The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1895-05-23
TRADm REVIEW.
A steady Enlargement In Domestic Trade
Wages Advanced In Some Lines.

Wages Advanced In Some Lines.
NEW YORK, May 1s.--R. g. Dun &
Co.'s weekly review Of trade Saturday
says: 1.-THE severe cold snap, with ex-
tensive frosts, and in some states snow,
has fortunately done little damage to
the great crops, though much to fruit,
has considerably retarded retail trade.
The best news of the week Is
the advance of ten per cent. in
wages by the Carnegie works, followed
by the Jones-McLaughlin establish
ment, and evidently implying similar
advance by many other concerns. The
Illinois Steel Co. is starting its fur
Of employees. No advance has been
found practicable in the woolen mills,
where conditions as to prices and for
eign competition are very different,
and about 1O,O 900 workmen are still idle
at Olneyville. where the works should
produce 600, 900 pounds per week.
I'm other departments of labor
troubles are not serious, and the de-
mand for manufactured products
increases. The volume of domestic
business measured by railroad earn
ings for the first week of May is 4.6
per cent larg er than last year, and
measured by bank exchanges outside
New York is only IL per cent larger
than last year, and for the month the
daily average il II per cent less than
in 1903. II is but fair to note that
business broke down, and exchanges
fell below the normal average about
this time two years ago.
s>l A.,
ment in domestic trade, there Is still
great want Of employment in the in.
terror for money which comes hither
(oS, 500, 600 during the past week), and
which, with the millions distributed by
the syndicate ON bond account, stimu.
lates speculation. Accordingly, wheat
has risen Ave cents, although the 70.
ports Of injury by frost do not appear,
upon sitting. to concern any consider.
able proportion Of the growing grain.
Western receipts for two weeks Of
May have been 2,917, sos bushels,
against Q, coo, 2os bushels, and Atlantic
exports 8, 500, 4s4 bushels, against 4, $685..
1Ol last year, being reduced by the ad'
| vance in price less than would be ex.
pected because of generally current
reports of decrease in acreage. With
only six weeks of crop year left, the
stocks in sight indicate heavy sur
plus, If not as large as some western
statisticians estimate.
"Cotton is Hc stronger, in spite OF
the fact that 9,461, ,0s1 bales had come
into sight last Friday, which is owe,
400, 900 bales more than the largest
crop ever recorded.
'sSales of wool continue remarkably
heavy for the past week at the three
chief markets, $3.50, $50 pounds, and fol
two weeks Of May, 11,059, 760 pounds
against II, 767, $50 pounds in the same
week of 1899, the last year of full de
mand.
Foreign trade for the week show
heavy decrease, 80 per cent, com
pared with last year in exports, and
the decrease in May thus far is abou
26 per cent. On the other hand thu
imports for May increase less than
per cent In consequences the govern
ment revenue has materially decreased
the excess Of expenditures over re
ceipts for the month thus far being IS,
2.677.
Commercial failures for the weel
ended May show liabilities of $4,000,
372, of which 81, ,OO6, ,668 were of manu-
featuring and Sc, ,OO2, 7O6 of trading con
Germs. For the corresponding weel
last year the liabilities were 81, ,937, 53s
Of which only S432, ,6O8 were of manu-
featuring and S1,49O,922 of trading
concerns. In the five weeks ende'
May the aggregate Of liabilities wa
$11, ,O7O, ,479, against $14, ,75s,567 for tn
same week last year.
Failures during the past week hav
been 211 in the United States, agains
219 last year, and 81 in Canada, agains
| % last wear