The Providence news. (Providence [R.I.]) 1891-1906, 1894-06-30
BUYERS ARE WAITING.
Present Prices Of Iron and Steel Pro-
ducts Are Too High.
The Cleaning Up Process Has Met
with Success in the Textile BUSH
ness:


Bp The Associoted Press.
NEW YORK, June 80. --R q. Dun 3 o. =
Weekly Review Of Trade says; The great
strike of coal miners has ended ~ most
points, but another threatens TO interrupt
business more seriously for q tine.
though the number Of hands engaged il
comparatively small. Travel and traffic
are well nigh arrested on about 30 west
ern roads already, and strikes are threat
ened on all roads who use Pullman cara
The resumption OF wsrk In mines and
mills has made good progress, but tho de-
mand for products Ia ~ jet smaller and
less urgent than was expected. Buyers
apparently wait for lower prices of iron
and steel products, which manufacturers
are slow to give, In view of the increased
cost OF materials and produs stion.
Shipments Of boots and shoes feom Bos-
ton were smaller for the week than last
year, but for four weeks of June were
843, ,022 cases against S2s ll0 last year.
waiting Foe TariR Settlement.
Textile manufacturers are much en-
barrassed by the near approach Of prob
which cannot yet bs calculated. In spite
purchases. the number Of mills quitting
work Is not yet - large ~ wss expected.
for there appears httls more demand
from clothiers and jobbers
The cleaning-up process has been 40.
celebrated with success by concessions In
some cotton goods, but fall orders are:still
limited and the accumulation OF goods
continues.
Somewhat better orders in woolens,
particularly in low priced all-wool goods.
and In clay diagonAls and worstsd chsyi-
OTIS, though not large In amount, give
hope Of larger trade. But the mills are
buying cautiously. and sales Of wool fell
below last year 2, 7ss TOO pounds for the
week, against a.l42.oo0.
In four weeks of June two years ago
sales were 90. 700. 25o pounds, last year only
9,759. $40 and this year 1i.667. 7S< pounds.
Growers and other holders Of wool seem
disposed to demand higher prices than
can now be paid, but receipts from the
interior are liberal, and exceed the pres
ent demand.
Wheat has declined cents, the year
closing with Insignificant exports, for four
weeks OF June only 2.920. .62o bushels from
Atlantic ports, against Q, 9,o1J. ~ last year.
while western receipts have been $3.50. $50
for the same weeks. against 9, .9i2 last
year, q much smaller decrease.
Corn has declined rs cent, receipts be-
ing larger than Of wheat, aud q heavy
crop IL expected.
Pork products are also shade lower.
Cotton has yielded . sixteenth, as specu-
latiop against the enormous stocks in
sight grows tiresome.
The Failures.
No correct statement Of failures for
June OF the half year IL yet possible. but
our weekly returns show gratifying inn
provement over last year In June the
failures have been about $50 aud In the
half year about 7i00. The aggregate has
been tl3. lsS. .465 against ti3. BIS, go In May.
ts,sl6 s62 In April and 500 4ss. 800 In the
half year. The classified returns show
about al, ,000.O00 Of manufacturing and
s52. 900 0ce Of trading liabilities.
In Oanada the failures, part Of June
lacking. were i0ss, and the commercial
,iisbilities over u. eoe, 900. about tG20o. 900
being of trading concerns.
This week TIE failures have been 2i4 in
the United States. against 9o7 and 80 In
Canada. against "a last year. or late the
number and importance Of failures have
increased htsia - y usual near Ne
elsss Of . hAn xsAA