The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-05-05
215,OOO ARE ON STRIKE
Which Fact Shows Unimproyed
Industrial Situation.
Both Bradstreet and Dun & Co. Hare 70
Struggle with Figures for Encour-
aging Ira de Symptoms.

NEW YORK. May 4-Bradstreets re-
view OF the state of trade tomorrow VIII
saw: The movement OF general merchandise
throughout the country is small in volume
Spring trade is finished and orders for
fall delivery are. with a few exceptions.
not meeting expectations. Jobbers in lead
ing lines at almost all larger cities report
sales almost without exception as OF a hand
to-mouth description. The extension OF the
coal and coke strike. accompanied by riots
at Cleveland and Mesaba. has emphasized
the depression. The Industrial situation.
therefore. has not improved. Strikes OF iron
ore miners, among building trades and
with an extension Of the coal miners strike
and the almost total cessation OF opera
tons In the coke regions. have swelled the
total number of idle Industrial workers to
fully 215,0O. Shut-downs OF industrial con-
Germs dependent on coke or coal for fuel
are increasing. Notwithstanding an attempt
OF coal operatives and operators 70 get
together 10 arrange a basis of settlement
The price movements tips the scales with
Indian corn, oats. cotton. coffee and re-
fined sugar ali lower, and wool and some
varieties of woolens and cotton goods
heavy. with a marked tendency Of quota
lions to weaken. Wheat scored its fifth or
sixth lowest price on record during the
crop year, 60Ac at New York. A relative
ly favorable industrial repo;l comes from
Detroit, where there are fewer unemployed
Another contrast is seen in New England.
shoe factories running on short time. while
at st. Louis four months hipment are IN
excess OF last year. Transactions In wool
have slackened and prices OF some grades
are weaker. Stocks of wheat here. in Cam
seIi a aroat 100 iTT snd bn nn esi a smaIleTT AApriui
decrease. except In 1891, than for six years
Should these stocks fall away during May
preceding years. American afoat and
European supplies on July l next will near
ly. if not quite. be equal 10 heavy stocks
both coasts. amount TO 2.77S,000 bushels.
compared with 2.72I.0oo bushels last week
2,7z6.oo bushels In the week a year ago,
$4,000 bushels two years ago, and 254s.-
| 90 bushels in the correspondir week OF
1891. San Francisco kilograms repor re-
viving general trade. now that much less
California wheat than was previously as
serted. Exceptionally favorable crop re-
ports are received from Nebraska.
Sales of Wool Increasing.
NEW YORK, May Ar. G. Dun & Co.'S
weekly review of trade. which is issued
tomorrow, says: A point OF encouragement
is the heavy buying Of wool. amounting TO
| 6,492. 600 pounds for the week at three chief
! markets, against 4.66l,OOO last year. and In
April sales were a. 95S pounds. against
16, 1898, 800 last year. AS these sales have
! for years been in steady relation 10 the en-
tire consumption OF wool IL is fair TO infer
that In spite of the stoppage OF some i'm
portant works and in spite of uncertainties
as to labor and as 70 legislation. consump-
ton will continue large for some weeks at
least. The enormous unsold stock Of wheat
which has made a lower average of prices
In February, March and April than was
ever known in any previous months, has
| depressed May wheat TO the lowest point
on record, although Western receipts were
only L0SO, 1856 bushels. against 2, isS,050 last
year, and Atlantic exports L,l43,2S bushels.
against 1,51s. go last year. The decline for
spot has been slight, with no change for
July. Corn yielded a quarter. exports fall
ing suddenly below. while Western receipts
nearly doubled last years, and pork
products were lower. Cotton Spectators.
who have seen larger receipts from planta-
lions in April than a year ago, have lost
faith and grip with favoring accounts or
acreage planted, and the price declined an
eighth.
The most encouraging sign is the marked
decrease In liabilities Of firms failing, which
were only Sl,4 IA for the last week OF
April, and for four weeks s.. 722. 70S. of which
S.7222N were Of manufacturing and A,644,-
367 OF trading concerns. The amount OF
liabilities at the South was 81, 9l9,4 l9. against
S,lIl,O32 in Eastern and $2,692.257 in West
ern States. The failures this week have
been 233 in the United States. against PIG
last year, and thirty-five in Canada, against
twenty-seven last year.