Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1895-06-01
BUSINESS EXPANDING.
Important Industries Starting Up and
Wages Being Increased.
Fears Of Damage to Crops Not
Well Founded.
Upward Tendency Of Prices Continues In the
Commercial World.

NEW YORK, June 1.-Reports to Brad
% cities east Of the Rocky mountains show
that more than 227 important manufacture
ing concerns started up between April
and week ago, by reason of which $4,000
employees have secured work.
But the additional and significant fact
1s found In the report .h.. .. wages O. .c .c
+Swer Jnan l78,OOO industrial employees
have been advanced within this period an
average of 10 per cent, Of whom six
sevenths received the advance without
striking.
The tendency of prices this week is again
upward, notably so for steel and iron,
which are in better demand despite higher
prices, as are cereals and cotton and
leather and shoes, which, with some other
staples, in all 16, close higher on the week.
Coffee, sugar, flour, lumber, coal and
tin plates are firm at last weeks prices,
while declines in quotations are 1-l6 cent
for print cloths, petroleum cents, Penn
sylvania tabacco at Philadelphia and live
cattle at Omaha and Kansas City.
Wool continues in slow sale, interior
prices being above what eastern manufac-
turers are willing to pay.
Cotton goods remain firm on the
strength of cotton, but staple cottons
move slowly, as operatives are still well
supplied.
Woolen dress goods are quiet, but the
mills are said to have a good number Of or
ders for fall delivery.
At the larger eastern cities the volume
Of business is slowly but steadily expand
ing now that summer weather has APP
nd ha inn N bp
and steel industries has developed into
buoyancy.
Seasonable fabrics shoes, groceries, hard
ware and metals lead as to demand.
Dun's Review.
r.. G. Dun g. Co.'s weekly review OF
trade says:
More far-reaching than any other change
during the past week, If really warranted
by facts, is the continued rise in prices of
wheat and cotton. Real scarcity of either
would affect all business. Happily there
Is still room to hope that accounts of in
jury are greatly exaggerated, although
there has been some evidence during the
week that both the great crops have suf
fered more than at first appeared. Other
changes are almost all favorable, and some
highly encouraging. LaSor troubles are
clearly less threatening Monetary con.
ditions are satisfactory, and the substan.
tial increase in the commercial demand Is
. good sign.
The failures during the past week have
been 1875 in the United States, against 1S3
last year.
Wheat Is largely supported by pub
lie buying, and the purchasing orders
from farming regions are supposed to in
dicate an opinion of the yield. Yet wheat
comes forward freely, as it would not at
current prices IL q short crop were assured,
and western receipts for the month have
been 5,944,574 bushels, against 5,525,25
last year. Nor do Atlantic exports reflect
increased haste to buy abroad-amount in
four weeks, flour included 6, 1888, 420 bush.
els, against 9, ,716,O97 last year.
Accounts still indicate that spring
wheat was not injured and promises we'll,
In spite of some hot days, but in few of
the winter wheat states the yield has been
cut down, how much cannot yet be
judged. The sale of the stock held by the
Fair estate in San Francisco will lessen
the European demand upon Atlantic
stocks
Corn is 214 cents lower, pork 25 cents
and hogs 20 cents per 100 pounds, but lard
is 10 cents per 100 pounds higher.
Over the Border.
Bradstreet's today says The advance
Of prices Of staples in the Dominion of
Canada has stimulated business notably
Retail stocks at Montreal which had long
been depleted, are being replenished, and
the volume of business is larger than a
year ago. Hot weather has increased the
demand for summer goods at Toronto, and
1t is striking that wheat at Ontario points
is commanding 81. Nova Scotia crop
prospects are favorable, but trade is not
active. Much distress continues among
Newfoundland fishermen. Imports into
that colony this year are only about one
half the usual amount In like period last
year. There were 25 business failures re-
ported from Canada this week.
Diva In the Tolls