The Providence news. (Providence [R.I.]) 1891-1906, 1894-07-28
RAILROADS ARE BUSY.
The Textile Market 10 Improved
Business in Boots and Shoes Con
tinuos Good.


In w
NEW YorK, July 2s.-R q. Dun q Co.'S
Weekly Review says, The heavy outgo
Of gold, the fall of the treasury reserve
and of the price Of wheat - the LOWEST
point on record, and the Increasing an
certainty about the tasin, . ' entirely
overshadowed other Influences.
Business delayed for months By the two
great strikss now crowd railroads and
swell returns, and gives the impression OF
revival In business. But ID IN NOT yet
clear how far there In an increase In new
traffic distinguished from that which has
been merely blockadsd or deferred.
In some branches there has been more
activity, but In others less. because events
early this week led many to infer that no
change of tariff would be made. But the
uncertainty Ii not removed, and much OF
the business dom seems to be In the ma
ture Of insurance against possibilities.
Freight. which was delayed " the
blockade, now crowds the railroads and
doubtless ccounts In . large degree for
heavy western receipts Of wheat But
earnings show little gain.
Wheat and Cora
Wheat 10 found deeper still, and has sold
below IS cents. making the monthly ~
erage ut New York the lowest ever known.
Western receipts have been 4,455. s7<
bushels, against 8, l2o, e9s last year. in part
because Of delayed shipments. but the
movement from the farms has been heavy,
while Atlantic exports have been only
1911, oo4 bushels, against 2.os7.05 5 last
year,
Corn was stronger. with accounts Of In.
II lnr- 20 mart NJ fha oroU and tha eynnFtx
are trihinR.
Cotton declined 1-1eth to Z cents, though
receipts from plantations were small
Onicial reports count for nothing II
comparison with visible stocks
In the stock market there were some Wild
fu ctuations, mainly In trusts Affected b.
pending legislation. or In bankrupt rail
roads, which are discreditsd by the dis
closures In Atchison. Naturally gold ex
ports. and the condition Of the tressurl
check any upward effort.
Textile Industries.
Textile industries have been psrcepti
bly, stimulated, according to dealers, b,
Engagements, which many suppose ma.
prevent a change Of the tarih, and ther
has been more buying of cotton goods
with slightly higher prices for q few, not
wi~thstanding the closing OF some impol
tant mills.
Sales of WOOL have been greatly swslls'
by speculation, in the belief that wool
not likely TO decline in any event, bu
may advance sharply II tarih change
fail. Sales for the week were 9.Qs4. 10t
against 2, 1874. 500 last year, md .. 1lb, 800 !
1892. In four weeks Of July sales hav
been 22, 359, Pas pounds. against l0.o96, ~
In 1895, and 20, $50, $50 In 1892.
Iron, Bsots and Shoes.
While scarcity Of coke delays rssuml
ton Of " ork in many central and westsr
iron mills, the light inquiry for nnishe
products at Chicago and the disappoin
ing demand for most kinds ct Pittsb uI
raises doubt whether material incrsai
can be expected when the tariff question
put of the way.
The business In boots and shoes col
tinues good, and shipments for for
weeks of July have been 1900 cases,
4 per cent, larger than last year. and 60
cases, or IL per cent, less han in 1891 q
1891, but orders for women's light goot
appear to be s~lackening.
Failures for three weeks of July cor
pare well, of course, with the panic perfs
last year, commercial liabilities beir
q, 3i7. 500, Of which "a. $50, 93S were Of ma
u~facturing and s.. 4sS. oil Of trading CO..
Germs. Commercial loans are expands
but little, and great caution still mai
tains ~soundness. For the week the fsl
ures nave been 24y In the United State
$50 last year. and In Canada 30. against