The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-11
Local Financial Gossip;
Bankers and Brokers' Talk

ment of money in circulation in the United
States shows an increase. as compared with this
th .. $50 90 n,ed sa,as ovsrn
ment holdings So 4i9. l6S. AIS while the federal
treasury holds 1898 1871 1863. the latter showing a
Compared with the amount in circulation on
Nov. /. the outstanding circulation now shows
gold imports. new gold from the home and
Alaskan mines increased national bank note
circulation and excess OF government expendi-
lures over receipts The amount of money in
ssi et in this county GA at this time in 1873
the sfo~sh Of the S Ghted in
the last quarter century and 1t ought to prove
TO all pessimistic minds that the country is not
going to pieces.
The statements Of the three national banks at
Greensburg. Ind. make a splendid showing for
place the deposits are remarkable They are as
follows; ThiEd Natonal sI7 go Citizens Sa No.
making total Of ST. 7S9Il.-The Financier.
Xxx
Between March H. 1900. the date of the pas
sage Of the new banking law, and Nov. go 1908.
1.54s national banks started in the United
States. The total number of national banks on
the latter date was g. 159 The amount OF capital
invested in the new institutions was $50 o24 600
making the total capital of all the nationai
banks s766, 49,, 095 The average amount or capt.
tai invested in the new banks Is about Si'SVo'
From the standpoint of the business man.
President Roosevelt's message sis of utmost Sig
nificance because of the prominence which he
gives to the great problem of government super
vision of corporations. which now confronts the
country. and on the correct solution of which
depends in largest measure the welfare OF the
Naton.-Wall Street Journal.
According to figures which have passed under
the review of the United States Investor. bond
sales for the month of November amounted to
SIS 560,61s, not including temporary loans or
the above amount sl2 900 292 were issued by
cities and towns $780, 1926 by counties. and II,
$780, 900 by States and Territories. This amount
shows an increase of $1,000 los over the $500
$40 reported for the month of October and an
increase of ST. 351 24S is the $4 29 SOY 81 re-
ported for the month of November, 1902.
Xxx X
According to reports from Wall street the
United States Shipbuilding troubles will all be
settled by the end of this month and Charles
Schwab and his following will be in control:
Mr. Schwab it is understood. has guaranteed
to advance 81, 100000 for the rehabilitation OF
the company.
Urgent selling appeared in the Steel stocks to-
day. being the first sign of real liquidation the
market has had since the inception Of the pres
emit bull movement. This. combined with the
report on the floor Of the New York Stock Ex-
change of the death of King Edward. caused
general selling throughout the list. The larger
raiders whose operations are always closely
watched took the bear side and succeeded In
forcing lower prices. We have now had a re-
action of from to points and still believe
Counted et3,ir n and think that purchases made on
these soft spots will prove prontaole.-A. H.
Thompson a. Co.