File:History and reminiscences of lower Wall Street and vicinity (1914) (14763773894).jpg

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Identifier: historyreminisce00wake (find matches)
Title: History and reminiscences of lower Wall Street and vicinity
Year: 1914 (1910s)
Authors: Wakeman, Abram
Subjects: Coffee industry
Publisher: New York : Spice Mill
Contributing Library: The Library of Congress
Digitizing Sponsor: The Library of Congress

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Text Appearing Before Image:
JOHN ARBUCKLE, ARBUCKLE BROTHERS.
Text Appearing After Image:
GEORGE C. RAND, HARD & RAND. Boom and Decline of 1904 185 dosing was 540 points. Saturday, December closed 18.65bid; closed Monday at 16.00, 265 points decline, thenback to 17.00, one and one-half days, a variation of 365points in one day. 1904, the deline from Tuesday toFriday, four days, was but 205 points. Therefore, theboom and decline of 1904 was but a mere flea bite ascompared with that of 1887, when prices advanced from7.55 in July, 1886, to December 22.25, June, 1887—1,485points in one year! Confidence in our merchants had became so shakenby losses in the coffee trade, especially of those doingbusiness on Exchange, that some of the banks requiredletters from their customers, stating that they did nothave any Exchange transactions. The failure of one ofthe old houses that had enjoyed unlimited credit waspresumed to have been largely due to loses on the Ex-change. Previous to this coffee purchasers were onninety days notes, which were in demand by many oftown banks. A comp

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  • bookid:historyreminisce00wake
  • bookyear:1914
  • bookdecade:1910
  • bookcentury:1900
  • bookauthor:Wakeman__Abram
  • booksubject:Coffee_industry
  • bookpublisher:New_York___Spice_Mill
  • bookcontributor:The_Library_of_Congress
  • booksponsor:The_Library_of_Congress
  • bookleafnumber:225
  • bookcollection:library_of_congress
  • bookcollection:americana
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28 July 2014
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