Gossip of Wall Street Shaw's mixed Wall Street role
Special to the Indianapolis Journal New York Oct 4 Secretary Shaw leads in Wall Street this week gaining notoriety as a market factor While he moved to balance Treasury duties with market interests he faces criticism and praise The week’s events include a $40 million liquidity move easing markets and hints of another forthcoming bull move Two major deals loom American Ship Combine nearing 200 million and British treaty with J Pierpont Morgan plus Louisville and Nashville control shifting to Atlantic Coast Line bringing large profits to Gates Hawley and associates
MENTIONED IN THIS ARTICLE
Indianapolis Journal
New York
Shaw
Wall Street
the Treasury
Treasury
Financial Center
United States
Commission
Combine
J. Pierpont Morgan
Louisville & Nashville
Mr. Morgan
Atlantic Coast Line
Louisville& Nashville
John W
Wall Street Steel Syndicate Profits Reach Record
The Steel Trust Underwriting Syndicate pays out 10 million to subscribers, bringing total in the last year to 40 million with a large remaining balance. Experts estimate potential net profits near 90 million after expenses. Morgan and his firm are said to earn at least 20 million. The scheme involves stock gifts totaling 130 million and faces scrutiny amid inflation forecasts for gold.
MENTIONED IN THIS ARTICLE
I Oi Seache
Steel Trust
Morgan
Wall-street
Financial
Mints Roberts
Roberts
Federal Controller and Dawes Case Highlights Bank Liquidations
The Kansas City Journal reviews Charles G. Dawes's article on bank liquidations under the controller of the currency. It notes that national banks failed at much lower costs to creditors than state banks, cites assets and recoveries, and recounts cases of assets managed by controllers including farms, trains, and a newspaper. It also mentions a Chicago director who sacrificed $1,000 of his holdings to protect depositors and creditors, and emphasizes the overall safety of the national banking system since 1864 with losses of deposits totaling only about one seventeenth of one percent.
MENTIONED IN THIS ARTICLE
Kansas City Journal
United States
Charles G. Dawes
Saturday Evening Post
Dawes
Mr. Dawes
Chicago Calumet Electric
National Bank of Illinois
Chestnut Street National Bank of Philadelphi
Record
Chicago
Controller's Office
Fifteen Policemen in Trouble in New York
Fifteen policemen from various precincts were ordered to appear for trial at police headquarters on charges of attempts to influence the public. The charges stem from advertisements featuring photographs of the officers and letters touting the benefits of a medicine, published to sway public opinion.
MENTIONED IN THIS ARTICLE
New York
Week in Wall Street Markets Hits Post Crisis Turbulence
The New York stock market fell one to three points amid renewed tension after coal talks failed to settle and a bank reserve dispute. Treasury relief actions, including reducing cash reserves for government deposits, spurred a sharp rebound the next day, but money rates stayed high. Banks faced continued loan contraction as domestic needs and foreign credits constrained liquidity, with optimism remaining about overall prosperity despite volatility.
MENTIONED IN THIS ARTICLE
New York
Washington
Shaw
Clearing House Commission
Clearing House
Imperial Bank of Germany
Bank of England
London
France
Secretary of the Treasury
Stock Exchange
Paris
Berlin
Banks of
England
Transvaal
San Francisco
Financial market brief across major cities
Indianapolis reports commercial paper at 4.6 percent and time loans at 576 percent with weekly clearings of 11.4 million and week balance around 1.63 million. New York money on call shows one loan at 3 percent, sterling exchange firm, and various itemized bills and clearings across Chicago Philadelphia St. Louis Baltimore Cincinnati with figures for each.
MENTIONED IN THIS ARTICLE
Indiana Mortgage & Loan CO
Lombard Bidg
E. Wash. St
Indianapolis
New York
Ime Mercantile Paper
Sterling Exchange
Bankers
Chicago
Philadelphia
ST. Louis
New York Exchange
Baltimore
Cincinnati
Money Rates Abroad and Treasury Statement Note
London lists short bills at 6 24 per cent and three month bills at 3 percent. Paris notes three per cent rentes at 100f for the account with London exchange at 2f 1sc for checks. Spanish fours quoted at 8.10 dollars ex. inter. Germany discount rate raised from 3 to 4 per cent. Washington reports Saturday’s treasury general fund balances.
MENTIONED IN THIS ARTICLE
London
Ieeas
Paris
Exchange
Lsc
le Ie
Germany
New York Port Trade and Metal Prices Highlight Week
New York reports show bar silver at 204 1 2 pence per ounce in London on exchange. Exports of specie from New York to global markets reach 1,423,896 in silver and 6,308 in gold, while imports of silver total 4,614 and gold 323,408. Dry goods and merchandise imports valued at 12,815,400 for the week.
MENTIONED IN THIS ARTICLE
New York
London
Weekly bank statement shows declines and reserve shifts
The New York weekly bank statement issued October 4 shows decreases in loans deposits and reserves under the clearings rule. Government deposits influence reserves and analysts note surpluses compared with prior dates, with notable cash and circulation changes across banks.
MENTIONED IN THIS ARTICLE
New York
United States
Clearing House
New York Associated Banks
Shaw
Private Wire Advises Market Slump After Conference
New York the coal strike failure at the President's conference weighed on early trading today. The market opened with slight declines but found support at lower levels with notable strength in St Paul and select stocks such as Fuel and others.
MENTIONED IN THIS ARTICLE
Meyer & Kiser
New York
St. Paul
Posnercape Ae Glesaee
Coal strike policy in focus as market eyes New York
In New York on October 4 the main issue is the coal strike crisis and the president's attempt to end it. Market sentiment leans toward a continued effort, with foreigners bearish and a lower market forecast for Monday. Banks report a mixed closing while commission houses urge selling blocks amid uncertain outlook.
MENTIONED IN THIS ARTICLE
Granger Farwell & Co
New York
Wall Street
Flurry in Wall Street Not a True Crisis
The New York Evening Post says the Wall Street flurry shows no signs of a commercial crisis. With rich industrial activity, full employment, and ample harvests, the market is a local fluctuation likely to pass, while banks and merchants remain able to meet obligations.
MENTIONED IN THIS ARTICLE
New York Evening Post
Wall-Street
Wall Street
Paris Letter Fragment Sparks Street Scene
A Paris street scene notes a child tearing up paper pieces and a mother forced to pick them up as a passerby scolds the girl. The incident, witnessed by a little visitor to Pane, shows a moment of confusion over fragments tossed on the pavement.
MENTIONED IN THIS ARTICLE
Pane
Also Mentioned on This Page
Indianapolis Fire Insurance Consumers’ Gas Trust
Union Traction
American Nat’! Bank
Newvton Todd
Fletcher Bank
Gere
Richard Oliver & Co
Chicago Stock Exchange
Williams
Lemeke Building
THE
Marion Trust CO
CIRC
W.J. Holliday & Co
Indiana Trust
Indiana Trust Building
Indiana Trust Co
New Telephone Co
Union Traction Co
of Inn
American National Bank
Lathrop & Haueisen
Law Building
W. Dare
Epwakrp H. Dark
W. W. Dark & Co
the Central Trust Company
East Market Street
A. W. Thomson
S Ingalls Building
Chicago Board of Trade
Ftain
A. M. Flet
York
Logan &Sen Sue
Nsosh
Sanford Makeever & CO
Adams Sr
BroaDway
Shane
Amavican
Fuel & Iron
Iron & Steel
Tron & Steel
Coal & Lon
United States Leather
United States Steel
Railway Steel
A. T
Baltimore & & Ohio
Canadian Pacific
Chesapeake & Ohio
Chicago & Alton
Chicago Greatestern
Kansas
Kansas City
Louisville
Nashville
Missouri Pacific
Norfolk & Western
Out
West
Pennsylvania Aerees
Phila
Reading
Su Phila
St. L
T. L
Southern Pacific Southern Railway Ae
Texas ‘Acconve
Union Pacific
Wateres
Wabash
Ww. & E. Fst
Wisconsin Central
B. Manhattan Elevated
R. T
Street Railway
Western Union
Cole
Bur
Ser Fours. & I. Fives
Thasine
Atchison General
Atchison Adjustment
Baltimore & Ohio
Baltimore Ohio
Canada
Denver City
Hocks
Louis
Valley
Nash
Unified
Mexican Central
Mexican Central Ist Inc
Minn
Kan
Texas
New_York
N. Y. Central General
I Central General
Northern Pacific
Weee
Norfolk & Western Consol
Eral
Anne Reecing
Aron
Mountain Consol
Isco Fm
St. Louis Southwrestars
St. Louis Southwestern
San Antonio
West Shore
Lake Erie
Tadiahapolis Street
American National
Capital National
Central Trust Com
Columbia National
Indiana Trust Com
Indiana National
National Marion Trust Company
Secure Trust Company
Pee Union Company
American Central Life
Atlas No
Indiana Hotel
Indianapolis Fire Insurance Co
Ies
Indiana Title
H. P. Wasson
J. T. Polk Co
Union Surety Company
Broad Ripple
Light. Co
Indianapolis Gas Company
Ing
United Box Board
Ings
Treasury Statement
En Security Trust Company
North
Pennsylvania Street
Americus C. Dally
0. M. Packard
Gavin L. PA
George J. Marott
F Churchmas
Midland Portland Cement Company
Orlando M. Packard
Fred W. Spacke
Treas
V. C. Foulke
Security Trust Company
Lasalle St
Curcaco
Dankers and Brokers
New York and
Albert R. Thompson
Mgr
Lombard Building
Ind
Stevenson
Ing House
Robert C. Finch
Stevenson Bidg
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!