Currency Reform and Aldrich Plan Outlined for Nation
An editor's note previews a forthcoming congressional currency reform. It explains the Aldrich plan for a central reserve system linking thousands of banks, with local districts and a 45 member board. The aim is elastic currency, regulated exchange, and a government backed but non competing central bank to stabilize the economy.
MENTIONED IN THIS ARTICLE
Aldrich
Reserve Association of America
Daiscount
Congress
National Monetary Commission
Monetary Commission
Money Trust
Pujo
New York
National Reserve Association of Banks
Bank of England
Bank of France
Reischbank
Central Reserve Association
Reserve
Reserve Association
Fee
The
Secretary of the Treasury
Secretary of Commerce and Labor
Currency
United States
Preserve Association
Wall Street
Market Totals and Key Movements Yesterday
Total sales in New York 443 400 shares and Boston 20 111. Reading led in New York with 59 000 shares and Am Zinc led in Boston with 3 960. Jan 1 1913 to date New York 7 115 700 and Boston 570 077. Compared with last year New York 8 570 200 and Boston 1 103 846. Notable gains Weyman Bruton Co 25 J 8 to 300 1 8 in New York and Calumet and Hecla in Boston 2 to 500 while losses include Am Beet Sugar pref 51 4 to 85 and Boston & Lowell 2 to 203. Call money New York 2 3 4 to 3 percent, Boston 3 to 3 1 2. Time money New York 3 1 2 to 4 1 4 percent, Boston 4 to 5 percent.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Weyman, Bruton Co
Calumet & Hecla
Lowell
Ate&sf
Ohio
Beth Steel
Bklyn RT
Gal Pet Corp
Can Pacific
Deere & Co Pf
Helm Co
Norp
Central
Resge CO
Lackawanna
Lehigh Valley
Ener
Wiles
Lorillard Co
Louis Nash
T St
May
Mer Marine Pf
Ligett & M
Cuba
Liggett & M
San Paulo
one eater _ geulL & N
Scion St
MIL
atlis-Chalmers
Ae i Trust Co
Hide
Armour & Corea
Aeeereererese
Eee
LH & AT &S
At & SW
Eeeraseeese
Ererese Eeeeeseeene Lpalt & O
Cvt
North Pacific
Buft Roch’ & P Pg
Ozark & C C
Cal Gas & Elec
Bs Pacific
Wrens
Vermont
Peoria
Pitts
St L
Ches & O Gnl i
Port Ry Co
Ches & O
N J
Ilton
B&q
St Lim
M&s
Cc & East Il
C & Gt West
Sail & Stip
Texas Co
Ixniva
Lon
Lon Distil
Ev & T H Con
Union Pac Cvt
Union Pac
Os Steel
Wabash Ist
Ss Ill Steel
Esses Asa' Ut
Ash Ridges
Indiana Steel Ms
lWest
Maryland
West Shore
Lwisconsin Cen
Wall Street Holds Up After Cheerful Open On Jan Day
Stocks rise with American Can leading gains as market sentiment improves on Governor Sulzer’s legislative message. Railroad prospects improve after December reports from Union Pacific Northern Pacific and Northwestern. International Harvester seen as favorable for harvest interests, bonds firm with convertible issues gaining. Total sales reach 2.6 million dollars.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Ust
Union Pacific
Northern Pacific
Northwestern
International Harvester Corporation
Harvester
Washington
Sulzer
Stock Exchange
United States
Panama
Local Market Report Sees Copper Hold Gains on Europe Hopes
The Boston market notes a slight drop in London quotes but closes with solid gains. Copper remains flat overall as Europe’s Balkan developments curb buying, with large holders at 16 1/2 cents and smaller sellers pushing concessions. Amalgamated rises to 73 1/4 cents, Isle Royale eyes a 1 dividend, and Steel, American Zinc, and Telephone rights show strength as the day closes firm.
MENTIONED IN THIS ARTICLE
Boston
London
Balkan
Europe
Amalgamated
Isle Royale
Money Markets Show No New Developments
The day’s markets had no new movements with rumors of gold shipments abroad later this week. With higher overseas rates, limited need for accommodation keeps exchange dull. If demand rises, call money may move higher. New York call money 2 3 4 to 3 percent. Time funds ranged 3 1 2 to 4, 4, and 4 to 41 4 percent for various maturities. Local money and foreign exchange rates were listed.
MENTIONED IN THIS ARTICLE
New York
Cotton Markets Open With Mixed Signals On Supply
Jan 28 market notes show subdued response to bullish cues and little selling pressure. Weather remains favorable in the South with ample moisture in the Mississippi Valley while spinners hesitate to restock, hinting at steady demand for new crop months. Also, Exchange Trust Company named transfer agent for Girard Copper and Custer Copper.
MENTIONED IN THIS ARTICLE
Mississippi Valley
The
Exchange Trust Company
Girard Copper Company
Custer Copper Company
State Street Topics Market Climb on Reform Hopes
Market activity surged yesterday with American Can leading gains as investors priced in dividends in common stock and a favorable Union Pacific December report. Steel results showed solid earnings for 1912 while Old Colony Trust announced leadership changes and Wabash-Pittsburg terminal plans moved forward. Continental Can flotation succeeded with preoffer placement and strong capitalization behind the NY listed firm.
MENTIONED IN THIS ARTICLE
Sulzer
Union Pacific
Steel
Local curb deals lift metals and copper prices in Boston
Boston curb market yesterday featured Mexican Metals Corbin Copper and Boston Ely. Mexican Metals rose from 113-16 to 23-16 then to 21-8. Corbin Copper moved from 30 to 35 cents, closing at 33 cents. Boston Ely slid from 80 to 72 cents and finished at 84 cents.
MENTIONED IN THIS ARTICLE
Corbin Copper
Boston Ely
Alaska
Bay State
Butte Central
Butte & London
Calaveras Coosee
Corbin Se Ecccen
Cortez
Eseteon Ae
Davis Daly
Eng & Mpi
Girard Saver
Goldfield Cons
Laramie Ae
Lion Hill Aeee
la Rose Oeeene
Majestic Eaeere
McKinley
Midh Utah Aeee
Nevala Doug
Oneee Eee Ewwee
Sup & Globe
South Lake
United Verde
Atlanta
Big D
MeNam
Midway
Idaho
Beaver
Buffalo
Balt
la Rose
Sioux O
Uncle
Pet Lake
Wilbert
Sil F
Gton
Massachusetts Title Insurance Co Plans Capital Change
A special meeting of the stockholders is set for January 29 to authorize a $100,000 new preferred stock issue. The plan exchanges par for par for existing notes and preferred stock and cuts common stock from $240,000 to $120,000, keeping capitalization at $120,000 common and $100,000 preferred.
MENTIONED IN THIS ARTICLE
Continental Can
Continental Can Company
Goldman, Sachs & Co
Lehman Brothers
Kleinwort, Sons & Co
Continental Can Company, Incorporated
New York
New Jersey
Export & Domestic Can Company
Standard Tin Plate Company
Canonsburg
Penn
Mass. Title Ins. CO
Massachusetts Title Insurance Company
Maine
New England
Mutual National Bank Elects New Directors at Adjourned Meeting
At yesterday's adjourned annual meeting of Mutual National Bank stockholders, directors elected include Charles H. W. Foster Alexander H. Lada Walter B. Crane George A. Crocker and John Candler Cobb Cobb replaces George W. Cobb, and the vice president and director post vacated by Edmund D. Codmen remains empty.
MENTIONED IN THIS ARTICLE
Old Colony Trust Co
David Frederick Appel
Old Colony Trust Company
Appel
New England Mutual Life Insurance Company
United Electric Securities Company
Frank M. Lamson
Stuart W. Webb
George W. Grent
L. D. Seaver
Mutual National Bank
Charles H. W. Foster
Alexander H.- Lada
Walter 8. Crane
George A. Crocker
John Candler Cobb
George W. Cobb
Edmund D. Codmen
Also Mentioned on This Page
Kidder, Peabody & CO
Devonshire Street
Executive Committee
Paris
Puget Sound Traction, Light & Power Co
Seattle Railway Co
S&1st
Chicago
Ms S
Pettis
Nor Pac
Pac T & T
People’s Gas
Pitts Coal
Ray Consol
Rock Island Ee
Rumeley Co
Seaboard Air L
Sears-Roe Pf
South Pacific
South Ry
Tenn Copper
Texas
United Cigar
US Cip& F
Utah
Ius
Ir C & O
Westinghouse
Weyman-Brut
Woolworth
West Union
Boston Stocks
Am Ag
US Steel
West T & T
Algomah Se
el & Tel
Arizona
Boston & Albany
Butte & Sup
Cal & Arizona
Cuneo P&l
Daly West Esas
East Butte Sece
Edison Elec
Fitchburg Pref
Tay
Franklin Eee General Hkilec
Es Ad Frac
Giroux Seesseae Granby
Money Markets
Ee AM
Citizenia Ale
Boston Clearings
Greene Can
Indiana
Mergenthaler
Miami Copper
Nevada
Lake
Pond Sori
Pullman
U_S do
Utah Consol
West Nd
Wolverine
Liverpool
Scara Seees
Igh
Liseseeer
State Street
Wabash
Pittsburg
Wheeling
Lake Erie
Wabash-Pittsburg Terminal Railway Company
Wheeling & Lake Erie Railroad Company
Santa Fe Gold and Copper
Santa Fe Gold & Copper Mining Company
Hornblower & Weeks
John W. Weeks
Ralph Hornblower
Henry Hornblower
James J. Phelan
James H. Wainwright
John W. Prentiss
Edward L. Geary
Henry N. Sweet
Charles T. Lovering,Jr
Andrew S. Woods
Boston & Corbin
Corbin
Consol Ariz
el Paso
Nevada Hills
United Dig
United Copper
Wettlaufer Oe
West Pac
Metal Shingle & Siding Co., Ltd
Turner, Tucker & CO
Milk Street
First Nat. Bank Bldg
Broadway
Savings Bank
E.h.rollins & Sons
Philadelphia
Denver
San Francisco
Los Angeles
Mutual National Bank Annual Meeting
Consolidated Stock Exchange of
N. Y
Broad Street
Blackstone Valley Gas and Electric Company
Pawtucket and
Woonsocket, R
Rhode Island
Blackstone Valtley Gas & Electric Company
Stone & Webster
TEKOL
King of
Riker-Jaynes
GEO. Ormsby CO
Tremont St
Monitor
Monitor Correspondence Club
Mass
Bromfield St
Somerville Chacoal CO
Linwood St
Tel
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