Seattle Bonds Declared Legal Savings Bank Investments
Bank Commissioner Thorndike ruled that Seattle and Spokane municipal bonds are legal savings bank investments in Massachusetts after clarifying bonds are not direct city obligations and do not exceed the 7 percent debt limit. The decision aligns with Washington and New York rulings and broadens permissible investments for Massachusetts savings banks.
MENTIONED IN THIS ARTICLE
Thorndike
Savings Division
Massachusetts
Swift
Seattle
Spokane
Washington
Supreme Court of
State of Washington
Attorney-General
State of
New York
Seatle
Massachusetts Savings Banks
Beck
California
Oregon
New Jersey
Nebraska
Delaware
Market Review and Outlook for Stocks and Commodities
The week showed a deadlocked market with cautious uplift as Steel Corp earnings boosted sentiment. Strong harvest prospects, agriculture wealth growth, and cotton conditions shape outlook with potential price moves toward the constructive side as events like Governor Wilson’s speech and crop reports loom.
View of American Tobacco shows stock gains post dissolution decree
After the Supreme Court ruled American Tobacco a monopoly and ordered dissolution, the old stock briefly hit 520 before retreating. The new stock and subsidiary shares later traded at higher combined values, suggesting the breakup did not reduce profits as feared.
MENTIONED IN THIS ARTICLE
Supreme Court of the United States
American Tobacco
Ifat
American Tobacco Co
New York Stock Exchange
Supreme Court
Comptroller Report Shows Bank Note Security Yields
The Comptroller of the Currency reports the amount of National Bank Notes outstanding secured by U S Bonds and lawful money at the start of business on specified dates, noting changes from the prior year and month, plus the kinds and amounts of bonds on deposit to secure notes and public deposits. It states 1 4 percent better than New England securities and explains savings banks can buy them to yield as much as 44 percent, contrasting with local issues yielding 3.55–3.60 percent for tax exempts and 3.90–3.95 percent for taxable issues.
MENTIONED IN THIS ARTICLE
Department of Agriculture
United States
Journal of Commerce
Wilson
U. S
National Bank
U.S. Panama
U. S. Panama
Panama
District of Columbia
Territory of Hawaii
Philippine Railway
Charles A. Day & Co
Boston
Market Outlook Mixed as Crop Prospects Drive Confidence
Hayden Stone and Co analysts in Boston and New York argue abundant crops will lower living costs and raise labor conditions while copper remains strong. They see a broad uptrend with temporary recessions, noting improved rail earnings and broader trade as summer demand recedes.
MENTIONED IN THIS ARTICLE
Hayden, Stone & Co
Boston
New York
London
T. M. Taylor & Co
Canadian Pacific
Wrenn Bros. & Co
Gulf States
F.d. Milliken & Co
Steel Corporation
Calendar for Today Ex-Dividend List
Ex dividend notices include National Carbon preffered, Penman’s Ltd, Pennsylvania Railroad, United States Steel preferred. Books open at Standard Milling Company for share transfers.
MENTIONED IN THIS ARTICLE
National Carbon
Penman’'s, Ltd
Pennsylvania Railroad
United States Steel
Open Standard Milling
Destroyer Henley Runs Engine Tests Near Rockland
The torpedo boat destroyer Henley begins two 10 hour trials to compare reciprocating and turbine engines for warship economy. Turbines will power the first 25 knot run and reciprocating engines the second 16 knot run before the vessel proceeds to Quincy Massachusetts for finishing touches.
MENTIONED IN THIS ARTICLE
Rockland
Henley
Quincy
Mass
Youches
Auto in Tow Hit by Car in Reading injuring occupants
A runabout owned by Dr. Elwin H. Wells of Wakefield was struck by a Bay State street railway car on Main Street Reading yesterday morning. The tow job meant the car was being moved to a Stoneham garage. Walter Martin, 3, of Stoneham, riding inside, was thrown to the ground with cuts and bruises.
MENTIONED IN THIS ARTICLE
Elwin H. Wells
Wakefield
Bay State Street Railway
Main Street
Reading
Stoneham
Walter Martin
Fleet in Big Drill Near Block Island and Vineyard Haven
A weeklong Atlantic fleet drill begins tomorrow near Block Island Vineyard Haven and Point Judith. Submarines mines and torpedo boats will attack battleships in day and night exercises.
MENTIONED IN THIS ARTICLE
Newport
R. I
Block Island
Vineyard Haven
Point Judith
Naval war game plan outlines Red Blue forces moves
Commander Bullard leads the Red force with the San Francisco mine layer destroyers and submarines from Narragansett Bay. Rear Admiral Bradley A. Fiske commands the Blue force to cross between Block Island and Vineyard Sound light ship avoiding mines and subs. Battleships later practice mine laying while torpedo flotilla commands set night actions and sunrise engagement timing. Maximum effective range is six thousand yards.
MENTIONED IN THIS ARTICLE
Bullard
Red
San Francisco
Narragansett Bay
Blue Force
Bradley A. Fiske
Block Island
Vineyard Sound
E. W. Eberle
Mark Popes Ninth Anniversary Observed Across Archdiocese
Special ceremonies marked the ninth anniversary of Pope Pius X’s election in Catholic churches throughout the archdiocese. High masses began at 11:15 at the Cathedral of the Holy Cross with Rev. Neil J. Cronin officiating and Rev. A. F. Hickey delivering the sermon. At the Church of the Immaculate Conception a solemn high mass featured special music by the choir.
MENTIONED IN THIS ARTICLE
Pope Pius X
Cathedral of the Holy Cross
Neil J. Cronin
A. F. Hickey
Church of the Immaculate Conception
Navy records show 113 Negro sailors in service
Navy Department figures list 113 Black sailors among U S naval personnel in the year ending August 4, noting ongoing enrollment and year by year totals.
MENTIONED IN THIS ARTICLE
Portsmoith
N. HS
Navy
United States
East Boston Opposes Rourke Incinerator Plan
Thomas J. Giblin ex-alderman denounces Street Commissioner Rourke's proposed incinerator on Noddle Island as a garbage plant and a source of objectionable odors. He argues East Boston residents fear city refuse hauled through their streets and questions alternative sites such as the Fenway or Welles Avenue.
MENTIONED IN THIS ARTICLE
Thomas J. Giblin
East Boston
Rourke
Noddle Island
Dorchester
Boston
Fenway
Welles Avenue
East
Mr. Rourke
Massachusetts and New England Boards Joined U S Chamber
Washington reports that the Chamber of Commerce with 4609 Boston Mass boards and trade groups join the national Chamber of Commerce of the United States of America. The new members include the Massachusetts State Board of Trade 58 members and the New England Shoe and Leather Association 275, plus Everett 240 New Bedford 185 and Springfield 1150 boards of trade. The Alexandria Va chamber with 52 members is the smallest joiner. Boston remains the largest local group with 4609 members.
MENTIONED IN THIS ARTICLE
Washington
Chamber of Commerce
Massachusetts State Board of Trade
New England Shoe and Leather Association
Boston
Mass
Board of Trade
Everett
New Bedford
Springfield
Chamber of Commerce of the
United States of America
National
Alexandria
Chamber of Commerce of
Mags
Girl of Fifteen Falls Twenty Feet in South Boston
Blanche McInnis, 15, of 1112 Wellington Street, South Boston, fell through a window while seeking stairs to the back court and dropped twenty feet onto a hard sidewalk. She was a boarder at the home of Francis Paine and sustained only bruises on her back.
MENTIONED IN THIS ARTICLE
Blanche McInnis
Wellington Street
Boston
Francis Paine
Also Mentioned on This Page
Brown Brothers & CO
State Street
Philadelphia
Brown, Shipley & CO
West End
Pall Mall, S. W
P.C
Firondack
Pam Gas & Elec
Baltimore
Hose & Ruth
Conn
R. & Light
Cambridge Gas
Charlestown
Cripple Creek Cent
Douglas Shoe
Eeaeteorn
Draper Company Conf
Eee Enone
Blec
Farr Alpaca Ee . Ee
Federal Light & Trac
Heywood Bros & W
Hood Rubber
Internat Smelting
Library Bureau
Miss River Power
Mass Lighting
Nipe Bay
Boston Light
New Eng Invest
Naumkeag Steam
Northern States Power
Pere Marquette
Pacific Gas & Elec
Phelps Dodge
Republic Ry & Light
Eve Cleeteew
Standard Gas & Elec
Silversmiths’ Co
Salem Gas
Springfield Fire & Marine
Western Power
Ae Heeetee
Worcester
Waltham Watch
Walter Baker Ltd Eeeere Eer
Market
Treasury Statement
Bankers Trust Co
Illinois Trust & Savings Bank
Chicago
Illinois
Missouri
Fundamenta
Deere & Co
Quick Assets
Quick
John Deere
Messrs. Spooner & Cotton
Butterworth
White, Weld & Co
Devonshire Street
Buffalo
Mark Pope
Giblin
Bay
S. S. Pierce Co. Distributors
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