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 Il.

duller than usual, Notwithstanding improve
ment among potters and others. This is due
to reaction in iron and steel, prices of which
are back to the lowest points on record, a
dragging demand for boots and shoes, and IL
threatened famine of bituminous coal. Man
ufacturers of cotton goods and their agents
report trade slow, owing to higher cost of
cotton and low prices for goods. This has
shut down number of cotton mills in Massa-
chusetts and in Rhod Island. A fairly steady
business is reported by Eastern manufacturers
of shoes, but this trade at Philadelphia is dull,
merchants hcsitating to place orders. West
ern wholesale dealers in clothing report dis
tribution 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 availa-
BILE supply of wheat is probably the smallest
at like period in many years. Europe is ex-
pected to have to import 100, 000, 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 speculator are taking an I'M
usual interest in the situation at this time.
Reaction in iron and steel is followed by lower
prices for wheat -four 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 247 business failures reported
throughout the United States this week, com
pared with 2l3 last week.
McKinley's Prosperity p Increasing.
al. l.. :,
the vicinity of st. Louis have suspended oper
ations owing to the scarcity of fuel.
WIIKEsBARRE, Pa, July l9.-Notices were
posted today at the Lance, No. II Colliery. at
Plymouth, and No. 1S Colliery, at Waname,
stating that the coieries 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 plant was sold at a
receivers sale by l.. \ Funk and Jesse SLOT
tlemyer, for $3.50.
The two glucose works at Peoria, Illinois.
shut up Tuesday owing to lack of fuel throw
ing 1900 men out of work.
SorrH BETHLEHEM, Pa, July 20.-lf Gov.
Hastings fails o sign the bill appropriatng
5000 900 to it, Lehigh University will prOba-
bly, be compelled to close its doors next fall
after thirty years of an active and benehcent
existence. This was stated this morning bya
man prominently identified with the nStltu-
ton. As is well known, the funds of the Uni
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 It's doors next
tall to the 500 students. Stringent economy
is praclicei at the institution. For the first
time in its history the Lucy Packer Under
man Library has been closed and the corps OF
librarians and attendants dismissed to curtai!
expenses. The force of men employed on the
grounds has been laid off. The outlook for
the institution, which has graduated free OF
cost many men now prominent IN tins ana
foreign countries, is certainly very discourag-
ing unless something is done to aid II III
financial way.
The r. Frank William Company. whole
sale confectionery. Salisbury. Md. have
signed.
Cook. Salmond a. Cowden, merchants OF
Altoona, Pa, are in the hands of the sheriff
on four executions.
Seth A. Marchant. coal dealer. Baltimore
Nd, assigned.
Albert \. 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 be
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 Popplem and
Clare streets, Westport, Baltimore county,
Md. Not one bid was offered for the prop
erty as an entirety, and in accordance with
the provisions of the sale the auctioneer sold
the contents Of tie various buildings in detail.
The prices obtained, however, were so small
that it is doubtful if the sale will be ratified by
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 on
Wednesday by the receiver, on the order of
the court. to counsel for the certificate holders,
for S24, S0j.
The Cleveland, Ono, Rolling Mill Company
shut down at noon Wednesday for want Of
fuel. The company refused to pay the adj
vanced price. Over 1900 men were thrown
out of employment.
The Kansas and Texas coal miners at Ard
more, Missouri, have decided to demand 90
cents ton for digging coal after September
l, threatening a strike if the demand is refused.
TARIFF CONFERENCE REPORT.