The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-10-31
INTEREST WAVES
Financial Situation Has Nearly
Ceased to Attract Attention.
Public Confidence Has Been
Almost Fully Restored.
TOTAL OF S23,75O,OOO.
Has Been Reached in Gold Pur-
chased for Import.
National Banks Are ARRANGING
to Increase Their Circulation.

-
public confidence is indicated by the
diminished interest taken in the finan-
cial situation which tries to readjust
ltsef to normal basis. The gold en-
gagements were increased today by ST.
ooo,ooO, bringing the total up to $23, $780,
0OO. The Bank of England's increased
rate to 5k, was fully expected and was
better than expected as the advance
was per cent when the Bank of Eng
land protected it's gold stock against
withdrawals from the United States
The stock market fluctuations did not
differ materially from those of ordinary
times. Inc market in general was very
strong. Several of the banking instit11-
tions which have experienced recent
dlff1culty held meetings during the day
to readjust their affairs and resume
business and the few runs which have
been going on dwindled TO nothing.
No Use for Holiday.
Los Angeles, Cal, Oct. 31.-The dec
larat1on of legal holiday today by
Governor Gillette was received without
effect as far as the financial institutions
OF Los Angeles were concerned All
banks and trust companies opened and
transacted business as usual and there
were no evidences of any change what
ever from yesterday.
Banks All Declined 1t.
Sacramento, Cal. Oct 31-The hanks
OF Sacramento have all declined to take
advantage of the legal holiday declar-
ed by Governor Gillette.
Adopt Certificate Plan.
Bellingham. Wash, Oct. 31.-The as
soc1ated banks today decided to adopt
the clearing house certificate plan of
making payments. Withdrawals are
limited to $1OO.
Banks Are Loosening Up.
spokane, Wash, Oct. 31.-The bank
ing situation here is improved today.
The banks are releasing a little more
money and the clearing house checks
are not being insisted upon as strong
ly as yesterday. The local bankers say
they have now reached a position where
money who needs 1T.
Banks Borrowing Bonds.
washington, Oct. 31.-ComptroIler
R1dgeley today expressed the opinion
that within the next ten days the out
standing circulation of banks will have
been increased from $15, 200, 900 to $780,
100000 or more. There are indications
that New York banks which have no
United States bonds on hand to deposit
as security for circulation are borrow
ing them from other banks that have
a surplus on hand or have already
reached their limit. In many instances
these requests for accommodations of
this character are being promptly COM !
piled with and there seems to be a |
general inclination among banks to as
sist one another in the effort to ma
terially increase the amount of bank |
One large New York bank could, un-
der the law, it is said, take out $1O,- |
100,0 900 additional circulation and in all |
proba bility will soon ask for a material |
increase.
Upward Tendency in Stocks.
New York. Oct. 31.-The first
prices of stocks showed a tendency
frr r,r-d ofso o%
from yesterdays buoyant closing.
Some stocks showed sharp advances,
but the volume of transactions was
small. Hooking Valley preferred sold
at decline of 5 points from the
price of the preceding sale three
weeks ago. Delaware, Lackawanna &
Western sold at 400, a recovery of
Yesterdays 80 point decline. Ma
-ional Biscuit was up 2, National Lead
preferred ss. st. Louis & San Fran
cisco second preferred and Toledo, st.
Louis & Western preferred n and
Reading, Manhattan and Distillers'
Securities 1. Prices moved towards
after the first few minutes
md the opening declines were mostly
wiped out in the course of the first
half hours operation. Canadian Pa
,ific rose " over last night. United
States Pipe preferred sold at a de-
cline of 8 "A. Call money was offered
or loan at 40 per cent on the stock
borrowers.
Portland Banks Are Open.
Portland, Ore, Oct. 31.-AH the banks
n Portland, with the exception of the
title Guarantee and Trust company,
re doing business today with no evil
Ience of excitement, A feeling of op-
imism is apparent in manufacturing
nd commercial circles. News from the
Interior of the state is of supporting ,
haracter.
Conditions Are Sound.
Portland, Ore, Oct. 31-Governor
of Idaho, sent the following
ispatch to the Evening Telegram:
Financial conditions in Idaho are
sound. The state has never !
cen more prosperous. So far as can
e learned, not single withdrawal of
unds has been made from any Of the
anks of Boise since the present diff
ulty begun. Reports from all parts of
he state are of the same tenor"
Bank President Made Receiver.
Akron, O., Oct. 31.-Joseph Dangei, ! ,
resident of the Dollar Savings bank,
vas appointed receiver of that institu- ,
ide of Fred A. Boron, cashier and
reasurer, last Sunday. The last ex-
mination by the directors and the
Tearing house association found
hortage of $4,000, against which ,
tands the cashiers bond Of $4,000, /,
nd overdrafts amounting to $4,000 ,
n which $4,000 was realized yester- !
ay.
DuIush Board to Resume.
Duluth. Mimi, Oct. 31.-The direc-
,rs of the Duluth board of trade voted | 6
MS morning not to resume trading to- =
ay. 1t is likely that trading will be r
esumed Monday. t
No Hitch In Business. t
Salt Lake City. Oct. 31.-On this the t
econd day since the adoption Of the n