Produce Exchange Trust Company Closes Doors in New York
The Produce Exchange Trust Company, with offices at 29 Broad Street in the Standard Oil building, suspended payment pending a book examination. Liabilities total $11.65 million with assets of $11.72 million. A special committee led by Edwin Gould and others takes charge. The letter from Gould criticizes lending practices and signals potential management changes ahead.
MENTIONED IN THIS ARTICLE
New York
Produce Exchange Trust Company
Standard Oil
Broadway
Company
Edwin Gould
C. P. Armstrong
Edward A. Mahar
Frank Brainard
Turner A. Beale
Thos. A. McIntyre
D. Scudder
Broadway National Bank Hopes to Resume Business Soon
Poston Dec 18 The Broadway National bank's affairs are being cleaned up after suspension. Receiver Wing says progress is satisfactory and assets will be classified before reporting to the comptroller. A 30 cent on the dollar payment to depositors may come this week.
MENTIONED IN THIS ARTICLE
Poston
Broadway National Bank
J. P. Squire Company
State Street
New York
Armours
Decline in Copp ers Signals Boston Financial Angst
Boston financiers rallied Sunday via joint banking broker efforts yet New York troubles kept mood grave. Copper stocks led decline with banks nearby under scrutiny, while Broadway Bank and Squire and Co liabilities drew cautious optimism. Clearing house plans advanced work toward resumed operations, with hopes of stabilizing the local market and noting perspectives from London observations.
MENTIONED IN THIS ARTICLE
Boston
United
New York
Stock Exchange
Clearing House Association
Globe
the Broadway
J. P. Squire and Company
Clearing House Committee
Broadway Bank
Squire and Company
Henry A. Wyman
Wyman
Squire assigns assets to protect liabilities in Boston
Joseph Squire & Co of 39 North street assigned today to G W Fiske & Co at 22 Blackstone street. Fiske said liabilities are very small and no statement of condition could be given. Assignment shields the firm as its name appears on substantial John P B Squire company paper.
MENTIONED IN THIS ARTICLE
Edwin Gould
Pp. S
Gould
Navy
Posll
McIntyre
Henry Allen & Co
Squire
Boston
Joseph Squire & Co
North Street
G. W. Fiske & Co
Blackstone Street
Fiske
John PB. Squire Company
Market Held as Noon Trading Shows Slight Improvement
A midday report indicates the stock market was in better shape than expected, despite two early failures by Dillaway and Starr and the London and Northern bank closing. Traders awaited bank meeting actions to relieve the situation while money conditions remained tight and prices fluctuated across stocks and mining shares.
MENTIONED IN THIS ARTICLE
New York
London and Northern Bank
London
Dillaway and Starr
Boston
London Exchange
Rolston
Bass
Federal Steel
Met
St. Ry
Manhattan
Leather
Continental Tobacco
Erie Telephone
Michigan
Montana
Osceola
Quincy
Tamarack
Butte
Cochitt
Amalgamated
J. P. Morgan & Co
New York Associated Banks
Clearing House Association
Boston Bankers Stand Firm Amid Market Turbulence
Mayor Quincy said Boston can weather extraordinary conditions with little derangement of values or credits. He cited rising security volumes and prices as evidence of sound finances and noted the mining sector’s sharp markdown showed bankers’ conservative approach. Seven members of the United States Mining Company pooling committee reported talks with W H Coolidge and assurances on their plans.
MENTIONED IN THIS ARTICLE
Quincy
Boston
United States Mining Company
Pooling Committee
W. H. Coolidge
The Money Stringency Faces Treasury Review
Secretary Gage weighing further steps to ease money strain centered in the east. Funds sent west for crops have not returned, banks hoard cash amid London gold taps and industrial over-speculation collapse. Treasury eyeing extended internal revenue deposits in national banks before transfer to the sub treasury.
MENTIONED IN THIS ARTICLE
Washington
Secretary of the Treasury
London
New York Clearing House Calls Presidents Meeting
The executive committee of the New York Clearing House Association issued a call for a meeting of presidents of member banks for 11 o clock tomorrow morning at the clearing house in New York.
MENTIONED IN THIS ARTICLE
Clearing House Association
New York
New York Clearing House Association
Clearing House
Table Linen Prompt in Palmer Street Alise
A quirky line urges Mr Reader to stir his wife's housekeeping heart with table linen, referencing Palmer Street and a person named Alsie in a dated, informal tone.
MENTIONED IN THIS ARTICLE
Mr. Reader
Palmer Street
Alsie
Wheat Boom Amid Markets Slump in South Africa News
Speculative markets faltered over South Africa while wheat surged, rising 2 cents per bushel from Saturday’s curb figures as local covering and outside interest expanded. Advertisements tout cures from Ely Brothers and Chamberlain’s Pain Balm, with testimonials from Rev. John Reid and D. B. Johnston praising reliefs for catarrh and rheumatism.
MENTIONED IN THIS ARTICLE
South Africa
John Reid
Tir
Great Falls
Mont
Higl
Francis W. Poole
Rh Pres
Helena
Rere Stewart
Jean Ave
Buffalo
Ely Brothers
Warres St
New York
Chamberlain
D. B. Johnston
Richmond
Ind
Also Mentioned on This Page
House
Associated Press
Turquois
Chas. W. Durant
Cor
Central and
Middle Sts
Lowell, Mass
Columbus, Marshall & Northeastern R. R
Joshua Brown & CO
BANK
State St
Snyder Bros
Merrimack Street
E. A.clark
Charles H. Cole
Boston ‘News Bureau
United States Oil Company
Joseph A. Coram
Lowell
New England Statist
Wall Street
Bright, Sears & Co
Alood As
Atchison, P
Ontansa, Ag
Centennial
Santa Ysabel
Utah
Wolverine
Mente Big Sig
Bell Tel
Dom
Erie
Federal Stee Ab
Tia
Sears
U. Pullman Pal
U.S. Rubber
Amer. Suar
Isie Roya E
Gage
G. Pollard
Merrimack, Palmer and Midi
Maynard’s Annex
Aiste
Children’s School
Lothrop
NEW York Bank
A. G. Pollard & CO
Grangers
J.R. Keene
Corey, Milliken & Co
Exchange
The
Courier
Yilears
Colorado
PEW
Denver
Col
Lee
A. Avery
Xoomeswan Bia
Aoe
Father John
Careton Hovey’s
Merrimack St. Tr
Cameron & Hovey
Merrimack St
Carleton & Hovey
Merrimack &T. Tr
Carleton and Hovey
Merrimack St. Ft
New York Cloak and Suit Company
John
Prikilier
John Spikehone
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!