davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1907-10-26
IMPORTS NOT AFFECTED.
Foreign Trade Increasing Despite
Present Financial Conditions.

Statistics given out at the New York Custom House
yesterday and reports received from Boston. Phia-
delphia. Baltimore New Orleans and San Fran
cisco show that the unsettled conditions pre-
vailng IN financial circles have had unfavorable
influence on the importing business OF the country
Henry G Stuart. Acting Collector OF the Port said
last night that the entry Of foreign goods had not
been curtailed- On the contrary the average daily
receipt OF merchandise this week considerably
more than for tho corresponding week OF "a year
ago.
"Of course" Mr.. Stuart said IF Il genuine panic
swept the country, we would feel ts effects In re-
duced Imports Up to this time however nothing
of the kind has occurred, and We are not looking
for any falling off in the entries
Other officers Of the customs agreed with tho
acting collector that there a general tendency
toward largely increased importations
Prominent representatives OF importing interests
said yesterday that the financial stringency was e.
matter of small concern TO them. No curtailnent
IT added would result I'm the volume OF i'm
ports at New York elsewhere. A member OF
one firm, which pays duties aggregating more than
81 600 900 a year. said that there cause for
alarm, and that his firm had received no canceIla-
tions Of orders and expected none
New-York tribune., 1907-10-26
CITY HAS S5OO,OOO TIED UP.
Controller Says He Believes Institutions Will
Be Able to PAY in Full

Controller Metz said yesterday afternoon: 'The
city has on deposit In the institutions that have
closed less than half million dollars. do not
recall the eact figures but tho Knickerbocker
Trust Company has the city's largest deposit of all
the institutions that have closed their doors"
do you think the city will lose It's money!" he
was asked.
Il do not" ne emphatically replied. Il think the
companies will be able TO pay In full later
Tho Controller said he n director or off,
Ger in any bank trust company, having felt his
duty TO resign when he became Controller.
Senator w. Murray Crane OF Massachusetts was
one of Secretary Cortelyou's callers yesterday nf
ternoon. The Senator said his visit was purely
personal and social one and that It had no bearing
whatever the financial situation. Mr.. Crane said
that he had received reports from many financial
centres in his own state which led him TO believe
that everything in good condition in Massa-
chusetts and that there no cause for worry
among Bay State depositors.
New-York tribune., 1907-10-26
EAST SIDE BANKS UNWoRRIED.
No Excitement There Over Disturbed Finan-
cial Conditions.

The excitement of the depositors in trust COM
panies and Wall Street banks has not as yet
caused tremor among tho patrons OF tho East
Side private bankers
These bankers have association OF their own
membership. to which be had only after the
applicants financial and moral responsibility is
satisfactorily passed upon.
Members OF this association make II a rule TO lend
only on real estate mortgages, and these accommo-
datlOns are principally extended 20 their own pa
irons. The depositors know another and IN this
way keep track OF their bankers transactions
Joseph S. Marcus has what IS said to be the
largest private banking establishment on the East
side az Delancey and Orchard streets. There are
forty-two thousand depOsitors on his books, with
an aggregate OF F6.50o0Oo IN deposits Hs pays Al
per cent interest
The depositors in this. well as other banks
OF the East Side have acted admirably during the
present crisis" said Mr.. Marcus TO a Tribune re-
porter. They have confidence In Us and do not
10 be worrying
THE East Slider makes Il rule 10 save 3 per
cent OF his income have known instances whcre
IA man or woman has made ii deposit with US one
week after arrival with money earned here. This
continues until a competency is reached. then a
real estate investment is made and so on, until
fate haG been won and riches begin 70 dow
into the lap OF the economic person.
1T would surprise you 10 see the number OF
children We have among depositors, and they
are as Bhrewd as their elders.'
New-York tribune., 1907-10-26
STOCKS RALLY SHARPLY.
Return of Confidence and Hea0y Fdu
an Sterling Enchange the Factors.

The panic and Generalization which marked
Thursdays stock market were not repeated In yes
terdays dealings, and the drop In sterling ex-
change stocks rallied sharply and most OF the
market leaders made substantial gains At the
close the tone hrmer and the feeling among
brokers more cheerful than for several days.
The market was decidedly nervous throughout the
session. and there were periods OF weakness and
strength alternately, according as the news OF the
day was good bad There element OF
frmness however, when prices weak
ening that has not been OF late and It caused
the belief 10 become widespread among the traders
that there would be repetition of Thursday 3
Generalization.
Fears Of stringency In call money. which pre-
cipitated the slump Thursday. early at
rest by the that the $4,000 900 lent
by the Morgan pool would again be accessible for
those who needed It. AS loans made yesterday
carry until Monday, this news had a most COM
forting effect. Money call got high as rs per
cent but the pool money was lent at average OF
20 per cent At the close there many brokers
who still wanted money. but these were taken care
of as fast they applied 70 the office OF ]. T..
Morgan & Co.
Prices Of American stocks in the London market
showed gains Of large proportions throughout the
active list, with St. Paul. Union Pacific, Illinois
Central Reading and the other active internationals
up from to points. Oddly the local market took
notice whatever OF these gains, but opened at
Just about Thursdays closing level. The undertone
was firm, however, and in spite Of the fact that
few stocks IN: le new low records for the current
movement. there panicky weakness at any
time during the session The closing rally was de-
cidedly sharp and left prices most active issues
at substantial net gains for the day.
Union Pacific which sold low as 1O4h rallied
to 109 Is and closed at 109, gain of points
from the low price of Thursday. The action of
Union Pacific was reflected TO a greater or lesser
extent in all the other active issues While the
market was having alternate spells OF strength and
weakness, the following stocks sold at new low
prices for the year: st. Paul. 100H Consolidated
Gas, IA; Delaware Hudson 1854 Illinois Cen
trail 49, Louisville & Nashville 92% Manhattan
1909. and Southern Pacific preferred, 1OOb Most
of them rallied sharply before the close.
The violent fluctuations in specaltes which have
been such feature OF late not so conspicuous
price changes in this class of stocks assuming a
more normal phase. The only striking exception
was a gross loss OF 25 points in New York and New
Jersey Telephone stock on sales of four hundred
shares. The stock rallied only 4 points from the
low price. Total sales somewhat less than
Thursday.
New-York tribune., 1907-10-26
MONTREAL STOCKS FALL
Many HeaUy Declines-A Rally
TO1card Close of Market.

Montreal, Oct. 25-Ruthless slaughter q
stocks marked the dealings on the Stock E0s
change here to-day. and declines ranging FROM
to points took place. Brokers who had so<
counts on which margins were about exhausted
threw stock over for whatever II would bring
Toronto Railway broke points. TO s3l5. Nova
Scotia Steel s. 10 As. and Montreal Power ., to
7Si5. Other stocks were weak declines ranginS
from 10 points. At no time since the hquida-
tion set in has the market broken so precipi-
lately. with the exception OF the break in De-
troit United two weeks ago. when the dtvidend
was passed. Toward the close there was frmet
feeling
New-York tribune., 1907-10-26
SAYINGS BANKS ACT.
DepositOrs Mast GiUe Legal Notice
Before W'ithdrazcaI.

Following a run on several savings banks, the
presidents Of sixteen Of the thirty-two savings
institutions in this city met yesterday at the
Office Of Andrew Mills president of the Dry Dock
Savings Institution, and decided to require all
depositors 20 give the usual legal notice before
withdrawing their deposits. This action was
taken. It was explained, to prevent the with
drawal OF large amounts from the savings banks
in this time of acute money stringency. After
the meeting Mr.. Mills gave out the following
statement:
AT meeting or savings bank officers held TO
consider the present existing financial condi-
tions, it deemed wise to require the usual
legal notice for the withdrawal Of deposits This
action was taken IN the conviction that It viii
best conserve the interests OF all depositors"
Mr.. Mills added that all the savings banks in
the city would be governed by the action OF the
meeting and that the rule would go into effect
this morning. The banks represented at the
meeting were the Bank for Savings, the Bowerv.
the Bronx, the Dry Dock the East River the
Enigrant Industrial the Excelsior, the German.
the Irving. the Manhattan, Metropolitan, the
New York. the North River, the Seamen's. the
Union Dime and the Union Square
Among the savings banks which took ad-
vantage OF this law Yesterday were the Harlem
Savings Bank, 124th street and Third avenue:
broadway, and the Guardian Savings Bank of
BROOKLYN Runs had been started on these IN
stitutions. and although they had ample funds
10 meet all demands the officers decided that
under present conditions IT would be best to
delay payment. Notice was given, however
that the time clause would be waived in the
case of depositors requiring amounts up to 500
Tor current expenses.
The nun on the Bank for Savings, at 22d street
and Fourth avenue. which began on Thursday
continued yesterday, and about S25OOOO was
withdrawn during the day. On Thursday S345. 600
was withdrawn and $4,000 deposited There
were said To have been heavy deposits yester-
oay. but the amount was not made public
Walter Trmble. president OF the bank. said:
This bank IS absolutely sound. The run is
the result of local conditions. We are paving
off depositors rapidly as possible. and will
continue 10 do so until Christmas or beyond, IL
necessary"
Later in the day. after the meeting of the
bank presidents already noted, MI TrirnbIe
stated that the bank might decide to enforce the
notice required by law
William B. Aitken, president Of the Bronx
Savings Bank, said his institution would take
New-York tribune., 1907-10-26
PITTSBURG CONFIDENT.
Stock Erchange Closed, but Presi'
dent Erpresses Satisfaction.

Pittsburg. Oct. 25-The directors OF the Pittshurs
Stock Exchange at meeting held this morning
decided to keep the exchange closed to-day IN
view OF the short session tomorrow it Is believed
trading will not bs resumed before Monday morn
ing
Robert C. Hall. president OF the Pittsburs Stocs
Exchange. expressed satisfaction with the loea
situation to-day. He said:
II think conditions in Pittsburg normal. ana
with wise management will remain 80. The furry
has accomplished good point. too. 10 has caused
a closer affiiation between the Stock exchanges
and the Clearing House Association banks We
appealed TO In a time OF need and every
member OF the exchange suspended his business
for the good OF the community
A feeling of confidence has overspread the en-
tire situation in Pfttsburg. and talk with prom
inent bankers this morning elected the information
that affairs were progressing normally and con-
ditlOns in good shape"
New-York tribune., 1907-10-26
RECEIVERS FOR HEINzE AFFILIATIoN
Pennsylvania Knitting Mills, of Reading,
Will Continue Under Test, However.

Philadelphia. Oct 25-The Pennsylvania Knitting
Mills, OF Reading manufacturers OF hosiery. a
Heinze company afhliation. against whom IA petit
ton In bankruptcy filed yesterday, had re-
son, In the United States District Court. The re-
ceivers are Jacob Bauer and George W. Chaplin
both OF this city The cause OF the concerns en-
barrassmen is laid TO the present unsettled hnan-
cial situation and attachments obtained by credit
ors in the New York courts. The liabilities are
placed at about t6OO 900 the assets at $4,000
The receivers were permitted by the court 10
operate the mills for three weeks. and at tho end
OF that time TO report 10 the court whether a con-
tinuance Of the business would be profitable. There
are as persons employed at the plant at RsadinE
The liabilities include $4,000 in merchandise
claims and $4,000 In stock and bonds OF the con-
Germ which are controlled by Heinze and also a
cash loan OF $4,000 advanced by Heinze interests
New-York tribune., 1907-10-26
PROTECTING NEVADA BANKS.

Goldheld New. Oct 25--George Winfield author
ICED the statement yesterday that he and Senator
Nixon were using their entire finances for the
protection of the banks In which they are inter
ested. The banks at Reno. Tonopah Goldheld
and Rhyollte The Goldfsld Consolidated was
forced TO lay OFF large number of miners yes
terday by or the refusal of the sampnng
works u accept ore.
New-York tribune., 1907-10-26
BALTIMORE BRANCH BANK sUsPENDs.

Baltimore. Oct. 25-Ths the East Branch
of the Home Bank continued this morning. ana
shortly before the depositOrs who were In me
waiting TO withdraw their money were inforInea
that the bank would take advantage OF a charter
provision which permits the institution TO demand
sixty days notice OF a depositOr's intention 10
withdraw his her account
A member OF the firm OF Bernstein. Cohen & Co
owners of the bank. to-day admitted that the run
has been OF much larger proportions than had been
reported He said that IL had begun on Monday,
and that or a total OF savings deposits OF saV'"
or thereabouts approximately sl5o.Ooo had been
Withdrawn Only the East Branch OF the bank 10
anected and this only in its savings department.
in which the depositors nearly all foreigners
OF the most ignorant class.
A number OF the more intelligent have shown
their confidence by making deposits some or them
OF considerable size, while the has been ID
progress.
New-York tribune., 1907-10-26
B. & 0. HEAD THINKS OUTLOOK GOOD.

Baltimore. Oct. 25--President Murray OF the
Baltimore & Ohio Railroad in speakIng of the
financial situation to-day said that while the errsct
or the present disturbances might be felt I'm various
lines or business, II likely there would be soms
reaction. but he did think the outlook nearly
bad some persons imagined
The business outlook is good" said AIr Murre
THE Baltimore & Ohio's business is keeping IN
well and Is expected TO continue The shortage
OF cars is not so bad year ago" Mr. Murray
said 1t was unlikely the Baltimore & Ohio would
order any equipment this year
New-York tribune., 1907-10-26
CRANE RgAssuRgs uNRuLY pERoslroR.

Gustave Oman. a brawny Finlander. appeared be-
fore Magistrate Crane In the Harlem Court yester-
day afternoon, on charge of disordery conduct
while waiting TO draw his deposit $500 from the
Harlem Savings Bank. The magistrate let him go
on condition that he should leave his money Mt the
bank and make attempt to draw il during the
run.
why. have much more than you on deposit
said the magistrate. hut leaving u in The
money is much safer In the bank than 1t would be
In pocket. my man"
New-York tribune., 1907-10-26

authority IN the firm OF John wanamaker said
yesterday:
gaTding this firm recently ridiculous and with
out foundation. The affairs Of the firm were never
in better shape than they now and the busi-
OF the New York store never larger. The
business OF the latter store far this month has
been the largest Of any month since the store
opened. and we are endeavoring to make IL q thor
ough record breaker Everything is all right We
able TO get all the goods we want and there is
n O trouble"
New-York tribune., 1907-10-26
DATE OF WOODRUFF. mcARREN DEBATE.

Timothy L. Woodruff. chairman of the Republi-
can State Committee. and Senator Patrick II. Nc
Carren, Democratic leader of Brooklyn, Will
in debate next Tuesday night at Prospect Hall,
Brooklyn. The question will be. Resolved. That
President Roosevelt and his policies respon-
sibe for the present financial furry" with McCar-
taking the affirmative and Woodruff the mega
tive. The naming of chairman has been left to
the Democrats
New-York tribune., 1907-10-26
DEPosIToR OVERCOME BY EXPOSURE

Gurmuring over and over again in a drearv
monotone, Il must have my money" Arthur T
Simpson, hfty-hve years old, was found almost
Unconscious in a hallway adjoining the Dollar
Savings Bank. Third avenue and 14sth street, yes
terday morning. He had been waiting at the hank
since Thursday afternoon. and was taken 10 lin
coin Hospital suffering from exhaustion and ex-
posure.
New-York tribune., 1907-10-26
RECEIVERS FOR SOUTHERN STEEL
Company Expected to Continue Operations
Without Interruption, However.

Birmingham. Ala. Oct. 25.-AccordinE TO adytoes
from Huntsville. United States Judge o. r. Humid
ley to-day appointed E. q. Chandler J. o. Thomp-
son and Morris Alder. all of Birmingham, receiv-
ers for the Southern Steel Company. Sterling A.
Wood, also of Birmingham. named as special
master in the case.
It is expected the plants OF the company will
continue without interruption
New-York tribune., 1907-10-26

advantage Of the legal notice IL necessity arose,
but thought it hardly likely that it would be
necessary. He said there had been no run on
The Brooklyn savings banks will put into force
the sixty-day rule to-day. This viii be prac-,
ticaI suspension of payment and win stop the
heavy Withdrawals from all of the savings banks.
New-York tribune., 1907-10-26
DENIAL FROM John wANAMAkER.s.

Among the rumors ahost in this city there have
been many affecting number of leading
mercial houses. These rumors have evidently been
started 70 affect the stock market A man high in
New-York tribune., 1907-10-26
ST. LOUIS WANTS BOTH CONVENTIONS.

IbT TeIeBfhph The Tribuno.1
st. Louis. Oct. 25.-The st. Louis Business Nen.s
League unanimously decided this afternoon to
stand pate its communications sent to the
national committees asking that the Republican
and Democratic national conventions be held here
The leagues members believe the Coliseum can ba
built in time.
New-York tribune., 1907-10-26

C. T. BARNEY'S AGENT IN DEAL.
Ashbel II. Barney took title yesterday from
James r. Hay to a parcel 411x100 feet. at the
southeast OF 153d street and Broadway.
The expressed consideration nominal ar.
Hay usually represents Charles T. Barney In AZ
realty deals
New-York tribune., 1907-10-26

place an exact date for such an event Uudes
ordinary conditions he said. the Union Trusr
Company could have met the demand. but az ths
present time and under existing apprehension
the result OF an unusual run which threatened
their institution would have been very disas-
trous. He said that the time which was gained
by the suspension and the appointment OF a
temporary receiver would aid greatly In restore
ing confidence.
Pawtucket r T.. Oct 25.-Fouowing the posts
ing OF the ninety-day notice TO depositOrs by ths
local branch OF the New England Trust Come
pany. OF Providence. and the closing OF the Gems
tral Falls branch OF the Union Trust Company
to-day. runs were started on all the banks in,
Pawtucket. Many depositors appeared at ths
Slater Trust Company's building. and the Local
branch Of the Industrial Trust Company. %
Providence. The number OF Withdrawals OF ac-
counts at the County Savings Bank and ths
Pawtucket Institution for Savings was not sd
large as at the trust companies. With the exs,
ception OF the New England Trust Company al
the banks IN the city met the demand withouA
difficulty.
Boston. Oct. 25.-The stability OF Boston trust
companies has been satisfactorily proved BY ad
official test made two days ago. according 20
announcement made to-day. It Is learned thsd
on Wednesday Pierre Jay, chairman OF tha
board OF state bank commissioners and exam-
liners. who is in charge OF the trust companies
IN this city. made an unexpected call on all thsl
trust companies and found the actual reserve
fund 26T6 per cent and the legal reserve pa
per cent. The latter figure was 1.47 per cent
higher than the legal reserve on October 81 1905
The Montgomery advertiser., 1907-10-26

aratory to the Georgia game in Montgomery Saturday. Instead Of go- ing to Montgomery today, as was at first planned. he has decided to walt until tomorrow and take the team down on the special, leaving here at 6.55 o'clock.
 While there is no feeling of over confidence in the Alabama camp as to the outcome of Saturdays game, it Is the general belief that the crimson white team should come out victorious by a small margin. The Sewanee team has convinced the fellows that they must exert themselves to the utmost if the present season is to be success
 The Georgia game will prove one Of two things--either that Alabama was badly of color last Monday and did not play up to her possibilities. or that the 1907 Varsity is not up to the stand ard of former years. For these req sons, the outcome of the contest is watched here with the keenest interest.
 Nearly all of the Montgomery stu dents will go down to see the game and take in the Fair.
 The players selected by pr. Pollard to take the trip are: D. B. Pratt, H. T. Burks, S. F. Hobbs. c. c. Countess, w. H .Lumley, B. D. Greene, B. 8. Jones, Emile Hannon. Thomas Reidy, o. D. Howle, Raymond Sturdiyant, B. B. Edwards. G. II. Tutwiler, e. W. Pratt, O. G. Gresham, P. B. Jones, B B. Peebles, J. H. Allen. H. B. Dent and J. c. PrIchard.
The Montgomery advertiser., 1907-10-26

special train from Tuscaloosa this morning.
 In addition to the team there will be several hundred rooters from the University and Tuscaloosa.
 There will be twenty-one men in the squad. as follows: D. Pratt, Burks' Hobbs, Countess, Lumley, Greene, F q. Jones. Hannon. Reidy. HowIe. Sturdi- want, Edwards. Tutweiler. G. Pratt Gresham, B. Jones. Peebles, Allen, Dent Pritchard and Coach Pollard.
 The lineup today will be consider ably stronger than the one which was used against Sewanee last Monday Burks, who was playing at great disadvantage, has completely recovered from the injury which handicapped him in Mondays game. and is expected to be especially strong against the Geer- gia line. Howle, who was prevented from playing by Coach Pollard on ac- count of injuries, is in condition now, and will be the star of the Alabama back field in this afternoons contest
 Montgomery Boy at Quarter.
 Montgomerians will have an oppor- tunity of seeing for the first time Montgomery boy at quarter on the Uni- versity team. This is Chick" Hannon. who was one of the stars in Monday game against the Sewanee Tigers. Hannon is playing an unusually strong game at quarter, and his kicking IS a feature, especially when he attempts field goals. The one be sent over the bar in Tuscaloosa Monday was one of the priettiest ever seen on that his toric gridiron. and was an indication of the nerve, of this yqungster. Georgia's lineup Is Net largely spec ulative. Rumors have reached here that number of new men have been added to the eleven and that the av- craze -Naight has been brought up to