The star. (Reynoldsville, Pa.) 1892-1946, 1899-07-26
REVIEW OF TRADE.
No Signs indicating a Cessation OF The Present
Prosperity.

II. G.. Dun & Co. in their weekly re-
view of trade report as follows: OPP
timism Is always popular, but more
than half the time dangerous. Seven
years OF hating and reaction historic
ally follow three of rapid progress.
But the three of progress have not yet
passed, and the most cautious search
discloses no sign of halting. Foreign
anxieties have been real, but seem to
be passing, and Europe has begun
paying literally for more food without
expectation that securities can be sent
In settlement.
Above all the general evidences Of
prosperity continue convincing, fall
ures are the smallest ever known for
the season. railroad earnings the larg-
est and solvent payments through
clearing houses in July have been 4S.6
per cent. larger than last year and
1913 per cent larger than in 1892, the
best OF previous years.
Official returns Of the most wonder
full year in the nations commerce
show decrease of $50, ,900, 900 in value
OF the great staples exported, largely
owing to. prices, but an increase OF
about $50, ,O00. 900 in other exports,
mostly manufactures.
Fear Of deficient crops has been
buried under western receipts from
farms amounting to 1885,, ,046 bushels
OF wheat for the month thus far.
against 3,77S.l0S last year, and Il. 5.298.-
655 bushels OF corn, against 6,612 3l5
last year. EXPORTS of wheat Atlantic
and Pacific, have been 100. 1893 BUSH
els during the month thus far, against
1888, ,259 last year, and corn 9,O93, ,041
bushels. against 5,097,S47 last year.
Prices declined sharply with assurance
Of ample supplies, wheat 8 cents and
corn Pa cents. which Is the more sig
nificant in view of the previous heavy
exports of both. Cotton is also going
abroad largely, though the PRICE re-
mains G.l9c.
Pig iron has not advanced this week,
but mainly finished products-steel
rails to $50 at Pittsburg, billets to S34
sheet bars to $3.50. sheets to cents
at Pittsburg and cut and wire nails
both 80 per ton. The American Tin
Plate Company settled with its hands
by granting 10 per cent. more wages,
and raised the price of plates 30 cents
per box. Still demands do not abate,
though works have to refuse many or
ders. In plates. one large order for
shipment to the Clyde was received; !;
In bars, less urgency of demand ap-
pears at the East. but in sheets, works
are about filled for the year, and in
structural shapes, besides $500 tons
for bridges and 1900 for buildings at
Chicago, a proposal Is reported for
5000 tons to build palace for the
mikado of Japan.
Coke Is unchanged IN price, ana like
ly to break the record for production
this month. Tin is lifted to 2s.9 cents
by wild speculation at London. copper
Is firm at 1Sla cents. and lead Is said to
be sold by the smelling company be-
low 4.60 cents. the quoted price.
Wool is still advancing. Coates
Bros circular of the 18th showing a
rise of 219 cents since May 15. specu-
lation being particularly active in line
wool because 1t is rising abroad,
though in less demand for manufac-
ture here than combing and medium
grades. At the three markets $685.
100 pounds have been sold in three
weeks, against 3t.l24I0Q in the same
weeks OF 1897, before the present tariff
was enacted.
Leather Is In good demand and
slightly higher. and hides at Chicago
rose slightly with limited receipts.
Failures for the week have been las
In the United States. against 207 last
year, and % In Canada. against II last
year.