Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1893-09-16
THE BOOM CONTINUES
Decided Improvement in
Business.
UNEMPLOYED DIMINISHING.
Large Foreign Investments Have Not
Yet Materialized.

NEW YORK, Sept. l6.-R G. Dun g.
Co.'s Weekly Review of Trade says:
Returns from every part of the country
show "a decided Improvement Hopeful
feeling prevails, money grows abundant
at speculative centers, and somewhat
easier for commercial purposes Weekly
failures have declined about half In num-
Der, and more than half in amount of liza
bilities.
The number Of establishments reported
as resuming work, 81 wholly and 20 in
part, still exceeds the number closing, 33,
for the past week, besides 10 reducing
force, so that the hands employed have
somewhat increased. The number unem-
ployed is still very large. the great indus
tries are still far below their normal pro.
ductiveness aud part of the resumption Of
work has been secured by lowering prices
and reducing wages But business IL pull
ing itself together, aud even the crop re-
port has caused little depression in stocks.
The government report last Saturday
was the most dismal for many years
Western receipts of wheat for the past
week were only 5,26l,272 bushels against
7,17,l6S last year, and Atlantic exports
only l,7Ol ,05i against | 1856, 7iS last year.
The government report also indicated a
large decrease in the yield of cotton. The
price rose an eighth, helped by the re-
sumption of work in many cotton mills
The industrial improvement is largely In
cotton. About two-thirds of the Fall
River mills are operating but at a reduc-
tion Of 10 To l3 per cent In wages, and
there has been sharp cut In prices Of
some leading cotton goods.
Industrial Movements.
or the establishments resuming IL were
in this manufacture and five in knit
goods. OF the wooden mills 10 stopped
wholly and six in part, while three wooden
and two carpet mills resumed. Heavy pur-
chases of wool began at the end of last
week, in part apparently speculative, and
at the three chief markets the total for the
week was the highest since May l. though
only 4,356, 800 pounds, against S,Sl2,000 for
the same week last year.
Several shoe factories have started in
part but orders are said TO be not enough
To keep half the force busy, though dis
tinct improvement is noticed. Shipments
from Boston for the week show a de-
crease of 40 per cSsr. Several glass, pot
terry. hardware aud silk establishments
have resumed, with numb Der making
iron specialties, though not many with
full force. Expectation of large foreign
investments is not yet realized, and ex-
changes have declined toward the gold ex-
porting point, us future exports of prod
ucts are liable To be restricted by the
short ness Of crops and the advance In
prices here.
Exports last week were large, and for
two weeks have been 30 per cent more than
last year, While decrease Of $500, 600
appears in imports for two weeks, it is
largely due To the fact that the values of
coffees and sugar from Brazil were stated
last year in paper worth about 40 cents
on 81.
The failures reported this week have
been in the United States only 3l4. against
B2l for the previous week and l54 last year,
and in Canada ~ against 2S last year.