The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1895-06-26
A Rising Tide Of Trade
Indicated by Reports From
all. Sections Of the Country.

New YORK, June 2l.-k. u. Dun's
report says Failures for the second
week of June show liabilities of only
s., ,092, ,sS2, of which s702.357 were
manufacturing and 81, 329,625 were
trading, against $2,s17,535 in all fol
the same week last year, of which
s6sS,lS were manufacturing aud
s., 2,220, ,766 were trading Additions
for the first week of June raise the
aggregate for two weeks, Including
the cordage concern, to S14,32l ,S4l,
/. af;which S10,517.325 were manufac-
turing and ss,6S4,ll6 were trading
Failures for the week have been 22S
sin the. United States, against 2l4 last
ssyear. and 81 in Canada, agaist 70
) las. year. He who sees set back
in; business at this time must be
gazing threught q telescope pointed
: by, mistake at some other country.
From all parts of. the United States
TIE best advices obtainable tell OF
/. a risipe tide of trade and industry,
which threatens here and there to
mount too far and too fast The
vatnnad all. business IS by no
means equal 70 that 1892 as yet,
though in some important branches
larger, ,than.that cf any other year.
DaaAs payments through clearing
houses in June are 269 per cent.
larger tAan last year. though 8 6 per
cent smaller than in. 1892, the last
year of full business at this season.
A rise Of more than one-fourth in a
single year is more significant, be-
cause. in spite of recent advances the
prices of commodities as whole
average a, fraction of per cent
lower than year ago. Two infu-
ences Of tremendous power -consri-
butte to the ise-encouraging crop
news and confident replenishment of
stocks which have been for two years
Henleted tosIhs. utmost,
] & W Ben business ttraasactio have
so long been SIS, 100000 yearly less
than before it is not strange that The
increase should Be at the rate of
$1,000. 900 q year when faith in the
future inspires general replenishment
of stocks
Excepting too heavy rains in
Texas, crop reports this week have
been highly encouraging Future
injury to cotton cannot be predicted,
but as yet:notiling indicates yield
below 81 500, 600 bales, which would
not be supposed to threaten famine
if the commercial and mill stocks
were remembered. now exceeding by
$500, 900 bales full consumption
until September l.. Receipts con-
t;nue small and consumption close to
the maximum here and abroad,
though the marketing of British
goods is not entirely encouraging.
Liberal purchases of all products by
ahe South do not indicate the belief
that any serious misfortune impends
Sc: the strong trade in the grain
growing States accords with the
brighter crop prospects
The rush for supplies in iron and
steel resembles a ebear picnic" in
the stock market, Because prices
are mounting everybody hurries to
buy. 80 that they mount higher.
Bessemer iron has reached S12 IS
: at Pittsburg, the bar association has
ADVANCED common to. sl.l5, the nail
associations puts up the price Ito
!; ST 50per keg. the steel rail makers
have raised the price to S24. Eastern
and Southern furnaces have both
aisea prices agaia .60a cents 1perton.. ;.
and structural beams are $1.35 and
angles Sl%25 It is undeniabee that
works in operation. are crowded with
orders and others which have been
idle for years are preparing to re-
ssnne. At THE same time Sthe most
-p6fent cause Of the upward start IN
prices, the general belief that com,
bination of coke producers would
raise the. price to 81 50 after July /,
is apparently removed by war among
the producers, and fall to Sl.25 in
contracts for the last half of 1895
AdysAces continue IN cotton goods
and are sustained by unusual demand
and scarcity at time when the mills
are generally anxious to clear off old
stocks Shipments of boots and
shoes for the week have been the
largest ever known in any week
1915 cases-according to the Shoe
and Leather Reporter, aud for the
first tIaeeq weeks Of June have been
II pefsceiit. larger than in any pre-
vious gear s!apy shops are stop
ping, though most have orders to
August or September. With sterling
exchange at the shipping point, gold
-eexports.are not expected unless the
syndicate sees fit to make them for
Z ulrposes. of it's own, although 4he