New-York tribune., 1907-12-05

total amount of clearing house certificates taken
out by the reporting bank and the total amount on
hand
The news Of the call by the Controller OF the
currency for statements of condition Of the ma
-ionaI banks the close of business on peceli-roi
2vras received with satisfaction yesterday by haiA
.-s IN this city, as Il believed that the showing
,rscb ~vo4lId be made by banks throughout the
country would be a good one. which would 90 nlooI
n restore the popular confidence In the staely o1
those institutions, II also thought th7t tie
,ss15inr Of the call would be followed speedily ny
,he 6isappearance of the premium on currency. as
for some time the chief demand. which has kept up
the premium rate has been for account or banks
81 the interior. which presumably have been draw
ing cash from this centre in anticipation or ule
J-ontroTer's call. The premium yesterday was as
high rs = per cent as OF the preceding day, buf
after the announcement from Washington 1t de-
cl7ed. the closing rate being per cent FuTtTeF
heavy Withdrawals OF cash were made through the
Sub-Treasury. as follows: To Chicago S,S'2Vte;
St Louis S2o0teo: Philadelphia, sls6o3o; San Fran
CISCO s1255s0: Denver. 100000: Cincinnati, s25.en
end New Orleans $1,000. total OF S26l4.5so
The National City Bank yesterday received $780,
eoo in currency from Havana Bolognesi. Hartfield
& Co. announced the receipt Of s-500oo in currency
from Italy and s250.oo in gold from Canada. On
The Stock Exchange call money no higher than
: per cent opening figure. and the minimum
rate was per cent More than S4.0o000o was lent
at per cent that including much larger
proportion Of bank money than for some time
past.
The stock market strong during the day, be
coming buoyant il the last hour, with he Hill
stocks the leaders. The report revived that the
Great Northern was 10 take over the Northern Pa
cific's interest in the Burlington, which is owned
Jointly by the two roads. Northern Pacific made
maximum advance Of points from its low point
Of the day and closed with gain OF 5ss points.
Great Northern gained points on the day, and
Union Pacific. which still holds large blocks Of
Great Northern and Northern Pacific shares. ad-
vanced p. points. Among the other considerable
net advances Pa points in Pennsylvania. is
in New York Central. 27s II St Paul. ~ in Della
ware G. Hudson. is In Missouri Pacific. 2l5 IN
Western Union and ~ IN Brooklyn Rapid Transit.
Chicago. Dec 4-Casn in the vaults of Chicago
banks to-day approximates s300.oao,oeo. OF which
sl00 100000 Is in the savings banks and the remain
der in the national Institutions Never In the his
tory Of Chicago banks has the amount OF actual
money In hand been so large it is az present.
Reserves well above the . per cent OF deposits
required by the national banking law.
Virtually every national bank showed to-day 8
heavy Increase In the amount Of money ready at
the call Of oepostors- The total amount which
these banks held on August 2S. when the last call
was made by the Controller was sl2s 49, o6S- To-
cay the is rot far from S2o00oO.05o which with
that held By the savings banks and trust COM
pantes makes a total of s2Oo.0000Oo.
4 return to & cash basis seems near at hand In
Chicago. The clearing house committee destroyed
ss1eD0 in clearing house checks during the day.
making the total retired $4,000 Only $1,000 OF the
checks have been given out this week Drafts have
been honored readily. and depositors' requests for
money have been without question Practi-
cally ell country correspondents OF Chicago banks
have been taken of and still the reserves have
been kept up
Philadelphia Dec, z-The banks Of this city made
prompt response TO the periodical call issued by
the Controller OF the Currency. In banking cir
cles there is impression that money will
become easier result Of the call This
theory is based q conviction that interior in
stitutions been buying currency in anticipation
of the call a prominent banker declared this af-
1ernoon that any Institution that would fortify its
resources in expectation OF call not worthy
the of z bank
Returns made by Philadelphia banks differed in
form some including the amount Of Clearing House
certifca1es held and issued Other banks made no
reference 10 tie certificates.
rittsburg. Dec. 4-That the report Of the Pitts
h-irg banks In compliance with the call issued by
the Controller OF the Currency to-day will make
good show ne is the opinion OF number OF bankers
interviewed in regard to the matter to-day.
The optimistic reports from throughout the
country are shared In here. and it is believed that
Pittsburg institutions will forward TO Washington
an excellent report 1t intmated that there
sxen may some criticism from outside banks
when the report is made public. but IL is stated
hat every precaution has been taken TO insure the