Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-07-22
NO SIGN OF HALTING.
TRADE PROGRESS or THE coJN-
TRY CONTINUES.
PROSPERITY STlLl III EVIDENCE.
Failures Smallest Ever known at
This season, Roiiroad EARNINGS
Inracst. md clearinghouse Fig
, urcs Larger Than Ever BEFORE.

NEW YORK. July 2l-Mcssrs. r. G.
Dun & CO.. in their weekly review oil
trade tomorrow. viii 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 nave not yet passed. the most
cautious search discloscs no sign Of halt
ing. Foreign anxicties have been real, bot
seem TO be passing. and Europe has begun
paying literally ior more food. without
expectation that securities can be 80 Do
settlement. The extensive labor strikes
have vanished. and Che local dlficuiti ss
do not affect national business Fears OF
new and powerful corporations lessen as
Il is found that they ar, controlled ~
the same laws which govern the aH4'i.
companlos. Above an the general eNi-
dencca of prosp rity continue c.ntncins'
failures are the smallest ever known
for the season. railroad earnings are the
largest. ana solvent payments through
.learinc-houscs boo July have icon IS o PSF
sent larger than last year. ana 623 per
sent larger than iu lsgl. the best Of the
previous ycars.
THE COUNTRY'S EXPORTS.
Omoal returns a. the most wonderful
year in the nations commerce snow a de-
crease of Es5g000 boz the value Of the
great staplcs exported. largely owing 20
prices. but au inC-eas> of about $'.VlON
in other exports, mostly manufactures.
Fear of deficient crops has been buneo
under western receipts from farms
amounting % l2Su.QG bushels of wheat
for the month thus far. against 5.n5i9S
bushe last year. and l52H taJ bushels oil
corn against 66iZ.5i5 bushels last year.
Exports of wheat. Atlantic and Pdcihc,
have been 770s.lH bushels during inc
month thus far. against 15gJ 30 bushels
last year. and Of corn. COCOON bushes,
against 5C97SE bushels last year. Prices
declined sharply. with the assurance OF
ample suppncs-Wheat cents and corn
2l-4 cents-which is the more significant
I'm view Of the previous heavy exports
OF both. Cotton also is going abroad large
-. though the price remains tl5 cents.
IRON AND STEEL.
Plg-iron has not advanced this week
but mainly finished producis-s eel rails
70 $50. at Pittslurg; bilcta. 90 5H; sheet
bars. 10 $3.50, sheets. 90 g cents, az Pitts
burg and cut and wire nails. both 81
per ton. The American Tiu-plate Com
pany settled with its hands by granting
10 per cent. more wages. and raised the
price OK plates 80 cents per box. still
demands do not abate, though works
have 10 refuse many orders. I'm plates.
one large order for shipment 10 the Clyde
was received: in bars. less urgency of
demand appears at the East but i'm
sheets. the works are about filled for tho
year. and IN structural shapes. besides
"a 60 hrf 1 lfrff1
ings at Chicago. proposal is reported
for 1900 tons with which to build a palace
for the Alikado of Japan.
COKE; TIN; COPPER; LEAD
Coke is unchanged I'm price and likely
10 break the record for production this
month; tin Is lifted to 2S9 cents by wild
speculation at London; copper is FIRM at
IS 10. and lead IS said 10 bo sold by the
Smelling Company below 4.6O cents, the
quoted price
WOOL.
Xpl is stnl advancing. Coates Brothers
circular of the 18th showing a rise
OF 2l0 cents: speculation being par
ticularly active IN fine woo's because 10 is
rising abroad. though in less demand for
manufacture here than cOmbing and me
dium grades. At the three principal
markets, 35.95610O pounds have been
sold in three weeks against 34124700 in
the same weeks Of 1881. before the present
tarin was enacted.
Manufacturers do not appear 90 be buy
Ing largely, though the demand Cor goods
is better. and has caused an advance i'm
clay and some other kinds.
COTTON GOODS AND LEATHER.
Cotton goods are unchanged, but fairly
strong
Leather is in good demand and slightly
higher. and hides al Chicago rose slight
ly, with limited receipts
Failures for the week have been is in
the United States. agaus, 10 last year.