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Newspaper
Eugene Weekly Guard
Location
Eugene, Oregon, United States of America
Date
Oct 31, 1907
Page
6
Chicago on October 29 reports the Western financial scene as satisfactory to banks and business interests. Heads of four local institutions say conditions are better than ever, with no effect from the Eastern lull and deposits rising in recent days amid steady business activity.
Seattle banks report no action to seek a five day holiday in Washington. They say Governor Chamberlain's move in Oregon does not require any aid or response from local institutions.
Spokane reports bankers in the city hold more cash on hand than the minimum required, while other nearby institutions refuse to lend cash and instead require checks and drafts cleared through the clearing house. The move aims to prevent money from leaving Spokane through shipping payments as the situation develops.
Oliver Morosco offered James J Jeffries 1000 dollars weekly to appear in a brief revival of Quo Vadis. He would cast Jeffries as Ursus with a grand production, but Jeffries rejected due to business conflicts.
Lane County Oregon board of equalization will meet in the county court house on Monday November 18 1907 to publicly examine the assessment rolls and correct valuation descriptions and qualities of lands lots or other property assessed. Persons interested are required to appear at the appointed time and place. B F Keeney assessor of Lane County Oregon. 3 aw
An old advertisement extols Napoleon Bonaparte as the world’s greatest leader after Austerlitz and promotes Ballard's Snow Liniment as a universal remedy. It cites A. C. Pitts of Rodessa, Louisiana, praising Ballard's for sore chest, headache, corns, and general pains as a reach-through medicine. Linn Drug Co.
A Seelye of Marcota was in Ely last night on business, staying briefly and engaging in local affairs.
Salt Lake on October 29 reports francical conditions perfectly normal with all banks described as in sound condition and stable in the latest brief dispatch.
San Francisco banks activated the clearing house certificate plan on October 29 with smooth operation. The system will continue until economic conditions normalize nationwide.
Los Angeles plan involves issuing clearing house certificates while continuing payments by checks up to 100 dollars. General business transmission will rely on checks backed by clearing house certificates.
Boston advices note steady demand for Oregon wools with valley stocks near bare. Prices held firm with No 2 at 27 to 27 1/2 cents, Nos 1 and 1 X at 25 to 26 cents, and small lots of No 1 clothing at 20 to 21 cents. No broader buyers remain aside from a few Eastern fine staples.
Mrs S Abbott of 454 Pearl Street Eugene Ore describes severe back ache and kidney sickness last winter. After trying several prescriptions she found relief using Dean's Kidney Pills, regained strength, and can work without pain. Sold by all dealers 50 cents Foaster Milburn Company Buffalo NY agents for the United States Remember and take no other.
The situation in New York shows improvement as imports of gold and copper demand rise for Europe. Foreign buyers boost metals needs while metropolitan banks suspend operations prepare to resume business soon.
London and Paris bids edged the United States as it took nearly $5,000,000 in bar gold at $19.50. In New York Lazard Freres announced $2,000,000 in gold imports from London, lifting total gold engagements since Friday to about $11,000,000.
Reports indicate several banks that suspended last week have devised plans to reopen. The Trust Company of America and Lincoln Trust Company resumed operations with diminished volumes as conditions stabilize.
London trading opened with gloom as Germany raised its discount rate, dragging German consols lower before noon. In New York, prices in Americana started fairly steady, trading 1 to 3 points above parity, while expectations build for a Bank of England rate increase to 5 1 2 likely Thursday.
Paris bankers report no immediate prospect of gold exports to New York as exchange stays unfavourable and the Bank of France resists outbound gold. The bank may aid New York indirectly by supporting London if gold demand strains the financial scene there.
New York financiers opened the week hopeful after Saturday’s remedial measures to safeguard currency supplies. Cities adopt clearing house certificates to sustain business while small depositors pull funds toward vaults. Gold imports expected to rise to bolster bank liquidity as Lincoln Trust Company opens for business.
Pittsburg reports the stock exchange remained closed today as trading paused amid ongoing market disruption and uncertainty. Officials cited operational constraints and continued precautionary measures.
A window exhibit of apples and potatoes has drawn much attention in the office. Most fruit came from Finslaw country with key contributions from J M Carlile and Ira Holimar. A 30 ounce Glo a Mindi apple from Willamette valley stands out as a curiosity. People from Best admire the display and ask where to obtain samples to send home.
Boston on October 28 The Boston Clearing House Association decided to issue clearing house loan certificates bearing interest at 7.3 percent.
Reno on Oct 28 reports every bank resumes operations as confidence returns after a period of disruption. Officials emphasize stabilization across the financial sector and reassure depositors about continued service despite prior volatility.
Pittsburg officials announced no reopening date for the stock exchange after a board meeting today. The directors opted to keep the market closed pending further determination of when it will reopen.
Governor Frantz, responding to the demands of territory bankers, orders a seven day shutdown of all banks in Oklahoma and Indian Territory. Banks in St. Louis and Kansas City refused to send cash westward, prompting similar actions by banks in Arkansas and Northern Texas. Local banks plan to issue clearing house certificates to ease strain while cotton cash needs pressure from the East rise.
The Bank era' Trust Company of Kansas City with deposits of 800000 closed this morning. Cashier Hughes said it was due to the Clearing House Association refusing to extend clearing house certificates to them, a privilege extended to thirty other leading banks.
Chicago banks on a strict checking basis October 28. Commercial depositors may draw balances but must use bank checks. savings withdrawals require notice of thirty and sixty days. A minor run at Hibernia Savings drew police but no disorder as about a hundred people queued.
The Clearing House Association has decided to issue clearing house certificates in Baltimore on October 28. The move aims to standardize and secure interbank settlements as part of ongoing financial reforms.
Berlin observers report the imperial bank of Germany raised its discount rate from 6.5 percent to 6.5 percent today. The move is attributed to New York's demand for gold and reflects international money flows affecting German policy.
New York reports that large gold imports and cotton crop movements to European markets along with revived copper demand abroad are expected to ease the financial stringency and improve US level credits for bankers.
The life teams of Companies A and C Fourth Regiment of the N G held their annual competitive shoot on two ranges south of the city for team and individual trophies. Results were listed but incomplete in the fragment.
New York October 25 The United States Exchange a small Harlem bank failed to open today. Brooklyn banks also remained closed along with the Borough bank. The International Trust Company with ties to the Borough bank shut at 10 40 this morning signaling continued banking distress in the area.
Maximilian Harden, editor, was acquitted today in the defamation suit brought by General Count Kuno von Moltke, former military governor of Berlin. Von Moltke was ordered to pay trial costs as cheers greeted Harden’s verdict.
Hull's Drug Store guarantees Hyomei as a cure for catarrh with a money back promise if it fails. The medicated air is inhaled via a pocket inhaler, reaching nose throat and lungs to destroy germs and heal irritated mucous membranes. Complete outfit costs $1 and requires no risk to the user.
The morning sees a calmer tone in New York business circles as relief measures by J. P. Morgan and John D. Rockefeller, plus Trust Company of America officials meeting depositor demands, bolster bankers. Treasury Secretary Cortel says conditions steadily improve and $4.3 million flows to the Trust Company of America through the subTreasury. In Providence a run suspends Union Trust, with a notice stating the bank will not open due to money market stringency.
At East Greenwich, the Union Trust Company of Providence branch did not open for business today marking a brief disruption in local banking operations.
At Central Falls the Union Trust Company of Providence branch opened this morning but a run began and it closed its doors after ten minutes of business. The incident underscores banking tensions in the area and affects local customers seeking deposits and withdrawals. Authorities investigate causes and potential protections for account holders.
Eugene High School defeated Albany College 21 to 0 on the University of Oregon grounds. The game featured strong Eugene rooting, 11 points in the first half and 10 in the second, two touchdowns in the final period, and several penalties that checked yardage.
The ad touts Hollister's Rocky Mountain Tea as a trusted remedy for digestion constipation rheumatism and blood purification with claims of a thirty year reputation and high merit. It emphasizes the beverage as a widely recommended cure all for various ailments.
New York copper stocks advanced one to two points as muck exchange operations remained irregular and weak. Canadian Pacific fell 1 4, with other lines showing uneven movements amid mixed market conditions for the day.
The Postal Telegraph and Cable Company sues Oregon and California railroad and Southern Pacific to lay a telegraph line from Portland to the state line along railroad property. It seeks to run parallel on the opposite side from Western Union and would string 266 miles of wire. The company offers to pay damages of 2100 for the right of way.
A clipped ad from Chambers Hardware Co mentions Clauses automatic atrop promising to keep your razor edge sharp. The brief note cites a date 10 25, implying a sale or product offer.
A Lane County growers association pledges to ship only the best fruit and vegetables, aiming to enhance the county’s reputation for pears and apples. The piece notes strong growing regions along Sluslaw and Western Lane, calls for better marketing, and lists varieties like King, Spitzenberg, and Gravenstein, with a land public notice about timber land sale and patent claims in Oregon.
Miss Marie Bradley of Portland, a 1903 University of Oregon graduate, has been named a government special agent to investigate women and child labor. One of one hundred contestants, she heads to Washington to begin duties, earning 1200 dollars annually and three dollars a day for expenses.
An old advertisement asks about kidney and bladder trouble and promotes Williams Kidney Pills sold by Linn Drug Co for 50 cents. The copy mentions Williams Manufacturing Company based in Cleveland Ohio and urges readers to buy for relief.
United States Land Office announces Viola Page of Seattle filed sworn statement No 8467 for lot 4 and the W 1/2 of SE 1/4 of Section 30 in Township 17 South Range 7 West Willamette Meridian. She will prove land valued for timber over agriculture before A B Commissioner Eugene Oregon on Tuesday November 1907. Witnesses include William Neely Geo H Alden M P Mabe John H Dick. Adverse claimants must file within November 6, 1907.
Lyman J. McCrath of Sultan Washington filed sworn statement No. 8468 on April 11 1907 for the SE of Section 10 in T17S R7W Willamette meridian seeking timber and stone value rather than agricultural use to establish a claim. U S Commissioner Eugene Oregon will hear on Tuesday with witnesses H Hale C Kansas Hale Markur Man and C P Courtright all of Hale Lane County Oregon. Claimants must file claims by November 5. Bhan y ENJAMIN L EDDY
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