The Olneyville tribune. (Providence, R.I.) 1893-189?, 1893-11-04
review OF BUSINESS
Slight Improvement Noted
Since Silver Repeal.

i, Came Too Late, However. to Have
Any Material Eject on Hall Trade,
Farmers sin Economizing, and
Storekecpers SparinS i'm Purchases
Nzw YoRK, Nov. 4.-Telesraphic ad
vices to Bradstreet from many OF the more
important business centres are that some
Elects Of the passage OF the silver purchase
repeal law is reflected in 'an improved
rone in financial circles, and the growth
Of confidence Of merchants ia the outlook
Bat it should not I've disguised that the re
peal istoo late 20 have an effect on fall
5radc. Repeal meaning merely the re
moval OF a prime cause OF recent panic and
sringency and resulting in contraction oi
trade, time will be required 20 build up
what has been torn down.
Slight Improvement Already.
Far. seeing merchants interviewed wise
y admit little prospect OF a revival in gen
sral demand this year. Manufacturers
and a large proportion Of industrial work
ecs in eastern and centra western states
are still idle or on greatly reduced wages
The esrlist reported effect OF repeal Is
seen in an improvement in demand for
commercial paper at New York and some
other centres. The only improvement in
demand for general merchandise this week
slight, at Minnesota, Wisconsin and
Iowa cities. In the cotton growing dis
tr.cts OF the south collections are i'm
proved. The like is true in Illinois. Mis-
souri, and Nebraska grain growing dis
tricts, but the country people are econo.
nizing rigidly, and interior storekeepers
therefore refuse to buy except for immedi'
s5s needs, although stocks are light.
Still Dull in Staple Lines.
Travellers in staple lines south aud west
and southwest report that seldom has
trade ever been so dull; that merchants
will not anticipate wants at any price.
The long prevailing stagnation in iron and
steel and the woolen industry shows no
sign OF an early change. The cotton
manufacturing industry is relatively bet
ger situated. There is evidence, too, OF
more activity in shoes, brown cottons, to-
bacoo and anthracite coal. The north
western lumber cut will be short this
winter, but lumber now is generally quiet.
Clothing has had a Disappointing tall de-
nand, and tanners are waiting for shoe
manufacturers TO buy stocks Of leather.
surprising Gain in Bank Clcarings.
Bank clearings for October show sur
prising gain, aggregating SS9S3, j96, 900
81 cities having comparisons for four years.
an increase of 90 per cent. over Septen.
beg. which was low.water mark Con
5rasted with October last year the decrease
i3 - per cent. and with two preceding
Octobers the falling off is still heavier
For ten months clearings aggregate $45,
-44, 364 900 or nine per cent. less than in
Ten months OF 1892.
Wheat is of again on heavy supplies,
the total available in the United States
and Canada, in and aHoat for Europe. being
112, ,925, 900 bushels, the heaviest Novem-
Der total on record.
The New York stock market is dull and
depressed by the heavy liquidation and
realization Of speculative profits which
followed the passage Of the silver repeal
DILL Inc bbreeI Is ulSdppOlubeO az Oud
failure of the buying power which that
event was expected to bring iu from the
public both hero and in Europe.
Moderate Activity in Some Lines.
There is n better tone for lower grades
o, brown cottons at Boston, but the out.
look for wooden manufactures is no better.
The clothing trade is backward, but the
outlook is for increased activity among
shoe manufacturers Philadelphia dry
goods commission houses are more hope
tul. and demand for shoes is flrner, but q
better demand there is found only for to
bacco Baltimore jobbers report a some
what better demand from the south for
shoes, heavy and light hardware, millinery,
fancy goods and glassware. At Pittsburg
jobbers are buying tor immediate wants,
although business in hardware, drugs,
shoes, groceries aud dry goods shows mod
crate activity. At Buffalo the demand
Tor and movement OF anthracits coal are
lair. and stocks OF lumber are ample,
with holders firm.