The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1886-11-25
CAPITAL AND LABOR.
INDUSTRIAL AND TRADE MOVE
MENTS-NEWS FROM ALL
QUARTERS.

-
QUARTERS.
From our Special Correspondent
CHICAGO, November 17.-Before the
opening of spring there will be between
twenty and thirty new national organiza-
tions formed, representing as many differ
ent lines of industry throughout the
United States. This national organization
of labor by individual crafts is one of the
departures inaugurated at the last two
conventions of the Knights of Labor.
This departure has the deepest signif-
cance Each craft will attend to its own
affairs and perfect plans and establish
rules for their own separate craft, but all
will be subordinate to the general assem-
bly,.
During the past few days important
meetings of employers of labor have been
projected for the future calling together
of employers for the purpose of organi-
cation for mutual protective purposes.
The combination of labor has become so
powerful that employers feel no more
time is to be lost, and many industries
will be organized before the first of Janu-
airy. The objective point is not to antag-
onize labor, but to put themselves in a
evenly with labor organizations
The events of the past week or ten days
have shown that there is strong upward
tendency of material, crude and finished;
and that unless something intervenes to
arrest this tendency it will take shape be-
fore the holidays. The great body of
manufacturers and business men would
prefer to see no speculative advance in
goods for many reasons. 1t is not certain
that the advance now threatened will
ieopardize the healthy tone of the various
markets, but the possibilities of such a
result are attracting the attention of man
ufac urers, jobbers and business men gen.
orally.
During the past few days projects for
the construction of between seven and
eight thousand miles of railroad have
been made public. The demand for these
new roads, if presented this winter, as
they probably will be, will have the effect
of crowding prices up to higher limit,
and of stimulating industry In every
branch. Railroad building will be under
taken next year on scale of unprece-
dented magnitude. Nearly all the leading
railroads throughout the country have
been gaining in strength, and competi-
tive spirit is now developing itself, which
will result in the heavy investments for
.he purpose of railway extension.
The trade conditions are improving
even at this late day. The consump-
tive requirements of the country are SO
heavy that accumulations of stock are
found to be difficult. Inquiries from all
quarters of the country show that buyers,
.kx.1
builders, projectors and investors are
confdens of continuance of the vlgor-
ous trade and manufacturing conditions
that have existed since the LIST of Sep
TENDER.
The latest reports from the leading
iron and steel centres show an influx OF
inquiries for materials of all kinds.
0ur news from New England manufact-
nrino centres show liberal supply of Or
ders for boots and shoes, cloth for winter
and spring use, and for manufacturing
nrodncts of hundred varieties. Inc
New England manufacturers are prepar
;no tn increase their manufacturing ca
nacities both by steam and water power
and already contracts have been placed
with builders of engines and machinery fol
the increase of steam power. This Is es
necially true in the larger mills.
The I,vnn manufacturers have invited
oil the K. of l.. assemblies In their dis
trict to conference this week. Inc III
vitation includes stitchers, cutters eog1
makers and heaters out. Dlstrlct "
of L. and the shoe manufacturers OF Nc"
York are holding a seven TO seven oon
foroncs with view of arbitrating on
scoIe of wages for the coming season
The manufacturers in several sections o
the country are contemplating this course
rotber than be dragged or driven. I'M
Kniobts of Labor meet the proposition
Nth oneness. The district executlv
members of the Knights of Labor OF TN
Wobum district, Mass, held conferenc
at Boston last Thursday to see II scrlA'
can he avoided. One or two OF the urn
are erecting houses for the accommoua
ton of their employees. L..
THE negro Knights of Labor are try
;ng IN realize something out of their con
nection with the order. In parts o
Arkansas and Texas they are asking 500
na- dav for picking cotton. THESE ar
rorv extreme rates, but the planters nav
no immediate prospects for reiiet.
Some scientific people IN St' LOUIS al
recommending manufacturers W in
wells from 1900 to 1000 feet TOT nalula
gas. Four thousand acres OF land SlxteeI
miles from East St. Louis nave pee
Iaased and operations will be commence
81 once. If natural gas cannot be toun
tvo or three firms will probably move lnt
the Ohio gas fields ohosod
Some Chicago men have 'purchase,u:
million acres of land on the western ned -. In
of New Mexico and will put 4o'oV ~, ne 4.
of cattle there in few months. Inc IL