New-York tribune., 1907-11-24
WALL STREET CHEERS UP.
Money Stingency Relares, Stocks
4dUance and Gold FIo1CS In.

cheerful feeling than has been evident lot
many days prevailed yesterday in wan street
based upon the opinion that definite reaxauoh III
the money strinsency at hand. the premium
on currency remained at about Fridays closing
rates, per cent being paid by the money brokers
for cash sold to them and per cent asked oy tneh
from purchasers; but only moderate business
done, and the money dealers characterized the
market for currency weak
In the banks il said that the demand from
institutions in the interior, which mas peeh heid
chiefly responsible for continuance OF the money
famine at this centre was slackening. and that as
a consequence the prospect was that the iocai
banks would be able this week to accommodate
their customers with currency to a much larger
extent than before. Currency transfers through
the Sub-Treasury aggregated s3900Oo, OF which $780,
600 sent to San Francisco. S5OeI TO Denver
and s3OO90 to Philadelphia.
The stock market was strong during the two
hours of business, prices advancing from the out
set and closing at the best figures OF the day
Among the net gains were 3Ss points in Union Pa
ciiC. pa in st. Paul 25s in Pennsylvania. Us in
Reading, "a in Northern Pacific, 37s In American
Smelling and Refrng, and points each In South
Pacific and in Amalgamated Copper.
The weekly bank statement. which was issued at
the close of the market. made encouraging
showing Loans decreased s4cl2,Ooo. the first shrink
age in this item since the beginning of the panic
period, and deposits decreased s94S5,Hol de-
crease in cash holdings of $2S07,soo was shown
comparing with the preliminary estimates of less
in deposits, the decrease in required reserve was
only $4366J0 less than that in the actual reserve,
this amount bringing the total deficit IN reserve TO
$54 103.600 The percentage of reserve to liabilities
is now 10 80 against 20O7 a week ago
Some of the banks which have subscribed for the
government per certificates of indebtedness,
for the purpose of using them basis for taking
additional circulation, made payments OF cash
the local Sub-Treasury yesterday. on account OF
their subscriptions OF these subscriptions the
hanks be allowed to retain cent as
special government deposits secured by collateral
other than government bonds. the remaining p
per cent to be paid to the Treasury
No additional gold engagements were announced.
The Sub-Treasury and the Assay Office had busy
day, receiving more than S12.000cO gold which had
been brought in by the Mauretania the Baltic and
La SavOie. the gold going to the SubTreasury and
the bars the Assay Office
Committees representing the depostors OF the
Jenkins Trust Company and its various branches
effected permanent organization at the Brooklyn
Club last night Amet r. LatsOn. president Of
the Union LeagLe Club, selected counsel,
and Magistrate +. G.. HigginbOtham and ex-Judge
Owen Fnnerty members of executive COM
mittee. They will cooperate with Hugo Htrsh.
counsel of the directors, in fighting making the
receivership permanent Reports of progress will
be made at meeting OF depositors TO be held at
the Bedford branch Of the Young Mems Christian
Association Tuesday night