Financial department analyzes money supply and stock markets
The column argues that abundant money drives bull markets and cheap credit fuels investment prices while tight money caps them. It traces history from 1902 to 1915 showing reserves to deposits ratios and stock price cycles, linking liquidity to market booms and busts and noting a recent upturn as money expands.
MENTIONED IN THIS ARTICLE
Comptroller
Bond Market Summary and Transactions in New York
The bond market report notes government bond closings and a wide range of corporate issues with prices and yields. It lists Rio Tinto Northeastern Pacific lines, readjusted values for Erie, Reading, Republic, and various utility and industrial bonds, and reports total sales of 3.503 million dollars versus prior totals.
MENTIONED IN THIS ARTICLE
Pan
Stock Exchange
U . Re
North Pacific
Eevee Oo
Erie Prior Ag
Cuba
Gallien
Orwrre& Ay
Nyc
Erie-Penn
Pacific T & T
Les Sic
BO i Hudson Co Gas
Hud’ & Ay A
Sis
Hud & Man
Adj Ae
Chicago
Peoria & E
Ll Steel
Pitts C C& St Duce Steel
Pitts C C & St L Sp
AOE Boers Publc
Nps
Ray Con Cop
Sacom Reacne
Reading
Foe Boeers Republic Taste
Rio West Ist
St Les
Boston Stocks Report May 4 Prices and Bonds
Boston May 4. The high low and last prices of securities on the Boston Stock Exchange are listed with comparisons to the previous close. Bond prices and related figures accompany the report.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Alaska
Smelt &I
Steel Bayee
Tel & Cable
Tel & Tel
Seaes
At&sf
AT & SF
Beth Steel
Beth Steel Pf
Bklyn
Cal Pet Corp
Can Pacific
Cen Leather
Cen Leet Vt
Ches
Chi RI & P Ry
China Co
Ae Peb
Y Abe
Col South
Crucible Steel
Erie
G'drich B Co
Keyser J & If
Boston
Boston Stock Exchange
Harbor Notes and Steamship Traffic Update
The lighthouse department moves main channel buoy around May 15 and discontinues several buoys while establishing a new entrance light to Winthrop. ships Calvin Austin Yarmouth Prince George Lord Sefton and others sail or overhaul as crews move vessels and cargoes through Maine and Canada ports.
MENTIONED IN THIS ARTICLE
Haddock
Twr
Ossa
Promas
Santos
Lighthouse Department
Winthrop
Calvin Austin
St. John
Yarmouth
Prince George
Maine
Canada
Nova Scotia
Lord Sefton
Cunard Line
Leo
Manchester
England
Brown, Lorimer & Co. Advertise Wall Street Deals
Wall St. prosperity pitch promises the greatest prosperity yet and urges action to share in it. The firm offers to buy and sell stocks and bonds in all markets for cash margin or on a partial payment plan with 6 percent interest on deposits. Address 418 Exchange Building 53 State Street Boston.
MENTIONED IN THIS ARTICLE
Wall St
Wall Street
Brown, Lorimer & CO
Exchange Building
State Street
Boston
Will Sell Norcross Brothers Preferred Stock
J S Orler & Company announces an offer to sell Norcross Brothers preferred stock and to buy Birmingham Ensley and Bessemer first 5s. The Boston based firm lists 201 Devonshire Street and Fort Hill 5260 5261 as contact numbers.
MENTIONED IN THIS ARTICLE
Norcross Brothers
Birmingham, Ensley & Bessemer
J. S. Orler & Company, Inc
Devonshire Street
Boston
Mass
Fort Hill
Banking Strength Grows Amid Federal Reserve Era
The Comptroller of the Currency uses the reserves to deposits ratio rather than cash to loans to gauge banks. With the federal reserve system and elastic currency, plus the United States as a creditor nation, the outlook for business appears brighter than in over a decade.
MENTIONED IN THIS ARTICLE
Federal Reserve System
United States
Merchants National Buys Winthrop National Bank
Merchants National announces acquisition of Winthrop National Bank for about 320 per share total value near 1 million. Bank deposits rise to ~49 million with 0 transfers, officers mostly exit except cashier Charles R Ramsay who joins Merchants. Boston banks drop to 15 nationally.
MENTIONED IN THIS ARTICLE
Merchants National
Winthrop National Bank
Winthrop National
Winthrop
Charles R Ramsay
National Bank of Commerce
State National
First Ward National
Columbia Trust Company
Boston
Haphazard Helen Returns for More Movie Stunts
Hollywood star Haphazard Helen performs new daring maneuvers in a Sunday Post feature, showcasing risky misdirections and stunt work. The piece highlights her bold approach to action sequences and public appeal.
MENTIONED IN THIS ARTICLE
Helen
Next Sunday Post
Markets Firm and Quite Active
Westinghouse regains leadership with U S Steel close behind. Boston activity led by Butte & Superior and American Zinc as traders push totals. Willys-Overland gains, Boston & Maine features, and shifts in Boston and New York lists marked by notable price moves.
MENTIONED IN THIS ARTICLE
Westinghouse
U. S. Steel
Crucible Steel
Boston
Butte & Superior
American Zinc
Boston & Maine
New York
Willys-Overland
Inter
Boston & Maine Pref
Market Mixed as Stocks Falter Then Recover in New York Trading
May 4 New York. The session shows uncertain undercurrent with renewed selling subsiding. Pressed Steel Car sinks over six points early but recovers. Westinghouse Electric holds firmer and jumps five on active trading. Copper shares remain strong. U S Steel climbs after early weakness. major rails and Studebaker gain or hold, though the latter yields after its dividend news. Bond market uneven. Pennsylvania railroad 4 1/2s sold to a bankers' syndicate for 65 million dollars for refunding. Total stock volume 638000 shares.
MENTIONED IN THIS ARTICLE
New York
Westinghouse Electric
United States Steel
Canadian Pacific
Union Pacific
St. Paul
Lehigh Valley
New Haven
Rock Island
Studebaker
Bankers’ Syndicate
Pennsylvania Railroad
Boston Market Reacts As Copper and Zinc Stocks Rally
The Boston market recovered after a sharp reaction, led by gains in zinc and copper stocks. Butte & Superior rose to 68 from 64, American Zinc up to 48.5, United Shoe fell below 59 on Attorney General dissolution appeal news. St Marys Mineral Land paid Hancock 60000 toward a 30000 assessment, with implications for interest. Copper exports from New York for April fell to 16822 tons from 29848, while Lake Superior April copper production is estimated at 20000000.
MENTIONED IN THIS ARTICLE
Gulf
Ahmeek
Alaska
Algomah
Allouez
Amalgamated
Pneu P Es
ALS
Tel & Tel
Woolen Pf
Arizona
Gulf Phone
Onanza
Bos & Albany
Bos & Maine
Bos & Maine Pf
Bos Eleva
Butte & Supeevee
Cal & Ga
Cal & A
Centennial
East Boston Il
East Butte
Edison
Isle Royale
Kerr Lake
Keweenaw
Lake Copper
la Salle
Maine Central
Mason Valley
Miami
Michigan
Nevada
Pison
Nin
North Butte
Cae
North Lake
Old Colony
Jon
Old Dominion
Osceola
Pullman Co
Sup & Bos
Superior
UN Shoe
Smelt P
Utah Apex
Utah Consol
Utah Cop Wee
Victoria
West End
West End of
Western Union
Wolverine
Wyandot
Boston
New York
Butte & Superior
Boston & Maine
United Shoe
St. Mary’s Mineral Land Company
Hancock
St. Mary’s Treasury
St. Mary's
Lake Superior
Studebaker Declares 11 4 Percent Quarterly Dividend
Studebaker announces an initial quarterly dividend of 11 4 percent on common stock with a $5 dividend basis. Unwatering of La Salle has begun and mining is expected to resume in three weeks. April gross earnings for Massachusetts Electric fell by 17 700 dollars, a 212 percent drop.
MENTIONED IN THIS ARTICLE
Studebaker Corporation
la Salle
Massachusetts Electric
Money market quotations in brief
Today’s quotes show brokers call loans at 3 percent for customers and outside loans at 3 percent. Commercial loans range from 4 to 6 percent, collateral loans from 4.4 to 6 percent, commercial paper at 3 to 4 percent, and year money at 4.4 percent.
Shipping Notes Arrived and Sailed From Various Ports
Shipping news lists steamers and tugs arriving at Gloucester and Portland along with towed barges and schooners. Vessels include Nicholas Cuneo Hanson Cananova and many others bound for Philadelphia Bangor Castine and Castine areas, with multiple tows and coastwise movements.
MENTIONED IN THIS ARTICLE
Nicholas Cuneo
Hanson
Cananova
Cuba
Dorothy
Jensen
Boca Grande
Fla
Bay State
Strout
Portland
Lamden
Brown
Bangor
City of Gloucester
Linneken
Gloucester
Gwalia
Johnson
Sewalls Point
Providence
Tenn
Boston
Cassie
Nellie
Swimm
O. Co
Orion
Breckenridge
Rockland
McNeeley
Helen Eeco
Portsmouth
Swatara
Phillips
Philadelphia
Cleona
Molino
Searswort
Poconson
Castine
Giant
New London
Prudence
Walls
Norfolk
Henry Endicott
Badger
B. L. Pillsbury
Lynn
Charles F
Neptune
Boylston
Searsport
Thomas J. Scully
Lamberts Point
Solitaire
C. F. Sargent
W. Babcock
Fred F. Richards
New York
Bucksport
Bristol
John J. Perry
Fall River
McNichol
Clarks Harbor
Alice S. Wentworth
Biddeford
Bar Harbor
Crescent
Maitland
Electric Light
Lockport
N. S
Jennie A. Stubbs
John
N. B
Little Elsie
Littl Ruth
Woods Harbor
Neva
Liverpool
Onward
Port Wade
Reliance
Storm Petrel
Northeast Harbor
Mevaldare
Digby
Bear River
William Keene
Supposed
Also Mentioned on This Page
Kidder, Peabody & CO
Travellers’ Letters of Credit
Central America
Panama
West Indies
Bermuda
Credit Po
Sition
New England
the Post
Rey ‘Cot Oil
Hide & A
Ain
T&t
Joie le
Armour & Co Real Estate
AT &Sf Gal
Sosa Vee
Pitts
I Steel
Beth Bteel
Ie Pacific
Ontana Power
C & East Incon
Goss 'Q Mobile
Erie Lst
Ita
Cri&p
Hecee i & Power Pm
Nynh&h
BNF
Ee i
NYW & Bos
den & R Grig Bs
Detr & M
Essa Ae
Kan City
Laclede ‘Gas
St Louis
Loriti
Tchigan
Ec Ais
Inn ‘& St - Se
Bel T&t
Giso & Ga
Pacific
Pacific Rig
Pacific San F
Touthern .Ry
Geccas Ee Ee
Ig A Gas & E
Yo Exas Co
Exas & P
Ax & P
al ‘Ear ‘& W
L & West
Inion
West Shore
Lack Steel
Long Island
Loose-Wiles Co
Manhat
Maxwell Motor
Maxwell
Mex Pet Co
Miami Copper
Minn
Mont Power Co
Nat Biscuit
Nats & Bull
Y Ont & W
Nor & Wes
Nor Am
Nor Pac
Pacific Mail
Pac T
Pcc&sl
Pitts Coal
Quicksilver
St Spring
Rumely Co
St Lou & Sn
Sl& SF
Seab
Ry Pf
Studebaker Pf
Texas Pacific
Tenn Copper
the Texas Co
Third Ave
Twin City RT
Union Paci
Union Pac
Hero Este
West Union
Weore
Woolworth
Boston Stocks
Rie Iys
A RY Minn
Duluth
Toledo
Fortuna
Majestic
Verdé Extension
Calumet & Corbin
Juneau
Atlanta
Bay
Bohemia
Boston & Cor
Cal & Cor
Calaveras
Davis Daly
Eagle & Oe Bell
Ely
Humboldt Uit
South Lake
Stewart
Temiskaming
Eee
British American Tobacco
British Col Copper
Ae Saee
Bs Caribou Cobalt
Srown Reserve
Isa
Reene Cananea
International Salt
Kerr Zane
Manhattan ‘Transit
Mines Co of America
Nipissing
Pacific Smelting
Remington Typewriter
Riker Heeman
Tintie Union
United Cigar Stores
United
Harry E. Jacobs & Co
Devonshire St
Davison CO
Akeever Bros., Journal
Eastern Steamship Corporation
Old Colony Trust Company
Philip Stockton
Galen L. Stone
W. Perry Curtiss
New York Market
Financial News Notes
Northern New York Power Corporation
Niagara, Lockport and Ontario Power Company
Metropolitan Trust Company
New York City
Northern
New York Power Corporation
Oswego River
Syracuse
Niagara, Lockport & Ontario Power Company
Columbia Mills, Inc
Public Service Commission
Second District
State of New York
Stone & Webster Engineering Corporation
E. H. Rollins & Sons
Denver
San Francisco
Los Angeles
London
Money Markets
Boston Reserve Bank
Clearing House
New York Funds Exchanges
Rowan
Sub
Treasury
Sub-Treasury
Waterfront
T Wharf
Shipping News