Foreign Exchange Clears Amid War Era Markets
The London market for sterling renewed activity in Boston with demand at 4 3/4 to 5 and cable transfers at 5. The moratorium on Aug. 2 hinders 60 days sight drafts and French drafts. Bank reserves and proposed note recanting spark national debate while Emergency Currency totals rise to 12.98 million with limited interbank business across New York.
MENTIONED IN THIS ARTICLE
London
Boston
Credit Lyonnais
Canada
Syany
Chicago
Jan Sereweeny
Ats
Prey
New York
Peeves
Minneapolis
St. Louis
Kansas City
Toledo
Detroit
Mercantile
Middle West
Paris
Butte and Superior Quarterly Report 1914
The Butte and Superior Copper Co Ltd releases quarterly results for the quarter ended June 30 1914 vs the previous quarter. It shows ore milled 95 500 tons vs 78 590, zinc concentrate 57 824 296 pounds vs 63 560 288 and a net return per ton of ore milled of 844 to 906 dollars with cash on hand 730 416 and working assets 1 079 422. The report notes holidays and worker disputes affecting output and outlines changes in ore grade mill recoveries and process adjustments aimed at restoring first quarter performance.
MENTIONED IN THIS ARTICLE
Butte & Superior Copper Co., Ltd
Concen
Ibs
W. Bruce MacKelvie
D. C. Jackling
Butte
Bankers Clash Over Reserves Amid War Strains
New York bankers debate counting national bank notes toward reserves amid calls to cut required specie from 25 to 18 percent. Some warn the move would erode confidence and weaken the nation’s ability to meet debts, while others push gradual reductions and higher reserves to weather stress.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve System
War trade unsettled yet some signs point to restoration
Bradstreet's notes broad unsettlements in American trade and price swings as neutral import barriers and financing difficulties persist. Despite turmoil, hints of a future recovery appear with domestic control rising as raw material imports stall. Failures reach 278 nationally and 45 in Canada versus prior years.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
Money Market Rates From Brokers and Loans
The report lists loan rates prior to the stock exchange closing at 73-10 percent for customers and 8 percent for all brokers since closing. Outside brokers loans are 6 percent and up, customers commercial loans 6 percent and up, outside commercial paper 7 percent and up, and wear money at 1.1 percent and up.
MENTIONED IN THIS ARTICLE
Stock Exchange
Nipissing Mines Records July Output and Shipments
Nipissing Mines reports July production valued at 211.5 percent and bullion shipments valued at 231,858 dollars. United Verde reduces output by 23 percent after producing 5,000,000 pounds monthly. Boston Curb Exchange sets daily settlement hours 10 to 12 and warns against trading listed stocks or bonds. New England cotton mills to shut for Labor Day week to two weeks, marking the largest curtailment since 1911. Spelter trades around 5.50 cents, up from 4.70. electrolytic copper falls to 1238 cents with weak demand.
MENTIONED IN THIS ARTICLE
Nipissing Mines
Boston Curb Exchange
Boston
New York
New England
Boston & Albany Posts Large Yearly Operating Deficit
The Boston and Albany system records an operating deficit of 788 000 dollars for the year ending June 30 after dividends on leased stock. The decline stems from a 122 090 dollar drop in gross revenue and over 400 000 dollars in higher maintenance costs compared with the prior year.
MENTIONED IN THIS ARTICLE
Boston & Albany
German steamer Von Wissonan captured in Lake Niassa action
Official notice from Niassa Land British Central Africa states that the German armed steamer Von Wissonan was surprised and captured by the government steamer Guendolin on the eastern shore of Lake Niassa yesterday.
MENTIONED IN THIS ARTICLE
London
Niassa-Land
British Central Africa
Guendolin
von Wissonan
Lake Niaasa
Nordica Will Battle Looms as Husband Challenges
Mr. Young disputes the Nordica will filed in Surrogate Court claiming it does not reflect Mme. Nordica s wishes. Lawyer Tomlinson says the instrument lacks proper form and cites an alleged $400 000 bequest that Young denies. He plans to probate after gathering witness testimony from Thursday Island with possible delays.
MENTIONED IN THIS ARTICLE
Mme. Nordica
Adams
Colorado
Tomlinson
Young
Thursday Island
New York
Monmouth County
New Jersey
Playwright Hal Reid Shot Himself In New Jersey
Hal Reid the noted playwright and film figure shot himself at the home of Frank Reigelman in Atlantic Highlands New Jersey. The bullet entered the left shoulder near the lungs. Dr John H Vanmater sent him to Long Branch Hospital for X ray and possible operation by Dr Edwin Field. Reid said the gun discharged accidentally while he was rehearsing a moving picture act.
MENTIONED IN THIS ARTICLE
Red Bank
N. J
Hal Reid
Frank Reigelman
Washington Avenue
Atlantic Highlands
John H. Vanmater
Reid
Long Branch Hospital
Edwin Field
Reigelman
New England Golfers Reach Money in Open at Glen Oak
Two New England golfers earned money in the $6 hole four ball event at the Glen Oak Open. Kerrigan and Langford finished third with 145, while McNamara and Hale were fourth at 147 after a strong morning 71 but 76 in the afternoon. Wood and Hagan won with 142.
MENTIONED IN THIS ARTICLE
Chicago
New England
Glen Oak
Tom Kerrigan
Dedham
Mass
Willam B. Langford
Tom McNamara
Boston
Fraser Hale
Edgewater
Landedi
Kerrigan
Langford
Mike Brady
Wollaston
Mike
Salt Lake
Warren K. Wood
Homewood
Walter Hagan
Rochester
N. VI
Alex Ross
Brae Burn
Andy Campbell
Springhaven
McNamara
Hale
Wood
Hagan
France Seeks no Morgan Negotiated Loan
J P Morgan & Co said they were not asked by the French government to negotiate a loan in New York. They were approached by private interests and would not pursue the loan without State Department guidance. The bank noted the loan would create US credit and fund French purchases of American goods, with no gold exports planned.
MENTIONED IN THIS ARTICLE
Bankers Trust Company
Bankers Trust
Guaranty Trust
Equitable Trust
Bank of England
New York
J. P. Morgan & Co
State Department
United States
Berlin is Quiet Fully Protected
The American Association of Commerce and Trade of Berlin via Ambassador Gerard asked the State Department to publish that Berlin is quiet and food prices are normal. Foreigners especially Americans are fully protected, with a city hall meeting in Berlin encouraging Americans abroad. A special train will aid travel to the Holland frontier and boats to England continue running.
MENTIONED IN THIS ARTICLE
Washington
American Association of Commerce and Trade of Berlin
Gerard
State Department
United States
Germany
Berlin
Copenhagen
City Hall
Holland
England
Also Mentioned on This Page
Treas Department
New York Clearing House
Federal Reserve Bank
National Bank Act
Central Reserve City
Reserve Bank
Nations Bank Act
National Bank
Federal Reserve
Ai Reserve Bank
Central Reserve Federal Reserve Act
Federal Bank
New York State
Great Britain
France
Russia
Austria
Butte & Superior
Metal Invent & Quo
Camadios Os
Europe
Bradstreet’s
Money Markets
United Verde
African Lake
Nordica
the Press Publishing Co
Mann En
Maurice Ketten
Wilson
Harter
Bowdoin SQ
Revere House
Scollay Sq
Alice Dudley
Ladies First
Violet Mascotte
Merrie Maids
Alice Cheslyn Dudley
Mildred
Ruth
A. E. Tobin
Mear
Billy O'Malley
Roxbury
Mary Pickford
Bill
Ates
American Association
Lottie Collins
B. F. Keith
George
the Czar
Kaiser
John F. Conroy
Bert Fitzgibbons
Homer Lind Melville
Grand Opera House
Maxim’s
Eva Mull
Oxford
A. A
Plymouth
Majestic
Camille
Scollay
Olympia
Richard Henry Warren
Mwastine
Coto
Theatre de Luxe
Essey
Jack London
Howard
Villa Napoli
Nantasket
Maxim
O'Neil
RED Soxs
Pes Ae
New York Fenway Park
Wright & Ditson’s
Revere
Lawrence
Hansen Mitten
Madono
Moretti
Clarke
Paragon
iLi
Kygn1
Dansant
Lexington Park Rustic Theatre
Bugs
Provincetown
Dorothy Bradford
Atlantic Ave
Hill
ABEZ
DYER
Paragon Park
Palm Garden
Betty Alden
Rowe's
Lina Lewis
Bass
Atta
Nahant
Bass Point
Revere Beach
Nassau
Aachigonne
Gen. Lincoln
Otis Wharf
Aoa
Atsu
Ahan
Cape
Bourne
Herrick’s
King Philip
Edw. W. Dixon
Commercial Wharf
Gloucester
North Shore
Cape Ann
Central Wharf
State St
Bostom
Atlantic
G. Mar
Sorensen
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