Balti city bank deposits and draft commissions noted
The notice lists deposits received and interest allowed on balances subject to draft at sight. It states commission orders executed in all principal markets.
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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Jun 28, 1909
Page
10
The notice lists deposits received and interest allowed on balances subject to draft at sight. It states commission orders executed in all principal markets.
Turbulent European markets see a bear led sell off with prices slipping on Monday and large new securities issues from industrials and railroads. Union Pacific and Third Avenue maneuver amid reorganizational talks as analysts note strong earnings and potential asset retirements.
London June 27 The Stock Exchange carried through a difficult settlement as banks funded half year window dressing while money rates stayed low. American exchange rose signaling profitable U.S. gold shipments ahead. Harriman health rumors from Vienna initially weighed on markets but improved after updated condition and tax plan changes. Steel sag from Paris listing failure eased amid hopes of a genuine U.S. trade revival.
Berlin financial markets ended the week in gloom amid anxiety over domestic politics and anti-capitalist Reichstag plans. Trading was nearly at a standstill with late-week price declines in German government loans, though the quarterly settlement and US market news offered brief optimism. Local iron trades improved while American rails closed little changed.
Paris authorities reported a general mood of low sentiment on the Paris Bourse during the past week with most business in realizing. Selling pressure stemmed from London and Berlin with Brussels a major influence as Morocco troubles and Crete tensions fed unease. French treasuries, Russians, Turkish funds, and South African mining shares were affected by the cautious climate.
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