Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1893-09-30
WAITING AND HOPING
Anticipatio1s That Failed
10 MateriaIize.
GAIN IN COTTON MARKET.
A Week Of Dull Business Due to the
- Senate's Dilatory Action. = J

NEW YORK. Sept 3D.-R. G. Dun & Co..
Weekly Review of Trade says:
A complete statement of failures for the
quarter which closed last night Is not pos
sible, but the number thus far reported Ia
about 400 aud the aggregate Of liabilities
about tl50,OOO, 900, greatly surpa ssing the
record OF an previous quarter.
For the past week the failures have been
800 In the United States against III last
year, and in Canada "a against 81 last
year.
Hope deferred" xplains the past week
In part, and il is doubtless true that many
INDUCED unreasonable hopes, hut bust
ness has not entirely answered expecta-
tions. A feeling OF disappointment In
commonly ascri bed To delay Of action on
the silver bill in the senate. IL Is also
true that many works which have re-
sumed operations do not find orders IA
large or the demand from consumers as
vigorous as they anticipated, and with
some IL Is question whether they will
not close again. While money on call has
been abundant and cheap, and about
a, ,OOO, OOO clearing house certificates have
been received, there is perceptiblc greater
caution in making commercial loans here
and some western points.
Wheat receipts decrease again and fall
far behind last years. but stocks In sight
are too heavy, and the price for December
fell neatly cent. Corn continues TO come
forward freely, and crop reports are not
more unfavorable, but the price fell 3-S
cents. Cotton declined about 8-l6,
with no great change In the movement or
In crop prospects. and with increasing
work by the mills in this country. When
stocks are unusually large their very
weight ~ times overbalances all other
considerations.
Stronger Market For Cotton.
The cotton manufacture is gaining
more than any other, and there IL a
stronger market for print cloths and
prints, while some reduction has helped
to stimulate trade in other goods. The
enormous decrease I'm production for the
past two months begins to be felt and
sales are larger, though much below the
usual quantity.
Trade in wooen dress goods is better,
and there is a little more demand for mems
woolens, though not enough to keep en-
ployed the increased number Of mills now
running Clothers are cutting up more
goods. IL is said, but the change is not
greater than preparations Of samples for
ANOTHER season might cause, and there are
noticed attempts to clear of old stocks
by opening reta all stores and selling at man.
ufacturers' prices.
While IS manufacturing concerns are
as st rting wholly or In part,
against 20 closing or reducing force, more
than y third Of the increase has been in
cotton mills and another third In machine
shops, nail mills, manufactures of stoves
and hardware, tools and cars, while In the
iron manufacture proper only seven con-
Germs have started against 80 that have
stopped, and the outlook does not seem
brighter.
Chicago IL adding to her marvellous
buildings, and In sti uctural and some
other forms the demand at that point Is
clearly increased. But the closing Of the
largest iron mine In the country, the
Norrie, indicates the limited character OF
the business.
The return Of money from the interior
large, and plainly reflects less
activity than usual at this season In do
mestic trade and industry.