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FINANCIAL AND INDUSTRIAL The reduction of working hours of Union Pacific shopmen is to be followed with a reduction of working days from six to five a week. The Omaha + World-Herald quotes Vice President Mohler as charging the reduction to "President Roosevelt's mania for 'reform'' and indicating that his company would work with a reduced force so long as the president's activity against corporations continues. Comptroller of the Currency Ridgely has ordered the National Bank of North America of New York city closed for liquidation and appointed Charles Hanna, national bank examiner, as receiver. The bank had deposits of over $19,000,000 on Aug. 22 last, but heavy withdrawals reduced this sum to about $6,000,000 on Dec. 3, the date of the last report. The Traders and Mechanics' bank of Pittsburg, a state institution, has been closed by the state bank examiners. The Treasury Trust company, a subsidiary, occupying the same building, also closed, but voluntarily, it is said. Because of a falling off in street car travel, due to business depression, the Philadelphia Rapid Transit company has withdrawn 100 cars from service and within the next few days will take off twenty-five to forty more. Figures prepared for one of the large railroad companies show that there are 320,000 idle freight cars in the United States and about 8,000 locomotives laid up because of the falling off in traffic. Dispatches to Dun's Trade Review indicate that trade increases gradually, but progress is still slow. The financial improvement is still the best feature of the situation. The State Bank of St. Paul and the Citizens' Saving bank of St. Paul have closed their doors. It is believed depositors will be paid in full. The Capitol State Bank of Idaho at Boise has suspended. The bank had deposits of $1,076,722.
