Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1895-05-18
GAINS ARE RETAINED.
The General Business Situation Has
Many Favorable Features.
Improvement In Conditions
Affecting Transportation.
Sharp inclination Upward Noted In the Prices
Of the Staples.

NEw YORK, May is.-Bradstreet's says;
General trade conditions throughout the
country continue In the main quite favor
able. Activity in speculative and invest
ment circles has exceeded that in merchan-
disc lines, but gains made in the latter
have In nearly all instances been retained.
Among the more favorable features Of
the situation arc bank clearings, the ag-
gregate for the week being 81, ,161 ,0OO, 900,
or 3 per cent more than last week, when
the total was the heaviest since the second
week of June, 1893. The falling off, as
compared with the like week i'm 1898, the
panic period, is only per cent.
Gross and net railway earnings for the
first quarter Of 1895 confirm early reports
Of improvements in conditions affecting
transportation. The best relative show
ing is m<N by the roads east of the Mis-
sissippi ND north of the Ohio and Poto-
mac rivers. The grangers make the poor
est showing.
Prices of staples this week again show
sharp inclination upward. The price
movement includes the following changes:
Advanced: Hides, calf skins, shoes, cot
ton petroleum, wheat, wheat -four Indian
corn, lard, sugar (refined) bessemcr pig
Iron, steel billets, nails, wire, copper, lead,
structural iron, merchant steel, quick
silver, bags. Declined: Oats, live cattle,
live hogs.
Dun's Review.
r. G. Dun g. Co.'S weekly review of
trade says:
No advance has been found practicable
In the woolen mills, where conditions as
to prices and foreign competition are very
different, and about 10000 workers are
still idle at Olneyville, X. l., where the
works should consume 100000 pounds a
week. In other departments of labor,
troubles are not serious, and the demand
for manufactured products increases.
With material and steady enlargement
In domestic trade, there is still great want |
of employment in the interior for money |
which comes hither, $3,500,0 900 during the |
;, ""k and with the millions distrib- |
bast W. Indicate on bond account, |
hted by the p,- --,ation.
stimulates spes~- -~nts,
Accordingly, wheat has risen D
although the reports of injury by frost do
not appear, upon sitting, to concern any
proportion of the growing
grain. Western receipts for two weeks OF
May have been 2,917,3O5 bushels, against
z, Cox, ,296 last year, and Atlantic exports
S,059 4S4 bushels, against 4,555, ,lOl last
year.
Corn has advanced "A cent, though ap-
parently injured more than wheat, but |
the acreage gives promise OF yield OF
2,O0O 600, 600 bushels.
Cotton is "a cent stronger, in spite OF the
fact that 9,461 ,OS1 bales had come into |
sight Friday week, which is over 400 600 |
bales more than the largest crop ever re-
corded. Northern spinners have taken q
little less than three years ago to date,
when the crop was over 5000, 600 bales, but
at least soc, 600 more than they have con-
sumed as yet, and foreign spinners hold |
nearly 80O, 600 bales more than they have
consumed, while commercial stock here |
and abroad are 246000 bales more than |
three years ago. The manufacture is |
prospering, though no one can suppose its |
consumption is quite at the maximum, |
and for the year it certainly has not been. |
Goods are in fair demand for the season, |
and recent advances in price
Are Fully Maintained.
Failures during the past week have been
211, against 219 last ySr.
Sales of wool continue remarkably
heavy; for the past week at the three chief
markets $3.50, ,75) pounds, and for two
weeks Of May 11,059, $50 pounds, against
11,767, ,750 in the same week of 1892, tho
last year of full demand. In that year the
sales of domestic were 5,962 900, and this
year 5,6S1, ,750 pounds. The markets are
quiet, almost unprecedented apathy pre-
vailing because stocks of foreign woods
held here are remarkably large and are Of
fered at prices relatively lower than those
demanded by western growers.
The shoe manufacture is doing remark
ably we'll, as usual, though operations for
the future are materially retarded by the
advances in leather and in hides, which
many begin to think have gone somewhat
too far. Within the past two weeks the
demand for shoes has-somewhat dimin-