Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1893-08-10
IMPROVEMENT sHowy.

-,Ew YORK, Aug 5-R. Il. Dun's re-
view Of trade says:
Decentralization in the speculative markets
has been followed by more healthy tone, and
heavy imports Of gold inspire hope that the
monetary troubles may abate. The week has
been one OF surprises. Enormous liquida-
ton in wheat brought the lowest prices ever
known Tuesday. The crash Of the pork ring
took nearly $40 from the nominal price of that
product in an hour and caused several failures
for millions each. Extra ordinary depression
in stocks and a slaughter which included some
Of the best were quickly followed by bear
panic and sensational advances
MONEY MARKET RELIEVED.
Meanwhile in the money markets there has
come singular sense of relief, notwithstand-
ing an actual increase in present embarrass-
ments almost amounting 10 a paralysis of en-
change between the chief commercial cities
and OF many industrial works because per
cent for currency fails TO secure what is need
ed for the payment of wages Hopes are new
ertheless fixed on the ships bringing over ST.
100000 gold across the sea and on the extra ses
sion OF congress, which will begin Monday
HAD IRIS BRIGHT SIDE
several of the largest ana boldest operators
at Chicago have been crushed under pork bar
rels, bUl the instant increase of foreign pur-
chases conYinces the market that the disaster
has brought a certain measure OF relief The
monetary stringency which at last crushed
speculation in wheat and hog products had
been caused in part by their prevention of ex-
ports and their absorption Of enormous capital
Ia carrying unprecedented stocks % production
which, ii sold in time To foreign consumers
wonid have brought gold enough 70 avert much
evil
WHEAT AND PORK HIGHER
wheat has recovered about four cents and
pori5 Two dollars or more at Chicago, ana or
dccs Tor exports have caused sud- advance
in ocean feicLrs With Il great surplus OF
country VIII be able 70 meet all demands. even
though the crops prove small enough To justify
a considerable advance from previous prices.
With a great crop OF corn almost assured, IN
usual acc mulation Of pork and hos products
would be safer on the ocean than in Chicago
warehouses and more healthful to the country
TIE STOCK MARKET.
Stocks at the lowest point Of the week av
eraged little more than Sal per share, but is
yet long way down to the prices OF 1877 av
eraging at the lowest S23 per share, and the
contrast between the condition and earnings OF
railroads now and then is.greater than the diff
ference in price Railroad earnings continue fair
ly satisfactory, though they show recent de-
crease and reduction of rates for worlds fair
travel. For good stocks some recovery from
such fall as that of last week was inevitable,
and its rapidity indicated how many stocks had
been absorbed by investors here and abroad
FINANCIAL DISASTERS.
Bank failures have beeH almost as numer-
GUS this week as for eilher of the two proceed
ing weeks but fewer have been of more than
local Importance, The western states show
greater distrust or weakness than other sec
lions. Out of 1863 banks failed since March
5 were in eastern cities 48 in southern and ISL
in western states, The failures OF ma AL
oanNs haslpereo Il g stare nahns, =
sorts 70 forti.y themselves banks throughout
the country have locked up large amount
OF currency ana the depositarS VI no have