The Providence news. (Providence [R.I.]) 1891-1906, 1894-10-27
THE: OUTLOOK.
Increasing Demand for Prod
uCts in General.
improvement in Observation-Disclosures
OF Business in the Provinces.

by lne AhsOClaNcu russ.
NEW YORK, Oct 27.-R. G Dun & Co.'S
Weekly Review Of Trade says Engross-
ing political excitement in many OF the
states causes natural slackening in
some kinds OF business, but on the whole
business indications are rather more favor
able than they were u week ago.
Gold exports have ceased, quite num-
Der of mills have gone into operation, and
the demand for products II not equal to
that Of prosperous years, Is better than 1t
has been most of the time this year.
The prices of farm products do not i'm
prove much, and there are still some
strikes 10 resist the reduction of wages, so
that the purchasing power OF the people
cannot have materially increased, but
there Is more hopeful spirit which
prompts greater activity. On the other
hand, the record of past transactions IL
somewhat less favorable than OF late.
Cotton and Cotton Manufactures.
Cotton has sold at 5.Sl cents for mid
ding uplands. and the large receipts at
such low prices indicate clearly that the
crop will at least be close to the largest, if
not the largest, ever produced.
The anticipated settlement OF Difficult
ties at Fall River has not been realized,
and at present good many spindles and
looms are idle. But strikes are tempo
rary; more lasting influence is the large
accumulation of cotton in the worlds
markets, the stock of American i'm sight
now exceeding 100000 bales. 1t is in
teresting that in spite Of the low price OF
the principal southern crop, wholesale
dealers report rather more Improvement
i'm trade with tho south than with my
other section
Grain and Provisions.
The wheat market Is u cent lower, and
nothing appears TO justify any important
change. Western receipts have been 4sl6,-
57l bushels, against 6,276, 1923 last year, and
Atlantic exports only 5Si,263 bushels,
against 1866. .666 last year.
Corn is higher, without any clear rea-
son.
Pork is lower. Lard is 35 cents hun.
drcd weight and hogs 40 cents Lower. The
contrast indicates how little the provision
market depends at present on natural re.
lations OF supply and demand.
Industriais More Encouraging.
The boot and shoe industry leads in i'm
provement, the actual shipments from the
east being larger than in any previous
ycuf-lOf lOur WcekS ooO,UlO cases, dpuluSb
227 524 last year and 3l4, ,0s2 in 1892.
In textile industries the situation Is pc
culiar and in many respects perplexing.
IL Is undeniable that orders for goods are
on the whole diminishing, and retail trade
does not yet prompt such supplemental
orders as were expected, but good many
works have found c-ders enough to start
up for u time, some having business for
several months.
The demand for wool is not as largo as
1t has been, and while prices have scarcely
changed for two weeks. sales are but e.
304 250 pounds, against SITS, ,750 in 1892,
and for four weeks 19,45l, 7i9 pounds,
against 20, 7i4, 750 in 1892.
Prices were put down before the new
tariff took effect, so that the results of for
eign competition are felt mainly in re-
duced sales of some domestic wools. AL
most nothing Is doing in spring woolens
for mems wear, but manufacturers are
more encouraged to believe that, as to a
large share of the cheaper goods, they can
meet any price that foreign mills can
make.
business failures Decreasing.
1t is STILL asit has been for some months.
ON encouraging fact that the volume of
commercial failures is small. Reports for
the three weeks of October cover liabilities
OF only 1858, 7i1, of which 81 629.67l were
of manufacturing and 1887, 567 Of trad
ing concerns. The failures for the week
were 23l in the United State, against 352
last year, and 81 in Canada, against A last
year.
Bradstreet's Review OF Trade.
Bradstreet's has this to say: No gain In
business is reported from Montreal, but at
Quebec City there is improvement noted
among shoe manufacturers and dealers i'm
leather.
Trade has been fair at Toronto but mild
weather is acting as check on the sale OF
winter goods. At Halifax general bus-
ness about equals an average at this sea-
son.
Bank clearings at Hamilton, Toronto
Montreal and Halifax aggregate eco, $50 900
this week, against 1850, 900 last week,
and SIS, 394, 900 I'm the week year ago.
There were 80 business failures reported
In Canada this week Last week the total
was 39 one year ago it was 49, and the
year before that 30