Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-05-19
DUN'5 TRADE REVIEW.

Serions Effects Of the Coal Miners strIk,
IN The Closing Down of Industrial
Works Foreign Shipments Of Gold an.
The Depletion OF the Treasury Reserv.
nne Most Disqsietlng signs of tn,
Times.
! NEW YORK. May 12.-R g. Dun a
20 weekly ly review of trade, issued TO
day, says
Inc strikes begin TO have a serious. though
u Is assumed only temporary effect The
NUMBER OF works depending upon supplies OF
Ditumthons coal or coke for fuel IA lar.e and
| qulN considerable proportion Of them have
aFeaay been compelled to stop operations
no ooubt the proportion Is larger In Iron
ana steel manufacture than any other busi
ness Dht nearly third In capacity OF the iron
| furnaces at work month ago appear to have
| CLOSED Some railroads Mt !he Yves. are EN-.
| oarr"ased and textile works OF some import.
ahce must close soon unless the strike ceases
| Inc movement OF socaled armies OF the un.
employed on Washington has caused little ex.
tlteuieht' ana Is less important or significant
'hah the outward movement OF specie which.
SHOWS shrinking foreign demand for products
anu iurther withdrawal OF fsreign capital
bUt neither strikes nor foreign dstrust long
The capacity of iron furnaces in blast Nav |
was llo2lO tons, a decrease OF 1852 tons dur.
Aprl but the Iron Age has telegraphic re-
ports OF stoppage by other furnaces having a
capacity OF . W! tons, including some ex.
pected TO stop this week which would mean a
uecfease OF about a third in product since
April l. The fact that prices OF same grades of
pig iron. especially OF foundry. show weak.
ness Notwithstanding there has Teen no in.
crease in stocks unsod seem to indicate that
about as large proportion OF the works using
pig iron as material has also been compeled
TO stop, and it Is stated that in the Pittsburgh
region many are close to the end OF their sup-
plies OF fuel
Prices OF finished products are fully main.
tanned ana many kinds have advanced a little,
put IL Is noticed that the demand is not as
large as was expected, and while an early ter
mlnaton OF the strikes is hoped for the an
polntment of committees to negotiate repnrd.
ing wages for the coming year brings atten.
tlon to the fact that existing conditions donoi
laVor any advance in prices, or in cost Of pro
ductlon' In minor metals, no indust rial change
OF Importance appears.
Inc textile manufactures are not improving
IN position or prospects, for while orders do
not increase, uncertainties in regard to labor
grow more serious. The working force shows
much unwillingness to accept for another sea.
son the wages which were temporarily adopted
IN order to have works reopened after las,
summer suspension. The apathy OF buyers |
IN cotton Is reflected in further decline OF
PRINT cloths, although some qualities OF goodt |
nave advanced slightly
safes oil wool again drop considerably below |
those OF the same week last year. Though or.
ders for. .woolens are far below the probable re.
ha
'urers are bold enough to make up goods in ad |
vance of the demand, while clothlcrs are very
cautious The dress goods department has
much the best OF the business though It's pro.
inetion is consideraly smaller than usual.
Ihe speculation In grain has again broken
'ecords with the lowest price ever made fot
Nheat' athough western receipts are little
'ihalier than a year ago, while exports are also
'naller Dy more than quarter. The prevail |
he beilef Is that the yield will as in other
ears, far exceed government indications
S1lch are again pointing to short crop
Jorn has changed in price but little and pork
products have been fairly steady. with oil and
once unchanged, but cotton is weaker in tone.
lithoush receipts from plantations are little
mailer than year ago II is a striking eyi
ehce OF the general want OF confidence that
mere Is so little speculation while money is
Dundant almost beyond precedent
Nothing has occurred to strengthen railroad
tocRs, Tor the earnings OF railroads continue
bout as much behind last years as they we're
n April or March Rates are cut In a most
estructlvc fashion, in spite of all the tap
bout lronclad agreements and the prospect
foreclosure for some great railroads in de
lult tends TO dishearten holders The aver
&c price of sixty active railroad stocks is
evertheless, only % cents lower for the woely