Democratic Sentinel, Volume 11, Number 51, Rensselaer, Jasper County, 13 January 1888 — THE WORLD AT LARGE. [ARTICLE]

THE WORLD AT LARGE.

R. G. Dun & Co., ot New York, in their last weekly trade review, say: The first week of the new year ha 3 not been one of great activity, but shows some reactions in most markets. The year opens with fewer failures than anticipated and with a fair business for the season at all points reporting. The money market generally is easier. Next to the iron industry, which hesitates, woolen manufacture soems to have the most uncertainty. Raw material declined about 1 cent in December and 2 to 3 cents since July, though coarse wool yields the least, and the largest decline has been in fine fleece. Estimates of the clip vary widely. Colton manufactures are exceptionally prosperous. The window-glass business is prosperous, with an advance of fifty per cent, iu prices last year. The foreign trade continues large. But for the miners’ strike and threats by cotton-spinners the outlook would be more favorable than for many weeks. Business failures lor the week numbered for the United States 256, for Canada 21; total 279, compared with 263 the preceding week, and 299 the correspodding week last year. A Winnipeg special reports that two freight-trains on the Canadian Pacific Road collided on the north shore of Lake Superior. The engineers and firemen of both trains were killed outright and a number of others injured. According to Sir Charles Tupper, the Canadian Minister of Finance, who passed through Chicago, the people of Canada f .vor a free interchange of the natural products cf both countries, but are satisfied with their government and are not disposed to consider any plan of annexation to the United States.

A Win nip eg special reports that two heavy freight trains on the Canadian Pacific Bailroad, while going twenty miles sn hour, met on a high trestle bridge over Mink Biver. The bridge broke and one engine and eighteen cars were thrown to the bottom of a gorge eighty feet below. Three men were killed outright One of the victims was covered with timbers and wheat His awful struggles to free himself could be seen, but it was seven hours before he was pulled out, and by that time he was frozen so badly that he died soon afterward The loss is $150,000.