Bankers and Rail Firms Face Turbulent Market Signals
Amid reports of financial strain, large employers including Bessemer and Lake Erie Railroad and Carnegie Steel plan payrolls next week as Cortelyou considers deposits and bank withdrawals. Key figures Morgan and other financiers are implicated in market reactions while banks prepare for possible fund movements and public notices outline partial wage payments and settlement steps.
MENTIONED IN THIS ARTICLE
Trust Company of America
Lincoln ‘Frunt Company
State Banking Department
Fierpont Morgan
Newcastle
Lyin Nanke
Dnanelal Cantera Greemille Pa
Te Bessemer and
Lake Erie
Carnegie Stent Company
Shelby Steel Tubs Company
Atl
Colambia
Marc
South Caroline
Columbia
Charleston
Isave Partilentes
James Me ‘Rea
de Pencavisaris
Rastrosd
Uuls
New York
Banks Seek Federal Help to Move Northwest Grain
Banks in Minneapolis and St Paul push for Treasury action to expand currency in the Northwest to aid movement of the Great Grain crop. Secretary Cortelyou plans government deposits and bank loans allied with Trust Companies to increase local circulation up to par value. New York and Washington bankers coordinate with Treasury to deploy funds and ease the credit squeeze across the Midwest.
MENTIONED IN THIS ARTICLE
Washington
New York
Wall
Minneapolis
St. Paul
Dong Tin
Northwest
St Paul
Stevy
Mae
Cortelyou
Minneapolia
Treasury Administration
Treasury Department
Donkie
Treasury
Fas sMnent Bonda
Militc
Bankera
Snanciera Mho
Peltey Ft la
Omietal
Aukh
New York Hookers
Fragmented OCR note on prime metal pricing and units
Vague OCR fragment references BHERP Ciluped 200R4 04 common 08 and LAMRApring. Mentions price per pound, prime material, and medium per win. Includes garbled numbers and unclear product names. No clear event date or identifiable entities beyond generic material terms.
MENTIONED IN THIS ARTICLE
Lamrapring
Slinten
Noma
Pittsburg Cash Policy Cited In Treasury Depository Ruling
Pittsburg officials and Secretary Cortelyou discussed relaxing daily government deposit limits. Current rules cap deposits at 30000 dollars. excess funds would be moved to cash or bonds as safeguards. Reports suggest changes aim to boost local liquidity and secure deposits by bonds with the Treasury. A San Francisco note mentions a shift toward fractional currency to address dollar shortages and adjust circulation.
MENTIONED IN THIS ARTICLE
Semeur
Inrvashington
Pittsbore
Nour
Secretary of the Treasury
Cortelyou
Dally
United States
The
Treasury
Pilsbury
Sanaters Knox
Pittsburg
Bank of England and French gold moves stir market
A chaotic note on gold flows shows the Bank of England may adjust its discount rate in response to American selling. Reports say the Bank of France and other lenders added large gold commitments but may not fully stem the pressure. The Oceanis left port with significant gold cargo for New York, while London shipments around 3 million dollars in gold were noted.
MENTIONED IN THIS ARTICLE
Bank of England
Arly
Bank of England of
Gii
Bank of Fngtend
Bank of France
London
Americon
Oceanis
Southeapton
New York
Portland
Strow
Period of financial strain foregrounded in trust bank turmoil
In a sweeping report, Thorne of the Trust Company of America defends rapid cash payouts and reserve strength amid a rare period of financial stress. He notes paid out deposits exceeding 2400000 and asserts no resignations or absorptions occurred, while committees review reserves and governance. The piece cites a broader banking panic and public concern, with experts reviewing company finances through a night of scrutiny.
MENTIONED IN THIS ARTICLE
New York
Lincain ‘Trust Company
Alug
Ex Neuiden
Oahleleb Thorne
Truat Company of America
Etragils
Omnany
Atoels Hokinis
Dubie
Financia
Stion
Mrster Amusement
Trust Company of America
Lesan
Atroxs T
Bern
Whh
Nisgiele
Afrectora Tvat
Collran
Comany of America
Purdue Wwrd
Urge Currency Reform Telegram From Midwest Business Groups
A coalition of St Joseph Missouri and regional business leagues urged President Roosevelt and Secretary Cortelyar to adopt currency legislation. The telegram, signed by St Joseph Business Mens League and Kansas City Commercial Club plus Chicago and St Louis groups, calls prompt action to reform the currency system and curb existing scandals. The message highlights demands for legislative measures, though some names and wording are garbled in transmission.
MENTIONED IN THIS ARTICLE
Hmizguum Business Orgumentyoon
Opinuon
St Joseph Mo Ney 6
St Joseph Business Mens League
Kansas City
Imianewe
Beiymede
Ohio
North Titmay
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