The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-06

Kansas Pure FoOS exposition at topeka
on January %, were allowed.
b. F. Winchell, of the Gulf; John Sc
bastian, of the Rock Island, and Frank
Wadleigh, Of the Rio Grande Western,
were appointed a committee on home
seekers business.
Mr.. Wadleigh brought up the question
Of the joint ticket offices of the Rock Is
land and the Rio Grande at Pueblo.
which virtually gives the Rock Island
two offices there, but Chairman Caldwell
was not called upon for aruling.
The subject of most importance tc
Colorado, that of Colorado tourist tick
cts. has not been brought up yet, and it
will be referred to a committee There
were several committees at work until
late tonight, as all the work must be dis
tee meeting, TO be held in st. Louis on
Thursday.
BANKS AT ST. PAUL.
St. Paul. Mimi, Jan. Sin banking
circles today it seems almost as if the
scare had done, with the blizzard, for
tie banks were much less worried by
Withdrawals. The banks that closed yes
tcrday were in charge of their clerical
fcltes, making UP the reports. Maurice
AUerba oh, as receiver, took the place of
Bark Examiner Keyton, in charge of the
hliemaria, his bond for $4,000 oaing
lied. this morning.
The reorganization committee Of the
stockholders Of the Bank of Minnesota.
had I: meeting with the heavier stock
holders to devise a raethod of re-org2G-
iZat.on.
Thirty dapositcrs OF the Union Stock
Yards bank al South St. Paul, are to
reet later in the week 10 consider the
SUBJECT OF reorganization, the receivers
report showing the bank 10 be in good
condition.
The January meeting OF the directors
of the Second National bank yesterday
declared a semi-annual dividend of Z per
cent This bank has 81 per cent Of its
deposits on hand in cash. The other ma
tional banks make similar showings. The
savings banks, for the protection of de-
posters, are still requiring the sixty
days notice for withdrawal of deposits,
and this. together with the strong show
ing of the otner banks, has had a quiet
ing effect upon the public
CALUMET BANK.
Chicago, Jan. "a bill for receiver
MAS filed in the circuit court today
against the Calumet State Bank of Blue
Island. which made an assignment in
the county court last week. The audi
tor asserts that the assignment was the
result of COLLISION among the officers of
the cancern and the assignee, NJ. c.
Fames, who is one Of the officers. As
sigEee Eames of the Calumet bank filed
a report today regarding the financial
affairs of that institution. il shows to-
tai assets of $99,S96, upon which. how
ever. ne places of value of s74 .329. The
total liabilities are placed at S70,640.
STEEL BILLET POOL.
l.,
Telegraph this afternoon says: The
special committee appointed TO collect
data and compile it for the use Of the
steel billet pool did not agree at the
meeting in New York yesterday and TO
date was fixed for a meeting of the pool!
As a result, the market, so far as steel
billets are concerned. Will remain open
until a meeting is held.
LUMBER TRUST BREAKS.
Seattle. Wash, Jan. 5.-The Central
Lumber company of California, the most
stupendous trust ever organized on the
Pacific coast, is a thing OF the past. 40
such combine was ever effected for the
control Of market on this coast. as it |
controlled every cargo mill on the coast |
but three. The projectors confidently |
that the demand in 1896 would
exceed that Of 1895, thought that price |
cutting would he impossible. But the |
demand did not come Up TO expectations, |
the proportion Of supply and demand be- |
ing four instead Of three 10 one. as COM !
pared with eighteen months ago. Thri
anticipation Of enhanced values prior 10 |
the formation OF the company. further |
more, caused the Qiling Of great stocks /
Of lumber IN san Francisco and other |
places.
Few purchased lumber from the mills. |
J.
andeaVor to get rid of the stock in the |
yards. Then the retailers and members
II the Central Lumber company ciashed 1
and the breach was never healed. The 1
first struggle for supremacy was due u !
small margins, large stocks and small /
profits. took place in Los Angeles at
barely cost IN San Francisco.
During this period the mill men in |
Washington. Oregon and British Column
aia. could not understand why orders
we're not coming in. and why their divi-
lends were 50 small. At the same time
me mill in British Columbia. four in
" Washington and four IN Oregon. not
Of the company. started into
he cargo trade and cut the prices 50 |
,ents- u s. per 900 feet. and while they
we're running overtime, the Central
Lumber cornpany's mills were idle or
'Unnllg only part time. The smaller. mill
men. being compelled 20 operate Their
3iantS in order 10 meet obligations. fr-
lily broke their agreement with the com
,any.