The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-07-10
INCREASING LABOR TROUBLES IN
COAL AND IRON INDUSTRIES.
Enormous Crops Promise to Help
Trade This Year-Wee&Iy Reports
of Bradstreet and Dun q Co.

NEW YORK, July Or. G. Dun & Co.'S
weekly review of trade tomorrow will say:
The strike of bituminous coal miners has
taken 5000 men or more from work and
threatens to restrict supplies of fuel in
some quarters, though the West Virginia
and some other mines which declined to
take part, claim to be able to meet the
Eastern demand for some months AT the
West the strike is by no means unitedly
sustained and the impression prevails that
1t will not last long. The tin-plate works
have settled the wage question and are
again busy and show a production of A.
100000 boxes yearly, with a capacity of g.
100000 boxes. The bar mills have more
trouble, but a general settlement of iron
and steel wages is expected without much
delay. New orders are small since the an
nual vacation began, but yet are large
enough, the season considered to afford
some encouragement. Tin is stronger at
l4.10c without commission, and copper with
large export demand, at II. IL cents for
lake, while in lead sales of 1000 tons or
more leave the price about $40 cents. The
cotton mills have a steady and ncreaS-
ing demand and the quotation of mddling
uplands have been advanced a sixteenth
aided by speculative strength on reports Of
damage to the crop, especially in Texas
and Arkansas. The wooden mills are getting
decidedly more orders for fall wants and
beginning hopefully on spring goods, but
are cautious in contracts for future deliV-
cry. Some have made large purchases of
WOOL but by far the greater part of the
sales, which amounted to "A, 800 500 pounds
at the three chief markets for the week
have been OF speculative character. West
ern prices are held much above those of
seaboard markets, Montana secured being
sold, according to reports, at the equivalent
of AZ cents at tho East, against SO at
Boston and 40 at Philadelphia. There is a
better demand for domestic wool in eXpec-
tatlon OF higher prices.
Crops in other countries are less prom
Using than usual and the demand for Amer
lean wheat is supplemented even at this
season by exports of 2,6O5, 594 bushels of corn,
against 53O,6l bushels for the same week
last year. Each week raises the estimate
of wheat yield, however, and if the weather
continues favorable the crop may prove a
most important factor in the future of ma
tional and international business. The pros
pect as to corn is growing more cheerful
now anticipated.
Failures for the week have been 2O6 in
the United States, against 215 last year, and
80 in Canada, against 80 last year
Bradstreet's Review of Trade.
NEW YORK, July 9-Bradstreet's report
tomorrow will say: There is only mod
crate volume of trade throughout the coun-
try, the more noteworthy changes being
checked demand West and Northwest, due
to the excessive heat and to storms con-
tinued favorable reports as to the cereal
and other crop prospects and disturbance in
industrial lines due to the strike of about
10000 bituminOus coal miners. The reluc-
lance of West Virginia operatives to ioin in
the strike complexities the situation The
prospect of an early settlement of the tariff
has strengthened the widespread feeling of
hopefulness that the autumn will bring a
revival of consumptive demand Orders
for clothing, shoes and hardware for fall
delivery are already more frequent at Bal
timore, Chicago and Omaha. The move
ment of dry goods is checked by midsum-
mer stock taking, but retail business in
seasonable lines has been stimulated nv
midsummer weather There is no improve
ment in demand for cotton or wooden
goods, but the latter are higher. based on
the cost of wool. Prices show an advance
of one-fifth of l per cent. during June and
mark the beginning of a turn in the out
ward flow of the tide of prices, which con-
tinued from Jan. l to June /.
Exports of wheat flour included as
wheaO from both coasts of the United
States and from Montreal this week
amount to 2502,606 bushels, compared with
2.77S000 bushels last week and 2,167 600 BUSH
els in the week a year ago, 2,317 900 in the
week two years ago, 2S77, 600 bushels three
years ago and 1900 bushels in the like
week of 1898 Exports of Indian corn
amount to 2.137,1I bushels this week as
compared with 1923 600 bushels last week
$4,000 bushels in the like week last year
l,055 900 bushels in the week two years ago
440. 900 bushels three years ago and 1,1S3 900
bushels in the corresponding week of 1893
There are 2l5 business failures reported
throughout the United States this week
compared with 225 last week, PIG in the
week a year ago, 266 two years ago 229
three years ago and 1913 i? the first week of
July, 1898. There are thirty four business
failures reported from the Dominion of
Canada this week, compared with thirty
three last week, thirty-two in the week a
year ago. thirty two years ago and thirty
four in the first week of July, 1894
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