Letters of Credit and Cable Transfers Offered by Bank
The Farmers' Loan and Trust Company lists offices at 16, 18, 20 and 22 William Street with a branch at 475 Fifth Avenue New York and reciprocal London Paris addresses at 18 Bishopsgate Street and 78 Rue de Richelieu. It offers Letters of Credit Bills of Exchange and Cable Transfers through its network.
MENTIONED IN THIS ARTICLE
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
New York
London
Paris
Bishopsgate St
Rue de Richelieu
Davis-Daly Fe
United Cop One
Diamo Butte
New Hills
Utah
Dixie
Pitts Silv
Gibral_ Mines
Great Bendoo
Greater Nev
Hm Nat Bank
Rooth
Belmont
Ives
Golden Anchor
Dolores
Tim Butler
E! Oro
MacNamara
Esperanza
Tata
Midway
North Star
San Toyer
West End
Butte Coalit
Exports of Merchandise Reported
Brief excerpt notes exports of merchandise with a total value around 12.40 to 12.50 dollars and mentions a January 21 date. The fragment references quantities and a rough shipment detail, but lacks complete context for a fuller summary.
Weakness in Stocks Reported from Washington
Washington reports show receipts of 724,404 from internal revenue and 419,149 plus 619,614 from miscellaneous sources. Day’s receipts 1,763,168, expenditures 2,100. Month to date receipts 33,235,588 with 37,250,000 in expenditures, a deficit of 4,014,462. Year to date receipts 350,648,167 against 260,960,935 in expenditures, excess 13,217.76. Sub-Treasury shows debtor status to Clearing House at 1,274,783.
MENTIONED IN THIS ARTICLE
Washington
Sub-Treasury
Clearing House
Stock Market Sags After Broad Declines in Trading Session
Stock market moved lower on heavy volume with readings of losses across major rails and producers. Reading fell about 55 points while Union Pacific, St Paul, Delaware & Hudson, Great Northern, and Northern Pacific posted 2 to 4 percent drops. American Smelting opened weakly and slid before a late rally, Smelters showing heavy activity and closing with a small gain. Money market eased with call money near 2 1/2 percent and time funds around 4 percent, while widespread cash surplus dampened further market upside amid reports of lower railroad earnings and a coal and cotton goods price cuts by Marshall Field & Co. Rumors of banking distress and government action circulated with noted Morgan concerns and anticipated Morgan interests departure.
MENTIONED IN THIS ARTICLE
Reading
Union Pacific
St. Paul
Delaware & Hudson
Great Norther
Northern Pacific
Mercantile
Great House
Marshall Field & Co
Harriman
Morgan
Money Market and Exchange Rates Log Market Fluctuations
Money on call opened at 2 percent, traded 2 percent to 4? percent, closing around 2 percent with last loan 2 1/4 percent as brokers note light demand. Short term money near 4 percent with limited placements. Mercantile paper up in volume. demand fair but market breadth weak. Foreign exchange opened steady with cables around 4.8730 to 4.8740, demand sterling near 4.8680, sixty-day bills 4.83. Afternoon drift firmer, sterling easing slightly. Domestic exchange figures list city rates including Houston, Chicago, St Louis, New Orleans and others with premiums and discounts. Bank clearings shown for New York, Philadelphia, Baltimore, Boston, Chicago. Silver prices steady to firm, bar silver at 54.44 cents, Mexican dollars 44 cents. Gold premium noted in Madrid and Lisbon. Mexican exchange quoted in New York with ongoing receipts.
MENTIONED IN THIS ARTICLE
Carh
Mercantile Paper
Germany
Belgium
Switzerland
Holland
Houston
Chicago
St. Louis
San Francisco
New Orleans
Cincinnati
Savannah
New York
Philadelphia
Baltimore
Boston
London
Madrid
Lisbon
Foreign Exchange Stocks Inactive Mining Market On Produce Exchange
No transactions occurred in the mining market on the Produce Exchange yesterday. Prices remained unchanged as traders waited for clearer signals, with brokers noting quiet activity across the sector and little movement in quotes.
London market and corporate notices on dividends and leadership
London stocks showed inactivity and irregularity with a shift toward easier tones in late trade. United States Realty and Improvement declares a quarterly 1 percent dividend, while Frank A. Vanderlip becomes vice-president of National City Bank and joins the United States Realty board. Lehigh Coal and Navigation outlines a 12,000 acre coal property with 500 million tons of anthracite, 378 miles of railroad, and a 16 mile canal, signaling plans for cheaper mining and a 12 percent potential dividend. past decades show strong returns. Westinghouse Brake Company of London proclaims a 19 percent six month dividend and an extra 5 percent for the year. Frederick Phillips leaves Lincoln Trust Company for Night and Day Bank, taking up a central role in the new office.
MENTIONED IN THIS ARTICLE
London
United States Realty
Preserve and Improvement Company
American Gas and Electric Company
F. A. Vanderlip
Frank A. Vanderlip
National City
United States Realty and Improvement Company
Charles T. Barney
Lehigh Coal and Navigation
Edward B. Smith & Co
Philadelphia
Lehigh Coal and Navigation Company
Lehigh & Hudson
United the
New York Stock Exchanges
Lst
Westinghouse Company
Westinghouse Brake Company, Limited
Outside Securities Fall as Market Opens
Fresh liquidation appeared in the market for outside securities after the opening with prices moving downward especially in mining stocks. Nevada-Utah fell, Butte Coalition 4%, Nevada Consolidated percentage, Cumberland-Ely percentage, Butte-New York nearly 2 points, Micmac 4%, Superior & Pittsburg a point, North Butte nearly 2 points, Furnace Creek rose on heavy buying, Goldfield stocks declined sharp, Daisy and Goldfield Consolidated fell, Standard Old down 2 points, Chicago Subway down 1.5 points. Bonds were dull and slightly easier.
MENTIONED IN THIS ARTICLE
Nevada-Utah
Butte Coalition
Nevada Consolidated
Cumberland-Ely
Butte-New York
Micmac
Superior & Pittsburg
North Butte
Furnace Creek
Goldfield
Daisy
Chicago Subway
Bay State
Manhattan
Alaska Mines Sect
Amal Nevada
Bingham Central
Bingham
Booth Po
Frog Nat Bank
Butte & NY
Cobalt Central
Ariz Smelt
Comb-Ely Min
Davis-Daly
Diamondfield
Delores Limited
Dominion
Douglas
Ely Central A
el Rayo
Florence
Giroux Mining
Greene-Cananea
King Edward
Kitchener Mini
McKin-Darragh Tite
Miemac Mines
Mines Co
Mines Securities
U M
Ste
Ipisg Mines Co
North Butta
Penn Wyoming
Red Hill
Stewart Mining
Sup & Pittsh C
Tintte Mining
Union
Ac Adams
St L & W
Todd Lots
Boston Curb Stocks Headline From City Markets
Boston curb stocks report furnished by J Thomas Reinhardt lists market activity and price levels for urban real estate and related securities, with notes from offices in New York and Boston.(Listing entities appear as names and addresses from the era.)
MENTIONED IN THIS ARTICLE
J. Thomas Reinhardt
Steadstret
New York
Exchange Place
Boston
Also Mentioned on This Page
Fish& Robinson
City of New York Bonds
New York Stock Exchange
Arthur Crampiste
the Times
Stock Exchange
London& Paris Exchange, Ltd
Basildon House, Bank
England
American Bank Note Company
Trinity Place
R. L. Day & CO
Wall St
Congress St
Municipal Railroad Corporation
Lawrence_ Barnum & Co
Pie Street
New
Itteburg
Schmidt & Gallatin Investment Securities
N.Y. Stock Exchange
L Broadway
Byer & CO
Well St Bankers
Hanover
New Jersey
T. G
Nessau Et
The
Wall Street Journal
Trequaiied
Nevada
Utah Bay State Gas
Lustom
Broad ST
N. Y
Consolidated Exchange Sales
Ing
Joe's
Suger
Top & S Fe
Bait & Chic
Hes & Ohio Chi Gt West
MH & St Pean Col Fuel & Tran
Diet Securities
Ae Erie Ceveseennen
Louis & Nash
Kan & Texes
NYT Central
Norf & Western
Nor Pacific
Penneyivania
Ry Steel Spring
Dforo Reading
Republic Steel
Rock Island
Southern Pacific
Southern Railway
Texas & Pacific
Wabash
Wim
Sale
Belcher
Comstock
Imperial
Tonopah
Montgomery Mt
Sierra Nevada
Masa
Lds Amcar & Fary -i Jm & St L
Ie Am
M& P&s
K & Tex
Tee Secur
Pacific - Am
E & St
le Am Smelt
Newhouse
Norfh
Atchison
North Ameras — Do
North Pac
Coast Line
Balaklala Af Do Sth
Bkalt & Ohio
Penn RR
Ap Do
Peo Gas & C
Ratopilas
Pitts Coal
Pacific S
Ohio
T West
Southern Ry
Col & South A
Tex & Pac
den & Rio Gwey
Twin City RT
UN Pacific
U S
Uv SR & Imp
Erie
Wabash Gs
Japan
Penn
At&s
Steel
SK da Inc
At & S
ST & P
Do &S
H& H
Peice
Aioe
Rio
POM & M
P&s C
Son A & AP
L& W
SPM & O
Sam Do Conot
Cni & So
Bae Ao
Anne Do
Ronan Do
Mme West
Tom West
West Shore
Fin
Adams Express
Aillis-Chalmers
Gar & Fury
Amer
Amer Dist
Amer Express
Amer Gr
Amer Hide & L. T
Amer Ice
Am Locom
Amer Tel & Cab — Ae
Amer Tel & Telj Caves
Am Tobacco
Amer Woollen
Ann Arbor
Sisle
Batopnas
Bethlehem
Bklyn
Brunswick Ee
Buffalo R & P
Buff & Susq
Butterick Co
Eal
Ralaklala
Canada
Isis
Sera Ans
N & Sala St
Hesa
Ind & Lp
M & St
Chic & N
M&o
Canes
Cleve & Pitts
Cern
del & Hud
Dl& W
Denver & Rio
Detroit
Tilmots Central
Kana & Mich
Kansas City
Keokuk &D
Laclede Gas
Lakes Erie
Long Island
Louis & Nash Jim
Ann
Mackay Cos
Manhatten
Michigan
Min
St Louis
Mos &S&tm
Moran & Texas
Mieiaiel
Missouri Pacific
Nash & Chatt
Hee
Nat En & Sip
Lea
Newhouse M&s
New Cent Coal
Saseat
Chic & St
New York Dock
Ontario
Silva
Pacific Coast
Peoria & Toast
IPC
Cc & St L
Pittspurg Coal
Republic
Rome Wat & Og
Rutland
L&s
C&f
L. & S'west Poe
Coal & Inn
Do Land Trust
Toledo
Twin City
Roy
T'N Bag & Pa Ae
Tnion Pacific
Acees United R’y
Rity & Imp
Andala
West
West Dnion
Weetinghouse Mt
Wisconsin
Money and Exchange
American Securities Abroad
Tendon
Tandon
Anaconda
Canadian Pacific
Paul
Tilineats Central
Waa
Touls & Nash Iolan
NY Central
Berlin
France
New York City
Eyer & Co
Wall Street
Will Stewart & Co
Buffalo
Nova Scotia
Peterson Lake
Ham
McKintes
Outside Securities
Industrial
Swartwout & Appensellar
Tel & Tel
Marah
Saike & Ohio
Bamba
Odo
Kansas City South
Lackawanna Steel & Pc
Nash P
Michigan Central
Min & St Louis
Misouri Pac
Peneylvania
Tie Sdl
Do Ember
Thern Ener
Uat
Tru
Company of the Caty
Pats
Brayton Ives
Anton A. BA
Beverly CH
Bertram CR
Jacob C. Elijas
F. Mena
Rupert W. K Frederick
Francis M. Bacor Wiliam L. Boil
William Carpender
D. Crawford Clark
Henry W. DeForen
Haley Fiske
J. Horace Harding
Robert Hoe
Edward B. Judson
Lewis Cass Ledyard
Marin
O. Mills
Fourth National Bank
City of
J. Edward Simmons
Corneline N. Bliss
Charles Stewart Smith
Robert W. Stuart
Richard T. Wilson
William S&s Oporta
James G Cannon
Eugene Delano ‘Bank
Thomas H. M
James G. Cannon
Charles H. Patterson
Broadway
John Jacob Astor
Nash William M. Ingraham
Clarence H. Kelsey
Iedgar L. Marston
Sanford H
Charles Mallock
Teuis Windmu
Clare EY
Frank Bailey
Edward 0. Stanley
Press
Clinton PD
BURDI
J. Wray Cleveland
Frank Bniffen
Brooklyn
John W. Shepard
Bs Simon
Horace Anderson
Davisd
Ray Ciev
General Fire Extinguisher CO
Stekholders
FW. Bartwell
A. J. Crawford Company
A. I Crawport Company
Tme
Thomas F
Nary
American Chicle
Henry Rowley
Pullman Company
Wereinsheime & Secreta Chicago
Aoa
Clinton Gilbert
Wal Test PY
Alliance
Am Surety Co
Astor
Bankers
Long IL & R
Mutual Cent Realty
Mutual Allanc
City Investing
Nassau Citizens
Oereee
Columbia
Commonwealth
Mig & Sea Commercial
Wwe N Trusteo Empire Trust
People’s ml Equitable Eaese
Ne Farm L & Tr
Flatbush
Franklin
Fulton Eereee iTr Co
Amee
Cortonine AJ Fidelity
United State
Guaranty Troo
Guardian
M & T Coss
Hamilton
Am Home Trust
van Norden Hudson Realty
Westchester
Int Bug Corp
Windsor
Butte
Cumberland
Superior & Pit i
Tone Wenee
Troy
Union Copper I
Utah Apex
Gtroux
Globe
Helvetia
Keeweenants
Laramie
Majestica
McKinley
Orth Butte
Ext