Business & Finance: Index: Sep. 3, 1928

Securities. Bulls rejoiced at the stock-market's unexpected spurt of strength.

Banks. In Chicago, bankers foresaw a merger of the two "biggest" institutions, forming the second largest bank in the U. S. (see p. 32).

Siam abruptly substituted, as a monetary unit, the baht for the tical. Traders wrestled, last week, with the baht; tcher-vontzi (Russian); lei (Rumanian); zloty (Polish); escudo (Portuguese); quetzal (Guatemalan).

Rails. Southern Pacific announced, last week, election of able Hale Holden, now president of the Chicago, Burlington & Quincy. to be Chairman of the Executive Committee of Southern Pacific. Railroader Holden has won bright fame as chief lieutenant of astute Arthur...

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!