The Bessemer indicator., 1893-07-29
OPINIONS OF FINANCE.
Business afen with Varying Opinions IN TO
the Causes of the Sra-eitf of Money.

the Causes of the sca-.itf of Money.
ST. LOUIS, July 2l.-A daily paper
Which has already made Itself repu-
tation for TIE Wholesale interviewing
turned loose cofrs IF reporters the
other day with a view to getting the
opinions OF the busir.ass men OF 81.
Louis az tk the cause of the financial
depression. In only one detail was
there much unnnimity = opinion.
Most of those interviewed SAID that
there was very much less stringency
sh&h generally reported and that there
was no failing Sff in their business
returns at all commeh5cirate with the
pessimistic utterances of public men
seversl representative business houhss
reported slight increase in receipts
for June. over jan" of 1899, and very
few spoke of any failing off. The
general opinion was that tht -orst
had been seen and that money would
aorn hecome plentiful in the market.
The viewE on She silver question are
very diverse, although of the gent
men interviewed quite n majort.s ridj-
culed free silver as punacca for tinans
eial ills.
Right on the heels of these sanguine
expfcssiPtis coues the report of the re-
corder of deeds showing an increase of
over ESQ, 900 in the consideration money
IN real estate deals recorded last week
as compared with the second or Indeed
any week in July Of 1899. The figures
are quite surprise, but afford much
statifcation in real estate circles
Work on .h- large buildings in the
city continues rapidly and neither the
building nor the real estate interests
are depressed, as they should bt If
financial experts are correct IN their
Summaries Of the situation generally.
There was h great nensation on Sat
urdaT 7shen il was reported that ths
secretary of FIVE large building asso-
Citations and real estate operator on
q large scale had been detected In rr,-
bezzlement If not forgery, and that he
had skipped the town. The latter por-
ton of the report was premature, as
he spent the following day at his own
home. What the final outcome will
be OF the Numerous investigations now
being had into his accounts and bust
hess methods is not known, but il has
transpirtd Tint he has been borrowing
money for sou.s time at high
rate of interest from the tame shylock
whose eXorbitant rates OF inter
est expedited the ruin and suicide of
the late assistant city treasurer. The
scandal In question has done good
rather than otiicrwisr. Tor ~ has led
tJa series OF luqulrIen being made
which has resulted in proving the
eolidity and strength of The numerous
building associations of the city.
The street car returns for the second
quarter of 1898 show the great popU.
larity OF electric reads. The total
number of passengers carried in the
city during the three mon this was a6f-
ls6,745, with receipts in excess of
s1,0C0,000. The quarterly totals are
increasing rap d y and are now almost
as large as were the annual returns in
the old days of horse cars, The Mis-
souri, or Olive street road carried more
than 1000 900 passengers, and every
road with a down town terminus car
ried more than million.
1t is Announced semi-ofliciallv that
the new Union depot will be finally
finished this coming winter. About
400 men are now working on the struct-
ure which appears to be nearly COM
pleted. The bulk of the work now to
be done is in the approaches and the
track and switch laying, together
with inside finishing of the depot
buildings proper, Work on the roof
of the sheds with their enormous span
is very difficult in the hot sun, but
fortunately great progress was made
on this during the spring and the i'm
mense area and even acreage of glass
is we'll nirh complete