The Providence news. (Providence [R.I.]) 1891-1906, 1894-09-15
A SHORT CORN CROP.
The Principal item Which Is Now
Disturbing Trade.
A Fair Business In woolens-FIurry In
the Dry Goods Trade Has Abated-


NEW YORK. Sept. l5-R. g. Dun & Co.'S
Weekly Review of Trade says: Business
has met no setback this week and contin- 4
ues larger than early In August and
larger than year ago directly after tRe
panic.
Loss I'm some directions Is explained by
crop reports, for the most favorable es'i-
mates of experts put the loss OF corn az
about 400 000, 900 bushels, whereas the gov
ernment report is by some Interpreted as
meaning a loss of ,000, 900, 900 bushels. Inc
opinion of the trade does not favor tne
official estimate, and the price has not risen
at all during the week, though receipts
have been very small :,
Exports have practically ceased, ana All
realize that the shrinkage OF 4oo,ooo,Vp
bushels is serious, If 1t proves TO DO no
greater, since. 1t must anect prices oi
meats for year or more.
Nor are official reports encouraging as
To wheat. Western receipts in two weeks
have been II ls4,6s7 bushels, against TO-
s74. 76l last year, and Atlantic exports only
2.O74. 200, against 5,l06, ,562 last year, ana
the price is u cent lower.
Pork is unchanged, but lard has risen oo
cents per hundred pounds.
Considerable injury is officially reported
to cotton, but few expect less than e,ooo'
600 bales which is more than enough, ana
the price Is 1-l6 cent lower.
The Industrial World.
The great increase in iron production,
which was noted as following the removal
of coke difficulties, Is measured by the
capacity of furnaces in blast Sept. j,
namely, l5l ,1l3 tons, against 1885 Aug.
| 1, and the unsold stocks also decreased
| 35, 5Si tons during the month. The out
| put thus rises To 80 per cent OF fuil pro
| duction, but the consumption may be less,
| as the main increase in outpnt was near
| the end of August, and prices have since
| weakened a little.
Lead is depressed by foreign offers at 3.2
cents.
Shipments OF shoes from Boston In
two weeks have been 16S, ,9l5 cases, against
| los. .45O last year, and in low-priced goods
| the market has not been as bare for years,
while purchases from stocks or for quick
delivery reflect depletion Of stocks and
consuming demands.
Less activity is seen in drygoods, the
rush of postponed business having abated,
and there Is more disposition to defer pur
chases because OF somewhat general ad
vances in cotton goods and because Lon
don wool sales are expected to make the
outlook clearer.
Strikes in cotton mills have not ceased
and stocks of print cloths shrink rapidly
but some question whether recent nd
vances in price can be maintained, with
important additions To the present force
There Is still fair business for speedy de
livery in woolens and for cheaper grades
of spring goods, but scarcely anything Il
done i'm the finer grades. About half TIT
usual business in the sggregate has beer
done, 1t is estimated, but about three
quarters In the cheaper grades.
Failures in the first week OF September
as vet reported, show liabilities of onl.
81, 0,o70, of which s4l5, ,120 were of manu-
featuring, and s937, 45o of trading concerns
The aggregate of liabilities reported 70
August is s10.sg7,5l3. This week the fail
ures have been 207 in the United States
against 314 last year, and A in Canada
against "a last year.