Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1899-07-22
PROSPERITY CONTINUES.
Ever known. Largest Railroad
Earnings, Etc.

NEW YORK. July PR. q. Dun &
Co.'S weekly review of trade issued to-
day said i'll part:
Optimism Is always popular, but more
than half the time dangerous. Seven
years of halting and reaction histor-
ically follow three of rapid progress.
But the three of progress have not yet
passed, and the most cautious search
alscluses no sign of halting. Foreign
.lixi.ties have been real, but seem to be
Passing, and Europe has begun paying
ber.tliy for more food without expecta-
ton that securities can be sent in settle
nent. 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
pauieS.
Above all, the general evidence of
prosperity continues convincing, fail
ures are the smallest ever known for
the season, railroad earnings the larg-
est, and solvent payments through
clearinghouse i'll July have been 1876
per cent larger than last year and 62.3
per cent larger than i'll 1892, the best
of previous years.
Official returns of the most wonder
full year i'll the nations commerce show
o decrease of $50, 900, 900 i'll value of
the great staples exported, largely
owing to prices, but an increase of
about $50, 100000 i'll other exports,
mostly man ufactureS.
Fear of deficient crops has been bur-
led under western receipts from farms
amounting to y, SCI ,046 bushels wheat
fur the month thus far, against 3,713,
lOS last year, ard 1925, $50 bushels
corn. against G,Gl2,3l5 last year. EX-
ports Of wheat, Atlantic and Pacific,
have been i,s09, 1913 bushels during the
month thus far, against 1889, ,259 last
year, and OF corn 9.093 OIL, against %
09i.Sl1 last year Prices declined
sharply with assurance Of ample sup
plies, wheat cents and corn pa cents,
which is the more significant III view of
the previous heavy exports of both.
Pigirun has not advanced this week,
but mainly finished products, steel rails
to $50 at Pittsburg, billets to S54, sheet
bars TO $500, sheets TO 3 cents at
Pittsburg, and cut and wire nails both
50 per ton. The American Tinplate
company settled with lis hands by
granting 10 per cent more wages, and
raised the price Of plates 90 cents per
box. Still demands do not abate,
though works have to refuse many
orders. LII plates, one large order for
shipment to the Clyde was received; in
bars less urgency of demand appears at
the east, but i'll sheets works are about
filed for the year, and i'll structural
steel, besides $500 tons for bridges and
200 tons for buildings at Chicago, II
proposal is reported for 5000 tons to
build d palace for the mikado of Japan.
Coke is unchanged i'll price and likely
TO break the record for production this
month.
Wool is still advancing, Coates Bros. ,
circular of the 10Th showing rise of
2.I9 cents since May 10, speculation
ceing particularly active in fine wool,
because it is rising abroad, though in
less demand for manufacture here than
-ombiug and medium grades. At the
,hree markets 35.956, 100 pounds have
been sold i'll three weeks, against 34,-
l24, 700 pounds in the same weeks of
1897, before the present tariff was
enacted.
Failures for the week have been 145
III the United States, against 201 last
year. and % III Canada, against II last
year.