Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1907-11-01

expected ny banners mere. III is
thought quite likely that the Bank of
England will follow suit by raising it's
rate at the regular meeting.
Lend Money at rs per Cent.
The Chase National bank and the
Hanover National bank each lent a
100000 on the stock exchange
shortly after o'clock at rates be.
tween SO and rs per cent.
At l o'clock Tuesday afternoon
when the money stringency on the ex
change was severe, the First National
bank sent $1.0OO,OOO to the floor OF
the exchange which was loaned at rs
per cent.
Cancels Gold Engaged.
The Russo Chinese bank cancelled
100000 of the $1.O00000 gold engaged
abroad for import. An official of the
bank said the reason for the concella-
ton was that the bank considered
gold imports have assumed proper
lions that exceeded actual necessities
here. This makes the total gold en-
gagged for import to New York on this
movement $17.S50,000.
Stocks Remain Low.
Business became quieter when the
market grew unsteady. There was
no general effort to force prices up
ward. but Union Pacific. Pennsylvania
and Brooklyn Transit ruled about a
point above their lowest. Reading
first preferred rose 3R, Western
Union declined 4, Pressed Steel Car
preferred 31s and Southern Pacific
preferred. United States Rubber first
preferred and American Telephone
and Telegraph 8.
Charge 81 for New York Exchange.
Pittsburg, Pa, Oct. 30.-Owing to
the shortage of currency here the
banks Tuesday began to charge 81 for
New York exchanges.
Bankers generally remain optimistic
and say the situation is improving and
the outlook is better than il has been
for some days.
Limit Currency Withdrawals.
Laurel, Miss. Oct. 30.-All banks in
southern Mississippi Tuesday posted
notices that withdrawals of currency
would be limited to s25 to each de-
position. except for pay rolls. 1t was
announced that action was taken as
precautionary measure in the inter.
ests Of the depositors. and that the
banks were in good condition. All
banks at Laurel, Hattiesburg, Wig.
gins, Gulfport and many small lumber
towns are included.
Stock Exchanges Suspend Business.
New Orleans, Oct 30-The Louis.
lana stock exchange and the New Or.
leans stock exchange Tuesday sus
pended business and all actual trading
in both the institutions will cease un
til Monday. November A. The Louis
lana exchange will suspend all bust
ness without reservation, but on the
floor of the New Orleans stock ex
change state and city securities will
be dealt in during the period through
which the temporary suspension is in
effect.
The action of the two exchanges is
directly attributable to communica
ton received by each exchange from
the New Orleans Clearing House as
ISOLATION requesting the institutions
to suspend business temporarily. The
reason for the request was given thai
the financial condition in the nortf
and east was such as to seriously i'm
| peril speculation in stocks and bonds
and that legitimate business inter
ests must suffer thereby
Fugitive Hides in Kansas City.
Kansas City, Mo-, Oct. 3O.-J. Ed
ward Brady, president of the Mer
chants Refrigerating company. whicl
was placed in the hands of receive
last week. following his mysteriou
disappearance, is in Kansas City il
hiding, according to the statement b.
an attorney interested in the case
Brady, it is stated, is endeavoring t
arrange the affairs of the compan
which has liabilities of 100000 an
| will soon face his creditors.
Kansas Bank Absorbed.
Kansas City, Mo-. Oct. 3O.-Th
| Wyandotte State bank, at COL Mil
nesota avenue, Kansas City, Kas., wit
deposits of 100000, was absorbe
this morning by the Commercial NJ
tional bank of Kansas City, Mo. TIL
work of transferring the deposits b.
gan Immediately, but the doors of tn
Wyandotte State bank will renal
open for several days for the col
venience of its customers.
Gold Starts for America.
London. Oct. 30.-The sum of 9601
900 in bar gold was sold Tuesday an
999S,000 in American eagles wa
taken from the Bank of England a
part of the gold intended for shipmer
to America. The gold was insure
at Lloyds and started for New Yor
on the Kronprinzess in Cecilie. whic
left Southampton at night.
The price of the eagles was abo,
76s Cd.
Ga. 9T oRE A.
A. "a LII