The Providence news. (Providence [R.I.]) 1891-1906, 1894-08-18
WHAT DUN FINDS.
Some Recovery in Business Apparent
This Week.
The Boot and Shoe Trade Shows q
Better Feeling Than Other Bran
ches OF Trade-Other Conditions.

Byfhe Associated Press.
NEW YORK, Aug. 1e.-R. &. Dun q
Co.'S Weekly Review of Trade says: The
new tariff bill, II signed by the president,
as expected, provides q definite basis for
business. While IL 10 not wise to look for
great "boom," there II warrant for a
reasonable and prudent hopefulncss. 1t ia
too early to look for effects Of the new sit
uation In the great industries, but tho
grand recovery, which has appeared for
some time, Is seen In . better demand for
products
Speculation in wool has been stopped
and the sales, which have been 6,829, 750
pounds for the week, and 4.b5s, $50 for two
weeks OF August, against 1897, 100 last
year and 10, 1856 300 in 1892, naturally di-
minished on Wednesday and Thursday,
rs IT is expected that the recent advance
may be lost, though ne change yet ap-
pears.
AS wooden manufacture has the old
duties with free wool until Jan. /, orders
are expected TO be governed by the oon-
suming power of the people with the 40
cumulated business so long deferred, and
while recent trade has been enough to
crowd the mills a. work on some special
ties, it has been far short of the capacity of
all the works In the country.
Makers will be pressed within the next
week to put prices on spring goods, of
which few lines are open.
slight Increase In Cotton Trade.
Cotton manufacturers have been carry
Ing extraordinary stocks OF goods for the
country, and the strike threatened at New
Bedford, Mass, will not alarm thsm, but
the reduction Of wages seems likely to be
accepted at Fall River, Mass. A slight
increase In transactions is reported, ,bsy-
ers and sellers having at least Q common
basis for settlement.
Iron and Steel.
Resumption by iron and steel works.
which were stopped by the strikes, con-
unues TO depress prices of some finished
products, but with more furnaces operating
prices OF pig iron are not lower. Com
parsons show fall in prices ranging from
20 to ~ per cent in iron and It's products
since October, 1890, which sufficiently ac-
counts for the idleness of more than q
third OF the works. The demand for
structural forms seems smallers, and does
not increase for railroad uses, though
traffic improves, but for some other pro-
ducts Is better.
Boots and Shoes.
The boot and shoe industry leads all
others in recovery from depression, and
shipments from Boston for two weeks are
AZ per cent larger than last year, orders
for low-priced goods pressing shops that
produce certain qualities, although most
manufacturers are working on orders COW
ering only week or two. Demands for
speedy delivery and numerous sales from
stock indicate that jobbers are carrying
short supplies.
Grain and Provisions.
Speculation in corn has been active, the
price falling cents, rising pa cents and
falling2 cents, with various reports of in
jury, which In some of the great states is
undoubtedly severe. White western re-
ceipts in two weeks have been only 2,4Ss-
b7S bushels, against 4,37S, 103 last year; the
high price explains exports of only 541 ,6S5
bushels, against 30Sl, ,90S In the same
weeks last year.
Pork advanced 80 cents, lard 80 cents,
per 100 pounds, with justification in the
injury 10 corn. Wheat is about / cent
lower, western receipts being very heavy,
for two weeks 106s0,4lS bushels, against
B, ,940,5s last year, and it is claimed that
Minnesota and the two Dakotas will
yield l25, 900 900 bushels the second largest
In their history. Atlantic exports are
small, In two weeks 2,679,546 bushels
wheat, against 6,376, ,t6S last year.
Cotton had advanced l-16 cent, without
worse prospects. The value OF cotton ex-
ported In July was 81, 4o2, 900, or 4s per
cent less than last year, and the value Of
breadstuffs was 81, 1885, $685. against $40, 49, |
'6o or 5s per cent less
Liabilities of firms failing in the week
'nding Aug Q are little larger than Of |
ate, ~, e94, $50, Of which t1,04I, ,4e1 were of |
manufacturing and sl,60s, los of trading
Full returns for July show an |
aggregate OF $ll, ,291 ,805. The failures this
week have been 2o6 in the United States.
against 455 last year, and 40 in Canada,
against "a last year.