Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1888-12-20
BUSINESS BRIGHT.
The Supply Of Money is Large,
Ready for the Heavy Dis
bursements.
The Bank Clearings Indicate q Big
Volume Of Business, Both Past
and Present.
The Bears We're in Full Control Of the
Chicago Markets and Cereals We're
Lowered Sharply.

The Bears Were IN Full CONTROL OF the
Chicago Markets and Cereals We're
Lowered Sharply.
NEW YoRK. Dec. 15.-R. G. Dun & Co.'s
weekly review of trade states: s'The
supply of money in all parts of the country
is so large and the disbursements of Janu-
airy SO near at hand, that there is an un-
usual feeling of confidence. Business con-
tinues to improve in nearly all sections,
and though it does not meet the expecta-
tions Of the most sanguine, there is every
indication that it is greater in volume
than that OF a year ago. The bank clear
ings for the first week in December, though
they reflect to a noteworthy ex' emit trans
actions Of q month ago, on which pay
ments are now maturing, exceed those OF
last year by IL per cent. which implies q
large volume of present as we'll as Of past
business. The gains outside of New
York are remarkably large and uniform,
including even Southern sections, in which
there has been the most depression. Re-
ports from Memphis still indicate that
collections are hard to make and business
shows no Improvement, the cotton returns
for Arkansas and Mississippi being uu-
favorable. Throughout the Northwest inn
provement is felt, except at a few points
where wild speculation and over trading
last year did mischief. More seasonable
weather helps the dry goods and clothing
trades at the West, and in hardware some
disposition to purchase in expectation of
higher prices is noticed at Cleveland. CUT
ting OF rail rates demoralizes business at
Denver and doubtless embarrasses at many
other points. but the general tenor of re-
ports is decidedly favorable.
''The iron output December illustr ates
the prevailing confidence and at the same
time the danger of over-confidence.
Furnaces in blast were of the capacity of
las, 913 tons weekly, according to the New
York report, and 139, 1872 tons according to
the Pitts burgh report. Taking the former
as maximum and the latter as mini
mum in either case, the increase in Nov.
ember was about 5000 tons and production
is either little larger or a little smaller
than the largest ever attained-about
November 1. 1887. The tone of the market
Is naturally weaker, though prices of pig
are unchanged Bar is irregular and the
Generalization in manufactured steel is
striking, while in rails late contracts are
said to have been at $2L5O with Eastern
and $26.5O with Pittsburgh mills.
"In other great branches of industry no
change OF Importance occurs. The volume
OF production is on the whole increasing
and the state Of the markets appears to
justify some increase. The comparative
inactivity OF speculative markets helps
legitimate trade to adjust prices to new
conditions. The general average for all
commodities is about per cent. lower
than week ago and slightly below the
level OF November I. In the stock marke
there has been hesitation, without pro-
nounced movement either way, though
che average price is SO cents on $1CO
better than week Tho
poets of q settlement of the railroa d
quarrels at the West do not brighte n,
and the desired peace seems to
be again deferred by cutting in passenger
rates. 1t is remarkable on the whole that
with such disheartening controversies and
with continuing sales ON foreign account,
the market has been SO we'll sustained.
CHICAGO MARKETS..
CHICAGO, Dec. 1.-THE bears were tho
victors in speculative markets YESTERDAY.
md. the close found every thing, wheat.
corn, oats and provisions, sharply lower
than the previous day. Most of the big
traders when they took hand at all were
on the bull side of wheat. Foreign
markets were firm and primary market
receipts light, yet the bearish crowd ham,
mered the market and caused a decline
OF one cent from the opening. The
only thing which favored them was
the report of a heavy shipment of
gold from New New York and they made
good use of it. Ream, Kenneth, Baxter
and Boyd were fair buyers, and Hutch's
brokers picked up good deal during the
day. Mitchell and Smith & Co. sold
some, and later in the day Roche and Lind.
blom offered freely. The opening was
steady at SILK, and prices soon adj
vanced to $1.11ss, then declined one-half
cent and then held most of the morning
in the neighborhood Of Sill. The most
marked fuctuation of the day was in the
last hour, when prices declined about a
cent and closed at II. 1014-the low point of
the day.
Corn opened about steady, but under
heavy offerings declined one-fourth cent.
Then there were good buying orders, but
sellers, notably among them Schwartz,
Baxter and Raymond, pounded it all the
more, and another one-fourth cent was
lost. January closed five-eighths cent and
May one-half cent below yesterday.
Oats declined three Gig hths cent in SYM
pathy with corn and under heavy selling
by Baldwin and Farnum. When prices
had reached % cents there were good tuy-
ing orders, which checked the decline, and
the close was at 295s cents, one-fourth cent
lower than yesterday.
There was q moderate activity in the
provision pit, with prices of all the hog
products irregularly lower at the close.
January pork opened at $3.50, cents
higher than yesterdays close, but this was
the high point and prices slumped all dav
to $i3.3o late in the day and closed at
$13.371. May showed about the same
range, opened at S1397h, advancing 2k
cents, declining 27s cents and closed at
$l3 10. Lard opened steady, but was
pounded down mainly by Wells, and both
the June and May options closed at the
low point and 121s cents below yesterday.
Ribs were moderately active, opening at
the top and closing at the low point-12x
cents under yesterday.
WIN Contest Forman's Seat.
WASHINGTON. DAG. 14-Mr Eorrn. ..