The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1897-07-24
GREAT PROSPERITY:
Dullest Month in the Industrial Year
Duller Than Usual.
Rradstreets Review July L.

Bradstreets Review, July Il.
''The dullest month in the industrial year is
duller than usual, Notwithstanding improve
ment among potters and others. This is due
to a reaction in iron and steel, prices of which
are back to the lowest points on record,
dragging demand for boots and shoes, and a
threatened famine of bituminous coal. Man
ufacturers of cotton goods and their agents
report trade slow, owing TO higher cost oil
cotton and low prices for goods: Ihs mas
shut down number of cotton mills IN Massa-
chusetts and in Rhoda Island. A fairly steady
business is reported by Eastern manufacturers
of shoes, but this trade at Philadelphia is dull,
merchants hesitating to place orders. West
ern wholesale dealers in clothing report dis
tribniion unsatisfactory. Western bar IRON
mills are already shut down, and, if the coal
strike lasts another week, thousands OF factory
wheels will stop turning. The world avalla-
BILE supply of wheat is probably the smallest
at like period in many years. Europe is eX-
pected to have to import 100, 600 600 bushels
more wheat than last year, and neither INDIA,
Australia or Argentina is expected to be able
to supply its usual share. The American
wheat farmer and Spectator are taking an un-
usual interest in the situation at this time.
Reaction in iron and steel is followed by lower
prices for wheat flour, Indian corn, oats, pork,
lard, petroleum and rosin, while practically
unchanged quotations are reported for coffee,
cotton, print cloths and refined sugar The
general tendency of the price movement this
week, therefore, is to reverse the growing
strength of quotations in the preceding fort
night.
There are PAT business failures reported
throughout the United States this week, COM
pared with 213 last week.
Mckinley s Prosperity (?) Increasing.
Nearly all the brick making companies in
the vicinity of St. Louis have suspended oper-
atoms owing to the scarcity OF fuel.
WmKEsBARRE, Pa, July 19.-Notices were
posted today at the Lance, No. II Colhery, at
Plymouth, and No. Is Colliery, at Wanamie,
stating that the collieries would be shut down
on July % The collieries are operated by
the Lehigh & Wilkesbarre Coal Company,
This throws about 1000 men and boys out OF
employment
The Naumkeag Cotton Mills, at Salem,
Mass, have closed down, owing, it is an,
nounced, to an unsatis actory market and
1000 operatives are idle.
The Boonsboro (Md. Fruit Package, Saw
and Planning Company's plant was sold at a
receivers sale by l.. A Funk and Jesse SLOT
temyer, for So, $50.
The two glucose works at Peoria, Illinois,
shut up Tuesday owing to lack OF fuel, throw
ing 800 men out of work.
SouTH BETHLEHEM, Pa, July 2O.-If Gov.
Hastings fails sign the bill approprating
5000, 600 to it, Lehigh University will proba-
bly, be compelled to close its doors next fall
after thirty years of an active and beneheent
existence This was stated this morning by
man prominently identified with the instItu-
ton As is well known, die funds of the Unl-
versity are invested in Lehigh Valley Railroad
stock. The stock has not been paying any
dividends, so the income of the institution has
been cut off The appropriation as ed TOR is
absolutely necessary to permit the college
founded by Asa Packer to open its doors next
fall TO the 500 students. Stringent economy
is practiced at the institution. For the ilrs'
time in its history the Lucy Packer Under
man Library has been closed and the corps Of
librarians and attendants dismissed to curtail
expenses. The force of men employed on the
grounds has been laid off. The outlook tol
the institution, which has graduated free OF
cost many men now prominent III tins ana
foreign countries, is certainly very dlscouIag'
ing unless something is done to and 1t III q
financial way.
The r. Frank William; Company, whole
sale c5nfectionery Salisbury, Nd, have as
signed
Cook, Salmond & Cowden, merchants OF
Altoona. Pa. are in the hands of the sheriff
ON four executions.
Seth A. Marchant, coal dealer Baltimore
Nd, assigned.
Albert A. Cruman, wholesale notion dealer
St. Louis, Mo-, has filed deed of trust.
The miners at Belleville, ILL.,, to the number
of 1000, Thursday noon decided to JOIN the
strikers for better wages No coal will b.
dug for local use.
An unsuccessful effort was made on We'd
nesday by George NJ. Sharp, receiver, to dis
pose of the large plant of the Baltimore Glass
Manufacturing Company, at Popplein an(
Clare streets, Westport Baltimore county
Nd. Not one bid was offered for the prop
erty as an entirety, and in accordance witt
the provisions of the sale the auctioneer sole
the contents of tie various buildings IN detail
The prices ebtalned however, were so small
that it is doubtful if the sale will be ratified b,
the Circuit Court of Baltimore county, under
whose orders it was conducted.
The property of the Georgia Mining, Man
ufacturing and Investment Company, consist
ing of coal and iron mines IN Northern
Georgia. valued at $1,000 900, was sold oil
Wednesday by the receiver, on the order o
the court, to counsel for the certificate holders
for $24, S05.
The Cleveland, Ohio Rolling Mill Compan.
shut down at noon Wednesday for want o
fuel The company refused to pay the ad
vanced price. Over 1900 men were throw
out of employment.
The Kansas and Texas coal miners at Ard
more, Missouri, have decided to demand 8
cents ton for digging coal after Septembe
L threatening a strike ifthe demand is refused