The Providence news. (Providence [R.I.]) 1891-1906, 1894-08-04
A CHANGE AT HAND.
The Business Outlook Has Begun 10
Look More Cheerful.
Some Activity in Textiles-F1na'
Action on the Tariff Is AhAi"'
Awaited.
IN, The Associated Press.

HI IHE ~ 81 |
NEW YorK, Aug. ar. q. Dun o.
Co.'S Weekly Review Of Trade Says An
important change In the state OF business
IA near at hand. Congress will act ON ths
tariff question one way or the otner, In
ali probability, within a week. 30 mucn
busluess has been deferred during she
past year, and merchandise STOCKS nAVo
been no reduced, that the mere approach
of a decision. without certainty WHAT IL Is
10 be. has this week encouraged large
preparations for increased business.
In spite of outgoing gold and SINKING
treasury reserves, small railroad earn
ipgs, some injury to crops and increased
trouble In the coke region. the tone anu
the outlook are more hopeful.
The injury TO crops BY hot winus am
drought, II a. great as some report wiz
affect all interests. but at this season luis
never easy to distinguish between local
and general damage. 80,
After tariff uncertainties have varisheo
Il will be recognized that purchases ana
orders for the coming year will depend
largely upon the crops.
A Brace In Textilea
But at present the prospect of a decision
In congress, and the common impression
that the pending bill may fall between
the two houses, has stimulated some &C
tivity in textiles. Sales OF wool were
e,522. 600 pounds, against S~,74s,ooo las.
year, and $3.50, 400 the year before sn0
for five weeks ending with July were ~
$50, tbs pounds, against l4.ASS,soo isss
year and IS, $50, 100 In 1899.
1t seems that n large part OF the safes
this week we're to fill orders actually
booked. and the rush Of belated clothiers
and dealers to get goods for the fall trade
gives most manufacturers more than they
can do for q month or two, though there
seems to be no demand whatever foi
spring goods, and manufacturers are
making no effort to get orders.
Wool and Cotton.
woo, had been advanced for many
!. Kinds I per cent, and the average Hhou'
l-2 cent after the decline Of l l2 cent
from May
The movement Of bleacbed cottons ha
4 been checked by the restoration OF prices
. as It was stimulated by the temporar.
= reduction to the lowest point on record
and the print cloth manufacturers a
Fall River, Mass, are seriously consider
:, ing a reduction in wages, the stock ther
: and ut Providence being 1,ls5,O0O pieces
I. while the lowest price ever known, 2 VI
. cents for 64s, has been made at Prov
dence. As n strike would help the prtc
= of the large stock On hand, one Is not In
probable. -,
Recovery in iron manufacture Is hi
!. dersd BY greater trouble In the coke r
:. zion. where many of the new colore
y, hands have quit and gone back to Il
soutb. and the strikers have decided
continue the struggle.
- National Finances.
Az Gold exports this week are abouts 80. 1o
Of 600. and the treasury gold reserve Is I
nv duced to about $50, 600, 900. The outgo
IN part due to unusually large imports
cir sugar and In part to pay large railro'
az and other loans made q year ago In tr
hui Of special stress.
The volume of domestic business
,c- Aeoted by exchanges through eleari
houses Is %. 9 per cent less than last ye
and 2ss per cent less than in 1892. l
provement here cannot precede, but m
on follow. recovery In manufactures.
zen The rail1ad earnings reported
pm .Julv are &c. per cent less thar last ye
40 and partly because Of the sharp declin
err year ago.. the decrease for the lat
ere week was only Ia1 per cent
nth The Failures.
Commercial liabilities thus far repor
'iul In failures during July amounted
be so. ole. 77s, OF which $4,5oo.2 300 were
rs manufacturing and A,23i.4To OF trsd
,ti- concerns, and the decrease for the mol
ia though great in comparison with last y
sdl- "A hardly as much a. has been expec.
any The failures this week have been 2lsin
uri- United States, against $50 lest year,
"A in Canada, against u last year.
nails "