The Past, Reimagined
President Harrison reiterated his opposition to bimetallism and said the U.S. will adhere solely to the gold standard, again disappointing advocates of silver. A2
The Sherman Antitrust Bill, almost a year after being reported back from a U.S. Senate committee, remains bogged down in Congress. A2
The Dow Jones 12-Stock Average closed on Saturday at 87.71, down 0.4% on the day but up 1.4% for the year-to-date. Total NYSE volume was light at 96,520 shares. C1
As the U.S. Treasury continues its massive program of bond buying, many investors fear the creation of a bond-market bubble. C1
The NYSE will use its new telegraph subsidiary to sell trading data to brokers willing to pay a fee for the ability to see prices before customers can. A1, C1
Andrew Carnegie called for an estate tax of at least 50% on millionaires, describing it as “the wisest” of all forms of taxation. B1
Commercial-paper dealer Goldman, Sachs & Co. may seek to join the NYSE. C1
Source: The Wall Street Journal
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This article was originally published on The Wall Street Journal.