The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-03-25
WEEKLY TRADE REVIEW.
BUSINESS IN ALL B2ANCHES
UNSETTLED BY STRIKES.
Active Demand for Textile Fabrics
An Abundance Of Orders
at Good Prices.
IsrEorAL TO TEE APPELL.l

PHILADELPHIA, Pa, March "A
Business in every branch from bank
ing down to pig iron making has been
unse tiled somewhat by the strikes and
labor agilalions, and even at this hour
there is some little uncertainty a to
the outcome. The railroad managers
have been apprehensive that the
Southwestern strike might spread east
of the Mississippi, aad have counseled
the mar ayers there to prevent 1t. The |
non aud steel manufacturers are on |
the eve Of the heaviest spring and
summer trade they have had fjr four
years, and have been comparatively
fee from strikes and labor troubles.
The textile manufacturers have all adj
vanced wages from five to fifteen per
cent. and have come down to one a d
two weeks pay where pays were
monthly, and having made peace WITH
their Workmen are moving f1rward
into the epriD & and summer trade with
abundance OF orders and are reallz'n g
good prices. Textile products will
sell remarkably well this year, aud
nearly all establishments are well sold
up, from one to four months. Carpets
OF all kinds are moving with wonder
full activty. Hosiery mills continue
to work over time. The clcth houses
are doing an active trade for both
spring and summer, and every branch
OF the vast textile industry IS In
prosperous condition. The only
drawback is that importers are count
| ing upon having an increase in imports
of dress goods, silks ard notions be-
cause CT the increased cost OF Amerl-
can textile products, due to the adj
vance named. Within three or Tour
dsys past the largest New York and
Philadelphia importers have cabled
abr Dad the largest orders ever given
this season, and for immediate
shipment. Consumers Of steel are
pursuing the same course, and 1t is
possible that this offsetting influence
may be more serious and detrimental
than is now apparent.
II is probable that in two weeks
three. fourths OF the existing labor
sgitst ons will be at an end. Arbitra'
ton is being generally accepted, but
spirit Of opposition is being developed
among a great many employers be
cause OF the unexpected strength de
yeloped by labor combinations.
The twenty odd thousand bitumin
Gus miners on a strike expect to be a
work in ten days or two weeks a, thu
advance asked. The 10000 anthracite
: miners are restless under the Low
prices OF anthracite in all markets, bu
. will not strike until assured that TIT
prices OF coal will allow it.
All of the leading industries are il
q vigorous condition, although no les
! business is being done than antlcl
pated. The boot and shoe manufaCt
urers of the New Eoglsnd States ant
Philadelphia report business dull
, Wool has declined in price, unds
heavy receipts from abroad. Stee
> rails are about to advance fiom $50 t
S36, and when Congress a1journs the
will advance further.
The latest advices from Michigan
= and Georgia show that an enormOu
: amount of white and yellow pine wi
a be thrown into the market during tn
= coming season. Large consumers ar
= refusing TO place orders at present, b'
y lieying that the production OF tn
. mills will result in depression, G
= prices Of 90 cents per 1910. n gref
y deal OF saw-mill capacity has bee
= erected within the pasttwelvemonth
and extensive timber purchases al
being made with view OF iInmed
!, ate development along the Atlant
J coast and i'm the Northwestern State
u All these and some other causes al
creating an impression that white an
yellow pine, hemlock, oak, walnut an
:. the bard woods generally will rule
o little lower.