Democratic Sentinel, Volume 11, Number 20, Rensselaer, Jasper County, 17 June 1887 — THE CONTINENT AT LARGE. [ARTICLE]

THE CONTINENT AT LARGE.

The Youngstown (Ohio) jury in the murder tnal of Ebenezer Stanyard, for the killing of Alice Hancox on March 4, came in with a verdict of guilty in the first degree. The plea of the defense was insanity. The June returns of the Department of Agriculture show a reduction of nearly 2 per cent in the area of ■winter wheat, and an increase of about 6 per cent in spring wheat The total wheat acreage is 37,000,000 acres. The general average condition of spring wheat is 87..3, and of winter wheat 84.9. The average condition of other leading crops is: Rye, 88.9; barley, 87: cotton, 86.9 A dependent pension bill, which has been drafted by a committee of the Grand Army of the Republic, is being submitted to the various “posts” of that body. If it receives the approval of the organization, of which there is little doubt, its passage will be urged upon the next Congress. It proposes a very comprehensive system of service pensions. The number of commercial failures for the week in the United States and Canada was 173, against 209 for tho same week last year. R. G. Dun & Co., in their weekly review of the trade outlook, say: But for labor contests and excessive speculation the outlook would be entirely satisfactory. Crop prospects and the financial situation have both improved during the last week. But the effect of important strikes is felt more seriously every week. How great a disturbance of trade and production may result from a single strike is forcibly illustrated by the returns of iron furnaces, the Iron Age making the weekly output June 1 about 37,675 tons, or 27 per cent, less than May 1, while Pittsburgh statistics forwarded by correspondents moke the decrease 36,653 tons. Either statement represents a remarkable decline in output—ranging from $600,000 to $700,000, in the value of the weekly production—and to this must be added the dearease in many important branches of manufacture which depend for material upon furnaces now idle. In spite ot the great decline in production, prices of iron have been weaker during the last week, heavy sales of Southern iron having been made in Eastern markets. Wheat speculations seem weaker, though prices, after rising to nearly $1 for No. 2 red, have not quite declined to last week’s level. Crop reports from all directions are favorable, and the accumulation of 2,800 cars about Chicago, still loaded, because wheat room is scarce in elevators, gives point to the observation that a great quantity of wheat seems to be left in the farmers’ hands. Money is reported in good supply at all points and collections everywhere are good or fair, with improvement in some localities. Southern reports show natural dullness in trade, but confidence in an early and prosperous fall business. From Northwestern points great activity is everywhere reported, with especial mention of the stimulating influence of rapid railway building. The Des Moines Grand Army Post has adopted resolutions declaring that the Grand Army never will, with the post’s consent, invite President Cleveland to attend a national encampment, and bitterly denouncing the President’s veto of the pension claims. Gen. W. T. Sherman has written a letter to Grand Army men in St. Louis expressing the belief that the Grand Army veterans will not so far forget themselves as to insult the President; expressing the hope that Mr. Cleveland will attend the parade in St. Louis next September, and declaring that he will, in that event, stand at the President’s side or march in the columns before him. The residence of James Edwards, near Winnipeg, was destroyed by fire, three of his children being burned to death.