St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-07-07
TRADE IS RATHER DULL.
EFFECT or THE RAILROAD STRIKE
AND B0Yc0TF ON
THE INDUSTRIAL SITUATION


Number of idle People as Result
of the hallway Tie up Far FIX
ceeds That OF Any Previous
Labor Trouble Receipts
Largely Restricted in Western
Cities.
New YORK, july 6.-BradStreet's to-
morrow. July Z, will say: Aside from
the intervention Of q holiday, there is
sharp restriction of general trade and
industrial production, due to railway
troubles west OF the Alleghenies and
north of the Ohio river. which extends
west and southwest to the Pacific coast,
and make their influence felt in all
other directions.
The combined railroad strike and
boycott has had a steadily increasing
damaging influence upon the general in
dustrial situation. Calculations as to
the number of men are necessarily in
complete, but there is little doubt that
the total number idle as a result Of this
railway tle-up far exceeds the outcome
of any previous labor trouble in this
country. All cereals except wheat have
shown decided advance in price; pork
and lard are higher, as are fruits,
vegetables. meats and other perishable
produce. Pig iron West is command
ing 25c more per ton, and cattle, no gS
and sheep are nOticeably higher, even at
far Western markets. where receipts are
restricted. The foregoing features are
most conspicuous at Chicago and San
Francisco. but are having very unfavor-
able effect at Minneapolis, ST. Paul,
Milwaukee, Omaha, Kansas City, st.
Louis and Cleveland. General trade at
New Orleans, Mobile, Savannah, Nash
vile and Memphis mas been unfavorably
affected by the railway tie-up, melon
producers and others Interested in ship
ping vegetables and fruit having already
suffered great loss. Charleston reports
trade dull and without feature; Augusta
says it is good for the season, with the
results of June'S business more ia Ior-
able than in June of year ago, while
Birmingham trade is very quiet in all
lines. Favorable crop reports from
Texas stimulate merchants to expect
good fall trade.
AT the larger Eastern centers there is
no material gain in the situation beyond
speculative squirt in wool, which in
creased the volume of sales of the same
at Boston to total four times larger
than that reported in the week year
ago. Six New England cities shipped
1850 cases of shoes last week, against
100000 in the week year ago, while
Boston's receipts in hides were $4,000
OF all varieties, compared with PAT, 900
i'll the week year ago. One OF the
largest cotton manufacturing corpora
tons in Rhode Island has closed down
for a week, and other cotton mills con-
tlnue to pile up stocks. Aside from the
increase In restriction of trade at Pitts
burg. due to the railway situation, there
is a revival in demand for billetS for
future delivery at $40. Baltimore re-
ports quite an unsatisfactory trade,
wholesale dry goods dealers being the
most fayOrably situated. Reports from
Philadelphia are that the volume and
results OF business in nearly all lines
are very unsatisfactory. Trade is no
better at Buffalo; if anything, lake bust
ness is even less active.
The United States and Canada car
ried over Oil July l fully 73,500,000 Du
of wheat, against Is, 5OO,0 900 bu one year
ago, and one-half or one-third as large
quantities visible i'll preceding years.
The total here, in Canada and in ana
atioat for Europe July l, was 146.5l9.00O
bu, compared with 152, S0S.000 bu one
year ago. With Australian stacks in
Guided, the worlds available wheat sup
ply July l was 154, $4,000 bu, against
57,2OS, 600 bu one year ago. when the
total was the largest on record for
like date.
Materially higher prices for wheat at
an early date would appear to depend
on the truth of the assertion that do
mestc invisible wheat supplies are
practically exhausted, of which
fact there is no certain evidence.
Total exports of wheat, United States
and Canada. both coasts flour included,
this week are 1.S5O,000 Du, against l.
711000 bu last week, 3.G77.0C0 bu in the
week a year ago. 2.060,000 bu i'll the first
week of July, 1892. and 2,225,000 bu in
the corresponding week of 1891. Bust
ness failures show further decrease
within week, the total being only 164,
against 1S9 last week, S19 i'll the week
year ago, and 152 in the week TWO years
ago.
Trade continues quiet throughout the
Dominion OF Canada. particularly at
Toronto, where the railway strike on
this side OF the line is having an effect.
There are SO failures reported from
the Canadian dominion this week; last
week the total was %: in the like week
of June, 1893. it was 26, and the year be-
fore that it was 20.