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Waterloo Evening Courier in Waterloo, Iowa

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Waterloo Evening Courier

Location

Waterloo, Iowa, United States of America

Date

Dec 04, 1912

Page

6

MacVeagh Urges Radical Money Reform for U S

Secretary of the Treasury Franklin MacVeagh calls for radical reform of the banking and currency system. He warns Congress that under the current setup the federal government bears the burden of panics and economic distress and urges a central cooperative agency free from political control to supervise independent banks. He also cites expected deficits for the 1914 and 1915 fiscal years and promotes customs, currency, and pensions reforms.

Secretary of Treasury Washington United States Franklin MacVeagh the Treasury Congress MarVeagh Treasury Department Panama Juneau Wilson MacVeagh Secretary of the Treasury Banks Thn

Annual Meeting Set for December 10

The Chamber of Commerce and Waterloo club call for their annual meeting next Tuesday at 7 36 o clock in the club rooms over Pinkerton grocery. Officers for the coming year will be elected and plans outlined for a broader campaign. Lamson, president since the merger six years ago, declines reelection with C L Wingsley noted as possible successor.

Chamber of Commerce and Waterloo Club Pinkerton Lamson C. L C. L. Wingsley W. Brown OL. Norther EL Sed Wreck Ita Hoover W. W. Marsh William Galloway C. Eo Pickett FLW Powers Metthiones K. Jeder Berkl L. Kingsley C. Hartman Wihas Wood O. Bernbrock Brown

Moneyed Circles Brisk as Banks See Reserve Drafts

The money market is brisk in Waterloo and central Iowa as banks report heavy drafts on reserve funds. Farmers’ crops slow movement and hog cholera losses reduce deposits, while New York call money climbs to 14 percent. Saloons’ closure shows no immediate bank impact, with deposits expanding across institutions. six months to a year may reveal clearer effects.

Waterloo Iowa New York

Market summary from Genchal Markets Chicago wheat and hogs

Disappointing wheat trade as buyers hold back with good Argentina harvest weather and steady export demand at Kansas City. May futures show small moves around 901/2 to 903/4 while corn weakens on liberal selling. hogs advance amid limited stock and pork at 18.57 1/2, lard 10.15, ribs 9.87 1/2.

Chicago Argentina Kansas City Liberal Commission Ohio

St Louis and Omaha Livestock Prices Reported

Market notes from St Louis and Omaha show cattle and hog receipts for December 4 with mixed prices across beef steers cows and heifers hogs and lambs. Chicago prices echoed conservative cattle and sheep shifts with cash wheat corn oats and feed markets also updated.

ST. Louis Omaha Neb Der FAO Texas Ata Cp Rae Retead Chicago

Also Mentioned on This Page

M’veagh Sereretary MarVough Bureau of Engraving and Printing Life Saving Service Il Service Chamber OF Commerce Rith Bowen Cortland Phtheria Union Painless Dentists Commercial West Waterloo Brigk Grops Genchal Markets Lamson Bros. & CO Chicago Board OF Trade J. E. Meckiroy Marsh-Place Market News Minnesota Wisconsin Michigan Clogo N.S Louis Minneapolis Wellington San Orb Airy Potter Rene Greer Ae Marium Lemalt Dee. Oeane Dee Jan Th Halio Jan Ee Tee Ae Neek Woods Bros Great Clearance Werner Mehlin & Sons ESTEY Mehlin J. & C. FISCHER—_EMERSON Hobart M. Cable—Schiller Smith & Barnes Oakland Milton—Werner Hobart M. Cables
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