MONEY MARKET IN NEW YORK.
PANIC AVERTED*
Pren Association. ElectricTtfogntik,
Copyright* Received October 2,9.30 a.m. New..TobkjOctober 1.
Owing to the tightness, olmoney in New York, heavy sales of railroad shares have been made. :
A panic appearing imminent the Treasury released 40,0tK),000dol. by announcing that the banks did not require to carry a reserve against Government deposits;-' which w"e&> secured by Government bonds. This resulted in an immediate rally of stocks.
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Bibliographic details
Marlborough Express, Volume XXXVI, Issue 230, 2 October 1902, Page 2
Word Count
70MONEY MARKET IN NEW YORK. Marlborough Express, Volume XXXVI, Issue 230, 2 October 1902, Page 2
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