Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1895-06-15
An UPWARD TENDENCY
Business In General Maintaining
Former Predictions
Iron Stronger and Food Prod.
(. ucts Weaker.
what Dun's Trade Review Has to Say on
Trade Conditions

NEW YORK, June l5.-Bradstreet's te
day Gays: The recent check to the activit
In general trade, taking the country as
whole, which followed tho severe and ur
usual frosts Of the close of May has be
gun to register itself in relatively fewe
upward spurts Of prices for staples an,
moderately smaller totals Of bank clear
tngs- The exception to the halt Is fOun,
IN the remarkable exhibition OF strength
by iron and steel. Cotton, leather, wheat
railway and other securities have each pre-
sented a season of active demand and ad
vancing prices, but none of them hav,
outdone iron and steel, which, withou
special orders from railroad and Other
large consumers, have again advanced al
along the line. The industry Is un
doubtedly in better position today than
for years.
Noteworthy decreases of prices are for
wheat, 1Lsc., corn, 1xc., oats. Nc, lard &c.
and pork e5c. II the interpretations of the
late government wheat report, that 1t
points to domestic crop this summer of
only 4O0,000, 900 bushels, prove true, the
outlook Is more bullish than expected.
But the government report appears 10 be
based ON the one year ago, which was
notoriously an understatement.
AT larger eastern cities the clothing
trade reports good demand, with prom.
Using outlook, notably at Baltimore.
Woolen machinery In Rhode Island Is only
fairly employed, but cotton mills In that
state and In Massachusetts, have . larger
number Of orders.
Reports have been received Of industrial
activity at Detroit, Chicago and st. Louis
In iron and steel, particularly at the last
two cities, and better crop prospects In
the regions tributary to these points, to
Kansas City Except wheat in this in
stance), to st. Paul and to Minneapolis
and Sioux Falls, where trade has been
satisfactory In many lines, and the out
look for fall business is brighter. Lack
Of commercial activity at Omaha Is due to
farmers being busy In the fields, for the
crop outlook In Nebraska and South Da-
kota Is excellent. At Cleveland, Louis
Vile and Milwaukee there has been prac-
tically no change within the week.
Dun's Review.
r. G. Dun q Co., in their weekly re-
view of trade, will say:
The government crop reports were SO
much less dismal than was expected that
they really extinguished for time host
of calamitous rumors. The decidedly
cheering outlook for spring wheat, which
our own and other private advices con-
firm, goes far to balance reports of loss in
winter wheat regions, and even these, In
the light Of the demonstrated deficiency Of
official returns Of acreage, were found far
more encouraging than previous accounts.
Wheat declined 2X cents with small
trading.
Corn also declined about cent, with
better reports of growth.
The official statement Of 14S per cent
decrease in cotton acreage was quickly
found, in view of revised government esti-
mates for last year, to mean more than
10000, 900 acres now growing cotton. which
much exceeds the best unofficial estimates.
Cotton mills are doing we'll for the sea-
son, and numerous advances Of u to Il
cent in brown sheetings, drills, bleached
muslins, denims and ticks are still re-
ported.
The wool manufacture looks for speedy
settlement of labor troubles and finds a
moderate demand for low and medium
heavy weight goods, while some Of the
cheaper lines of spring goods have been
opened at encouraging results, but as to
better grades there is still great uncer-
tainty about prices.
In shoe manufacture the season for
temporary suspension is near, but ship
ments from the east for June thus far
have been IA per cent larger than in any
previous year. The demand naturally
slackens, but is still quite large.
The output Of pig iron June was but q
trif1e larger than May 1, 157 ,224 tons,
against 156,5H a month ago and 174,O29
two years ago. Stocks unsold were re-
duced in May 1897 tons by stoppage of
many Mahoning. Shenango, Illinois and
Virginia furnaces. which afterward re-
sumed.
The anthracite coal trade does not main.
tain the improvement recently reported,
and with palpable over-production, bad
faith being charged again, the price has
% cents. The coke producers
about Connellsville have not yet mado
open declaration Of their new compact, but
contracts are being made at $l.35 tor the
last of the year with provision for advance
II wages rise.
Failures for the past week have been
s4l In the United States, against 232 last
year.
Canadian Prospects Bright.
Bradstreet's says: Advices from Mon
Sreal are that the upward tendency OF
prices for leather has checked business
with manufacturers Of shoes, as the retail
trade anticipate a reaction. There Is q
noticeable improvement in demand for
staple goods throughout the province Of
Quebec compared with last year. In On.
tarfo collections are made more promptly
aud business in wholesale lines Ia fairly
active. The hay crop in Nova Scotia and
Prince Edward Island Is reported OK
cellent, as are the cheese industries and
the fruit crop In the latter. Trade remains
quiet In New Brunswick. There werc 81
business failures reported from the Do
minion this week, against 81 last week.
Four Persons Killed.
LONDON, June ia dispatch to The
Standard from Vienna says that the thun-
der storms and lightning continue with
fatal results In different parts Of Austria
Hungary. Two peasants were killed yes