The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1897-02-06

timore Evening news, ana Associaten ffese Dls
patches.
There has been panic among the
building and loan association stockholders
Of Knoxville, Tennessee, during the past
MONTE and six of the ten institutions in
that city have gone into receivers hands.
The havoc has been wrought chiefly
through decision Of the Supreme Court
of the State requiring that money loaned
should be bid off
A receiver has been appointed Tor the
Home Book Company. Of New York city
liabilities, SIS. 000.
The Mingo Mountain Coal and Coke
Company, Of Cumberland Gap, Tennessee,
has been put in the hands Of receivers at
the request of the Bank Of Cumberland
Gap.
The Duhme Company, extensive jewel
lers. of Cincinnati, Ohio, has obtained an
extension Of two years from ito creditors.
a bill in equity has been brought by
Commissioner Merritt against the Eastern
Mutual Life Insurance Company of Boston
in the Suffolk Supreme Court. 1t asked
that receiver be appointed to wind up
the company affairs.
Sykes Bros, lumber manufacturers and
general store keepers at Newtonburg
Clearfeld county, Pa, have confessed
Judgment for so, 900
James r. Hawkins, proprietor of the Il.
Z. Hawkins Iron Work $, bridge builders,
Springfield, Mass, has made voluntary
petition in Insolvency.
The Watauga Bank of johnson City,
Tenn, has closed its doors.
The Baltimore Sun, January 30, says :
Hambleton Circular Of January 30 calls
attention to substantial benefits derived by
the public from the defeat Of Mr. Bryan 3
prosramme-benefts which some Of his
supporters ignore. They are often heard
asking. Where is that promised prosper
typ The general answer is that it was
great thing to escape the Reputation,
revolution and enormous losses that would
have resulted from Mr.. Bryan success
Compared with the situation that his sue
cess would have produced, the present sit
uation is one of splendid prosperity But
Hambleton' makes specific answer.
.Since the election. confidence has been
restored, the tens of millions Of dollars
which were boarded and withheld from
circulation have been restored to the chan
nels of trade, money from being unob-
tainable at any price is now a drug, md
my one ,cho has security n the siqpe u
colidterals IT credit can obtttiH dHthe capi-
tai desired and required. Investors no
longer fear to employ their money in the
purchase of securities or in the carrying
out of enterprises and industries. The
improvement in values has been most
marked and the demand for investments
securities is greater than the supply. n
is true that general tacie has nat reaiized
tie improvement anticipated and that rail
s0od earnings are not satisfactory. We
feel quite certain that conditions favorable
to trade will soon prevail and that manu-
facturers and merchants will have their
hands full of business. Besides the vast
evils avoided certain definite benefits have
been obtained by the country.
Dun & Co. Weekly Trade Review, on
Saturday, January 30, said
january has been month Of disappoint-
ment, but of real gain Nearly everybody
had promised himself a land Of milk and
honey after New Year S, aud the slow
progress looks like standing still to men in
such state of mind. Moreover, there
are multitudes throughout the country who
have been taking large ventures in advance
of or apart from their regular business be-
cause they expected rise in prices. But
prices fail as yet to bring them profit.
Wheat has declined, cotton has scarcely
risen enough to pay brokerage, wool holds
steady in spite of enormous buying, wooden
goods hardly change in price, iron and its
products decline, leather is sluggish, hides
are lower, the average of railroad stocks is
slightly lower than it was December B and
the advance in trust stocks has been small.
Yet during the past week the record shows |
that ten iron works have started and only
two have stopped, thirteen wooden works |
have started and nine more are about ready
to start, while three have stopped Sim
liar things are seen in other industries and
the additional establishments are not start
ing without some increase in orders re-
ceived.
The decline in wheat was over cents
in spite of an official report Of yield far be
low estimates generally accepted. This |
reflects the influence on enormous exports
of corr instead of wheat, so, 600, 900 (
bushels in seven months When two
bushels of corn can be had for less than
one bushel of wheat it is largely preferred /
in European markets, and in january Z.
$50, 127 bushels of corn have gone abroad
from Atlantic ports, against 5,306, 249
last year, while Atlantic exports of wheat |
and -four have been G. 535, l54 bushels, /
against S,403, 765 last year As the
great crop Of corn prevents much advance
in its price, its outgo effects the demand
For wheat, with the price of corn scarcely |
changing Cotton looks less attractive to
DtCduSC ahuCIiNstIl daO
boring over plans to reduce a great surplus
If goods and prices Of many have declined.
Takings of Northern spinners have heen
n Eve months "A, 900 bales less than last
gear and 423. 900 bales less than in 1894
md 1885
At the factory of the Wallingford, Con
leeticut, Wheel and Cycle Bar Company,
which has been running eight hours day,
las been given notice of a cut in wages to
AXE effect February l. The cut varies
from 10 to 20 per cent.
a receiver was appointed in Chicago on
Saturday for the Dime Savings Bank, the
Directors conserving TO the order The
deposits and other liabilities amount to
1865, 900, and the cash in hand 1928,
300. 1t is claimed by the bank officials
hat the depositors will be paid in full
The Standard Eagle Box and Lumber
Company, of st. Louis, has been placed
n the hands of receiver; liabilities over
800, 900.
Toledo (0hio) Traction Company has
,educed the WAGES of their emDlOyes q |