War and Business Outlook in the United States
The article analyzes how the European war has touched U S commerce. It cites bank clearings, foreign trade, and rail earnings to gauge activity, noting declines but arguing the downturn mirrors prior depressions. It highlights August to October trends, contrasts domestic and foreign activity, and stresses a relatively resilient financial position despite wartime shocks.
MENTIONED IN THIS ARTICLE
United States
Financial
Washington
Stock Exchange
Financial resilience amid wartime panic and bank support
The report notes that despite tighter money markets, business failures were lower than in several prewar months. August saw the heaviest failures at 38.7 million, with February values and prior peaks cited, while 1907 panic levels were far higher. Emergence of elastic currency and Federal Reserve action aided recovery, with expectations of renewed lending, foreign trade, and cotton markets stabilizing as the U.S. aims to capture a larger share of global business.
MENTIONED IN THIS ARTICLE
New York City
Federal Reserve
Federal Reserve weighs admission of state banks
Washington nov 24 admission of state banks and trust companies to the federal reserve system proves difficult for the Federal Reserve Board. final regulations may wait for discussions with prospective members. over 100 applications are on file including several large institutions. a meeting in washington will debate proposed rules on real estate loan limits and liquidity. the board also plans naming Federal Advisory Council members before a January meeting after six weeks of system operation.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve System
Federal Reserve Board
Federal Advisory Council
New York Metal Exchange Prices Move for Tin Lead Spelter
Tin held firm at the New York Metal Exchange with five and 26 ton lots quoted 33 1-2 to 34 1-2. Lead traded 3.80 to 4 and spelter 5.20 to 5.30.
MENTIONED IN THIS ARTICLE
New York Metal Exchange
West End Street Railway Holds Annual Stockholders Meeting
The West End Street Railway Company held its yearly stockholders meeting in this city. Directors were re-elected and authorization given to issue up to 13,000 additional common shares to repay Boston Elevated for permanent additions and improvements. The June 30 balance sheet showed assets of 40.5 million with substantial road bed and subway equipment, and liabilities including capital stock and surplus. President Russell noted the surplus arose from premiums on stock and bonds and from profit and loss balance, with detailed accounts for permanent additions and improvements audited and allowed.
MENTIONED IN THIS ARTICLE
West End Street Railway Company
Boston Elevated
Capital
Troense Me
Russell
Boston
Public Service Commission approves additions to Boston Elevated
The Public Service Commission has granted authority while accounts from the Boston Elevated show permanent additions and improvements totaling 43 674 for the year ended June 30 1914, though these accounts remain unaudited and awaiting approval.
MENTIONED IN THIS ARTICLE
Public Service Commission
Boston
Money Markets and Exchange Rates, Nov 24
Boston quotations show call loans at 6 7 and 6 percent for brokers and customers. Commercial loans and papers quoted at 6 percent and upward. year money at 6 percent and upward. New York Sub-Treasury operations caused a net loss of 2 127 000 since Friday. Foreign exchange rates listed for francs guilders reichsmarks and other currencies with light 60 day cable transfers.
MENTIONED IN THIS ARTICLE
Boston
New York
BTM
New York Funds
BSAC
Treasury Credit En Ie
Treasury
Toreign
Sterling Fe
Treasury Credit Reichsmarks Guilders
Ry Oon
Howard Chosen Director of Mutual National Bank
Henry Howard was yesterday chosen a director of the Mutual National Bank increasing the board from 14 to 15 members. He is vice-president and managing director of the Merrimac Chemical Company and also vice-president and director of the Massachusetts Employees Insurance Association.
MENTIONED IN THIS ARTICLE
Henry Howard
Mutual National Bank
Howard
Merrimac Chemical Company
Massachusetts Employees’ Insurance Association
Massachusetts Institute of Technology Corporation
Boston Dwelling House Company
City Realty Trust Declares Extra Dividend
City Realty Trust declares its usual quarterly 1.50 per share dividend on preferred stock plus an extra dividend of Ticket share, both payable Jan 1 to holders of record Dec 1.
MENTIONED IN THIS ARTICLE
City Realty Trust
Porkis W
Norhis Ouestem I. Campbelts, Welis
The
Boston Banks Retire Last Crisis Emergency Certificates
The final clearing house certificates used by Boston banks to meet wartime credit contraction have been retired. Banks return to prewar levels with no emergency currency outstanding. The move follows the new federal reserve system and eased money markets, with a large next week reserve surplus anticipated.
MENTIONED IN THIS ARTICLE
Boston
Federal Reserve Banking System
City of Lynn Sells Big Bond Issue
The city of Lynn Massachusetts sold 196 000 412 per cent registered water bonds dated November 1 1914 and due 1916 1948 to E H Rollins & Sons at 105 427. Other bidders included White Weld Esta Brook R L Day Adams Merrill Oldham Blake Blodger Curtis Sanger Perry Coffin Burr and N W Harris. The Washington Oil Company declared a dividend payable December 31 to stock of record November 30. This compares with 4 declared at the October meeting of last year.
MENTIONED IN THIS ARTICLE
Lynn
Mass
E. H. Rollins & Sons
White, Weld & Co
Estabrook & Co
R. L. Day & Co
Adams & Co
Merrill, Oldham & Co
Blake Bros. & Co
Blodger & Co., Curtis & Sanger, Perry, Coffin & Burr and
N. W. Harris & Co
Washington Oil Company
Fall River Sells $25 000 Serial Bonds
Fall River Massachusetts issues 412 per cent almshouse bonds dated November 2 1914 for 25000 to Adams and Co Boston at 103 28. Bidders included E H Rollins Sons R L Day Co Derby Safe Deposit News Esta brook Blodget Curtis Sanger Merrill Oldham N W Harris Blake Bros Co.
MENTIONED IN THIS ARTICLE
Fall River
Mass
Old Colony Trust Agent for Transfer Tax Stamps
By authority of Chapter 779 of the Acts of 1914 Tax Commissioner Trefry designates the Old Colony Trust Company as sole agent for the sale and distribution of stock transfer tax stamps. Stamps will be sold next week in 2 4 10 20 cent and 1 2 dollar denominations with higher denominations later. no stamps sold at the Tax Commissioner’s office. The act becomes operative on Dec 1.
MENTIONED IN THIS ARTICLE
Trefry
Old Colony Trust Company
Tax Commissioner’s
Estabrook & Co Buy Worcester Bonds
Estabrook & Co of this city were the successful bidders for Worcester Massachusetts 881000 dollars 4 per cent registered serial bonds dated July 1 1914. Estabrook bid 100.65. Other bidders named include Kinsley & Adams Old Colony Trust Co F S Moseley Co White Weld Co Jackson & Curtis E M Farnsworth Co and N W Harris.
MENTIONED IN THIS ARTICLE
Estabrook & Co
Worcester
Mass
Kinsley & Adams, Old Colony &Trust Company
F. S. Moseley & Co
White, Weld & Co
Jackson & Curtis
E. M. Farnsworth & Co
N. W. Harris & Co
Copper production and market notes from October report
October output at Ray Consolidated totaled 3,278,348 pounds, up from September and below August. May saw a record 6,495,719 pounds. The 1913 peak was 4,871,566 pounds. New York Coffee Exchange managers meet today to decide reopening. London cables quote electrolytic copper at 12.7 to 12.78 cents per pound.
MENTIONED IN THIS ARTICLE
Ray Consolidated
New York Coffee Exchange
Dee
London
Also Mentioned on This Page
San Francisco
Cal
Remick, Hodges & CO
Wall ST
WAR and Business
Am Ang
American Real Estate Company
Beacon Street
Everett A. White
Cambridge
Massachusetts
V. O
Mississippi Valley
Hillnois
Iowa
Central Mississippi Valley Electric
Stone & Webster
Boston Stock
Butte & Superior
New Haven
Alaska
Edison
Sugar
Tel & Tel
Smelting
Asisona Commercial Dha
American Zinc
ES Atmoskeag Manufacturing
Boston & Maine
Calumet & Arizons
Chino
Ison Electric
General Electric
Kerr Lake Sterenes
Maes Gas
Mase Electric
Oak McElwain Pf
Morgenthaler
Mayflower
Alg Marconi
New England Tel& Tel
Nevada Consolidated
Old Colony
Pond Creek
Pullman
Superior & Boston
Shannon
Steel
Trinity
Torington
Utah
Utah Copper
United Shoe
Tel
Western
Banks
Trust Companies
Quincy Mining
Quincy Mining Company
Quincy
Erer Teers
Navy
Chicago
Lard
Amer Marconi Beavers
Oee
Ben C
Canada Gee A
Coas Cop Mines
Davis
Paso Seeeere
Goldfield Con
Havana
Houston
Houston Oil
Keipringfield Tire
Kelpringfield Tire
Eeesees
la Rose
Lehigh
Otis Elev P
Riker & Ihe Cor
Sterling Gum Co
Anglo-American Oil
Stewart Mining
Atlantic
Colonial Oil
United Cigar Steps
Continental Oil
Crescent
Cunberlands
United Copper
Eureka
United Prof
Las Light & Heat Ndiana Pi Line
National Ransit
Weat
Pacific Ss
New York Transit
Vitner
Willys Overland
Northern
Ohio Oil
Yukon Gold Pierce Oil Corporation
Prairie Oil & Gas
Solar Refining
Southern Pipe
South Penn Oil
South West Pa
Standard Oil
Standard Oil Ind
Standard Oil Ky
Mt Standard Oil Ohio
Swan & Finch
Union Tank Line
St Idly
Vacuum OF
Pubelita Steales Sboeldia
Washington Oil
Bay State Gas
Calumet & Corbin
Nevada
Douglas Umbo
New York Curb Association
Corbin
Douglas
Ste
United
Ific
McKinley Darragh
Butte & London
Calaveras
Cal Corbin
Crown Reserve
Davis Daly
First National
Goldfield
Houghton Y
Ron Blossom
Majestic
St Ai iv
Exican Et Als
Douglas Ax
Hio Copper 1A
Riker Hegeman
Stewart
Prey Close
Trenseepens
West End ST. RY
Grand Opera House
Michaeloff
Giant Cossack
Sandele
George Tuohey
Money Markets
City OF
Jening A. Hele
Sam Bernard
Bond Street
Omar
Post
Mance
Rose
Clarendon
Frances G. Dever
John
Genter
Mer
Shubert
Moe
Colonial
Julia
Washington Theatre
Washington, Col. Kneeland
Paramount Pictures
Mary Pickford
Sur
Olympia Wash ST. Opp
Boylston
Ntil
Notic
Ehoropeay
Cort
Oliver Morosco
Peg O
Opera House
Tonigt
Circus Man
Boston Theatre
Loews Globe Theatre
Nicolai
Imcasing
Waldron
Hanover Street
Tremont Row
Billy Watson
Burle
Macart & Bradford
Lee Wrothe
Ginger Girls
Ko Ko Carnival Co
Edith Clifford
Wilbur
Hodge
Hollis Yar
Ropa
Miss Anglin
Lady Windermere
Oscar Wilde
Globe
Plymouth
Cyril
Oxford
Whitman
Vice Trust
Castle SQ
TOO Much Johnson
Hoyt’s
Vorenberg's
Winter St A Es
Ollay
Olympia
White
Klein’s Drug
Corner Tremont and Boylston Ste
B. F. Keith
Billie
B. A. Rolfe
Twe Hollanders
Fritz Brach
Claude
Fanny Usher
Blanche Ring
Tremont Mats
Wed, & Sat
Penn Tea
Ihe
Bette
Harry Steppe
Livingston
Tremont Old Curiosity Shop
Charles Dickens
Baumgardt
St. Petersburg
Moscow
Temple
Curiosity Shop
Old Colony Trust
Financial News Notes
Jordan Hall
Friedberg Tes
Symphony Hall
Boston Arena
Turkey
Sut
West Everett High
Oak Park High
Atridge Go
Atone
Ge F. Nichols, Eyett
Loraine Wywian
S. B. Field
Nottingham
Songy Club
Odd Fellows Hall
Tremont ST. Waverly
Lee Pattison
Eastern Dog Club
BIG Dog Show Mechanics Building
Carlisle Indians
ALL Stars
Fenway Park
Wright & Ditson
Pilene
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