The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1899-07-25

Ne signs Of Hating Ina the Advancing
AS0siness Of The Satton-Sagisfaet0ry
Conditions in alt Branches OF trade.
A Record Break ing Year


Business OF the Satton-Sasisfaetory
Conditions in ali Branches Of trade.
Record Break Ing Year
New York, July Pr. G.. Dun &
Co., in their weekly Review of Trade,
will say tomorrow:
Optimism is always popular. but more
b a half the time dangerous. Seven
years OF hating and reaction histori-
caiiy follow three Of rapid progress;
BIT the three of progress have not yet
passed, and the most cautious search
dlscloses no sign of hating. Foreign
anxieties have been real, but seem to
be passing, and Europe has begun pay
Ing literally for more food without ex-
pectation that securities can be sent in
settlement. The extensive labor strikes
nave vanished, and the local do not
affect national business. Fears of new
and powerful corporations lessen as il
is round that they are controlled by the
same laws which govern the small
companies.
Above all, the general evidences OF
prosperity continue convincing. Fail
ures are the smallest ever known for
the season, railroad earnings the larg-
est and solvent payments through
clearing houses in July have been 4S.6
per cent. larger than last year and s2.3
per cent. larger than in 1892, the best
OF the previous years. Oficial returns
OF the most wonderful year in the ma
tlon,s commerce show a decrease Of
$500 600 in value Of the great staples
exported, largely owing to prices. but
an increase Of about $50, 900, 900 In
other exports, mostly manufactures.
rear OF deficient crops has been
buried under western receipts from
farms, amounting to 13, 1851, DAG bushels
or wheat for the month thus far,
against 3,773,1OS last year, and $685.
boo bushels Of corn, against $685. 15
last year. Exports Of wheat, Atlantic
and Pacific, have been 7,7O9, 1893 bushels
during the month thus far, against
1,399,25S last year and of corr $685.
O4l bushels, against 5,O97,S47 last
year. Prices declined sharply with as
surance of ample supplies-wheat 8
cents, and corn p, which is the more
significant in view Of the previous
heavy exports of both. Cotton also i.
going abroad largely, though the price
remains GIG cents.
zig iron has not advanced this week,
but mainly finished products-steel
rails to $50 at Pittsburg, billets to $34,
sheet bars to $3.50, sheets to 3 cents
at Pittsburg, and cut and wire nails
o So per ton. The American Tin
plate Company settled with it's hand.
by granting Is per cent. more wages,
and raised the price of plates SO cents
per box. Still demands do not abate,
though works have to refuse many or
ders. In plates one large order for
shipment to the Clyde was received;
in bars less urgency of demand ap-
pears at the east, but in sheets works
are about filled for the year, and in
structural shapes, besides $500 tons
for bridges and 1000 for buildings at
Chicago, a proposal is reported for
5000 tons to build a palace for the
mikado Of Japan.
Coke is unchanged in price and like
ly to break the record for production
this month. Tin is lifted to 2S.9 cents
by wild speculation at London. Copper
is firm at 18a cents and lead is said to
be sold by the smelling company be-
low AGO cents, the quoted price.
Wool is still advancing, Coates
Brothers circular Of the 18th showing
a rise of 2.19 cents since May 18th,
speculation being particularly active in
fine wool, because it is rising abroad,
though less demand for manufacture
here than cOmbings and medium
grades.
Manufacturers do not appear to be
buying largely, though the demand for
goods is better, and has caused an ad-
vance in clay and some other kinds.
Cotton goods are unchanged, but fair
ly strong.
Leather is in good demand and
slightly higher, and hides at Chicago
rose slightly with limited receipts.
Failures for the week have been 145
in the United States against 2O7 last
year, and % in Canada, against IL last
year.