Semi-weekly herald., 1907-10-28


around the closed building for long
time. When she returned home she
found burglars had ransacked the
house. The thieves knowing she was
away took their time to remove every.
thing OF value The property was val.
ued at several thousand.
New York. Oct 24.-The situation
this afternoon has cleared and the
furry seems over. The big banks all
prove to be In good shape. Market
has improved and the excitement is
over.
Chicago, Oct. 2i.-There are no
hurry In financial circles here and
no signs of any local disturbances.
Denver Oct 24--Except in the
brokers' Offices there are no signs of
excitement All is quiet in banking
circles. whore the deposits today ex.
ceed those withdrawn.
New York. Oct. 25.-The financial
| situation is still disturbed Four minor
banks failed here and one In provi-
dence. but the magnates and the clear
ing house believe they have the situa-
tion well in hand.
New York, Oct. 25.--Openlng prices
In stocks showed many wide ad.
vances, Some declines we're mixed
with the gains. St Paul particularly
running on ia and under. United
states Steel preferred, ~: other
stocks reacted after the opening from
the first advance. Southern railway
preferred jumped "a on the first sale.
American smelling rose 2 5-S. Union
Pnciflc 2. Canadian Pacific 14, Della.
ware A Hudson l 5-S. Baltimore e.
Ohio and American Smelling company
preferred / ~ Great Northern pre-
fcrred "a An immediate reaction
wiped out these gains and within ten
minutes the average level of market
rolapsing to below last night.
New York, Oct. 25.-Wall street IN
sists that the control OF Illinois Cen.
trail viii pass from the hands OF E. II.
Hartman no matter what the result
OF the fight now on with Stuyyesant
Fish. The report in the banking dis
irict that Union Pacific will part with
Its holdings IL Illinois Central was
partially confirmed by Mr.. Hartman
himself who said this morning. This
is not the time to discuss matters not
OF immediate Importance. The inter.
est and attention of the Investment
world Is and must be taken up In other
and more important directions.
New York. Oct 25.-The Borough
bank of Brooklyn. state institution
with deposits of 100000 did not
open today for business. It's business
was not very large. No prominent
financlers were connected with II. The
International Trust company closed
It's doors at 1910. This company had
business connection with the Borough
bank OF Brooklyn. The Brooklyn bank
with place of business at Fulton and
Clinton streets, Brooklyn. did not open
for business today This bank owes
It's dcpositors s1,500.000. The United
States Exchange bank OF Harlem. Il
minor institution. doing neighbor-
hood business. failed to open for bust.
ness this morning.
Providence, II. l.. Oct. 25.-The Un-
ion Trust company, on which there
has been a run did not open for busi-
ness at . O'Clock, the usual hour. At
O'Clock this morning depositors be-
=. t,. ~.
trance to the bank and half an hour
before the opening time there were
more than 1,500 persons In line. At
. O'Clock the following notice was post
ed on the door OF the bank: This
bank will not open today. owing to
the strlngency of the money market"
New York, Oct. 26.-Peace reigns In
Wall street this morning and It is
quiet following the storm. There is
no furry. and no failures reported.
The stock exchanges resumed today.
but only for two hours session. The
financial fever may break out again
Monday, but Mt the meetings this
morning of clearing house and big
inanciers II was stated that the sit.
uatlon was well in hand and the storm
weathered without any panic. Runs
still continue today on two trust COM
panies. but the line steadily decreases.
| New York, Oct. 26.-The savings
banks of greater New York this morn
ing, with the purpose of further as
| sistlng In the restoration of security.
decided to avail themselves OF the pro-
visions of law permitting them to de-
mand sixty days notice OF intention
TO withdraw funds. This will prevent
| depositors from taking out OF circula-
ton and boarding big funds and the
money which is needed to turn the
tide. Sixty days notice will be re-
qnired by savings banks. however,
only on the Withdrawals OF more than
800. Special emphasis is laid upon
the fact that no suspicion OF Inability
to meet the demands attaches to any
savings banks.