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In Trade Circles

In Trade Circles image
Parent Issue
Day
26
Month
April
Year
1894
Copyright
Public Domain
OCR Text

New Vork, April ai.- R. G. Dun & Co. 's weekly report says: "New orders for future dlstribution are still materially restricted by uneertainty about action at Wusliinmon and about the extent and outoome of labor difflculties. Most of the recovery realized in business has been made possible by the consent of workers to accept lower wages for a time, and if they inbist on restoration of wages before consumption has restored prices many works must stop. The great strike threatened by bituminous coal miners, and strikes of assoolated employés on some railroads, make the future less hopeful. Exports of gold had some influence, and coutinuing loss ia earnings some. "The failures of the last week have been j somewhat more important than usual and were 219 in the United States, against 186 last year, and 45 in Canada, aguinst 22 last year. For the first half of April liabllittes reportad have been S4.168.416. of which Í2,O82,553 were of manufacturing and H, 904, 367 of trading con ceras." Bradstreet's says: "Wilh the fxieption of prospect fora stlll j further extensión of strikes and other labor j disturbances, no plainly retardlng influeuce Is manifei-ting itself. So far as learned there are about twenty-three additional strikes, involving 21.000 people. Thig brlngs the total number of those now on strike or idle beoause of strikes up to 60,U00. The week also furnishes eleven shut-downs of important industrial establishment, more than offset by resumptions at thirty-two others, which furnish employment u 6,000 opera tives, although seven important establishment announced reductlon of wages. The heralded annouucement that 200,000 coal miners will strike has occasloned uneasinoss among manufacturera at many central and western clties on-me to the prospectiva Hcarcity of fuel. Citles along the line of the j Great Northern railroad, which road is now at ; a standstul because of a strike of employés, i are nnding their reduoed volumes of business stlll further curtailed, and at Chicago labor troubles serlously affect the building trades. "Cinoinnati, Loulsville, Duluth, Minneapolls and St Paul report hardly as favorable trade oondltions as in the preceding week. The first two announce that business is duller, while in the northwest the ratlway strike and wet weather are in part responsible. On the other hand, Cleveland, Detroit, Milwaukee and Kansas City announce considerable Improvement in the jobbing demand and in several instances among manufucturlng industries. At Omaha trade is cnecked, due lo the revival of farm work following the good rains throughout Nebraska, which was to be expected. No material change is reportd f rom Chicago or from St. L.ouis, the volume of business in staple Unes being about an average. A fair summer's trade ís antlcipated."

Article

Subjects
Old News
Ann Arbor Register