Editorial on the Federal Reserve Act and elastic currency
The article outlines the proposed Federal Reserve Act detailing the structure of twelve reserve banks, board controls, reserve requirements, and note issuance. It discusses elastic currency aims, open market for commercial paper, and the retirement plan for government bonds, with banking system implications and European comparisons.
MENTIONED IN THIS ARTICLE
Federal Reserve Banks
Federal Reserve Board
Secretary of the Treasury
Secretary of Agriculture
Currency
Senate
Reserve Bank
United States
Daily Market Summary of New York and Boston Trading
Yesterday's market notes show total sales of 178 900 shares in New York and 12 963 in Boston with the steel common as the most active New York issue at 48 000 shares and Am Tel & Tel at 3 198 shares in Boston. Year to date totals favor New York with 67 275 500 shares and Boston with 4 285 011 shares. Major moves include Canadian Pacific up to 233 5 8 in New York and American Tobacco dropping to 228, while Am Agrichem climbs to 461 4 in Boston and Calumet & Hecla slides to 430. Call money in New York at 4 percent and in Boston at 31 2 percent. Time money ranges New York 4 1 2 to 5 1 2 percent and Boston 5 1 2 to 6 percent.
MENTIONED IN THIS ARTICLE
New York
Reading
Canadian Pacific
Can
Amalgamated
United States Steel
Shorts
London
United State
Boston
Steel Common
Am. Tel. & Tel
Alaska Gld M Co
Smelt & R
Am Tel & Tel
At&sf
Beth Steel
Beth Ee Pf
Bklyn
Cal Pet Cole
Cal Pet Corp
Pacific
Case J 1 Co
Ohio
Seeeebaee
CGN Peewee
Chine Ee
Eric Ist Pf
Ally
Goodrich B F Co
Norpf
Norre Ctfs
Iglly
Alaska
Allouez
Amelgama
Ag Nem
Arizona
Gulf of
Bos
Bos & Albany
Bos& Maine
Bos & Wor el Pf
Butte Ballak
Butte & Sup
Cal & Arizona
Fbly
Cal & Hecla Se Pias
Hino
East Butte
Edison Elec
Miami
New Englel
Oy H
North Butte
Old Colony
Old Dominion
Osceola
Pond Ork Coal
Pullman Co
Mcy
Ray Consol
Reece
Shannon
Shattuck-Ariz
Superior Cop
Swift & Co Dee Eee
Trinity Ry Pee
Tuolumne Yorste Hee
United Fruit
US Steel
Utah Consol
Victoria Eres Re Ee
West End
York
Corporation
New York Funds
Treasury
Eae
Aes
Sterl Sterling
Nes
Boston Market Opens with American Telephone Lead Decline
The Boston market on Oct 7 shows American Telephone down to 124 7/8 amid 3198 shares traded. News of a $10 million note issue backed by AT&T subsidiaries spurred the drop, with notes rediscounted through Morgan and Kidder Peabody. Other movers included Alaska Gold and Steel, while Miami declared a quarterly dividend totaling $2 per share for the year and $3.50 per share since organization.
MENTIONED IN THIS ARTICLE
Boston
American Telephone
American Telephone Company
J. P. Morgan & Co
Kidder, Peabody & Co
American Telephone & Telegraph Company
Nebraska
Iowa
Southwestern
Northwestern
Alaska Gold and Steel Common
Miami
Boston Stocks and Bonds Summary
Boston market report lists municipal and corporate bonds with prices and yields. Notable entries include AT&T 4s and 5s, New River 5s, MaGas 44s 31, NE Tel 5s 32, Pond Ork &s, West T&T ds, and high grade listings with small lot counts.
Cotton Market Snapshots From Liverpool and New York
Daily cotton quotes show Liverpool and New York listings with multiple forward and backward months. Prices hover around 7.14 to 7.41 for Liverpool, while New York quotes range from 13.20 to 18.80 with various monthly figures and near-term closes.
MENTIONED IN THIS ARTICLE
Mae
New York
Also Mentioned on This Page
Devonshire St
Wall Street
Baring Brothers & Co., Ltd
Congress
Sion
Europe
France
Germany
Stock Exchange
James Smith
John Jones
Smith
Jones
Federal Reserve Bank
Federal Reserve
Sound Securities
American Public Utilities CO
Utah Gas & Coke CO
Salt Lake City, Utah
LA Crosse
Merchants Public Utilities CO
Indianapolis, Ind
Jackson Light & Traction CO
Jackson, Miss
Elkhart Gas & Fuel CO
Elkhart, Ind
Boise Gas Light & Coke CO
H. L. Nason & CO
Congress Street
Dallas Electric Company
Dallas
Texas
I Electric Company
Re Ord
Stone & Webster
Island Creek Coal Company
Island Creek Coal Coma
F. W. Batchelder
United Fruit Company
State Street
Mass
Basinese
Charles Fag Hubbard
Sierra Pacific Electric Company
Nevada
Stone & Webstear
American Telephone & Telegraph Co
William RK
Dehiver
Westinghouse Electric & Manufacturing Company
A. WilleMon
Erie Equipment
Fisk & Robinson
Exchange Place
New York Stock Exchange
Canada
New England
Lehigh Valley
Liggett & Meyer
Louis Nash
Mackay
Nynh&h
Penn
Pitts Coal
Pitts Coal Pf
Ray © Ag
Rumely Co
S$ L& SF 2d Pf
Slswpf
Seaboard Air Line
Sears-Roebuck
South Ry
Tenn Copper
Texas Pacific
Third Ave
Sl& W
Union Pacific
Utah Copper
Va Carhem Ors
oNa
Union
Westinghouse
Woolworth Peas
Anglo-Am Oil
Reona
Ely
Florence
Goldfield
Kerr
Man Wrink Ng
Mason Valle
Portland
Hartford
Chicago
Worcester
Providence
Boston Stocks
Oan High
Bay State
Calaveras
Corbin
Cortez Eeaeee
Nat'l Eee
Houghton
la Rose
Majestic — Ee
Nevada Douglas
Bos Omi i Caysas
Raven
Stewart
Tonopah Victor
United Verde Ex
Risa
Efasesaeer
Figsabesissi
Park
Baap Hs
Ares Wait Peis
Low Point
May
PW Nyainn Ove
Wat Man Sas
Ee Enae Re
Prey
Minneapo
Toledo
Detroit
Brown Brothers &Co
Philadelphia A. D
State St
the Chemical National Bank
Joseph B. Martindale
H. K. Twitchell
James L. Parson
Francis Halpin
Edward H. Smith
Tors
Sollers, Phillips & CO. Incorporated Investment Securities
Devonshire Street
Money Markets
Liverpool
Metal Markets
N. Y
Cookson
Southern
Next Sundays
Unt, Ellis & Co Bankers & Brokers
Consolidated Stock Exchange of
N.Y
Broad Street
General Electric
Missouri Pacific
Chesapeake & Ohio
Wat
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