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

There has been panic among tn
building and loan association stockholder
of Knoxville. Tennessee, during the pas
month. and six of the ten institutions II
that city have gone into receivers hands
The havoc has been wrought chief,
through a decision Of the Supreme Cour
of the State requiring that money Loaned
should be bid off
\ receiver has been appointed for TIN
Home Book Company. Of New York city
liabilities, SO. 900.
The Mingo Mountain Coal and Coke
Company. Of Cumberland Gap, Tennessee
has been put in the hands Of receivers Al
the request of the Bank Of Cumberland
Gap.
The Duhme Company, extensive jewel
Iers. Of Cincinnati, Ohio. has obtained al
extension of two years from Its creditors.
\ 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 Il receiver be appointed to "lnd up
the company affairs.
Sykes Bros, lumber manufacturers anu
general store keepers at Newtonbur&;
11earGeld county, Pa. have confessed
Judgment for so, 600.
James r. Hawkins proprietor OF the L..
f, 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, Janaary 30, says
Hambleton Circular of JanuaIy 30 calls
attention to substantial benefits derived by
the public from the defeat of Mr.. Bryan :
morramme-benefits which some OF his
supporters ignore They are often heard
asking. Where is that promised prosper
itv?" The general answer is thar 1t was
Il great thing 10 escape the rcPudIa'rm
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 Il specific answer.
Since the election. confidence has been
restored the tens Of millions "f 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 Il drug, amt
ony ouc rho has >cc",itY III Hc >h"I" ~
coIi0te,uiS If credit ca" "dt"'" "HH" c''P'-
tai desired anil ng"iwd. investors n"
longer fear to employ their money Ill 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. Ii
* t,7,r that qcar,nI hr"ir has mt r""/t-""|
the improremcnt "Dtjcip"tcd o"t that r"7-
rood 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 a. Co. Weekly Trade Review, on
Saturday. january 80, SAID
January has been month of disappolnt
n.ent. but of real gain. Nearly everybody
had promised himself Il land Of milk and
honey after New Year ;, and the slow
progress looks like standing still to men III
such IA state of mind. Moreover. there
are multitudes throughout the country who
have been taking large ventures Ill advance
of or apart from their regular business be
cause they expected Il rise in prices. But
prices fail as vet 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 It's
products decline. leather is sluggish, hides
are lower. the average OF railroad stocks Is
slightly lower than it was December 81 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.
inc 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, OOt
bushels in seven months When tive
bushels of corn can be had for less thar
one bushel of wheat it is largely preferred
in European markets, and in January I.
S5g.l27 bushels of corn have gone abrOaC
from Atlantic ports, against 3,30G, ~
last year, while Atlantic exports OF whea
and -four have been &. 333. 10! bushels.
against 5, 403, 7G5 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 tt
traders because American millers are la
boring over plans to reduce great surplu:
of goods and prices Of many have declined
Taklngs OF Northern spInners nave heel
in five months A. 600 bales less than las
year and 1913. 600 bales less than in 1879
and 1895.
At the factory of the Wallingford, Con
neeticut Wheel and Cycle Bar Company
which has been running eight hours day
hae been given notice of a cut in wages t.
take effect February l. The cut varies
from 10 to 20 per cent
\ receiver was appointed in Chicago on
Saturday for the Dime Savings Bank, tho
Directors consenting to the order The
deposits and other liabilities amount tC
1865, 600 and the cash in hand 1928,
600 1t is claimed by the bank officials
that the depositors will be paid in full
The Standard Eagle Box and Lumbe
Company, of St. Louis, has been place.
in the hands of receiver; liabilities owe