The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-04
BUSINESS GROWING BETTER
THE VOLUME Much LARGER IN
SPITE OF THE STRIKES.

Have struck This Week for Higher
Wages. and 5000 Rhode Island Mil
Hands ON the Point OF Going ont.
Tue WnEes of 5000 foiIers In.
creased without striking.
New York. May 8-Bradstreets to-mor-
row will say: "The manifest improve
ment I'm many lines of general trade has re-
suited in an increase in the volume of
business, Notwithstanding the impending
idleness Of 5000 Rhode Island worsted mill
operatives and many others in Industrial
lines. Industrial unrest now takes the
form of striking for higher wages. This
week about $1,000 industrial employees have
struck and the tendency does not seem
70 be checked. About 5000 people are re-
ported to have obtained higher wages
without striking.
"The April bank clearings reflect an i'm
proved demand for stables and enlarged
speculation in stocks and bonds wheat.p pc
troleum and cotton in a monthly aggre-
gate. which is with two exceptions, the
largest reported since June. 1898. The to-
tai April clearing at sixty-one cities arc
Si.232. S22. 999, a gain over 1894 OF IA per
cent. and over March this year OF SO per
cent The increase over February is 25
per cent Three-fourths of all the cities
reporting show Increases over April 1891,
special Improvement being noted in the
eastern and middle states and in the south
and southwest. The far western group
alone shows a decrease.
Nashville and Galveston report some
little improvement In the volume Of busi-
ness, but they prove the exceptions
ditions In Tennessee are said to be faV-
orable. In Texas the coast country stu
needs rain. At Chattanooga and Augusta
the weeks business has been of somewhat
smaller volume, although at the former
place some OF the manufacturing indus
tries are better employed than one year
ago. There il only fair business IN cot
ton goods and prices remain ilrm. No
gain is looked for until the demand for
fall supplies becomes general.
II. G.. Dun g. Co.'S weekly review OF trade
tomorrow will say: Business begins May
in better condition than at any other time
since the breakdown in May, 1893. Smaller
In volume than then, II is not now shrink
ing, but enlarging. The chief obstacle 20
a more complete recovery is the anxiety
Of many to pluck fruit before i Is ripe.
Holders of some staples have lifted them
so far as to prevent their marketing; con-
sumption of materials in some branches
is checked by advances which cannot
be realized for finished products, ana
workers in some industries are demand
ing wages that cannot be paid out of any
business in sight
I'm spite Of labor troubles and specu-
lative excess, the outlook brightens. The
money markets continue healthy, and
with heavy sales of railway bonds abroad,
the deficiency in the public revenue, ~,
1880 In April, causes no apprehenslon.
Demands for full restoration OF wages
to the level OF 1892 have closed many wool
en- mills and threaten to close others en-
ploying about 5000 hands at Olneyville
and about Providence. and have arrested
work at other mills of some Importance
already. Similar demands are made In
cotton mills or Massachusetts. Inc strike
which closed the iron furnaces at New
Castle, Pa, has just ended without sue
cess but other strikes have stopped num-
erous works about Pittsburg and others
of recovery I'm business, so often publish
ed and sometimes prompted by manufac-
turers themselves, make IL not entirely
strange If operatives fail TO see that the
bu mess in the great industries is without
profit, and much of the working force is
'1The speculative fever grows more
fierce as is natural when business starts
up with prices at extreme low points, ana
the prices OF staples have gone above tho
Cotton ties are a shade higher at 55
cents per bundle, and wire nails at Sc
cents and cut nails at 20 cents, by a car
load, are less demoralized. Consumption
does not yet equal the capacity of the
works or output of pig, but improves.
Late in the week important strikes in
iron works about Pittsburg threaten Sc
rious disturbances. Another heavy de-
crease of II ,667 tons in the output Of
coke makes the shrinkage nearly 20 per
cent. In two weeks and furnace Is offered
at 81. TO-
"rhe anthracite coal agents have agreed
to mine only three days of the week in
MAY, but prices are unchanged.
Window glass makers have adopted a
new scale for the two lower brackets,
50 cents higher than before.
The remarkable rise in leather con-
tinues and yet the shipments of boots
and 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 produc-
ton at a material advance In prices. The
chief embarrassment ia uncertainty as to
the future price of leather. The rise in
the prices of cotton goods also continues
The woolen year ends with the lowest
prices yet known.
"The failures in twenty-five days of
April show liabilities Of 50, ,536 $50, of which
S3,614, ,736 were of manufacturing and s5,-
705 $50 of trading concerns. Last year in
the four weeks ending April 26, the la
bilities were $685. 1852, of which $3, 6S7, ,220
were of manufacturing and $4,677, 500 of
trading concerns. The weeks failures are
23l in the United States against 233 last
year, and "a in Canada, against 80 last
year"
CARoLINA's BIG FIGHT.