The news and herald. (Winnsboro, S.C.) 1877-1900, 1895-08-15
DUN'S REPORT ENCOURAGING
The Industries of the Country Make
PROGRESS.

r. G. Dun & Co., of New York, in their
weekly review Of trade, say:
Business continues unusually active Tor
midsummer, and though there is perceptible
relaxation there are no signs Of reaction.
The one change of great importance which
the past week has brought is eminently help
ful-the dmicable settlement between coal
miners and employers in Western Pennsyi-
yania, Ohio and Indiana. It is said that
about 100. 900 men will have their wages in
creased after Oct. 1st by this adjustment,
and while the enlargement OF purchasing
power is OF consequences, it seems even more
important that a chronic cause OF coneEo-
versy has been removed by the new agree
meut as tc company stores. There is no I'M
portant change in crop prospects and at this
time no news is eminently good news
Taken altogether the crops of the year prom
ise 80 much better than was expected a
month ago that the effect is highly encour-
aging, although the crops except corn WILL
not be full.
The out-go of gold continues, and this ex-
cites some comment, because 1t Is 1eit tnat
the bond syndicate could arrest the move
ment at once if it pleased, probably by reduc-
ing the rate of exchange.
Speculation has been more successful IN
cotton than in any other product during the
past week, and has lifted the price an eighth.
although it cannot be said that the prospect
as to Weld has definitely changed. Some in
jury has evidently been sustained from ex-
cessive rains and the government report
commands little more attention.
The industries continue to make progress,
and higher prices for iron and steel products
prove that the supply has not yet out-run
the demand. Bessemer pig is a shade weak
er but gray forge mas advanced about 60
cents and finished products are remarkably
firm with further advance in steel beams to
16 cent and in angles to 1.5 cent and In bar
Homestead broke the record by turning out
in July 5000 tons Of steel, OF which l7,lo0
were of beams.
Sales of wool are not as much inflated BY
speculation as they were during the first hall
of July. but they still considerably exceed
the actual consumption in the manufacture.
Prices arc very firm, and holders who bought
enormous quantities a month ago in expec-
tation of rise appear to be looking for
further advance. But wooden goods snow
signs OF weakening, and there is much COM
plant Of foreign ompetition and under-vat"
uations, especially in medium and lower
qualities while in worsted the tendency OF
prices is upward Some staple cotton goods
have again advanced in prices, and the mar
ket is unusually strong for the season.
The shipments OF boots and shoes continue
larger than III any previous year. but there
is very little new business and most o., GIG
manufacturers are getting near thc eno v,
Their orarss, whtto many ba@e dlScnar9eu
nart of their hands. Prices are lirml main
tained and there is activity in leather,
though it is reported that in hides prices al
the West show 4 little weakness.
The failures in July show liabilities amount.
to s11. $40. Of which q, 549, ,O75 were OIL
manufa turin" and 3S,2S3,173 OF trading
concerns. Failures for the week were 225 IN
the United States against 2G4 last year ano
43 in Canrla against 81 last year.