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The Week in Trade and Finance.
- Source :
- Nation; 9/18/1873, Vol. 17 Issue 429, p200-200, 2/3p
- Publication Year :
- 1873
-
Abstract
- The article focuses on several issues related to finance in New York. Last week was what might be truly termed a lively one in Wall Street. On Monday, the announcement was made that the New York Warehouse and Security Co. was in trouble, which soon proved to be true; it was ascertained that their troubles were brought about by making large advances on railroad paper endorsed by certain individuals. The weekly statement of the city banks is again unfavorable. The surplus reserve is entirely lost in both State and National banks. The loss in reserve is $3,287,400, of which $1,962,700 was in legal tenders, which have probably been sent West.
- Subjects :
- FINANCE
SECURITIES industry
BANKING industry
SURPLUS (Economics)
REVENUE
LEGAL tender
Subjects
Details
- Language :
- English
- ISSN :
- 00278378
- Volume :
- 17
- Issue :
- 429
- Database :
- Complementary Index
- Journal :
- Nation
- Publication Type :
- Periodical
- Accession number :
- 14108100