Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1895-04-20
BIG RISE IN PRICES
Has Absorbed Money Which Ought to
! = Be Used otherwise.
lise In Beef q Conspiracy
Against the Public.
shes FEslorlss and Textile and Cotton Mills
Are Fairly BUSY

NEW YORK, April W.-brhustreeVs po-
day says; The volume Of general trade
has maintained the previous weeks pro-
portions and at some points shows note
worthy increases as compared with the
total q year ago.
Coffee Is lower, as are lard and oats, but
Indian corn and pork remain steady at
last weeks closing quotations.
Relatively, the most improvement In
trade is In the region west of Chicago and
north Of 6t. Louis and Kansas City.
The rush Of the spring demand for MILL
merry, dry goods. clothing groceries and
hardware is over, but fair volume OF
conservative trading continues.
Mild weather and needed rains have
greatly improved tho agricultural and
commercial outlook in the northwest.
General trade conditions at the south are
no better, and In some respects less salts
factory Improvement In demand Is not
announced at any point.
Dun's Review.
r. G. Dun s. Co.'s weekly lreview OF
trade says:
In every speculative department busl-
ness is growing but this is really the least
satisfactory feature Of the situation.
Cotton, oil and wheat climbed above the
export price, so that the marketing Of
products abroad must be checked, and
money Is absorbed which ought to be en-
ployed In productive industry and in dis
tribution of products to consumers.
Everybody knows that oil has not risen
200 per cent becanse 1t is intrinsically
more valuable, nor IL wheat actually
worth more than 1t was two or three
weeks ago, but the expansive and uplift-
ing force has unfortunately taken to spec
ulation rather than to production, and so
we have higher prices in all speculative
markets, without q larger demand for
consumption. Stories Of combinations be-
tween the Standard OIL company and
Russia as to partition of the oil consum-
ing territory by no means accounts for
recent prices of petroleum, which appear
to be entirely fictitious.
In iron and steel the situation Is rather
although tho output con-
tinues large, as the demand for finished
products does not seem to increase.
Rise In Cotton without Reason.
There is no evidence that cotton is in
larger demand than II was when the price
was a cent lower, but prices have been so
low for months that an upward move
ment was easy without much reason,
though stocks here and abroad are 800 600
bales larger than they were at the same
date after the greatest crop ever produced
and spinners here and abroad
have taken about 1000, 600 bales more than
they have consumed. The rise tends to
prevent the decrease Of acreage which is
its one reasonable excuse.
Wheat has advanced over 3 cents during
the past week. There is no indication
that the foreign demand will increase,
while the prospects for this years crop are
considered excellent Western receipts
are not large, and 1t would be strange IL
they were, with prices so low but sdvanc.
ing. Exports continue to indicate that
the European demand will not be particu.
larly heavy this season.
Tho Beef Corner.
. Outside of speculative markets, the
most tmportant feature Is the rise in the
price of beef, but which is largely due to
the control of sources Of supply by few
strong corporations. There ought TO be-
but apparently is not, sufficient power in
tho hands of the government to meet any
such conspiracy against the public. and
tho proposal of Secretary Morton to admit
Mexican cattle and cattle from Canal"
IN esav ter'~- '>- anna. .-..s----
-, -----.-- sns hsueit OF customers
is heartily Coninended though 1t Is not
likelv to have much influence. Tht
actual facts have little to do with prices
in this case, as in the case Of oil.
Boots and SHOES.
Boots and shoes are In larger demand
although the jobbers have to pay 10 cent
or more above the prices paid two months
ago. and there are more orders than who1
the advance in price was first demanded
Exoept from the west, there are indica
tions of q larger consuming demand, bu
on the whole tho market Is perceptibl
narrowed by the advance which highe
prices for leather have occasloned.
Labor Troubles Diminishing.
Some large textile mills have advance
waees at Fall River about 10 per cent, n
storing the rates paid after the reductio
in September, 1893. Labor troubles al
comparatively less serious this week, an
the tendency is toward larger returns ft
labor. which will increase the consumin
power for other products. The cotto
mllls are encouruBeu W uhPAV'MB PAA~'
AMI are fairly busy.
The Wool Market.
Sales Of wool at the three chief easter
markets indicate that the production
goods is at present larger than 1t has bee
at any other time for nearly two year
and while foreign competition is serious
felt in some branches, the manufacture
are making a vigorous effort to retain Il
home market even in lines which at OF
time they expected to abandon.
Failures during the past week have bet
24l In the United States against 2l9 la
year, and "a in Canada against IS Ia
year.
Amounts 10 About $i5, 900, 600
WASHINGTON. April so.-Commisslor
Miller Of the internal revenue bureau 90
49, f~or, nf7ctol potnrna rarotyaA n