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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.

Details

Language :
English
ISSN :
00278378
Volume :
17
Issue :
429
Database :
Complementary Index
Journal :
Nation
Publication Type :
Periodical
Accession number :
14108100