Rensselaer Semi-Weekly Republican, Volume 40, Number 16, Rensselaer, Jasper County, 1 November 1907 — FINANCIAL CONDITIONS. [ARTICLE]

FINANCIAL CONDITIONS.

Reports from -Various Commercial ■■SSfca-tora - V - ppS* CHICAGO.—The Chicago“frfta n cial sit-i nation is as strong as the Rock of Gi|braltar. Banks have found safety in their own examinations. Local institutions have not indulged in wildcat speculations. They have attended to commercial dependencies strictly, and hence the Wall street flurry has been felt but little here. BOSTON.—There is little anxiety among banking interests here. Thus far the only effect of the disturbance hat been an unsettled market, especially for copper shares. PHILADELPHIA—Ph iladelphia banks are in a strong position and able to withstand any drain that they may be subjected to. A pool stands ready to take care of any financial institution that may develop weakness. LOS ANGELES.—Financial Institutions are solid and no fear whatever is felt. ST. LOUIS. —There is no reason to fear a serious business depression or financial flurry here. We are getting more independent of Wall street and are not disturbed by its flurries. KANSAS CITY. —Financial conditions fa Kansas City are healthy. West of and contributory to Kansas City conditions have been unusually prosperous and the country banks have plenty of money. MINNEAPOLIS.—The time has passed when Wall street conditions can have any serious effect upon conditions here. The Northwest, for several years,- has been lender rather than a borrower of money. SAN “FRANCISCO.—There is abundant money in the commercial banks here for legitimate purposes and nothing Is to be feared on account of any of the San Francisco savings or trust banks. DENVER.—Banking and business interests in Denver have not felt the effects of the Wall street flurry. PORTLAND. —The financial situation fa this city is remarkably good. The banks of Portland have more rndhey on hand than at any other time In their history). There is scarcely a bank in this territory that is not prepared for any emergency. BALTIMORE. —Bankers and brokers Repress no apprehension over the financial situation. Local hanking institutions are in a strong position. MILWAUKEE. —National and private banks are doing business without any exf c'itement to-day. They have prepared Tot any emergency that may arise. CLEVELAND.— I The flurry in New York had no effect in financial circles here.