Wall Street Sees 15 Percent Money Market Strain
The New York money market and stock market faced renewed stringency with call loan rates around 15 percent. Banks cut deposits as cash reserves drained, prompting broad equity liquidation and weakness in Reading and other issues. Reading’s stocks rose briefly then fell. copper and steel shares also declined amid cautious trading and expectations of higher rates into next year.
MENTIONED IN THIS ARTICLE
Wall Street
Stock Exchange
New York
Boston
London
Reading
Tennessee Coal & Iron
Union Pacific
Metropolitan
Pennsylvania
Erie
Locomotive
Utah Apex leads active Boston curb market despite copper list slumps
Trading on the Boston curb market was very active led by Utah Apex as copper listings faded on the regular exchange. Buyers included Devens Head and Hornblower while Utah Development is set to join the curb list via a London bank. Utah Copper Nevada Consolidated and other issues saw varied activity with several closing figures recorded.
MENTIONED IN THIS ARTICLE
Exchange Place
Utah-Apex
Regular Stock Exchange
Devens
Head
Hornblower
Utah Development
London
Utah Copper
Nevada Consolidated
Seneeee
Arizona
Bingham
International Rotary
Junction
Senee
Lake Superior
Pittsburg
Mexico
Majestic Copper
Beasaes
Nevada
St. Mary’s
New York New Haven Hartford Rail Road Profit Analysis
J S Bache Co of New York issued a circular on the New York New Haven Hartford Rail road. It shows five year growth per mile in gross earnings at 21 percent and net income up 19 percent while charges per mile rose less than 6 percent, boosting surplus per mile by 42 percent. The survey claims the line charged operating expenses beyond adequate maintenance by 11,727,552 dollars, offsetting surplus and implying an average stock return of 41 percent for six years ending June 30.
MENTIONED IN THIS ARTICLE
Messrs. J. S. Bache & Co
New York
New York, New Haven & Hartford Railroad
New Haven
Holbrook testifies for N Y N H & H before ICC
F S Holbrook general freight agent for the New York New Haven Hartford railroad testified before the Interstate Commerce Commission in Cleveland denying discrimination in oil freight rates. He said the railroad never impeded transport of oil and that rate information was always provided to complainants. He asserted no bias toward Standard Oil and found no grounds for the complaint.
MENTIONED IN THIS ARTICLE
Cleveland, O
F. S. Holbrook
New York, New Haven & Hartford Railroad
Interstate Commerce Commission
Fred S. Clark Company
Cleveland
Waverly Oil Company
Pittsburg
Standard Oil Company
New England
Typhoon Strikes Guam with Heavy Rainfall
A severe typhoon hit Guam yesterday bringing torrential rain. Agana and Piti were inundated with substantial property damage reported. no lives were lost.
MENTIONED IN THIS ARTICLE
Guam
Agana
Piti
Wolf Kills Two Duck Hunters Near Nantasket
Walter Kelley and Benjamin Atwood shot and killed a 125 pound gray wolf after it lunged at Kelley during a duck hunt on the West’s Corner and North Cohasset area. The beast was taken to the village. Atwood agreed to mount the pelt.
MENTIONED IN THIS ARTICLE
Nantasket
Navy
Walter Kelley
Randolph House
Benjamin Atwood
Weir River
West's Corner
North Cohasset
Jerusalem Road
Kelley
Atwood
R. H. Stearns
Boston
Lion and the Mouse to take London run after Lyceum engagement
Park Theatre reports manager Henry B Harris has completed arrangements to bring The Lion and the Mouse to London as soon as the current Lyceum engagement ends. The move promises favorable conditions for the cast led by Charles Klein's play.
MENTIONED IN THIS ARTICLE
the Park Theatre
Henry B. Harris
New York
London
Lyceum Theatre
Charles Klein
New York Bonds Close Mixed on Thursday Trading
Closing prices for a wide array of bonds show mixed movement from Wednesday. Several issues firmed slightly while others slipped, with notable levels in U S Steel, Mexico Central, Cuba 5s, and major rail and utility issues across the board.
MENTIONED IN THIS ARTICLE
Nor Pac
Bal & O
N & Wc
Cen Ga
Penn c
Do Ist Inc
Ready’s
Do 2d Inc
Stl&im c
Do 3d Inc
Stl&sffg
C&a
Sea A L
C.b&q N
Seu Pac
C,ri & P
Tex Pac
T,stl&w
Col Mid
UN Pac
Col Sou
Cuba
US Steel 2d
D & RG
Wabash Ist
Erie P
West Md
Japan
Dividends Payable From Several Companies
Dividend notices list payments due from American Waltham Watch, American Graphophone, United Cigar Stores, American Railways and American Cotton Oil. Dates range December 1 to December 15 with varying percentages on common or preferred shares.
MENTIONED IN THIS ARTICLE
American Waltham Watch Company
American Graphophone Company
United Cigar Stores Company
American Railways Company
American Cotton Oil Company
Metropolitan Life official salaries tied to insurance probe
New York Nov 9 Metropolitan Life Insurance Company figures in legislative insurance probe. President John R Hegeman earns 100000, vice president Haley Fiske 75000, second VP George H Gaston 37500, third VP Frank O Ayers 16250. Industrial agents averaged 11.64 a week. assistant superintendents 18.00 weekly.
MENTIONED IN THIS ARTICLE
John R. Hegeman
Haley Fiske
G. H. Gaston
F. C. Punt
Boctelary
Cie Vie Voy
New York
Metropolitan Life Insurance Company
Legislative Insurance Investigation Committee
John A. McCall
New York Life
Hegeman
George H. Gaston
Frank O. Ayers
New York Life Opposed Shut Out by Missouri
The New York Life Insurance Company, via its lawyers Judson and ex Attorney General Crow, won an interlocutory decree from U S Circuit Judge Adams to restrain Missouri State Insurance Superintendent Vandiver from enforcing his order barring further business in Missouri. A hearing is scheduled for November 20.
MENTIONED IN THIS ARTICLE
ST. Louis
New York Life Insurance Company
F. N. Judson
Crow
United States
Adams
Vandiver
Missouri
Bostonians to Address State Y M C A Convention
Westfield Massachusetts opens its annual Massachusetts and Rhode Island Y M C A convention with speakers including S D Gordon from Cleveland Ohio Rev Dr Francis J Van Horne of Worcester T S McPheeters of St Louis Arthur S Johnson and D Chauncey Brewer of Boston Frederick Fosdick of Fitchburg Dr George H Fisher and Fred B Smith of New York Dr Endicott Peabody of Groton and Dr A E Garland of Boston.
Fear of firebugs returns to Providence lumber yards
Lumber dealers in Providence reinforce night watchmen and guards after a renewed incendiary scare. An oil soaked waste pile was placed under Potter and Gardner's Eddy street yard but was found before damage. This marks the third recent arson attempt in weeks, tied to a year old case unsolved.
MENTIONED IN THIS ARTICLE
Providence
R. I
Potter & Gardner
Eddy Street
Standard Oil Not Controlling New Haven Railroad Says Buckland
E G Buckland, NY New Haven Hartford general attorney, states Rockefeller holds under 1 percent of New Haven stock and is one of 21 directors with no Standard Oil control. ICC commissioner Prouty says case on pro rating of petroleum goods will be heard by the full commission in Washington later this month.
MENTIONED IN THIS ARTICLE
Ings
Old Dominion
Isle Royale
Isla Royale
Boston News
United Fruit Company
Salt Lake
Newhouse
Schirmer
Boston Consolidated
Frisco
Utah
Simon J. Behan
Houghton
Ahmeek
Lake Superior
John W. Hiorne
Utah-Apex Mining Company
American Smelting and Refining Company
Apex
Utah Consolidated
Yampa Mines
Bingham Camp
Utah- Apex
Yampa
Soule
Cleveland
E. G. Buckland
New York, New Haven & Hartford Road
William Rockefeller
New Haven Road
New York, New Haven & Hartford Railroad
Interstate Commerce
C. A. Prouty
Commission
Washington
Haverhill Stableman Swindled Out of Buggy
A clever thief used a new horse deal to swap I. A. Emery family livery Goddard buggy for a junk vehicle. He hired the rig for town use and then disappeared with the prized buggy, leaving a broken-down substitute. police have not located the Goddard buggy.
MENTIONED IN THIS ARTICLE
Haverhill
I. A. Emery
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