PTH-X trfifj ""W1 ?fttit r- w -rm "' THE SCRANTON TRIBUNE-WEDNESDAY, AUGUST 0, 1899. 8 pigTSBn prices AND OUR PANICS WIDESPREAD TROUBLE I'OL LOWS ADVANCES IN PRICES. Singular Connection Exists Between tho Price of Pig lion and the Financial Panics That Have Caused Such Havoc In tho Business Woild. Stops Flow of Prosperity Ito cently the Price Had Doubled and Another Disturbance of the Busi ness World May Be Expected. A Milking argument by Oconto II. Hull to show that our dlsustrom finan cial pnnlcs arc pilnclpally ilue to ad vances In the pi Ice of pig lion, ban it traded considerable attention in the past few weeks and In spite of the many thoorWs set up In itrs pnst to nccoitnt for thrsek porlodlenl business depressions, such Is the foice oC Mr. Hull's teasonltift that litndly any one has entuied sciiously to dispute ills conclusions. Most papeis which do not accept all that Mr, Hull says apce, like the Npw Yotk Journal of Coni nicrce, that een If the advances In lion prices ate not the dlicct tatise of "hard times," they ate at least winn ing signals of dungei ahead. The stent impottantc of this utgu ment and of Its practical acceptance 1 flnauel.il thlnken. lies in the fact that exnetly such an advance In the juice of pis lion as Mi Hull fears lias jiiht taken place, lion which was sell ing at ?6 a ton not long ago now sell ing at $12 If his lew Is col i ect. therc foie. wo are on the veige of another Rient buslnrsi depiesslon. Mr. Hull, who writes In the Xoitb .American llelew, logins b showing that tho yeais of financial panics since lti4 hae ln.irlabl. followed advances in the lion prkes. llL'f'IINT ADVAKC'i: IX PltlCi:. "In the ictent enoimous advance in the pilep of plR iiou the people of the Tutted States h.uo another oppoi Util ity of studying the cause of such ad vances and icalizlng the continuing and dlsistrous effect they have upon bu'-lne.ss of all kinds tluoughout the entlie countrj. It Is well known that this advance Is not an unusual occur ence, being only a lepetition of what took -place in 1S:.4, 1S64, 1ST2, 1KS0 and 3&Si. It was not disturbed finances or loss of Confidence which tu.ned the i of prosperity in those years It wes the advance of from 100 to 300 per cent, in the price of pig lion The loss of confidence and disturbed finan ces came months afterwaid and were the effects of tho turn in tho tide Haeh of theso advances and its results were object lessons, fiom which wo might have, learned much If wo had seized the opportunity, while tho cause and its effects were passing befoie us "The advance in 18S9 Is a fact of tin present moment. It Is here, the evi dences of it are eveiy where around us, and If history iepeats Itself the events which follow its culmination will be a vivid and instructive picture." He then draws attention to the al most unlveisal use of lion In the pie I aratlon of food and clothing, In build ing, in a watei, gas and other pipes, In all forms nf tranpoitatlon, and, in deed, In all the machinery nf war and peace. Its use, too, Is glowing l.ipldb "Fifty 3, ears ago 100 pounds were consumed annually In the United States for each of its inhabitants, ten, jeais ago there were 300 pounds for each per son, and today we are consuming lion nt the rate of 400 pound-; yearly for each one of our 73,000 000 Inhabitants. "Whatever lcstrlcts the consumption of Iron limits to that extent the growth of the people in wealth and prosperity " The natuial limit of prosperity comes when every woikei Is emplojed. and such a condition has none of the causes of "hard times" In It. "It is the natural condition," sajs Mr. Hull, "of an Industilous people, It Is, In ef fect, simply the whole people at work." He continues. HARD TO CHKCK 'Nothing short of war, pestilence or famine should check such a condition, and jtt Without nny of these causes It is invailablv checked In this country after a few months' duration. Is it merely a coincidence that this has oe- uned In each case a few months ufti an abnormal advance In the pi Ice of pig iton. or Is thete some connection in . Ivveen the two" Is one the cause aril the other the eflecf This Is at Pm u n due-let us follow It In the eentie of glow th In this count! v iron advance. ft urn Sit to $.'.0 a ton in ISM, from R1 to $7.'. in 1801: fiom $3'. to $Go in 1ST', luim $20 to u: In 1SS0. fiom $'i lo I7 in lsS'i. and Iton which was sold a feu months ago at $6 in Alabama is srll lng at $1" today, with an advancing te- duncy and n visible simply nf but tlx dajs' pioductlon " lion is the chief fuetor In our gieit rl enterprises, and most nf thfin pnv so small n maigln of pioflt that when the pilce of Iton i Ises 100 per cent or luoio these enteipilses have to stor. The end does not come suddenly, for the largo liuveis nf iron carrv suveial months' supply, hence the geneial pub Ik does not connect the ilo In prlne the shutting down seveial months later. The shutdowns soon lneiouee in numbci. however, business slackens, failures Increase and ,i panic is the ultimate icsiilt It Is pi tin that what ever Is ipsponsllile foi stopping great enterpilses and foi the dlschaige of 9&S303&&-a3. . . T "JLots of Light" V eCGGSQCSCr3- . Fill the housowlthclrnr, brilliant whlto light. Thero's no exenso for clingy homes in these days ol our Headlight Water White Oil A, dark houi K&'t liealtbr And poor oil isn't economical. You can bur oar IWadllght Water Whit Oil at tbe iimi prlca ai Inferior oils cheaper than lome. Tell jour dealer to eupplr you with our Ueadltgbt Water White Oil. ATLANTIC REFiNINQ CO. boing uui tamping g V . . A 8f IIsIIsfw) picnlclng, fish- $, Ing or hunting? & If so, you will appreciate the jj necessity of f taking a sup- & "?.r;tc.l ply of the f vonoensess tunic a It h most delicious in CofTec.Tea, W Chocolate and numerous summer drink: Ccrrt for Ecclpe Book. ft CORDCN'S CONDENSED MILK CO., NX W .Sr5S3SOjDj:33p33SE)eSSD85Bj52lS the men employed is responsible for the pinle Mi. Hull, to nnsvvei those who think there ma be some other cause, asl:s. "if It Is not lion, what Is it? There is no othei at tide of importance vvhlt h is subject to such a condition of In adequate Fiipply or excessive advance In pi lee. It Is piofltable to carry lum ber foi seasoning purposes, hence ve have a stock of two or thtce yeais' pro duction piled up In every town, city and village, cxtr.ioidlnaiv demands can be made on this stock without In ordinate advances in mice. SOMi: COMPARISONS MADE. "The output of In Uk and stone can be increased quickly to meet any de mand by increasing: tho foice in tho brickyards and stone ciuairles; build ings can be put up today, exclusive of the lion used, at an advance of ." to 10 per cent. It is not food or clothlnc, there is no meat advance In anv of these articles. Pass In review- every other article and jou find no such fam ine and famine prices as take place in pig Iron fiom time to time. Tbe more it is studied the moie one will be im pressed with the conviction thai the unnatural ptice attained by Iron Is the cause which puts a stop to our natuial flow of prospcilt) "liveij Rieat staple except Iron Is either entiled In large quantities ot its output can be Inct eased to anv desitod degree at short notice, consequently we have no famine or famine price In the other staples. The aveiage stock of iron can led in the United States dining the last ten years has been less than twentj-tlme days' pioduct, and it takes practically a year to build new furnaces What wonder, then, that as the books of consume! s fill up with or deis for months ahead they become alarmed about the supply of Iron, and In tbe set amble that each one makes to get enough to supply his individual wants the price is curled to enoimous flumes " The only remedy for the dlsastious advances in price. Mi, Hull arctues Is to caiiv an ample supply. The Iton men of the countiy are now la-i' Ing under the delusion, It seems, that a twenty-three dajs' stock of iron is ovorpioductlon and, indeed a score of offoits have been made within twenty jeais to lesttkt the output Ml. Hull confesses that in 1SS4 lie was himself at the head of one of these unwise at tempts. How- to earn an ample supply of Iron, then, becomes the problem The solution, accoidlng to Mr. Hull, lies in dealing in iion upon the exchanges and be argues fiom the example of other pmduets to show- that tho great fluctuations in price would thus be stopped A WAY OUT OU Tim TROUBLE "At one time there was no profit able system for earrjlng laigo stocks of grain, cotton, mineral, oil, etc., and during that time thete aitlclea were subject to enormous fluctuations In price. Means of storage existed, but even then the carriage was attended by less ot the cost of storage and in terest, and the price of these at tides was Inordinately low nt the time of haivest Later on certificates repre senting these articles came to be dealt in on exchange as the dealings in those ceitlflcates grew to be large this eairiago thiougli modem ex change methods, becune piofltnble, and tbe extieme fluctuations in pi Ice weie ellmlnlated The most pi enounc ed instance of this change Is found In tbe price of mineial oil, which fluctuated dining the nine jears be fore It was dealt In on exchange from r.'J e-nts to S7 per ban el at the wells, as against a fluctuation of from (H cent to $1 or. during tbe nine years nfte- it wa dealt In on exchange The laigest tock cairled dm Ing the flrft peiiod ot nine ears was .iOO.OOO bairels the aveiage stock, aftc it was dealt in on exchanges, wes P.6,000, nno ban el" In other Avoids, liefoie exchange-dealing existed p. stock of WO, fiOO burels canled the pi Ice down to r: cents, after exchange Healings weie inaugurated a stock seventv-two times ns large was easily carried, with fit cents as the lowest pi ice reached f'ould theie be a stronger Illustration of the beneficial ctfect of exchango dealings" "A three weeks' stock of pig Iron In the United States during dull times can led pilccn below the cost of pro Auction With active dealing In pig lion on exchuiges n six months' stock could be easily can led without forcing pi ices to ns low a point" Scotland nffoids an example. Pin lion lias been dealt In m the ex changes there for fifty yeais or moie. Mr Hull says WHAT IS DONi: IN SCOTLAND Foi thirty years out of the last fifty the stock can led In Scotland by ox change dealing alone has amounted to inor" than six months' production, and at one time for five years In succes sion the stock amounted to more than twelve months' .production. "A ioiccd sale of 20,000 tons In tho United States during the last twenty yeais under noimal conditions would have caused a, decline In ptlce ot from 2.1 to GO cents a ton- the same amount forced off on tho Glasgow exchange would hovo caused n decline uf per haps a half-penny On tbe occasion of a very depiessed maiket within the last three years a forced sale of 10,000 tons In tbe 1'nltert States caused u de cllno of $2 a ton. 30.000 tons were sold on the Scotch exchange at the same time at a decline of one penny and half per ton. "In this nge an ample supply of lion nnd stability In Its pi Ice are second in Impoitancc only tp a stablo govern ment Wo inny avoid the dlsasteis ie suiting from a scniclty of money in times of an extraordinary demand by Inaucuratlirft u, flexible currency sys- ift JK & hi. tern, but wc cannot build flexible; furnaces." MST Ol- UNCLAIMED LETTERS. Thoy Can Bo Obtained nt the Scran ton Post Office. List of letters remaining uncalled for ut the Scianton post ofllce, Lack awanna county, Pa., Aug. !', 1S90. Per sons calling for these letters vylll please say advertised and give date of list. Hzra H. Ripple, postmaster: ' Howard Andtcvvs, Melton Armstrong. Miss Lena Ilioglintitmer ('), Miss Llzzlo Hro.it, Mrs 13 .1. Hrader, Kundrak IJi.sk, Mrs !' 1) 1 nickley. K 11. Harrott. MIfs Louie Cook. Mrs Oeorgo Coon, Miss Iiubv Leslie Crawford, Miss lbnma Carman, tieoigo W. Cole, Jr, Charles K, Coon lleorBO O. Dnv Is. llarrv IMwards, Rots IMwards. William I'tiv. Clii'tendoifer Uros Mrs .1. Uarvej, O S. Heller, Uaniilo Ilnrt. Mrs George 1 1.n p . J U .ludd, Archie Jones, Jorge Johnson, Richard Jones. Kurschctt Maiiiifactuilng company. Mls Maggie Kane, Ml-s May C Ken ned, lienrj KenriiH. Ibigene K Lvncli, Arlington IJ LIUs, William Lowly Second Lieutenant Milton Me Council, O CI ilr Marshall "spetlni, ' Miss Annie Mullahrv, Krnest Mlllei, caie of S Dn- pel, Mis Llrzle Mnhr, Peicv Martin, Mary June Morris. Miss 11 McMuhnn Mrs Phil McMamis, William H. McNeill, Wllllim McCnrmlck. Sarili J O'MoniKll. John J. O Mallcy, C T 0lorn. Miss Delia Phllblii Dnv Id Riilmrds W. U. Rempe, Miss Mvrlle Ransom. Mlvs Ccllu Htumpor. J D Schurni, 11 P Slmonds, Mis, y, 4, Stephens, Iletth Stanton Marie Titian Mrs K H Van lnke Mrs Ocorge N Weaver, Thomas L Williams, A J Wlckwlre. Italian Ctiello Caporall, Antonio Gl ampn. Polish Jurof Rnkiuokas (J) P T.imo wlcz. Adam Sedllcltl, Mclchlor Kni.lkos wozkv, Anton! Szowskl Jnkub Rutkow sky, Jo7ef Pletisvskl, John Stanalt Praii i Isek Monrennskl, Joseph Arzulalfes J I R Rvman, Frank Rldorcwlcz, .Tuorzul Mellanckul Ancll Stikullcs. .1 J. Szczep J J Lzc7span"nkl llimgarl'in Tullgan Olechua. Paul Ur b in. Mlchll Mi lln.iiiskas Jolnn Kis 7bMieh, Audio Merc, Chah Vnrdo, Jur Kovle, Johan Ncclstak Jan Trjbuta, Rnrka .laklca, Uymlesjka Petkcwli 4 Be Strong in the Battle of Life, tt Happy is the person thor oughly prepared, by perfect good health, to win life's battle. This condition comes only with absolutely pure blood. Over 90 per cent, of humanity are troubled with a taint, impurity or humor of some kind in the blood, which should be removed by Hood's Sarsaparilla, the best specific for both sexes and all ages. A Good Tonic "On general prin ciples I have taken Hood's Sarsaparilla. as a needed spring tonic. It is a most excellent medicate." Hakon Hammer, Engineer, Totfsi&wn, Pa $Otfy $atiaf)Viiflq Hood s Hits cure liver UK the non Irritating and only cathartic to take with Hood' Sartaimillljt. Of ISp RMisI Sale Nou) 0d Special f Banister Shoe, and is a great bar gain. Take advantage of this offer at once, as this line is lim ited to less than one hundred pairs. Remember, our August Sale offers bargains in every depart ment. If we have your size you cau save from $1.00 to $1.50 a pair on standard shoes. Our bargain tables are Shoes at 50c., ( JtrJ iPffjntnrM Cor. Lack and Wyoming Avenues, Scran on Pa, TOW BOAT SINKS. Four Hundred Excursionists on Barges Are Kept Prisoners. Paducnh, Ky , Aug. 8. The tow boat Iowa, of Henderson, sank in the Ohio below Unlontown today with 400 col ored excursionists on her barges en routo to Paducnh to attend a celebra tion. She stiuck a snnff and went down tapldly, four feet of water belliff over her guagc when she settled No lives were lost, but the excursion ists hnd no steamer to brine them to the city. They lemalned on the barges the greater part of the day. NINE CAItS IN A DITCH. Engineer and Elreman Scalded to Death Passengers Injured. Los llanos, Cnla., Aug 8 Tho south bound Los Angeles express left the tiock last night Just south of Dos Pnlos throwing the engine aud nine curs Into a ditch. Engineer Con ' Ford nnd Tireman Wood were scalded to death Mrc. J. S Nlzwonger, of Fresno, nnd 11 Mo ser, San Dlet;o, weie seriously In jured. Several otheis were slightly Iniuied. Bmk tho hinds thoroughly, on retiring, In a hot lather of Coticora Soap, tlio most cfTrctlv o skin purlf yine soip, as well as purest ami sweetest for toilet, hath, ami nursery. Dry, anoint freely with Cpticbra Ointment, thngrc-it skin euro and purest ot emollient. Wcirolil plov o Murine night Tor sore. hands, Itching, burning palms anil pilnful linger ends, this one niqht treatment is wonderful. oMthrmnthoutth-wnMt l"oTTin n kd P.Cnitp, Trope . Uoiton " llotr to hiro Ilciulltu lUtndi." free. THIRD NATIONAL Bi OF SCRANTON. Special Attention Given to lhisi ncss and Personal Accounts. Liberal Accommodations Ii tcntled According to 1$ ihiiKes and Responsibility. :$ Per Cent. Interest Allowed on Interest Deposits. Capital, Surplus $200,000 425,000 WM. CONNELL, President. HENRY BELIN, Jr., Vke-Prci. WILLIAM II. PECK, Cashier The vault of this bank is pro tected by Holmes' Llectrlc Pro tective System. This We place on sale this week about ioo pairs ot Gentlemen's Russet Cloth Top Shoes, in all sizes and widths. We desire to clear out all of these goods aud have marked, every pair at $2.95 The grades are all Banister's Shoes, and formerly sold for $5 the pair. The price we sell them at is the lowest ever asked for a 1 Ml, especially attractive. 75c. and $1.00. Hefty 'mt pnnomjami SCRANTON'S SHOPPING CENTER. Come with Confidence When we invite you to this store, it is not with any thought of an opportunity to divest you of your dollars. We admit we want to sell you goods, but we do not force you into buying anything and what you buy of your own free will is invariably worth all that you pay for it. Our stocks are uni formly good therefore you can come with confidence for any thing you may need. Plums Ready for the Picking August brings a bountiful harvest. T he summer season has been a wonderfully good one with us, and as a natural result of the big selling many small lots of really good things remain to be sold. These shall not stand on the order of their going, but They Shall Go at Once fit fh? Littlest Prices We Knou) flou) lo Mak?. You know what, our stocks are. You know how very moderate our regular prices are. Now imagine these goods on sale at just about half their regular selling price. That's the August programme. Things at half price and often less. x You Are Invited to the Harvest. I rAsk for the August Queen. CONNOLLY It Ins bppn said that "thn nay te. a man's heart Is tht ough Ills stomach" and It is a fact that bicad made or U White" Flour Is so wholesome and sweet tastlnB that rmn a man's heart Is so w iimm after eating it that he pi.itses his wife'-, cooklni; all tho rest of tho da j. All grocers sell it. "We only wholesale It " THE WESTON MILL CO. Scranton, Carbondale, Olyphant. TAKE TIME BY THE FONELOCK." W Wml H-H1FJ Ca? load JU3t arrived. All styles, and prices the lowest. "Workmanship guaranteed ev i on THE CHEAPER GRADES. Keep us In mind and you won't re gret giving us your patronage you will get goods a3 represented giving you our easy terms of payment or very lowest prices for cash. Immense stock of Household Goods Stoves, Carpets. Iron Beds. etc. Fl'. J largo floors full to the celling at Thos. Kelly's Storn, Frl2rcaA&,, ! iUHunf At Retail. Coal of the best quality for tlomcstlo use and ot all Rlzeti. Including IluckwlKMt and Illrilbojo. ilellcrcd In uny purl of tho city, nt tho lowest price Ordeis received ut thn ofllce, Oonnnll hulldlng Unom SOG. telephone No 1702. or nt tho mine, telephone No Hi, will ho promptly nttended to Uculeri supplied nt tho mine. i HI PLEflSftNT CflfIL CO Tho Dickson Miuiiiractiirlii;,' Co. l-cratitannnrt VllUo.ltrrra, r. Muniirucureri ot LOCOMOTIVES, STATIONARV ENOINCS Rollers, Hoisting; and Pumplnc Alachlnery. Qencral omce, Scranton, Pa. iand k is a yois iif & WALLACE, Art in Wall Come in and WILLIAMS &. M'ANULTY. 129 Wyoming Avenue, t linis eer rewery Manufacturers or OLD STOCK P8LSPIE ffil0 455yilllOllD!PJ Telephon: Cull. 2!.M DR.DENSTE 3H Spruci S:. Temple Court MiJlnj, Scranto j, Pa. 4fW All acute and chronic diseases of men, women nnd chlldien CHltONIC", NHltV Ol'S, HHAIN AND WAbTINU DISKA8 i:S A Bl'UCIAIl'y All diseases of ths l.lcr, Kldnejb. lllacldei Skin, Hlooil. Neres. Womb. Ee, Uur, Note Tin oat and Lung. Cnnceri. Tumours. IMIis nunturo tlolfe, rtlieumntlsm, Asthma, Cdt-iirli, Vnilocncelc Lost MdnhroU Nlclitly Amissions all Temalo Dlseanesi, l.vucorihopii "" Qonorilica, Syphlllb. r.lood I'olktiii, Indiscretion nnd southful habltR obliterated. Surgco Kits. I3pl lppsy Tupo nnd Hioiniicli Womm CA TAKUHOXON13. Speclllo for Catarrh Tlueo months' treatment only J5 00 Trill free In office Consultation, und exami nations free Ofllco hours dall und Sunday. 8 a. m. to 9 p in. DR. DENSTEN WfrtU? W - wan act 127 and 129 WASHINGTON AVENUE Paper Ever think that it don't cost any more to have au artistic paper on your wall tliat har monizes with your other fur nishings than nondescript pat terns in which there is neither beaiUy of design or coloring. We are showing the largest line of Imported aud Domastic Pa pers ever displayed in Scranton. As large jobbers of Wall Paper we are in a position to secure the choicest designs from the leading mills for our retail trade Talk It Over. 'iEEHUli;!!DI!Bilt91UBBIItlIBi;iSIIII!J Ma m i. 5 That we are the agents in a K this city (or the 3 la Whith is today. s it al- a iS ways has been, .1 "top notch- a j 5 er," should be pleased to have is vou call S 1 FL0REY & BROOKS S in Washington Avenu! 3 C Opposite Cojrt Mouse j rjisauiHtuniiiiUHmiiiiniiiiiiiHiiii: THE Rooms i aiul2,Com'Mi B'lM'g. SCRANTON, PA. H in ing and Blasting POWDER M do nt Mooilounil Ilmh ata Worm LAI-LIN & HAM) iOWI)CR CO 'S ORANGE GUN POWDER LI etrlo llilterle KleciloKxplodsr. lorexploilnw bhuu, smfety I'moaait Rspauno Cheoi'dl Go's uxp"!SYvbs Don For
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