The herald., 1894-06-30

Depressing Eject of Strikes ON Business
Strongly Felt.
New York, June Or. G.. Dun &
Co.'s weekly review OF trade will say to-
morrow:
The general strike Of coal miners has
ended at most points, bat another threat
ems to interrupt business more seriously
Tor time, although The number OF hands
engaged is comparatively small. Travel
and traffic are well-nigh arrested on
about 20 western roads already and
strikes are threatened on all roads which
use Pullman cars. On the whole, other
changes during the week have been for
the better. Many manufacturing estab-
lishments which were stopped by want
OF fuel have resumed. The depletion OF
the treasury reserve has been checked
by the voluntary deposits made by New
York banks. Exports of gold have al
most ceased. Congressf has made much
progress toward the final disposition of
the tariff question. Crop prospects grow
better as the harvest draws nearer.
The resumption OF work in mines and
mills has made good progress, but the de-.
mand for products is as yet smaller and
less urgent than was expected. Buyers
apparently wait for lower prices in iron
and steel products, which the manufac-
turers are slow to give, in view Of the
increased cost of material and produce
ton. After suspension of half of the
working force for more than q month,
it was expected that orders for products
would be very large. but instead there
10 little complaint of dullness and
narrow demand. and prices of Bessemer
pig and some finished forms are little
weaker. Although the working force
has evidently increased, several estab-
lishments have stopped from want of
orders or because no settlement regard.
ing wages for the coming year has yet
been reached.
Textile manufacturers are embar-
raised by the near approach OF the
probable change In the tariff, the effect
OF which cannot yet be calculated. In
spite OF this reason for deferring orders
and purchases the number OF mills quit.
ting work is not yet as many as expect
ed, for there appears to be little more
demand from clothiers and jobbers.
The closing up process has been ac-
celebrated with success by concessions in
some common goods, but all orders are
still limited and the accumulation of
goods continues. Somewhat better or
ders in woolens. particularly in low
priced sll-wool goods and in clay diago-
mails and worsted cheviots, though not
large in amount, give hope of q larger
trade. But the mills are buying eau
tiously and sales of wool fell below last
year, being 100000 pounds for the
week, against 3.146. 900. In four weeks
IL, 1929 pounds; last year only
9,759,876, and three yeats ago IL ,677. 1924
pounds. Growers and other holders of
wool demand higher prices than can
now be paid, but receipts from the inte-
rior are liberal and exceed present de-
msnds.
Wheat has declined &c, the year clos
ing with Insignificant exports; for the
four weeks Of June there were only
1,920,620 bushels of Atlantic exports,
against 9,9l7, Asa last year, while western
receipts have been 5.620,SS0 for the
same weeks, against 8,8l0,940 last year,
a much smaller decrease.
Corn has declined 1ac, receipts being
larger than those of wheat, and heavy
crop is expected,
Pork products are also held lower.
This week the failures have been 214
in the United States. against 307 last
year, and 35 in Canada, against 81 last
year. OF late the number and import
ance of failures have increased little,
as it is near the close OF the half year.