The Providence news. (Providence [R.I.]) 1891-1906, 1894-10-06
TOOK A TUMBLE.
Wheat and Cotton Touch
Lowest Prices Known.
Industrial Situation Brighter--Brad-
street Reviews Canada's Outlook.
Bn The Associated Press.

NEW YoRk, oct. 0.--H. q. Dun & Co.'S |
Weekly Review Of Trade says; The low |
est prices ever known for wheat and cotton |
necessarily imply somewhat restricted con- |
sumption of other products. With tha |
chief money crops OF tho west and south |
sinking In value, 10 Is not strange that
purchases OF manufactured products are
smaller than was expected.
Wheat has touched the lowest point ever
known for options, and cotton the lowest
ever known in any form. Producers are
compelled TO sell at prices below the ordi.
nary cost of raising crops, and I'm some
western states there is also a lamentabld
failure Of the corn crop. Under the cir
cumstances IL would 80 very strange IL
the demand for man ufactured products
should be quite as large as in other years.
Wheat, Corn and Fork Products
Wheat suffers most from accumulation
OF stock In sight which is far beyond what
is usually expected for the season, and tho
exports in September were unusually
small. For the first week of Octobei
Atlantic exports were 1,097,372 bush.
els, against s63,7io last year, and
western receipts were only 4,6l5,-
600 bushels, against 6i30.6S7 last
year, and these figures give some encour
agement, but have little influence in view
Of the unusual visible supply. The price
for cash wheat is a small fraction higher
for the week.
Corn receipts at the west have been only
third as large az they were last year,
with exports amounting to nothing, but
the price has not further declined after ths
heavy fall during the previous fortnight.
Pork is weak, though lard Is quotably
lower.
The Manufacturing Industries.
The condition OF the industries IS IN
In some respects, more satisfactory. Evi.
IDENTIFY there is a larger demand for iron
products than there was month ago,
though the increase in output has been
somewhat greater than the increase in de
mand, SO that prices steadily tend down
ward
The boot and shoe trade continues to
deliver more goods than any previous
year, as IL did in September, and most OF
the works still have orders for one or two
months ahead, although mainly for low
and medium priced goods. There is a little
better demand this week for goods OF
higher quality, however and the demand
for leather is still reducing the reserve.
Cottons and woolens.
The new demand in dry goods is not a.
large as it has been, and In spring goods
the market is called remarkably dull,
though there is relatively good deal do
ing in current orders for the fall trade.
Cotton print cloths are a shade stronger
rs the news from Fall River regarding the
duration of the strike Is less encouraging
but for other goods the market is slow, "A,
might be expected In view OF the heavy do
cline In raw material.
Woolens are less active, and while there
ore numerous smaller orders for fal
goods, the demand for spring goods Is q,
yet not more than about three quarters o.
the ordinary quantity and mainly limited
TO the cheaper grades. In these the do
mestio producers appear to be meeting
foreign competition quite satisfactorily
and there are reported some cancellation
OF foreign orders in favor of domesti,
products.
Sales Of wool for the week have been 8.
o26, $50 pounds, against q 272, 400 two year
ago, and for ryo weeks ending Oct. 9
isales wore 24.259, 800 pounds, against IL,
l39, IT'S last year and 81. 352 go In 1sg2.
Cotton Is - cent lower, the cash pric
being the lowest known for 40 years
and, considering the difference in classifl
cation, perhaps lower than any time A
lS49 and estimates that the crop Is NOR
than 10, 600 600 bales are more commonl,
credited now than estimates Of $780, 0O
were two months ago. With favorabl
weather the yield seems likely to be tn
largest ever kno, .
The failures have been 2i9 in the Unite
States, against S20 last year, and 80 Il
Canada, against 10 last year.
Bradstr reefs Weekly Report.
Bradstrcet's today says: There IL mod
crate activity in general trade at Toronto
favorable reports being received from con-
mercial travellers. Montreal jobbers RI
port an improved demand from the int,
rior In some lines
Nova Scotias apple crop ID reported e,
ceptionslly large, and exports from Halifa
arc heavy.
AdviGes from New Brunswick are tina
the general business situation on the mort
shore is improving, with prospects goo
for lumber operations this season. Ban
clearIngs az Hamilton, Toronto, Nor
treal and Halifax aggregate s2l, GAS, 600, a
increase of 10 per cent compared with las
week, but nearly o per cent as compare
with tho corresponding week one year ar,