| Show is NOW OWING PAU INTO THE PANIS runs on treasure vaults have cally ceased and only oni y troublesome feature is tendency toward blockade of c exchange Ex chang new aorl runs on the bankland banks bank sand and trust companies are practically over money which was temporarily with drawn from banks subject to runs is flowing to the stronger banks and cur rency is being provided in most cases where the demand for it Is consi considered deed legitimate further engagements ol 01 gold by boston and other points have brought up fie total engagements abroad under the recent movement to 26 balances with the clearing house have settled down to a normal condi tion but there Is still something of a blockade of domestic exchange through the unwillingness ol 01 new lorb lork banks to pay currency on drafts from other cities and the unwilling ness of other cities to pay out their currency upon drafts from new york the condition of affairs indicates a continued press ire tor for currency rather than a breakdown of cred prod ts but rea demands are being met for regular customers of the banks the possibility of hastening the export movement of wheat and cotton still engages the attention of foreign ex change dealers and also of those who endeavor to keep in touch with the general situation doubt is expressed whether the sec see rotary of the treasury will be able to carry out on any considerable scafe the project of the ther new orleans export ers for accepting cash at government fiscal agencies abroad and transfer ring it by telegraph to points in this country but secretary cortelyou Is said to be willing to make such depos its of public money at cotton export ing points as will to a considerable ex tent relieve the strain |
