Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-08-24
Labor Troubles a Drawback in
Steel and Iron Industry
SHOE TRADE VERY ACTIVE.
Better Terms Asked For staple Wool
EN- and Wor.ted Goods Cotton
Considerably Stronger.

New York, Aug. PR G. Dun &
Co.'S Weekly Review of Trade tomor-
row will say;
Though there are some drawbacks,
notably the labor troubles in the iron
and steel industry. business is OF WELL
sustained volume, to which fact pay
ments through the country's clearing
houses, railroad earnings and the
strength of prices Of staple and partly
manufactured merchandise offer ample
testimony Except In certain branches
Of the textile markets, sellers OF mer-
chandise have an advantage over buy
ers, and distribution is as large as
stocks viii permit
"The Amalgamated Association of
Iron, Steel and Tin Plate Workers sue
ceeded in enlistlng the sympathy OF
other workmen, with the result that
the output of merchant bar and wire
rods Is curtailed to the extent of about
10000 tons monthly. Beyond this defec-
tlon, wage earners in allied branches
OF the steel Industry have refused TO
break their contracts. Many idle mills
resumed during the past week. and
even IN the tin plate region there IL a
moderate output. Plates have begun
to arrive from abroad and prices In the
London market sharply advanced. HOOP
and sheet mills increased production
daily, and there Is no loss In the rail-
division, but some anxiety is felt re-
sarulng supplies Of cotton ties as the
picking season has begun in many
states.
Exceptional activity Is still the rule
at shoe shops and promises 10 continue
Tor some months. One Of the most sat-
isfactory signs is the evidence that Ill
tie summer stocks will have to be car
ried over. Sole leather continues re-
markably strong, union backs gaining
another cent, while there Is a splendid
demand for hemock, both for domestic
and export Betting advanced and
Kangaroo leather is much higher. Hides
are without change In price and selling
freely.
slightly better terms asked for sta
pie wooden and worsted goods In no
way diminished the volume of sales
and the lightweight season promises
20 be one of activity. In heavyweight,
there Is also noticed greater interest ON
the buyers than Is customary nj thi.
late date, These improved conditions In
the manufacture give tone 10 raw ma
terial despite the heavy arrivals AT
eastern markets OF the new clip.
After season Of dulness at
cents pound cotton suddenly devel-
oped considerable animation and
strensth The chief influence was un-
satisfactory weather IN Texas. al-
though there was also aid in the specu-
latlVe market from covering Of the
large short interest outstanding. Liver
pool quickly responded 10 better prlces
here. There was further support in IN.
failure Of any agreement regardln,
wage reduction at Fail River. as !,
strike would assuredly have followed
ana consumption Of the raw material
materially curtailed. Decided Interest
Is shown In fall goods. the fan trade
being Wen occupied. In lines exported
10 emma there is fair movement.
| Grain quotations eased off some
what during the week, though the net
decline was small. Corn is still close Il,
the highest price since 1892. even with
a host of important influences milltat.
ing against such figures. Weather con-
| ultlohs steadily improve, making the
outlook bright for late-planted corn.
| Foreign customers have been driver,
away by exorbitant prices to the bene-
| NJ OF Russia and Argentina, and Al.
lantic exports for three weeks aggre
gated only l,S26,5S9 bushels, against 4.
eS6'5iS bushels last year, and l2.72O,O27
bushels two years ago. Meanwhile in
terror receipts steadily exceed those OF
a year ago, indicating that farmers
have large stocks carried over from
! previous excessive yields. Neverthe
less. prices remain above 60 cents. Tn.
slight reaction in wheat Is explained bI
! the decrease In Atlantic shipments 10
iSSS,tS5 bushels, against 1881. S2G bushels
m the previous week. Compared win
the exports Of l,67O,sl7 bushels lasr
| year and 2,I9S,SS7 bushels two wears ago
however there appears phenomenal
gam Pacific exports are stlll retarded
by labor troubles, and the movement
VIII be striking once started.
Failures for the week number 205 In
the United States, against III last YEAR
and 80 In Canada. against 29 last year"