People's Pilot, Volume 3, Number 47, Rensselaer, Jasper County, 11 May 1894 — A LOSS SHOWN. [ARTICLE]

A LOSS SHOWN.

Decrease In the Volume of Trade Attributed to Strikes. New Yoke, May s. —Bradstreet’s review of trade says: “The movement of general merchandise throughout the country Is smaller In volume. Spring trade Is finished, and orders for fall delivery are, with few exceptions, not meeting expectations Jobbers in leading linos at almost all larger cities report sales almost without exception as of a hand-to-mouth description. The extension of the coal and coke strike, accompanied by riots at Cleveland and Mesaba, has emphasized the depression. The industrial situation, therefore, has not improved. Strikes of iron ore miners, among the building trades, with an extension of the coal miners' strike and the almost total cessation of operations in the coke regions, have swelled the total number of Idle industrial workers to fully 215,000. Shut-downs of industrial concerns, de-' pendent on coke or soft coal for fuel, are Increasing, notwithstanding an attempt of coal operatives and operators to get together to arrange a basis of settlement. Corn, oats, cotton, coffee and refined sugar are all lower, and wool and some varieties of woolens and cotton goods heavy, with a marked tendency of quotations to weaken. Wheatscored its fifth or sixth lowest price on record during the crop year, 6U>4 cents at New York. A relatively favorable Industrial report oomes from Detroit, where there are lewer unemployed. Another contrast is seen in New England shoe factories running on short time, while at St Lonis four months’ shipments are in excess of last year. Transactions in wool have slackened and prices of some grades are weaker. San Francisco telegrams report a reviving general trade, now that much less damage is known to have been done to California wheat than was previously asserted. Exceptionally .favorably crop reports are received from Nebraska.” K. G. Dun & Co. in their weekly review of trade, say: "The most encouraging sign is the marked decrease in liabilities of firms failing, wfitch were only 31,448.144 for the last week of April, and for four weeks 58,722,708, of which *3,722,220 were of manufacturing and 34,644,267 of trading concerns. The amount of liabilities at the south was 32,919,419, against 33,111,032 in eastern and 52,692,257 in western states. The failures this week have been 233 in the United States, against 216 last year, and thirty-five in Canada, against twentyseven last year.”