Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-10-25
.imer Tone Due to Success Of
Measures Taken by Morgan
And Rockefeller.
TREASURY GIVING ASSISTANCE
nsnartment is Doing All in its
Power TO AIlay Any Ap-
prehenSlon.
vorl, Banks Have Gained S22,-
7o5. 600 During Week--London
Advices Very Encouraging.

,., york oct. 25-A much calmer
H.. WAS apparent In business circles
-.orninc. The success Of the relief
Umsasures Undertaken yesterday by J. T.
III ,r,~osn. John D..Rockefeller and other
continent dnanciers. together with the
r,ri,v with which the officials Of the
r-,st conpany Of America met the run
NJ d.Dosna.s of the institution gave
great enc1uuagement 10 bankers and
b,si1s,s men generally that no further
,oubI0 was 20 be feared. The $4,000
oa6 made up by a pool headed by Mr..
Morgan which was sent into the stock
/ ,arka. Yesterday afternoon. Is believed
N have given permanent relief to brok-
,-s VINO were In need OF funds with
abich 20 carry the stock bought and
bod ON margins for their customers.
TREASURY GIVING AID.
The secretary Of the treasury is con-
|tnuInc 10 give financial assistance I'm a
arge way. The department Is doing
Il Everything possible to allay appre-
II ension. Another supply Of small bills
/. being rushed 70 New York from
|Vashingtou An associate Of the Sec
|,etary of the treasury said today that
be- secretary's refusal 10 make any
"0mal statement this morning might
D. accepted as an indication OF Mr.
.lurtelyou's belief that the situation
rneraly is showing Improvement
A statement issued by the subtreas-
n D a
ned S22. 705, 900 from the subtreasury
uring the week. This represents m
|argc part the deposits Of government
Funds made with the New York banks.
Secy Cortelyou was al the subtreas-
by today. The secretary said:
There Is nothing TO say on the situ-
! lion now, except to reafiirm my form
D. expressions OF belief that matters
re steadily improving
There were lines OF depositors wait
ing this morning in front Of the Trust
Company Of America and the banking
Office of the Lincoln Trust company,
uptown. Both resumed payment 70
depositors as usual
TRUST co. OF AMERICA.
Some OF those in line at the Trust Com
pany OF America had been there all
night AZ the lead Of the line was
woman who declined to leave her
place even when the men next in line
promised TO restore il to her this morn
ing She suffered considerably from
THE cold night air. ana several OF the
men, touched by her plight, went to
nearby restaurant at 3 o'clock In the
morning and got some bread and cof-
fee for her.
First advices from London today
we're very encouraging American stocks
there opening at prices from 1 TO 4
points higher
10 developed this morning that
considerable number Of those in line
40 the Trust Company Of America and
at the Lincoln Trust company were not
depositors. but persons who were taxi
ing places in the line an the hope OF
selling favorable positions 20 deposit
ors who would be willing 10 pay for a
forward place. Wherever possible
these persons were removed from the
line by the police.
Cash amounting to s43O0,O00 was
sent 20 the Trust Company OF America
this morning through the sub-treasury.
An members of the stock exchange
made their daily settlements OF ace
counts as usual today 10 the stock
exchange clearing house.
The stock market opened irregular
sharp reaction followed the opening
gains The fall In prices did not eN-
tend far below last nights level be-
fore "a steadying tendency developed
The first prices recorded here while
well above the New York closing Of
last night did not approach the high
prices established iu the London mar
ket before operations began here tor
stocks with am international market
Ior instance. St Paul which had risen
'a DO London over the New York
closing. opened here unchanged and
in.u declined nearly two points. Am-
eroau Smelling started al o.. higher
hte Union Pacific 2. and Canadian Pa
rIHD and Baltimore and Ohio 10 to
l This showing covered into losses
uing from fraction 90 "a point I'm
come cases within % few minutes
United states steel shortly recovered
ur A "a point decline. other distinctive
Morgan stocks showed Indications
o, puOr and the market rallied and
NH.Hme quiet
Ilo ran upon the Trust Company Of
America fas about spent its force and
Nh. officers of the bank have now suf-
i.'ent Resources TO meet any demand.
WILL MEET SITUATION.
is understood that the necessities
OF Ine stock exchange situation viii be
m0. today as thDy were yesterday by
Morgan a. Co., who were advised
t|I as tp the stock exchanges po-
sHu hy President Thomas of the exc
Loans made uu Che stock cX-
today viii carry over 90 noxt
N0H.ly
% IA understood thlt negotiations
begun today by International
auh.rs looking to the Importation of
ll rom London anl Paris. I'd o. OK
i.w stocks were notably weak, and
E.pt tho tone oft thc market uu-
N'a but the general selling was noe
Tho heaviest declines were m
fu Pacilc kcadIug and Illinois
IrIl
ihe were further fractional ad-
20 prices bon the afternoon n
uutll tho receipts of tno NcH
nn.ng quotations. which brought
down, uuion pacIhc and Atchi-
ding Fluctuations at sharp
eh lowed New York alternately
nl bought ana me market fin
comparatively steady at fractions
'Dnt t0 "a point beioA fhc noon
ID. argc loans maze hy j pierpont
GO and fheir associates to
ifnI .Ts yesterday when the hrOk-
Icm0ralIIed Wrre renew ca
prr cent
POI tnn'ientlos of tfIt ATTY Jack
IUuraTY receivers were ape
Nlaa today for tho Knlckarhocher
mrany which closed iis doors
iny. nitfr Al rNn bS th Do de-