Rensselaer Semi-Weekly Republican, Volume 21, Number 26, Rensselaer, Jasper County, 22 December 1899 — ?ECLINE IN STOCKS. [ARTICLE]

?ECLINE IN STOCKS.

■USTRY and speculation IT DIVERGE. ■■Kb Returns of Earnings and Tmf■jb Are Larue, Stock in Concerns Are Htoreased -Wheat Yield of the United Kites for 1809. ■KG. Dun & Co.'s weekly review of ■e says: “Unusual depression in stocks has displayed the great diverKfce between the trading and the proKpve industries of the country and its IKjglation. Never has production been the number of hands employed Ker, the wages distributed higher, or Repurchasing power, based upon earn- ■, greater than at this time, and nevconditions of trade or returns of and traffic given certainty of Kjter business for transporters. Yet H&e earnings of the railway and mancompanies mount upward Bfestocks decline as if it were disasKga for a road to double its earnings ■Pruinous for a mill to realize unpreHwited profits. Inflated capitalization ■of course done much harm and speeBdve excitement has counted profits in ■ay cases long before they were earned, markets here and abroad have ■n strained by British reverses in ■th Africa. In spite of an advance of ■Scents in prices cotton exports in No■ber decreased $13,020,926 in value, ■Banting to only 710,351 bales, against ■8.126 last year. Wool did not ad■ee further, though sales scarcely di■fah and have been 22,075,000 pounds Rwo weeks at the three chief markets, ■lures for the week were 218 in the ■ted States, against 261 last year, and ■k Canada, against 21 last year.” | FATAL COLLISION IN OHIO. ■feenger Train Crashes Into a Switch ■ Engine at Cleveland. ■ [(Cleveland, Akron and Columbus train collided with a switch ■hienear the State insane asylum at ■reland, killing two men and fatally Kring another. Both engines were ■rd from the rails aad landed bottom ■* the ditches, one on each side of the Bjek. The coupling pin behind the pasRfeer engine's tender broke and none ■Hie passenger coaches left the track, ■she cab of the switch engine were the ■ineer, A. G. Sherman; the fireman. Ehlers, and the conductor, Harry Rnltz. They were crushed under the Kder and terribly scalded by escaping ■m. One of Sherman’s legs were ■feed. Both of Ehler’s legs were cut ■B These men died later at St. Alexis’ ■ntal. The engineer of the passenger ■n, George Carson, applied the sand ■ air brakes when he saw the danger Rr jumped, breaking one of his arms. ■ William A. Moore, also ■ped, but escaped with a few bruises. ■kited states wheat crop. Rpartment of Agriculture Provides IRptatiatic* of Acreage and Yield. Rhe statistician of the Department of Kriculture reports the wheat crop of the ■ted States for 1N99 at 547,300,000 ■iels. or 12.3 bushels an acre. The Reaction of winte' vhrat is placed at ■,700,000 buahe. that of spring Kat at 255.600.000 bushels. Every im■ant wheat-growing State has been ■ted by special agents of the departKt, and the changes in acreage are the ■alt of their investigations. The newRneded area of winter wheat is esti■ed at 30,150,000 acres, which is about ROOO acres greater than that sown in Rjjfall of 1898. The average of condi ■ is 97.1. ■suicide verdict is upset. ■and Jury Declares a Man Found ■l. Dead in Jail Was Murdered. ■t Litchfield, Minn. John Doughs , iy, ■ties Brost, Philip Rowe, Casper and William Kickbush have Rn: indicted for the murder of a man Rthe name of Miller in the Eden ValRjail. Miller had eloped with Schmidt’s Re and was found and locked up. The Rnd jury has discovered that a mob Rke into the jail, choked him to death ■ left his body hanging in his cell. ■ coroner’s jury had returned a ver- ■ that Miller committed suicide. B Killed with a Coffee Cup. Rfrilliam Morganrath died at Dayton. RB, from the effects of a blow on the Rd with a coffee cup, delivered by J. ■ones. The young men were in a resRrant talking and joking, when Mor ■rath got the laugh on Jones, which Rered him. Jones grabbed up the eofKcup and threw it at Morganrath. fra< - Rug his skull. ■ i? African Wool Is Needed. Rhe war in South Africa is affecting Rfirool manufacturers of New England, ■hnents of Cape wool are due in Bos- ■ k and there is no prospect of their ■|ving, and if British campaigning ■ll last for sixty days in the Trans■l'. indications point to a sudden rise in at 10 to 15 per cent. B i Dewey’s Flag Officer Dies. ■jent. Thomas M. Brumby, Admiral ■way’s flag lieutenant while the admiral ■pin Command of the Asiatic station. ■ of typhoid fever at the Garfield hos ■|<in Washington. K Er ..School Building Burned. ■be completely destroyed the school ■sex building of St. Michael's orphan ■Ron on Pius street. Pittsburg. Loss ■Kp, insurance $50,000. E | Killed at a Crossing. KK’Marfa, Texas, a freight train ran B a hack at East Crossing. The hack ■joined Mrs. Lacey Duncan, Mrs. John ■|jp,and Mrs. William Coalson. Mrs. Rhr Duncan and Mrs. Krupp were llßni against the engine and instantly Knew South Wales Wheat Area. fciaS&ffieial estimates of the wheat |& the colony of New South Wales acres, with a probable yield KkJOJOO bushels; available surplus K, sv, • Mk . '.a-**--''

WAVE TAKES 5,000 LIVES. Awful Scene* Following an Earth* quake on the Island of Ceram. By the steamer China come the first details of the appalling disaster caused by a tidal wave which swept over Ceram, one of the Molucca islands, between Borneo and New Guinea. Mail advices show that 5,000 persons were killed on Ceram alone, when the dreadful earthquakes of November visited the coast of Japan and agitated the lands adjacent to that empire. In the night the people of Ceram were awakened by a terrific earthquake that seemed to move from north to south. All fled from their houses and took up places in public squares. A few hours later the water rose in the bay of Ambonia. The tidal wave followed. At Pauholy and Samasoeroa, on the bay, the wave swept over the tops of trees thirty feet high. When the wave subsided corpses were everywhere. Broken trees and portions of houses were buried. Every few rods were great heaps of stones and bowlders that had been washed up from the sea, changing the entire topography of the country. The exact number of killed along the coast will never be known, as the bodies are buried in many cases yards under new ground. LAKE SHIPPING WAS HEAVY. Navigation Season Which Closed the Other Day Broke the Record. A memorable year for the lake shipping trade ended the other day when the navigation season formally came to a close. Not only have profits to vessel owners been unprecedented, but there is every promise that the next season will be just as profitable to the lake trade. A feature of the season was the number of changes in ownership of lake craft. Corporate interests have stepped in and succeeded the individual vessel owner. So many have been the purchases of boats of all descriptions by the large industrial firms identified with the lake trade that in a few more seasons all the lake vessels will be under the control of the large corporations, according to marine authorities. The enormous demand for iron ore was the main cause of the lake boom. All through June, July, August, September and October the steady upgrade continued. One of the results of the demand for lake vessels to carry ore was the successful competition of railways for the grain trade. JEALOUS MAN SLAYS HIS WIFE. Attempts to End His Own Life, but Is Saved by Neighbor*. Theodore Nelson, aged 60 years, shot and killed his wife, aged 28 years, at Wheeler, Mich., and then tried to kill himself, but failed. Nelson lived on a farm at Lafayette last spring and later rented the farm to David Goddard of Wheeler. Goddard took charge of .the farm, Nelson and his wife living there. Goddard, who is 35 yars old, became attentive to Mrs. Nelson. Nelson had a talk with his wife and wanted her to go to St. Louis, Mich., and live with him. She at' first agreed, but later declined. Nelson then shot her. He turned the revolver on himself, but it failed to discharge a second cullet and neighbors seized him. GIRLS ARE PUBLICLY WHIPPED. Wyoming Town, Excited Over the Action of School Teacher. For more than six weeks Casper, Wyo., has been excited over a public whipping administered to girls of the high school by Prof. Bowlden, late of Los Angeles, Cal. The citizens signed petitions to the board asking for the professor's discharge. and many threats to ride the schoolmaster out of town on a rail were made. The school board, however, upheld the schoolmaster. This severe rebuke to the girls may yet result in bloodshed. Must Make Good the Bank’s Loss. The jury in the case of the board of directors of the American National Bank vs. N. L. Michael, Vice President, and G. Kalb, Cashier, to recover SIB,OOO, of which the bank was robbed last Christmas, returned a verdict for the full amount, with interest. Negligence was charged in not seeing that the safety appliances provided by the bank were used. Dismisses Insurance Cases. The Ohio Supreme Court dismissed the eleven cases brought by Attorney General Monnett against as many fire-insur-ance companies on the ground that the evidence did not support the averments of the petitions. Mr. Monnett sued under the anti-trust law, alleging that the defendants were in a combine to fix rates. Louis F. Menage Goes Free. Louis F. Menage, the fugitive president of the defunct Northwestern Guaranty Loan Company of Minneapolis, who returned voluntarily from his hiding place in Mexico a few months ago, after five years’ absence, has been made a free man, all the indictments being quashed on the grounds that there was no chance of conviction. Two Killed by Gas Explosion. Near Victoria, B. C., by the explosion of gas in the Cumberland mines two men were killed and a number wounded. The gas was released from an unknown feeder through the subsidence of the roof and was ignited by a torch carried by the miners. Trust in Fruit Jara Coming. As soon ns certain patent suits now pending upon fruit jar glass blowing machines are disposed of a trust of fruit jar manufacturers will be formed, so it is said upon reliable authority, and the Ball Brothers’ plant of Muncie, Ind., will be the principal member of the trust. Buys a House in New York. William H. Moore, the promoter of Chicago, has bought No. 4 East 54th street. New York, a five-story and basement dwelling, with a front of light stone, on a plot 36 feet front by 100 feet deep. He paid $325,000 for the property to W. E. D. Stokes. Kentucky Contests Assured. The Democratic State central and executive committee met at Lexington, Ky., and decided to make contests for all State offices recently awarded to Republicans by the State election board. Welling Mansion in Ashes. Fire totally destroyed the Welling mansion, at Fourteenth street and Welling place, Washington. The loss on the residence was $60,000 and on the content’s about $50,000. Taylor la Installed. William S. Taylor was installed as Governor at Frankfort, Ky. The crowd .was much smaller than in past years, Hne to the weather..