The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1896-01-11

,o,,s which encouraged farmers 10 keep
h,ck their graln until the cream had
beeu takeno of tie market by the speeu-
lators. The inevitable consequences mas
beeu a very low range OF prices. ihe
vield beIuz clearly ia excess OF all de-
mands. while Atlantic exports iot lae
/ last five weeks, Gour iacluded, nave oeeh
Ie4il.a $50 bushels agaiust 9.7o3'015 iast
year. The grea; crvp OF corn Las ma
ter,aNy affected the price OF meats
The course OF industries during 1879
has seen materially affected hy specala-
ton in materials. Midsummer VIZ
messed tremendous advance WIFE q
rash 20 buy far exceeding ;he ordinary
demand for consumption. e'cn wleh
,welled by repieuishmeHt oil STOCKS
after TWO years enforced dep.ct'oA.
Price, rose beyond all reason, eAc.Hns
.,jll more the anxiety 10 bay beyond
actual needs. Thousands OF producers
strangely m!s,ook the eNtraoFi aa'y
buy!u: for vast Increase IN consuming
ability. and extended p!au;,. opened
mills. increased force, and Pushed pro-
!Gactior In many lines far beyond actua!
tcoasumpil0n. inevitably bo:h traders
and manufacturers were ie.t to"aru me
close with con siderable stocS, unso!a,
and claims against customers who were
themselves tied up by purchases beyond
their Distributing power Hence the
general shrlnkage in prices FOR the past
/ three mouths. and though IN scarcely
any department d!d prices rlse higher
than IN former years. they were found
( on. OF relation 10 the existing demand
Railroad earnings show decided i'm
proyement over last year. 80 per cent.
for the year aud 60 per cent. tor Deem
/ ber though 40 per cent. smaller than
LIN lso3. Tonnage returns snew
Ia large increase from Chicago
ea;tsound during the past few
months, though Il per cent. less for
the year than IL 1892. Receiyersa D.
! excluding one OF formal nature. covered
$50. miles. sl2l.g5l. $40 debt and 500
i5u.575 stock Railroad stocks averaged
$3.50 per share AZ the beginning OF
lsg5. fell 10 >4i96 In March. rose 10
sj5. Al in Septem GER and fell To So. 09
with the war panic il December, but
but closed a, s4s.75 per share. Rapid
outflow OF gold prior 10 and more aitei
the presidents message regarding Nene
zue'a. with high rates Of intere,t,causec
anxiety which was checked by SECESSION
10 issue CLEARING house certificates al
New York Boston and Phladelphia,an
BY prompt attention 10 financial qnes
lions in congress. but at the close an
other issue OF bonds is expected. Offer:
already exceed the amount OF the issue
proposcd. Commercial loans have SUD
denly risen to 10 per cent. or more 10
best paper. and a premium Is DID 10
gold at the west By parties desiring u
take bonds while S2.500,000 Is on tn
way hitler from GERMANY. and Londoi
nanciers reckon that German bank
will draw from there $4,000. 900 or mo-:
to pay for bonds. The recent decrtaS
in imports of merchandise. and some IN
crease in exports warrant nope ina
trade balances may BE- more iaVoraDi
hereafter, but much depends upon tn
course OF securities. which foreign hold
srs are selling TO some extent ~ order L
share in the expected profits OK bonds
Rarely has there been situation >
csmplicated. and the near future Is oil
, icu!t to forecast. but Il is the wide!
preyalcn; impression that large sale q
bond. will speedily revive contidenc
and activity.