The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-05-22
THE COST OF THE STRIKES.
A Direct Loss Since May l of S5,5OO,OOO,
Which Will Be Four Times Multiplied.
a Sensible Improvement in Trade in Some OF
the Smaller Cities-Angry Strikers Hunt
ing Martin Irons-0ther Labor News.
BRADsrREET,s FIGURES.
THE Present Condition of Business-Cost o.
the Eight Hour Movement.

THE Present Condition of Business-Cost OF
the Eicht-Hour Movement.
NEW YORK May 2L-Special kilograms to
Bradstreet's indicate that sensible improve
snent has taken place in general trade at a num-
Der of the smaller interior distributing Cities
compared with last week This is mainly due
TO material Improvement in the labor situation
and to brighter weather Evansville, Indianap-
oils, Peoria, Omaha, New Orleans and San
Francisco are more prominent in announcing
more active demands. At Chicago general trade
is of moderate proportions, not being equal to
expectations At St Louis the movement of
merchandise is reported steadier. but there is no
special change within the week. Cincinnati is
the most conspicuous example of those reporting
an improved trade, in part owing to the prac-
tical cessation of strikes at that point The
prospects are good.
Sugar and rice crops in Louisiana stimulate
inquiry at New Orleans but at Kansas City, in
spite Of an improved wheat and corn outlook in
tributary regions, the volume of business is less
than last week.
The New York stock market, early in the
week was dull. Later there more activity
and IN advancing tendency, due to manipula-
ton Government bonds are quiet, with frac-
tiona advances. Investment securities are in
good demand and firm. Foreign exchange is
dull, but very firm. Money was in good supply
on call at from Ii to q per cent. There is
some Improvement in the demand for funds
at the interior money centers; money is tight
and rates tend upward at Kansas City Inc
country demand for loans at New Orleans
has advanced tho bank rate of discount.
The request for funds at Pittsburg has In
creased, but the supply is plentiful and at Lou
isville there is a noticeable demand for New
York exchange.
There are probably not over $4,000 employees
on strike now, against 125, 900 ten days ago. AT
twenty three industrial centers north of the
Ohio, east of and including St Louis, the loss of
wages through strikes since May has aggre
gated So 900 000 of receipts by employers, 81
800 000 and of future contracts due to proba-
bitv of labor troubles 1924 800 000 Of which
$50 100000 refers to building contracts.
Wheat stifened temporarily after the late de-
preston, on purchases to cover sales and large
sales for export The temper of the larger
Northwestern grain markets has apparently
become more bullish; No. 9 red closed
at &c. against $50 week ago.. Other
grains are dull. Crop news Is very
to sel'sugar in Europe has caused lower prices;
raw is off &c. and refined 1-6c at New Orleans.
Increased consumptive demand for coffee has
temporarily advanced quotations Restricted
demand depresses other grocery staples.
The movement of dry goods from leading dis
tributng centers has improved so far as jobbers
are concerned. Prices OF some makes of sheet
ings at the East have been advanced. Print
cloths, however, are Lice lower. Wool at the
East continues low in price and dull. The out
look for the growing cotton plant is less favor
able, owing to cool weather in Mississippi and
Louisiana, and lack of rain in Texas and Arkan-
sas Petroleum closes at 67ac. against 72ac last
week on new well production. Iron and steel
prices are not as strong as one month ago. To-
bacco at all Western markets is in good demand
for desirable grades. Planting news is favor
abe as regards soil, weather and abundance of
plants