AMERICAN FINANCE. GENERAL RISE IN SECURITIES.
RUN ON A BANK. , STATE ASKED TO TAKE CONTROL. By Telegraph. — Press Association. — Copj'right NEW YORK, 27th January. The Banker's 1 Magazine states that 387 representative Stock Exchange securities appreciated 62 millions last month. Owing to unfavoura-ble- rumours and the continuous drain on tho bank's resources, with tho prospect of heavy withdrawals to-day, the directors of the National Bank of North America, with two million dollars capital, has. requested the Comptroller of the Currency to assume charge, with a view to insuring equal treatment of depositors. GENERAL RISE IN SECURITIES. LOSSES OF THE NATIONAL BANK. (Received January 28, 8.57 a.m.) NEW YORK, 27th January. A receiver has been appointed for the National Bank of North America. The deposits in the bank in Juns last amounted to nearly 20 million dollaxs, but during the crisis they declined to two and a-half million. SENATOR ALDRICH'S BILL. BIG RESERVE PROVIDED FOR. (Received January 28, 9 a.m.) NEW YORK, 27th January. Senator Aldrich has amended his Emergency Currency Bill by doubling the amount provided for, which now stands at 500 million dollars (over £100,000,000 sterling).
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Bibliographic details
Evening Post, Volume LXXV, Issue 23, 28 January 1908, Page 7
Word Count
187AMERICAN FINANCE. GENERAL RISE IN SECURITIES. Evening Post, Volume LXXV, Issue 23, 28 January 1908, Page 7
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