The record-union., 1899-07-22
Labor Troubles Have No Material
Effect on Business.
Fears Of the Influence Of Big Corporation
Combines Also Set at Rest.
Found That They Are Controlled
by the Same Laws Which Cow
ern the Smaller Companies-
Evidences Of Prosperity Every
where Noted.

Evidences Of Prosperity Every
where Noted.
NEW YORK, July DIR. G. Dun
& Co. in their weekly review to-mor-
row will say: y-
optimism is always popular, but
| more than half the time dangerous.
Several years of halting and reaction
historically follow three of rapid prog
| ress But the three of progress have
not yet passed, and the cautious search
dlscloses no sign of halting. Foreign
anxieties have been real, but they seem
to be passing, and Europe has begun
paying literally for more food without
expectation that securities can be sent
in settlement. The expensive labor
strikes have vanished and the local
troubles do not affect national busi-
ness. Fears of new and powerful cor
porations lessen as it is found that
they are controlled by the same laws
which goven the small companies.
Above all, the general evidences of
prosperity continue convincing, failures
are the smallest ever known for the
season, railroad earnings the largest,
and solvent payments through clearing
houses in July have been 1876 per cent.
larger than last year and 62.3 larger
than in 1872, the best previous years.
Exports of wheat, Atlantic and Pa
cific, have been 7,709, 1913 bushels dur
ing the month thus far, against $780,
zo9 bushels last year. Prices declined
| sharply, with assurance of ample sup
plies, wheat cents and corn 2H cents,
winch is the more significant in view
OF the previous heavy exports of
both.
Copper is firm at 1917 cents, and lead
| is said to be sold by the smelling COM
panies below the quoted price
| Wool is still advancing, Coates Bros
circular of the 10Th showing a rise In
fine wool, because it is rising abroad,
though in less demand for manufact-
ure here than combing and medium
grades. AT the three chief markets
35,9o6.oOO pounds have been sold in
three weeks, against "a. 124, 700 pounds
in the same weeks of 1897. before the
present tariff was enacted. Manu-
facturers do not appear to be buying
largely, though the demand for goods
is better and has caused an advance
in textiles and some other kinds.
Leather is in good demand and
slightly higher. and hides at Chicago
rise slightly with limited receipts.
Failures for the week have been 145
in the United States, against 2O7 last
year, and % in Canada, against II
last year.
NEW YORK, July 21.-"Brad-
streets" tomorrow will say:
The general trade situation has ap-
parently lost nothing in strength. The
aggregate of midsummer business is
OF an unprecedented volume and signs
OF expansion in the demand for fall
and winter goods increases. Prices,
except for the cereals, coffee, raw su-
gar and dairy products, are either firm
ly held or tend upward Notable among.
the products advancing are pork pro-
ducts, petroleum, "copper" tin. tin plate
and raw wool, while the list of pro-
ducts unchanged includes refined su-
gar, hides, leather, lead and cotton.
Crop prospects are encouraging. the
movement of grain to market is of
immense volume, and railroad earn
1ngS consequently continue to show
large increases over preceding years.
Possibilities that the present corn
crop will equal if not exceed the
largest on record, have depressed prices
of this cereal to an extent equal to
the decrease in wheat. The corn yield
IN Kansas, particularly, promises to
be enormous, always providing that
the hot winds do not affect the crop.
IrCSl and steel retain all of their old
strength, and while prices at the East
are unchanged, further advances in
crude and manufactured material are
noted at Chicago
In textile circles the situation is one
of unabated strength; particularly in
wool and wooden goods. Manufacturers
are freer buyers at the East, and their
agents are purchasing heavily at the
West Quotations for fine grades are
consequently higher all around.
In the market for finished goods or
ders are of very large volume, particu-
larly in worsteds. and some concerns
are cutting down consumers orders,
claiming inability to deliver
Business failures for the week num-
ber 174, as compared with ia last
week, 1SS in the corresponding week
of last year, 220 in 1897, $50 in 1896,
and 239 in 1895. Business failures in
Canada number 19, as against II last
year.
Wheat Gncluding f1our) shipments for
the week aggregate 3.4OS,0S3 bushels,
against 3,263,0S7 bushels last week;
2.303, AGO bushels in the corresponding
week of 1898; 1,97SS2S bushels in
1897: 3,073, 80 bushels in 1896, and
I263, ,O96 bushels in 1905. Since July
1st this season the exports of wheat
aggregate 10,430,S60 bushels, against
Z, ,497 1888 bushels last year, and 6,OO3,-
526 bushels in 1S97-S.
Not Slightest Chance Of War.
CAPE TOWN. June 21-In his reply
to an address of welcome at Clare-
mont yesterday evening, Cecil Rhodes.
formerly Premier of Cape Colony. de-
clared that there was not the slightest
chance of war between Great Britain
and the Transvaal Republic breaking
out
Destructive Fire in Great Britain.
LONDON, July q. The Western
Electric Gable Company's establish
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