12 
NORTH SHORE BREEZE 
W. G. LANGLEY & GO. 
Higher money rates, on the one 
hand, and good news on the other. 
The first meaning only temporary 
embarassment, the second meaning 
prosperity and continued business 
activity. That is the situation that 
has ruled during the past week. The 
day to day traders have sold stocks 
and the more far sighted have taken 
what was offered at slight recessions. 
On any cessation of selling pressure 
the market became absolutely dead 
showing that bear activity had failed 
to start any liquidation of real stock. 
It should be borne in mind that 
the money stringency will only last 
till the middle of October and that 
if it should become at all acute the 
new currency legislation affords 
speedy and ample relief to say noth- 
WEEKLY MARKET LETTER 
53 State Street 
THE CCEANSIDE HOTEL, MAGNOLIA 
Members of the New York and Boston Stock Exchange 
BOSTON 
ing of the fact that the government 
is in a position to deposit over 50 
million in the banks at a moment’s 
notice. Bankers have been  fore- 
handed this year and currency was 
shipped to the West much earlier this 
year than usual and in greater quan- 
tity. We wish to repeat again our 
opinion that under present conditions 
when money is in demand for the 
legitimate uses of business and not 
for speculation such stringency is an 
evidence of prosperity and can only 
work for higher prices of stocks ul- 
timately. The professional traders 
may do what they like with prices 
within a narrow range. Below a cer- 
tain figure the large interests are 
willing to absorb them and above a 
certain figure they stand ready to 
put on the brakes to prevent any 
active speculation which would di- 
vert funds from ecrop-moving. The 
government figures show a larger 
aggregate tonnage to be moved than 
in any previous year and owing to 
some crop. failures abroad prices 
average higher than in other bum- 
per years. 
We thus have for a backlog to 
the market the certainty of good rail- 
way earnings for some months, and 
the steel statement of unfilled ton- 
nage taken as an index of general 
conditions in the metal industries as- 
sures prosperity to the industrials. 
For a long pull we can see nothing 
serious in the present situation even 
allowing for political unrest. The 
copper stocks could of course only 
decline in sympathy with the general 
market, consequently when we con- 
sider the last copper producers state- 
ment we then think the greatest 
speculative opportunities lie in those 
issues. 
AT THE ROCKPORT HOTELS 
The delightful September days are making Rockport 
more than ever a place of beauty and the colony seems 
to feel a shade of regret that the summer season must 
close so soon. The Ocean View closed Monday. During 
the last week of the season a party including J. W. Tur- 
ner and P. M. Foote of Cortland, N. Y., and Katherine 
‘Driscoll of Boston were at the hotel. Mr. and Mrs. A. L. 
Patrick of Elyria, Ohio, were also included among the 
week’s guests. Others at the Ocean View have been: 
A. H. Pingree of Norwood; Mr. .and Mrs. E. W. Phillips 
of Swampscott, Mrs. T. Martin of Cambridge and Fred 
Butt and party of Boston. Many of the guests will spend 
a few remaining weeks of the summer at Rockport at 
other houses. 
The Granite Shore is still open and busy. W. W. 
Wells, son and daughter of West Newton are among the 
recent arrivals. Mrs. Mary Hume with her two popular 
daughters, Miss Margaret and Miss Harriet Hume, of 
Ayer are at the hotel to make an extended visit. Judge 
Charles W. Parker and Mrs. Parker are among the re- 
cent arrivals. Tremont L. Pugsby of Melrose Highlands 
has been here for a few days. The Granite Shore will 
doubtless be open until the first of October. 
The Headland House has been the headquarters for a 
delghtful party consisting of Mrs. George Kennedy of 
Berlin, Germany, her sister, Mrs. Harriet P. Sawyer of 
St. Louis, her brother Robert Price, also of Berlin, Mrs. 
Louise Price Parker of Brookline, who was joined over 
the week-end by her husband, and Mrs. E. W. Price of 
Kent, Ohio. Mrs. Kennedy and Mr. Price sailed Tuesday 
for Germany. Mrs. Sawyer will be at the Headland House 
throughout September and her mother, Mrs. Price, will 
be here at least a week longer before returning to Kent, 
Ohio. Mr. and Mrs. L. Rainford of E. Lynn have been 
at the hotel for a short visit. 
The Clifford House at Pigeon Cove will be open 
until the first of November. There are nearly as inany 
guests here as in the height of the season. Among the 
latest to leave will be Mr. and Mrs. Murphy, who have 
been here practically all summer. Mr. Murphy is a goy- 
ernment inspector working on the breakwater at Rock- 
port. Miss Laura Brooks of Gardner is among the latest 
to arrive here. 
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—VJoseph A. Torrey 
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