The Providence news. (Providence [R.I.]) 1891-1906, 1899-05-27
TRADE RISING IN VOLUME.
Everything folnls 10 Coninusd Prosperity In The
EusIness Wohd

New York, May 27.-R. G. Dun e. Co. 5
weekly review of trade says: There IL
some fear that has no other source than
the habit OF fear. Men have found for
60 many years disaster treading on the
heels OF apprehension that they lack
faith In good things present and TO come.
Every year there is worry about short
crops. and yet the crops grow larger.
The spectre OF monetary trouble haunts
men who know that the country Is strong
beyond any need. Promoting methods
alarm men who are really quite aware
that II Is only needful to put promoted
stocks in class by themselves. But all
the time the volume OF business IL rising,
and the weeks payments through the
chief clearing houses are 621 percent
larger than last year and 6S percent
larger than I'm 1892. For the month thus
far the daily average is 57.9 percent
larger than last year. and GA percent
larger than in 1892. Moreover this week
and every other brings larger wages 20
many. and increased purchasing power,
and the demand for products Is conse-
quently expanding In all branches OF con-
sumption.
The rise in iron results directly from
the fact that supplies are for the time
less than the demand. Many more
furnaces are in haste TO begin work.
some succeeding. but others hindered by
difficulty OF getting prompt deliveries OF
needed parts OF machinery or prompt
supplies OF ore and fuel The natural
remedy. that new orders are now calling
for less work than was done in April or
L.. o.. - l. a.. 49,.
ment OF nearly all concerns for months
ahead. The largest and best works are
catching up with their orders, though
much behind and obliged TO refuse
many, while others are entering the
field. II is proof of an astonishing de-
mand that after nearly five months this
congestion continues, and the rise in
prices is not forced or unnatural.
Boot and shoe shipments are II per-
cent larger than last year for three weeks
OF May. 10 percent larger than in 1895.
when the output was Unprecedented,
and 1853 percent larger than In 1892. The
new demand is smaller since the rise in
prices which now extends TO women's
shoes. but most works have orders as far
ahead as they desire. Leather is Y a
cent higher for union backs, and several
purchases of t.tet- strfps frernfouk spfe
with one of 10000. are noted. but hides are
u percent lower at Chicago. large buy
ers having drawn out, claiming that
present prices cannot be realized in max
ing leather
The heavy sales Of woods are mostly
to spectators. as manufacturers are do
ing scarcely anything. Weeks ago they
held that prices were too high. even after
some decline. for the prices at which
goods could be sold. But western and
eastern spectators have settled IL that
the manufacturer will be forced TO buy
at such prices as. they may fix. and are
taking large quantities.
The cotton mills have a fairly good
demand after considerable advance in
prices of goods. and are producing
largely. The material has been steady
at Ga cents. with no ground to expect
much change. and the best reports indi-
cate decrease in acreage of percent
Wheat advanced . cents, but lost
nearly all the gain on Friday Western
receipts have fallen to about half last
years. The foreign demand. If not as
large as IL was last year with famine inn
pending. is much larger than in the same
weeks of 1897
Failures for the week have been 142 in
the United States. against 245 last year.
and l6 In Canada. against Il last year.