The Providence news. (Providence [R.I.]) 1891-1906, 1894-08-25
CHEAPER GOODS.
Demand Growing, but Only for
Much Cheaper Articles.
Too Early TO Predict Any Stable Re
vivai I'm Busincss--No Important
Change for Better Yet.

New YORK, Aug. 25.--R. G. Dun & Co. 3
Weekly Review of Trade says: Changes
during the past week have not been def
mite nor very Important. As the presi-
dents final decision regarding tho now
tariff is assumed, but not yet clearly
known, part OF the hesitation which ap-
pears may be attributed to the lingering
uncertainty which must soon terminate.
Other conditions, II not entirely favora-
BILE, have at least not changed for the
worse during the past week. The injury
TO corn is less than many apprchended, but
Is still believed TO have reduced the yield
about 10000, 600 bushels. The strike of
coke workers and coal miners has ended,
and while the lockout of cotton operatives
Is important, IL Affects the earnings and
livelihood of much smaller number
The business 50 long delayed by tariff
uncertainties begins TO come forward, SO
that transactions in many departments
are larger than OF late, and on the whole
larger than at the time of especial stagnar
ton last year, but IL Is still too soon to
determine how far the satisfaction Of
postponed demands will set idle hands at
work or raise transactions toward the
normal volume. But 1t is healthy sign
that the gain thus far is gradual and not
spasmodboor Eighty in appearance
Boots and shoes Are booming.
In all the great industries some increase
10 demand for products has appeared, and
the boot and shoe trade continues 10 lead
Others in recovery, as shipments from the
east not only exceed last years largely,
but surpass those in August OF previous
years. Economy appears here in purchases
Of CleHnar nnalifiAa L.n i,.
chases of fewer pairs or cases, and the de-
mand Is largely for speedy delivery reflect
ing unusual reduction of stocks.
The Cotton Market.
The cotton manufacture, which has
been employing larger portion Of its nor
mai force than most Others, and accumu-
lating goods greatly In advance of current
demands, has about $4,000 workers on
strike at Fall River and New Bedford,
Mass, to resist "a proposed reduction Of
wages, and the mills have been closed,
with the apparent expectation that the
difficulty will last some weeks. A somc-
what increased demand for goods has ap-
peared, but perhaps not yet as great as
many have anticipated.
Cotton fell shade, mainly on account
OF curtailment of consumption by the
strikes, but recovered. Accounts from
the south continue to promise yield con-
siderably larger than that of 1893.
In the iron and steel manufacture, tho
demand for finished products increases.
but Is at present not as large ache ca
pacity of the works which have endeayored
To resume operations, SC that their COM
petition results in prices nearly as low as
have been reached at any time.
Staple Products.
About 1,6oO, ,000, 600 bushels Is now the
more common estimate Of tho yield OF
corn, which will leave nothing for export.
and falling below full supply for feeding.
will materially affect prices of meat for
the coming year.
Wheat has beent stronger, In spite of
such favorable reports that q yield OF
bOO,o0O,0O0 bushels or more is commonly
expected. Receipts at the west for the
week were 4,eo4, 228 bushels, against Q. 724.-
piO last year, and Atlantic exports only
l,437,435 bushels, against 2,0o5, 427 last
year. Hog products are only q shade
stronger.
The liabilities of firms failing for the
second week of August amounted to only
81 ,6l3,369, and for the last three weeks to
only s1,262, ,076, of which e. 633, 200 were Of
manufacturing and So, 7s7, 800 of trading
concerns. The failures this week have
been 23i in the United States, against 40
last year, and 20 in Canada, against 20 last
year.