The Providence news. (Providence [R.I.]) 1891-1906, 1894-10-20
EXPORTING COLD.
Instead of the Products OF
the Farmer.
Low-Priced Wheat and C0tton-Busi'
ness Conditions OF Canada.

bJ Aho AhooSA~tot Ste'os
NEW YORK, oct. 29.-R. G. Dun & Co.'S
Weekly Review OF Trade says: Cotton
below 6 cents and wheat below 55 cents,
each lower than ever since present classi-
fcations wers known, with exports Of gold.
instead OF products at suoh prices, In Oe-
tober are tie salient features In business
this week
Distribution Of goods to consumers goes
ON fairly, with gains at nearly all points
In comparison with last year, but not yet
at rate to sustain the present volume OF
manufacturing production, 30 that prices
weaken little.
The domestic trade represented by rail-
road earnings In October IL "a per cent
less than last year and 1874 per cent less
than in 1922.
The payments through the principal
clearing houses for the third week OF
October are 2.3 per cent greater than lass
year, but 3l.5 per cent less than IN 1882.
The Produce Markets.
Wheat for October delivery fell to 81. ~
cents on Wednesday, and In spite Of some
recovery the average for October thus far 10
. cents below the lowest monthly average
ever made, which was In September, and
was AN tfiAs OtloW tuO ioNcbb piiof
to this year the October average being 30
cents below that of October, 1881, or 1890.
Western reccipss are only 400 s0l bushels
for the week, against 6,064 1888 last year,
and Atlantic exports 63l, ,OS4 bushels,
against e9S,3l3 last year.
Corn declined 4 cent during the
week, with receipts not quarter or last
years, and exports not one-tenth.
Dxv.ir sn.tlr rl,t
with lard x cent lower.
Cotton sold at 3 "a cents on Thursday,
and with Ellisons estimate that the world
will consume s,2is,Ooo bales American,
the stock of 1000, 600 bales in sight and
deter buyers.
Tho Textile World.
The dry goods business and textile in
dustries were especially favored by the de-
msnd In August and September Whole
sale and retail stocks have been rcplen-
ished, and business waits for retail sales,
which are as yet slower than was expected.
In cotton goods the new business has been
narrow, and resumption by Fall River
mills has depressed prices TO some extent.
Woolens have been somewhat affected
by the auction sale of fifth VI the years
production by the Arlington mills, which
brought prices about Is per cent below
those previously quoted, while soft wool
dress goods are 3 to per cent lower than
last year In mems spring goods there
are few small orders. and while fall orders
for suitings continue good, the demand
for cloakings have been reduced by the
strike of closkmakers. Sales of wool
have for three weeks OF October been l5,-
147, ,499 pounds, against 1874, 45e last year
and 19, 966, 900 in 1892, with markets dull
and prices barely maintained.
Boots and Shoes.
The boot and shoe trade is doing re-
markably we'll, shipments from Boston
for three weeks having been a52, bS5 cases,
against l69,5 last year and 243, 500 in
1892 Most Of the shops have orders for
some time, and are receiving more in
mems cheap shoes and women's grain and
buff shoes, some having work until De-
cember
business Failures.
The failures in October thus far have
been quite moderate i'm strictly CONNER
cisl lines, the Liabilities amounting TO So
s2l, ,es7, of which 81, 7s3, e3s were of man ufac-
turing and 81, 906, ,ss6 of trading concerns
Some failures Of banking, investment and
loan concerns, not here included, have not
proved Of general Importance. During the
past week the failures have been 253 in tho
United States, against s41 last year, and
<3 in Canada, against 80 last year.
Bradstreets Report.
Bradstreet's has this 20 say:
At Toronto general trade has been less
active, but collections have improved
somewhat. Montreal reports that collec-
tions are fairly good, with prices stronger,
but the volume Of business is not equal to
one year ago.
General trade has been moderate at
Nova Scotia. New Brunswick advices are
that recent heavy rains have favored the
interests of lumber men. Bank clearings
at Hamilton, Toronto, Montreal and Hall
fax amount TO $40, $50, ,00e, a slight decrease
from the total in the preceding week, but
a gain Of per cent from the correspond
ing total one year ago