Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1907-10-29
Continued From Page one.)

the Hibernian Savings bank about
100 people had given notice of with
drawal by II o'clock, and as many
more were waiting in line at the 9th
er savings banks. Business appeared
to be on normal basis and depositors
having checking accounts did not ap-
pear worried in the least by the stu
alton. Business proceeded upon nor
NAL lines in all the banks
Confidence Returns to New York.
New York, Oct. 2s.-Fortified by
the remedial plans adopted Satur-
day for the protection Of New York's
supply Of currency, flnanciers began
new business week in a hopeful
frame of mind. The importation of
gold is expected to assume large pro-
portions and will aid greatly in pro-
viding funds for the banks. American
securities in London showed sharp
advances today.
The Trust company Of America re-
sumed payment to depositors as us.
ual. There were fifty depositors In
line
The Lincoln Trust company also
opened for business this morning as
usual. The line Of waiting depositors
was much smaller than at the open
ing hour Saturday.
At the northern bank, a state insti-
tuition, there were sixty persons III
line at the opening hour
Normal at Providence.
Providence, r. l., Oct. 28.-At the
hour Of opening today there was ev-
cry indication that banking conditions
in this city would be normal today.
Pitteburn Exchange Closed.
Pittsburg, Oct. 2s.-1t was decided
not to open the Pittsburg Stock ex-
change at a meeting of the board Of
directors this morning.
Aside. from the suspension Of the
exchange there is nothing else worthy
Of mention in the local financial stu
alton
Any disposition to assume money
obligations for the purpose of operat-
ing in the stock market was frowned
upon business kept at low ebb Of the
delay in the appearance Of supplies
of money there caused no anxiety as
the intimations were given that loans
would be carried over another day
and money would be supplied when
needed. Most prices continued to
SllOW duVduCS,
Oklahoma Banks Closed.
Oklahoma City, Oct. 2s-Every
bank in Oklahoma City remained
closed today in accordance with or
ders issued by Territorial Governor
Frantz. 1t Is understood the order af-
fects all national banks in Oklahoma
and Indian territory. The action was
taken because the banks Of Kansas
City and St Louis refused to forward
cash to the banks Of the southwest.
There has been no uneasinessy in the
city and the bankers say the depos-
its last week were greater than at
any previous week in the month. the
closing is for the purpose Of protec-
ton in case of a run. The banks
fthe city have arranged to issue
clearing house certificates until con-
ditions improve.
The banks Of the southwest are en-
barrassed because of the demand for
cash to move the cotton crop.
kansas City Bank Closes.
Kansas City, Mo-, Oct 2S.-The
Bankers Trust Co, with deposits of
100000 closed this morning. Cash
Ter Hughes said they had decided to
ClOSe tSllp0Th1iiy pcEduSe vi IitS
clearing house association had refus-
ed to extend to them the privileges
granted thirty other leading banks
here of issuing clearing house certii-
Gates
Akron Cashier Suicides.
Akron, Ohio, Oct. 2S.-The Dollar
Savings bank was closed today by or
der Of the directors until after the
funeral of Fred A. Boron, the cashier
who committed suicide yesterday. In
the meantime an Investigation of
Boron's accounts Is going on and q
movement is on foot to have the other
banks Of the city take this institu
ton over The sixty day time limit
has been ordered enforced on all the
savings accounts in all the banks.
Grain Trading Stopped.
Duluth, Mimi, Oct 28.-Dulutt
trading in grain was suspended or
the board Of trade this morning owing
to the money conditions. Business
will not be resumed until conditions
improve
Conference at White House.
! Washington. D. c., Oct. Especial
The financial situation was the