Rensselaer Semi-Weekly Republican, Volume 22, Number 11, Rensselaer, Jasper County, 26 October 1900 — COMMERCIAL AND FINANCIAL [ARTICLE+ILLUSTRATION]

COMMERCIAL AND FINANCIAL

New York—Although rates for in one/ have shown little change this week, th# tone of the market has been somewbaßs easier and fears of a stringency seem t«| have died out. The indications are tha'|| the height of the demand for currency* for crop-moving purposes has been pawfl ed, and with gold flowing to New York! in large volume from both tho and Europe, the outlook appears favor**! ble for another period of easy moitey ■ before long. There has been some' dhi-i of loans on account of the rise” in rates, but it has been less than In for- - mer years, and the effect on the situation as a whole has been inconsequential. The stock market has shown a more eonfident feeling. Trading throughout the week has been active and there has been an important change in sentiment. Outsiders appear to be once more coming i into the market. There have been no new developments in the trade situation. Re-f ports indicate that a good volume of business is moving, although it appears ter be J mostly for immediate delivery, and therefore of a hand-to-inouth character. Chicago—Most of the commodities speculatively dealt in on the Board of Trade show declines since last week. Oats was an exception. Friday’s dosing price being a trifle higher; flaxseed is not included in the general statement, that article being governed by exceptional circumstances that have no connection with the grainy markets. The latter ruled extremely , strong, chiefly because of mnch of this ; season’s production having suffered sert- , ous deterioration in quality from the heavy rain that prevailed in*the Northwest after the grain was cut, thus diminishing flip supply of the speculative grade. Decline in price of wheat was not | due to any marked change in the generftjf; market surroundings but to the working out of previously existing conditions. Stocks in commercial hands kept increasing, and the rate of farmers’ dp-, liveries was not promising for any immediate amelioration of that discouragement • to Lull speculation. - ‘ Weather was favorable to an early movement of new corn, which is already being used largely for feeding in the ter-> ritory of its growth. Speculation had air ready been driven out of the deliveries of corn for this and next month by the j knowledge of a concentration in hands of the available contract gradfl and the improbability of much of the crop being in condition to fill cantrSßys for delivery this side of December. Mpket for hog products has been in eon a , worse condition than that of corn rtWfivM as concerned the manipulative tncttgs fH the leaders in the trade. Daily flue*|Brl tions and general trend of the nslpit have been largely independent of fly usual governing influences, so that - outsiders who made attempts at trading had to guess blindly at the intentions at this or that leader in the speculative ji^rket.