Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-10-31
CONDITIONS NEARLY NORMAL.
MANY National Banks Are Adopt
ina Suggestions to Take Out
Additional Circulation.
Ttea-ury Omcials Agrecably Surprised
-Bankcrs Seem 90 Think Il VIII
Have Good Eject.

/ pubiic confidence IS indicated by che
diminished interest taken In the hnan-
/ ehl situation, which tries to readjust
itself 10 a normal basis. The gold
eursgements were Increased today by
1900 900. bringing the total up to $685.
100000. The Bank OF England's IN
creased rate TO 5k was fully expect
I'D and was better than expected AS
the advance was 6 per cent when the
Bank Of England protected its gold
stock against withdraw walls from the
A United states. The stock market
fluctuations did not differ materially
from those OF ordinary times. The
market in general was very strong
Several Of the banKing Institutions
which have experienced difficulty held
meetings during the day and readjust-
cd their Affairs and resumed business,
an "a few runs which have been gons
on amounted to nOthlu. The hrst
prices Of stocks showed "a tendency
towards "a reaction al some points IRON
" yesterdays buoyant closing. some
stocks showed sharp advances but me
volume OF transactions was small.
Hooking Valley preferred sold al a
decline of 10 points from the price OF
the preceding sale three weeks ago
. Delaware a. Lac ha AilllH anu hN'nA-
cru sold at 400 "a recovery OF yestcr-
days 30 point decline National Bis
4 cult was up 2, National Lead pre-
4 ferred and Toledo. ST Louis q West
i cn Ia and Reading Manhattan 49,
Distnlers' Securities I. Prices NOV
i "a towards recovery az the first few
minutes and the opening declines were
mostly viped out In the course of the
first half hours operation Canadian
Pacific rose I a over last night Unit
ed states Pipe preferred sold al a de-
cline OF 3ia.
can money was offered for loans at
AZ per cent ON the stock exchange az
lo.4O a M but found no borrowers.
WILL TAKE BUT CURRENCY.
Washington, oct 31.-Treasury Of
hcials are agreeably surprised at tho
humber Of banks throughout the coun-
Try which have already indicated their
purpose 70 comply with the suggestion
OF The comptroller Of the currency
that additional currency be taken out
although the suggestion was made only
yesterday Afternoon a large number OF
kilograms were received at the de-
partment as early as 9 o'clock this
morning asking for additional circula-
ton varying I'm amounts from a few
thousand dollars TO S2.000,000. George
4 r. Roberts, former director Of the mint
and now president Of the Commercial
National Bank OF Chicago. Is here and
has engaged g.. 600, 900 additional circu-
lation for HIS bank Sol WeNler, vice
president OF the Whitney Central Ma
tional bank OF New Orleans is also
here and is making arrangements to
materially increase his holdings.
Other prominent bankers through
Washington repre- sentatives. are ar
ranging 10 deposit the necessary SCI
curities preparatory 20 taking out ma
tlonal bank notes 10 the limit of their
capital stock. The comptroller now
has in his vaults national bank cur
rency 10 the amount of Sl6I 300 600 and
while "a considerable portion of this
belongs TO banks that bave already
reached their limit under the law, a
very large sum h. available Tor bank.
that carry only a comparatively small
amount when compared with thet
capital.
one large New York bank could
under the law. n is said. take out
$40. 900 900 additional circulation and
I'm an probability viii soon ask for
n materiol Increase. Mr.. Ridgcly to-
day expressed the opinion that within
the next o days the outstanding cir
culauou IF banks viii have been in
creased from $4,000, 600 10 100000
600. or more. There are Indications
that New York banks which have no
United states bonds on hand TO dc.
posit as security for circulation are
borrowing from other banks that
HAfHh' IN "NA NNNn 'NA ANNNlN Ut nave AN~
rcudy reached their limit IN many
INSTANCES these requests for accom-
moiatious of this character are being
complied With and there seems On be
general inclination among banks 20
assist One another m the EFFORT To-
materially incrase tho amount Of
bank ciraElatitN.
PLAN WILL HELP
Chicago. Oct Speaking OF the
o.. ID
crease tle bank note circulation.
.'rest aan j. Mitchell ~ the hin.
Trust So Savings bank OF this city
"1hero Is no doubt that Il win hav-
g sup. .HulI1l effect and viii rolie-s
..' .ltu N'u very materially AT
,l.. however the stress OF the
flai Hfuatiun .a fodaB nothing b
mapr with what b. has been
people have largely recovered
um choir slight Mysteries and the
Iui zion ls brighter in every way. I
ctc1laUo uill be m This city. hut
MlN De- several millions"
It0fi George NJ. Reynolds Df The
'9ui'nrntaI National blnN SOFIA.
Ife plan wl be a very great help
i tna banks VIII avail themsfl rs III
Do my opinion Do will greatly re-
.e 'ne situation. Th rc - mo- Z d.
10 present how much the Chicago
n" would increase their circulation.
n.ahly BOB thc utghborhood OF
ions. BUSH ss c1ndlt ma
Ily improving au tht general
'N|Imn Dr. much moro faV rlll now
'''I ai tho opening of thc week."
sT LOUIS APPROVES.
S. Louis. oct M.-Concarnns the
.liinmont issued by Com tro'lcr RIOS -
lf Win reEarl to plln for the im-
U.'IInic increase of national bunk note
circulation. several oEpro.slouH Wers
en-.
~ d McClennoy. vico president OF tho
'"D National bunk said;
.n ihlu8 ii ia worry good scheme, and
nanfs tnni have government bonds
lDANl 90 secure United statc8 De-
" should take advantage OF o.
o. lhl exchange suggested nnd take
alton against tho boVis With
hnltlg. president of me Third