The Providence news. (Providence [R.I.]) 1891-1906, 1894-10-13
DROP IN PRICES.
Wheat, Corn and Cotton the
Features in Trading.
Shoe Factories Are Pushed WooIen
Mills Filling Orders for Goods.
By the Associated Press.

NEW YORK, Oct. l8.--R. G. Dun & Co.'S
Weekly Review of Trade says: Business
is still waiting for the development OF re-
tail trade There Is little better do
M and in some industries, but not SO good
In Others.
The government crop reports are not
greatly trusted, and yet have AN influence,
and actually exagRcrate the tendency
toward lower prices, Because they are sup
posed to put all the crops too low.
Men calmly reckon that If the govern
ment report indicates over 4OO,OOO,OO0
bushels of wheat, the crop must be over
800, 900 900 bushels, and though western re-
ccipts for the week have been only 4, 49,
075 bushels, against 4, ,8S5, ,302 last year, and
Atlantic exports only 647,2i4 bushels,
AGAINST 900,564 last year, the price is
slightly lower.
Corn has been stronger. for receipts are
herdly one-fourth and exports barely one
eighth Of last years and men question
whether the actual yield, il above the gov
ernment estimate, may not prove lower
than.has been supposed.
Cottons and Woolcns.
The cotton returns are more confusing,
but all point TO n yield so far above that
indicated by the government that its state
ment has been followed by further de-
cline for the week of "a cent. The receipts
thus far hardly encourage extremely large
estimates and yet it il 10 be considered
that the crop was later than usual. Re-
ports from the different cities show that
while extreme low prices for cotton and
wheat are checking retail purchases in the
west and south, there is nevertheless q
gradual gain.
The demand for cotton goods has ma
teriafly slackened and prices have become
irregular, although resumption of work at
Fall River and New Bedford, with only )
per cent lower wages, indicates confidence
ia the future.
The woolen mills still have numerous
belated orders for fall goods, but the de-
mand for spring does not increase, though
in nearly all the lower priced products
domestic markets appear able 10 COM
mand most Of TIE business that ex-
lists. Sales OF wool have been 4,S75, ,9i9
pounds, against $500, fj2 last year, and
1890, 800 in lst2.
Other Manufactures.
The iron industry records larger produc-
tion in September than In any other
month this year, bat as prices are gradu-
ally weakening because Of insufficient de-
mand for finished products, some works
are preparing TO close or shorten time.
The season for boots and shoes has been
unusually good in number of cases
shipped, but in value the decrease must be
large, because of the general preference
for lowpriced goods. It is stated that so
per cent 81 spring orders are for shoes sell
ing for 81 or hover, and heavy shoes have
largely taken the place of boots Most
shops have orders for some time TO come,
and demands for immediate delivery are
still numerous.
Failures for the week ending Oct 4
show liabilities of 81, ia 276 of which sS05,. :.
$50 are of manufacturing and 1892, 39l OF
trading concerns The final report for
September shows liabilities of only az, 3Q7,-
l24, of which s3, 254, 373 are of manufactur-
irG and s3,7l0,092 Of trading concerns.
The failures this week have been 23l in
the United states. against 800 last year,
and 4S in Canada, against ~ last year.
Bradstreets Report.
Bradstreet's has this 10 say:
Trade is fairly active in Canada, though
a slaekening in demand is noted from
September activity. Groceries are in bet
ter demand ut Montreal.
The export apple trade is very large at
Montreal and Halifax. Profitable returns
are hoped for. Mild weather In the mari.
time provinces checks the demand foi
heavy goods. Bank clearihgs at Hamil
ton, Toronto, Montreal and Halifax aggre
gate $50, 2y9, 900, decrease of ~ per cent
from last week, but an increase of pei
cent over last year. There were 81 failures
reported from the Dominion of Canads
this week, compared with 40 last week. 3.
year apn and rs two years ago.