AMERICAN PANIC.

Dominion, Volume 1, Issue 31, 31 October 1907, Page 7

AMERICAN PANIC.

SPRSABINfi WESTYMRD. . . . ALL OKLAHOMA BANKS CLOSED. CALL MONEY AT 75. IMPORTATION' 'OF GOLD FROM ' ABROAD. BT TEIjEGUA.ru—VUESS ASSOCIATION—roryniGIIT. ' ' How York,' October 29. . All tho'bnnks ill Oklahoma City have'closed temporarily, oNving to cash stringency, it is oxpccted that thc : banks 1 in the Indian Territory, Oklahoma Territory, Arkansas, and Northern Toxas will also closo, owing to tho refusal of. the banks in Kansas City and St, Louis to (forward specie. Tho Banking . Trust Company of Kansas City and tho Bath Trust' Company of Maine —small concerps—have suspended. Tho leading life, insurance companies have granted thirty,; days'. extension of timo for payment, of premiums. ■ ' ... The clcaring-house banks in Boston, Philadelphia, Chicago, and elsewhere are issuing clearing-house, certificates. On the. dissolution of the bankers' pool for providing,'loans for. n brokors, call.money,.rose to 75 per cent., but just before tho Stock Exchange closed two banks each loaned a million dollars (£200,000) on the floor, of, the' Exchange at 50 per cent. A crowd of depositors created a, disturbance outsido ' the Hibernian ' Savings Bank . at Chicago,' because sixty days' notice of withdrawal was onforced. The police dispersed tho crowd.

Now York'gold importations from abroad now amount to 21$ million dollars (£5,500,000). A CERTIFICATE..ISSUE AT SAN FRANCISCO. . (Rcc. Oct. 30, 10.22 p.m.) \ Ncvv VorU; October-30. Owing ■ to cash stringency, there is a generaPi-iistriction in stock doaling and bank, ing business throughout the United Statos. San Francisco banks are issuing clearinghouse cortificat-es.

GERMANY'S HIGH DISCOUNT RATE. DESIGNED TO I^TAIN'GOLD; ■ ' FALL IN CONSOLS. ;' 1 , ' MORE RTJNS. * (Rec. Opt. 30, iO.ol'p.m.) ;• London, October '30. Consols are at 82 (a fall of £1 sinco last Wednesday). . V ' Berlin, October 30. ' Tlio i Reichsbank lias', raised the discount rate tr. 6i per cent, in-order to'prevent jrold exports to Now York. ( . New Vorii, October CO. ■ Runs on the' Trust Company of America and other trusts woro resumed' yestdrdiy 'in diminished volume. .q ,; :,?■ ■■ ■ ;•> : Tho: officials of several of tho ' suspended frosts} and Stato businoss on Monday. . Mr.: Cortelyou, Secretary to: jiho? Treasury;; announces, that tho Government has., deposited. £42,723,048 .in tho National banks, 14 millions sinco early in- September.