The Providence news. (Providence [R.I.]) 1891-1906, 1894-12-29
STATISTICS.
Show the Cause Of Decreased
Purchases.
Consuming Demand for Cotton Fallen
Below the Production.

New YORK, Dec 90. r. g, Dun &c Co.'s
weekly review OF trade says: Commercial
failures In 1894 already reported to r. g.
Dun a. Co number 1882. against l5,24e
last year, with liabilities OF sl63, 23S, 404,
against s346 770, $50 last year.
Next week The final report OF 1904 will
probably Include about 400 more failures.
with liabilities OF about $4,000 900. From
these accounts, banks, bankers. financial
and transportation companies are ex
cluded.
Wages actually paid in November are
compared today with working hours In es-
Establishments throughout the country, and
In about % branches OF industry the aver
age being 1894 hours per hand this year,
2l54 last year and 2i3 in 1892.
The wages paid per hour were l2 per
cont less than last year, and 8 90 per cent
less than In 1892 The hands employed In
establishments reporting were S53 per
cent moro than last year, but i2,02 per cent
less than la is93. The total wages paid
In these establishments In November were
1888 per cent more than la November,
1895, but 2l.V per cont less than In No
vember, 1899.
Thus the decrease in purchasing power
mainly TO decrease In number OF hands
and hours of work. rather than to roduc-
tion OF wages paid per hour.
Holiday trade has scarcely met expecta-
tions. Purchases have been numerous.
but smaller than usual in amount and
more confined 10 noedful articles.
Wheat aud Corn.
Wheat has declined a cent, though
bushels, against B. 3l09.s32 for the same
week last year. but since Aug. receipts
have been LITTLE larger than last year,
and the visible supply Is the largest ever
known. Exports In December from both
coasts have been little larger than last
year. but for the crop year about 20 600, 600
bushels smaller.
The western estimate, usually regarded
with most confidence is that the crop will
reach 5i5O00Oy0 bushels, which will leave
for export. with stocks brought over, more
than 20oo0)000 bushels. OF which only To-
0Oo00) bushels have gone abroad. Corn
las declined u cent, with good receipts.
Cotton and Wool.
The price OF cotton has not changed. but
the fact that receipts from plantations
ihis month have been greater than In 1891,
while stocks In sight here and abroad are
larger than at the same data that year, Is
an obstacle to any riso. Revision ofprices
Tor cotton goods has been tho controlling
feature since the great auction, and wide
fhectings have been marked down abont
10 per cent, while changes all along the
line arc expected. Ii Is no longer dis
puted that the consuming demand has
fallen below expectations and below the
r,F xpia Ea, in, 81
hone OF increased consumption
V,ry ittlc has been done in wooIen
goods, all waiting for developments after
Jan. !, when new duties rake effect Low
grade oyerroAts already opened show little
change, and in dress goods one or two
cases ~ s!iyht advance are noted Sales
of woof this month have been 1855, 800
pounds, against l&0j9 l97 last year. and
81, 302. 800 in 1892, and Ohio Xxx has sold at
IL cents
The market for iron and steel Is waiting,
but the reduction in wages at the Edgar
Thompson works. averaging 10 per cent,
plainly indicates The same d lflculty which
is seen la other quarters thar the demand
in consumption does not answer increase
in production OF pig IRON.
Failures for tho week hnvo been $50 In
the United states, against 5il last year,
anu Al in Canada agalnst 81 last year.
over the Iiorder.
Bradstrcct's today says: Toronto johbers
say trndc Is very quiet md travellers from
that clty are not hurrying their departure.
although ~ Montreal preparations arr
making in several lines to send out travel
ers.
At Quebec city shoe manufacturers re
port trade brisk AT HLlfax the volume
OF business is moderate. and wholesalc
trade L. duh Collections throughout
Nova Scotia are slow
In Newfoundland The business situation
remains unchanged, or as previously de
scribcd, somewhat chaotic. Bank clear.
ings at Winnipeg. Hamilton, Toronto
ilontreal and Halifax aggregate sl54l2
600 this week, against S2l, Ill 900 las
week, and $l6,33l, 900 in the week las
year Canadian business failures durlns
1894, ms reported 10 Bradstrcct's. agrrc
gate 1851 against 1898 last year; total lia
bilitics amnnnting to sl7. 724, 600 this year
and sll. 7(l2 0c0 last year with customar,
ratios of assets.
There is y moderate increase I'm the mum
ber Of failures In tho province OF Ontario.
but falling of in total liabilities; a greater
relative increase In tho number OF failures
in the province Of Quebec, with a sharp
gain in volume of liabilities New Bruins
wick reports moderate increase In the
number OF failures, with nearly double
the amount of liabilities in 1893 and Nova
Scotia n n,OSarn-o decrease nd heavy
decline In volume Of liabilities. the llko
being true with reference TO Prince Ed.
ward Island
In Manitoba there Is ono less failure
than the yuar before, though with
slightly increased volume of liabilities.
Failures In ili'no-thwrst territory droppet
moro than onc.half this year, and llabili.
ties still further There Is also n smaller
number OF failures reported from British
Columbia but linblific. have increased.
Thrrn are - failures reported from New.
foundlnnd. against 10 tho year before.
with lialili' ies OF sfasOO0o this year.
ngsinst S)!1OOO last yesr. The situation
in Newfoundland apprars TO Ile one of su.-
pended n imnton rather than general
commercial or financial failure, which
will account for the comparatively few
-. i. T..