The Providence news. (Providence [R.I.]) 1891-1906, 1895-08-17
BELATED SEASON
Business Shrinkage Is Naturally More
Conspicuous Than Usual.
THE INDUSTRIES ARE PRosPERINo
Uncertainty as to Crops a
Source Of Worriment.

NEW IOhk, Aug. I.-h. u. Dun a. TO-,
In their weekly review Of trade, say: 1t Is
belated season; freezing may set every.
thing back. The heavy business which
ought TO have been done In May and June
was pushed into July. SO that the mid
summer decline due In July comes In Au.
gust. With this in mind, one Is not sur.
prised TO find the shrinkage from July to
August more conspicuous than usual.
The disappointing crop reports OF last
Saturday, though evidently distrusted,
lessen confidence in regard to tho future
of the trade, even while some speculators
gain by them.
Back Of all doubts is the fact that in
dustries are doing better than anybody
could have expected.
The output of pig iron Aug. I was $780,.
b25 tons weekly. or 70,5U5 by another re
port, In either case close to the largest out.
put In 1893, though surpassed $1,000 tons
In the spring Of 1892. Unsold stocks are
6s,07S tons smaller, the great steel com
panies having made heavy purchases In
advance of needs but the actual consump.
tion Is large, and prices rise In the face OF
the incoming output. Bessemer iron Is
tl4.i5 at Pittsburg. plates have advanced
VI q ton, though other prices arc In some
cases shaded at the east.
The average Of prices for iron products
has rison per cent in August, following
1912 in July and II In June. The sales OF
steel rails in 1895 TO Aug. I were $50, 600
tons and tho deliveries b32 900 Wages In
this industry have been generally advanced
and strikes are few. though the Marque tie
iron miners have decided TO make long
fight. Minor metals change little, though
large sales lift lake copper to 1914 cents,
Window glass moves largely at the recent
advance. and new platc-glass list Is an.
nounced. Coke Is a shade lower and coal
continues dcporalized. with sales here at
$3.50, knowing rumors that settlement is
near.
Cotton and Wool.
Textile imports have been very heavy,
and advances In cotton goods TO some ex-
tent check buying, while Fall River
(Mass.) spinners are organizing for the
restoration OF wages paid before the panic
Wooleu manufacturers find In their way
large sales VI foreign goods at prices which
cause official investigation. The imports
were 81, 800, 900 pounds Of cloth and dress
goods In the first half ot the year, against
6,900,09O last year. The sales OF wool,
6,3l3.60o domestic and l,279,90D foreign
this month, against IL, $40 $50 domestic and
1902, 500 foreign last year, and IL S6p, ,S02
domestic and I, 566 500 foreign in 1892, in
dicate that domestic wool is largely held
for speculation at prices about / cent
higher than manufacturers feel able to
pay.
Corn reports modified the expectations
as to cotton and wheat. and cotton specu.
lators have bought, lifting the price 5-i6
cent, while wheat, with more evidence Of
loss In yield, has declined l 4 cents.
Receipts for the week were better, but
not half last years. and In three weeks
6.59S,53l bushels, against l7,2ll ,o33 bush.
els last year. Atlantic exports for the
week have been $50, ,30l bushels, against
2,749, 535 last year, -four included, and for
three weeks 2,552,s $50 bushels, against
S,2t2, 6S3 last year.
The official reports for July show ex-
ports OF ssh ,02S bushels, -four included,
against 10, 500 i47 last year, but the Pacific
exports increased fivefold at an average OF
81 cents a bushel, while Atlantic exports
at about ~ cents bushel were but 6022, :
1863 bushels, -four included against 1925.
559 last year. Corn declined 5-S cent, with
favorable news, aud pork fell 25 cents a
barrel and lard Is cents 100 pounds.
Failures for the week have been 1876 In
the United States, against 229 last year,
and 80 fn Canads. araiust IS last year.