Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1895-05-11
PRONOUNCED EVIDENCE
OF a General and Substantial Improve
mcnt In the Business World,
The Crop Prospects Have
Greatly Improved.
Shipments Of Leather Grow Larger Despite
Frequent Advances In PrIcs.

NEW YORK, May l1.-Bradstrcet's says:
The present week brings distinct, and In
some instances even more pronounced,
evidences of improvement In business, not
withstanding tho increase Of the wave OF
industrial discomfort and strikes for
higher wages always the accompaniment
{ Of an upward tendency In prices
The movements Of prices OF staples are
found to be based on broadencd demand
and a more buoyant feeling. Sole leather
is up another 2 cents, and prices OF shoes
are following. Galvanized iron and wire
nails are higher, as Is bcsscmer pig, about
10 cents; sugar, Il cent; print cloths LILO
cent, and wheat -four l5 cents
In addition, prices have remained firm
for lumber, tin and cotton; and while no
actual advances are announced for steel
billets, live cattle and rice this week, the
tendency In each instance Is upward.
The heavy drop In wheat prices early In
the week prevents wheat quotations from
showing net advance, Notwithstanding
the sharp upward turn In the past few
days.
Large receipts OF hogs have put prices
down cents, and lard and pork have FOL
lowed. Oats are also lower than week
ago.
Railroad gross earnings for April show
decided Improvement over preceding
months.
Dun's Review.
II. G. Dun & Co., in their weekly review
of trade, say:
The event of the week Is the demoraliza-
tibn of foreign exchange, caused by enor-
nous sales of bonds.
Besides IA sale of SlO,OO0,0O Manhattan
and other railroad bonds through the syn
dicate, large purchases on foreign account
have been recorded for some weeks, SO
that the aggregate probably exceeds $5O,-
100000 since the sale of governments
Safety for the summer means much for all
business, and the syndicate deems 1t so
fully assured that it distributed 40 per
cent Of the money advanced by the associ-
ates, which relieves q large amount to
stimulate operations In securities and
products.
Crop prospects also have greatly i'm
proved, and this Is OF still higher import
ance, as 1t will do much to determine the
character and volume of all business after
summer uncertainties are over. In addi-
ton, business Is reviving, though the gain
In great industries Is retarded by many
strikes.
The failures this week have been 227 in
the United States against POS last year.
The Industrial World.
The industries were distinctly gaining
when strikes began, which have spread
quite widely. Garment workers in several
cities and POcahontas coke workers are
still out, with several thousand wOolen
workers near Providence. Other wOOlen
mills, and the furnaces in tho Shenandoah
and Mahoning valleys, which were making
25,OOO tons a week, have stopped, and the
Illinois steel works, the largest western
concern, SO that works are directly affected
which produced 23 per cent OF the entire
output April /. The Amalgamated assO-
citation also proposes struggle over the
new wage scale.
Leather, Wool and Cotton.
Hides are In demand at 8% cents for
western buff, and consequently leather
still advances-oil and plOw grain n cent
and hemlock sole cent. In consequence,
many makers Of shoes arc refusing to take
orders, being unable to get the prices
which will cover past advances and others
liable to come. But shipments from BOs-
ton continue larger than in any previous
year.
Sales Of wool for tho week are less than
in 1892, but larger than In the past two
years, tnOugn prices 40 not rlSe
Rather more demand appears for mems
wOolens, but cancellations are also more
numerous, and imports Of woOlen goods,
with Withdrawals from warehouses, were
about $40 600, 600 in the first quarter of the
year, against about 81, 100000 last year
Cotton goods continue strong, mills be-
ing we'll employed and they hold heavier
stocks than ever of raw cotton bought at
low prices.
Over the Border.
Bradstreet's says General trade reports
from the Canadian Dominion arc excep-
tionally favorable. Toronto reports that
advances in cotton, sugar. leather and
wheat have increased demand, helped col
lcctions and created buoyant feeling.
The opening Of navigation at Montreal
and advances In sugar and whisky, due to
tariff changes, are additional factors.
Quebec city shoe manufacturers are doing
q good business. Nova Scotia and New
Brunswick report a fair volume of trade
and Newfoundland successful seal fish
cry. Bank clearings at Winnipeg, Hamil-
ton, Toronto, Montreal and Halifax equal
Gel AZ, 900 this week, gain Of about 10
per cent over last week.
The total of 81 business failures In Can
ada this week Is contrasted with 30 last
week.