Gold Pool for Foreign Exchange and Market Reforms
Bankers plan a $100 million gold pool agreed by the Federal Reserve Board with a syndicate of national and reserve banks. Installments will fund Ottawa credits against London. Grain markets show volatility amid war rumors and export demand. Analysts discuss resuming business by allowing price ranges and a five percent floor and cap, while dividends shift across steel, copper, and oil sectors. The Baltimore and Philadelphia exchanges implement trading restrictions as measures against rapid declines.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Central Reserve
New York
Chicago
St. Louis
Boston
Philadelphia
Baltimore
Ottawa
London
Utah Securities buys Utah Light & Railway holdings
Utah Securities Corporation has acquired about 98 percent of the common and preferred stock of Utah Light & Railway Company from Oregon Short Line. Minority stockholders may sell on the same terms. The deal covers electric light and power and street railway properties in Salt Lake City and Ogden serving over 29,000 customers with last year’s gross earnings near 2.75 million dollars.
MENTIONED IN THIS ARTICLE
Utah Securities Corporation
Oregon Short Line Railroad
Utah Light & Railway Company
Salt Lake City
Vicinity
Ogden
Dividend Notices MASSACHUSETTS LIGHTING COMPANIES
Dividend No. 44 appears in the notice issued by Massachusetts lighting companies detailing payment terms and the due date. The announcement lists involved entities and the distribution framework for shareholders.
Sherlock Holmes Reopens Cipher Case in Valley of Fear
Holmes and Watson discuss a dangerous cipher tied to Porlock and Moriarty. A page delivers a signed letter urging burning the cipher. Holmes suggests the clue lies in a referenced book, while Porlock’s fear hints at deeper betrayal and vast possibilities.
MENTIONED IN THIS ARTICLE
Holmes
Billy
Watson
Porlock
Fred Porlock
The Adventure of the Ciphered Almanac Hint
In a dialogue between Holmes and Watson, they deduce a clue about a large book with double columns and a page 534. They consider standard works and identify possibilities like the Bible Bradshaw and almanacs, narrowing the field to a commonly owned, standardized reference.
MENTIONED IN THIS ARTICLE
Watson
Moriarty
Bradshaw
Independent Bondholders Protective Committee Formed for Railroad
A committee of bondholders from Birmingham, Ensley and Bessemer Railroad Company forms to protect interests after the Sept. 1 1914 interest default. Stone and Webster to continue financial investigation with trustees in Boston to receive deposited bonds and issue certificates.
MENTIONED IN THIS ARTICLE
Birmingham, Ensley and Bessemer Railroad Company
Messrs
Stone & Webster
American Trust Company
Boston
Holmes and Watson Decode Almanac Clue for Douglass Danger
Holmes and Watson study Whitaker's Almanac to interpret a coded warning about a rich country gentleman named Douglas. They deduce the message hints that danger is near and prepare for a looming threat as Inspector MacDonald joins their investigation.
MENTIONED IN THIS ARTICLE
Whitaker
India
Watson
Professor Moriarty
Holmes
Porlock
Douglas
Birlstone
Billy
Inspector MacDonald
Scotland Yard
Alec MacDonald
MacDonald
Europe
Mac
Harvard Dines Gold Coast Freshman Dorms Surge
Harvard College Corporation fills three new freshman dormitories around the Charles River as the 1918 class arrives. Excess applicants are redirected to Weld Hall in the college yard, while Gold Coast apartments see lighter occupancy.
MENTIONED IN THIS ARTICLE
Harvard College Corporation
Gold Coast
Charles River
Harvard Yard
Standish, Gore
Smith Halls
Boston attorney sues Republican chieftain over defamation claim
Alonzo B. Cook, a Boston attorney and Republican auditor candidate, files suit against Edward A. Thurston, chair of the Republican State Committee. He alleges a mudslinging campaign since declining Thurston’s invitation to withdraw, including statements to the press and club outings. The writ has been handed to the sheriff for service.
MENTIONED IN THIS ARTICLE
Alonzo B.’ Cook
Boston
State Auditor
Edward A. Thurston
Cook
Thurston
Republican State Committee
Republican Party
Look Forward for Prosperity Amid European Turmoil
An optimistic call urges the United States to gaze ahead not back, promising greater population, trade, prosperity, patriotism, cooperation, and skills. It stresses opportunities for labor and capital, thrift, and support for home industries and pay, ending with a defiant note to discouraged citizens.
MENTIONED IN THIS ARTICLE
United States
America
Europe
5 Per Cent Rate Case and Gold Fund Approval Stir Wall Street
Wall Street hails the Interstate Commerce Commission reopening of the 5 per cent rate case and the Federal Reserve Board approval of a 100 million dollar gold fund. The moves hint at rail leniency and closer ties between banks and the Treasury. Grain moves stay near yearly norms, livestock declines, and money markets show mixed liquidity with 7 to 8 percent rates locally and abundant call funds in London. Private cables note a German war loan over-subscription amid rising Berlin reserves.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Interstate Commerce Commission
Federal Reserve Board
Commerce Commission
Treasury Department
London
Imperial Bank of Germany
Foreign exchange influenced by New York loan pool
Exchange moved with the success of the New York city loan and the 100 million pool as preliminaries proceed. Light drafts on London dipped but recovered with grain bill demand on London and Paris. Paris exchange routed via London. Berlin cotton bills via Amsterdam. Foreign subscriptions to the city loan rise, London holders likely to take the new issue. many small Middle West investors apply. Western money stays strong though rail traffic falls due to the European crisis as bankers restrain expansion.
MENTIONED IN THIS ARTICLE
New York City
London
Paris
Berlin
Amsterdam
Middle West
Independent committee probes Birmingham Ensley and Bessemer bonds
An independent protective committee of bondholders for the Birmingham Ensley and Bessemer Railroad has begun an inquiry into the companys affairs. Stone Webster engineers examine the road books and accounts to justify legal action for reparation to bondholders if warranted. S. H. Cunningham of Boston chairs the committee which seeks bondholder cooperation through bond deposits.
MENTIONED IN THIS ARTICLE
Birmingham, Ensley & Bessemer Railroad Company
Stone & Webster
S. H. Cunningham
Boston
American Trust Company
Money Markets and Clearing House Totals
Boston sept 21 quotations show brokers loans 8 percent outside and in house lending at 8 percent for new loans customers commercial and commercial paper at 6 percent and up. Year money 6 percent. Clearing House figures list New York funds par exchanges Boston 14 622 863 year ago 17 866 775. New York exchanges 184 790 034 year ago 0. Sub treasury credit Chicago 27 623 exchanges 12 167 940 New York banks gain on sub treasury operations Saturday net loss since Friday 142 000.
MENTIONED IN THIS ARTICLE
Boston
Stock Exchange
New York
Wemaanicom
Treasury
Ckhigie
Steel Dividend in Doubt as United States Steel Reports Deficit
United States Steel Corporation will complete its first three quarters of the fiscal year in the next eight days and is not earning its 5 percent dividend on common stock. A big deficit is anticipated for the full year, with a possible fourth quarter only modestly improving earnings. A statistical review of the company’s affairs will appear on tomorrow's financial page.
MENTIONED IN THIS ARTICLE
United States
John Sherman
New York City
England
Pve
United States Steel Corporation
Boston Post
Also Mentioned on This Page
Baltimore Stock Exchange
Committee of Five
Financial News Notes
Willett & Gray
Ford Motor Company
Ford Company
France
Bank of France
Germany
Austria-Hungary
Italy
Miller, Roe & Hagen
Hartford, Conn
South Carolina Light, Power & Railways Company
of Security
Massachusetts Lighting Companies
Addis M. Whitney
Kelsey Company, Inc
Waldorf Lynch System
Kelsey
Jan Wewee
Trey Oon
Sherlock Holmes
Valley of Fear
Conan Doyle
Wal
Independent Bondholders Protective Committee
Mass
Oscar R. Dare
Penn
Boyd M’dowell
Elmira
Daily Post
Post
Harvard
By B. C. Forbes
Republic
Birmingham, Ensley & Bessemer Railroad
Money Markets
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