Federal Reserve Elastic Currency Plan Analyzed
The piece outlines the aims of the new federal reserve system to create an elastic currency tied to commercial loans, enabling automatic expansion and contraction with business demand. It explains bank note issuance against government bonds, rediscounting through regional banks, and the 40 percent gold reserve backing notes.
MENTIONED IN THIS ARTICLE
Federal Reserve System
Federal Reserve
Reserve Bank
American National Bank of
Lowell
Boston
Lowell Bank
Wight
Federal Reserve Bank
Dividend notices from Puget Sound Traction and Island Creek Coal
Puget Sound Traction Light Power declares quarterly dividends of 1.50 per share on preferred and 1.00 per share on common, payable January 15 1914 to holders of record January Island Creek Coal declares 0.50 per share quarterly dividend on common, payable February 2 1914 to holders of record January 23 1914. W Batchelder, Treasurer.
MENTIONED IN THIS ARTICLE
Puget Sound Traction, Light & Power Company
Island Creek Coal Company
W. Batchelder
American Telephone & Telegraph Co
Dusinees
Dividends Declared by Multiple Firms and a Boston Loan Award
Delaware’s Charles Warner declares 4 per cent dividends on first and second preferred. Commonwealth Edison 2 per cent quarterly. Franklin Company 68 dollars semi annual. Iron Blossom 10 cents quarterly. United Cigar Manufacturers 1 per cent. United States Realty 1.14 per cent. Nashville, Chattanooga and St Louis Railway 3.14 per cent semi annual. Kerr Lake Mining 25 cents quarterly. Norfolk county Massachusetts awards 75000 loan to Boston Safe Deposit Trust. Loring Tolman & Tupper also bid.
MENTIONED IN THIS ARTICLE
Charles Warner Company
Delaware
Commonwealth-Edison
Chicago
Franklin Company
Iron Blossom
United Cigar Manufacturers’ Company
United States Realty & Improvement Co
Nashville, Chattanooga & S J. Louis Railway Co
Kerr Lake Mining Company
Norfolk County
Mass
Boston Safe Deposit & Trust Company
Loring, Tolman & Tupper
Vast Treasury of 19th Century Railroad Bonds and Notes
A dense catalog of railroads and allied securities listing bonds and 4s with varied maturities and yields. Entries cover Northern Pacific, Great Northern, Pennsylvania, Union Pacific, Chesapeake and Ohio, and others, noting 4s, 5s, and mixed issues along with prices and percent yields across years 1900s to 1960s. The document reads like a market ledger with numerous serials, company names, and price quotes.
Equipment Issues Mark Markets Across New York and Boston
Yesterday's totals show New York sales at 271 700 shares and Boston at 11 657. Steel led as the most active issue in both cities with 43 200 and 1503 shares respectively. The year to date totals reach 2 801 700 in New York and 164 965 in Boston, versus last year's 3 474 000 and 301 222. Major moves include United Cigar up and Texas Co. down in New York, Ahmeek up in Boston, and Boston & Maine slipping. Call money ranged 2 1 4 to 2 1 2 percent in New York and 4 to 5 percent in Boston. time money was 4 to 4 3 4 in New York and 4 3 4 to 5 1 2 in Boston.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
Boston—Steel
Ie MS Eee
Nevada
Nynh&h Tihs
St Spring
Rock Island
Rock Island Pf
Ecee
Rumely Co
St Lou & Sn Rumely Co
Studebaker
The
Texas Co
Texas Pacific
Slayers Catc
Satee
Io Asian Pacific
Union Pacific
U & Rubber
U S Steel
Utah
Union
Eenee
Low Point
Woolworth
Woolworth Pf
Sebeaas
Sedeccsseeereee - Bors
Ates
Peete
Cel Access Cocmeu
Steen Ee
Tereenteree
New York Market Sees Firm Opening After Early Pressure
Stocks held firm after an initial dip as free selling appeared in spots. Traders waited for Washington on anti trust legislation with hopes a future message could sway sentiment. Independent steel, fertilizer, petroleum, and local traction shares rose, while Texas Company faced a sharp relapse on denial of Standard Oil interest takeover.
MENTIONED IN THIS ARTICLE
New York
Washington
Financial
Standard
Texas Company
Standard Oil
New York Central
Paris
France
Europe
South America
Rock Island
Panama
Local Market Boston Sees Mild Trade Amid Rumors on Maine Central
The Boston market shows mild activity with only Boston & Maine trading in four figures. B&M rose to 64 early but closed at 50 a loss of 2 1 2 points amid unconfirmed reports of Maine Central bond exchanges and stock sales to meet note maturities. Elevated trades at 9 1 2 and light action in Burlington and New Haven offer limited bright spots as the day ends irregular.
MENTIONED IN THIS ARTICLE
Boston
Boston & Maine
Maine Central Railroad
Maine Central
Boston & Maine Railroad
Burlington
New Haven
Atlanta Football Scores Memory Relay Event
An OCR fragment references numbers 6134 2 6416 21134 2214 13514 and city acronym ATL suggesting a local athletics score or event note in Atlanta. No names, dates, or clear action are present.
Calendar for Today Payable and Meetings Notice
Anaconda Copper 75¢ Q books open National Licorice Standard Coupler annual meetings Little Schuylkill Haven National Savannah share values and schedule details appear in this brief calendar section with scattered company names and dates.
MENTIONED IN THIS ARTICLE
Little Schuylkill
Is Haven
Sulvannah
Banks Hold Annual Meetings in Boston as Consolidations Continue
Bank day in Boston shows 17 of 18 local national banks meeting for directors while the Second National Bank holds its session today. Over 16 years the city reduced national banks from 18 to 14 through consolidations and failures. Several banks join the Federal Reserve System and board changes occur across Commerce First Ward Merchants Fourth Atlantic and others.
MENTIONED IN THIS ARTICLE
Boston
Second National Bank
Norwood P. Hallowell
National Bank of Commerce
National Bank
E. V. R. Thayer
Merchants National Bank
National Shawmut
First
Merchants
National Union
Fourth Atlantic
Commerce
Webster & Atlas
Boylston
Federal Reserve System
W. Cameron Forbes
Thomas N. Perkins
First Ward
Frank N. Cook
George H. Gibby
Louis A. Ginsburg
Robert J. Gove
F. P. Gurney
Frank Huckins
J. McCarthy
L. B. McKie
Willard S. Martin
John A. Webster
George Abbot
George E. Henry
Fourth
Atlantic
Ernest B. Dane
George von IL. Meyer
The
Russell Gray
Old Boston
Robert Bacon
Timothy E. Byrnes
IF. C. Dumaine
Mutual National Bank Postpones Annual Meeting
The annual meeting of Mutual National Bank, delayed from yesterday, is rescheduled for one week later. The bank also declares a dividend of 11-4 percent, moving from 4 percent to a 6 percent basis.
MENTIONED IN THIS ARTICLE
Mutual National Bank
Exchange Trust Co. seeks bids for short term loan
Exchange Trust Co of Middlesex county Mass invites bids by 10 a m Jan 20 for a temporary loan of 100000 dollars maturing November 6 1914.
MENTIONED IN THIS ARTICLE
Middlesex County
Mass
Also Mentioned on This Page
Kidder, Peabody & Co
Devonshire St
Wall Street
Foreign Exchange
Letters of Credit
Baring Brothers & Co., Ltd
London
United States Treasury
United States
Puget Sound Traction, Light & Power Co
Massachusetts Corporation
State of Washington
Yain
Webster
G. D. Milne
Stock Exchange
Gov
Ori&p
Norf & W
Broa & Co.cus
Coal & Coke
Oo Seuns Bose
Nort Pacific
Novant
Nyc
Ieee Penn
Hide & L
Norf&Wevt
Arn
Del
CRIEP
Bin
Crete Sresy
Rig St ii
M&s
Erie
St Lim& Sriv
Gulf Se
At&s
Georgia
Alabai Beach
Nak Ps
Bait “Oo
Gabaid
Seab Air Line
G Bay &W
I Seceo Ee
UBM
Spa
Ind
Iowa
Pitts
jIndiana Steel
E&w
Td MP Sic
So Pacific
Beth Steel
Aig Reas
SCAR
Bet Steel Rg
Mobile & O
Beiwacs
Ceca
Aua
Ra Central
Cal Gas
Elec
Clinch
Cen Lestiner
Beg Kings
Lak
Ott & Me
Chea & O
Ligzi
Cen Pacifici
Gol
Milw Gas
Nati
Idle
Yea En Sks Paints
Texas & Okla
Rn & P
Ulster & de Sae
Union Pac
Wetewe
US Realty
P Gail
Mile& St P
Mil & St Peyt
Puget
NSH& Eve
TYNH
West Electric
West Maryld P-c MN
Bocce
St P
West Union - Ats &P
Fediv
Wisconsin
San An&a Pa
Seee Oz
Seenee S
Ips Ccuik
Minneapolis
Pea City
Detroit
SAP
Liverpool
Jan Mer
Prey A
Prey
High
Lew
Close
Boote
American Can Company
Ken Price
New York Market
Alaska
Am Smelt& R
Am Smelt & R Pf
Steel Fury
At&sf
At& SI
Atc Aerh
Baldwin Loco Pf
East Ohio
Beth Steel Pi i
Bklyn
Cal Pet Corp Pt
Can Pacific
Cage J 1 Co Pt
Ches Ohio
Ad Deere & Co
Goseres
Helme
Pt. F
Goodrich
Int Harvester
Kan
Lehigh Valley
Liggett & Meyer
Lorillard Co
Boston Stocks
Janigh Low
At&t
West End
West T & T Is. OR
Alaska Gold
Allouez
Tel & Rei
Bos
Bos & Albany
Massachusetts
Montgomery Ward Warehouse Associates
Montgomery, Ward & Co., Inc
Congress Street
Jackson & Curtis
Exchange Place
New York, N. Y
Franklin
Granby
Greene Can
Indiana
Island Creek
Isle Royale
Kerr Lake
Lake Copper
Maine Centra
Mason Valley
Mass Gas
Mass Gas Pf
McElwain
Shannon Eeeneeee
Shattuck-Ariz “i
Superior Cop
Bhg
Sup & Bos
Swift & Co
Jose Une
Tamarack
Torrin
U S
UN Steel Eeetlevse
US Steel Pf
Utah Cop Co
Calaveras
Brit Am Ree
Aeains
Bos & Mont
ASZ
Ely Consol
Goldfield Consol
Aloni
MecKinley-Dar
UN Cig
Money Markets
National Licorice Standard & Coupler P
P. S.W. Straus & Co
Straus
One Wall ST
Spitzer, Rorick & CO
Smanacense
Toledo
H. C. Gibbs & Co
State Street
the Exchange Trust Company
John Q. A. Brackett
Eugene Breymann
Henry N. Clark
John B. Dore
Herbert S. Frost
James G. Hickey
Donald Mackay Hill
Charles H. Innes
Francis H. Johnson
Charles S. Judkins
Issac H. Locke
Charles Bogue
John J. Martin
William E. Martin
Johnson L. Walker
Henry W. Patterson
Charles F. Proctor
Broad Street
N. Y
Missouri Pacific
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