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World at a Glance: Banking Hearings and Daily News
Senate banking hearings on Kuhn, Loeb & Co. loom as powerful finance house faces scrutiny though public interest fades. Also note odorless garlic hit market and record May shoe output 33 million pairs. Wall Street trims unemployment with hires. Ferdinand Pecorse busy in New York while Rep McFadden faces House exclusion from committees amid Morgan hearing fallout.
MENTIONED IN THIS ARTICLE
New York
Senate Banking Hub Committee
Kuhn, Loeb & Co
Otto H. Kuhn
Kuhn
Loeb
J. P. Morgan
Metropolitan Opera