Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1889-06-15
BUSINESS IN GENERAL.
The Far. Reaching Effects Of tho Jehns-
town Calamity-A Sudden Demand
for Supplies, at Advancing Rates

r. G.. Dun & Co.'S Review Of
Trade for the week ending June 8,
1889, says: "The calamity at Johns
town has touched all hearts, and seri.
ously interrupted business at many
points. Other disasters by food in
Pennsylvania, Maryland, New York
aud the Virginias, have involved
enormous loss of property, interrupted
traffic even more than the blizzard OF
last year, and entirely changed the
situation in the Eastern lumber trade,
the coal, iron and steel trades. Pro-
ducing companies of the FIRST import.
ance have suddenly ceased opera
tons, and their orders must be filed
by others or delayed. The flooding
of many coal mines cuss off supplies
of fuel for many manufacturing works,
and the stoppage ofthe Cambria mills
and furnaces, which produced yearly
over 100000 tons of iron in various
forms, will affect the trade for some
time. The destruction of more than
40 bridges, about half of them on the
Pennsylvania railroad, besides many
locomotives, cars, and miles Of track,
creates a sudden demand which is
felt in all iron and steel markets.
Vast quantities OF lumber have been
swept away, and thousands OF houses
and other buildings must be quickly
replaced, with vast quantity Of sup
plies and stores.
at is impossible as yet to estimate
the effects in various branches OF
trade, but the demand for many
kinds of iron and steel products is
already felt in 6rmer tone and ad.
vancing prices. Pig iron. however,
does not change as yet, the produc.
ton previous to the disaster having
been much in excess of consumption,
and while some producing capacity is
cut of, quite as much of the consum.
ing capacity is also stopped by the
destruction of manufacturing estab.
lishments or their cessation for lack
of fuel.
"Wheat and oil have been lower
but in other speculative markets the
general tendency has been towarc
higher prices. A limited foreign de-
mand and the pressure of aocumu
lated stocks depress wheat fraction
: and -four 10 cents per barrel, bu
!, earn is about half-a cent stronger
Cotton has advanced y sixteenth, bu
: the annual statement of acreage ane
/. condition by The Financial Chronicle
. indicates an increase Of 3 per cent. il
acreage to 10000, 900, and a bette
condition than a year ago. Coffee
a quarter stronger, but the market
q dull, because consumers prefer t
wait. Sugar has been advanced
n quarter, and the statistical position
q considered strong, but the growth {
J. demand for consumption is as ye
d only anticipated. Some grades {
" leather are little stronger, and cor
% fldence in the boot and shoe outloo
J.. is undated. In dry goods, trade
o fair for the time of year, though prin
hardly equal expectations as
e volume of business, and print clotl
n sell at 81 cents for 64s. The new d.
" mand for woolens is light, but there
n a firmer feeling, and an advance
- price is expected. Flannels are Sc
5. ling fairly'at about auction prices.
v "The reports from the interior sho
a full volume of trade in progress
except where disasters have int
rupted. In those localities busine
y is Frustrated, and many individu
" losses will call for the indulgence
~ creditors. Elsewhere, collections a
iS on the whole rather dull; decided
A. backward at Milwaukee owing to b.
90 weather, though that has now il
ae proved, and but moderate at NJ
at Orleans. The money markets are
or we'll supplied and easy, with acti
re demand at Cleveland and Detrc
and an improvement at Boston, b
in general the demand is but INC
crate, The white lie
TO- trust appears to have been complet
by the purchase of two St. l-o
concerns. Tin has been weaker