The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-06-08
LABOR TROUBLES
FIGURE IN TRADE
Cause Hesitation in Some of
Principal Industries.
LOOK FOR A SETTLEMENT
CONDITION OF WINTER WHEAT
GIVES ENCOURAGEMENT.

New York. June 7.-R. G. Dun 6. Co. IS
weekly review of trade viii say: The
labor situation in many parts of the
country is stin seriously unsettled and
constitutes q reason for hesitation in
some industries, discouragfng new
operations which satisfactory condf-
tons would otherwise stimulate. But
quick decision is to be exDecfed in
some Of these labor controversies and
in the meantime trade is ENCOURAGED
Dy reports OF satisfactory condition
OF winter wheat over a large portion
OF the country AS for spring wheat
the crop was put in under very favor
able conditions and there have been
rev unsatisfactory reports. Railroad
earnings for May show go per. cent in
excess Of 1900 and 23.2 per cent over
1879, rejecting a continued activity in
the country, while at New York bank
cIearlngS gain for the week $50 per
cent OVe- 1890 ana 59.1 per cent over
1889, with gains at the leading cities
outside New York of 27.1 per cent over
1900 and 27.5 per cent over 1899. The
cessation OF manipulation in corn con-
trtbuted to a decline Of 2.1 pei. cent. in
breadstuffs-
Labor controversies have become the
FACTOR OF greatest Importance in the
leadlnS manufacturing industry.
Counting, perhaps, upon the heavy loss
which would be sustained by employ
erS in case Of suspension, the machin-
lists made what We're considered un-
reasonable demands by employers at
many points, who have AIKEN a deter
mined stand and announced that the
strikers places viii be filed 10y non
union men On Monday if they fail to
resume work. More quiet conditions
in the market and few new contracts
make this aCuiOn possible. As a rule
nl9nFIf2 turner's have
ness beyond July I and it looks as
though they had been preparing for
the conflict.
Pig iron is extremely dun. not a
sale OF Bessemer- being reported dur
ing the week at PittSbUTg and quota
tons are nominal Large contracts for
rails sustain billets and finished steel
deliveries continue heavy Shipments
OF farm machinery attract much atten-
ton while bridge building. new vessels
and track elevation prevent dullness
in structural material.
Efforts to secure advances in grain
DIV exaggerated reports of damage to
the growing crop have given place to.
more rational statements and the out
look is generally conceded TO he full
OF promise Speculative operations for
decline, however, are far from ag-
gresslve; the severe losses of the short
interest thus far this season making
traders extremely cautious. A slight
nasty covering and a sharp advance
which was of short duration, as mod
crate profits were quickly AIKEN.
Abundant production IN the United
states does not necessarily mean weak
prices, for European crops are falling
below expectations and foreign pur-
chases continue heavy. Atlantic ex-
ports for the week (fiour included)
amounting to 4.520,144 bushels against
2,S55,26l last year and d,S49, $40 two
years ago. Pacific exports also show
good gain, reaching S54,814 bushels
against 59l,O15 a year ago and 623, 600
two years ago Including exports at
Duluth and Portland Ne, the total
outward movement for the week, ex-
elusive of Canadian ports, was 5.646, 5S7
bushels, against 3,S38 364 bushels last
year and 2,74S,467 bushels in the same
week of 1899.
Shipments of boots and shoes from
Boston continue very large for the
last week, exceeding the same week of
1900 by 10000 cases and since the year
opened forw ardings have been over p
100000 cases, far surprising any pre-
vIOus record. Although the movement
is still heavy, shops receive few or
derS and It viii be some weeks before
active work begins on fall contracts.
Retailers are Offering black goods for
wear at reduced prices and it
is evident that the production of these
shoes was excessive While tan shoes
have been in much greater demand and
are pushed to fulfi1 con-
tracts. Prices are steady and jObberS
report that the better qualities are
sought.
Local distribution. is facilitated by
the warm weather and this factor is
even more potent in the market for cot
ton goods. Other textiles are helped
though less extensively.