Bank Rate Cuts Forecast as London Markets Rally
On January 23 the Bank of England lowered its discount rate from 5 to 4 percent amid improving economic conditions. The decline was framed as foregone, with cash returns and gold shipments from Egypt, Australia, and America boosting reserves. The Bank of France also cut its rate from 3.5 to 3 percent, easing prices on the Paris bourse as expectations of further global reductions spread.
MENTIONED IN THIS ARTICLE
Bank of England
Egypt
Australia
London
Germany
America
Argentine Republic
London Stock Exchange
Paris
Bank of France
Railroad and Other Stocks Receipts and Expenditures
Monthly receipts total 36,273,104 with expenditures 41,020,000 creating a 4,746,896 excess. Year to date receipts reach 353,685,734 against 367,735,933 in expenditures, an excess of 14,050,199. Sub Treasury shows a debtor position to the Clearing House of 2,670,840.
MENTIONED IN THIS ARTICLE
Sub-Treasury
Money on Call and Foreign Exchange Market Summary
Money on call opened at 2 percent, closing at 2 percent with light demand and ample supply. Time money mostly unchanged. rates 4 percent for sixty and ninety days and four to five months. Mercantile paper moderate demand from the West. large supply. Foreign exchange steadier. sterling firmer, cables around 4.8795 to 4.8740, remittances mixed. Short francs and reichsmarks quoted with declines and gains. bankers’ rates list multiple cent and percent figures. Domestic exchange shows par and premiums by city. bank clearings reported for New York, Philadelphia, Baltimore, Chicago. Silver, gold premium, and overseas gold/ Mexico market notes included. Government receipts show Customs, internal revenue, and miscellaneous totals. Total daily receipts $1,325,489. expenditures not specified.
MENTIONED IN THIS ARTICLE
Mercantile
Reichsmarks
Germany
Rt Oo
Paris
Helgium Frances
Switzerland
Boston
Chicago
St. Louis
San Francisco
New Orleans
Cincinnati
Savannah
New York
Philadelphia
Baltimore
London
Madrid
Lisbon
Washington
Busness
England
France
Secretary of the Treasury
Bank of England
Bank of France
Executor Chartered 1822 The Farmers' Loan and Trust Co
A terse notice lists offices at 16 18 20 and 22 William Street and 475 Fifth Avenue New York with branches in London and Paris 18 Bishopsgate Street and 78 Rue de Richelieu describing Letters of Credit Bills of Exchange and Cable Transfers referenced by the firm in a concise financial notice
MENTIONED IN THIS ARTICLE
Clinton Gilbert
Wall Street
Alliance Realty Ine
Miz
Las T
Ins& T
Am Surety Oo
Laneesin
Mount Verner
My & Max Gra
Ing Sireen
Manhattan Broadway
Mercantile
Brooklyn
Metropolitan
Mtg Bond To
S “ Cas Co
Morton
Dent
Mutual Alliance
City
Nassau Ae
Nat Surety Co
Commonwealth Gut
Mtg & Sec
NY Trust Co
Empire Trust
People’s
Standard Trust
Ae Avenue
United States
Guardian
The
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
New York
London
Paris
Bishopsgate St
Rus de Richelien
TOPICS OF THE STREET FOREIGN TRADING AND DIVIDENDS
Foreign houses bought stocks on a small scale early and sold later about 15 000 shares on balance. American stocks in London opened inactive and lower but rose after bank rate cut and closed with net advances. Dividends declared included Pressed Steel Car 1 percent on preferred, Buffalo Rochester Pittsburg Railway 2 percent on both preferred and common, and Eastman Kodak 3 percent on common and 1 percent on preferred. New NYSE members named. Financial calendar cited. Stock Exchange membership sold at 63.0, GE warrants quotation discontinued. Rock Island bonds in demand by small investors. Price prints of panic currency issued. Carnegie light rails cut by $2. Alden elected NY Produce Exchange Bank vice-president.
MENTIONED IN THIS ARTICLE
Adamson
Don Ca Ane
Ame Car & Fay
jAmerican Coal
Amer Cotton Olivahy
Amer Dist
Amer
Amer_ Gr
Lexpress
Amer Hide
Amer Ice
Kan
Louis & Nash
Manhattan
M& St L
Amer Une
Missouri
San Lowa
Amer Steel
Ain Car & Fury
Dew Ts&m
Wits
Linseei
iAmer Tel & Tel
Opeer
Mayde
Do 24 Inc
Bait & Onto
Ches & Ohio
Joni Mil
St Paul
Ontario
Ano Atchison
Col Fuel & Tron
Pacific
Penn Railroad
Nas Elec RR
Ad Coast Line
Erie Steers Hs
Anaconda
Pee Gas
Atchison
Pitts
Am Spirits Fis
Batopilas Fe
Gt Northern Pe
Louis & Nas
Shosaece Balt & Ohio
NY & St Las
Bethlehem
Mexican Central
Ratopilas
Génee Etuuido
Texas
Akton Rap Tr
Iren & Sti
Brunswick
Brooklyn
Rocksland
Brunswick Nat
Ches & Hice
L&s
Pennsylvania
Butterick Co
Ptael Gh
Ralaklala
Southern Pac
Canada Southern
Rock Island
Ae ST
M&o
Norf & W
Tae
Central Leather
Southern Pacific
Texas & Copper Pac Kg
Southern Railway
Union Pacific
Bkin Rap
Chicago & Alton
Steel
Col & South
Denfrise
Bar & P
Inion Pacific
del & Hudson
den & Rio G
Red & R
M & St P
Krie
Acini
Ing
Totam Etene Enoreneamaenen
Atlanta
Cal & Va
West Mfe
Elkton
Goldfield Adams
Goldfield Daisy
Rapa Mtn
St L&s F
Neve & Pitts
Iragasbesessas
THO Y Se
Red Hill
Iene
Japan
Col & Seale
M& Stpc
Penn
Pax
Sl&s F
Ee Jcol & HC
T&s
Consol Coal Sas
TUS& Steel
M&m
Consol Gas
Comstock
Tex & Post
Denver & RG
Detroit
Evans & T H
W &DC
Havana
Hocking Wallast
Illinois Central
Ingersoll-Randae
Dao Do
Bay State Gas
Westingh
Consol Steamship
Manhat Transit
Sen Cone
Manhat Securities
Kanawha & M
Isc
Kansas City
Ikcfs&m
Keokuk & DM
Ee Laclede Gas
Oak
Chicago Subway
Lake Erie & W
Steeseee A
Long Island al
Mackay Cos Si
Piper
Alaska
Redan
Allouez
Michigan
Minn & St Louis
Uifus Zs
Cor Ipen
Sc Sree
TOE Ae Do Ag P& Ssm
Brit Gol
Butte Coalition
Eeesses
Saat
Butte & London
Butte & N
Joe Jon
Cumberland— Y - Sts
En & Sxl
Davis-Daly Bat
tDiamondfield
Dolores Ltd
I. Am
Bory
Dominion Cop
Newhouse M&s
Ely Central
Y Air Brake. Co
Florence
NY Central
Aster
Goldfield
Greene-Cananea
Greene
Norfolk & West
McKinley- Carr
Micmac Mines
Mines Co of Am
Do Certia
Utah
Pacific Coast
Er Nipissing M Co
Butte
Pacific Mail
Penn RR
Peoria & East Pe
People’ S
Pee & St Ll Bes
Super & Pitts Cop
Pittsburgh Coal
Tramps Consol
Trethewey
Trinity Copper
Quicksilver
Union Mines
Msnce
United Copper
Cloud M & M
Pete Einen
Sale
Consol Steamsh
St L & S'west
Ara
Seure-Roeb
Stoss-Sh S & T
R. Ff. Day & Co
Wallstreat
Southern A Fk
Bay Bost & Albany
Boston
Standera
Cal & Hecla M
Tenn Copper
Centennial
Tenn Coal T
Fitchbure F
Cowper Ran
Texas & Pacific
NYNH
M. Gs
Toledo
Mohawk
Tol St L & W
Mass Ave
Osceola
Twin City
Parrot
Quincy
Tamarack
Wolverine
Ipv
U S Smetters Co
Ae Arcadian
Ref Srenceq
Chicago
Indianapolis
Louisville
Uta
Jew
United Frutt
Ines
Philadelphia
Charles D. Barney & Co
US Steel
New York
4Th Street
Vandalia RR
Am Cement
Lehigh Val RR
I Ae
Ao Am Ry Co
Va Iron C
Cambria Stee
Phila Co
N J
Elec St Bat Co
Penn R Co
Wells Fargo
Elec Co
Penn Steel Co
Fairmount Trac
Wheeling & Lake Erie
Sar Oneness
Iehigh Navy
BO Watsreemp Co
Wisconsin Cent
Phila Klee
NJ Bs
Phila
London
Pressed Steel Car Company
Buffalo, Rochester & Pittsburg Railway Company
Eastman Kodak Company
NEW Exchange
Frederic 8. Cochran
Perley L. Freeman
William G .P. Morgan
Stock Exchange
4L Stock Exchange
General Electric
the Stock Exchange
Speyer & Co
Chicago, Rock Island & Pacific Railway Company
Theodore H. Price
Price
Carnegie Steel Company
Pittsburg
A. H. Alden
Adelbert H. Alden
New York Produce Exchange Bank
Stock Market Dips Despite Lowered Rates Abroad
The market drifted lower with 500k plus shares traded, American Smelting and Refining leading declines. Bank rate cuts in England and France failed to lift prices locally as call and time money eased. London and Paris rate cuts contrasted with subdued domestic sentiment amid ample liquidity and a looming government deposit surrender.
American Securities Abroad in London Market Report
London market notes show American securities closing slightly higher with a mix of gains and losses. Prices for major U S issues and foreign money rates are listed, including Paris and Berlin discount rates and exchange figures.
MENTIONED IN THIS ARTICLE
London
Paver
Maturing 1908 22 listed by Swartwout and Appenzellar
Furnished by Swartwout and Appenzellar No 44 Pipe St the list shows name and maturity dates for various securities including Cigar Co Tel Ohio Ry Hudson Steel Co and others with maturities ranging from 1908 to 1922 and coupon rates from 4% to 6% percent figures appear alongside company names and dates in a ledger style record of maturing issues.
MENTIONED IN THIS ARTICLE
Swartwout & Appenzellar
Yic* A Cigar Co
Sl Am Cigar Co
Tel & Tel
Coast Line Rh
Ohio Ry
Ohio
Bo Ry
Vna Steel Cos
A Steel Co
Pabenerr
Nash RR
N & St Ie
Ser Corp
Frederic E H. Hatch
Broad Street
iLora
Taylor
Soda Fount
Manhattan
Empire Steel
Feth
East F
Trenton Potones
Greene Cananea
Havana Tobacco
iUnion Ferry
Hudson Riv Tel
Stetson
Baltimore
van Schaick & Co
Wall Street
United Near
Seaboard
Union Trust
Fidelity & Dep
Consol Gas
Land Trust
International Bank Returns Signal Shift in 1900s Rates
London and Paris bank reports show mixed shifts in liquidity and discount rates. Bank of England reserve ratio climbs to 54.90 percent from 52.40, with public deposits up 2.28 million pounds and circulation rising 114,008,000 pounds. Bank of France notes declines in circulation and deposits, gold gains, bills discounted down 68,650,000 francs, with discount lowered from 3 to 3.7 percent.
MENTIONED IN THIS ARTICLE
London
England
Aris
Bank France
Treasury
Outside Securities Market Snapshot Shows Mixed Signals
Irregular tendency governs outside securities with brief firmer tones on small rallies. Nevada Consolidated Cumberland Ely gain slightly while Butte Coalitions rise about four percent. United Copper weak. Trinity and North Butte ease. Greene stocks narrow. Consolidated Arizona Smelting rises on heavy activity. Furnace Creek up. Standard Oil declines about five points. Chicago Subway flat. bonds dull yet steady.
MENTIONED IN THIS ARTICLE
Nevada Consolidated
Cumberland-Ely
Butte Coalition
Butte-New York
United Copper
Trinity
North Butte
Nipissing
Greene
Consolidated Arizona
Furnace Creek
Standard Oil
Chicago
Trading Quitt in Mining Market on the Produce Exchange
Trading was quitt in the mining market on the Produce Exchange yesterday. The total transactions were 2.40 shares, distributed among six stocks: Branch Mint 1.40 at llige and 12%4c, Blue Bull 3 at 2i, Greater Nevada 1 at Se, United Copper 10 at % 874, Dolores 1 at $7, Nipissing 100 at $7. Bid and asked prices were: PRODUCE EXCHANGE STOCKS.
MENTIONED IN THIS ARTICLE
Llige
Blue Bull
Nevada
United Copper
Dolores
Nipissing
Also Mentioned on This Page
First National Copper Co
Balaklala
J. Thomas Reinhardt
Barton Omer
Broad ST
N. Y
Teleph Penn-Wyoming Copper
Eas Opera E
Redmond
Emis Delphia
Pine St
Chestnut St
American Bank Note Company
Trinity Place
Schmidt & Gallatin Investment Securities
N.Y. Stock Exchange
Broadway
New York City
Wall ST
Wall Street Journal
Howard Lapsley
York
FF Heiran
Howard Lapsley & Co
Redavax
Seth
EF. O. Richards
Secreta
Banks of
Cas
Knee Place
Sup & Poston
Pene Ag
Eyer & Co
iMar
Consolidated Exchange Sales
Industrial
Money and Exchange
American Securities Abroad
Erie
New York Central
Berlin
Paris Exchange
Bargold
Berlin Exchange
Otes
Foreign Bank Returns
Outside Securities
Produce Exchange
Tonopah
West End
Doloresesty Ts Dixie
el Oro
Esperanza
Greene Golds
Great Bend
Greater
Nev
Guanajuato
Kendall Seewee
Davis Daly
Nevada Hills
Nevasia
Mont Shoshone
St Ives
Belmont
Ely
Jim Butler
Adams Oceees
Mac Namara
Midway
Montana
Io North Star
Booth
Wecee
Miscellanegus Securities
Wils, Stewart & Co
No & Exchange
Snes Scotia Na
Cobalt Lake
Peterson Co
Coniagas
Foster
Green Meehan
Trethener
Kerr Lake
McKin
Red Rock
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!