Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1901-06-08
DuH's REVIEW.
Hoay railway Earnings and Outside Of
Strikes Business Is Good.

view YORK, June 7.-R. G.. Dun &.
SoS. weekly Review Of Trade, tomor-
row. VIII say: The labor situation in
many parts of the country Is still scri-
ously unsettled and constitutes a req
son for hesitation IN some industries
encouraging new operations which
satisfactory conditions wouli other
wise stimulate. But quick decision is
10 De expected in some of these labor
controversies and the meantime trade
Is encouraged by reports of a satisfac-
tory condition of winter wheat over n
large portion of the country.
Railroad earnings for May. go per
cent. in excess of 1900. reflect a con-
inucd activity in the country.
Labor controversies have become the
FACTOR of greatest Importance in the
leading manufacturing industry
Counting, perhaps, upon the urgency
of orders ana heavy losses which
would be sustained by employers in
case of suspension the machinists
made what were considered unreason-
able demands by employers at many
points, who have taken determined
stand and announced that the strikers
men, Monday, if they fail to resume
work.
slight furry in July wheat at Chi
caGo caused hasty covering and a
sharp advance, which was of short du-
ration, as moderate profits were quick
~ taken. Abundant production in the
United States does not necessarily
mean weak prices, for European crops
are falling below expectations and for
eiSn purchases continue heavy; At
lantic exports for the week, flour in
Guided. amounted to 4,520.1M bushels
against 2.S55,261 last year. Including;
exports at Duluth and Portland, Me-.
the total outward movement for the
week exclusive of Canadian ports was
5.646.59l bushels. against 3,S3S. 1861, last
year, and 2..4S,t61 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 forwardings have been over
1000. 900 cases, far surprising any pre-
vious record. Although the movement
is still heavy shops receive fewer or
uefS ana IL VIII Dc some weeks before
active work begin on fall contracts.
Local distribution is facilitated by
the warm weather and this factor is
even more potent in the market for
cotton goods which exhibited greater
animation than at any previous time
this season. Better movement of do
nestle goods and the consequent eX-
pectation that mills would need raw
material together with increased ac-
tivity abroad sustained cotton.
Commercial failures during May
were $40 in number and $780, 23 in
amount of liabilities, of which 201 were
in manufacturing for s2,393.126 and 600
in trading for s.. 500. 966, while in other
commercial lines there We're 81 defaults
for s.. 095.7 31.
Many roads reporting monthly earn
ings have reported for May and total
gross earnings of all United States
roads included are SIS. $50. gain of
90 per cent. over last year and 49,
per cent over 1899. While the Eastern
and Granger groups report decrease
in earnings as compared with last
year, the heavy traffic is reflected in
the earnings of all other systems and
the gain of the Southwestern roads
continues very large.