The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1890-05-08
COMMERCIAL.
Tap CONDITION OF BUSINESS
The Labor Troubles Promiss to Be Pro-
longed and Serious.

r. @. Dun & Co.'S Weekly Rerie,o of Trdde
says: Prospects ofsilver legislation having
become less distinct, some of the speculative
markets have reacted from the recent al.
vance. At the same time the outlook for
industries and legitimate trade is distinctly
less favorable, owing 10 the damage to wheat
and cotton and labor disturbance
The accounts Of injury to winter wheat
grow more definite and foreshadows lower
official report than that of last month. A
special cotton report from Memphis indi.
Gates planting = per cent. against 50 pei
cent at this time last year Unfavorable
weather in 33' out Of COS returns show ma.
terial injury from too much rain and exten.
siyen loss from floods. Galveston crop re-
ports are also gloomy because of too much
rain, and st. Louis reports unfavorable
weather, while the markets at Chicago have
been much influenced by information Of
injury TO wheat From st. Paul, Omaha
and Milwaukee reports of the outlook are
more favorable, but short crops Of winter
wheat and Of cotton would be felt in all
trades next fall.
1t is most encouraging that the labor dem
onstrations have thus far led to no violence,
aud in a number Of cities the desire Of EN-.
ploycrs to avoid strikes has caused full ol
partial concessions These have plainly en-.
couraged strikers elsewhere to insist upon
demands which employers say it is not pos
sble to concede 50 that there is more pros
rect Of prolonged and serious controversy
than there was "a week ago. As yet the mar
kets for materials have not been much affect.
ed, though sales Of lumber are restricted in
some cities. But it /. perceived that success.
of the movement is certain to increase tie
cost Of production IN many departments the
prices of many upCcssa-iCs and the rents Of
buildings; a change which wiz not conduce
to business activity. Higher wage, would at
least enable WORKERS to purchase more free
ly, but smaller production and larger rents
will not have that tendency. The immcdi.
ate prospect is that many industries may be
to some extent disturbed for weeks to come.
The general average Of prices is nearly
per cent. lower than week ago notwith.
standing rise of 3 =. cents in wheat due to
reports Of injury.
The reports from all other cities are gei
orally favorable rs to the volume Of busi-
ne.s and bank cearings show an increase
over last year Of 10 per cent. At Boston
wool is stronger on some grades that are
scarce and a better demand is seen, sales
reaching 20 90 pound, and yet no inns
proyement whatever is detected in the mar
kct for goods there or here.
Difficulties in the clothing trade do not
aba'e and apprehension Of more failures
causes uncaSine,s in this and other cities.
Money has not been disturbed this week,
holding steadily at per cent on call here
easier at Philadelphia and in fair supply at
other cities at the rates there usual. There
i much les complaint OF slow collections
throughout the Northwest but considerable
in some lines at Philadelphip, Boston aud
New York. Good crops aud large sales Of
farm products have male things compare.
lively easy at the West but the effects of
two successive o. en- winters are felt in East.
ern markets.