The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-07-14
IN THE WCELD OF TRADE.
4 Decided Change in the Industrial
Situation.

The Number of Employees Idle on Ac-
count of Strikes $4,000 Less This
Week Than a Week AEo-A Compar-
ison of Present Prices With Those
Prevailing at the Time of the Barring
Failure.
New York, July 13.-Bradstreet's to-
morrow will say: The industrial stu
alton has greatly changed. The failure
of the American Railway Union boycott
appears complete, and the apathy with
which organized labor regarded an appeal
to strike in sympathy was surprising.
Railroad traffic is generally resumed and
the nun Der of idle has been greatly re-
duced. The coke strike is conceded a
failure and the operatives are returning
TO work The settlement of the potters'
strike at Trenton, after lasting six
months, means the unemployment of
thousands A number of small strikes
are reported, but there are $4,000 fewer
idle because of strikes on Friday this
week than last.
"The iron. steel, lumber, shoes, wool
and cotton manufacturing industries at
the larger eastern and western centers
have made practically no shipments An
examination of the staple prices COM
pared with the middle of 1891, following
the Barring embarrassment, indicates
that -four has declined 40 per cent, wheat
As per cent. and corn 81 per cent, while
oats are 80 per cent. higher than three
years ago. Pork and lard are respectively
Is and - per cent. higher than three
years ago, while the changes in the prices
of butter and cheese are less significant.
OTHER CHANGES LESS RADICAL.
mo such radical movement is exhibited
in the prices for print cloths, sugar, cof-
fee, cotton, refined petroleum and anthra-
cite coal, but raw wool has dropped 81
per cent, pig iron, bessemer and anthra-
cite 25 per cent, billets % per cent. and
bituminous coal 30 per cent.
All southern cities say business is very
dull. The railway strike was directly
felt at Memphis. Nashville, Augusta, Sa-
yannah, New Orleans and Galveston
Georgia markets report that turpentine
has advanced in price and New Orleans
that sugar is not in special demand, and
little is doing Rice is higher and in re-
quest. Exceptionally favorable trade
prospects are reported from points in
Texas"
AMAZING STRENGTH
r. G. Dun & Co.'S weekly review of
tumstances are duly weighed, the
strength and soundness of business in
this country during the past two weeks
are amazing. With the second city in the
country IN the hands of a lawless and
murderous mob, besides many other
cities and towns, with railway
traffic almost entirely stopped
over the vast area between
Toledo and the Pacific. with Presidential
sluY a DO Of
an instruction, and the passionate an
swer ordering half a million men to stop
work, with a prolonged strike of coal
miners not fully ended in many states,
and with differences between the House
and Senate on the tariff question so wide
that duties affecting mining and manu-
features cannot be anticipated indus
tries and trades have nevertheless gone
on with sublime confidence that the peo-
pie and their government would soon
restore order. The shrinkage of bust
ness and the depression of values have
been Unexpectedly small, the failures re-
latively few and unimportant and there
are even signs in some industries of actual
progress toward recovery from previous
troubles. II is good foundation Of hope
that firm and wise action by the govern
ment has been upheld by the loyal peo-
pie, that order has been generally re
stored and the blockade of transportation
has nearly ceased, and that the wage
| earners have in the main refused TO arrest
industries at the dlctation of their lead,
ers.
COTTON MANUFACTURE.
Cotton manufacture has reduced pro-
duction somewhat though most OF the
mills continue to pile up goods, and the
stock of print cloths is LIS, 900 pieces.
Wool manufacture is less directly af-
]
number such that fewer mills have closed
since July than was expected.
The output of iron, which dropped
from ll0,2l0 tons to 81, OH weekly in MAY,
because of the miners strike, had only
| recovered to SO, $50 tons on July l. and it
| is uncertain whether it is larger now, for
| numerous western works have been
stopped by the railroad blockade The
actual consumption in Jnne was larger by
| 95,1S2 tons than the figures of production
/ indicate, the unsOld stocks having been
! thus reduced, ana the Iron Age
reports production in the first
4 half of 1894 as 2,450,000 tons
| against 1851, 5S4 in the last half OF
/ 1898, and 4,769, 6S3 in the first half of last
/ year. The stocks were reduced this year
! 264 ,46l tons, but increased POS, 700 during
/ the first half Of 1894. so that the actual
/ consumption in manufacture has been IA. s
}
| 1898, though but 90 per cent of the ordi-
/ nary capacity. Little can be judged from
/ the present slack demand. as trade is so
much interrupted, but there has been a
/ rather active week in orders at Chicago,
/ and in the eastern markets the demand
/ keeps works fairly busy
/ Foreign trade does not gain, the ex-
] ports being ia per cent. less and the
/ imports 40 per cent. less than last year
The banks note more activity in com
/ mercial paper and more satisfactory ele-
meats of maturing debts
The decrease in failures exhibited last
week is followed by good returns for July
thus far. The reported liabilities in the
first five days were only SSH .567, though
the mail delays keep back some western
returns. The number of failures during
the past week has been 237 in the United
States, against 3i4 last year, and in Can
ada, 40, against % last year..
TWO POPULAR SOLDIERS.
Messrs. Karow and Lawton Will Make
Good Majors.
The announcement that Mr. Edward