People's Pilot, Volume 5, Number 49, Rensselaer, Jasper County, 11 June 1896 — THE TRADE REVIEW. [ARTICLE]

THE TRADE REVIEW.

Baiiotis Waits Action on Conventions. R. G. Dun & Co.’s weekly review of trade says: "It is highly suggestive that, with as little help as there is now from -new business, markets are so nearly maintained. Summer is close at hand, and with new crops promising well and old stocks large, it is no wonder that the farm products are cheap. The factories and mills are still waiting for the rush of business seen last year, and in spite of narrow orders at present are genarally holding on with much confidence. It is so late that gold exports no longer alarm, for the date of expected returns draws near. “The opinion gains ground that more active business is to be expected after the conventions have been held and the safety and the sufficiency of the crops have been assured. Low prices at this season affects farmers very little. “The decline in wheat and cotton has helped in marketing the surplus, so that exports have been more liberal. From the Atlantic ports there were 2,227,411 bushels of wheat for the week, flour included, against 1,555,308 bushels last year; while Western receipts—--2,006,475 bushels, against 1,726,457 bushels last year—increased much less than heretofore. Estimates entitled to most confidence point to a probable yield of 500,000,000 bushels of wheat, which, with the stock carried over, will carry away any danger of oppressive charges for breadstuffs, at the same time giving producers a fair return. ■paißinmnoDß sqoojs snouuouo qRM ‘pjOOOJ AAOJ M9U B S9JJBUI pjßf PUB —JBJ snq; JB9 A jsbi ÜBqj j9}B9j3 juao J9 d 01 oSBDjqo ;b—XAB9q Xj 9 a st }S9m aqj jB 9HJBD JO JU9UI9AOUI Oqj, ’9U|[D9p buios 9snßa Xiqßqcud pinoM ÜBoijgmy jo noijdmnsuoD s.pijoav mnuiixßm oqj Suip99ox9 piopf b SB ‘ssjj injnußq .£ub )U9A9Jd oj qSnous 9Sjbj 9q oj P[9lX JtBJ B XJUO qjJM UIBJJ99 SJ SdOJO jsßd raojj snidans sqj pub ‘siqBJOABj si J9qjB9AV 9qj JJ S9ieq 000‘000‘0I jo doao b 9}B9]puf ssuiJoqjnß jsaq aqj xq 9289JD8 uojioa sqj jo sajuranss 9qx„ “The hardest problem of the day is whether iron and steel prices can be maintained, as they have been during the past Week. .. The nail associations have failed thus far to win over competitors, who undersell them, and are able to manufacture 75,00 kegs, against every 100,000 by concerns in the combination. The bar association asks for iron more than the seeling price for steel bars. Naturally the doubt regarding the maintenance of prices greatly checks the demand for the but the belief that a much larger demand is certain and will not long be delayed, is the one thing which prevents considerable decline. “The textile manufacturers are waiting, with some cotton goods reduced still further in price, and ginghams to the lowest point even known, while no increase appears in the demand. Sales of wool still fall below half the quantity required for a full consumption and prices have further declined, the average of quotations by Coates & Bros, falling below 13 cents for the first time, making the fall 47.8 per cent in five years. Clay worsteds and mixtures, fancy cassimeres, and fancy worsteds are a shade lower, the average of representative prices being 28.4 per cent lower than in the spring of 1890, against 37.37 per cent a month ago. “Failures for the week were 234 in the United States against 195 last year and twenty-nine ifi Canada against twenty-five last year.” ALL SILVER IN ARIZONA. Territorial Convention Selects Deies;»tes to the Chicago Convention. The Arizona democratic territorial convention, which assembled at Phoenix Monday, adopted the following financial resolution: “We favor the immediate restoration of the free and unlimited coinage ol gold and silver at the present legal ratio of 16 to 1, as such coinage existed prior to 1873, without waiting for the aid or the consent of any other nations; such gold and silver to be a full legal tender for all debts, public and private. We are opposed to the retirement of he greenbacks, and demand that the secretary of the treasury, instead of issuing interest bearing bonds for the purchase of gold, shall recognize silver as the money of redemption and exercise the right to redeem greenbacks, the treasury notes and all other coin obligations in silver where silver is more convenient.” The delegates to the national convention were instructed to vote as a unit and to vote only for a free-coinage candidate for the nomination for president and vice-president. The platform demands the immediate admission of Arizona to statehood. A resolution pledging the Chicago delegates to was voted down.

What appears to have been a small cyclone wrecked Edward Minckler’s barn about six miles north of Oshkosh. Wiß., at about 4 o’clock Monday afternoon. The path of the cyClone was not at any time more than fifty or sixty feet wide.