The Providence news. (Providence [R.I.]) 1891-1906, 1895-03-09
TURNING POINT.
improved Demand for Goods
Anticipated.
Food Products Higher-Raw Cotton
Higher and Cotton Cloth Lower.

NEW YORK, March Or. G. Dur q Co.'S
weekly review OF trade issued today, says:
Congressional adjournment. and proof
that though the rate OF exchange rises TO
and even above the shipping point gold
does not 60 out, have produced much
better feeling.
Prices do not improve, and there is some
loss In wages while strikes of $1,000 coal
miners near Pittsburg and several thou
sand building workers here, besides strikes
I'm 10 or 12 textile and iron establishments
further lessen purchasing power for tho
time. But anticipation of improved de-
mand for goods is general, ahd many are
manufacturing and buying beyond present
needs on the strength of it.
The state of foreign trade is not reassur-
ing. for while exports decreased 100000
here, but "a, 10000 at all points In Janu-
ary, they have decreased about 80, 100000
here in February, and the season has come
for further decrease. But imports In
creased Sl5 6O0,0 90 at ali points in Janu-
AIRY, about 50, 900 at New York. but
have increased at New York about s., 9O0,-
0OO in February.
Staples of Life.
w hIab has iioch - SSlO, DcCsAuso VI IVA
mored injury To growing grain in some
states Receipts for the week are nearly
as large as last year, but in February A.
go, l46 bushels, against 2, ,075, 900 last year,
with Atlantic exports 2.9S2, $40, against B.,
1925 last year. Stocks in sight are
enormous, and western accounts make the
store OF wheat in farmers hands very
large.
hna a Il
cepts are not half last years, with exports
insignificant
Pork, lard and hogs are shade higher.
and beef has advanced to the highest point
since July.
The Metal Markets.
Three causes help the iron industry for
the time-expectation of another great
strike at coke works, reports that besse-
mer lake ore will advance and a moderate
increase in demand for products. Sales
of bessemer iron to three great Pittsburg
companies, said TO aggregate l25. 900 TONS
protect them against the change in ore
ana the output of coke, over 10000 tons,
and shipments larger than ever, seem to
prepare for "a strike
The increase in demand is on the whole
small, much of it due to new building
AHiOuEhpuN Aiio Nphieis ohN ocihN w Wv
ter orders for sheets and wire nails. While
wire rods and plates are in fair demand,
but prices have not advanced. Common
bar is shade stronger at Plttsburg, and
finished products are less shaded ut Phil
adelphla, while at Chicago a better de-
mand is seen in most branches.
Copper has been depressed by competi-
ton TO 9l5 cents for lake. and lead is
offered more freely at 81 cents while
American makers of tin plates are putting
prices sometimes lower than those of SINH
TAR imported plates.
Bedrock For Cotton Cloth.
Cotton has risen a cent from the lowest
point on record, though receipts have been
lOl. 269 bales against 0S. 452 last year for
the week. The rise is due to the belief
that acreage will be reduced this year, but
stocks in signt arc SO large rs To make o
sustained advance difficult.
Prices of print cloths have fallen to 2 "A
cents-below any former record. The rise
In cotton helps the goods made this week,
but is not guaranteed TO last
In wooden goods the initial demand for
heavy weights is nearly over, with fairly
good business in some lines, but only mod
crate in others, while continued and nu.
merous cancellations in low grade and
medium goods give makers much embar-
rassment. But sales OF wool have been
4,S5S 800 pounds, almost half foreign,
against o. l5o,3JO last year. only quarter
foreign.
Boot and Shoe Trade Dull.
The market for boots and shoes Is still
unsatisfactory. most jobbcrs holding that
it is not possible TO sell at an advance,
and the slack demand for grades in which
no advance is asked supports them, but
somewhat more orders have begun this
week at prices asked, enabling some fac.
tories TO resume in part.
Decrease In Failures.
Failures for the week have been 234 In
the United States, against 2iS last year.
Canada's Trade Conditions.
Bradstrect's says: There is no improve
ment In general trade reported through
out tho Canadian Dominion or in New
founLiand, where large amounts of paper
fell due on the 4th inst. and were fairly
well met.
The movement Of spring goods in Nova
Scotia has not begun. At Montreal the
business situation awaits the reopening OF
navigation. Trade at Toronto has been
checked by bad country roadways and
their effect on the produce market The
outlook is favorable for spring trade.
Business failures in the Canadian DO.
muion number % this week, against -
4,