Arizona republican., 1899-07-08
THE BOOM <sM ON
A Wonderful Ha Years
 Financial Record.
Prospects of All Commercial and In- duSfriaI Lines Grow Brighter But in inc Nature Of Things a Check Is Expected.

New York, July 7.-The half-year just closed has been a record breaker in business. The boom that came af- ter the war is here still. One of the interesting features of these good times is the small number of business failures. The failures this year are fewer than they have been for seven teen years past, and the liabilities are smaller than. in any year since 1S81- The industrial situation has never been better.
 s"There is kttle in the immediate outlook that can be considered as un- favorable says Bradstreet's. ''The iron trade, having finished the most eventful half-year in it's history, and most of it's contracts secured at the old low prices, faces a very good out look for the balance of the year at prices which guarantee large profits, providing adequate supplies of raw and partly manufactured materials can be secured. It is not unreasonable to look for some check. In fact, to bus:- ness in the metal consuming indus tries, owing to the scarcity of these materials. One of the latsst instances of this oited is the serious delay re- ported in the ship building industry, owing to the scarcity of steel plates. The labor situation has been one of the most satisfactory features of the half-year's business, voluntary ad- ton of thousands of operatives, and labor troubles being conspicuous by their absence till toward the close of the period under review, when failures to agree upon wages and hours in the Colorado smelling industry and in the tin plate manufacturing rendered a large number of workmen idle"
 Wool is going up. Bradstreet's says that the increased cost of the raw ma telcal is forcing change for the bet te rim the woollen goods market, with ] indications of a generally higher plane | of values ruling when the light weight 1 season opens. The price of wool dur ing the recent depression worked down | to the basis of 3S to 40 cents secured l for fine medium and fine territory, but | the strength in the markets of the | world for fine wOols has advanced this | cost to confidence in the price of wool i at the low point and bought very lit < tie, (and they now find themselves without heavy stocks and the market The advance in raw wool | was really forced by the demand from abroad for both Australian and do- nestle wool and the action of specu- lators, who quickly sized up the situ- ation and purchased literally.
 Other proofs of the volume of busi- ness are not wan5ing," says Dun Re view. Exchanges through the princi- pal cleaning houses have been for the week 43.3 per cent larger than last year and 63.S larger than in 1892. For the four weeks ending m here ,dHts the four weeks of June daily exchanges have been 37.4 per cent larger than last year and 54.2 per cent larger than in 1892. The swelling tide is rapidly approaching a point at which trans actions in the best of all past years. exclusive of speculative operations at New York, can be reckoned only about
 
 of the current transactions this year. Foreign exports from New York, though slightly larger than last year for the week and 149 per cent smaller for the month, contrast with imports 19.4 per cent larger for the month, and yet indicate exports ex- eeeding imports by s2O,00O,OOO in June" Railroad earnings reflect a constant increase in traffic. On leading sys- i, ems in the United States gross earn ngs for three weeks of June are 12.5 per cent greater than in 1892. On ( nearly all classes of roads earnings are arger. The gain is we'll distributed i Granger and Pacific roads report the , argest increase. Such important sys- 7 ems as iIhe Chicago, Milwaukee and C St. Paul, Northern Pacific, Louisville, he Southern road, the Missouri Pa fife. Grand Trunk, Wabash and Big -Four" report much larger earnings han last year.
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