Jasper County Democrat, Volume 3, Number 17, Rensselaer, Jasper County, 4 August 1900 — COMMEPCIAL FINANCIAL [ARTICLE+ILLUSTRATION]

COMMEPCIAL FINANCIAL

New York—Trade reports are in the main more encouraging. Business, however. seems to lie confined largely to purchases of goods for quick delivery, and there is little evidence of any buying for future wants. A leading trade journal recently made a thorough canvass of the dry goods situation and found almost a general agreement among the jobbing houses that the season is undoubtedly backward. The conditions existing outside of tiie markets are, it is claimed, favorable to a good fall business. There lias been no important change in the speculative situation. Trading in stocks has been on a small scale, and the movement of prices confined, except in the case of a few specialties, to narrow limits. There is no demand for stocks, but on the other hand there is no pressure to sell. The prevailing opinion in trading circles is that on the basis of intrinsic values the better class of securities are worth all they are selling for now.

Chicago—Traide in speculative branches of the grain business during the week was governed chiefly by the prospects for tiie still unharvested crops. Fluctuations olw-yed for the most part the changing views of speculators, according as opinion veered from the acceptance of one and the rejection of another of the numerous estimates of crops of tills and other countries of the world that raise wheat or corn to nny considerable extent. Even the Nortbxwest varies from day to day in its estimate of its probable production from scant sufficiency for bread and seed witli in its own borders to a comparative!, generous yield of 149.909,000 bushel*. Only n rough approximation at best can be readied of either the home or foreign -production of wheat, nnd not thnt until much later in the season, so that more groping iu the dark will have to he submitted to for some time yet. Corn lost a little of its value ns it stood at the end of the previous week because of the almost ideal weather thnt has since then favored the growing crop, which is now conceded to promise ns large if not a larger yield than was ever before harvested.