Salt Lake Telegram | 1905-02-03 | Page 8 | Wall Street Flooded with Nothing but Money

WALL STREET FLOODED . : WITH NOTHING BUT MONEY Sudden Influx of Currency From the Interior Cities Puzzles Frenzied Financiers. ' - while others axe being rapidly- filled to the doors. The ability of the clerks to count the bills, which come In packages of 125,000 to $100,000, has been tested' to the utmost. ut-most. Some banks adopted the scheme of sending the bundles at once to the sub-treasury, where there are many experts ex-perts who do nothing but count money from morning until night. A few of the3e experts also have been loaned to a few of the largest Institutions. Various reasons are advanced by financiers to account for the unusually large flow of currency. - It la generally attributed to local trade and manufacturing manufac-turing conditions In various localities. NEW YORK. Feb. S. A flood of money from banks of the Interior cities baa swept down on the great financial Institutions of the Wall street district How to count the currency and where to store It have become, serious problems. prob-lems. The money began to come this way three weejtsago, as Is usual at this seasoVand for a time was taken care of In the regular way: but, during the past five or six days the receipts have exceeded all records and some banks were forced to take outside vault room.