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...Fallen was chief counsel for "Nicky" Arnstein, so-called Master Mind of the $5,000,000 Wall Street bond-theft plot. In 1922, he defended E. M. Fuller in two trials for bucketing, the jury in each trial being unable to agree. Charles W. Rendigs, the juror Fallon was accused of bribing in the Durrell-Gregory trial, also sat in one of the Fuller trials and voted steadfastly for acquittal. Rendigs is now a convicted perjurer awaiting sentence...
...wonder whether enough tenants are going to "come back from the shore" this Fall to occupy all the available shops, houses and apartments. Merchants are keeping their stocks down and their hopes up. Enthusiasm, curiously enough, seems confined to agriculture and finance. For once, the wheat farmers and Wall Street are on the same side of the fence...
While general business is dull this Summer, the same cannot be said of finance. In the matter of vacations, as in many other things, Wall Street is opportunistic. During dull Summers, attendance in the Stock Exchange and in investment and commercial banking circles during July and August is notoriously slim. This Summer, however, the usual vacations are not being taken. Million share days on the Exchange have reappeared. Railroad mergers are not merely being discussed but being effected. Utility propositions are to the fore. The long-suffering bond salesman is coming back into his own again. Despite the sweltering heat...
Frequently in the past, activity in Wall Street would presage general business activity to come from three to nine months afterwards. While this is by no means an invariable rule, still merchants in New York who are somewhat disgustedly conducting very languid "Summer clearance sales," are wondering if they, too, may not look for livelier trade this Fall and Winter...
Apparently one of the chief ambitions of the New York Reserve Bank is to surprise Wall Street. The character of its actions is usually forecasted in the financial centre correctly enough, 'but no one can ever tell ahead of time when they will occur. Usually changes in the rediscount rate are made Wednesday, yet Aug. 6 came and went without developments. Then the next day the Bank quite unexpectedly cut its rediscount rate from...