The Atlanta constitution., 1894-05-14
ARMIES OUT OF WORK.
Numbers of Works shutting DOwn-Coal il
Getting Scarce.

Getting Scarce.
New York. May 11.[-Specal. ]-R G.
Dun & Co.'s weekly review OF trade
r. G. Dun & Co.'S. weekly review of trade
tomorrow will say: 'The strikes begin to
have a serious, though, it is assumed only
a temporary effect. The number of works
depending upon supplies of bituminous coal
or coke for fuel is large, and quite con-
siderable proportion of them has already
been compelled to stop operations. No doubt
the proportion is larger in the iron and
steel manufactures than any other business,
but nearly a third in capacity of the iron
furnaces at work a month ago appear to
have closed. Some railroads at the west are
embarrassed, and textile works of some i'm
portance must soon close unless the strike
ceases.
1.-THE movement of so-called armies of un-
employed Washington has caused lit
tie excitement, and is less important or
significant than the outward movement of
specie, which shows shrinking of foreign
demand for products and the further with
drawal of foreign capital
But neither strikes nor foreign diStruSt
can long retard the progress of this coun-
try The capacity of iron furnaces i'll blast
May 1st was 110,210 TONS a decrease of 49,,
5l2, tons during April, but The Iron Age
has telegraphic reports of stoppages by 9TH
er furnaces having q capacity OF %, 092 tons,
including some expected to stop this week,
which would mean decrease of about a
third of production since April 1st. The fact
that prices of some grades of pig iron, es
pecialy of foundry, show weakness, not
withStandng there has been no increase
in reported stocks unSold, seems to indicate
that about as large a proportion of the
works using pig IRON as material have
Deen compelled to stop, and 1t is stated that
in the Pittsburg region many are close to
the end of their supplies of fuel. Prices of
finished products are fully maintained, and
a
is noticed that the demand is not as large as
we expected, and, while an early termina-
ton Of the strikes is hoped for the appoint
ment of committees to negotiate regarding
wages for the coming year brings attention
20 20 the TACT 1hat eNlstlnS CONDITIONS 90 not
favor any advance in prices, or in cost of
production. In minor metals no industrial
shange of opinion appears"
''The textile manufacturers are not
keeping up in prospect, for while orders
do not increase, uncertainties in regard to
the labor grow more serious. The work
cept for another season the wages which
We're temporarily adopted i'll order to have
suspension; The apathy of buyers in cot,
tons is reflected in the further declines of
print cloths. although some qualities of
goods have advanced slightly.
1.-The decline of the treasury gold reserve
below $94,0Oo,o00 suggests the possibility that
ense 1pf If th robs 69ore e ba
season is over But at present the banks
are only gratilied, as the accumulation of
while the demand for commercial loans does
not yet enlarge.
"One large failure about doubled the ag-
gregate of liabilities for firms failing in the
week ending May Sd, which would other
wise have been quite small, but Were
81, ,922 1914. The number and the general ay-
erage of liabilities are still encouraginsly
shrinking. For four weeks of April the LA
bilities reported We're $S,S26,S62, of which
s., ,6S7, ,220 were of manufacturing, and $4677,
699 of trading concerns
For the past week the failures have
been POS in the United States, against 257
last year and AZ in Canada, against % last
uea 1nitIa of eSnecial innnrtance.o