The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1894-06-02
FINANCE AND TRADE.
Disastrous Effects of the Great
Coal Strike on Industries,
MORE FACTORIES CLOSING DOWN.

The Pig Iron Industry Of tho Central
Western States Practically at q stand
still-JaoksonviIle and Augusta, How
ever, Send Encouraging ReportL
New YORK, June s.-Bradstreets trade
review says; The decidedly unfavorable
condition OF general trade reported last
week continues without material improve
ment Continued delay Of tariff legisla-
ton prolongs the sitting effect on whole
sale business. The great coal strike con-
tnues without sign OF early improve
ment, no concession having been made by
either aide. More mills, factories and
furnaces have closed their doors for want
OF fuel. The pig iron industry Of the cen
trail western states is practically at a
standstill for want OF soft coal or coke.
AT Pittsburg and vicinity the scarcity Of
fuel has greatly stagnated business. There
are no new labor strikes Of importance to
record, but almost all of those previously
reported are in existence
The favorable features come from Du-
luth, Omaha, Augusta, Ga, and Jackson
vile. Stimulation Of trade at the Lake
Superior port is largely due to the rapid
shipments of bituminous coal which had
been accumulated, while needed rains
throughout Nebraska have improved that
| states crop prospects and caused more
| active purchases from Omaha jobbers.
Augusta, Ga, reports a gain in the vol
ume of business as compared with the
last three weeks, and that cotton manu-
facturers have orders ahead and are run
ming on full time, while needed rains
| throughout the Florida vegetable dis
tricts have stimulated demand, so that
Jacksonville trade Is brisk. At most
western cities there has been practically
no change from the depression of last
week.
K. G. Dun & Co.'S weekly review Of
trade says: 1t is a sign Of cheering import
that in finished business, represented by
clearings and railway tonnage, there has
been less decrease since the strike began
than might have been expected. But in
inchoate business, the orders which start
the wheels, to result in tonnage and pay
ment weeks or months later, there seems
| to be an actual decrease.
Meanwhile the consequent interruption
! Of traffic and industry increases. The
stoppage of iron furnaces between the AL
legheny mountains and the Mississippi
river has become complete, and a great
number of concerns manufacturing iron
and others requiring soft coal or coke for
fuel have been forced TO stop. Business
! cannot increase in volume under such cir
cumstances, and yet payments through
all clearing houses for the week show a
decrease of only 20.S per cent. compared
with last year Though a large number
of works are idle the demand for products
is not what might be expected either in
volume or in urgency.
Liabilities reported in failures for the
! fourth week of May were g., 500, ,OS7, and
for four weeks ending May "a, $1l, ,391 ,O42,
Of which q, AS, COS were OF manufactured
and S5,s06,S9l of trading concerns. Re
ports yet to come in may increase the ag-
gregate to Sl4, 900, 900 for the month. The
failures this week have been 1888 In the
United States, against 2Ss for the same
week last year, and q in Canada, against
2l last year. Only two failures, both
banking, are for slOO, 900 or more,