New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-10-23
COUNTRY'S BANKS SOUND
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which IS almost four times greater than usual
The slump is attributed TO the situation at New
York.
LITTLE APPREHENSION IN MIDDLE WEST
St Louis. oct 22-The opinion is generally
expressed by st Louis business men and fnan-
ciers that there is no reason 70 fear a serious
business depression financial furry here D.
| r. Francis. speaking of the local situation said;
| we are getting more independent of Wal
Street every day. and business conditions here
are not disturbed by the furres of the market
there. St Louis people are lending money in
New York instead Of borrowing IT.
Cleveland. oct. 22-The furry in New York
apparently had no effect in financial circles here
| to-day. on the Cleveland Stock Exchange quo
| tations, during the morning remained at about
yesterdays closing prices. Leading local bank
crs expressed the opinion that the New York
Clearing House would be able to handle the Sit
uation there, and declared themselves as con-
ndent that the excitement in New YORK. would
| prove OF short duration.
| Cincinnati. oct 22-Condtions Of the New
York financial situation were somewhat re-
Elected in the local market here to-day all stHHss
opening at a lower figure, During the last few
! DAYS the most noticeable feature has been the
| appearancc Of small investors who sought 20
take advantage of the low prices This was not
noticeable today there being less evidence OF
a desire for investment at even the low prices
Milwaukee. oct 22-Natonal and private
banks and trust companies banking institutions
in milwaukee, are doing business as usual to-day
without the least excitement. 4 prominent
| banker here said the various Milwaukee banks
had been expecting the situation that obtains IN
| New York. and have prepared for any emer-
gency Another banker said he looked for the
situation in the East 20 clear soon. and that II
would he only a short time when banks through
out the country would he stronger than ever.
omaha. oct, % The financial troubles Of the
last Few days have had cft,-r upon Omaha
| and Nebraska banks. according to prominent
nnanciers Of this city. one Of the largest banks
| here announced to-day that during the last year
| It had passed more than $500 600 commercial
! paper with Nebraska banks and that the offers
Of money from those sources have not been ar
| all affected by tho New York section.
Kansas city. Mo. oct 22-Fiuancia; condi-
tions in Kansas city are healthy. according 70
| tho leading hank officials here. William 4
Rule cashier of the National Bank Of Com
| mcrcc which has deposits OF S35oOoOo0 said
to-day:
We might say We have had an unusual de-
mand. We are all running on conservative
lines Any unusual condition is felt West but
we have every faith in New York banks being
able 10 handle their situation"
Detroit. oct 22-OmciaIs Of the local trust
| companies and bankers and brokers along Girls
void street say that they anticipate no effect
locally from the developments concerning the
knckerbockcr Trust Company in New York.
| only one local bank carries an account with the
! Knickerbocker Trust Company. and at this in
stitution IT stated that the account was
small and that the developments there could be
| of no effect here.
st, Paul! oct. 22-The troubles in Wall Street
nave in no disturbed the financial condi
! tions In st, Paul and the Northwest according
10 bank officials here
We are not at all worried by the trouble in
the East" said W b Geary vice-president OF
the Capital National Bank Business is in fine
! condition. II is. of course. dependent on the
! crops, and while the crop is fair It is being
| moved at a big price with plenty of money to
move II, Jobhers collections. as reported to us
| arc unusually good for this time of the year
CONFIDENCE IN THE FAR WEST
san Francisco oct. 22-Banking and financial
conditions in this city reported excellent
| No furry has occurred on change and none IN
! expected The movement OF crops is I'm active
! progress, and as a consequence the volume Of
! money in circulation has been Increased by
| Withdrawals from the banks during the last
! thirty days. The shortage or cars has delayed
| deliveries and the return of money to the banks
therefore will be slow. However the supply of
! ready money is ample for all purposes
Stocks on the exchange broke badly at the
! opening but at the close were "A little lrmer
There was little business transacted at the
| morning session. Goldheld Consolidated which
! closed yesterday afternoon at S. ILL., opened
this morning at 81 90 and sold down TO 81 Sill
| The rest of the market in a steady condi-
ton.
Denver. oct 22.-Banking and business inter
ests Of Denver have not felt seriously yet the
! effects of the fall in prices of copper. the de-
| Clines in the stock market and the business dis
turbances in New York. There are no large
copper mining operations In Colorado. and few
moneyed men here are heavily interested in that
the bank clcarinGs, has been steadily increasing
of !ate. For the first time in the history of the
city the bank clearlngs last week exceeded
! $10.o00.GO0.
Helena Mont, oct. 22-F'inanCiaI conditions
In Montana were never better on the whole than
this year. II has been the most prosperous in
the history of the state. The banks have I'M
precedented deposits surplus and reserve funds
Portland, Ore. Oct 22.-J. l. Hartman. man
ager of the Portland Clearing House Association
| said to-day:
| The financial situation in this city is remark
ably good. The banks of Portland have more
| mo on h1n "a NJ irna in tbair tie