Jasper County Democrat, Volume 2, Number 32, Rensselaer, Jasper County, 18 November 1899 — Business Situation. [ARTICLE]

Business Situation.

The K«»» between speculative and commercial i iiuililinnn has been sharply drawn daring the week. In the one case there hfe been farther depressk» and hr fee • increased buoyancy, xhe stork markets have been quite seriously affected by a rise In the call money rates, aad the situation. so far as they are concerned. shows signs of becoming acute. Xu* only has there been liberal selling by the ptofeeskmal element for the decline. but daring fee latter part of the week considerable liquidation has taken fee apparent stringency in Wall and LaSalle streets, as refected in the rise in call money rates, the rate to commercial borrowers has shown little efcrage Time money continues in liberal supply at 6 per cent, and there is no com-, plaint on the iswrtofk^i^mte^sim'm feeling » that even in the case of the stock markets, fee present strain is one feat will shortly be relieved, hence there Is little aneasihese manifested aside from the purely speculative element. The trade outlook is still more encouraging. The railroads are getting mdre bareness than they can handle, and most of fee larger- roads have recently been compelled to place orders for a greatly Increased equipment. Bo insistent has been fee rash off business that steps have been taken to pat it* force a aew aad highrr freight rate schedule. In the case of general business the record of bonk clearings indicates a steadily rising tide of activity. Depression was the pervading characteristic of fee speculative market for wheat, hot wife ail the prevailing bearishness prices of futures did not at any time get more than H cent a bushel below fee lowest point of the previous Saturday. Steadily accumulating stocks, for which surplus over present requirements there is nothing bat a speculative demand. did much to dishearten holders of wheat bought at higher prices. Domestic receipts ary gradually diminishing and proasise before kmg to be reduced to a point that will necessitate purchases from fee stocks held on speculative account. Con maintained a firm front, and'gave no infieation of being much influenced by fee persistent efforts of some traders who. while holding bullish views regarding the ultimate coarse of prices and be- - log wifeont any stock, tried to talk price* down until they canid amend their position in the latter respect. Receipts were qnife moderate notwithstanding report* of increasing deliveries from farmers. Foreign«»—shows no abatement, theforeign exports far the week from all American ports amounting to 4,500,000