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CONDITIONS NEARLY NORMAL. Many National Banks Are Adopting Suggestions to Take Out Additional Circulation. Treasury Officials Agreeably Surprised -Bankers Seem to Think it Will Have Good Effect. New York, Oct. 31.-The restoring of public confidence is indicated by the diminished interest taken in the financlal situation, which tries to readjust Itself to a normal basis. The gold engagements were increased today by 1,500 000, bringing the total up to $23,750,000. The Bank of England's increased rate to 5% was fully expected and was better than expected as the advance was 6 per cent when the Bank of England protected its gold stock against withdrawals from the United States. The stock market fluctuations did not differ materiallly from those of ordinary times. The market in general was very strong. Several of the banking institutions which have experienced difficulty held meetings during the day and readjusted their affairs and resumed business, an a few runs which have been going on amounted to nothin The first prices of stocks showed a tendency towards a reaction at some points from yesterday's buoyant closing Some stocks showed sharp advances but the volume of transactions was small. Hocking Valley preferred sold at a decline of 15 points from the price of the preceding sale three weeks ago. Delaware & Lackawanna and Western sold at 400 a recovery of yesterday's 30 point decline. National Bisult was up 2. National Lead prreferred and Toledo, St Louis & Western 1½ and Reading, Manhattan and Distillers' Securities 1 Prices moved towards recovery at the first few minutes and the opening declines were mostly wiped out in the course of the first half hour's operation. Canadian Pacific rose 114 over last night Unit ed States Pipe preferred sold at a decline of 3½. Call money was offered for loans at 40 per cent on the stock exchange at 10:40 a m but found no borrowers. WILL TAKE BUT CURRENCY. Washington, Oct 31.-Treasury officials are agreeably surprised at the number of banks throughout the country which have already indicated their purpose to comply with the suggestion of the comptroller of the currency that additional currency be taken out Although the suggestion was made only yesterday afternoon a large number of telegrams were received at the department as early as 9 o'clock this morning asking for additional circulation varying in amounts from a few thousand dollars to $2,000,000. George E. Roberts, former director of the mint and now president of the Commercial National Bank of Chicago, is here and has engaged $2,000,000 additional circulation for his bank Sol Wexler vice president of the Whitney Central National bank of New Orleans, is also here and is making arrangements to materially increase his holdings Other prominent bankers through Washington representatives, are arranging to deposit the necessary securities preparatory to taking out national bank notes to the limit of their capital stock. The comptroller now has in his vaults national bank curreney to the amount of $167 000,000 and while a considerable portion of this belongs to banks that have already reached their limit under the law a very large sum is available for bank. that carry only a comparatively small amount when compared with their capital. One large New York bank could under the law it is said. take out $10,000 000 additional circulation and in all probability will soon ask for a material increase Mr Ridgely today expressed the opinion that within the next 10 days the outstanding circulation of banks will have been increased from 000 000 to $30,000.000 or more There are indications that New York banks which have no United States bonds on hand to de posit as security for circulation. are borrowing from other banks that have a surplus on hand or have already reached their limit In many instances these requests for accommodations of this character are being complied with and there seems to be a general inclination among banks to assist one another in the effort to materially increase the amount of bank circulation PLAN WILL HELP. Chicago, Oct. 31 Speaking of the plan of Comptroller Ridgely to in crease the bank note circulation. Prest John J. Mitchell of the Illin is Trust & Savings bank of this city aid "There is no doubt that it will have is substantial effect and will relieve the situation very materially At sume time however the stress of the inneial dtuation is today nothing 11 mapris in with what it has been he people have largely recovered from their slight hysteries and the situation is brighter in every way I have no idea how much the increase 1 exculation will be in this city, but will be several millions Prest George M Reynolds of the Continental National bank said "The plan will be a very great help if the banks will avail themse OR of it. In my opinion it will greatly relieve the situation. There 18 no tellIng at present how much the Chicago banks would increase their circulation, but probably in the neighborhood of three millions Busin 88 condit ns are steadily improving, an the general situation is much more tav rabl now that at the opening of the week ST. LOUIS APPROVES. St. Louis. Oct. 81.-Concerning the statement Issued by Comstroller Ridg 1y with regard to a plan for the immediate Increase or national bank note circulation, several expressions were ors. made this morning by St. Louis banks J.J McCleaney, vice president of the State National bank said: all think IL is very good scheme, and
