The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-11-05
Notes and Coin Exchanged for
Certified Checks.
IN BOXES AND SOCKS.
People Bring in Their Savings
to the Brokers.
BuenOs Ayres Is Shipping Gold
to New York.

ueHoIllnalonS ana In varying stages
of crispness poured into the Office of
several brokerage houses in Wall
street yesterday from all the hooks
and crannies of New York. Hearing
that 2A and Il per cent premium
was being paid for ready money, men.
women and boys brought their savings
to the financial district and changed
them for certified checks with the
premium increase which they deposit
ed forthwith in their banks.
In the offices of Mann, Bill & Ware.
that led in the premium paying, there
was a never-ending line of assorted
personalities throughout the day.
They came from the east side, prin-
cipally, and they carried their savings.
which ranged all the way from one or
two hundred dollars to five or six
thousand dollars, in pasteboard shoe
boxes, in toy banks, in old socks tied
with a bit of cord. in their pockets,
and in one case, in a derby hat.
In one of the brokerage offices a
lad appeared with 5000. his savings
from the sale of newspapers for three
years. This he exchanged for certi-
fed check, including the premium.
Gold From Buenos Ayres.
Buenos Ayres, Nov. 5.-Nearly s.
100000 pesos in gold, which several
banks here have withdrawn from
their conversion fund, has been ship
ped to New York.
Can't Hold the Gold.
London, Nov. 5.-Trading on the
stock exchange today started well,
operators being cheered by the an
that gold shipments from
Paris to London were being arranged.
Americans, taking their cue from the
favorable close of the market in New
York yesterday. started quite firm at
above parity, but subsequently de-
pressed the best quotation.
Union Pacific was one point and
Canadian Pacific y of point below
the opening level. but they were one
or two points higher than yesterday.
Bullion brokers believe the outflow OF
gold to America from London will
Bank of England's discount rate is
raised to seven per cent. It Is pointed
out however, that if such rate be-
comes necessary 1t is bound to attract
gold from other sources, thus offset
ting the American drain. -t,
The Bank of England's discount
rate has not been above per cent
since 1873, when on November z, of
that year, as the result of a. panic on
the stock exchange the rate was put
up to 9 per cent
The United States government pur-
chased another consignment of bar
gold amounting to 9750,0O0, from the
Bank of England. Canada also took
E26. .ODO In SOV6T0lSHS, AoA
he United States. A large quantity of
gold will be shipped to New York to-
on the White Star line steamer |
Oceanic. |
Paris ships to London.
Paris, Nov. 5.-The Bank of France |
today made it's shipment of gold to the |
Bank of England in order to relieve
The tension there caused by the
American demands. In pursuance to
the decision reached last week the |
Bank of France. at the request of the |
Bank of England, purchased $4,000 |
300 time sterling bills, renting for |
hem English sovereigns and Amer1- |
can eagles.
Strong Opening in Berlin.
Berlin. Nov. 5.-Prices on the bourse |
oday opened stronger upon the expec-
alton that the Bank of France will |
upply gold to the United States, which
would relieve the pressure in London.
americans opened with increases of
everal per cent. The market weakened
ater upon the lower prices in London
md the advancing discount rate in tho
pen market here.
Ss,OOO,O 900 In Gold Arrives.
New York, Nov. 5.-Before the closing
# hauling hours today $8,000,000 in gold
.oin and bullion part of the cargo of
he North German Lloyd steamship
<ronprinzessin Cecilie, will have been
deposited in various banks of this city.
part OF the IlOOO OIL SOlo HOW Oh IFS
way to this country from Europe.
The Kronprinzessin Cecilie left Bre-
nen October 20. Following almost in
Ter wake is the Cunard Lusitanta from
liverpool with $1o,ooo,000 stored in her
trong boxes for the relief Of money
amished New Workers.
There is practically no danger now
days in shipping such vast amounts
# treasure across the sea. The great
veSsels are the acme of safety. Their
T. -,-l% - |
he best safe deposit vaults in this city.
Though the Kronprinzessin left Bre-
ne1. three days ahead of the Lusitania
he will make port only one and half
lays before her arrival ii the giant +
>unarder holds her speed.
Importations Fall OF.
New York, Nov 5.-The tightness of
he money market is reflected in the
nonthly report Of Col. Edward Fowler,
ppraiser of the port. His figures for
he month of October show an approx
mate decrease of over three millions in
he values of importations. compared
18th the same month of last year.
Luxuries show the principal decrease.
he appraised value of precious stones
Or the past month was sZ,o4ls147, as
oo6 Two hundred automobiles, ap-
raised value S591, ,466. were imported
,st month, in comparison with 220 cars
rought over in the same month year
60 valued at 5000
No Cause for Extra Session.
Louisville. KY, Nov. 5.-Colone1 John
}. Powers, president of the American
sankers' association, in reply to many
.tters and kilograms today made the
blowing statement:
ct declined to join in the request &c
he president to call an extra session
f congress. because I would not ask
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