The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1907-11-01
GOVERNMENT
+. SHUTS TERRITORY
BANKS TIGHT
St. Loui. and Kansas City Re-
fuse to Toward Money
to Them.
LONDON GOLD is SENT
Omitted States Takes Ali Available
From World-Metropoiis-
New York Tension
Lessened.
N Do GOLD is SENT

Oklahoma City, Oct. 29.-Every
bank IN oklahoma City remained
closed today in accordance with
orders issued by Territorial Gov
ernor Frantz. 1t is understood the
order affects all the national
banks lii oklahoma and Indian
Territory. The action was taken
because the banks Of Kansas City
and st. Louis refused to forward
cash TO the banks of the southwest.
Ii is said a telephone consultation
ct MANY bankers in Oklahoma, In
dian Territory and Texas took
place early today and all decided
upon similar action.
Ne'S FORK, Oct. 30.-Thc principal
events in the financial district Monday
indicated that the worst of the crisis
was over and that conditions were
settling down to normal. There We're
no further bank suspensions. and re-
- - N'i i1t w IG! lliG ISSIlllD-
ton of most of the banks. which
closed temporarily last week. The en-
sagement of S1S.15o,o0o in gold from
Europe for Importation to New York
WAS ollowed by the sensational am
noumcement of sales of American cop-
per abroad which will further increase
the tide of foreign money to this coun-
try to an aggregate of over S25. 600, 600.
This, with the rapid rise of good Sc
curlties on the stock exchange. in some
eases as much as A and 5 per cent. and
the policy of the trust companies not
to pay currency for boarding purposes.
all contribute to strengthen the feeling
In banking circles N among the pub
lie at large.
Morgan Stays in His Library.
so Well was the situation i'm hand
That there was no %sculrying about of
leading financlers and hasty confer
ences as took place during the closing
days of last week. j.. Pierpont Nor
gam Was in touch With the situation in
his library on ~Thirty-sixth street. but
did not find ii necessary to come down
town.
Gums upon banks practically ceased.
partly because of recognition that they
We're unnecessary n uniustifiable.
ana partly because of the policy adopt
ed to pay large checks only in %certifi-
Gates ON depository banks. This sys-
TEN of payment worked no apparent
hardship and was the cause of very lit
tie protest. small checks were paid
promptly in currency, and large
amounts Where it was demonstrated
that currency was required for pur-
poses other than boarding. 1t is still
possible for II frightened deposition TO
transfer his account from one institu-
ton to another by depositing a check
IN the depository for which he now has
"A l!pf1lsaona b,,t h. ..,.z -,
large amounts i'm gold certificates 10 be
locked in a safe deposit vault. as was
the case last week.
Up to date the engagements in,port
amount to $5,00o,O00 by the National
cltS bank, -, 10000 by the Chase Ma
iehe:mer & Co, Saturday. and 81. 600. 600
by tb Hanover National today.
Gold I~mportations.
Geld to the amount of about s. 1000, 900
will probably be offered i'm the open
market IN London today. and it is
hoped the United State will secure the
la,ger portion o. this. American securi-
vance at l p. m. today. Amalgamated
COPPER advanced 1E. Atchison liz, I'm
ion Pacific ia and other shares frac-
%tionally higher.
Lines of depositors remained in front
of the doors of the Lincoln Trust COM
l'oiiF dIiu liiS iuS company OF Alnorl-
ca. despite q heavy rain which fell
throughout the night. All night the
line Il: the Lincoln Trust
numbered eighty persons and forty-fve
We're waiting their urn at the Trust
Company of America. Three persons
remained iE line at night in front of the
RlVersliL bans, q a,r;1! state institu-
ton at Eighth s,vcilue ard Fifty-seyenth
street. At 8 o'clock the line in front
of this banl was thirty-tive persons.
L&seard F. Reres engaged 81. 500, 900
in gold for importation from London to-
gagged for importation since late Fri
day.
The Lincoln Trus. resumed
business this morning as usual. The
line of waiting depositors was much
smaller than at the opening hour Satur-
day. AT the North bank, a state insti-
tutlcn at G93 Broadway, sixty persons
were in line at the opening hour. The
Trust Company of America resumed
payment to depositors as usual at 10
o'clock.
The gold imports of Reres were sub
sequently increased to make a total of
81. 500 900 for imports.
The financial conditions show grow
ing evidence of improvement up to noon
today. Exceptional engagements of
gold had been made abroad and the
stock market is advancing on a general
demand for securities at the present
low prices. Gold import engagements
now total $12.0 900. 900 and already this
exerts Il very helpful influence. There
are considerable orders from abroad for
American securities which must be paid
for in gold. and this will spe-
Gle imports.
Practically no margin transactions
on the stock exchanges We're recorded
today. No failures reported in New
York up to l o'clock. Pressure upon the
h,y o1c Of Maui vOrl. ,D. .-.. .
ing. Runs dwindled into almost insig-