with a sermon by Rev. Edward T. Sullivan and an evening address by him. Weekday services cover noon, 5 p.m. prayers, and varying morning Holy Communion times.
MENTIONED IN THIS ARTICLE
ST. Paul
Edward T. Sullivan
E. T. Sullivan
Presbyterian Sermons Around City Churches
First United Presbyterian Church at Warren and Brookline hosts preaching at 7:30 p.m. by Rev. W. W. Logan of Louisville. First Reformed Presbyterian at Ferdinand and Isabella hosts 10:30 a.m. preaching by Rev. W. J. McKnight on The Christian's Pilgrim age Heavenward with strangers invited.
MENTIONED IN THIS ARTICLE
First United Presbyterian Church
Corher Warren Avenue
Brookline Street
K. M. Munro
W. W. Logan
Louisville, Ky
First Reformed Presbyterian Church
Ferdinand and Isabella Streets
W. J. McKnight
Mabel Reed Witham
First Church of Immortalism
Walis Milligan
Massachusetts Ave
Cambridge
Sunday Spiritual and Religious Meetings Listed in Boston Area
A long list of religious and spiritual events across Boston and nearby towns invites attendance. Denominations include Church of the New Jerusalem, Bible study groups, Unity Camp in Saugus Centre, and various séances and lectures led by noted mediums and pastors. Multiple venues share dates around Aug 2 with free seats and diverse programs.
MENTIONED IN THIS ARTICLE
International Bible Students’ Association
Steinert Hall
Boylston Street
A. W. Gleason
Catharine Thompson
Huntington Chambers
Also Mentioned on This Page
Deutsche Bank
Reichsbank
Empire
Kaiser
Fis
Tampa, Florida
Bradstreet’s
Public Utility Securities
Comn Power Co
Dallas Electric Co
Texas Blee Co
Brockton
Paso Blee
Lt & Pr Co
Abington & Rockland
Texas Electric Co Northern
Public Set Invest Co
Puget Sound Tr
Lt & Pp Co
Railway & Light Securities Co
Tampa
Elee Co
Gold Export Movement
Goldfield Consolidated
Gaston
Boston Bank
Trust Companies
National Banks
Boyiston Eec
First Fence
First Ward
Fourth Atlantic
Hyde Park
Merchants Weaee
Mutual
Old
Ween
Rockland Peoples Sewer
Security Ween
Shawmut Ween
Webster & Atlas
Winthrop
Charlestown
Columbia
Commonwealth
Cosmopolitan
Fidelity
State Street
Shannon Copper
NE & Webster
Come & Webster
Stone
Columbus Electric
Uss
Las Electric
Edison Elec
Ill
Abington & Rocks
Gross Os Ste
Aie
Teigieaem
Stare Wenee
Fall River Gas Works
Gross Oems
Epee
Galveston-Houston Electric
Gross Reare
Ewes
Houghton County Electric Light
Grosseve Seeeere
Aaresetaneses
County
Jacksonville
Keokuk Electric
Kross
Nate Ae Air A Usar
Oe Pen
Eae
Lowell Electric
Woldien Teee
Gross Coe Pea Hianceeer
Sseeie
Sas
Paducha Traction & Light
FPOEB
Sicaesdortesseses
Ates
Pensacola Electric Sd
Er Seers
Ereseseseesseres
Cgross
Jurly
Opeesererees
Wiee Erie
Wiw
Bea
New Mork Vcs wasseeesckUe
Money Markets
Prev
High
Pept Es Eeesia
Nos Ll . Daas
Eostala
Kane
Ofton
Ctraas Ateee
Tata Incec Cleokos
Cna
Hoseaseenee
Perfect Reserve Board
Amerika
Commonwealth Pier
Cincinnati
Shipping News
Ai. Aso
Reliance
Mas
Sac Res
Rocka
Wana Ser
the Post
Adventist
Episcopal Church OF the Advent
Mt. Vernon
Brimmersts
William Harman van Allen
ST. Ann’s Church
East Cottage Street
A. George E. Jenner
Episcopal
Salvation Army
No. 1 Corps
Bowdoin Square Hall
Bray
McCann
Spiritualist
Saugus Centre
Lynn Association of Spiritualists
Effie I. Webster
E. W. Shults
Lily Day Camp
Scollay Square
First Bible Spiritual Church
Tremont Street
Adele C. Williams
Spiritual Endeavor Society
Louise Hall
Pleasant Street
Malden
F. A. Dilopoulo
Aletheia
Camp Progress Spiritualist Association
Mowerland Park
Upper Swampscott
George Nutter
Harvey Redding
Huntington Avenue
Public Spiritual Circle
Public Library
Harmony Hall
Washington St
Frederic Pierce
Jollimore
Emmons
McKenna
Whitten
Gale
Griswold