The daily citizen. [volume] (Asheville, N.C.) 1889-1890, 1889-10-12
TRADE REVIEW.
DUN & co.'s REPORT OF THE
CONDITION OF BUSINESS,

CrOps are Larger and Business
Heavy-COmmerc Outlook Is
Favorable, but Money IL Close
Failures for the week.
NEW YORK. October 11.-R. &. Dun &
Cos review of trade for the week says:
The government crop report was very
encouraging, but the loss of gold by the
great foreign banks lover 81 100000 by
England, $4,OOO,OOO by Germany, and
$42O, 900 by France) was large enough
to increase the apprehension OF a none.
tarv pressure. Large shipments went
from London to Brazil and Egypt. These
two opposing influences ruled the mar
kets during the week. Crops are larger
and business heavy. and the commercial
outlook most favorable; but money is
comparatively close, and there is posi-
bility that it may be closer. The out,
ward movement of products is large, eX.
ports from New York for two weeks ex.
ceeding last years by 16.7 per cent,
while the increase in imports is but 3 per
cent. Large foreign investments of CAPT
tai in American industrial enterprises are
reported, and of late no considerable for
eign selling of securities. But the move
ment of money to the interior continues
large, the treasury alone forwarding
S525, 900 on Thursday. Reports do not
indicate increasing preSsurein the interior
money markets, though the demand is
active at all cities, reporting the supply
ut nearly ali as ample. There is more
confident feeling.
The treasury during the past week has
made considerable purchases of bonds.
and in all disbursed 81, 100000 more
than it has taken i'll The volume OF
trade is increasing at nearly all interior
points reporting, and this involves a
larger demand for money. Bulk clearings
last week were 21.2 per cent larger than
last year at New York, 2per cent smaller
at Boston, Philadelphia and Chicago, the
decrease being at Chicago, but IL per
cent. larger at all other cities taken to-
gether. This increase at points where
speculative activity has lost influence i'll
dicates greater volume of legitimate
business than has cver been recorded at
this season in any previous year; and
heavy railroad earnings, 10 per cent.
above last year for September, tells the
story.
The great industries are making prog
ress. Several more furnaces of large size
nave POIlC lIllO IJl6tSl SlllCC OSlODSI anu
the weekly output on that date was over
10000 tons, against 100000 tons a
year ago-an increase of +1.2 per cent. i'll
September and 1872 per cent. for the
year. In spite of this enormous produc-
tiOn, prices are not only sustained by
consumption but are slightly advanced
though Southern iron is sold here below
SIT for No. /, while $17.25 to $3.50 is
quoted for Northern. Bar iron is i'll bet
ter demand, structural and plate works
, are crowded, and sales of rails within ten
days have reached $4,000 tons, many
large companies having made their an
nual contracts for renewals of tracks.
Quotations at Eastern mills are $50 to
$12.
Business failures throughout the cOun.
try during the last week number for the
United States 1872, Canada 80; total,
214, against 2O6 last week.
A Careless Officer Discharged.
CHICAGO, October 11.-Officer Wilson.
from whom Carroll, the CrOnin witness,
escaped last week, was discharged from
the police force this morning. Carroll is
again in custody, having gone home and
remained there until re-arrested. There
was but a brief afternoon session of the
court At half past two O'Clock Judge
Mcconnell sent his bailitf to the State
attorney to inform that official that he
was waiting, but the bailiff brought back
amessage, which caused his honor at once
to leave the court room to repair to the
State attorneys Office. What took
place between them was not divulged,
but after an absence of about fifteen
minutes. Judge Mcconnell returned to
the court room, closely followed by the
States attorney. The Judge at once
took his seat on the bench and adjourned
the court until 1 o'clock tomorrow
evening, and the States attorney hastily
retired to his Office and held a consulta-
tion with chief of police Captain Schuet-
Ter, detective Collins and two strangers.