The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-10-25

Company of America had been there
all night At the head of the line was
a woman who declined to leave her
place even though the men next in line
promised to restore it to her this
morning. She suffered considerably
from the cold night air and several of
the men, touched by her plight, went
to a nearby restaurant at O'Clock in
the morning and got some bread and
coffee for her. First advices from
London today were very encouraging.
American stocks there opening at
prices from one to four points higher.
Lincoln Trust Resumes.
New York, Oct. 25.-The Lincoln
Trust company resumed payment to it's
depositors as usual this morning.
The stock market opened irregular.
A sharp reaction followed the opening
gains. The fall in prices did not ex-
tend far below last nights level, be-
fore a steadying tendency developed.
above the New York closing of last
night, did not approach the high
prices established in the London mar
ket before operations began here for
For instance, st. Paul, which had
risen q in London over the New
York closing, opened here unchanged
and then declined nearly two points.
American smelling started e higher
here, Union Pacific 2, and Canad dian
Pacific and Baltimore & Ohio 1 II to
1% This showing was converted into
losses running from a fraction to
point in some cases within few
Secretary Cortelyou was at the SUBJ
treasury today. The secretary said:
There is nothing to say on the sit
uation now, except to reaffirm my for
mer expressions of belief that matters
are steadily improving"
All the members ofthe stock exchange
made their daily settlements of accounts
as usual today to the stock exchange
clearing house.
United States Steel shorty recovered
its ~ point decline. Other distinctive
ly Morgan stocks showed indications of
support and the market rallied and be-
came quiet.
Cash amounting to $4,3oo,00O was sent
to the Trust Company of America this
morning through the subtreasury.
The International Trust company,
one of the small and inconspicuous
trust companies, closed it's doors at
1O:40. This company had business
with the Borough bank of
Brooklyn, which suspended payment to-
day.
The Brooklyn bank, with a place Of
business at Fulton, and Clinton streets,
today. This bank has a capital stock of
$500, 900 and owes it's depositors about
81, SOC, 900.
Sharp Rally in London.
London, Oct. 25.-American Sc
curities rallied sharply on the stock
exchange this morning, owing to the
optimistic reports-from New York fol-
lowing the active Intervention of
prominent fnancierS in the financial
situation for the purpose of stopping
the decline in prices. Quotations at
the opening today were 2 to 4 points
over parity and further advanced later
on the shorts covering and the receipt
of moderate buying orders from the
continent. Union Pacific at noon
showed a gain of 4 Is, Louisville &
Nashville had risen points and
Atchison and Canadian Pacific showed
an advance of 8 ss points above the
New York equivalent. United States
Steel was an exception to the general
irmness and ruled half a point below
parity.
There were further fractional adj
vances of Americans in the course of
the afternoon until the receipt of the
New York opening quotations which
brought prices down. Union Pacific and
Atchison leading. Fluctuations at a