Testimony in Hampden Railroad suit details
Witnesses including Charles Mellen of the Nave and Boston & Maine testify about a $4,000,000 liability linked to the Hampden Railroad connection. He describes board awareness, recounts his rail career and presidency, and claims funds were spent to prepare the Hampden road for through service, with a proposed lease to Boston & Maine.
MENTIONED IN THIS ARTICLE
PI Gasbeoreenpe Mnie Orttas Fressilent
Charles
Mellen
Nave
Boston & Maine
Wat
Hampden Railroad’ Corporation
Nesine
Boa & Maine
Lamnden Road
Hosten & Maine
War economy reshapes markets yet keeps stock calm
Wall Street records a steady shift as war production dominates profit prospects. Major firms listing on the exchange are now essential players, with many previously nonessential lines redirected to defense goods. Submarine activity and disrupted mail alter foreign exchange, boosting cable transfers and dampening check payments as funds move across oceans.
MENTIONED IN THIS ARTICLE
Europe
Dollar exchange rates in foreign markets amid German submarine activity
The article reports on the dollar’s status in foreign exchange as investors react to German submarine activity along the coast. It notes shifts in sterling and franc rates, cites London quotations, and provides current exchange and intrinsic values from the U.S. Mint, explaining the dollar’s strength or weakness reflects demand to settle accounts in the U.S. versus England.
MENTIONED IN THIS ARTICLE
Here
London
Howden
Pranes
Stockholm
Copenhagen
United States’ Mint
England
Money Market Rates and Credit Conditions Reported
Money and credit conditions showed little change with moderate call loan turnover at the Stock Exchange. Banks offered more fixed date funds and industrial time loans, with the rate at 6 percent. Compared with a year ago, call money on mixed collateral was 5 3 34 percent, industrial loans 5 4 g, and time money varied by term from 6 agate to 6 42 4 percent. Commercial paper quoted at 6 percent for four to six months. bank acceptances demand broadened with rates shown for thirty, sixty, and ninety days dependents, including eligible member and nonmember banks and ineligible bank bills.
MENTIONED IN THIS ARTICLE
Lisbon
Fed
Boston
New York
Philadelphia
Eveland
Richmond
Atlas
Philadelpha
Stock Exchange
London stock and money markets in cautious mood
London and Paris trading reported mixed activity as discounts eased and securities remained active while uncertain war demand weighed on some sectors. New York notes a French credit payment progress. timber shortage threatens Victoria, and London money market shows slight ease with rates near 2 1/2 percent for short bills.
MENTIONED IN THIS ARTICLE
London Exchange
London
Victoria
Sore Villa
Kepore
Indian Lands To Yield Huge Wheat Crops
The Montana Farming Corporation formed to develop 150,000 to 200,000 acres on four reservations in Montana and Wyoming. Led by Thomas D. Campbell the venture aims to grow wheat on irrigated land, with projected yields of 20 bushels per acre and possibly several hundred thousand acres eventually under cultivation. The plan, backed by major financiers and with government water and seed support, is described as a wartime measure to bolster wheat supplies for the United States.
MENTIONED IN THIS ARTICLE
United States
Montana Farming Corporation
America
Thomas T. Campbell
Montana
Wyoming
Department of Agriculture
Perainnel
Dieselor
J. H. Morgan
Charles J. Sabin
Guaranty Trust Compay
Jomo A. Stillman
Ban
The
Guaranty Trust Company
Thomas D. Campbell
Grand Torrance
Ihis, An van’ Cine
Vorick W. Stavens
Ann ‘Arbor
Mich
Brederick W. Stevens
Theodore Rousseau
John &. Johnson
J.P. Morgan
Campbell Willl
Wheat War Project Aims Big Indian Farm Venture
A New York group led by Campbell seeks to farm 20 000 to 40 000 acres of reserved land to boost wheat production as a war measure. Indian labor may be used. quarters of land offered with company assistance, profits shared with Indians, contracts signed April 6 anniversary of entry into war.
MENTIONED IN THIS ARTICLE
Aman
Pan
Wasa Es
Campbell
Lane
New York
Juni
Cotton Crop May Be Largest Raised Since 1911
Washington June 4 The department of agriculture reports May 25 conditions show the cotton crop near record proportions for the last decade with 82.3 per cent of normal. State figures range from 40 in South Carolina to 91 in California. Officials expect area planted and grown to near record levels, with an overall output potentially matching 1911 records. Market reactions included a late rally in July futures amid favorable weather and strong Liverpool demand.
MENTIONED IN THIS ARTICLE
South
Cotton Exchange
Pri
New York
Washington
Department of Agriculture
Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Lowmann
Texas
Arkansas
Tennessee
Missouri
Oklahoma
California
Arizona
New Mexico
Liverpool
Tedford
Iron and Steel
American Iron & Steel Institute
Economic indicators show gold reserves and price indexes in 1947
The data lists money stock, gold reserves, and Federal Reserve notes, with figures for bank loans, discounted wills, and circulation. It includes averages for stock and bond prices, cost of living, commodity price levels, and production metrics such as U.S. Steel orders, pig iron, wheat, corn, oats, and cotton crops, plus railroad earnings and commercial indicators.
MENTIONED IN THIS ARTICLE
Federal Reserve Banks
Federal Reserve
U.S
Onis
Brazilian Notes Get Renewal
The state of Sao Paulo Brazil secured a two year renewal of £2 205 00 of 3 per cent treasury notes recently due in London. The original issue was £4 204 000 with 30 per cent repaid and 70 per cent renewed until January 1 last. The renewed amount suggests a further £635 000 paid. The notes were secured by a tax on coffee exports and financed by coffers warehoused in Hamburg Antwerp Rotterdam Marseilles and Trigste. The loan was arranged just before the war outbreak.
MENTIONED IN THIS ARTICLE
Sao Paulo
Brazil
London
Hagne
Hamburg
Antwerp
Rotterdam
Marseilles
Trigste
Government control history cited in Western Maryland Railroad report
The annual report recalls prior government control after the Battle of Gettysburg when rails and rolling stock served the army for eight days. It notes equipment moved beyond the line, extensive locomotive use, and testing of the road’s capacity to handle increased business. The item also covers Federal Reserve rate moves, copper output, steel price talks, and rail loan activity in May.
MENTIONED IN THIS ARTICLE
Western Maryland Railroad
Bysburg
Also Mentioned on This Page
Spencer Trask& Co
Broad Street
Smrany HoStat
Ehtcago
Brock Liehane
Bastia
R.c.megargel
Istoum
Arman
A. A. Housman & Coxchange
Pforzheimer&co
Road St
TAY Veen
George H. Burr & Co
Broadway
Liggett & Drexel
Eachange Conservative Investments
Fhilmiztyna
Buttate
CST
Ilenetio Eerie
Harris, Forbes & Co
Pine Street
Comer William New York
Lehigh
Securities of International Paper
Adams Express
Ffederig Hi Hatch & CO
Dlen
Finance Economics
Wall Street
Offic Mills
Broad St
Vanover
Money and Credit
Esterday
News Digest
Paris
ARIS
BT Francen Times
Fonbright & Company
Vectern
Honbyight
Sem. Fae
Schneider & Company
Hiss
Whittle
Sub-Treasury
U.S. Gov
Capi
Erpool
Snarkel Very Son
Federal Marine War
Baltimore
Mazi
Ageil
Aarti Tech
Anereaye
Wsta
Dun's
Hautes
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
Pall Mall
East
S. W
Old Broad Street
Bordeaux
Boulevard Haussmann
United States Army
France
United States Treasury Department
Federal Reserve Bank and
New York Clearing House
London City & Midland Bank Limited
Threadneedle ST
E.C
Bank of England
United Kingdom
Belfast Banking Company, Limited
Ireland
Edward H. Holden
Bart
Maryland
Federal Reserve Bank
India
Inspiration's Production
Inspiration Consolidated Copper Company
Inspiration
Biltmore
Randall N. Durfee
Fall River
Mass
Charles T Plunkett
Adams
Charlee
Luther
Joseph Newburger
Memphis Tenn
B. L. Anderson
Fort Worth Tex
Charles L. Tarber
Dall Tex
the Burton
Merchiatt ‘ S Bank
John BE. Boyden
Orleans
L. Rice
Memphis
Journal of Commerce
United States Railroad Administration
Variaus Roads
Pennsylvania Railroad Co
Railroad Co
Chi Mil, & & Paul RR. Co
Baltimore & Ohio
Elin Railroad Co
Denver & O Grande Ann Arbor Railroad Co
N.Y
New York Central Linea
Pennsylvania Railroad Co. & O. Railroad Co
Ttinois Central Rr, Co. C., M. & St. P. Railroad Co. Co
RL & Por. R. Consethie Railroad Co
Rg, Railroad Co
HR & TM Railroad Co
Ann Arbor Railroad Co
Dot, Tol. & Ironton R.rco
Central Trust
Central Union Trust
Union Trust Cort
Central Trust Company
Union Trust Company
Burton
Chicago
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