The times. [volume] (Richmond, Va.) 1890-1903, 1899-07-22
THE EVIDENCES
ARE CONVINCING
OF a Continuation of the Years Un-
paraIIeIed Prosperity
FAILURES The SMALLEST KNOWN
While Railroad Earnings are the
Largest. aud solvent Clearing
House Payments Larger by iIalf
Than Best Previous NJ

NEW YORK. July W--R. q. Dun q
Co. in their Weekly Review OF Trade
Will say:
Optimism IS always uncertain, but
more than half the time dangerous. Seven
years OF hating and reaction historically
follow three years Of rapid progress.
But the three OF progress have not yet
passed and the most cautious search
discloses no sign Of hating. Foreign
anxieties have been real, but seem TO be
passing. and Europe has begun paying
literally for more food without expecta-
ton that securities can be sent I'm set
tlement. The extensive labor strikes
have vanished and the local do not affect
national business. Fears of new and
powerful corporations lessen as it is
found that they are controlled by the
same laws which govern the small COM
panies.
SIGNS ARE FAVORABLE
Above an. the general evidences Of
prosperity continue convincing. failures
are the smallest ever known for the sca-
SON. railroad earnings the largest and
solvent payments through clearing houses
in July have been ass per cent larger
than last year and 62.3 por cent larger
than I'm 1852. the best of the previous
years
Official returns OF the most wonderful
year I'm the nations commerce show
decrease of SS5.go0o0 I'm value Of the sta
piles exported. largely owing % prices
but am increase of about s,oClW0 To-
other exports. mostly manufacture
Fear OF deficient crops has Doe n buried
r.fr.fa m
amounting 20 49, SCI .0i6 bushels OF wheat
for the month thus far. against 3.N3lS
last year. and 15292f5j bushels of corn
against G6l2M5 last year. Exports or
wheat Atlantic and Pacific. have been
110.lm bushels during The month mus
far against 800 go last year, and of corn
aOQ20r against 5m1.>F last year Prices
declined sharply with assurance of ample
suupliee-wheat 90. and corn Lie
which is tho more significant in Wow of
the previous heavy exports or hofn.
Cotton also is going abroad largely,
though the price remains $40 cents.
IRON PRODUCTS HIGHER.
Pig iron has NOT advanced this week.
hut mainly finished pr0dIcts-steel rails t0
SEQ af Putsburg bilets t0 {ol sheet bars
10 $3.50. sheets TO cents no PIttshuIe,
and cut and wire nails both So per tom.
qho American Tin Plate Company s'.-
tied with ps hands hy granting ID per
cent. more wages and raised the price ol
plates s0 cents per box. StII demand
d1 not abate. though works have to r.-
fuse many orders. Ton plates ono IH-'
order for shipment 90 the clyde was I'.
co.veI. iu bars less urgency or demand
appears M the East. but I'm sheets works
arc about fUod for tho year, and n
H ..
trf1eas and f200 fOr buildings mo lH-
clr9. proposal is reported for 5000 tons
to build a palace FOR the Mikado OF
Japan
coke IS unchanged in price and likely
90 break The record Tor production this
month.
rracuirfian M London. copper Us firm
~ 1872 and lead is said % be- sold ny
me smelling company below 400 cents
tho quoted price,
WOOL ADVANCING
wool ls still advancing Coates Eros
circular OF the 18th showing q rise or
21qc.. speculation being particularly ac'
ttva Ga tna woods because 10 is rising
abroad though in Joss demand for manu-
features here than combining and medium
Grades Al the three principal markets
= o-r Ton nounds have been sold I'm three
weeks against 2f12i-0 in the same
weeks OF 1907 before the present tariff
was enacted
Manufacturers 40 not appear IN be bny-
inc largely though the demand for goods
IS better and has caused an advance IN
CLAW and some other kinds.
cotton goods are unchanged but fairly
strong.
Leather is in good demand and slightly
birher. ana hides at Chicago rose slight
lv with limited receipts.
Failures for the week have been ID IN
the United States. against ll' iast year
ana o. In canada against r last year.