Federal Reserve Acts to Check Credit Expansion
The Fed raises rediscount rates marking a first step toward deflation. The 15 day commercial paper rate is set at four and three quarters percent, while notes secured by government obligations rise to four and a half percent except existing four and a quarter percent Treasury certificates. Banks expect a reduced rediscount volume as New York and other reserve banks follow suit, with potential further increases if needed.
MENTIONED IN THIS ARTICLE
Federal Reserve
Treasury
Central Reserve Institutions
New York Federal Reserve Bank
Cities Fuel & Power offers 7.3 percent 3 year notes
A syndicate led by Henry L. Doherty & Co offers 7.5 million dollars of Cities Fuel & Power Company three year sinking fund secured notes dated Nov 1 1919. Notes guaranteed by Cities Service Company with collateral earnings more than two and a half times interest. Sinking fund 1 percent monthly retirement beginning May 1 1920. Refunding 7.259 million of prior 10 million issue from Dec 1 1917. Offered at 96 1/2 to yield 7.3 percent.
MENTIONED IN THIS ARTICLE
Henry L. Doherty & Co
Wall Street
New York
Cities Fuel & Power Company
Cities Service Company
Federal Reserve Rediscount Rates Set for November 4
The central bank announces new discount rates effective Nov 4 for various note categories. Commercial notes with 15 days or less to run receive the stated rate, while notes 16 to 90 days to run carry another, and agricultural notes and trade acceptances have specified percentages. The changes affect member banks and their collateral notes secured by eligible paper.
MENTIONED IN THIS ARTICLE
Liberty Loan
Victory Notes
Cece Esc Ctwewas Eigeneo l
Fire Department receives $100 donation from Gillette Company
Fire Commissioner Murphy announced a $100 check from the Gillette Safety Razor Company of South Boston to be deposited in the Boston Firemen's Relief Fund. Captain Edwin I. Richardson of Engine 15 forwarded the gift after the quick response to a fire at the Gillette storehouse, 80 Granite Street, South Boston, early Oct 31.
MENTIONED IN THIS ARTICLE
Murphy
Gillette Safety Razor Company
South Boston
Boston Fire Department
Gillette Company
Granite Street
Edwin I. Richardson
Bristol Street
South End
Poulet Arrives at Constantinople in Australia Flight
French aviator Lieutenant Eti enne Poulet reached the San Stefano airfield near Constantinople on Friday on his Paris to Melbourne flight. He had departed Saloniki for the latest leg of the journey.
MENTIONED IN THIS ARTICLE
Constantinople
Havas
Etienne Poulet
San Stefano
Paris
Melbourne
Australia
Saloniki
Hecla Drill Core Returns $54.30 Gold Value Near Klondyke Area
Geo W Allen reports Hecla Divide Mining drill core from the Hecla ground shows $54.30 in gold at 360 feet. The mine lies between Gold Mountain and Klondyke with veins extending through Eureka Calumet Liberty Yankee Airedale and St Patrick in the district. Rich ore is evident in Gold Mountain and the Klondyke areas.
MENTIONED IN THIS ARTICLE
Hecla Mining Company
Geo. W. Allen
Hecla Divide Mining Company
Gold Mountain
Klondyke
Eureka
Albany
Airedale
Calumet
Liberty
Yankee
St. Patrick
Hecla
Also Mentioned on This Page
United States
Kidder, Peabody & Co
Wall St
Devonshire St. Boston
Financial Editor
The
REW
Earnest E. Smith & CO
Devonshire St
Boston
Mass
New England Securities
New York and
E. M. Fuller & Co
Consolidated Stock Exch
Hornblower & Weeks
Congress St
New York Providence
Chicago
Detroit
Portland
WAR Finance Corp
Poulet
Texas Oil
Texas Oil Underwriters
Burton Building
Fort Worth
Texas
Destroyer Reid
Governor Coolidge
Charlestown Navy Yard
Reid
Daniels
Somech
Fore River
New England
Boston, Mass
Springfield
Providence
Philadelphia
First National Bank
Buenos Aires
Argentina
Spencer Trask & Co
Gotham Hotels
Mum
James H. Vahey
John P. Feeney
Mutual Divide Mining Co
Mutual
Security Transfer & Registrar Co. of
George L. Ware & CO
Congress Street
Telephone
Alex. J. Sherer & CO
Boylston Bt
Suite
Beach
the Wall Street Journal
Pocasset Mfg. CO
Nashawena Mills
Canada
R. E. Seamans Co., Inc
Houston B. Teehee
Imperial Saven Metals Verde Mines
Albert S. Lecount & CO
Backancs
National Atlantic Petroleum Co
Burkburnett Field
Burk Waggoner
Court Street
Brooklyn
N. Y
Republic
Broad St
F. T. Clee & Co
State St
Fort Hill
Worthington
Kingwood Oil
George Leland & Co
BAY State Film
LOW
Woodfords
Consolidated Silvers, Inc
Silverton Group of 3
Arizona Silver Mines CO
Arizona Silver
Silver Reef Minesco
Arizona
Silver Reef Company
Mitchel Production Co
Desdemona
Mitchel No. 1
Coleman
Telegraph
Oklahoma
Mid-West Oil News
Mitchel Production Company
Southwest Securities CO
Scarritt Building
Kansas City
Missouri
Berlin
Harvard Fund
Harvard Endowment Fund
Buster
Outside
Dail
Bonanza
Longyear
Hugh Boyle
Tom Dorsey
Nevada
Elftman
George W. Allen
William Foreman
Chas. R. Evans
John Barrier
Jack Shepherd
Boston Curb Exchange
John E. Allen & Company
Devonshire Street
Divide
Tonopah
John E. Allen & CO
OF Verde
Stock Exchange
J.D. Lowe & CO
Bankers
State Street
Finance Publication CO
Church St
New York City
A. F. Dow & CO
Investment Securities
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