The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1907-11-08
STOCKS BUOYANT.
rTo@ Ja.I J t-fsj 81
.g s,.t
Result Of Favorable feataIes
W. r.. r3E3lG
3. In Money Situation 81. -@'
+. go r lj-H .,,-
20. rliI = - ;I.- L- H.. IL
) MORE COLO FOR IMPORT. I'M
Agreement Reached Regafding
Trust Companies ..
VIII Receive all the Support ReGuir-
cd-Situation Becoming Normal.
Little Apprehension Felt of Bank
of England Raising Discount Rate
to Prevent Outflow OF Gold.

New York, November 6.-The gen
eral conditions OF the financial situa-
tion were favorable today. The runs
en- the trust companies had praeti
cally ceased under the encouraging
influence Of the support Of the trust
company committee, gold engage
ments were further Increased and the
stock market rose buoyantly In recog-
milton of those conditions.
The announcement by Mr.. King,
president of the Union Trust = ,rn-
pany, early in the morning that an
agreement had at last been reached
by which the Trust Company of
America and the Lincoln Trust Com
pany were 10 deposit their stock in
the hands of committee of trust
company presidents and in consider
ton of this were to receive all the
support required, finally cleared the
air IN ac5gard to the trust company
SltuatI9ns = Ihl.als ...-, -.
Grave apprehension existed as to
y the termination of the conference at
y Mr.. Mor%an. $, house at three O'Clock
this morning, that agreement in re-
n gard to the two trust companies Woul"
not Gpe reached and that they might
be subjected tQ u run too strong Tor
their impaired resources. Il. Now tnat
this; danger - removed, 1t IS DelIcTed
that the situation will gTsu3IailE- sim =,
rner do4vn, with the CONTINUOUS ar
rival Of. :Hoift. untiI the Scttip9"Ecy IS
-tIcOnGerteI into the plethora OF reserve
money in banks, which usually fol-
. lows. q crisis. ..t,. 4tts4 r..;.
. Additional gold engagement We're
announced today Of ST. 100000 on fc-
court of hazard, EErefesr aadf %5p0,QOV
for E!ontreal. This brinsseup the real
81 total * old: engage Iiant. for America IN
the recent movements to $31.5OO,O0O'
which would afford the amount re-
EtsqtAiSf fOrAleGal r1s"r,A against d"los
its OF s tf4r4+1 500. The |O!d Whlch
r t2trrfvgtl yvee tt I'D Az. was Ell Qsited t''Iay
that ssoitt1~, al .ll;tu,a viii soon pe N
the vaufts.-a8a the BANKS. .......
t.-.~ White there IS still some JDpreh en-
sion regarding the possible effort 'o1
Sle Bank of England t" check the
@ Nat1oW OF gold frOiti I-onflon by rails
ing it's di,:o:Iu! .::"tte son .!h'rSdtHN'
II there is IA strong feeling among con-
serYatiNR financfrs here cth2t the di7
recfors of the Bank of England Will
be- very reluctant to fix q rate OF dls-
'-.t count which has not bAen reached
q TsinceI,,1iG. It might have been found
necosearv to overcome this reluctance
if the Parle nf France had not so gen
erouslv dir,(ea into its immense re-
serves, under the enlghteheo poiIcs
OF Governor Pail&tHt oS 1lle, iul "f1
of sterling bills to the al-Nf4tth' oi
:90O,000 to relieve the London n.> at
rsfEY Thf hfAAngth, Of the stock marh$
was theretex Of improved feeling
throughout the financial fc,9mmunaty.
1t, is: believed that the stock marRet
has pretty well discounted tine worst
3. and that prices are not likely to go
much lower, even in case of new dis
turbances. 1t is understood that the
J arrangement by which the commit
. tee OF the trust company presidents
- takes control: of. the majority. stock OF
the Trust Company of Americas and
the Lincoln Trust Company, is only a
temporary device, to re-establish conf
TTfdencea What will be the ultimate dis
Z !; position of this stock has not yet been
(: seriously. considered, but il is certain
: that the trust company com n1ittee and
the clearing house committee viii in
STAT that these companies pursue in
future allpolicE of the: strictest con
servatism and shall not embark IN any
underWfftfngs Witch are not capable
: E'of being 5icbnVBfteH readily into. cash.