Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-06-08
The Labor Situation is Seriously
Unsettled,
THIS RElARDS ENTERPRISE
Railroads show increased Gains Pig
Iron Extremely DuiI Grain RE-
ports Generally Good,

New York, June 7.R G. Dun & Co, s
Weekly Review OF Trade will say: The
labor situation In many parts Of the
country is still seriously unsettled and
constitutes a reason for hesitation In
some industries, dlscouraging new ope-
rations which satisfactory conditions
would otherwise stimulate. But quick
decision is TO be expected In some Of
these labor controversies and In the
meantime trade is encouraged by re-
ports Of a satisfactory condition OF
winter wheat over a large portion Of
the country, As for spring wheat the
crop was put In under very favorable
conditions and there have been few
unsatisfactory reports.
Railroad earnings for May show 9.6
per cent in excess Of 1900 and 232 per
cent over 1899 reflect continued ac-
tiyity in the country, while at New
York bank clearings gain for the week
S6.S per cent over 1900 and 5g.l per cent
over 1899, with gains nj the leading
cities outside New York Of 27.l per cent
over 1900 and 275 per cent over 1899.
The cessation Of manipulation in corn
contributed to decline Of 81 per cent
In breadstuffs,
Labor controversies have become the
factor OF greatest importance In the
leading manufacturing industry Count
ing, perhaps, upon the heavy loss which
would be sustained by employers In
case Of suspension the machinists made
what were considered unreasonable de-
mands by employers al many points,
who have taken a determined stand
and announced that the strikers places
will be filed by non-union men on Mon
day II they fail 10 resume work. More
quiet conditions I'm the market and Il
few new contracts make this action
possible. AS rule manufacturers
have not sought business beyond July
LIST and 1t looks as though they had
been preparing for the conflict
Pig iron Is extremely dull, not sale
OF Bessemer being reported during the
week at Pittsburg and quotations are
nominal. Large contracts for rails sus-
tain bllets and finished steel deliver
les continue heavy. Shipments OF farm
machinery attract much attention,
while bridge building, new vessels and
track elevation prevent dizziness in
structural material
Efforts to secure advances In grain by
exaggerated reports Of damage to the
growing crop have given place to more
rational statistics and the outlook is
generally conceded to be full Of promise,
Speculative operations for a decline,
however are far from aggressive. the
severe losses Of the short interest thus
far this season making traders extreme
ly cautious. A slight furry in July
wheat at Chicago caused hasty cover
ing and a sharp advance which was Of
short duration as moderate profits
were quickly taken
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 exports
for the week. -four included. amount
ing to 4520lA bushels against 2,S5j, 2Gl
last year, and 1,Si9,373 two years ago.
Pacific exports also show good gains,
reaching S5l.Sij bushels against 59l,Ol5
a year ago, and G23 900 a year ago In
Guiding exports at Duluth and Portland,
Me. the total outward movement for
the week exclusive Of Canadian ports,
was 5,64G597 bushels AGAINST S,S3S,S6i
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 eases and since the year
opened forwardings have been over
20O0.000 cases, far SURPRISING any pre-
vious record. Although the movement
fs stlll heavy shops receive few orders
and IL will be some weeks before active
work begins on fall contracts. Retail
ers are offering black goods for sum
mer 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
manufacturers are pushed to fulfil con-
tracts. Prices are steady and 1obDers
report that the better qualities are
sought. Local distribution Is facilitat-
ed bv the warm weather and this fac
tor is even more potent IN the market
FOR cotton goods. other textiles were
helped. though less extensively