Pittsburg Money Strain Forces Short-Term Stock Exchange Closure
Pittsburg Clearing House requests a one day closure of the Pittsburg Stock Exchange amid a money market squeeze. The Security Investment Company seeks receivership for Westinghouse Electric, Westinghouse Machine, and Nernst Lamp, while Union Switch and Signal and Westinghouse Air Brake remain solvent. Bankers anticipate court action to recover millions in funds.
MENTIONED IN THIS ARTICLE
Pittsburg
Holman
The
Stock Exchange
Pittsburg Clearing House
Pittsburg Stock Exchange
Hall
Westinghouse Electric Company
Westinghouse Machine Company
Nernst Lamp Company
Security Investment
Union Switch and Signal Company
Westinghouse Air Brake Company
Leading financiers rally to steady banks under Cortelyou
In New York on October 28 J P Morgan and James Stillman of National City Bank take charge to marshal cooperation among trust institutions amid a banking crisis. Secretary Cortelyou pledges Treasury support as Trust Company of America and Knickerbocker face liquidity strains, with large crowds awaiting openings and deposits pouring into local banks.
MENTIONED IN THIS ARTICLE
New York
Cortelyou
Trust Company of America
Oct
the Treasury Cartel
Beieves
Hampton Brothers Cash Store Victorian era clothing sale notice
Hampton Brothers advertise a wide range of women children and men garments at cash prices. Includes ladies coats from 5 dollars to 15 plus fur trimmed and satin lined options, fleece lined undergarments and hosiery, childrens ready to wear dresses and wool shirts, boys suits and coats, blankets and winter socks with multiple price points.
MENTIONED IN THIS ARTICLE
Hampton
Call money climbs to record highs in New York
New York on October 23 saw call money open at 40 percent and noon lending at 70 percent. The rate peaked at 90 percent around 1 p.m. while the ruling rate stood at 70 percent.
MENTIONED IN THIS ARTICLE
New York
Call Money
Call
Trust Company Of America Still Able To Pay Depositors
New York city crowds formed outside the Trust Company of America as 700 people waited by noon. Tellers continued to dispense funds through the closing hour of regular banking, signaling continued liquidity despite concerns.
MENTIONED IN THIS ARTICLE
New York
Trust Company of America
Perjury convict Luper sentenced to three years in Salem
J. P. Luper, convicted of perjury in a divorce suit against his wife, was sentenced yesterday at Salem to a three year penitentiary term, and his bondsmen were released from further liability.
MENTIONED IN THIS ARTICLE
J. P. Luper
Salem
Balloons Race Lands Across Wide Distances in U S Flight
The Pommern led early after landing in Asbury Park New Jersey followed by Dusseldorf at Dover Delaware and Isle de France near Long Branch New Jersey. Balloons set or exceeded air time records with many distances surpassing last year’s Lahm cup winner.
MENTIONED IN THIS ARTICLE
St. Louis
Isle de France
Pommern
Asbury Park
N. J
Dusseldorf
Dover
Del
United States
Count de la Vaulx
Philadelphia
Hightstown
Long Branch
Balloon race leads over Lake Ontario landing near St Louis path
The United States balloon crossed into Canadian airspace near Ontario shores on Lake Ontario after about 25 hours aloft from St Louis covering roughly 700 miles in a straight line. The U S was believed to lead the race at landing time.
MENTIONED IN THIS ARTICLE
United States
Mies
Nton
Ontario
Lake Tario
St. Louis
Marshfield and North Bend Consider Borough Consolidation
Francia H. Clark reports that Marshfield and North Bend may consolidate under a borough plan. A joint committee from both chambers will meet tonight to discuss possibilities, aiming to unify harbor control and the harbor commission to share dredging costs. Enthusiasm runs high as towns are nearly one.
MENTIONED IN THIS ARTICLE
Marshfield
Francia H. Clark
Chamber of Commerce
North Bend
United
Cldea
Harbor Commission
Harvey Martin II Returned to Penitentiary
Harvey Martin II was sentenced to three years in the Oregon penitentiary for blowing open and robbing the Owl saloon safe in Glide dale on September 14. His motion for a new trial was denied by Judge Hamilton. This marks his second Oregon term, with a prior Washington penitentiary term and a jail escape attempted two weeks earlier. Deputy Sheriff Archie Leonard identified him as an ex convict after the escape bid.
MENTIONED IN THIS ARTICLE
Roseburg
Harvey Martin
Glendale
Martin
J. T. Long
Hamilton
Oregon
Washington
Archie Leonard
Portland
Walling Will Not Ask For Damages In Arrest Case
William English Walling and family members arrested on suspicion of aiding Finnish revolutionists say they will not seek indemnity from Rusela after release. Mrs. Walling and her sister express enjoying their imprisonment, as the three Americans stay at the Hotel de France amid local talks of consolidating Coos Bay towns.
MENTIONED IN THIS ARTICLE
St. Petersburg
William English Walling
Ann Stransky Walling
Rose
Rusela
Wall Street Firms Rally After Bank News
New York reports a brighter afternoon as deposits by Secretary Taft or Cope. trust company of America withstands withdrawal rush and banks operate normally. Acting bank superintendent Skinner confirms Knickerbocker Trust seizure earlier. payments not issued while examiners sweep the city for turmoil amid the financial shock.
MENTIONED IN THIS ARTICLE
Danks Skinner
Knickerbocker Trust Company
Iran
Trust Company of America
Two Killed One Injured In Teal Steamer Explosion
Portland witnesses reported two people killed and one seriously burned when oil burner explosions on the steamer J. N. Teal at the Oak street dock occurred as the ship was fired up before 5 am. Among the dead are believed Amanda Jackson of Stevenson, Washington and deckhand John Collins. fireman Kassler badly burned but expected to recover. The blast likely started from leaking gas that ignited when the fire box was opened.
MENTIONED IN THIS ARTICLE
Portland
Ofl
J. N. Teal
Oak Street
Amanda Jackson
Stevenson
Wash
John Collins
Jack Kasaler
Kassler
Bank of Drain Reopens After Short Shutdown
Drain October 22 The Bank of Drain reopened under strong conditions after the suspension of Oregon Trust and Savings Bank of Portland. Local businessmen now own the bank and G. M. Bassett serves as cashier. The bank reports higher deposits than withdrawals and widespread confidence in the new institution.
MENTIONED IN THIS ARTICLE
Bank of Waleh
Oregon Trust & Savings Bank Portland
G. M. Bassett
Newspaper Man Killed by Own Pistol in Idaho
Boise reports R E B Lockwood, a prominent Idaho newspaper figure, died after a pistol given to a friend was misfired killing him. He was to become managing editor of Senator Dubois’s Idaho Scimetar. Shareholders of Barnum Bailey’s circus vote to sell to Ringling for 410000 after no dividends since Bailey’s death.
MENTIONED IN THIS ARTICLE
Boise
R. EB. Lockwood
Idaho
Reggin
Dubois
Idaho Scimetar
Barnum & Bailey's Circus
Ringling
Bailey
Also Mentioned on This Page
Ial
Morgan
Financial Forges
J. P
Wall Street
Cololia
Broadway
Hampton Bros. Cash Store
Eugene
Hampton's
Clark
Price
Hampton's Cash
Nee Sace
Peeee
Hampton Bros
Cash
Little Creek
Here
Baltimore
Carroll County
Richmond
Armenius Mines
Ita
Patuxent
Annapolis Junction
the Aero Club
Abereron
Manassas
America
Coos Bay Cities
Harvey Martin II
Walling
Coos Bay
Cope Telyou
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