Jasper County Democrat, Volume 4, Number 17, Rensselaer, Jasper County, 3 August 1901 — IN GENERAL [ARTICLE]

IN GENERAL

A corporation having for its ultimate object the control of the bread industry in the larger cities has been granted a charter at Trenton, N. J. Secretary Long has named Admiral Dewey and Rear Admirals Kimberley and Benham, retired, as the members of the Schley court of inquiry. J. Pierpont Morgan has ended the steel strike by arranging mutual concessions. The result of the giant struggle between capital and labor is regarded as a draw. The grain States had their praybr for rain answered the other night and the threatened destruction of corn, wheat, and other cereals has been partly stopped. Dr. J. N. Hurley, secretary of the Indiana State Board of Health, declared that the bubonic plague, which has already made its appearance in New York and San Francisco, will sweep the entire middle West. The President has issued his proclamation establishing free trade between Porto Rico and the United States and declaring the organization of a civil government for the island. The proclamation is purely formal. Miss Alice Nielsen, according to the Ixmdon Daily Express, is going into grand opera. As a result of Lady de Grey's interest she signed a contract with It. Russell providing for her first appearance in “Romeo and Juliet” and “Faust.” Fire destroyed twenty-nine houses and one convent at La Prairie, near Montreal. The blaze broke out in a frame cottage and quickly spread to others. The most important structure burned was the convent of the Congregation of Notre Dame. The loss is about SIOO,OOO. During the next two years the White Pass & Yukon railway is to be extended 200 miles, from White Horse to Fort Selkirk, on the Dawson. It will obviate the necessity of steamers passing through the dangerous Five Finger rapids, where strong steel cables are now in use lining them up and down. The cost of the extension will exceed $3,000,000. “A fortnight of the steel strike has passed without materially altering the position of the contestants or adversely affecting the industry as a whole. Exceptional activity is noticed at the mills not affected by the strike and the movement of structural material for bridges, buildings and track elevation is still heavy. Steel bars for agricultural implement makers are firm in price and freely purchased. Railways seek freight cars, and rails are sold for delivery next January. Cotton ties, sheets and hoops are commanding a premium. Pig iron is accumulating. but producers offer no concessions. Offers for tin plates were not accepted for delivery before Oct. 1, when the strike began, owing to the oversold condition of mills, and distant contracts are still taken at unchanged prices, but jobbers are receiving high prices for goods deliverable immediately. Tin has fallen to the quotations prevailing in May, owing to the lack of demand here and weakness in London,” according to R. G. Dun & Co.'s review of trade. “Failures for the week numbered 198 in the United States, against 231 last year, and 28 in Canada, against 28 last year.”