Rensselaer Republican, Volume 18, Number 45, Rensselaer, Jasper County, 15 July 1886 — GENERAL. [ARTICLE]

GENERAL.

“The wool market continues to boom,” says a Chicago dispatch. “The latest news from the East is to the effect that dealers there are following in the lek<’ established for them by Chicago, and that the legitimate demand by manufacturers is supplemented by speculative purchases. The manufacturers are now buying a’ if satisfied that the higher prices have come to stay, and are insisting upon correspondingly higher figures for the product of their mills. London continues to send advices which favor

I a further improvement on this ride of the {Atlantic. Eastern buyers are reported to ; have gone out in force as ter West as Montana. where shearing is now in progreupn- ; tending to pick up the product as soon as it . is ready to ship awhy. I Dwight L. Moody has opened a sum* mer sAool for the sjtndyMihe Bible -Dr. Gatling will soon exhibit id Washington a gun specially devised for the suppression of riots. Its weight will be fifty pounds, and it will be capable of firing one : thousand shots per minute, The intention I is to place the weapon on police patrol wagons.. j£ '’. , j ( . The half-breeds now in the penitentiary for taking part in the uprising in Northwest Territory are to be pardoned. Business failures for the week number 179, against 157 the previous week. In its weekly summary of the business outldok, Bradstreet’s remarks: is a conspicuous absence of labor troubles throughout the country, and leading textile and metal industries are busily employed. Mercantile collections have notably improved at nearly all the distributing centers. The demand for fund’ is active at New Orleans and Boston, where money has been tight and interest rates higher, and fe fnereasing at Philadelphia and St. Louis. The supply exceeds the demand at Chicago and Kansas City.. But the visible signs of the reixrrted improvement are found in the hardening tendency in grain, pork, lard, wool, cotton, brown and bleached cottons, and print cloths. Iron and steel are firm, and, while not higher, are not likely to go lower. In fact, there is some gain to the toneof the market. Higher prices for wheat were based largely on reported damage to the spring wheat crop by drought. Chicago operators magnified i the damage, and, with others, unduly ad- ’ vonced quotations. Heavy reductions in stocks of wheat here and abroad and less favorable crop prospects abroad helped the advance. Corn sympathized. Oats were higher on poor crop prospects. Pork and lard nave lost some of their advance on sjieculative sales undercover of the advance in grain. Raw cotton is cent higher on better demand and unfavorable crop re]K>rtH In the South Atlantic States. Wool remains firm at previous advances, and manufacturers are buying more freely. Higher prices for new makes of brown and bleached shirtings and sheetings and for print cloths characterize the firm tone and confidence in the dry-goods trade,

Miguel Chacon, a Cuban negro, was hanged in New York for killing his paramour while trying to murder her husband. Sam Archer was also executed at Shoals, Ind., thus ending the career of the fifth of a gang of desperadoes who had been guilty of many crimes.... Fifty-five railroads earned during June $19,908,863, an increase over the name month in 1885 of $2,133,998. The Union Pacific is about to put an express train on to run from Omaha to San Francisco in sixty hours or less. (“The commission appointed to examine the claims of settlers on account of losses incurred through the Northwest rebellion will award about $670,000.