Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1893-08-26
IMPROVEMENT GROWS.
Business Fully as Good
as Anticipated.
UNEMPLOYED ARMY SMALL,


NEW YORK, Aug 26.-The imlrovs-
ment observed last week has become much
more distinct and general. While actual
transactions have increased but little the
change In public feeling Is noteworthy.
There are fewer failures, either Of banks
or Of important commercial or manufac-
turing concerns. than for some weeks past
Many disasters have been avoided by q
more general pooling Of resources, and a
greater spirit Of mutual helpfulness and
forbearance than were seen some weeks
ago.
The market for securities has been ex-
tremely dull without material decline
Money on call Is more abundant and
lower. The difficulty of collections and
the interruption Of exchanges are nearly
rs serious as ever.
Hut Few Shops Shutting Down.
The number of industri ia establishments
resuming begins to compare favorably
with the number stopping work II can
not yet be said that the army Of the unem-
ployed has begun to decrease, but the ad-
ditions to II are much smaller than In
previous weeks.
The shipment Of boots and shoes from
Boston show a decrease, compared with
last year, of 30 per cent for the week. and
2l per cent since June, and counter
mands still offset new orders at the east,
though somewhat more activity Ia reported
here and at Philadelphia on account of
sQpt thern buying. The textile manufec-
ttfes show no improvement. and dis
patches mention "a mills as having closed
indefinitely, and seven others tempor-
arily, one for the first time 10 so years,
and 1t Is also stated that 30 of the largest
I'm Maine have determined to close next
week
On the other hand, IL mills, which have
temporarily closed, have resum ed OF
machinery reported to The Textile World
In answer to inquiries, "a per cent In cot
ton and 43 per cent 10 woolen mills were
idle Aug TO- The demand for goods Is
very narrow, and uncertainty about col
lections and supplies Of currency for hands
turn the scale In many cases. Sales Of
wool are about the smallest ever known
at this season, amounting last week at the
three chief markets to l,633,9l2 pounds,
against =. l64, ,602 ponnds for the safneIweek
last year.
Stocks Are Dull.
The markets during the past week have
hob oocn dCtlNo. Al bJOCkb INC hVeTdke OI
prices changed very little and sales for the
entire week have been less than have
sometimes been recorded In single active
day. Though currency Is al premium OF
to Q per cent, the demand is less than a
week ago. Some banks have opened spe-
cial accounts for customers making cur
rency deposits, while these and many
others request ordinary checks TO be
stamped for payment through clearing
house only.
Receipts Of gold from Europe during
the past week have been %, zoe, 900, but
the Bank OF England has raised it's rate to
per cent. which IL expected to stop
further shipments Of g0ld to this country,
and the Bank Of France has lost during
the past week about el,600 900.
Missing Money.
Men ask In vain what has become of the
money. Although $50, 900, 900 in gold has
been received in August the New York
banks held %, SOC, 900 less specie, %, 400, ,00O
less legal tenders than at the end of July,
and the treasury also holds about 81, 900, 00C
less gold and $4,000, 900 less legal tenders,
and has outstanding 8,0O0,OOO more treas
ury notes. The absorption Of money, 4. Is
evident, has not yet ceased, and credit
substitutes In use are as yet poorly
supplying its place.
The failures for the past week number
40 in the United States and 90 in Canada.
OF the commercial failures In the United
States 149 were in eastern states, IS in
tIar a.,<Nf t,,~ To-