Rensselaer Semi-Weekly Republican, Volume 19, Number 50, Rensselaer, Jasper County, 25 February 1898 — IN GENERAL. [ARTICLE]

IN GENERAL.

The standing committee of the diocese of Delaware has refused to consent to the consecration of Archdeacon Brown as bishop of Arkansas. The proposed consolidation of sewer pipe manufacturers in Ohio, West Virginia and Pennsylvania, with a capital of $11,000,000, has been declared off. A return presented to the Canadian parliament gives the amount of gold taken out of the Yukon from 188(5 to 1897, inclusive, us over $4,000,000. In 1897 the amount was $2,500,000. Vice-Chancellor Stevenson of Jersey City has decided in effect that union labels designated to indicate fair-made goods art? not privileged trade-marks and may be copied with impunity by anybody. The report of the loss of the Klondike steamer Clara Nevada, with all on board, is confirmed by the news brought by the Canadian Pacific Railway steamer Islander. There-, were forty persons—passengers and crew—on board. It is now predicted that the price of wheat will pass far beyond the dollar mark. Leiter lias already disposed of 3,500,000 bushels of his wheat at figures ranging from $1.15 to $1.17 a bushel, nearly 20 cents above the quoted price of the May option. There is little wheat in farmer’s hands and from all foreign ports come reports of decreased Btocks and increased demands for the grain. Chicago correspondents say that neither Leiter nor G. B. French,, his manager, will discuss the operations of the syndicate, but it is known that favorable freight rates have been arranged. Reports from the Argentine indicate that but little wheat remains for export, much of it having been ruined by the continued rains. R. G. Dun & Co.’s weekly review of trade says: “Business is pushing toward spring activity rather early. Events which lmve controlled are good buying of iron by the largest makers, the rise in cotton with strength in goods,, the great railway consolidation and the Cuban insurrection. The latter, with its possibilities, operates as a brake on speculation. The .output of pig iron Feb. 1 was 229,823 tons weekly, the largest in the history of the.business. The Illinois Steel Company has'contracted for 1,000,000 tons Bessemer ore, and producers of other ranges qount upon an ndvance in price. Bessenuw pig rose to $10.15, and gray forge to $9 at Pittsburg, with finished products geuernlly stronger nnd in larger demand than ever at this season. Jnnuary was one of the biggest months in Counellsville coke output—o23,975 tons. The rise in cotton, 5-lGc for the week, results in part from better prospects for manufacture here and abroad, but only in part. The actual movement shows no change of consequence, but prices of goods have a stronger tone, and foreign prospects are better. Wool sales at the chief cities were only 5,093,200 pounds for the week. Prices are still strong. The opening of works idle for years, in spite of the heavy production already assured, is a striking feature in this as in the iron and other industries, and implies heavier demands sos products thnn are now met by the unprecedented output. Failures for the week have been 295 lu the United States, against 207 last year, amj 43 in Canada, against 01 last year.”