Business & Finance: Index: Sep. 10, 1928

Securities. A renewed bull market swept stocks to new high levels for all time (see above).

Banks. The present second largest bank in the U. S. (Chase National) opened its new building at Nassau, Pine and Cedar streets, Manhattan. Visitors noted, through obscuring chrysanthemums: steel vaults five stories underground and five stories above ground; a long open counter in place of tellers' cages; bullet-proof glass capable of withstanding machine-gun fire.

The potential second largest bank in the U. S. (the merged Continental National Bank & Trust Co., and the Illinois Merchants Trust Co., both of Chicago) remained an interesting rumor. Interesting, also, was...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!