The Providence news. (Providence [R.I.]) 1891-1906, 1894-08-11
A SHORT CORN CROP.
Threatens to Cause a Serious Loss to
All Consumers.
Business on a Gambling Basis Owing
to Continued Uncertainties on the
Tariff.
Bp Tie Associated Press.


NEW YORK, Aug 1l.-R. G. Dun g. Co. 8
Weekly Review of Trade says: With
changes every hour in the prospects about
the tariff and . decision expected every
day, business has unpleasantly resesnbled
gambling. Orders and purchases have
been largely based upon individual opin-
ions regarding the legislative outcome,
and a vast amount of business has been
deferred because the decision was yet In
the future.
In such circumstances the present indi-
cations and conditions are OF comparatively
little value, but the startling advance in
corn discloses general belief that the in
jury TO this most important crop has been
so great ~ to affect materially the traffic OF
railroads, the demand for manufactured
products and tho cost of meats for the
coming year.
Unless the markets are entirely deceived,
the country has to face n real calamity in
the loss of something like 500, 600, 600 bushels
of corn, and this loss consumers have to
share through the advance of IA cents in
two weeks and cents since Friday of last
week.
Neither official nor unofficial statements
as yet preclude the hope that the loss may
prove less serious, but at current prices
1900, 900 900 bushels would cost as much
rs 1000, ,0o0, 900 bushels would have cost u
fortnight ago.
Wheat has risen 8 1-2 cents in the fort
night, and l-2 during the week, although
western receipts have been 8, ,223, ,12S bush
els against 3,162,69i last year. Atlantic
exports are still about half as large as a
year ago, 1880, ass bushels against 2,734, ,7s4
last year.
Pork products are little stronger, as is
natural. Cotton has twice risen and again
declined 1-16 cent, with increasing pros
poets of very large yield, closing without
change for the week.
Good Boot and shoe Trade.
The business In boots and shoes Ia
strong and healthy, though conspicuously
confined to medium and low priced arti-
cles, such as rs cent shoes for men and SIS
to 80 cents for womens wear, but ship
ments from Boston have been in two
weeks 1868 cases against 1886 last
year.
Demands for textile goods clearly rep
resent exhaustion of stocks and continu-
ing needs for consumption in the main,
'hoiN h"o oPi uiie up duitc
lative business on the possible failure Of
tariff legislation. Lower prices in some
cotton goods have encouraged larger op-
erations, and the proposed reduction OF
wages at Fall River Is announced, ms yet
without olcaf Indication whether it is TO
be followed by strike. Weelens for win
ter go a. before, and the opening of spring
goods dis~leses n decline of about 1917
cents on the average from last years prices.
but the goods are not urged by makers nor
hungrily sought by buyers.
Wool.
EThe sales Of wool would have been
larger, according TO reports from the differ
snt markets, IL there had been sufficient
stock available, but amounted 10 1923. 400
pounds at the three eastern markets.
against {, 9,22o,70 pounds two years ago.
Country holders of wool do not at present
appear TO be anxious to let somebody else
speculate on its price, and are said TO be
keeping back supplies quito generally, al.
though receipts mt Chicago were 1850. .05l
pounds for the week, against l,127, ,O99 for
the same weok last year
The failures for the five weeks ending
Aug. showed liabilities of sll.I44.7l3. OF
which t5,626, ,594 were Of manufacturing
and $5,290,e47 Of trading concerns. Tho
failures during the past week have been
psi In the United States, against 3gl last
year, and b In Canada, against 2S Last
year