The Providence news. (Providence [R.I.]) 1891-1906, 1894-11-10
CONFIDENCE.
Expressed by Business Men
For Future Trade.
Lower Prices For TextiIes-A Better
Outlook For Our Canadian Cousins.

NEW ~. ..O.-lt. C Dun & Co,
In their Weekly Review Of Trade, say;
Business hEs been waiting the greater
part of the past week, and the elections
are expected to give 10 a sharp stimulus
Whether men are right or wrong IN eA'
pecting better things, the fect that they
expect them tends Co make things Detter'
Thus a large volume OF trade might be an
ticipated, although no political events can
alter the size OF the corn crop, nor make
the demand for wheat or cotton closer To
supply
The output OF pig iron was larger by
77Sl tons Nov. I, when it was l5o,ooo tons
weekly, than IL was Oct !, and larger than
year ago, bat il is still about l3 per cent
below the output last May, before the
great depression began.
AT the same time there is q decided inn
proyement in the tone of the msrSst ana
a general confidence that the business Wlll
NOW improve.
Boot aud Shoe Trade Fair.
The boot and shoe manufacture has been
doing relatively well, as usual, though the
season Is about over, and the orders run
ming into the future are almost exolu-
siyely for cheaper grades No change in
facturers still complain that present prices
OF boots and shoes are not remunerative
with current prices FOR leather.
Low Prices For Cottons snd Wooisns.
In the textile industries thero is rather
more hesitation than appeared a week ago.
Print cloths are lower, having declined
to 2.o2 cents, and some OF the cotton mills
have discontinued production because the
demand Is uDsaGislactory-the shrinkaSo
in the western and southern demand be-
ing generally attributed to the low prices
of wheat and cotton and 70 che short crop
OF wheat AMI corn.
Scarcely anything is doing in woolen
goods, for spring orders thus tar are not
more than one-half the usual quantity.
The sales Of wool at the threa chief mar
kets of the east have been only 3,o75,oO)
pounds, against 3,s6fi00 last year and
S,2l6,OOo pounds in ls9 for the corre-
spending week.
There is no speculative buying. and
manufacturers are purchasing only for the
immediate needs, so :hat the prices,
though averaging q cent lower than u
month ago. show no tendency as yet 10 I'M
prove.
Favorable Showing.
iNtpOEic VI AIt On 0lt nlotc cu
couraging in comparison with last year,
and yet the volume of liabilities is larger
for the season than in any year of ordi-
nary prosperity.
The aggregate in five weeks ending
Nov. l has been SO az, 94S, of which 81,
$3.50, S7S were of manufacturing and So,
SOS, 500 of trading concerns. The failures
during the past week have seen 26l in the
United States. against s5S last year.
Buslness In the Provinces.
Bradstreets report says: Special tele-
grams from halifax report gains in almost
all lines, with collections improved. There
Is also an Improvement in wholesale lines
at Toronto, colder weather having stimu-
lated business, but prices are unchanged.
Rrtail trade In stimulated at Montreal
but iobbers report collections less prompt
than year ago, and tine volume OF busi-
ness not equal to expectations. Bank
clearings at Hamilton, Toronto, Montreal
and Halifax footed up s22,544,55 q
large increase as compared with the pre-
ceding week, when the total was as, 972,- =
237. One year ago the weeks total was
$2l, $50, S58
There wore 40 failures in business re-.
ported from Canada this week, compared
with 46 last week, % in the first week OF
November, 1898 IA in 1892 and 30 in 1891.