The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-11-01
In the Business World.

In the Business World.
The great factors Of an unfavorable ma
ture, that from time to time work into
the financial situation, are often the re-
suit Of other adverse influences that have
passed The damage resultant from the
continuance of such an element over a
considerable period Of time is measured
not alone by the waste attendant upon
1t directly, until it reaches the. point, OF
eradication, but often BY a. later growth
beginning after the thing itself has been
destroyed. ~. i
The coal strike has passed. This great
obstacle to progress Is removed, and It's
influence it was hoped had been spent In
full. But the strike had lived for months,
had borne hard upon the country in every
way, and in passing had scattered the
seeds of disaffection over. a wide area.
And the world of labor. so impregnated,
has been nurturing the seed and foster
ing the spirit of unrest until at the, close
Of this week the labor situation in the
west is serious enough to- warrant sonaer
thing of apprehension for the future..4#<
1t Is impossible to look about with clear
eye and unbiased mind without seeing on
solidity. But as the good seaman, safe
in the staunch ship takes careful note of
the dark speck on the horizon, so one
may, without a trace of pessimisn1, note
the gathering cloud that rises on the
horizon Of the financial and business
world. @s>
The settlement of the coal strike under
terms placing the victory nominally at
least, with the men, has inspired other
labor organizations to demand increased
wages. Mischevious and often poorly in
formed writer's have been dWellngs with
the greatest force upon the admitted fact
of the increased cost of living, ignoring,
however, every. modifying element &C
companying the: rise. The workingmen
have been told that they are not sharing
to sufficient extent in the general pros
perity, as witness the recent declaration
of democratic state convention to the
effect, substantially, that We have been
-A~OA
is grumbling heard in labor circles. not
in any case arising to the point Of alarm,
but clearly indicating the growth Of dis
satisfaction. What this will amount to,
whether there is to be aGrepetition of the
killing of the goose that laid the golden
egg remains to be seen, but there Is suf-
ficient evidence of disposition to make
large demands, especially in the building
trades and in the railroad service to just1-
fly some apprehension.
Next after this there is the election
uncertainty which will not be with US
another week Much talk has been sent
abroad from New York as to the necessity
for hesitation until the outcome is clear.
So much of this has it's origin In Wall
street, that it is difficult to determine
| what part is really due to business con-
servativeness and what part to the bears
| in the stock market. - 49, -, :. ->a,-. =:
The northwest would welcome turn
| of bright, cool weather.. Business In the
aggregate was hardly up. to the mark
such weather as this morning brought
| having covered a portion of the week,
| holding back retail demand in some de-
| gree.
| The week in it's early part witnessed a
/ rise to 73Ac for December wheat, but
on later trading a 2-cent reaction was
| made. This was hardly surprising In
view of the almost uninterrupted rise for
three weeks that carried December up
from 67kc. Flour demand has not been
quite so brisk, but the Minneapolis mills
are oyersold to Dec i, and are grinding
about 100000 bushels of wheat every
week. Receipts here meanwhile are mod
| crate and even with the increase of 7s1, 10;
i bushels in stocks last week, and another
| increase of 6O3624 bushels this week
! there is a total of only 3,057,133 bushels
i in Minneapolis elevators a remarkably
low stock for Nov 1. s..5..,, II
The transportation situation Is, If any
thing. little worse the railroads having
hard work to handle the freight. All ove1
the country side tracks are filled will
loaded cars, while in the northwest thu
4 grain shippers complain that even afte1
! they get the empty cars and load then
i out it is often seven to twelve days before
!. they reach Minneapolis. -, III :. - !