Jasper County Democrat, Volume 2, Number 2, Rensselaer, Jasper County, 22 April 1899 — IN GENERAL. [ARTICLE]

IN GENERAL.

Stove manufacturers decided to advance prices 10 per cent on all kinds of stoves all over the country. At Chatham. N. 8., four persons were burned to death in a fire at the Northumberland County almshouse. Negotiations are said to be iu progress for a combination of the watch movement and watch case companies of the United States. Prince, the murderer of Actor Terriss, has written to Sir Henry Irving from his prison asylum that he will kill him as soon as he is released. W. 8. Stratton has sold his famous Cripple Creek mine, the Independence, to the V enture Company of London. The price is believed to be not less than $2,000,000. An order for 32,000 military rifles of light power has-been placed by the Mexican Government in New York. This order is the largest one placed in this country by a foreign power in the last twentyfive years. One of the big guns from the Spanish warship Oquendo has been secured for Cincinnati, and one from Morro Castle, Santiago, for Hillsboro, Ohio, the native city of Senator Foraker. It is proposed to bring these guns by special train from Norfolk, Va.. and have demonstrations along the route. Passengers on the steamer City of Rio de Janeiro, from Honolulu, state that recently the bottom of the great volcano fell ont. followed by great clouds of dust and smoke. Some alarm was felt by the guests of the Volcano House, but some of the guests became reassured and started to investigate the phenomenon. A hole 150 feet in diameter showed the extent of the eave-in. All attempts to locate the bottom of the crater were unavailing. Ex-Postmaster General John Wanamaker has become interested in a scheme for the treatment of low-grade ore, which, if successful, will double the world's gold output. The Wanamaker syndicate, which recently purchased five claims for SIO,OOO, has reached the camp, fifteen miles from Colorado Springs, with machinery for a mill of 100 tons daily capacity. The managers are confident of success on $1.50 ore. The lowest grade ever successfully treated there is $3 a ton, the lowest price being $2.50 treatment charges. R. G. Dun & Co.’s weekly review of trade says: “There is still increase in all legitimate business and the productive power of great industries increases even though some of their stocks decline. The sharp reaction in speculation a week ago in no way affected the producing capacity of furnaces or mills and has been in part recovered, while the disturbance of business caused by the formation of great combinations has in large measure ceased. The money market is in safer and more wholesome condition, and in spite of four heavy payments by large syndicates, amounting to about $50,000,000, has grown easier. The only stringency has been in call loans. It is not owing to speculation alone that payments through the chief clearing houses have been 80 per cent larger than in the same week of 1892, and 103.3 per cent larger than last year. New York transactions far exceed those of any previous week, $1,468,502,709 in amount, but outside New York the clearings were 41.5 per cent larger than in 1888. and 44.6 per cent larger than in 1892. The truth is that no such expansion in the general business of the country has ever been seen before. Failures for the week have been 188 in the United States, against 254 last year, and 22 in Canada, against 18 last year.”