Savannah morning news. [volume] (Savannah) 1868-1887, 1886-03-16
TRADES Pulse.
Effect OF the Recent Advances in Wages
and the Price of n AteriaIs.

ana the friC~ OF u hteEiAAss
PHILADELPHIA, March l5.-Within ten
days past orders have gone out from
American steel buyers 10 English steel
makers for the immediate shipment Of be-
tween 10000 and 5000 tons Of special
steel, which can be made aud delivered 10
American markets at from s. 80 70 81 per
ton less than the prices At which Ameri-
can steel can be made. This is due to the
increased cost Of labor and material. 1t
is apprehended that during the next three
months large quantities Of English steel
will be imported to the detriment OF
American makers.
EFFECT OF THE ADVANCE.
The general advance IN the price OF ma
terial and labor has had the effect OF
checking a good deal OF business during
the past week, and Of inducing manuiac-
turers, jobbers and retailers to postpone
the placing Of great many large con-
tracts for all kinds Of manufactured pro-
ducts. Should this tendency extend TO
extreme limits IL would naturally create
a reaction, by the checking Of enterprise
and result In disem lOyment OF labor,
with a decline in its price.
NAIL MAKERS.
CLANCY mountains are quite jubilant over
the prospects OF heavy demand tor nails,
because Of the announced determination
OF the Western makers to continue the
strike all summer.
In a general way. the manufacturing
situation is as satisfactory as it has been
at any time this year, although during
the past week the demand has cOnsidera-
bly, fallen of at Boston, New York, Phila-
& dniphfa ffnpfnpah and ~
Louis.
BIG DEMAND FOR CARPETS.
/ During the past two weeks the manu-
! facturers Of carpets. hosiery, clothing and
/ gInghams, in this city. have received ad-
vices from their agents to the effect that 2
/ very heavy spring and summer demand
! for all products OF the loom and knitting
machines will be presented. There will
/ be a general advance in textile goods this
4 summer from 10 to 20 per cent. on account
/ OF higher priced wool and labor.
BOOTS AND SHOES.
The boot and shoe manufacturers Of
! Philadelphia and the New England states
complain OF a backward rather than &C
tive demand. But stocks are very low iu
! jobbers' and retailers hands. The job.
| bng trade predict very heavy distrlbu-
tion in April. Large sales OF leather
have been made in Boston, New YORK and
/ Philadelphia. The demand tor foreign
and domestic hides is good, and prices
show no signs of weakening.
COAL COMBINATION.
The anthracite coal combination will be
| attempted in about ten days. Prices are
| ruinouslY low from the companies stand
/ point, but sufficiently high from the con-
/ sumers' Already the production is near
/ ly 100000 ahead Of the production last
| year, nearly all of which have been mar
keted at exceptionally low prices. The
manufacturing and railroad interests OF
| the ten New England and Middle States
are greatly concerned at the threatening
attitude of the twenty odd thousand btu
minous miners either on strike or threat
ening.
POSSIBILITIES OF A SUSPENSION.
| Should there be a suspension il will be
| a general one, backed by the powerful or
/ ganizatiOn of the Knights of Labor, and it
/ may possibly extend to the four rivers,
viz: the MOnongahela, Aleghaney, Ohio
and Kanahwa.
Fortunately for the industrial and com.
mercial interests OF the country. manu-
facturers and business men are practical
ly out of debt. The bulk OF them have
moderate bank accounts. well established
! businesses. and in the case Of the manu-.
facturers, they have orders running from
/ one to four months ahead.
I