The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1894-07-07
FINANCE And TRADE.
Disastrous Effect of the Strike on
Business Interests.
ADVANCE IN PRICE OF CEREALS.

Wheat, with Increased Crop Prospects, Is
tho Only Exception In the General Ad-
vance-New York City Threatened with
Famine.
NEw YORK, ,July7-Bradstreets weekly
review of trade says: Aside from the in
tervention of a holiday there is sharp
restriction of general trade and industrial
production, due to railway troubles west
of the AlleShepies and north Of the Ohio
river, which extend west and southwest
to the Pacific coast, and make their influ-
ence felt in all other directions. The COM
bined railroad strike and boycott has had
n steadily increasing damaging influence
upon the general industrial situation,
Calculations as to the number of men out
are necessarily not complete, but there is
little doubt that the total number idle as
result Of this railway tie up far exceeds
the outcome of any previous labor trouble
in this country. .'
All cereals except wheat have shown a
decided advance in prices. Pork and lard
are up sharply, as are fruits, vegetables,
meats and other perishable produce. Pig
iron west Is commanding twenty-five cents
more per ton, and cattle, hogs and sheep
are noticeably higher, even at far western
markets, where receipts are restricted.
The foregoing features are most conspic-
uous at Chicago and San Francisco, but
are having very unfavorable effect at
Minneapolis, St. Paul, Milwaukee, Omaha,
Kansas City, st. Louis ard Cleveland.
General trade at New Orleans, Mobile,
Savannah, Nashville and Memphis has
been unfayorably affected by the railway
tie up.
M ,t,f f,a,
ulates merchants to expect good fall
trade. At the larger eastern centers there
Is no material guin in the situation be-
yond speculative spurt in wool. which
increased the volume of sales of
the same at Boston to a total four
times as large as that reported in the
week year ago. Six New England cities
shipped 105, ,000 cases Of shoes last week,
against 107,0O in the week year ago.
One of the largest cotton manufacturing
corporations in Rhode Island has closed
down for week, and other cotton mills
continue to pile up stocks.
The United States and Canada carried
over on July fully 73,500,0 900 bushels of
wheat against 75 500, COO bushels one year
ago and one-half to one-third as large
quantities visible in preceding years. The
total here, in Canada and afoat for
Europe July l was 146, ,5l9 coo bushels,
compared with 15a, 3Os 600 bushels one
year ago. With Australian stocks in
cluded, the worlds available wheat supply
July l was 154, ,3lD, eco bushels against 157,
2O5,000 bushels one year ago, when the to-
tai was the largest ON record for u like
date
Business failures show further de
crease within week, the total being 1874,
against ls9 last week, 3l9 in the cor
responding week a year ago, and 1852 in
the week two years ago There were 80
failures reported from the Canadian Do
minion this week. last week the total was
2s; against 26 for the same week last year.
h. G. Dun & Co. review of trade says,
The interruption Of business by the rail-
road strikes has been such that the usual
signs, whether bright or gloomy, have
little value. The senate has passed the
tariff bill, but in such shape that no one
ventures to risk much on its final passage
without further alteration.
Speculation in products has turned
largely upon Temporary uncertainties, but
meat products have been higher, with q
threateDed famine here and the proba-
bility that large quantities will be spoiled
3. at Chicago, while improved crop products
have depressed wheat.
The iron industry had not yet rec vered
from the coal miners strike when it was
seriously interrupted by the blockade of
railroads at tho west. An obvious effect
will be restriction of repairs and ca
building and of track laying. A large re-
duction in the demand for iron is the nat
ural consequences of the disturbances af-
fecting the railway earnings.
Textile manufactures do not show i'm