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Focuses on the money game in the financial center Wall Street, in lower Manhattan, New York City as of March 12, 1977. Conclusion regarding the money market in a thesis written by Louis Bachelier, a French mathematician; Significance of Bachelier's hypothesis; Description of the stock market in the city.

The article presents information on various socio-political developments around the world. The Republican Party in New York was reorganized in 1871, by Jackson S. Schultz and William Orton. George Bliss has since then taken over the reigns. George Bliss is a person who excites a good deal of hostility, for one reason or another, but he enjoys one great advantage over his enemies in that they never know where to find him. The present stringency in the money market is due in part undoubtedly to the operations of the Treasury, whereby several millions of dollars have been temporarily locked up to meet the December call for bonds to be redeemed.

The article reports on the fall in the earnings of U.S. banks in the first quarter of 1947. It informs that New York banks, including J.P. Morgan & Co. Inc., and Bank of Manhattan, recorded a fall in earnings by 20% and discusses various factors that have contributed to the downfall which include present condition of the money market, and rise in operating costs. It also mentions about the optimism expressed by experts that the bank earnings would not drop more than 15% as compared to 1946.

This section offers banking news briefs in the U.S. as of July 14, 1934. New York money market rates for call and time loans and commercial paper continue to decline at record low numbers while private lending on mortgages started before the operation of the Federal Housing Administration. Bonds have reached a high point for the year in the market including U.S. government bonds and foreign bonds. Increasing interest of the public in stocks has led to a rise in prices and increase in volume that could be due to the control of Washington over Wall Street.

This article focuses on the proposal by a committee appointed by New York Governor Averell Harriman to create a School Financing Authority to assist financially-challenged school districts to raise money for school construction. School districts that need to build new classrooms to absorb the increasing number of students are finding it difficult to access the money market because of stiff interest rates. The School Financial Authority will address this problem of high interest rates by buying construction bonds from these school districts.

The article presents political and economic updates of the U.S., as of March 13, 1879. The Board to investigate the Cheyenne, Wyoming, massacre, which assembled at Fort Robinson, Nebraska, at the end of January last, has concluded its report. It recommends that no further action be taken in the matter, as it was the evident desire of every one concerned to carry out the orders of the U.S. Government in the most elective and yet the most humane manner. According to another update, the New York money market has "hardened" during the week, and rates for all classes of loans have advanced 1 to 2 per cent. The immediate cause of this is the continued reduction in the bank reserve, which has brought the surplus down to $4,215,725, against $13,983,825 a year ago. The remote cause was the transfer of legal-tender notes from the banks to the U.S. Treasury on account of subscriptions for the United States 4 percent and settlements therefore.

The article discusses the unloading of close-end funds in New York City. A close-end fund is an investment company that brings out a fixed number of shares. The volume in close-end offerings increases as they trade at a discounts or unload funds. The special value in close ends is the vanishing of discounts that will give the shareholder a full intrinsic value of the assets.

The article presents information on the financial markets information firm, Bridge, in Manhattan, New York. Bridge and a handful of others have emerged as second-tier players in a business that begins with 5 billion dollars in total sales of real-time market data. By the time one adds historical data and analytics, and the trading services that interactivity allows, one may be up to 50 billion dollars. The clientele is traders, bankers, money managers, brokers and financial planners. In a static market there may not be room for everyone.

The article focuses on the fall in the price of government issues and their demand. It is informed that New York City banks will raise their lending rates. The possibility of a boost in bank rates is not helping the bond market. Institutional investors who would be buying bonds are holding off to see the future.

It was recognized, by every one conversant with financial movements, that the events of last week on the New York money market would provide the first real test of the new American banking system's ability to deal effectively with a temporary strain on credit. Since the Federal Reserve Banks went into operation in November 1914, no such occasion had arisen. The week opened with New York's surplus bank reserve at the lowest figure ever reached, with one exception, since the new banking system was established; with call money at 6 per cent, and with very general expectation of a money squeeze of exceptional severity.

The article discusses about the changing trends in money market. Evidences of a world-wide return to sound conditions in the money market have not ceased. In the face of the Stock Exchange reaction, two of the great European banks last week made further reduction in their rates, while the open market price of money reached still lower figures, both at London and at New York. There have also been signs of reviving activity in steel trade, where prices, last week, advanced sharply for the first time since 1912, with orders on hand 10 per cent, above the January average and 20 per cent, above December.

Two incidents of the past week, more or less connected, threw some additional light on the remarkable state of affairs in the U.S. finance and industry. One was the resumption of the gold import movement from London to New York, nearly $2,000,000 has been taken within a week. Europe had expressed the hope that in the present tension of its own money markets and with the Balkan affair still on the calendar unsettled, drafts on its gold supply might be postponed. Rates for Wall Street demand and time loans stood at 6 percent, when the gold imports began. This recent sharp movement of foreign exchange in favor of the New York market was largely due to London's repurchase of a part of stocks which she sold thus last month.

The article discusses the changes that have been taking place in the money markets of New York and also cite probable reasons for the change. This have been the result of ignoring the influence of rise in autumn money markets. A visible weather signs have given evidence of a changed condition. A week ago, call money at New York rose to 3 per cent, and loans on time advanced 1 per cent, over the prevalent rate of September's opening. The two exceptions of 1902 and 1899, were years of excessively disordered autumn money markets, both witnessed deficits in the bank reserve. The change within six weeks in the bank position came as a consequence of decreased cash reserves.

On April 13, the weekly statement of the New York Associated Banks reported an increase of $36,968,000 in loans and Wall Street announced at once that this was the largest weekly loan expansion ever known. The magnitude of this recent increase in the loan account results partly from the suddenness of the fall in New York money rates a consequence of the Stock Exchange liquidation and partly also from the fact that rates at interior money markets have not declined so rapidly. This suggests that the West, if its own trade activity continues unabated, may possibly have less money to spare when Wall Street again tries to finance the boom.

The article reports that a problem that surfaced in the International Business Conference in Rye, New York in 1944 concerns the scarcity of dollars and accumulation of sterling credits. English monetary resources are said to be widely distributed in Europe and Asia with many assets known to be non-convertible to dollars except at a great loss. England has lost investment income with the liquidation and depreciation of overseas assets during the war.

The article reveals financial sector updates, where the New York banking sector dropped its call money rates to 1.5 percent, and the New York Federal Reserve Bank revealing brokerage loans dropping to 3.42 billion dollars.

The article reports that rebranding is gaining friction among Fund companies of the United States. The Reserve Funds of New York, the first money market fund, has decided to drop the "Funds" from its name and become "The Reserve." The asset management and insurance division of the American Express Co. is rebranded as "Ameriprise Financial Inc." and its American Express Funds were rebranded as "RiverSource Funds." Kendall Ross Brand Development & Design's principle and creative director, David Kendall informs that rebranding gives a company an opportunity to differentiate itself and expand its market.

Reports that traders at New York City's Commodity Exchange Inc. soon will be recording their day's work on handheld computers. Information that AGS Information Services Inc. a subsidiary of Nynex Corp., plans to test its new lightweight machines early next year. Description of the way these machines will work; Availability and price of these machines.

The article focuses on the high rate of returns offered by banks for the certificates of deposits (CDs) in New York. It reveals that New York has average rate of returns that are 1.2% higher than other money market accounts. Irving Trust Co. is just one of the financial institutions in the state that pays higher account rates on money markets or CDs. Moreover, it states that the tight competition among New York lenders with stockbrokers, mutual funds, and the U.S. Treasury is inducing the trend.

The article provides information about current developments and trends in the money market of the U.S. The more settled condition of the money market has stimulated business in commercial paper. The sales of the week have been at rates ranging from 8 to 10 percent. The city banks are overloaded with national bank notes to such an extent that they ham been glad to sell them to brokers at a discount of 1/4 percent in order to get rid of them. At certain times of the year these notes cause great trouble to the banks here, owing to the fact of there being no place for their redemption. The feeling among stock speculators in Wall Street, New York is one of disappointment at the delay in the upward movement of prices, which it was confidently expected would follow the return of easy money.

The article focuses on the possibility that borrowers abroad that failed to find capital overseas may return to New York following the U.S. Congressional passage of the proposed interest equalization tax.

This article focuses on the financial market in the U.S. and Europe. London found itself confronted with imminent contraction of its money market resources, through call for payment of $60,000,000 to $70,000,000 back taxes. These conditions had arisen at a moment when the Bank of England's position was weaker than in any spring-time season since 1899. New York was simultaneously confronted with unprecedented demands for investment capital. During the same period, other London banks were cautiously increasing their balances at the Bank of England. At this time in 1909, a spasmodic trade recovery had begun in the U.S. It was clear that if this recovery were to continue unchecked, it would need for its own uses all our available supplies of capital. It is possible, though one may hope not probable, for high finance to do what it did in 1906 and 1909, stimulate speculation, divert capital from channels where it is sorely needed into those which have no right to it, and thereby help towards upsetting things again.

The article reports on the move of the New York banks, lead by Bankers Trust Corp., increasing prime rates to borrowers. It stresses the big question whether the Federal Reserve will lock the interest rate structure by raising discount rates. It mentions the disagreement in the Federal Reserve which has kept the discount rate at 3% since last August 1957. Moreover, the impact of increasing prime rates on the money market is depicted.

The money market remains easy at 2 to 3 per cent on call, and moneylenders have had great difficulty in using their surplus funds, even at the low rates prevailing. Money on time has been offered lift thirty days at 3 per cent and the demand for prime names exceeds the supply. The weekly statement of the New York Clearing-house banks showed a further falling-off in the surplus reserve, amounting to $660,275. The surplus reserve is $15,179525 over the amount required by law, and is not likely to fall much below that figure.

The article reports on the efforts of small firms to penetrate the research market in New York. Smaller asset managers plan to build their own in-house research team and increase the use of their independent research shops to get into the market. Firms prefer to have research teams because of their difficulties in making deals with brokerages and gaining profitable incomes.

The article offers news briefs related to business and marketing. The union representing school bus drivers and matrons in New York City is voting whether to authorize a strike when its contract with about 25 bus companies expires on June 30, 2006. A spokesman for Amalgamated Transit Union Local 1181 said that summer school and recreational programs could be affected by a strike. The Nasdaq Stock Market is under increasing pressure to force the London Stock Exchange into a merger following the official announcement of the combination of the New York Stock Exchange and Euronext.

The article presents information on conferences related to the business field that will be held in New York City. The National Association of Women Business Owners will held networking reception on September 13, 2005. New York Public Library's Science, Industry and Business Library will hold a workshop on doing business with China on September 14, 2005. New York Commercial Real Estate Women Network will hold networking reception and panel with leading ladies of the capital markets on September 14, 2005.

Two corrections to articles published in previous issues of the journal are presented including the "In the Markets," in the January 24, 2011 issue and the "New York, New York" in the January 24, 2011 issue.

The article offers news briefs related to financial market in New York. Banks may have to curtail some of their riskier activities as the proposed financial reform is expected to become a law. Many clients of Ovation Corporate Travel went to Great Britain for merger & acquisition (M&A) deal talks following Icelandic volcano eruption. After an explosion sank an oil platform, BP lost 26 billion dollars market capital.

The article reports that the credit crunch will continue until the residential market stabilizes, according to speakers from the International Council of Shopping Centers Inc. (ICSC) Capital Markets Conference in New York City, New York. It is inferred that the liquidity crisis which first affected the shopping center sector in August 2007 is probably to drag on into 2009. Also included are statements from Michael A. Marriott, managing director of Credit Suisse regarding the U.S. market.

The article focuses on the financial performance of New York-based Reserve, a leading money market firm. It is stated that the company has seen its assets climb $3 billion, or 5%, to $68 billion recently. Bruce Bent, chairman of the company, said that the world is not coming to an end, but that is the approach investors are taking on it.

The article reports on the loan modification concept proposed by the investment bankers, lenders and servicers for loan borrowers in New York City. The loan modification will assist the borrowers on their monthly payments by keeping the interest rate at the starter rate. According to Federal Deposit Insurance Corp. (FIDC) chairman Sheila Bair, the mortgage-backed security (MBS) investors and other industry participants will work together to modify and restructure troubled loans.

The article reports on the new office of the HSBC Bank USA to aim a six-figure affluent clients in White Plains, New York. The bank offers enhanced services such as higher interest rates on money market accounts and discounts on some loan products plus the services of a relationship manager. Steven Cohen said that the company was able to offer more services to relationship managers and advisers who will do more than take deposits and loans.

Describes the effect of the expansion of range of collateral acceptable for use in the discount window by the Federal Reserve Bank of New York on the money market. Bonds they were declared suitable for collateral purposes; Information on the December 1999 eurodollar futures contract; Impact on swaps.

The article presents information related to business and finance. Insurance claims from the huge bomb blast in the City of London, England were expected to be around $472 million. The government said it would help meet some of the cost of the damage. Banks involved with London's Canary Wharf project agreed in principle to put up another $786 million to get the project back on the road again-under their ownership. Confidence returned to the market for gold after it reached a six-month high of $352 in New York. New York's Commodity Exchange, which recently lost the Chicago Board of Trade as a prospective partner, received an offer from the New York Mercantile Exchange.

The article reports that Municipal and Infrastructure Assurance Corp. (MIAC) has already received a license from New York to join the National Association of Insurance Commissioners' (NAIC) pilot program designed to expedite the insurance licensing process in all 56 member jurisdictions. MIAC executive vice president Richard Kolman considers the NAIC approval as a key milestone as it will help them serve the municipal market, which regards bond insurance capacity as necessary to their operation.

Several charts on money market in New York are presented including economic indicators, yields and government securities prices.

The article highlights the Euromoney U.S. hybrid conference in November 2006 in New York City. Keynote speaker Daryl Bible, executive vice-president and treasurer of Bancorp, said that there was increasing earnings pressure in the U.S. JPMorgan structured a deal for Capital One and promised to replace the capital in 30 years with another security of similar or better quality. In 2007, global head of new products group at Citigroup John Dickey predicted a possible $50-$70 billion hybrid insurance form U.S. corporates and financials.

Reports on the condition of the municipal bond market in New York. Factors that influenced the decrease in the bond market; Opinion of the traders on the condition of the bonds; Views of Jim O'Sullivan, an economist, regarding the bond market.