Los Angeles herald., 1907-11-01
NO EXCITEMENT SEEN IN HUsI-
NESS CIRCLES
Bank cIearsnces for Ten Months
Ended Yesterday SHOW. Marvel-
GUS Growth In Volume Of
Transactions
(Continued from Page one.)
October, loss, s775.165 Ner gain $42,-
5sl, ,SO3.
SAN FRANCISCO IGNORES
HOLIDAY; $f,25o,ooo PUT
OUT BY su5TREAsuRY
BY Associated Press.

BY Associated Press.
SAN FRANCISCO. Oct. 3i-san Fran
cisco passed quietly through the first
day of the series of public holidays pro-
claimed by Governor Gillett.
All of the local banks. excepting the
California Safe Deposit andl Trust com
psny. which suspended yesterday, opened
their doors at the usual houf this morn
ing and throughout the day deceived de-
posits and cashed checks. fhe general
volume of business was reported as not
far out of the ordinary.
The governor, following the plan an
nounced by him, has PRONOUNCED tomor-
row a holiday.
The bank commissioners spent the en-
tire day examining into the condition OF
the California Safe Deposit and Trust
company, but gave out no statement.
The Clearing House association an
nounced the bank clearings for the week
ending today were s40,555,595, as against
st7. .635 sol for the same week last year,
falling off of s7,0SO,OO6 or 14.s per cent.
The clearances for the present month
were s2ot. .2u, ,6Ss; for October of 1906, $685.
989. .79S, a decrease of $5,74S,195, or 29 per
cent.
AS indicative of the feeling Of entire
safety In the local banks, neither the
State Banking association nor the clear
ing house directors held a meeting today
The San Francisco sub-treasury today
put into circulation $1,25O.OOO. Ot tnls
amount S750.O00 was released on tele-
rraphic transfers from New York banks
in partial settlement of balances due
their San Francisco correspondents, and
100000 was paid out in cashing certi-
ficates of deposit held by local banks tor
the last twelve months.
Cashier Burns said that an additional
million will be put into circulation TO-
morrow by New York transfers. One
San Francisco bank today succeeded In
selling s1000,000 of government bonds IN
New York and the price money is IN
transit by express. Twenty thousand
dollars, gold, represented the days re-
CENTS at the customs house. This amount
was checked out of local banks.
Advices are that several millions of
dollars of the import gold engaged by
New York in Europe and South Amer
la, now in course of sfhiyffRt will be
at once diverted to this city II: settle
ment of eastern balances.
Inquiry developed that all of the COM
mercial banks responded promtly today
TO the presentation of checks for the
making up of October pay rolls, and this
was pointed to as one evidence of the
comparatively excellent conditions OBJ
tanning here.
Leading members of the clearing house
reafnrmed Their statements oI yesterday
that no genuine cause for alarm exists,
and predicted that the present stress will
have disappeared before the close of next
week. as the situation in the east is re-
lieved and settlements due the banks
here are made.
Business at the San Francisco stock
exchange opened this morning with the
majority of the stocks strong. Goldheld
Consolidated at the close of the morning
session was quoted at 1892 bid. Business
was light.