The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-11-06
Shipped From Washington
10 New York and Other
Points Asking for It.
STILL MORE GOLD COMING
Stock Market Prices Show I'M
proved Feeling in Nearly All
Leading Issues--Trus Com
pany Situation No Longer
a Subject of Anxiety.

NEW YORK, Nov. &-The 1nancia'
situation throughout the country from
every standpoint is more encouraging
today h a at any time during the last
two weeks. The comptroller of the
currency at Washington is making
large shipments of currency to national
banks and applications for increased
circulation continue to comG in in UNI
diminished numbers. Up to t1is time be-
tween Sc, 900, 900 and $1,000, 0OO increased
circulation has been forwarded to ma
tional banks, and each days shipments
show an increase over those of the day
before.
Very buoyant conditions were evil
tent in the stock market early in the
dealings today as an expression of the
satisfaction felt with the financial
DEVELOPMENTS over the election holiday,
including the arrival of the first con-
signment, upwards of $4,000, 900 of gold
from Europe, additional engagements
of gold for import and the fortifying
of the trust company situation in New
York so as to practically eliminate
anxiety on that subject.
After opening with small advances
and losses mixed there was a general
upshoot of prices IN the Stock Ex-
change. Illinois Central rose an, Great
Northern preferred 8. Pennsylvania and
Reading 2%, United States preferred
and American Smelling 29s, Union Pa
cifc and Sloss-Sheffield Steel ~. Great
Northern o2 certificates 2A, Missouri
Pacific pa and Atchison, New York
Central. Ontario and Western and
Chesapeake and Ohio 2 points.
Prices fell back slightly after the
first uprush and the market became
q~uieter. The buying on the advance
was in large volume, which is taken
as an indication that heavy investors
are in the market.
The Trust Company of America opened
at 10 a. m, with an augmented force OF
paving t~ellers, and the Lincoln Trust Com
pany also opened for business, as usual.
This was mainly the result of conferences
held in the library of ]. p. Morgan through
the night. which resulted in the issuance
OF a statement saying:
The committee OF the trust companies
of New York City has had the assets OF
The Trust Company of America and the
Lincoln Trust Company examined by ex'
perts. who report that, in their judgment
on the present basis of values, the assets
OF each company are sufficient to pay its
depositors In full. 1t has been arranged
that a majority of the stock of each COM
pany shall be placed under the control OF
a committee composed of Mr.. King, presi-
dent of tho Union Trust Company; Mr.,
Sheldon, president of the United States
Trust Company; Mr.. Marston. president OF
the Farmers Loan and Trust Company
Mr.. Waterbury, president of the Manhat-
i tan Trust Company: Mr.. Castles, presi'
dent of the Guarantee Trust Company, an6
Mr.. Wallace, president of the Contra
Trust Company. who win net in an ad
visory capacity. and the necessary fnan
cial rrangementh has been made to enabl'
both companies to proceed with their bust
~ress.r
An official of the Lincoln Trust Company
said today that the situation has been en-
tirely cleared up and that the company
now in a position to continue its business
as usual. All depositors who apply I
withdraw their deposits will he prompt,
taken care of, he said.
The flood of gold from Europe to Americi
continues. More than $3I,000,O00 alread,
has been engaged for, import since th
present movement began, less than tw
weeks ago. The first additional ngage
ment reported today was one OF 100000 70
the Bank of Montreal. Lazard Freres to
day engaged an additional million dollar
In gold for import. This makes the totf
engagements to date inst $37,c50,0Oo.