Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1895-07-13
WEEKLY TRADE REVIEW
Shows the Present Month to BE Profit
able In Business Circles.
Cotton Is Unchanged Wool
Is Advancing.
Prices For Hides, Leather and Shoes Remain
as Stiff as Ever.

NEW YORK, July 13.-R. G. Dun & Co. g
weekly review of trade says: A business
food, so strong and rapid that the conserv'
ative fear it may do harm, Is out of season
in July. But the seasons this year LAP
over and crowd each ether. May frosts
and frights, 1t Is now evident, kept back
much business that would naturally have
been finished before midsummer, and the
delayed elimination of one season gets In
the way of efforts to begin another on
time.
But the volume of business, however il
may be measured, is remarkably large for
the month, even in good year. Clearing
house exchanges for two weeks have been
SO per cent larger than last year and pei
cent larger than in 1892.
The week has been notable for a sensa.
tional fall in wheat OF cents in two days,
followed by recovery of cents, though
neither accords with any Interpretation oi
the quite disregarded government report.
The sudden drop in prices was the result
of speculative rather than commercial in.
huences.
Corn Crop Outlook Favorable.
The latest news indicates an enormous
crop of corn, much the largest ever grown,
If weather favo.s. but the price is only ss
cent lower than week ago.
Cotton has not changed, though specu'
lation still turns wholly on prospects, re.
gardless of enormous stocks carried over.
In Europe the manufacture lags, but hero
is satisfactory
There is moro business this week, with
prospects of further increase. though
much is said Of the prices at which foreign
goods are heavily sold, and undervalua
tion is alleged. Labor controversies in
wooden mills have generally resulted
against the workers. although some ad.
vances in wages have been obtained, but
a strike of carpet weavers at Philadelphia
already affects several thousand, and
threatens to include as many more, an
advance of ~ per cent being demanded
while the market for goods Is so dull and
weak that manufacturers unitedly refuse
Cotton goods continue active and
strong with comparatively little difficulty
as to labor. The northern mills have
taken little over 100000 bales in the past
three months, since cotton was below 4
cents, but with cotton bought cheap fol
months ahead they are able to do good
business.
Wool is still advancing, with enormous
sales, IL, ia ,OOO pounds Tor the week, ana
in two weeks of July 26, 497 GA pounds,
against 1l,9S6,550 in the same weeks OF
1892. AS the sales are about four times
the weekly consumption, 1t Is obvious that
the market is essentially speculative. but
the rise abroad has set the country ablase,
so that Western holders are asking even
higher prices than heretofore.
Scarcity Of Domestic Wool
helps them, and as yet the enormous sales
of foreign only compensate for the reported
decrease in the domestic clip. But buying
by most manufacturers Is already affected,
and at the prices now asked for wool,
some manufacturers are doubling whether
corresponding value for goods can be
realized. Pending prices for many light
weight goods show great irregularity, Per.
haps majority being on par with last
year, but some lower and some higher.
1t is not the season for activity in boots
and shoes and orders have fallen of. but
shipments in July have been 191, ,l70 cases,
against l67, ,326 in 1892, and prices Of shoes,
leather and hides are as stiff as ever.
Failures this week have been 253 In the
United States, against 247 last year, and
rs in Canada. against 40 last year