The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1894-01-06
TR ABE r & IEV
q Dismal Record Leftsby the Year
just Closed s IS
The Year. which Opened With Bright
Prospects,. Was More Fruitful IN Coma A.
l; mercial Disasters Than for
Over FIFTY Years. as5sz*s
THOUsANDs or FAILURES.

=, q. - -.. = u. =
w. : :" - 49, :. ~ =
Starting with the largest trade over known,
mills crowded with work, and al business slim
ulated by high hopes. the year 1898 has proved
In sudden shr1nka1e OF trade, ~ commercial
disasters ana depression OF industries. the
worst 12r nIty years. Wnetner the maj re-
suits OF the panic OF 1859 were relatively more
severe the scanty recoras OF tnat ume
do not clearly snow Inc year closes Witn
prices OF many products the lowest ever
known, with millions OF workers seeking 10
vain Tor WORK, ana W1tn chaf1ty laoorlns e
Keep back sunenng ana sterVanon N al oul
cities. AL nope the new year may Dflne
brighter days. out Inc Dying year leaves Only
. DISMAL RECORD. Inc review OF .hfneren'
departments OF trade given exnlolts g
collapse OF industry ana business "Mcn Is
almost without precedent ine IRON INDUSTRY
sus tanned weekly pToouct1On Oh loi,ooA IONS
pig May l, but by October the output nad lall'
en- to 70 800 tons, and the recovery 70 ABOUT lUU.
COO December still leaves ~ per cenL OF tne
force unemployed. over nall the WOODEN mar
ufacture Is ldle, ana excepting orlei
recovery in November, mas oeen ever
since new wool In May, Tor AL sales at the
three chief mar kets in the eight months nave
been but 1O6, 7O5 46O pounds, partly Tor specu
lation. the price having fallen ~ per cent fol
fleece to the lowest point ever known, agalns'
l2.S39.Ou5 POUNDS IN the Same moHth Aast year.
Sales of cotton goods are 1ully quarter bel0"
the usual quantity.
where tho Farmer suHereo'
The small advance attempted IN boots sno
shoes year ago wos not ustalneo, put with
prices AS low as ever Inc shipments OF ooots
and shoes from Boston are "a per cent less
than last year IN december ana thouRh 10
November the decrease was Dut NO per cent
II mas DeeH ~ per ecu. lor tne iast lou1
months. Not only manufactured goods as "a
whole, but tne most important tarm prooncts
are SO low that prooucers hno n1tse conlort
Omolal ana otneF reports give tue hotion 'na'
the crops OF last year were SO SNORT that tan1ne
prices could DO realized on purchases. Enor,
nous STOCKS were bought ana nelo "itn sne a1u
OF banks VA! nea'S tete.pts ia sno spiA's o11oeN
coNapse oA wheat PORK s'lo W toA poo4o: Dis
astrnus ia11ures helpeu ~ prouuee .ne a.@l l1u
winch soon 1naue Mohey '1npossiDle w. set' pu'
even AZ the worst hocr VI Tue paa'c PRICES we've
scarceay io"ef .nan .nes arc no"
nat eause" INC e'l1
Moneeafy @nAAo'ea "pte" l1a W ssuso Wy
panic anu became epaoeA1io "nen uouots were
ralseo III AT o'uu' .eon, I*''a =, ":..I
noees ~ e''as1. 1.,' 800" -.s:.. 49, 49,,
1eason tot uts'' oss ny -. 49," 70
es1aso' AAoNu 49, .4a,a 49, ,.,a =.
posi's an n"' oa"., 20, N ".vs ora p,,ncs.s as
nss 1o'oAs , - 49,, :.
,of .ons pn t Wan 'Mn'' az aar ~ 1920 ~.
n1hos "ele w. ~. w. W 800. &C. =,
oueeu "akes a' pues ~ o. ;a,a 90 ~ ..
tee'uoeu "1a' so ~. - 1870 S,
caIna VIC siea VS. o''i $500
wv'oVv .n wv $500 NJ. w.. ~, T"a
Oh .A0ai ~ 80 nt - ,era, ,t.,., ,as.- 700,
WIZ .~y 20 $50. o. , 1901 ,I;,h,,
anu w l"lsoi sn"n 49," va, a,,aa1;
laisel ~ .no % ~, ,,r ,,t snnaI,a,
oi in ', 10. .'1 n - 49, va "AA~ ~ p0-
1l' VIC A"aS 49,. ~ 4, .,..a,,o.o =, s;,ar,,+
Cled1 tF@ucASe VI WIZ oAt Ahh"6o a. "A1AS''01A0
p.Auonoa Va .4 So, ,ae.ssa,5 ,ro,,,a &c
alleatty Ioo1nos. W o,a ~ 49, ~.
1oes wa ,a5o pst,,sn -, +axr;1a ,,oods shnm
VI lo'S ana ao1 %. a,a ~. this u .aar ,;ns,
s saa 49,. oao W ga'n -. " .,a. 49,.
e'v''s''0o] l'ss S.' sss ~ s.n esa ,oo