The Providence news. (Providence [R.I.]) 1891-1906, 1894-09-01
CAIN IS SLOW.
Boom in Business Has Not
Taken LoOked-Fo Jump.
Decline In Price Of Fabrics--B Boot and
Shoe Business is Satisfactory.

NEW YORK, Sept. 1.-R. G.. Dun e. Co. q
Weekly Review of Trade says: The ac-
tivity which came with exhausted stocks
and the pressure of delayed fall demands,
End was increased by removal Of uncer-
tainty about the tariff, has CO nued with
heavy entries OF foreign go since tho
bill became u law. But the people who
know best are saying Improvement will
come" rather than "inprovement has
come"
The gain Is not yet what has been ex-
pected, and business. IL good In comparison
with last year, Is still poor In comparison
with years preceding Presumably there
has not been time TO feel the full effects of
the change, and a gradual gain will be
more healthy and encouraging than a
spasmodic rise, but the expansion of COM
mercial loans has suddenly ceased. Prices
OF manufactured products show weakness
rather than strength, and there has been
reaction In the stock market, prices OF
railway stocks averaging 33 cen ts, and OF
trusts Eli per cent share lower than a
week ago
The mills are not running full, though
the stoppage at Fall River looks every day
more like an effort Of the operatives to
force curtailmcnt of production in order to
lift prices and make reduction of wages
unnecessary. So far print cloths have
advanced ~ cent, but without corre-
spending advance I'm other goods, and
while tho demand is encouraging it does
not compare with years before the last.
Neither in cotton nor in woolcn mills
has there appeared this week an increase
In production. In woolens, orders for
spring goods of certain qualities have been
quite large, buyers concluding that prices
arc
About Low as They VIII He.
A comparison of standard articles shows
decline In price averaging IL per cent
since last year. and 2l'per cent Since 1882,
tho reduction in some important fabrics
being 80 per cent
But though transactions increase, they
are decidedly smaller than in years before
last Sales of wool for the week were
6,6'b,so0 pounds, and for four weeks of |
August "a, ,Sss. $50, against 6,477, ,435 last
year, and %, ,6o7, 600 in 1892
The boot and shoe manufacturers are
still receiving highly encouraging orders,
though mostly low grades, so that sales of
leather in all markets are notably of
thirds, or other qualities below the best.
shipments from the east arc not only
larger than last year, but for August $685.
s4i case, against 323, ,494 in 1892
Marked changes In tin, which s1ifs at
loo cents, and in lead, which Is quoted at
S.3 cents, are due 10 the change of duties.
and tin plates sell at rs to 80 cents box
below recent quotations
Glass manufacturers are demanding a
of 40 per cent in wages. which
the men, though willing to accept 20 per
cent, have refused
Failures are still few and small. For
he third week of August reported liabili-
lies were s., ,s76,5ls, but for three weeks
'nly ss,2li, 40, of which $3.50, ,33s were of
and $3,SS4,4l4 OF trading
'oncerns. The hysrsge ia only sll, ,521 a
irm failing Tho failures this week have
been lss in the United States, against $50
ast year, and 40 In Canada, against 20 last
ear.