Freeland tribune. (Freeland, Pa.) 1888-1921, 1894-02-15
BUSINESS.
New York Banks Disposed to Work
on Their Bonds

the banks which have subscribed o the
BOND issue are disposed to gradually
work out of their holdings, and to this
end they are inviting the attention of
their country correspondents to the ut
tractiveness of the investment. As sew
eral of the banks which do n large busi-
ness with country institutions have re-
Gently reduced the rates of interest al
lowed on balances it is thought that a
good demand viii come from the coun-
try as soon rs the bonds are delivered.
In addition to disposing o. the bonds tn,
local banks will succeed in lowerine the
excessive balances of their correspond.
ents without reducing their cash hold 4
inEs. Money is by no means as cheap all
over the country as it is in New York,
and the country banks will find it profit
able to take cut circulation against the
bonds. The dealings in the new bonds
are scarcely active as yet and quotations
Tor them are uncertain As a rule they
are quoted fractionly above the upset
price of issue. The dealings, of course
nre in the treasury's receipts which carry
B per cent. interest. The heads OF yreat
financial institutions report that never in
their experience has business been dull as
Mt the present time. They cannot loqn
their money at profitable rntes and even
the transfer OF nearly $50 00O,000 from
their vaults to the treasury rs 50 far
failed to induce sitter interest rates.
Bradstreet reports thatl thers were
forty odd assumptions of important
industrial establishments last week
contrasted with announcements of
the shutting down of only six similarc n
Germs. An easier wool market at hoae.
emphasized by weaker market at /. IL
autrh ha 30, finn e,f,, 4 4. Al.
bing movement in dry goods AMONGST
leading houses at eastern centres. which
report the volume of trade for Jauuarv
fair, Notwithstanding sales were In small
lots. favorable surprise is in results Vt
the public sale of home and foreign silks
ut New ork, prices paid, instead of re-
Hulting in loss, as predicted, furnishing
a lair margin of profit, AMI pointing %
the Willingness of dealers to replenjsh
stocks in advance of immediate denand4
There is Il gain also in movements Of
men swear woolens from eastern centres
and the increased demand for steel bill
lets at P.ttsburg and at Chicago Ia
such that prices are nearly If not quite
81 ton niger and more than 10000 tons
OF steel have been -ntractei for De-
mand for rods, wire and nails has in
creased as well, and some mills have re-
80 - oi,ttrS az current prices'
,,.,asai l., ~ i,on nave p'sh IN
avn, -. r. 80. "a SoOu "eul ol east
ia, ,,,,ti,,a,ili,, - 60 "e9'' rs uSe De-
Chica,,o ri. i'''n" anu Du.uth'
local demands, and the interest there on
country bank balances has been reduced
to l-2 per cent. Bank clearings
amount to SSSS, 100000 as reported from a
cities throughout the country, an increa 90
INIT y. daoro,s, ~, ,,,,,,eaill ..,.ns "evN'
,veak Insr ,,a., ,f az ,,ar irii m, 1he -
cotee n distinc+ ir,rro,.o,o. - ii'''l-
t,oeted ,,ith Gov ,,an;ee "Hsn S"n-
,vosl,s, toto1s ,,,itL fI'a9o'H'' " llseeG.ug
woke 1ast yeaY '''''s i'i oi'eSl'ohuins
m, ara v,er, e2e f,it,,ro :;
Stotea l,st vi, - "a .ns ni'eu
oo2 in tle Vol, a -, o' " - 'eiore'
pgo md oGo tl,,oo ,,,,,r'S - nv sS"'s
ment of over $40 ono ooo i,+, ~ ~
treasury NV the h,nl,s l., -. 81
bonds has No efiact o,, tho -,
which is oversu nnlieJ md da,.nii - ~,
tive denands silver ha,, f,iIt,
course of tbe T,ondon r,nr1,at az si'o
of bars falling to G3c the Io,aat Yse go. 80
on record
Improyement is noted in so,,,a ,.o,,.,,
merchandise lines at Roston hnt otL.'
lack life Credits nra bain,r a,..o.I.1
moderately. At PhiIodelnbia tbera = 80 w
gain in the wool market and ,voola,, III
continue on restricted time Drv ,,noIs
are more sluggish but there il a., ~,
provement in demand for iron. Baltimora
reuorts the trade fo,. Jan,,ar1, on -. -,
less than last year and current demand
"p W eN Npeos'Viou tI gu, ilnuo-to-hou'h
i,,an,ia,,.1;aa - 'ne f'tle IN general
l,I,i,ila fa,, - "a l, put m
WhalaaaI. iion '.A'' p,, nave increased
,,'a,,,Fat, ll..S q. Dun"'o are quiet put
,ybicb ,.es,Iits i, r,a,o hnee,, "quiTles' s''
mo yoi,,,,fa of is isTiing'
I,,t saIoa a,a =, oiiIota a. Yeidilu,
thara is no oba,,S,a a,,o',t ~.
',;'G
is siil,ht i,,,,raasa j., t,la;I, neie
yilIa nartin,,la,lr T., iaaf - az i-ouiS-
Of With ara sotisfaotor,. ~ st''''
bi,,bo,, Tbere 10 sIiarh+ i,,, CIV ptioeS
iness ,+ Tndiananoiis 7,otoiI,i a. L,ai,,; - ous-
rnate,iala d,,, 1,pods ana -. - ''i',lis Ing
r,odarota bnsiness ia y" "'.iT Onty
,yith tba ovoentio of ,ei' az 'e'toi''
-