Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1896-08-12


be tolerated in civilized NOT to sa,
a Christian-land? The Presidential
candidate, in whose name and 70
whose advantage these things ar
being done, is himself a professinl
Christian, and an active member o
one OF the leading churches. Is it pos
sible that he can regard such desecra
ton OF holy things with any feeling
other than horror and detesta ton. :
New York Tribune.
Inc Business Situation Selected and Con
densed for Public Opinion.
The week began with extreme de
preston in stock and speculative mar
kets, owing to the heavy outgo of gold
and the fall of the Treasury reserve be
low the minimum. The Populist anG
silver conventions caused some appre
hension, and large Withdrawals of gold
Tor boarding were rather feared than
seen' Stocks fell rapidly aud on Mon
DAY averaged lower than at any time
this year or during the Venezuela
alarm in December. Then came sharp
recovery with the union of banks to
turn $1,000 900 gold into the Treasury
and OF International bankers to control
foreign exchange. The gold reserve
has been quickly lifted above 800. 900.
OOO, and political events have helped
to clear away political apprehension
business OF all kinds has been consider.
ably affected by the monentary con.
ditlons and is slower to improve.
The produce markets have been seri.
ously depressed, lard making the loves
quotations on record, corn falling to 80
cents, wheat to 81 I, and cotton to
Il% cents. There has been slight re-.
covery in corn, sixteenth in cotton.
and a cent in wheat, but the main
cause OF low prices remains, namely.
prospects of large crops with heavy
stocks on hand. Old corn is coming
forward at about double the rate of a
year ago, and SO far another big weld
is indicated. Wheat receipts at West.
ern points have been 1O,275, ,257 busbels
10 three weeks against 4 4,4S9, ,443 last
year. when the coming crop, if official
reports are to be credited, was larger
than it is now, and Atlantic exports
Tor three weeks, -four included have
been 1868, l47 bushels against 2, 5ss, ,O7s
last year, large gain, but not enough
TO balance the increase in receipts.
Nothing appears of encouragement
IN the industries, and there has been a
further decline in work.
ng force. The closing of iron furn aces
The general demoraliza.
lion is partly due to growing belief
hat large combinations which still
acid up prices can not hold them long.
Nearly all wire and wire road mills are
'losed, sales of nails are small. Minor
metals are also weaker. American tin
'lates sell at S3 90 against SO 70 for
oreign. but with 5 TO n discount for
onward delivery. Textile industries
re rapidly reducing working force.
he state of woolen manufacture an.
ears In sales Of wool at the chief mar
cts, for the week the smallest ever
nown, only 1,S70,4 ,45O pounds, of which
49,05O we're domestic, against 1O, SO1..
'O last year, of which 6,23l, $50 we're
omestic. Money markets have ad.
aced.-Dun's Review, New York
uly 30.
The regular quarterly comparison in
radstreet's of prices of 1903 staple pro-
ucts, produce, etc., for five years.
lakes it plain that values have not
aterially recovered from the depres. {
on reached since the panic of 1893. l
ompared with July 1, 1894, when trade
as greatly depressed, there are 40 in.
eases in quotation on July this year, O
bout one quarter being agricultural q
roducts. notably wheat, cotton and '
lgar. Other advances are for iron, d
eel coal, hides, brick, glass, drugs q
ld chemicals. Contrasted with July I
1898, at which there was general C
Vance in demand and quotations, 8
ices ON July this year show only 80 D
creases; contrasted with July /, 1898, h
lily 1S out of 1903 items for which f
ices are given show advances today. ii
'tably drugs, chemicals, hides, cop. '
r petroleum, hay, -four and rice. h
'mpared with July /, 1909, when gen. u
al trade was prosperous, only 90 quo. a
tions appear higher, including most G,
those last named. n