The Providence news. (Providence [R.I.]) 1891-1906, 1895-02-02
TRADE REVIEW.
New Bond Loan Believed to
Be Near at Hand.
Low Prices for Commodities --Busi.
ness Situation in Canada.

NEW YORK, ECU E.-h. ", Ouh q 70.
review of trade published today, says:
Things look botter near the close this
week, because Ii is believed that new
loan will be negotiated.
There was need tor relief, since January
closed with the heaviest exports OF gold
ever made In any month, and the heaviest
Withdrawals OF gold from the treasury,
$i3, 46S, l0s-the hope Of new loan being
the one thing which has lifted prices dur
ing the past few days.
January leaves behind il the lowest
average OF prices for all commodities ever
known; for cotton, iron and it's products,
wool and silver, the t5west monthly aver
age ever known; and for wheat "a range
above the minimum, but yet declining
rapidly toward thaG point.
Industrial operations have not materi-
ally diminished, though it has been dis
appointing month because the general re-
vival expected has not come.
Wheat, Corn and Cotton Lower.
Speculation has not favored producers.
Wheat Is "a cent lower; western receipts
were only 1,226, OH bushels against l,579,-
2l7 last year. and with exports larger than
last year might have helped prices had not
the visible stocks been SO large.
Corn Is 2 cents lower with receipts
about half and exports not one-eighth of
last years.
Cotton declined Lilo cent, and Is close to
the lowest point ever touched, with an
average of only 5705 cents for January,
against 8 "A In December and S.07 In Janu-
airy Of last year. The movement continues
large, and tho maximum crop estimates
are encouraged, but there is not q little
hope that decrease Of acreage this year by
concerted action may help the planters
Neither here nor abroad does the manu-
facture promise nearly the maximum out
put or consumption.
The Metal Markets.
Silver has been weak, and for the month
has made slightly the lowest average ever
known, the output in 1894 being rcckoncd
by Wells, Fargo g. Co. mt s2S,72l, Ola, or
45, 5s9,9ll ounces. The decrease was l2
per cent while the increase in gold was
B. per cent.
Iron and steel look less encouraging ut
the east. and the demand is disappointing
although prices are not weaker.
Boot and Shoe Trade DiscouraginG.
Shipments OF boots and shoes for tho
month from Boston have been 32S, Gao
cases, against 304 ls7 two years ago, but
tho situation Is still disoouraging, as or
dcrs received at advanced prices are so
scanty that many shops are expected to
shut down soon. For goods which have
not been advanced ia prices orders arc
moderate and will occupy works some
weeks but are yet smaller than usual.
Cottons and wooiens.
Textile manufacturers cannot score i'm.
provcment for the week, for though print
cloths have advanced shade, the demand
for other cotton goods is only moderate
and prices are unusually irregular. Tho
opening of woolens has continued with
even more declaration of belief by domcs.
tic manufacturers that they can sustain
themselves in medium grades and in
worsteds, but I'm the lnor grades much
hesitation appears and in the lower grades
the extremely low prices made by foreign
dealers seem to threaten the manufac.
turer.
Wool is so low that large sales for possi-
bic future use continue, and the total at
three chief markets for four weeks has
been %, l57,o65 pounds, against s5,670, 10
two years ago.
Failures Decreasing.
Failures Tor the past week hhve been 354
In the United States, against 80 last year
Reports From the Dominion.
Bradstrect's SAYS today: In the province
of Ontario snow blockadcs have checked
trade, and at Toronto collections arc SLOW,
but prices firm.
Adviccs from New Brunswick are that
the outlook is favorable for lumber indus
tries and collections satisfactory, although
demand for goods for export is smaller
than expected.
Montreal reports fair request for gro
cerics dry goods and hardware, and from
the United Kingdom for Manitoba flour.
although offers do not meet prices asked
There were 36 business failures reported
from the Dominion of Canada this week,
against 80 last week. Bank clcarings at
Winnipeg, Hamilton, Toronto, Montreal
and Halifax aggregate slS,0i3,0oo this
week, decrease of 20 per cent from the
preceding week, but an increase of per
cent 40 compared with the week a year