Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1893-04-01
TRADE OF THE WEEK
Good Weather Brings on
Increased Distribution.
IMPORTS EXCEED EXPORTS.
A Generally Improved Situation Is
Noted in the Large Industries.

NEW YORK, April i.-R. G. Dun & Co. s
Weekly Review of Trade will say: The
fact of largest influence In the record of
the past week has been the increased dis
tribution of goods, which appears with
better weather at nearly all points. The
strengthening effect Is already felt In some
wholesale trades and even in some manu-
factures, building materials, structural iron
and steel, paints and glass; are helped, as
products
Collections already improve at many
points, though still generally rather be-
hind, especially at Philadelphia and other
eastern points. The stringency often seen
about April does not appear here, nor
are other money markets more close, pres
sure some weeks ago having led to ade-
quate preparations, but while imports
greatly exceed exports 1t is
Not Safe to Calculate
that outgoes of gold Will not again dis
turb confidence. Hence, the break In i'm
portant speculations has Its hopeful side
Instead of rising after the close of the
Lancashire strike, cotton fell 3-s, which
may accelerate exports, though stocks Of
American cotton In Europe are still
third larger than usual at this season.
Exports In four weeks at New York
have been IS, 900 less than last year, in
dicating a total for the month not far
from $76 6000,0 900, while the increase in i'm
ports at New York, has been about s1l,-
100000, indicating the total for the month
more than $97, ,00o, ,0O0
This great excess in imports, following
the excess Of s36, ,0O0..in January and Feb
ruary, is the basis of doubts about the i'm
mediate monetary future The treasury
has been gaining gold, but money here has
advanced from 1-2 to 8 per cent and tran
sactions In stocks have been mainly con.
fined to local speculators and generally
weak, though stronger on Thursday.
The Great Industries.
Trade In cotton has improved, though
print cloths are a little lower and ging-
hams further reduced, but knit goods
dealers are jubiant. Business In wooden
dress goods Is very large, with every APP
pearance of stability. Flannels have ad-
vanced and sackings are remarkably strong,
but in mems goods, while sales have been
very heavy, there Is some fear of local
cancellations as the result Of the strike in
clothing works. Sales Of wool have again
increased, exceeding last years for the
week, though the markets are nearly bare.
The strength in the shoe trade Is un-
abated, eastern shipments greatly exceed
ing those Of any previous year. Coal Is
naturally weak, with some dissatisfaction
In the pool. Lumber and building ma
terials are everywhere In strong demand;
improved distribution gives confidence to
wholesalers. Textile mills are busy, and
goods are sold well ahead. Shoes are firm,
and leather very strong.
Philadelphia notes large trade in dress
goods, notions and millinery, increasing
demand for paints and glass and for
fruits, with other business steady. Chi
cago reports an increase over last year in
trade for the quarter, especially in dry
goods, shoes and clothing. Collections
have improved and money is easier.
Business Failures
The business failures occurring through
out the country in the last seven days rs
reported to X. g. Dun & Co. by telegraph
number 1876 for the United States and 2OS
for Canada, or total of :l94, as compared
with totals of 243 last week and 220 the
week previous to the last. For the CORES
ponding week Of last year the figures were
2ls, representing l99 failures in the United
States and 11q in the Dominion of Canada