The Providence news. (Providence [R.I.]) 1891-1906, 1893-02-28
TRADE.
The Resume of Prosperous and
Active Month.
THE SPECULATION IN STOCKS,
Real Estate and Building the Only Dull
Features Of the Market-Dry Goods
Far Advanced for the season-Finan-
ciai Activity the Greatest for Years.


AIRY in all tr-des, but in comparison with
last yesr il has been an improvement.
The failures for the past two mo iths. as
reported to the News by X. g. Dun g. Co.,
number thirty of which eighteen were in
Providence. All of these were small.
In the retail trades. taking clothing
and dry goods as the standards, the
month has been remarkable. The cold
weather has kept the winter clothing
trade active despite the lateness OF the
season, the test Icing the small number
OF bargain sales offered.
In dry goods those houses that have
been foremost in pushing seasonable
goods have reaped harvest. During
the whole month the leading houses have
been showing the finest OF summer
goods. and their enterprise has met
with hearty response on part of BUYERS.
To pat the case As it stands. customers in
sealskins have been eagerly purchasing
their summer silks. The business has
been forced two months ahead of It's
time aud the provident of those who were
able 10 foresttll the season have profited
by the rare aud novel fabrics that have
been offered. AT the same time the trade
In the standard goods has kept up to "a
good business denaId
Cotton Goods and Iron.
The maui acturng interests in both
iron ana cotton neei but little comment
In cotton goods the demand still exceeds
the supply aud goods are sold ahead i'm
manv cnses for some months To come |
Prices have been we'll maintained AMI |
The prospective advance IN cotton is be. |
lug felt in all lines. The advance in |
wages of Lhe operatives has stimulated |
the good feeling between the manufact-
urers and the laboring classes aud there
ara no signs OF frlcslon anywhere in the
ssate.
There is. OF course, pending the nine
hour law applying 10 tue wome n and
children which will ten to make manu-
facturers conservative Tor a tiuIe, lust as
the enactment OF the tea-bour law did |
Few years ~ o, but no serious effects were
1elt then ana un less manufacturers make
decided stand this leg station is not un-
likely 10 still further siotten working
mems hours. This indesd is the only
threatening aspect to the states pros
perlty.
The iron manufacturing establish
meuts have been very busy this month.
Machinery orders have been in excess of
local shops capacity aud overtime has
been not unusual among steam engine
companies.
Cotton has been quiet during the
month. The decline in prices which be-
gan in January continued until the .
'tddle OF this month, the lowest price in
New YORK being reached on Feu IA and
I'D. whea cents Tor middlings was re-
corded. The market has latterly been
hnscted by the decreasing prospect of
anti option legislation, and by the favor
able outlook for "A settlement Of the labor
troubles ia England, the former being
now practically removed as danger
eiement anu the latter being partially
settled the outlook il for higher prices
Tho local marlIet has reflected the above
c1nditions. Prices have declined from c
~ GENTS To vs. and stand nov again at
W. Tor uplands. Manufacturers have I
largely bought ahead in authorization of U
Llgher prices and there has be- n but | l
Little doing in the way of spot sales. :
Print Cloths.
The print cloth market has been steady l
and quiet. The sales have aggregated = =
1000 pieces G43 spots at value; 1900 il
pieces for Febru, and March delivery
AT 4 cens anu lic,OOO pieces for April. b
MAY ana June at SIS cents. The sale, OF | p
lls,OOO pieces at 3;s for iuture delivery II
have, however. exhausted the market at RI
those prices. Producers have preferred Ii
10 holu ia most cases for better figures o
these sales We're made in the first two CT
weeks OF tho month. Since that time
offers or 5Is cents have found no takers
and all goods up to july 1st are now he Id IN
at cents- The tendency is toward a
nrmer market. W
Jewciry Trade. u
The usual jobbers trade that makes
January busy month for manufactur-
ing jewelers. has lapel over iuto Febru. w
ary this year, anu the first two weeks of wi
THIS month we're remarkably active one, ~
Tor al local firms. The heavy demand LEI
Tor the est has continued. and there %
bids fair 10 be change this spring from
tie geaerai trend of business during the
past lew years. Trade for some time
has had tendency III Jewelry business IL
10 Concentrate itself into "A holiday busi-
ness, aud the spring activity has de.
creased In constquencs. The change =.
now IN prospect looks toward a revival W
)f the spring demand. The heavy orders IL
u almost all lines indicate good pur- ,a
chasing power for all new novelties 10
The god general trade is, however. OF
2nrticu'arly emphasized in the silver ana | va
chain productions. The souvenir spoon di
which was launched as "A one season fad 10
nas leo the way 10 an enormous produc. %
'ion OF all kinds of small spoons aud odd. ce
ties. The souvenir characteristic LAS M
)een somewhat tempered, but the de- vi
nand for odd pieces is continually grow re
ng. The low price of silver mas catered co
o this taste and manufacturers have th
been able TO make good profits on prices 81;
hat lew years ago would have see med
'lmost impossible. TN
La chains the demand is by no means ma
qual TO the supply, and this month mas co
'een characterized by an especially Iarge no
emand. Tue enormous sale OF cnesn TIC
rades of watches has not yet equailed an
lie ability OF the public TO consume and an
he chain Is necessary article with the an
watch The end Of TIC business is not in Ter
ignt yet lie
Money and Stocks ,n,
The money market has been steady and wi
ates have ruled at 9 per cent despite the
ong expected decline There has been fns na
y enormous supply Of funds caused by no
ne sale OF local securities, but only a ba
mail portion OF IL mas been rein vested Go
n otner home stocks. Most of the money the
las b. en- deposited In saving banks and 4
rust lnstitutions, and been loaned on Da
oreigu paper. The outlook Is not for act
nv lower rates at present. hir
The stock market has been the most /
ctive for years. No such activity or sur
pecuIatise iever mas been known since spi
ne war period thirty years ago. Despite OF