Democratic Sentinel, Volume 11, Number 23, Rensselaer, Jasper County, 8 July 1887 — THE CONTINENT AT LARGE. [ARTICLE]

THE CONTINENT AT LARGE.

E A. Ford, General Passenger Agent of the Pennsylvania lines west of Pittsburg, says business is largely ahead of last year’s trade. He attributes it to the decrease in free riding. The advocates of cast steel as opposed to wrought steel “built-up” guns are to have an opportunity to sustain their claims. Tho Navy Department invites proposals for furnishing three stee’, cast, rough-bored and turned, sixinch, liigh-power, rifled cannon of domestio manufacture, one of Bessemer, one of open hearth, and one of crucible steel. The failures in the United States for the first half of 1887 are 4,912, against 5,156 for the same period in 1886, a decrease of 244 The liabilities show a slight increase. Canadian failures for first half of the present year, 781 ; same period 1886, 699. R. G. Lun & Co., in their weekly review of trade, say:

> ■ The week has been one of satlsactory business for the season, but of unusual disturbance in speculation. Licpiidation has reached the stock market. A week ago, even while this review was being written, sharp attacks began. The recovery was especially rapid; hut hesitation in prices this week, notwithstanding very favorable reports of earnings, indicates that the process ol liquidation may not in all directions have been completed. General reports are almost without exception satisfactory, t'ade being gooa for the time of the year, collections fair or better, and money in reasonable sup >ly at all interior points. The disasters at 1 h cn.go and Cincinnati seem to have li «1 little effect elsewhere.