Money Market Skews Quiet as Banks Hold Steady Rates
Boston reports a quiet money market with 6 to 7 percent outside paper and 6 to 6 1/2 percent on collateralized loans. Clearing-house rate remains 5 percent. New York funds at a 20 cent premium. weekly exchanges show gains over last year despite broad rate rigidity.
MENTIONED IN THIS ARTICLE
Boston
Cail
New York
Clearing Fonse
Boston Post
United States
Vry Spa York
Hartford
Galveston
New Jiaven
Memphis
Wichita
St. Joseph
Louisville
Peoria
Omaha
Columbus
Kansas City
Duluth
Dividends Declared by Banks and Firms
Several financial notices list dividends from banks and companies. Merchants' National Bank declares 3 per share. First National Bank of Salem 4 percent tax free. Evansville & Terre Haute 1.14 percent quarterly. Pennsylvania Gas Coal 14 percent quarterly. Boston & Colorado Smelting 21 percent. New York Central transfer books close Sept 30 reopen Oct 15 for a 2 quarterly dividend.
MENTIONED IN THIS ARTICLE
Merchants’ National Bank
First National Bank of Salem
Evansville & Terre
Pennsylvania Gas Coal Company
Boston & Colorado Smelting Company
New York Central
Aas Auto Road
Basset Whitney & Co. Bankers and Brokers
Basset Whitney and Co bankers and brokers offer services for investors buying and selling stocks and bonds. They deal in municipal and railroad securities for clients and maintain a presence as securities dealers.
MENTIONED IN THIS ARTICLE
OW Margie
Foreign markets show firm discount and dull London week
London traders report firm discount at 814 3 during the week with active stock exchange yet small business volume. American railroad securities fade while some London prices slip. New York response to relief measures disappointing. Continental bourses also reveal very dull activity.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
New York
Baltimore & Ohio
Lake Shore
Louisville & Nashville
Erie
Union Pacific
Cincinnati & Washington
Oregon
Denver & Rio Grande
Norfolk and Western
Central Pacific
Ohio & Beebee
Louisville & Nashville Mortgage
St Louis Bridge
Allegheny Valley
Ilinois Central
New York Financial Market Report Shows Dull Start and Narrow Recoveries
Money on call remained easy with no regular market. Sterling, government bonds, and railroad issues were dull or heavy, while select stocks like Pacific Mail and Big Four showed initial strength. A late material recovery occurred as large houses supported prices, but overall turnover stayed light and markets closed midrange with gains and losses evenly split.
MENTIONED IN THIS ARTICLE
New York
Treasury
New York City
the Tribune
Sub-Treasury
New York Evening Post
London
Sterling Exchange
Continental
Frances
Reichsmarks
Europe
Atchison
Atchison Bears
Kansas City
Springfield
Memphis
Birmingham
Atlantic Coast
Missouri
Arkansas
South Atlantic Seaboard
Minnesota
Wisconsin
Atlantic & Pacific
Oregon Transcontinental
California Southern
Chicago, Burlington & Quincy
Chicago, Burlington & Northern
Cincinnati, Sandusky & Cleveland
Wisconsin Central
Cleveland & Canton
Mexican Central
Chicago, Kansas & Western
Southern Kansas & Gulf
Topeka & Western
New England
Massachusetts
Rutland
Maeagurer Gleason
Fitchburg Road
Toledo, St. Louis
Old
New York Mail and Express
San Diego
Los Angeles
Prime Mercantile
Vgova
Western Union 1
Missouri Pacific
Pacific Mail
Big Four
Metropolitan
Richmond & Alleghany Trust
Indianapolis Bloomington & Western
South Carolina
Lehigh & Wilkesbarre
Delaware & Hudson
Oregon Improvement
Oregon
Wabasa
Chicago
Detroit
New York stock sales and rail rate cuts reported
A New York despatch notes another rate cut amid broker rail battles, with round trip fares from St. Louis dropping and tickets from Cincinnati to St. Louis selling low. It adds railroad earnings, mileage totals, and new ticket designs for several lines, plus a planned freight branch costing about $500,000.
MENTIONED IN THIS ARTICLE
New York
Philadelphia
St. Louis
Grand Army
Ontario & Western
Baltimore & Ohio
Erie
Frank
Astor House
Cincinnati
Chicago
New Orleans
Lehigh Valley Railroad Company
Pleasant Valley
Laurel Run
New Haven
Conn
Starbuck’s City Stock Purchase Deadline Expired
The city’s sale of its Derby railroad interest required W. H. Starbuck to buy all offered stock within sixty days at 25 dollars. About 800 shares were taken, giving Starbuck’s faction roughly 4000 shares. Separately, NY & New England Railroad leases Milford Franklin Providence & Hopkinton line for 99 years starting Oct 1. Route tea and silk cars reach New York from China via Vancouver in ten days, shocking older lines.
MENTIONED IN THIS ARTICLE
W. H. Starbuck
Derby Railroad
Starbuck
Hopkinton
Mass
New York & New England Railroad Company
Milford
Franklin
Central Massachusetts
Rutland
Worcester County
China
Vancouver
D. C
New York
Ocean
Canadian Pacific
Rome, Watertown & Ogdensburg
New York, Ontario & Western Roads
Commodity Market Roundup for Commercial Goods
The metal market shows no change while flour corn oats and oatmeal remain quiet. Rye flour rye malt and millfeed hold steady with butter cheese eggs and many meats firm. Sugar molasses are steady. Potatoes hay straw grass seeds and tallow show little movement with occasional dullness or quiet demand for beans truck meat and fresh beef.
Grain market quotes show mixed oats and firm prices
Quotations indicate oats steady to firmer with select lots scarce. No 2 white oats offered at 7 54 to 7 64 cents, November to May positions traded on call. Grain inspections total 69 cars with mixed corn and oats items. flour and cornmeal prices rise for export and domestic buyers.
MENTIONED IN THIS ARTICLE
Minnesota
Michigan
New York
Canada Superior
Canada
Eastern
Metal Market Shows Little Change Amid Demand Shifts
The metal market remains largely unchanged over the past week with slight iron trade improvement. Pig iron remains scarce as demand outstrips supply. coal strikes influence but no severe impact yet. Copper and tin remain in steady demand. lead and zinc steady with prices firm. Pittsburg mills run at capacity while shipments and contracts shape a firm market tone.
MENTIONED IN THIS ARTICLE
Chile
London
Russia
Calumet & Heela
Messrs. Rogers, Brown & Co
Chicago
Ohio
Mahoning
Chenango
Pittsburg
Cincinnati
St. Louis
Philadelphia
Baltimore
She
Gray Forge
Eglinton
Glengarnock
Summerlee
Gartgherrie
Langloan
New England
Shell
Asige P Ib
Market Reports Flour and Grain Prices Rise
Market today shows a tendency toward higher flour prices as mills lift general asking prices by 10 cents. Trade remains cautious though quotations have not yet been fully advanced.
MENTIONED IN THIS ARTICLE
Ge Eral
Butter and Cheese Markets Steady Across Regions
Prices show little change with active trade and steady supply. Western creamery extras fetch 24 26c and extra firsts 22 28c. New York and Chicago quotes hold, butter firm on fancy grades. Cheese remains steady with Northern and Vermont varieties in demand. eggs, beans, poultry, and hay show mixed but firm or steady movements.
MENTIONED IN THIS ARTICLE
New York
Chicago
Vermont
New Hampshire
Choice Canada
Choice Western
Michigan
Nova Scotia
Island
Canada
West
North
Seads
Timothy
Bush
Clover
Jersey
Huungarian
East Swale
Houlton Rose
Y Bush
Houlton
Astec
Fruit market report shows steady demand and late-season price rise
Fruit supplies remain solid with firm prices and steady demand. Peaches are small and uneven in quality while apples and grapes stay plentiful. prices for good stock rise as the season advances. The steamship Elsa arrives Monday from Jamaica with bananas and oranges for Seaverus & Co.
MENTIONED IN THIS ARTICLE
Elsa
Jamaica
Seaverus & Co
Gravenstein
Delaware
Concord
Martha
Salem
Catawba
Bartlett
Norfolk Steamer to Bring 1630 Phbis Sweet Potatoes
The Norfolk steamer from Norfolk, Virginia, is due here tomorrow carrying 1630 phbis sweet potatoes.
MENTIONED IN THIS ARTICLE
Norfolk, Va
Market Prices for Produce Reflect Steady Demand
Truck supply stays ample and demand remains steady for onions Maltas and other vegetables. Prices vary by quality with baskets and barrels quoting.
Also Mentioned on This Page
West End
American Loan and Trust Company
Standin
South Boston
Cambridge
East Boston
Boston Land
Calumet & Heeda
Tamarack
Atlantic
Ig Eicionain Bell Telephone
Nmnamnemnn
Ind
St. P. Doe
Texas Pacific
Poledo
0. C. Diesas
Tdis Ees
Wees Otis
Oe & Mil
Pee Baers
Seeurley
Ann Agitn Pal
Coats
Bonanza
Stormont
American Oil
Bowman
Elec
Bur. C.co
Catalpa
Crescent
al. Ken
Ac.t
Ne Wee Dunkin
iMass.A.c
F. Tutom
Soso Lidia
Mesnard
Toledo R
National
Gtryous
M.,k
Tyg. So
CC. Ga
Tex. P.L.G
Tex. P. R. G. N. Pac
Sts
Tes
Steei Oo
Essa Cave
American
Wells Fargo
Reece
Lord Acoustic Telephone
Best & Belt
Phoenix
Honerine
Ceeeeeeeteeces
Brunswick
Quicksilver
TOG Benagea Soo Crip
Kensington
Jon
San Fracisco
Pittsburgh
Providence
Milwaukee
Minneapolis
Menver
Cleveland
Indianapolis
Portland
Slingfield
Norfolk Oe
Worcester
Lowell
Syracuse
Rapids
Eee
Nike
York
Gu Ai
Jamey Ae
Whita
S. Ir
N. O'l
Burg
D. Gol
St. Vaul
D. Peoria
Norfolk
St Jos'lh
Wester
D. Duluth
Crescent Mining
Breece Mining
Burton Stock Car Co
Aeeer
West End Lana
Owe
Brunswick Berth
Kensington Chair Co
Atch
Top
Santa Fe
Kidder, Peabody
Devonshire St
Boston, Masse
Nassau St
Messrs
Baring Brothers & Co
NGES
TELE
Gell
Excha Kh
California
Devonshire Streets
Boston Stock Exchange
BO A
At & Pacine
At & Pac
NY &Ne
T&s
A & Pine
K & Wine
M & B Bs
Wis Central
Vas
A&p
B& N
C. Enee
Asis
Atlantic Sree Bonanza Development
Eieale
Calumet & Hecla
Cccess Seescvesreee Heer
Osceola
Hitioviass
Faimnarack
Aspinwall
Spa
Brookline
Maverick
Poston Water Power
West End Land Co
Atlantic & Pac
Cal
Southern Inc
Chi
Kan. & Western
Wee
Ft. Smith TS
Cies
Sonora
Kan
Wis
Nee Beit
Bow
Poston
Albany
Beston
Maine
Noes
Mur
Quincy
Central of Mass
Ae Central of Mass
Pref
Sand
Canton
Fitchburg
Flint & 2
Flint & P. Mari
GN. B
Bell Telephone
New Eng. Telephone
Pa ’ Perenne
Erie ‘Telephone
Jamagon Store Service Co
Mining and Stock Exchange
Aztec Mining
Dunkin Mining
Sutro Tunnel
Empire Mining
Bowman Silver
Sneer
Rappahannock Mining
Cusihuriachic Mining
Eek
Wilson W. Fay & Co
State Street
Borton
San Francisco
Bodie
Cgroumal Vc
Potosi
Con
Savapic
Eureka
Te Sierra Ne
Cscsce
Gould & Curry
Union
Seeres
USA
Hale & Norcross
Yellow Jacket
Foreign Financial Markets
NEW York Financial
Ares
The
Railroad Gazette
Arizona Mineral Belt
Flagstaff
Aln
Elmira
Los Alamos
Irom Mountain
Augusta
Wynne
Ark
Lake Fire & Western
James W. Slater
New York, New Haven & Hartford Railroad
Shore Line
Air Line
Northampton
Valley Division
Butt
Naugatuck
American Bank Note Company of
Susquehanna & Western
Indiana
Bloomington & Western
Northern Pacific
Burlington
Cedar Rapids &Northern
Chicago & Northwestern
ST. Paul
Grand Trunk
W’k
Ererneeren
Ing. Boll
SRG
Alt & T. i
D& Pac
B. & Air L
Ches
Alton
St. L
Th. V
R. G
East Tenn
Lys
Rlous
Pexas Ea
B & Wi
Tex
Long Island
Lou
Anne
Kane
Bil
St. Seeiaee
Nash
Chat
Raego Bol
WWEL
Eere
Bam N.Y
N. Ea
Qhio & Miss
Rich, & al
Ory R. & W
Roecisland
Pau
Civey
Green Carr
St Andrews