Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1895-06-08
BUSINESS IS QuIE1ER
But There Is General Confidence In q
l.. Good Fall Demand.
Continued Advance In Prices
the Feature.


NEW YORK, June 8.--Bradstreet's today
says; The speculative spirit which seemed
TO dominate both commercial and 1nan
cial circles until within week or 10 days
past 10 still less conspicuous In all lines.
Demand for staple goods In number OF
Instances IL smaller, notably at Boston.
Pittsburg, Chicago and Kansas City, par
ticularly In dry goods, demand for which
at first and second hands has declined, as
Is customary at this period.
While business throughout tho country
may, therefore, bo characterized as quicter.
the tono OF staple markets continues
strong, and confidence In u good demand
when the fall season opens next month
remains unabated.
Tho feature of tho week, as heretofore.
Is the continued long list Of advances In
prices, notably those for iron and steel
and the upward movement Of bank clear
ings. Higher pricesnre recorded for some
cotton goods, shoes, hides, leather, paper
pig iron, steel, galvanized iron, black
sheets, canned goods, hogs, wheat, corn
oats and some grades of wheat -four.
Prices for live cattle, wool, coal and
lumber are reported unchanged and firm
while silver, cotton, petroleum and lard
prices than Last week.
Dun's Review.
r. G.. Dun 81 Co.'s weekly review oi
trade says
The tide of business is rising, evon as II
was falling just two years ago, with sur
prisipg rapidity. The gain has gone Sc
far and SO fast in some branches that the
more conservative fear that II may not be
maintained But the period of dullness
which comes in each market after an un
usual rise brings as yet nothing like
corresponding decline. Industries gain
much, halt or fall back u little, and then
gain once more.
The demand for consumption steadily
increases as the employment and wages OF
the people increase Demand for money
expands, one bank reporting 20 per cent
larger discounts for the country, and an
other % per cent more commercial loans
than year ago, and all but two report
some gain. One serious question remains,
Whether the crops will be full enough to
sustain large business. But the worst
reports are better by far than the esti.
mates recently current.
Wheat rose cents, fell back 2 with
realizing, ana has again risen 3, with
western estimate of "a crop $4,000, 900
bushels smaller than last year. 1t is
pertinent to remember that official and
most unofficial reports, down to u late
period last fall, put the yield about S0,000,-
600 bushels lower than it is now known to
have been. Western receipts were 26l, 900
bushels more than last year. and for five
weeks have been 1911 ,03l bushels against
6,00l $50 last year, while Atlantic exports,
flour included were 10000 bushels
smaller for the week, and have been in five
weeks 7,73S723 bushels against 11,9i5,47s
last year. There is neither holding back
by farmers, nor anxious haste in purchas-
ing by foreigners, to support belief in
scarcity.
Cotton Mills Doing Well.
Cotton declined Is cent, with better
weather at the SOUTH but excitement and
prices rose again with the report of only
11.6 per cent decrease in acreage. Cotton
mills are doing well, with very salts
factory orders already for prominent lines
and the market is strong with occasional
further advances.
In knit goods there is also some i'm
proyemcnt and higher prices for yarn,
though prices have been cut in some kinds
of hosiery. The demand for goods looks
better and a fair start has been made in
orders for fall goods.
Business in blankets is the largest since
1892, and the outlook in medium and fine
worsteds and in cassimeres is thought
favorable.
Sales OF wool continue larger than in
any previous year, and for the five weeks
have been 27,7l3,250 pounds, against 26,-
800 $50 in 1892, but demands of western
holders are causing much larger pur-
chases Of foreign wool
Iron pushes upward, and tho advance in
finished products has become general.
Shipments of boots and shoes are still
larger than in any previous year, and in
most grades recent advances are paid in
large orders, but there is some slackening
in boots and women's grain and buff
shoes. Hides are higher ut 9X cents for
western, and tanners hesitate, but leather
is stiff.
Failures for the week have been 195 in
the United States, against 2l6 last year.
Over the Border.
Bradstreet's says: There Is pc change in
trade conditions at Montreal, where crop
prospects are favorable Trade has been
fair at Toronto, with better collections
and favorable outlook. Nova Scotia
crop prospects are excellent, which is also
true Of New Brunswick.
There were "a business failures reported
from the Dominion Of Canada this week,
against "a last week.
Bank clearings mt Winnipeg, Hamilton,
Toronto, Montreal and Halifax aggregated
t22, ,634, 900 this week.
HeaIys Fair Offer.
LONDON, June S.-William O'Brien, M.