Jasper County Democrat, Volume 2, Number 6, Rensselaer, Jasper County, 20 May 1899 — IN GENERAL. [ARTICLE]

IN GENERAL.

Organization of the bicycle trust is reported to be complete. An unknown philanthropist has given the American board of foreign missions >IO.OOO. Fire at Fort Burwell, Ont., destroyed twenty-seven business places and hotels. Only one business house is left. Loss >60,000. Members of the crew of the British warship Comus, now at Halifax, are said to be deserting to enlist in the United States navy. The Standard Bank in Bowmanville, Ont., was robbed of >II,OOO, besides a large amount of money and a quantity of valuable papers left there for safe keeping. Ex-President Harrison has accepted the place of honorary president of the general committee of the ecumenical conference on foreign missions, to be held in New York in 1900. The Hondo coal mines, 100 miles south of Eagle Pass, in Mexico, were struck by a terrific cyclone, and the offices, depot and other buildings were wrecked. Eight persons are known to have perished. The Morgan-Vanderbilt combination is getting control of Ohio railroads. The Cleveland, Akron and Columbus has been sold to the Pennsylvania company and negotiations are under way for the control of the Cincinnati, Hamilton and Dayton. • R. G. Dun & Co.’s weekly review of trade says: “To speak truly of business this week, one must free the mind of stocks. For a severe decline in manufacturing stocks has created an impression that it has some relation to productive industry, but it has none. There was no change in the money market worth mentioning, and the volume of business shown by payments through the principal clearing houses was 71.5 per cent larger than in 1592, the year of greatest prosperity hitherto, which is more than double the gain anybody considered possible a year ago. Never before reaching 250,000 tons per week, the iron manufacture reports May 1 an output of 250,095 tons weekly. Greater than in any previous year by 9.8 per cent, the actual shipments of boots and shoes from the East reflect a heavy business, with a general advance in prices. Hides at Chicago advanced about 1 per cent. Cotton is a shade stronger. Prices of wool are said to have been generally advanced, with higher demands from the interior holders. Failures for the week have been 165 in the United States, against 246 last year, and 20 in Canada, against 24 last year.”