The Providence news. (Providence [R.I.]) 1891-1906, 1895-02-09
TRADE AALTS.
Manufacturing World Re-
tarded by Lower Prices.
Slight Advance in Cereals canadian
Merchants Hopeful ofthe Future.

New YoRK, Feb. Or. @. Dun q CO..
weekly review of trade says: The condi-
tion OF industries. II rot definitely better,
at least presents some points Of encourage
ment.
No advance in the prices OF manu-
facturcd products indicates better de-
mand. On the contrary, iron and steel
products have slightly declined.
The difficulty in boots and shoes has not
been removed. Not many shops are run
ming 90 their full capacity, and orders are
restricted, both by the attempted advance
In prices and the extremely low prices OF
farm products. In some grades the SOUTH
ern demand Is especially weak, and in
split and oil grain shoes some of the fac
tories have closed, manufacturers not car
ing TO take larger orders at the slight sd-
vance obtainable
Cotton and Wool
In cotton geods there has been q reduc-
tion I'm some brown sheetings, while other
qualities are moving fairly at unchanged
prices. The general tone Of the market,
however, is not particularly encouraging.
Prices Of raw cotton are unchanged, al
though tho receipts continue unusually
large for the season. The market for cot
ton goods does not appear to have i'm
proved abroad, as IL does not here.
A large auction sale-af silks resulted In
prices about 10 per cenI below the recent
market prices.
In woolens, the opening Of the finer
grades for the heavy weight season has
brought some increase In business, but
not at satisfactory prices, while the dupli.
case orders in the light weights are unu-
sually large.
Sales OF wool thus far this year have
been l7,306,6 pounds domestic, against
IL, 92l 500 pounds last year and 26 250, $50
In 1898; and of foreign. 1i,03s $50 pounds.
1t Is noticeable that sales of foreign wool
have not been materially larger this year,
without duties, than they were in the same
weeks Of 1893 or 1892.
Wheat and Corn.
No improvement in the prices OF farm
products has resulted from the somewhat
active speculation during the week, wheat
being only "A cent higher than week ago,
with western receipts only 792, ,971 bushels,
against 2,240, 256 last year, while exports
have been little smaller. The western
receipts for the month have been 8, liz, 272
bushels, against 2,499, 7l0 last year.
Receipts of corn have been small, but
prices have slightly advanced.
business Failures.
Failures for the past week have been PSI
In the United States, against 3S5 last year.
and So in Canada, against go last year.
Canadians Hopeful.
Bradstreets roview says: Severe
weather in the province Of Ontario has in
terfered with the volume of trade, yet
merchants at Toronto and elsewhere in
the province regard tho outlook for spring
business hopefully.
Similar features are reported from the
province of Quebec, where mercantile col
lections have improved, when compared
with the corresponding period last year
Halifax wires that general trade at Nova
Scotia is fair but commercial payments
are slow. Weather conditions, however,
favor the lumber industry.
Advices from Newfoundland continue
the tale of uncertainty and gloom in bust.
ness circles which has characterized re-
ports from that colony for several weeks
past
Bank clearings at Winnipeg, Hamilton,
Toronto, Montreal and Halifax this week
aggregate $40, SIS 600, against sIS,ol3. 900
Last week. aud as compared with sl7,544,.
900 In the like week last year