The Providence news. (Providence [R.I.]) 1891-1906, 1895-06-15
The BUSINESS.
Reports From all Parts OF
the Country Favorable.
Government Crop Reports Show That
Reports Of Failure Were False.
NEW YORK. June l5.-R. G. Dur & Co,

NEW YORK. June 15.--R G.. Dun & Co.
In their weekly review of trade, say:
1t Is no longer question whether bust
ness improves. Not for long time have
our reports from all parts of the country
been so uniformly favorable. The daily
average OF bank clcarings in June is 2is
per cent larger than last year, though ia
per cent less than i'm 1892
The most important influence has been
the receipt OF more favorable advices re-
garding growing crops. Even official
statements helped, because altogether less
gloomy than previous rumors. Labor
troubles are getting out Of the way, wages
In many establishments are rising, and,
with the iron industry just now leading
there is general Improvement in mani
facturcs. Monetary conditions also help.
The time draws near when, with good
crops, exports will bring gold htivr, and
though foreign operations in stocks ID
bonds have bccn insignificant this
the effect OF previous transactions has not
been exhausted.
The government crop reports were
much less dismal than was expected e
they really cxtinguishcd for timc a h st
OF calamitous rumors. The decidedly
cheering outlook for spring wheat, which
oar own and other private advices con-
urn, goes far 70 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.
western receipts for two weeks of Juno
were 3, il66SO bushels wheat, against g..
oOl ,2G last yoar, while Atlantic exports,
Hour included werc only 2,364, ,Si7 bushels,
against 4,68), 227 last year. Effects of the
rise IN prices were seen I'm the official re-
port oil May exports, showing a decrease
of l,0OO,OOJ bushels from Atlantic but an
increase OF 100000 bushels from Pacific
ports. The price declined 21S cents with
small trading
Corn also declined about l cent, with
better reports Of growth.
Cotton and Wool.
The official statement Of 14S Der cent
decrease in cotton acreage was quickly
found, in view of revised government esti-
mates for last year, TO mean more than
2o,OOO,OOO acres now growing cotton, which |
much exceeds the best unofficial estimates. |
Cotton mills are doing well for the sea |
son, and numerous advances of u TO \ |
cent In brown shcctings; drttts, bfcachod I
denims and ticks arc 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
'heaper lines of spring goods have been
'pened at encouraging results, but as TO
'etter grades there is still great uncer-
ainty about prices.
Demand For Shoes sIackeninr.
In shoe manufacture the season for
emporary suspension is near. but ship
nents from the east for June thus far
ave been IA per cent larger than In any
revious year. The demand naturally
lackens, but is still quite large.
Iron and Coal.
The output OF pig iron June was but a
rife larger than May /, Isl, 7,224 tons.
gainst l55,55i month ago and 17i.02
vo years ago. Stocks unsold were re-
uced In May o6,597 tons by stoppage OF
lany Mahoning, Shenango, Illinois and
irginia furnaces. which afterward NJ.
imed.
The anthracite coal trade does not main.