Federal Trust Company Statement of Reserve Holdings
In a sworn statement dated January 22, 1914 the officers and directors of the Federal Trust Company certify the reserve composition over the last thirty days. The report lists currency and specie 8.37 percent, deposits in reserve banks 9.85 percent, and Massachusetts and Suffolk bonds 2.59 percent each, with signatories Merrill O Neil Kenney Emerson Morrisson Gibbs Carlin Nawn Burnett. Notary James E Farrell attested the oath.
MENTIONED IN THIS ARTICLE
Ata Aa Boeing
Massachusetts
Dividend Notice From Galveston Houston Electric Company
Preferred and common dividends declared with March payable date and record at close. transfer agents listed for the Galveston Houston Electric Company in Texas.
MENTIONED IN THIS ARTICLE
Galveston-Houston Electric Company
Galveston and Houston, Texas
State 44 per cent bonds lead New York market
The bond market featured the new issue of State 44 per cent bonds with prices rising in early trading. New Haven convertibles of 1948 drew demand while Seaboard Air Line and Railway adjustments stayed active. Third 5s remained firm as bond transactions totaled about 5.9 million dollars in a week, with January 1 totals compared to the prior year.
MENTIONED IN THIS ARTICLE
New Haven
Seaboard Air Line
Market Advances Despite Slower Activity and Rumored Dividend Cut
The report notes continued market advances amid reduced activity with steel leading volume. Call money sits near 2 percent in New York and 3 percent in Boston, while time money ranges from 2.25 to 4.5 percent. Key movers include Virginia Iron Coal & Coke, Concord & Montreal, and Boston & Maine, with notable gains and losses listed for both markets. Total shares traded show New York and Boston activity, and rumors of a July dividend cut for Boston Elevated are mentioned.
MENTIONED IN THIS ARTICLE
Boston
New York
Steel
Alaska Gold
Virginia Iron, Coal & Coke
Canadian Pacific
Concord
Montreal
Maine
New York Market Posts Broad Upturn As Prices Rally
Near term trading saw stocks and bonds rise to new highs of the movement with some gains over two points. Southern Pacific neared par while Atchison topped 100, as professional and outside buyers pushed the market despite some profit taking and heavy dips in Canadian Pacific and Union Pacific.
MENTIONED IN THIS ARTICLE
New York
Southern Pacific
Atchison
Canadian Pacific
Union Pacific
Wilson
Bears
Financial District
Shorts
United States Steel
United States
Local Market Inching Up Amid Moderate Follow Through
Boston traders closed a day of mixed activity with bulls pushing prices higher in late trading. Copper group leaders Amalgamated Granby Calumet & Arizona and Hancock outperformed while East Boston Land Massachusetts Electric and Boston Elevated posted gains. A rumor of a dividend cut for Boston Elevated circulated as prices rose modestly on light volume.
MENTIONED IN THIS ARTICLE
Boston
Amalgamated
North Butter
Granby
Calumet & Arizona
Hancock
East Boston Land
Massachusetts Electric Preferred
Boston Elevated
Multiple Companies Declares Regular Stock Dividends
The list shows several firms announcing regular or semi annual stock dividends with payable dates and record dates. Finlay Acker Company 11 2 percent on preferred stock payable February 1. Lackawanna Steel 13 4 percent on preferred stock payable March 2. A MacDonald Company Ltd regular stock payable January 31. Monongahela Valley Traction 21 2 percent on preferred stock payable February 1. Pittsburg Dry Goods 31 2 percent on preferred and 5 percent on common payable January 1. Ohio Traction quarterly 11 4 percent on preferred stock payable February 1. Pepperell Manufacturing semi annual 6 per share payable February 2. Diamond Match quarterly 11 2 percent and extra 1 percent payable March 16.
MENTIONED IN THIS ARTICLE
Finlay Acker Company
Lackawanna Steel Company
A. MacDonald Company, Ltd
Monongahela Valley Traction Company
Pittsburg Dry Goods Company
Ohio Traction Company
Pepperell Manufacturing Company
Diamond Match Company
Idle Car Surplus Climbs Amid Market Shifts and Cash Inflow
The American Railway Association cites a January 1 idle car surplus of 214,889, up 26,000 in two weeks, while New York bond syndicate profits hover around 1 percent on a $51 million deal. Boston Elevated dividends may rise to 5 percent, with yields compared for Brooklyn Rapid Transit. Banks accumulate nearly $17 million in cash as call money rates fall. lenders eye surplus reserves for the season.
MENTIONED IN THIS ARTICLE
State of
Massachusetts
Sara Ik
Ole Egies Syndicate
Bate
Iccesshaees i
Buas Consreiere Nce A
Ieee
Fey Cpey Danks
Occ Ee Nies
Ee Ae Soho
O'S
The
American Railway Association
Kuhn, Loeb & Co
William A. Read & Co
New York State
Boston Elevated Company
Boston News Bureau
Boston Elevated
Brooklyn Rapid Transit
New York
Paris
Optimists Clash With Pessimists Over Stock Market Gains
A cautious observer notes this week’s market resilience with Steel up 2 points since Monday while Union Pacific climbs 27 8, Reading 2, and Amalgamated 17 8. Trading volume totals show Steel 438 000, Union Pacific 194 000, Reading 65 000, Amalgamated 128 000 shares.
MENTIONED IN THIS ARTICLE
Steel
Union Pacific
Reading
Amalgamated
Union Preffic
Business expansion seen but uneven across sectors
R G Dun & Co Weekly Review notes continued overall expansion in general business with mixed advices from leading centers. Iron and steel show strengthening turning point, copper demand rises prices, dry goods busy, wool in broad demand, footwear still quiet, and tailoring up in the United States and Canada compared to last year.
MENTIONED IN THIS ARTICLE
New York
R. G. Dun & Co
Review of Trade
United States
Canada
National City Bank to join federal reserve system
New York January 23. The National City Bank the country’s largest institution likely will enter the federal reserve system under the new currency law officials said. Rumors of a merger with the Corn Exchange Bank were dismissed as unlikely while Vanderlip in Paris with James Stillman delays official comment.
MENTIONED IN THIS ARTICLE
New York
National City Bank
Corn Exchange Bank
Frank A. Vanderlip
City Bank
Paris
James Stillman
Bond market notes on New Bedford and Northampton bids
New Bedford invites bids on bonds totaling 554000 for street widening and municipal loans with annual redemptions through 1983. Northampton seeks an 80000 temporary loan to mature in October 1914. Pacific Telephone 5 percent bonds have sold. European bankers warn of higher yields on American bonds due to new tax law and disclosure rules.
MENTIONED IN THIS ARTICLE
New Bedford
Mass
Union
Northampton
Mags
A. B. Leach & Co
Swiss Bankverein
Europe
Metal markets update from New York exchange
Copper steady on the New York Metal Exchange with spot to April at 14.5 offered and 14.62 to 14.65. tin ranges from 8.12 to 8.87 with monthly spreads. lead and spelter quiet with modest 4.05 to 5.80 ranges. antimony listed by Cookson's at 7.30 to 7.40. iron quoted irregularly at No 1 Southern 14.75 to 15.25.
MENTIONED IN THIS ARTICLE
AT & T
Alaska
Algomah
Allouez
Ag Chem
Tel & Bes
Woolen Pf
Arizona
Gulf
Bosc & Mel
Bos
Bos & Albany
Bos& Maine
Bos & Maine Pf
Butte
Cal & Arizona
Cal& Hecla
Conn & Pass
Daly West
East Boston
East Butte
Enison
Greene
Hancock
Helvetia
Ign
Inspiration
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Island Creek
Isle Royale
Kerr Lake
Keweenaw
Mason Valley
McElwain
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Mergenthaler
Nevada
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Nipissing
North Butte
Old Colony
Old Dominion
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Hole
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Ewe
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Ies
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Wolverine
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S&f
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Atc Line
Beklwin Locoto
Ohio
Peth Steel
Beth Steel
Bklyn R T Oe
Bklyn A Gas
Ato Cal Pet Corp of
Cal Pet Corp
Can Pacific
Case J I Co
Cen Leather
Cen
Chex & Ohio
Deere & Co Pf
Erie
Goodrich
A Corp Bes
Kan
Kayser J
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New York Metal Exchange
Cookson
Bond market optimism cited by Baker Ayling partner
Charles L Ayling of Baker Ayling and Co reports a bright bond outlook noting a quadruple rise in business. He cites strong demand from New England buyers for high grade issues and vanishing timidity among investors. The Boston Wharf Company posts 1913 profit of 350 009 against 360 836 in 1912 and 325 388 in 1911.
MENTIONED IN THIS ARTICLE
Charles L. Ayling
Baker, Ayling & Co
New England
Boston Wharf Company
Miss Eleanor Crocker Engagement Announced
Miss Eleanor Crocker and Edward M. Howland Harvard ’06 announced their engagement last night. The photo credit goes to Purdy.
MENTIONED IN THIS ARTICLE
Eleanor Crocker
Edward M. Howland
Harvard
Purdy
Crocker Howland Engagement Linked to Back Bay Society
Announcement of Miss Eleanor Crocker daughter of Mr and Mrs George A Crocker of 3878 Marlboro Street engaging Edward M Howland Harvard class of 1906. Crocker prominent Back Bay figure. Howland a salesman living with his mother at 46 Eliot Street Jamaica Plain. No wedding date yet but likely in spring.
MENTIONED IN THIS ARTICLE
Eleanor Crocker
George A. Crocker
Marlboro Street
Edward M. Howland
Harvard
Miss Crocker
Back Bay
Howland
Congress Street
Eliot Street
Jamaica Plain
Tweedy Silk Mills grant 10 percent wage increase and profits
Webster January 23. The Tweedy Silk Mills Inc of Danbury has granted 1000 mill workers a voluntary 10 percent wage raise and a pro rata share of the company earnings each year. Profit distribution will occur after the corporation's fiscal year ends in December.
MENTIONED IN THIS ARTICLE
Webster
Tweedy Silk Mills, Inc
Danbury
Bradstreet's Review Indicates Improving Economic Tone
Bradstreet's notes sentiment in finance, industry, and commerce is firmer than a week or month earlier. The presidential message appears to have cleared economic air. iron and steel demand rises. dry goods and woolen fabrics show spring and fall activity. bank clearings total 3.58 billion with a 1.8 percent year over year drop, while outside New York they rise 1.5 percent. Wheat and flour exports reach 3,881,823 bushels with corn at 64,908. Overall Canada trade improves and manufacturers resume larger output.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
Tacoma
Canada
Panther Attacks Pitcher in Sardis Encounter
Desperate fight ends when Willie Mitchell of the Naps shoots a panther near his Sardis Mississippi camp. After four shots the animal collapses and dies despite initial charges and injuries. Mitchell narrowly escapes a hand to hand struggle.
MENTIONED IN THIS ARTICLE
Willie Mitchell
Naps
Sardis
Miss
Mitchell
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