Show SOME PROGRESS MADE LAST S WEEK U Indications That the Panic of 1907 Has Inflicted All the Damage Possible MORE GOLD FROM ABROAD BETTER BETTER PRICES FOR ACTIVE SHARES I I 00 Chicago Nov 9 That tho S financial flurry has practically 0 J ceased is the opinion of ot former formerS t to o S United States W A 0 t o Clark of or Montana who was In 0 o 3 Chicago ago today en route to Arizo Arizona o S na where w re he will inspect various Jo Joo o mining properties which he con controls 0 3 4 o troIs there He said that the tho re recent recent b 0 cent heavy shipments of gold 0 S o from Europe have aided material materially 0 0 ly Iy In the readjustment of the Ii s finances and that con conditions 9 generally will sp 4 right themselves Mr Clark left i 9 for tor the southwest tonight New York Nov financial sit situation situation situation made further progress today to toward toward toward ward the resumption of normal condi conditions conditions Gold was was engaged to bring the total for this movement up to more than an unprecedented ac acquisition acQuisition acquisition of the yellow metal in the history ot of New York finances the th ban bante statement was more favorable than had been expected showing a loss of but In the bank cash holdings and the market was firm most of the active shares showing advances on the days trading All Benefits Not Shown The bank statement does not show the full benefits of the gold received from London as the statement Is cal calculated calculated calculated on a basis of averages for each day d y of the week and the greater lot lotof lotof lotof of the gold was received late in the week Thus a statement of or the condi condition condition condition tion of the banks at the close of the business day would show their cash supplies to be much larger than under the average system of computations Next week there will be more arrivals of gold and all aU of that received this week will figure for the full week so that next weeks statement Is expected to show large gains In reserve While the deficit in the reserve is l it should be noted that the cash ash on hand Is still 20 0 per cent of all deposits d including those made by the govern goern government ment ent and which are secured se ur d by collat collateral eral This Is 5 S per cent less than re required reQuired required by the 25 per cent rule rille but it Is 5 per cent more than the local Institutions institutions institutions are called upon to maintain un under under under der the state banking laws Stocks Slowly Rising Actable advances were made by the active shares of the stock during the week financial sales showing higher prices as follows Union Pa Pacific Pacific 2 United States St tes Steel 1 the preferred 2 Reading 4 Pennsyl Pennsylvania Pennsylvania Pennsylvania vania 4 Northern N Pacific li H 1 New NewYork NewYork NewYork York Central 2 Missouri Pacific 1 Great Northern 2 St Paul 2 and American Sugar 3 |