The Providence news. (Providence [R.I.]) 1891-1906, 1894-03-24
HE TRADE REVIEW.
Business Increasing in VOL
ume at Reduced Profits.
THE OUTLOOK IS DIscovRAGING
The Textile Industries and the Tro-
vision Trade Responding Slowly to
the Hand-to- Mouth Demand-No
Permanent or Satisfactory Gain.
Bu The Associated Pres.

New YORK, March PAR. c. Dun g.
Co.'s Weekly Review of Trade says: II is
perplexing to be obliged to report that
business grows larger in volume and at
the same time not more profitable. I'm
certainty does not diminish. but has
rather increased, in the judgment of many
commercial bodies which have urged the
president TO veto the seigniorage bill
Prices OF commodities do not rise, but are
on the whole about 1.b per cent less than
last week, though then the lowest ever
known In this country, and are 1919 per
cent lower than year ago.
The prospect OF getting constant re-
muneratve employment for works and
hands does not change. The fact that
orders keep only part, of the forces at
work. while both priceS and wages tend
downward, though spring is near at hand,
renders present business less profitable
and the future less promising.
The starting of four furnaces by the
Illinois Steel company and one other at
Pittsburg increases the output of iron.
and some large sales have been made at
the lowest prices yet reported, with indi-
cations of continued demand for struct-
ural work, especially at the west.
Cotton and Wool Manufactures.
The textile industries are answering the
growing demand for rNplenishment of
stocks with what may be called hand-to-
mouth production, some mills getting
orders enough to start and others which
have filled orders in sight stop without
trusting 10 future trade. The demand for
cotton goods is fairly large, but the re-
ductions in prices of some grades and the
accumulation OF print cloths continues
Sales of wool for three weeks have ex-
ceeded last years 239 per cent, though
transactions for March last year were
about 40 per cent below the average.
There is no demand for such wool as is
needed in the manufacture of underwear,
dress goods and worsted suitings. but fine
fleeces are almost unsalable. Ohio Xxx
being quoted at 90 cents, and carpet man
ufacturers buy sparipgly.
The Provision Market
Wheat, corn and pork have declined a
little, wheat making another record. a
shade below 40 cents at New York. West
ern wheat receipts are 1,59s,379 bushels,
against 2,545, 700 last year, and exports
only 1,0lS, 200 bushels, ,against1, 295, s9i last
year, showing that even at present prices
the grain is not largely wanted abroad.
Corn was l cent stronger, with western
receipts 2,s74.695 bushels, against 1885,
322 last year.
The termination OF the rebellion in
Brazil opens a new crop OF coffee, which
reported very large, but prices are as yet
steady.
Failures for the week ending March Is
involved liabilities OF only S2,55s,sls. and
for two weeks of March only 81, $50. no. Of
which g. $50, 257 were Of manufacturing
and so.4i6,069 of trading concerns. A
number OF railroad receiverships have
been noticed. though none Of importance.
The failures this week number IA in the
United States. against 2i7 last year, and 80
in Canada, against % last year. II is
noteworthy that Canadian failures are
considerably increasing.