Article Text
Largest Institution of the Kind in the City in Danger. NOTICE IS DEMANDED Depositors Allowed but Part of Their Cash Gold is Purchased in London. Chicago, Oct. 28.-Within an hour after the opening of the doors fully 400 people lined up at the withdrawal windows of the Illinois Trust & Savings bank, which has the largest number of savings accounts in the city. Depositors were allowed. if tney wished, to take out sums under $100, but for all amounts over, the full legal notice is required. The majority of those in the bank during the early part of the day gave notice of their intention to withdraw money. There was no excitement. Many Give Notice. In the Hibernian Savings bank about a hundred people had given notice of withdrawal by 11 o'clock and as many more were waiting in line. At the other savings banks business appeared to be on a normal basis. Depositors having checking accounts did not appear woried in the least by the situation, and business proceeded upon normal lines in all banks. Cortelyou Hears Good Reports. Washington, Oct. 28.-Secretary Corstated very telyou reassuring today reports he had from received New York, Chicago and other points, and that everywhere confidence was being restored and conditions much improved. Kansas City Bank Closes. Kansas City, Oct. 28.-The Bankers' Trust company, with deposits of $800,000, closed Hughes said they this had morning. decided to Cashier close temporarily because of clearing house certificates, Buying Bar Gold Abroad. London, Oct. 28.-The United States secured all the bar gold offered today in the market, totalling nearly $5,000.000. The price was $19.50. This is 2 1/2 cents higher than previous quotations, indicating the keenest of competition. Both Paris and London bid against the United States. Keep Money Out of Stock Market. New York, Oct. 28.-Any disposition to secure money obligations for the purpose of operating in the stock market was frowned upon and business kept at a low ebb. The delay in the appearance of supplies of money there caused no anxiety, as intimations were given loans would be carried over another day and money would be supplied when needed most. Prices continued to show an advance. Affects Grain Prices. Chicago, Oct. 28.-The financial condition in New York and the action of local banks in deciding to issue clearing house certificates and to demand full legal notice on the withdrawal of time deposits, caused a weak market 10 all the grain pits today. Wheat de clined 4 cents, corn 1 cent, and oats 11/6. Selling was in quite large vol time, but the demand slack. Buyers were extremely reluctant to take hold Duluth Board Suspends. Duluth, Oct. 28.-Trading in grain was suspended on the board of trade this morning owing to money condi tions. No sales were made in either cash grain or options, although the trading room was open and members were on the floor. Business will no be resumed until conditions improve Country elevators are being advised not to buy grain. Cashier Suicides. Akron, Ohio, Oct. 28.-The Dolla Savings bank was closed today by 01 der of the directors until after the fu neral of Fred A. Boron, cashier, who committed suicide yesterday. In th meantime an investigation of Boron' accounts is going on and a movemen is on foot to have the other banks C the city take this institution over. Th 60-day limit has been ordered enforce on all savings accounts in all banks.