How Emergency Currency and Clearing House Help Banks
The piece explains two safeguards during monetary stress. Clearing house certificates allow banks to loan between themselves backed by pledged assets at 73-10 percent annual rate, strengthening weaker banks. Elastic currency under Aldrich-Vreeland enables large paper money issuance up to about 1.5 billion net, with tax reductions, to provide abundant cash while gold reserves are hoarded.
MENTIONED IN THIS ARTICLE
United States
Clearing House
Clearing House Association
Aldrich-Vreeland
Treasury
Banks plan emergency currency and clearing house safeguards
The article argues for using emergency currency and clearing house certificates to shore up bank strength during a crisis. It notes Europe’s gold drain and a large foreign debt, urging bold credit for legitimate business while prudent scrutiny of speculative demands. Interest rates would retire the measures when normal conditions return.
MENTIONED IN THIS ARTICLE
Europe
Grain Embargo Relaxation Opens Trade Flexibilities
New York reports indicate freer grain and cereal clearances along the Atlantic seaboard as railroads cooperate to move supplies. Bankers may export a moderate amount of gold to meet foreign obligations while a $10 million Canadian loan subscription comes due. July imports exceed 1913 levels with $117.6 million in gold exports.
MENTIONED IN THIS ARTICLE
New York
Atlantic Seaboard
Canada
London
Paris
United States
Flour Prices Rise as Wheat Gains After Market Update
The price of flour climbs to eight dollars per barrel after a day of rising wheat prices. Wheat advances four cents per bushel from about $1.13 to $1.17, prompting wholesalers to hike flour by 10 to 25 cents per barrel and retailers to follow suit.
Food price shifts and flour outlook in early wartime market
A large Boston concern raised flour and price quotes with several grain and meat items edging higher while fish and vegetables stayed cheap. Wheat export demand and bad weather drive a four cent rise in wheat. flour remains above typical seasonal levels but one industry representative notes annual peak months temper price spikes. Federal state and city food price probes continue with no prosecutions yet.
Mayor Aims to Ban Three Deck Tenements Citywide
Mayor Curley won strong backing at a large hearing in the aldermanic chamber for extending Boston building limit laws to 30 surrounding cities and towns. He invited mayors and civic leaders to City Hall to support eliminating the three deck wooden tenement from the metropolitan district.
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Curley
Aldermanic Chamber
Boards of Selectmen
City Hall
Boston
Boston Mayor Forms Committee On Building Limit Extension
The Mayor vetoed a measure to expand building limits and set up a committee to pursue it. Members include Francis R. Bangs chairman Franklin H Wentworth C J Kimball William Hennessey and Building Commissioner O Hearne along with others and Cambridge Public Safety Commissioner Cunningham supported the idea. Councilman Woods plans to seek a city wide limit extension citing unequal opportunities across the line.
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Boston
Francis R. Bangs
Franklin H. Wentworth
National Fire Protective Association
O’ Hearn
C. J. Kimball
Iex
William Hennessey
Cunningham
Public Safety
Cambridge
Neal
Gorham Dana
Hennessey
Woods
City of
Fresh groundfish prices rise amid light hauls and high demand
Prices for haddock and cod edged up in yesterday's market as only 11 fishing vessels landed with few large hauls. Haddock 84 cents, steak cod 7 1 2 cents, market cod 3 cents, steak pollock 3 1 2 cents, large hake 4 1 2 cents, medium hake 2 3 4 cents, swordfish 15 cents. The Ripple and Breaker reported notable scrod catches. mackerel were scarce with no arrivals. The Austrian and other foreign ships moved docks while the Michigan sailed for Liverpool with grain and refugees. The Boston Floating Hospital reported solid fundraising momentum.
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Haddock
Ripple
Ioam
Waltham
Nunan
Mary Beale
Boston
Erny
Cunard
Brown’s
Martinolich
Eray
Koln
Willehad
Andrasamha
Wittekind
Anchorage
Warren Line
Michigan
Liverpool
Eingland
Hamburg-American Line
Amerika
Singapore
Buenos Ayres
Jacksonville
Florida
Grain Market Surges as Wheat Leads Rush on Aug 28
The Chicago grain market extended a sharp rally with wheat up nearly two cents early, finishing Sept at 1.03 and gaining over 3 cents on other contracts. December corn rose 1 1 4 cents to 70 7 0, May corn to 73 4, and oats advanced over 1 cent amid strong speculative buying and export interest. Cash markets showed No. 2 red wheat around 1.03 to 1.06, with various No. 2 and No. 3 grades quoted across wheat and corn.
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Janes Cas Aos
IMG Ovens Kas
Open
New York
Minneapolis
St Louis.s
Cree Pee
Ligees
Kansas City
Detroit
Newark to pay six percent on 125000 loan for street bonds
Newark New Jersey will pay 6 percent interest on a 125000 loan from National Newark Banking Company to meet maturity on a street improvement bond issue previously at 3.6 percent. Multiple other price and earnings figures across rail, steel, and chemical firms are reported, including Batimore and Ohio July gross and net drops, and notes of layoffs and leadership changes.
MENTIONED IN THIS ARTICLE
Newark
N. J
National Newark Banking Company
Gossip for Motorists Highlights War Era Auto Trade Ambitions
Colonel George Studebaker predicts South American motor trade boom for US manufacturers as Europe war drives demand. Kissel Motor Car Company CEO reports 1915 models driving profits, with lush production. Peerless plans war map for New England owners. Apperson adds Eccleston as general sales manager. Lincoln highway to gain trees and flowers coast to coast costing $25 million. General Federation of Women’s Clubs seeds beautification funds near $3 million.
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George Studebaker
Detroit
Europe
United States
Studebaker Corporation
George Kissel
Kissel Motor Car Company
Boston
Kissel Kars
J. L. Snow
Peerless Motor Car Company of
New England
Mr. Snow
Beacon Street
Lincoln Highway
General Federation of Women’s Clubs
New England Casualty Reports Strong June Surplus
President Corwin McDowell of New England Casualty Company releases a statement showing a surplus of 1 120 487 under insurance department standards as of June 30 and 1 374 788 surplus for policyholders including non admitted assets. The firm operates nationwide with branch offices and agencies in major cities. Officers include Albert Johnson, first vice president, and Allan Forbes, secretary.
MENTIONED IN THIS ARTICLE
Corwin McDowell
New England Casualty Company
Insurance Department
United States
McDowell
Albert ©. Johnson
Allan Forbes
Fireman Fatally Falls From Ladder in Methuen Tenement Fire
Overcome by smoke, Fireman John Quinn age 50, fell from a ladder while battling a Methuen tenement blaze. He died after hospitalization. Fireman John Pollard also fell and was injured but expected to recover.
MENTIONED IN THIS ARTICLE
Methuen
John Quinn
John Pollard
Suzanne Prepares for Travel in Sunday Post Photo
Orson Lowell captures Suzanne in a candid moment as she gets ready for a trip next Sunday. The photo highlights her packing, wardrobe choices, and travel mood.
MENTIONED IN THIS ARTICLE
Orson Lowell
Suzanne
Boston Money Markets and New Haven Earnings Preview
Boston quotations show customer loans prior to stock exchange close at 73 10 per cent. Outside brokers loans 8 per cent, all broker loans since close 8 per cent, customers' commercial loans 6 per cent and up. Commercial paper 7 per cent and up. Year money 6 per cent and up. New Haven July earnings likely at least steady versus 1913 with a possible small gain. July transportation ratio slightly under 37 per cent versus 37.9 per cent a year ago.
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New Haven
Boston
Stock Exchange
Shipping News Arrivals and Tows From East and Gulf Ports
A long shipping list reports the Rhode Island and numerous steamers and schooners docking or sailing via Eastport Portland Hampton Roads and other ports. Vessels include Prince George McKinnon Dorchester Hatcb Melrose Nor folk Bunker Hill City of Gloucester Cape Ann Godfrey City of Philadelphia Ikrum and many barges to Portland Newburyport Bangor Rockland Bath and more.
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U. S
Rhode Island
Williams
Hampton Roads
Prince George
McKinnon
Yarmouth
N. C
Dorchester
Hatcb
Norfolk
Melrose
Frostad
Bunker Hill
Crowell
New York
Hawley
Moses
Newport News
Dingley
Clark
St. John
Eastport
Portland
Bay State
Strout
City of Rockland
Linscott
Bath
Camden
Rawley
Bangor
Macy
City of Washington
Philadelphia
Catawissa
Seine
Monitor
Cumru
Portsmouth
Cacoosing
Fred E. Richards
Miller
Rockland
Rahn
Boylston
Searsport
Conestoga
Olsen
Oak Hill
Goss
Fraser
West Sullivan
Portland Packet
Grant
Sullivan
Eveleth
Barnes
Ipswich
W. H. Waters
Gale
Joggins Mines
N. S
Domain
Stewart
Sand River
Hume
Stinson
John J. Farr Thompson
Rockport
Gold Hunter
Bango
Michigan
Liverpool
Middlesex
Simon
Malden
Evangeline
Halifax
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Savannah
Ontario
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H. F. Dimock
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Hammond
Moslem
Pallas
Marblehead
Mercury
Nantucket Sho
Maitland
RBL
Tay
Minneola
Newell B. Hawes
Along Came Ruth Wins Critics Top Prize
New York critics hailed Along Came Ruth as a palpable hit. The New York Times praised the play for its blend of intelligence and heart, noting the writer’s use of his funny bone and saying it shines.
MENTIONED IN THIS ARTICLE
Israel Putnam Hubbard
Palace Furniture Emporium
Oldport
Ruth
New York
N. Y
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