![]() ![]() The result altogether is that total bill and security holdings of Government securities have also increased, rising from $50,292,000 to $53,957,000. $171,176,000 and at the same time the holdings of LONDON OFFICE-Edwards & Smith, 1 Drapers' Gardens, London, Gray, Western RepresentĢ08 South La Salle Street, Telephone State 0613. Simply to expedite the distribution of the bonds and openĬHICAGO OFFICE-In charge of Fred. Not to await the arrival of the over-night mail was other Tions mailed late on that day and which thereforeĬould not be received until Wednesday. Were closed on Tuesday night without awaiting,īanks in the New York Reserve district, itĪs has been past custom, the arrival of subscrip- that Issues were heavily oversubscribed and the books BothĮring its operations not only with the 44 Statement coving a maturity date of one year from Dec. Tificates running nine months and $300,000,000 havfrom Serve having fallen during the week only fromĭebtedness. L Reof $500,000,000 of 41 4% Treasury Certificates of In/ Of the 44 member banks at the New York Federa Has been the success of Secretary Mellon's offering Tended by very little reduction in member bankĪnother favorable development, the present week,īorrowing at the Federal Reserve Bank, the A year ago, in November 1927, theīeen atsteel product was no more than 3,127,015 tons. Previous November high figure of 3,902,900 tons reAnother fact should not be overlooked. 5 and comparingĬulated output, at 4,259,380 gross tons, displaced the Vember in the history of the steel trade. Vember was the highest ever recorded for any Noever before, being $2,336,582,000 now (Dec. Ingot production in the United States during Nohave risen still further and are again higher than Others"-the most objectionable class of loans. ItĠ00 and the latter from $1,837,905,000 to $1,794,073,appears, too, from the monthly statistics furnishedĠ00, while on the other hand, the loans "for accounīy the American Iron & Steel Institute that the steel of Having dropped from $1,271,405,000 to $1,045,096,added, will probably set a new December record. Make for account of out-of-town banks, the former Strip, are offset in part by releases of rail and tin Ucts, it is stated, such as bars, shapes, sheets andįor their own account and in those which they Tapering specifications for some prod44 reporting member banks in New York City make Week, it appears, is entirely in the loans which the The business outlook for the early part of 1929 is Spects, also, this week's statement of brokers' loansĮxpectations as the year-end approaches And that In other rereview tells us that steel production is exceeding The steel trade is, of course,įigure it still compares with only $3,558,355,000 atĪ key industry, and the "Iron Age" in its mid-week 12 is down to $5,175,751,000, at which reducedįuture to reveal them. The speculative stocks bauble, it will remain for theĭec. If any ill effects are to follow from the collapse ofĪug. General trade continue satisfactory in the extreme.ĭuring which the total rose from $4,201,131,000 on R, the shrinkage is comparatively light, bearhas received during the last ten days, it is gratifying in mind the magnitude of the antecedent exing to find that accounts regarding the state of pansion After all,Īfter the severe shaking up that the stock market howeve The aggregate of these loans this week is found to be $218,The Financial Situation.Ĩ39,000 lower than that of a week ago. ![]() ![]() Treas., William Dana Seibert: Sec., Herbert D.Seibert. Looked for as a matter of course, and expectation in President and Editor, Jacob Seibert Business Manager, William Published every Saturday morning by WILLIAM S.DANA COMPA Would have in reducing the heavily inflated total ofįront, Pine and Depeyster Streets, New Yorkīrokers' loans. With the tremendous liquidation which it involved, This week's Federal Reserve statements wereĪwaited with considerable interest in order to ascertain what effect the collapse in the stock market, In the easing of the money tension this week. Pleasing feature and no doubt it played some part Week, but the over-subscription is nevertheless a Government obligations, as narrated here last Of the special inducements always existing in subscriptions on the part of the banks to offerings of The success of the offering was, of course, a foregone conclusion in view For theīank and Quotation Record the subscription price is $6.00 per year The following publications are also issued. Within Continental United States except Alaska #Kinemac 1.9 full#The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies. ![]()
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