The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-12-14
FINANCIAL AND COMMERCIAL.


,,., ,.rao ~ 60, roi,,. ;n "a ,,anv
- cd "a, ,oli,n ~, tho fo-,,.
,a,o Cd o,,,roroo,,. L,,,.ors ,.bo had
-. .,.. -, a. ,.,,o,.,o,, ,,,.
.l, . =, =. ...oI I'll, L,o,,.,.
.,.,a,. a,.,r,ao, ,,o, AZ, ,,,o,-
u,', =, -. -. D., 40 ooo 900
r., a.. ..,I,,,,. h,,.;,,n 4, cborro
81, -, It,, -, go
80, -, - ,,,, ,.,,,;il;,o.
-, =. r. al ,o,d-
-, -, a., ., a., ,,or ,,,, bo,as
49, .,r.,,r hoI,i,cs r,,s
r.u.,I a.. 49,, ,,,r ,L,, ,osauI,, ore,
-, ,t, - c,,. go, tho .,,rS;c,.a
tt, Ia ,s.,os,or,. ,,l thu, {, eoucral
~ LII 90 so-o,1,J s,,r,iic,,o rocui-o-
-. 49,. ,ho -,,,,,o,. ,ro,rc, hcrorc tho
-, 80 ~ ,-o,r ,,,s NO, ve, oy.r Tho
-, .,,.o,,o,. ,.bo, I, a,-oorol was
ro.,or oo,,r,.ss The casb hold nv the
harls decreased a. 20, 700. or almos. ex-
,o,,, tho s,,oun. cxnec,ed Loans de-
,ro,.o1 o,,. q, 90, ,oo and tho total loens %
be,Ls r.,,o,n oynr a. ono ooo in excess ~
90. a.,os,,s vb,l.,bis condition ~ affairs
e1is.s tho financial situation AZ this centre
canno, ha said 70 he other than one of
strain Ar tho Same time the SURPLUS
,eservos q, IN. associated institutions are
a. ass 900 ,bove IN. lecaI minimum and arc
,ors;Jarollv mora than the reserves held
q, ,h,s date in previous wears Tie con-
di.ion OF the banks l. undoubtedly better
than IL shown ~ to-dav's statement. for.
under the average system Of making up
the statement the heavy LIQUIDATION in
the stock market on Thursday and Friday
Nss not fully shown The banks lost
,ardar only s,nN po0 10 the Sub Treasury, as
against $40 no last Saturday. which. so
far as n indicates a lcssaning Of the aNsorD-
,ion of money into the Treasury, is gratifv-
ing; on the other hand. diverse opinions are
expressed a. 70 whether the large gain
made bv the arks during the week on
transactions with the Interior of the country
actually represents the beginning of 'he
return movement Of currency from the
Agricultural sections MANY Observers hold
that the money sent here was merely at
trac,ed NV the high rates prevailing for the
Use Of money on call and on time
Imports 81 merchandise 81 the week
were sil al, o1O, nearly the same a. last
week and Inst wear. The statement Of our
exports Of cotton, breadstufrs. 40 for
November Is not OK arating showing
a decrease ~ si5lsi or as compared with
Noycmbcr Of last wear For the eleven
months ~ tho calendar venr 10 date these
e1ports hive decreased $50 a?o SIS
Not n little stir was caused to-day bv
Mr.. James J. Hills rather remarkable
statement In Chica 90 last night that manu-
featuring industries throughout the country
aro now In n state q over production. and
that the summit Of good times had arrived
A. these views are quito different from
those expressed by Nr Hill in private
conversation here, and would be surprising
under any circumstances from n man in his
position. his friends and the Street gem
orally were strongly Inclined to haliave
.hs- ne had been rn,so,roted or that his
remarks had been exaggerated
The feature Of the weekly reviews Of the
commercial agencies published to-day IL
their eloquent testimony IA To the stimulus
OF retail business throughout the country ~
the colder weather. Before the present
week the seasorable distribution Of rner-
chan dise had Jagged decidedly Two very
urpleasart tncide, IL Of tho last few DAYS
hoye hear however, the developmcrts cor
ca-,Ing the Consolidated Lake Superior
o,d tha American Grass Twine companies.
TIC directors Of both of these cor Germs,
L,,ipc declared their usual quarterly divi-
de,as suddenly resrinded their action, ard
u, flo case of the former company passed
ho divid.rd entirely. Tie American Grass
,ru.i,o officials concluded 10 reduce u cir
,G,.idard from ~ per cent 10 !. Of pcr
CON, T,,. Consolidated Lake Superior stock
q dao,, w. only IN philad,lphia ard il is now
nd,,;ttad TINT the company il in need Of
,,o,oy and could hive TO borrow the funds
,or its dividerd psvment If the original
,,nrros. ~ making The rsyncr, had boon
rarr,ed ont Both the Co. .oli,iated Lake
s,,n.rior common and prcfe,, ed shares Lave
fallar ma, vilv On tho PHILADELPHIA Eychar 90
a,d ,ha largo e,t,nt ~ the one-o ito, = of ne
1,orn,,,y n, Il those Of its chief promoter.
Az Ero,cisU Clarp,ie hardly seem 10 bpya
i,nan ro,l;,ed in tl,is civ n. Grass Irvine
oo,noration has been well thought Of IN
,oa,,v GOOD ouarters es TIA directors COM
,,r.o mon ~ p stioral renu,ation as finoncers
I'D q 60 Generally supnosed that the com.
,onv,vos Jo;, q GOOD and growing business
a. sn.oo,i,ed form ~ mn, ufacturinp
,r,o,o tho direc.ors Of tho Consolidated
Ia Srrsr;o~ Comnanv are also man
Who's, reputation for wealth and sagacity