Estimates of new gold credit impact on bank lending
Financial editor notes wide variance in potential bank loans from 10 million dollars in gold received abroad. Banks suggest 2 to 3.5 dollars of credit per dollar of gold, while a federal reserve view is far lower. Observes current market weakness, bullish chatter, and trader psychology amid shifting credit expectations.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank
Where to Deposit Your Savings in Massachusetts Banks
Money deposited in several Massachusetts institutions earns interest from specified dates. Banks listed include Andover Savings Bank Andover Jone Savings Bank Brighton Five Cents Savings Bank Brookline Savings Bank Melrose Savings Bank Boston Five Cents Savings Bank Columbus Savings Bank Franklin Savings Bank Home Savings Bank Medford Savings Bank Suffolk Savings Bank Waltham Savings Bank and Warren Institution for Savings with respective start dates in March and April.
MENTIONED IN THIS ARTICLE
Massachusetts
Andover Savings Bank
Andover
Jone Savings Bank
Brighton Five Cents Savings Bank
Brookline Savings Bank
Melrose Savings Bank
Melrose
Boston Five Cents Savings Bank
Columbus Savings Bank
Boston
Franklin Savings Bank
Home Savings Bank
Medford Savings Bank
Call Money Weakens Market in Mixed Trading
Market notes a weak call money shift from 8 to 12 percent amid an otherwise strong but erratic day. Copper, Orpheum, and Pariah shares led gains alongside higher morning prices in Boston and New York while analysts weigh a broad market pause after a steep recent rise.
MENTIONED IN THIS ARTICLE
New York
Boston
Steel
Orpheum
Call
San Francisco
Big City
Carson Hill
Simms
Elder
Parish & Bingham
Bosch
Railway earnings and shawmutt steamship surplus reported
The report covers surplus earnings of Shawmut Steamship Co totaling 177,906 in January after taxes, depreciation and dividends with a two month surplus of 353,053 and March 1 total 1,510,890. Southern Railway February gross earnings 11,479,475 with net 520,145. Draper Corp earned 17.7 a share and Columbia Gas & Electric showed 6.51 a share surplus after charges and taxes.
MENTIONED IN THIS ARTICLE
Shawmut Steamship Company
William H. Randall
Southern Railway
Draper Corporation
Columbia Gas & Electric Company
Boston and New York Banking Clearings Snapshot
The record compiles bank clearings and sub-treasury credits for Boston and New York, showing a large negative balance of 44,677,724 and various figures including 389, BOB 606,102/421 and -9,870 with unclear annotations.
MENTIONED IN THIS ARTICLE
Boston Bank Clearings
Boston
Sub-Treasury Credit
New York Bank Clearings
New York Sub-Treasury Credit
Bob
Trust Companies Deposits Draw Interest On Set Dates
Savings deposits in various trust and savings firms list interest onset dates including Charlestown Trust Co. and Commonwealth Trust Co. on April 1 Boston basedCosmopolitan and Federal Trusts on late March to early April Fidelity Hanover and Daily Hub Trusts on March 31 to April 1 Somerville Melrose and Fitchburg Banks set April starts with Somerville and Highland Trust on April 1 Boston firms report interest accrual dates for customers.
MENTIONED IN THIS ARTICLE
Charlestown Trust Co
Charles’n
Commonwealth Trust Co
Boston
Cosmopolitan Trust Co
Federal Trust Co
Fidelity Trust Co
Hanover Trust Co
Daily Hub Trust Co
Boston Trust Co
United States Trust Co
Fitchburg Bank & Trust Co
Melrose Ust Co
Melrose
Highland Trust Co
Somerville
Somerville Trust Co
National Banks in Boston and Waterman Market Apt
National banks in Boston and Waterman region noted in the April issue include Boylston National Bank in Boston and Union Market National Bank in Waterman. The brief item lists financial institutions and their locations as part of a regional banking update.
MENTIONED IN THIS ARTICLE
National Banks Boylston National Bank
Boston
Union Market
Nat'l Bank
Water
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Rockwood & Company
Guaranty Trust Company
Wallace T. Jones
United States
Washington, Park and Waverly Avenues
Brooklyn
N. Y
Sherman & Sterling, Esqs
Herman Goldmann
Esq
Messrs. Ernst & Ernst
Frederick Eugene Reeve
Certified Public Accountants
Congress
Cedar Street
New York City
Third National Bank Bldg
Springfield, Mass
Weybosset Street
Providence
Philadelphia
Exchange Street
Portland
Financial Editor
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Durant
General Motors
Boston Stock Exchange
John T. Connor Company
Avnaconda
Anaconda
Internal Revenue Department
Washington
Anacorda
Inspiration
Kennecott
Porphyry
First National Bank
California Petroleum Annual
California Petroleum Corporation
New Local Steamship Line
New England Maritime Corporation
North Atlantic & Western Steamship Company
Panama Canal
Los Angeles
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Chicago Grain Market
Pere
Peer
Gadheess
Tel
WY. Gs
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CM & St P Pf
Chi Pney
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Chic & Nwest
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den & Rio G
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Goodrich
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Eeree
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Phila Co Settee
JOR
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US Steel
Remington Typ
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Epub Motor T
Roy Dutch N Y
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Ing
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N J
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Cere
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Wilson Co
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Am Woolen Pf
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Bigheart
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Root & van D
Seneca Ee
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St Mary's M Ld
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Simms Mag Stewar
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U Rug
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Cosden
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Trust Companies
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Canada Bond Corporation, Limited
Retize, Cleveland & Co
Broadway
Actna Explosives Eee
Aeeusee
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Sapulpa
acNamara
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Tonopah Divide
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West End
OLD Colony Woolen CO
Earnest E. Smith & CQ
New England Securities
Devonshire St