Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1907-11-15
-.sAcasSba
Gun & Co., After Canvass
of 60 Cities, Report
Conditions.
MOST PAYING In CASH
ROOt Authorizes Denial of the
Story That France Asked for
Tariff Concessions. "a

New York. Nov. l5.-ComparativeIv
sound conditions in commercial ami
manufacturing interests are indicated
by special report to Dun e Co. from
so or more leading cities of the coun-
try. Conservatism in accommodating
stocks is reported i'll most cases AMI
there are many in which working
hours are being reduced and men laid
OFF. As rule however. reduction in
production is taken rather as a mea-
sure of precaution than because Of
greatly diminished orders
In all New England cities adequate
currency is reported to meet pay
rolls and to carry on business. a.
though banks are not making many
new loans. The check system has
been introduced in a few cases in
New York and Pennsylvania
Conditions in the west are favor:l-
bic. Factories are operating on full
time or nearly so at points like Fort
Wayne. Grand Rapids. Saginaw.
Quincy. Lacrosse. st. Paul. Minnean-
oils, Cedar Rapids. Dubuque and S.
dalia.
some hedUce output.
Some reductions in output and num-
Der of men employed are reported
from Detroit. Milwaukee and Davea-
port. Clearing house checks are in
use at Milwaukee in small denomina-
tions and cashiers checks at Daven-
port, while at Cedar Rapids the cur
rency supply is increasing and ter.-
porary certificates are TO be taken ~.
Collections are generally reported
good throughout the west. although
at some points they are delayed by
the conservative policy of the banks.
and the scarcity of currency
Very favorable reports are received
from many southern points. The syS-
TEN Of clearing house certificates is
mostly in use in Georgia 1t is not :
BILE that from nearly ali points fa.-
ures are reported to be only normal
in number and collections are better
than would be indicated by the string
ent conditions of the money market.
Root Enters Denial.
Washington. Nov Is Secretary
Root has requested denial to be made
of the story that the French govern
ment proposed TO secure tariff conces-
sions from the United States through
Intervention of New York bankers as
a price for the release of gold from
the Bank of France.
Gold Engaged Now s87 100000.
New York, Nov. 15.-Engagements
OF gold from abroad passed the $67.-
100000 mark today
Oil Pays Usual.
New York, Nov. 15.-Directors of
the Standard Oil declared a quarterly
dividend OF so a share on the capital
stock today
Had Fortune Left.
New York, Nov. 15.-That Charles
I. Barney. financier and society man
who killed himself yesterday was by
no means financially ruined appears
to be proved by statements as to his
business affairs. which We're made pub
| lie following his tragic death.
Seek for Other Cause.
The cause of self destruction i,
therefore believed to have been some
| thing deeper than the money loss
which came in the financial crash III
| which Barney and so many others
were involved Friends and business
associates of the dead banker VINO
were working for weeks attempting 40
settle his business affairs. said even IT
the present low level of prices and So.
curties and titles the property held by
Barney viii exceed his obligations bv
two and half million.
Gricvcd Over Blot on Career.
1t is largely TO his inability to en-
dure the blot upon his business repT-
tation which he feared would result
from the suspension of the Knicker-
booker Trust company and grief over
the knowledge that many of his friends
were carried to ruin in the collapse of
his enterprise that friends attribute
his act