The Port Gibson reveille. [volume] (Port Gibson, Miss.) 1890-current, 1895-05-09
DON's COMMERCIAL REVIEW.

MB@S-SmmAlew hm Volume than Then Mk Il
IN Not Shrinking. but Enlarglng-Impa-
tlence 60 Realize the Principal Obstacle /
TO Full Recovery.
New YORK, May Ar. G. Dun g.
Co.'S weekly review of trade, issued |
to-day, says:
Business begins in May in better
condition than at any other time since
the breakdown in May, 1893 Smaller
In volume than then, il Is not shrinking, |
but enlarging. The chief obstacle to
g. more complete recovery is the anx-
iety Of the many to pluck the fruit be-
fore il is ripe. Holders Of some sta
pies have lifted them so far as TO pre-
vent their marketing; consumption Of
materials Ia some branches is checked
by advances which cannot be realized
for finished products; workers in some
industries are demanding wages that
cannot be paid out OF any business in
sight.
But in spite of labor troubles and
speculative excesses. the outlook
brightens. money markets continue
healthy, and with heavy sales of rail-
way bonds abroad, the deficiency in
public revenues, SS,742, S40 in April.
causes no apprehension. Demands for
full restoration of wages to the level
of 1899 have closed many wooden mills,
and threaten to close others, employ
ing about 1900 hands, at Olneyville
and about Providence. and have ar
rested work at other mills of some i'm
portance already. Similar demands are
made in the cotton mills of Massachu-
setts. The strike which closed iron
furnaces at New Castle, Pa, has just
broke up without success.
But other strikes have stopped up
numerous works about Pittsburgh;
Pocahontas coke workers are on strike,
and one is threatened by Alabama
coal miners. Exaggerated accounts OF
recovery in business, SO often pub
lished and sometimes prompted by
manufacturers themselves. make IL
not entirely strange If operatives fail
TO see that the business in the great
industries is without profit and much
Of the working force is still nnem-
ployed.
The speculative fever grows more
fierce, as is natural when business
starts up with prices at extremely low
points, but by lifting wheat cents. to
GO cents, Atlantic exports have been
checked, and. -four included, have been
only 1876. 1876 bushels, against S,0i5,4s5
last year. The close was at 6s1< cents
Western receipts are now larger than
a year ago, and except In parts of some
states. the promise for the next yield
is excellent. A sale of 1900 tons by
the Fair estate at San Francisco, load
ing thirty ships for Europe. will
lessen other demands for Atlantic sup
plies.
Enormous transactions in cotton
have been followed by decline from
z to 6.s1 cents, though peace in China
was represented as securing greatly
increased demand. Already 100000
bales have come into sight this year.
and commercial stocks here and
abroad. 3,s6s. .266, with unprecedented
stocks held by the spinners, so far ex-
ceed the Q, zoo, 900 bales required by the
world for the remaining months, that
no famine will be feared with the next
, crop smaller by quarter.
Stocks have reacted a little, but are
again higher for railways than week
| ago. There is comparative improve
ment in foreign trade, exports for the
month being not per cent. below last
| years, while imports are but 1872 per
cent. larger than last year
The strike at New Castle, now over.
stiffened Bessemer pig SO that Sl0.75
was quoted at Pittsburgh, and the
closing of a Wheeling mill stiffened
billets, while southern makers have
, nominally advanced their price. though
sales have been made here under $40
,, for No 2.
Cotton ties are a shade higher at 55
! cents per bundle, and wire nails at
s5 cents and cut nails at 20 cents by
the carload are less demoralized- Con-
sumption does not yet equal the ca
j pacity Of the works or the output OF
} pig, but improves. Late in the week
? strikes In the iron works about Pitts
burRh threaten disturbances. Another
heavy decrease of ii, ,667 tons in output
of coke maks the shrinhage nearly 2s
) per cent. in two weeks, and furnace is
offered at sl.i0
Window glass makers have adopted
: a new scale, for the two lower brack-
cts so cents higher than before.
/ The remarkable rise in leather con-
: tinues. and vet shipments of boots and
0 shoes from Boston for April were
, slightly larger than two years ago or
! ever before, and most of the works
. have orders for three or four months
: production nc material advance IN
,rices. The chief embarrassment Is
: uncertainty as to the future price OF
: leather. tH
The rise In prices OF cotton goods
!, o1eo continues. The wooden has
"A reached the lowest price yet known
Q large sales at low prices are yet neu-
o. trail. sales since January have been
- o67. o1O pounds, against 6,765, $50 In
O fan2. and less in 1855 and 1894. The
q demand for woolen goods does not inn
! nrove. and many cancellations are re-
l. ported, though sales OF wool indicate
l. large consumption.
= Failures in twenty-five days OF April
showed liabilities OF So,5S6, 900, OF
which o.. s.8l4,730 were OF manufactur-
y ing and A.. 705, $50 on trading concerns
y T.nat wear i'm four weeks ending April
y ~. liabilities were 89, 1926, s02
The weeks failures are 23l In the
e limited States, against 2SS last year
"a and sA in Canada against 80 last year.
'e GARMENT WORKERS
rn phlRmdsHphAa Strike Against the sw@mf'
rmm @vmt@m mnd for Better Wages
M@ A. A &HM4a