Money Market Quiet as Clearing House Demand Rises
The Boston money market ends the week quiet and easy with stronger funds demand at the Clearing House while time loans hold 4 to 6 percent and collateral loans 3 to 4 percent. New York Clearing House balances stood at 2.44 1/2 percent, with exchange figures and bank reserves showing notable weekly shifts. The local stock market remained active, led by Atchison and West End, as reports of potential consolidations and debt actions circulated amid broader railroad and finance news.
MENTIONED IN THIS ARTICLE
Boston
Clearing House
New York
New York Clearing House
Sulaness
SLOSS
Chicago
St. Louis
San Francisco
Telegraph
New Orleans
Charleston
Savannah
Boston Post
United States
Canada
New York City
Reichsmarks
Sioux City
Union Pacific
Pacific
Ogden
Shore Line
North American Railway Investors Union urged to replace Gentlemen's Association
Chicago dispatch outlines John S. McCook's plan to disband the Gentlemen's Association and form a proprietary North American Railway Investors' Union of shareholders. It envisions cross border ownership, rate stability, and reduced competition, while warning of ongoing railroading disputes as lines seek better returns for passengers and investors.
MENTIONED IN THIS ARTICLE
Chicago
John S. McCook
Bankers
New York
Gentlemen’s Association
Drexel, Morgan & Co
Brown Bros. & Co
Kidder, Peabody & Co
Bankers’ Triangle
Interstate Commerce Railway Association
North American Railway Investors’ Union
McCook
Burlington & Northern
Western Railroad
Mr. McCook
United States
Supreme Court
Buffalo
Pittsburg
Ohio River
Union
Michigan Central
Lake Shore
New York Central
Fort Wayne
Panhandle
Pennsylvania Railroad Company
Stock and money market gains on a busy Saturday
New York reports money on call easy at 3.3 to 8 percent with steady rates across bills and accepts. Sterling and government bonds hold firm as rails stocks rally late the day. Strong close driven by bank reserves and major gains in St Paul South Minnesota and Reading third incomes amid broad market strength.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Delaware & Hudson
Tennessee
St. Louis
St. Paul
South Minnesota
Hocking Valley
Big Sandy
Northwestern
New York Stock Sales Sept 7 Daily Share Totals
New York stock sales report shows total 154,500 shares traded. The list details each issue with opening price high and low for the day and the closing price, compared with yesterday's close.
MENTIONED IN THIS ARTICLE
New York
Foreign Financial Reports from London Market Figures
London market reports show Atlantic and Great Western firsts at 83 4, second 6, St Paul 76, Canadian Pacific 67 44, Erie 106, Mexican ordinary 56 46, Pennsylvania 55 42, Reading 24 4. Money at 2 2. Rate of discount for bills 3 7 16 percent. Paris advises 3 percent rentes at 86 francs 20 centimes.
MENTIONED IN THIS ARTICLE
Atlantic
Vac
United Gaa
Cal
South
Chi
Kan
West
Saga
Vtebeis
Louis
Si L
S. Pac
Sony Oid
Pueblo & Ark. Val
Somora TS
de Texas Division
Tribe
Wisconsin Centralinc
Abs Sg Ee Am
Bell Telephone
Tropical Telephone
Boston Water Power
Lamoine Land
Lenox & Stockbridge Ltd
Newport Land
Sullivan Harbor
Old West Ford Aneretic Tara
Dunkin Mining
Orgbors
Santa Fe Mining
Tametack
Aia
Boston & Albany
Oleg
Nan Vo
Ate Chic
West Mich
If Cin
San. & Cleve
Pere Marq
Ie . C
Ft. Scott & Wer
Cisor O
RCA Asc
Esccoe
N.Y
Northern Pac
Sive E
G. F
Union Pacific
Rae
Core Jf
Cesiicsie Sigiee
Mt. Des
East Land
Lane
Thorn.-Houst
Elece
Maccadec
Ebonos
Sked C
L. & v. Sone
Lowa
C. & W. Mich
del. & H
Ft. Ee
East Pendenee
R. C
So & M
Erie
Wayne
Ccecess
Central
Hocking vVai
Houston
Texas
Ao Cour
Lake Shore
Long Island
de P.d'o
L. & Nash
Oregon
N.A
Og. & L. Con
Pueb. & A. V
Tex
St. L
St. Jo& G
Sto. Pacific
M. & Ohio
M. & Essex
Nash
Chat Ee
Wis
Do Inc
Railroad Compante Nor Pacific
Northwestern
Atlantic Pacific
Boston & Albany - Eee
Boston & Lowell Wee
Ffoston & Maine O
Nee
Boston & Roy Ewer
GS Bil Ca. Southern
Canton
Ole
Orleans
Oregon & Line
Pittsburg
C In
al Ee
al Ee . Se . 20 Det “& N Eae
Fee Estes Ae
Rock Island
Vale Do
Fitchburg
Flint & P. M
K. C
F.u.s. & Gulf
St. Paul
Keh &Sp
B.C. Vg
Southern Pac
LR & Ft S
Texas Pacific
L. E
St. Bee
O. OG
Maine Central
Yentral
Utica & BR Eee
N. Ce
Iy W
Shin & PB
Rutland
Bn Oregon Lit
Svsssese
Pacific Mail
Rat Summit
W. Onion
West End
Wisconsin Central
Chi, Gas Trust
Agle
Amer
Catile ‘Trust
Bell
Eagl
Eng
Eastman Carpeater
Nav. Lais
Lamson Storé Ser. Co
Cell P
Asia
Pullman Palace Car Co
DAR. G
Cotton Oil Trust Sa
iSt
Pneumatic ‘Tool Co
St. PB. C. & P. Burton Stock Car Co
Hoston “ Liver Pool Aess Eenee
Vhonograh ‘Toy Ee My
Lex. . Ve
Elec
Ste
Illinois Steel Co
Lynn & Boston Railroad
N. Ws
Tex. P. R
Lynn Gas & Electric Co N.P. Hie
Mt. Desert & East Shore
Lu, Pac
Malden Electric Co
Sosook
E W. Shore
New York Dispatch Co
National Lead Trust, Eee
North Chi
Best & Belcher
Pal
Tel
Bodie
Occidental
Ophir
Sugar Refineries ‘Co
Con. C. & van
Potosi
Thomson-Houston
Col. Coal
Crown Point Re
Savage
Union
el Thomson Elec
Elding
Westinghouse Elec. Co
Ward
Winnisimmet Co
Evernee
Hamestake
Asta Mexican
London
Great Western
Canadian Pacific
Pennsylvania
Paris
Business Troubles and Insolvencies Hit Multiple Firms
creditors of James H Little cigar manufacturer met to review his affairs and accepted his offer of 25 cents for settlement. Insolvencies reported include William P Hunt president of South Boston Iron Works, Mt Tom Elastic Fabric Co in East Hampton, and L W Faxon of Brookline. Louisville Polishing and Plate Works assigned. Broomall and Troudle boot dealers face sheriff sale and attachments. Mattingly & Sons distillers seek time. Assets and liabilities cited for several firms.
MENTIONED IN THIS ARTICLE
James H. Little
Cambridge Street
Sterns & Butler
Washington Street
T. W. Hall
Mr. Little
Hall
Little
William P. Hunt
Savin Hill Avenue
South Boston Iron Company
Pittsburg
Penn
L. W. Faxon
Brookline
J. G. Mattingly & Sons
Distillers
Louisville
Thayer's Six Day Running Race Meeting Opens at Point of Pines
Thayer's six day running race meeting at the Point of Pines begins today with three races totaling fifty entries. The first event has twenty seven runners, the second ten, and the third thirteen. Extensive track arrangements and spectator viewing options are planned. Baldwin's Cadet Band plays day and night, and the fireworks drama The Apaches runs nightly during race week. Hotel Pines stays open through next Sunday the 16th.
MENTIONED IN THIS ARTICLE
Thayer
Point of Pines
Baldwin
Rugs In Large Sizes Arrive At John H Pray Sons Co
A selection of Persian Indian and Turkish rugs in extra large sizes has been received by John H Pray Sons Co. The acquisition expands stock for customers seeking oversized floor coverings from renowned rug origins.
MENTIONED IN THIS ARTICLE
John H. Pray, Sons & Co
Fall River Print Cloths Weekly Production and Sales
Fall River reports weekly print cloth activity with production at 145000 pieces and deliveries 122000. Sales reach 119000 with 23000 spots and 96000 futures. prices around 344 cents for 60x56s. Providence notes a dull market with 3% to 4% declines for 64 squares and 344 cents for 56x60s, week quiet with only 800 pieces 64x64s sold. Stocks total 177000 pieces 64s and 15000 pieces 56x60s.
MENTIONED IN THIS ARTICLE
Fall River
Providence
R I
Wheat market weak as supplies loom and futures drift
The Option Markets report a weak wheat scene with good receipts and fine weather weighing on cables, while a large drop in visible supply is expected due to irregular wheat in private warehouses. Corn and oats also eased with reduced support, and pork and ribs saw limited strength amid overall weakness.
MENTIONED IN THIS ARTICLE
Chicago
Farnum, Reardon & Co
Boston
Minneapolis
Hutchinson
Sapticc
Noweiss
DAR Wses « &Oo
Metal Trade Shows Strong Demand for Iron and Steel
The article notes a vigorous demand for crude iron and steel and all manufactured iron. Prices are rising, with manufacturers eager to secure raw iron to cover work in hand. The buoyant market and well-maintained prices persist despite huge production levels.
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Atchison
Plains
Trust
Southern Kansas
Gulf Division
Chicago, Kansas & Western
Sonora
Messrs. Kidder, Peabody & Co
Manuel
Atchison Proper
St. Joseph
Kansas & Western
New Mexico
Arizona
Anasonona Sr
Coresee
Kansas City
Colorado
Gulf, Colorado & Santa Fe
St.l
K.C
Col
Gulf
Southern
Evans
Engineering and Mining Journal
Europe
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City of
Worcester
Blake Brothers & C9
State Street
Nassau Street
Foote & French
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Boston Stock Exchange
Ts’ BO
Iveliant Fn
T Ast
Cmesub
C. A. Parker
Topeka
Herald
Wall Street
Atlantic & Pacific
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Albuquerque
N. M
Chicago, Burlington & Northern
Mexican Central
New England
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Albany
Cincinnati
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Enrique
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al W& Hecla
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Quincey
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Hartworp
Conn
Charles P. Clark
New York, New Haven & Hartford Road
Clark
Kennebunkport
Old Colony
Denver & Rio Grande Railroad
Ceeeee
Oregon Railway & Navigation Company
Fitchburg Railroad Company
Hoosac
Saratoga
Palace
Johnsonville
St. Pau
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CORR
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Alton
Cyb
California
Hest
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Gould & Curry
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J. H. Little
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Rialto
Devonshire St
Postoffice
F. B. Rogers
THE
Eastern Banking CO
Milk Street
Francis A. Osborn
T. Merrihew
Duen
John Jeffries & Sons
Devonshire Street
J. E. Carter & CO
Bankers & Commission
Washington SI
Kacee
Northern
St Louis
Oass