Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1894-07-09
TRADE RESTRICTED.
Disastrous Effect OF the RaiIfoao str'ks On
The Ceuntry's Business.


Saturday says: Aside from the interveh'
ton of holiday. there is a sharp restric-
ton of general trade and Industrial pro-
duction, due to the railway troubles. Inc
combined railroad strike and boycott nas
had a steadily increasing damaging inhu-
ence upon the general industrial situa-
ton. There is little doubt that the to'ai
mum Der idle as result OF this railway
tieup far exceeds the outcome OF any pre-
vious labor trouble liz this country. Inc
present trouble is affecting every portion
of the country, and if much prolonged a
general shutdown of industrial operatlehs
in all lines will be threatened.
The number striking or idle through
strikes so far this year has already ex-
ceeded 800, 900. With the mbined strike
and boycott under Roadway little more
than q week, one-third OF the railroad
mileage is tied up, coal famine is threat
ened, trade with country merchants Is In
many instances actually stopped owing to
inability to ship goods, factories are clos
ing for want of fuel or
Because of sympathetic Strikes,
and producers and receivers of perishabie
produce are suffering serious financial
losses, owing to checked shipments or In
ability of roads to handle freight.
From California information is wired
that thousands of tons of fruit is rotting
for want of transportation.
All cereals except wheat have shown a
decided advance in price, pork and lard
are up sharply, as are fruits. vegetables,
meats and other perishable produce.
Pig iron west is commanding 25 cents
more per ton, and cattle, hogs and sheep
are noticeably higher, even at far western
markets. where shipments are restricted.
The foregoing features are most con-
spicuous at Chicago and San Francisco,
but are having a very unfavorable effect
at Minneapolis, ST. Paul. milwaukee,,
Omaha, Kansas City, ST. Louis and
Cleveland.
General trade at New Orleans, Mobile,
Savannah, Nashville and Memphis has
been unfavorsbly affected by the railroad
tie-up. Persons interested in shipping
Vegetables and fruit
Have Already Suffered Great Loss.
Charleston reports trade dull. Augusta
says it is good for the season, with the re-
suits of June's business more favorable
than in June a year ago, while at Biz
mingham trade is very quiet in all lines.
Favorable crop reports from Texas slim
ulate merchants to expect good fall
trade.
At the larger eastern centers there is 10
material gain in the situation beyond n
speculative squirt in wool, which increases
the volume of sales of the same at Boston
to total four times as large as that re
ported in the week year ago.
Six New England cities shipped 5000
cases of shoes last week, against 100000
in the week a year ago, while Boston s
receipts of hides were $40, 900 of all varie-
ties. compared with PAT, 900 in the week a
year ago.
One of the largest cotton manufactur-
ing corporations in Rhode Island has
closed down for a week, and other cotton
mills continue to pile up stocks.
Aside from the increase in restriction
of trade at Pittsburg, due to the railway
situation, there is 4 revival in demand
for billets for future delivery at $40.
Baltimore reports an unsatisfactory trade.
Reports from Philadelphia are that the
volume and results of business in nearly
all lines are unsatisfactory. Trade is no
better at Buffalo.
Worlds Available Wheat.
The United States and Canada carried
over on July fully 70. 100000 bushels OF
wheat, against Is. SOC. 900 bushels one year
ago. The total here, in Canada and in
and afloat for Europe, July 1, was TAG 519, :
600 bushels, compared with 152, 30S. 600
bushels one year ago
With Australian stocks included. the
worlds available wheat supply July l
was 154. $780, 900 bushels. against Isl. POS, 600
bushels one year ago, when the total was
the largest on record for like date.
Materially higher prices tor wheat at
an early date would appear to depend
on the truth of the assertion that domes-
tic invisible wheat supplies are practi-
exhausted, of which fact there is no GER
tain evidence. Total exports of wheat,
United States and Canada, both coasts,
-four included, this week are 1850, 600
bushels, against 3,677, 900 bushels in the
week year ago.
Business failures in the United States
this week number 1854, against $40 in the
week year ago.
Trade continues quiet throughout Can
ada, particularly at Toronto, where the
railway strike on this side of the line is
having an effect.
There are 80 failures reported from the
Dominion this week, against 20 in the like
week a year ago.