Jasper County Democrat, Volume 3, Number 26, Rensselaer, Jasper County, 6 October 1900 — COMMERCIAL AND FINANCIAL [ARTICLE+ILLUSTRATION]

COMMERCIAL AND FINANCIAL

New York—Owing To the strike in th« anthracite regions and the nearer approach of the presidential election the business situation lately has been marked by some irregularity. General business conditions have had little to do with the docline recently seen in the stock market. It is generally conceded that the break in values was almost entirely due to special influences. Few people have faith in any sustained upward market movement at the present time. It is good opinion, however, that conditions are shaping themselves for a decided advance later. the market has actually turned few will see it. The public will not recognize it, and even the “talent” will, in ail probability, at first resist the adva'nce. > Chicago—Comparatively heavy receipts of wheat continue to <nst doubt on the claim of this season’s production being to any material extent smaller than that of the previous year. Owing to the prevalence of that impression, short sellers of wheat have been on the increase and buyers in an inverse ratio, with the natural consequence of a gradually declining market during the week. Evidence of the rate of receipts as an indication of the comparative size of the crop was not invariably in the one direction, but a general suggestion of plentifulness was their net result* hence a loss of 2t£c a bushel in the price of wheat since the Saturday preceding. Speculative business was of larger volume than the recent average, and the frequency of the fluctuations and their not immaterial extent made a market that proved attractive to such of the experts as were able to anticipate its many variations. Corn commanded considerable attention. For a day or two it looked as if the September delivery had become so conge.-ted that a veritable corner of nobody’s planning must result. There proved, however, to be enough corn for sale in the pit to avert the threatened squeese. Provisions displayed a good deal of strength and considerable activity, due to the small stocks and continuing excellence of the demand for consumption.