The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-02-17
EFFECT OF LABOR WARS
FELT IN SEVERAL IMPORTANT
BRANCHES Or BUSINESS.
General Trend of Trade, However, II
I'm Agricultural Products.

NEW YORK, Feb. 16.-R. G. Dun & Co.'S
weekly Review Of Trade will say to-mor-
row: Business continues larger than ever
at this season In amount of payments. and,
on the whole, as large as ever in retail de-
~liveries, though new transactions do not
yet give assurance that it will hold at the
same rate. Conditions affecting new or
ders contracts have changed in some
respects most favorably, while other
changes tend to restrict operations for a
time, but a conservative judgment OF the
conflicting tendencies appears to warrant
strong hope. Important branches of BUSH
ness are hindered by labor troubles, Of
which the building trade strike at Chicago
affects the greatest number of contracts
for industrial products and the labor and
wages of the greatest number of men. Cir
cumstances do not yet promise its speedy
ending, and in some other branches of in
dustry prosperity and advancing prices
seem to have rendered controversies more
frequent.
The rise of cotton to SIS cents has caused
such increase in receipts and in purchases
for export that reaction would ordinarily
follow. Goods ave been further advanced
and it does not appear the demand for
them has been strengthened. Between pos
titive assertions that stocks in the country
have been exhausted, or in a few lays will
be, and equally positive assertions that
heavy receipts will continue, buying of cot
ton by %spinners and goods by dealers nat
urally hesitates. The rise in wheat also
brings out larger Western receipts, in two
weeks 5,444, 292 bushels, against $3.50, 166
bushels last year. but Atlantic exports,
flour included. in the same weeks nave
been only 3.645, 4oS bushels. against s.l92, 4O7
bushels last year. The price closed u cent
higher for the week. Corn exports of 6,241,-
900 bushels, against 4,SO7, 215 bushels for the
same weeks last year, seem to justify the
rise OF 1 cent, as Western receipts fall a
little below last years, in two weeks H.
oSo,SfS bushels, against 21,05S,97 bushels last
year.
The suit of Mr.. Frick against the Car
negle company to obtain an accounting and
settlement discloses enormous profits made
when prices of steel products doubled last
year wnen peace was kept by the gigantic
iron and steel combinations. That results
OF great Importance may spring from a
contest affecting the control of so many
iron works is evident. The new sheet COM
pany has united ownership of 100 mills, it
Is said, but four widely-known concerns,
controlling sixty-fve mills. refused to ioin.
Prices of pig have not changed. though
considerable sales. including some for ex-
port, are reported.
Heavy SAFES of sole leather at Boston. in
Guiding 100000 sides, at a reduction of "A
cent In price, with unusually large sales of
hides at Chicago, also at lower prices. indi-
cate that the dealers and consumers who
have looked for cheaper boots n shoes
may be satisfied. Heavy imports of hides
at New York have some influence and are
partly due to the famine in India. Ship
ments of shoes since Feb. 1 have been %. 900
cases, or nearly 20 per cent. larger than in
the w weeks of any other year, but many
Of the works are nearly out of orders.
Wool sales at three Eastern markets
have been only 1924, 456 pounds in two
weeks, against 1855 800 pounds last year.
The interior still believes in a further adj
vance. but buying of wool on sleeps backs
has stopped and the manufacturer has
made 1t clear that the mills hold large
stocks to fill recent orders. Cancellations
become so numerous as to cause some UNI
easiness, but as yet only help mills which
have taken more orders than they can fill.
Failures for the two weeks have been
S,35I,170 manufacturing 81. 1856, 2S3 and trad
ing $3.50 500. Failures for the week num-
Der 2lS in the United States. against IFS last
year, and forty-two in Canada, against
eighteen last year.