Show i LD fROM ABROAD BOAD HELPS PUT OU l lE E IN N MON V Rl I I I NEW YORK Oct The 29 The fin financial I situation was without develop developments intents ments today and the abating in the tho excitement ex- ex exI I i indicated that the pubic c had i i practically gotten over its it scare The Tha stock market was a little unsteady but I i without ut extreme extreme agitation v J I IThe I The announcement that tho Imperial i i Bank of Germany had raised its discount dis I count rate from 5 51 to 6 61 per cent iu lu i order to retain its gold old holdings ho was wa not unexpected ted b bv by bankers It is 15 thou thought ht quito quite likely that the tho B Bank of ot England will follow suit suit- b by r raising raisin i its rate atthe at atthe atthe the regular meeting Thur Thursday dar Scramble for Gold Last year ear when tho the United States Statts was a absorbing b En English li lish h gold the Uie rate was as raised by thea the tho Bank ahk lk of England n gland land at ata t. t a special meeting and it will be a 8 favorable fa- fa favorable fa aign ign if it the Die matter is not taken taken up until the tho r regular tit weekly meeting of the tho directors director rho Tho s ramble for gold is b such that all nil financial 11 ci c centers London Londo London 1 Paris Berlin Derlin and New York that York that the metal will go to the highest hig bidder an and under present conditions New lew York is likel likely to appear for a time in this role The JT g O l clear evidence e of a renewal of ol forced liquidation caused bythe b. b by bythe the wit withdrawal of credits in which the I I I i i i i I U stocks figured as collateral Canadian Pacific slumped S points under this the 1 1 4 St. St Paul 1 1 process h Pennsylvania Hsi h f Union Pacific e 2 Ih American Smelt Smelt- in Pug ing 2 Great Grent Northern preferred 1 11 and and Southern Pacific Atchison Missouri Pai Pa- Pa and the thc United States Steel stocks t appoint irit or or r more more Business Quiet Today Shortly after 11 0 o'clock dock the market quieted Business at tho the New Ner York clearing house W was g quieter today than at nt an any time since tho the financial disturb disturbance ance began 1 Aside ide fro from 1 the daily session of of nho bl lo loo loan rl committee t to examine ine collateral offered of of- offered b by banks to meet t their thit balances there was practically nothing to bo be done The Din cle cleaning out of loans at tho stock exchange through renewed offerings s of stocks on OD the market AX where here there thero was no adequate demand to meet the supply caused prices to crumble awn away awny nt at heavy hewy sacrifices for tho the s sellers Canadian Pacific Pacific Pa Pa- decline reached f 9 po Pennsylvania's Pennsylvania's Pennsyl Pennsyl- vania's mias nearly 5 5 Union Pacific 4 St. St Paul 3 3 Great Northern preferred 3 3 Missouri Pacific 2 y Western U Union 2 j 4 American Smelting 2 ti and a largo large Continued on Pa Page Pago e 0 G. I 1 GOLD FROM I ABROAD Continued from ironi Page Pac 1 I number of stocks between 1 and 2 ii points Large Credit Abroad Great assistance In tho financial financial finan finan- cial stringency Is expected to result from the large engagements of gold for tor Import made yesterday and from the further large Imports which it Is la believed belle will in willbe willbo bo be made mado within the next f few days ns Tho The movement mo of American crops to European markets together with the revival of or a demand for copper abroad will give tho United States largo credits with foreign bankers and these can be availed of or In bringing In gold Jold It Is b believed cd to tho the fullest full tun- est eat extent that thal may bo Le no ne It was nan announced today at several of ot the banks bank which were compelled to suspend suspend sus sus- us- us pend last week have havo about perfected their plans to reopen for Cor business President Montgomery Montgomer of ot the tho Hamilton bank a n Harlem Institution which closed last week cok said Bald today This bank will resume business In a afew afew few tew days not later lator than Monday Monda next In Inan an any event I understood also that the Twelfth Ward bank will resume In a few tow days os o.'s Scare Is About Over The runs rita on era tho the Trust Company Compan of ot America and the tho Lincoln Trust com company pan continued today but in diminished volume volume vol vol- ume The Tho announcement of or the tho Increase of or orthe the rate of ot discount b by the tho Imperial bank of ot Germany from 6 5 61 to G 6 CJ per cent was of or somewhat unfavorable unta effect on the London stock market as an indicating that there will be no expansion of oC credit at present for tor speculative purposes NotwithstandIng Notwithstanding Notwithstanding Not Not- withstanding this however American se securities securities se- se In London held firm Tho The only noteworthy weak future in London was Canadian Pacific which declined 2 Amalgamated Copper advanced J i Ana- Ana ronda onda li U. Atchison g. g St. St Paul 1 H Illinois Central 1 11 and Northern Pacific li l. Union Pacific was unchanged U. U S. S Steel common common cornmon com corn mon was Be Bc c lower and United States Ste Steel 1 preferred 1 I hl higher her On Vall Wall Street Operations were much restricted when business began at the stock exchange to toda today today to- to da day but tho the tone was Irregular prices moving contrariwise in different parts of tho the lI lit Hat t. t Tho The market became quite weak in tho the course of or tho the first hour owing to unsettling unsettling unset unset- Influences of ot a 5 51 break In Canadian n Pacific In which there was evidence of forced liquidation The copper stocks formed Conned a point of ot resistance Amalgamated Amalgamated Amalga Amalga- mated copper rising 1 11 H Anaconda 2 Granby Mining 5 and American Smelting preferred a point Northern Pacific and Pacific Mall Mail also rose The treasury sub today transferred for tor banks in currency to San Francisco Francisco Fran Iran cisco and to New cw Orleans Tho The first loan of ot money on call can on the tho stock exchange today was made at 60 50 per cent |