AMERICAN BANKERS CONFER
FURTHER CREDITS SUGGESTED.
LITTLE EFFECT ON MARKETS. By Telegraph—Press Assn.—Copyright. Rec. 10.30 p.m. New York, Aug. 24. The Secretary of the Treasury, Mr. A. W. Mellon, arrived to-day and immediately went into conference with Governor Harrison of the Federal Reserve Bank. It is generally believed the conference concerns the British financial crisis. It is also reported that the most prominent bankers in the country were called in during the day to discuss the extension of further credits to the Bank of England. The presence of Sir Montagu Norman, Governor of the Bank of England, in Quebec gave further substance to these reports,
- The markets in America have not been seriously affected by the JJritish position. Trading in stocks has remained dull, the general trend being slightly lower. British Government stock declined slightly.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19310826.2.86
Bibliographic details
Taranaki Daily News, 26 August 1931, Page 9
Word Count
135AMERICAN BANKERS CONFER Taranaki Daily News, 26 August 1931, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in