The Providence news. (Providence [R.I.]) 1891-1906, 1894-07-14
SUBLIME CONFIDENCE
Iu Our Country's Stability Shown by
the Business World.
Signs OF Actual Progress Toward
Recovery From Recent Great Dis =
turbances.
Ru The Associated Press.

new YORK. July AR @. Dun's
Weekly Review of Trade says today:
When circumstances are duly weighed.
the strength and soundnsss OF business In
this country during the past two weeks
are amazing. With the second city In the
country in the hands OF lawlcss and
murderous mob, besides many other cities
and towns, with railway traffic almost en-
tirely stopped over the vast area between
Toledo and the Pacific. with presidential
proclamstions declaring the existence OF
an insurreotion and the passionate answer
ordering half million men to stop work,
with q prolonged strike OF coal miners
not fully ended in many states. and with
differences between the house and senate
on tho tariff question SO wide that duties
affecting mining and manNfactures can
not be anticipated, industries and trade
have nevertheless gone on with sublime
confidence that the people and their gov
ernmsnt would boon restore order.
The shrinksgs Of business and the de-
preston of values have been unexpsot-
edly small, the failures relatively few and
unimportsnt, and there are even signs In
SOME industries of actual progress toward
recovery from previous troubles
w hcoe - shShUy AV"~As ~ PAN'SahA
disregard of the government report In
dicating a yield of less than 400. 000. 900
bushels, and as the official estimate of
yield in 1898 was more than loo. .00o. 900
bushels short Of actual exports and con-
sum mption, It is readily assumed that
another discrepancy as large may spring
from similar causes. Receipts and ex-
ports In the present disturbed condition
of br, "A N eau NOT siUui6cant
Corn has advanced a little, though 40.
counts indicate good yield.
The Industrial Situation.
Cotton has declined an eighth, with
more favorable information as to condi-
tions, and the years records have 30 dis
credited Official aud other estimates that
little attention IL now paid to them. With
stocks Of American abroad about as large
as year ago aud the demand for cotton
goods visibly narrowing. weakness In nat
ural. Cotton manufacture has reduced
productions somewhat, though most Of
the mills continue to pile up goods, and
the stock OF print cloths il 1S0, 900 pieces.
Dullnsss is commonly ascribsd and partly
due to disturbed conditions at the west
and south. 80
The same cause affects wooden manu-
luCbuTtSs out icSS oikeSeiys uhu sno Ciosu-
iers have postponed orders SO long that
their efforts to get merely the goods they
must have now sivesA better tone. Or
ders are small. but In number such that
fewer mills have closed since July 10
than was expected, and sales OF wool for
the week have been 8.SSS.000 pounds,
against 3. .643. 700 last year. and 6.1lS.9 In
1897.
The shoe factories In this quarter are
closed, but at the east have generally re-
sumed earlier than was expected, and
numerous, though small orders, mainly
for medium or low priced gvods. make
up fair aggregate of business Ship
ments from the east for two weeks OF
July have been l52 20S cases. against l4S,-
755 last year.
The output of pig iron, which dropped
from IL, 0,2l0 tons to 2,5l7 weekly In May.
because Of the miners strike. had only re-
covered to IS $50 tons July ], and it is un-
certain whether 1t is larger now, for nu-
merous western works have been stopped
by the railroad blockade.
= -The decrease In the failures exhibited
last week Is followed By good returns fol-
July thus far. Reported liabilities In the
first five days were only $Sll,6 though
mail delay kept back some western re-
turns. The number of failures during
the past week has been 2S7 in the United
States, against S74 last week, aud In Can
| ada 40, az ainst 25 last year.