The Providence news. (Providence [R.I.]) 1891-1906, 1895-10-12
THE BAROMETER.
Fails 10 Reach the Point Looked For
ward to by Merchants.
COTTON, WOOL AND LEATHER
Continue to Be Commodities OF
Much Uncertainty.

NEW YORK, Oct. l2-R. G. Dun & Co.'S
weekly review OF trade says: The price
barometer gives indications that are not
entirely favorable. Cotton goods go up
with increasing evidence that the Drop Oh
cotton is short. Prices OF other manuiac-
tured products, of wool, hides and leather
all show some decline-a general abate-
ment in new orders being the principal
cause.
With an immense volume of business,
not much exceeded in the largest month
OF the exceptional year 1892, and with evil
dence that in several important branches
the volume has surpassed that OF any
previous year there is growing uncer-
talnty about the near future of industries
Money markets are neither strained nor
threatening, foreign exchanges no longer
raise apprehension, and all fears about
the great northern crops are past. There
have been few advances In wages OF labor
within the past month, and only few
works have been closed by strikes for an
advance.
Boots and Shoes.
Boots and shoes have a very narrow de-
mand, partly because consumers have not
taken all the goods already distributed 10
the trade, and partly because few wish TO
buy after prices have risen so largely:
Many factories are at or near the end OF
| their orders, and. IL they go on, must take
| leather when prices are declining ana
hides are sinking below the price reached
| May z. Shipments on past orders were
| for the week 20.5 per cent less than last
year. A considerable demand still APP
| pears for goods immediately deliverable,
but buyers generally hold back, expecting
lower prices.
In woolen manufactures demand for
dress goods and some specialties keeps
many fully employed, but most OF the
works making mems woolens, for whicr
new orders are scanty. find not enough tC
keep them running To pile up goods IL
advance. wholly in the dark as to future
foreign competition, involves such risl
that some concerns may close for time
Yet sales of wool continue heavy-1l ,349,
200 pounds for the week-largely specula
tive.
| Cotton.
The cotton manufacture is peculiarl!
favored by the rise In materials and by th'
extraordinary stocks OF cotton brough
over from last year but goods are also ad
vancinC. those quoted last week nov
! averaging SOS, against s7.5 per cent OF tn
prices of 1890 1t is too early for cottol
movements TO cast much hight on tn
probable yield. Port receipts thus far-2
per cent smaller than last year-do not In
dicate as small "a crop as many fear, 4
view of the known latencss of picking
Widely circulated advices TO hold cotto
back have some influence also. At preser
prices-averaging s1s cents in souther
markets, against 5s4 cents year ago
100000 bales would bring $4,000, 600 moi
, than 8, 300, 900 bales brought last year.
, Heavy Wheat Receipts.
Wheat receipts have been 1851, A.
bushels. against 4,69o,ls last year, AN
Atlantic exports !, ,To7,629 bushels, flour II
! cluded, against l,99s,7s6 last year. III
movement at Duluth is so heavy as
, absorb vessels and almost arrest ore shi
ments.
D Failures.
r Failures OF the week have included tw
g banks and several concerns of some siz
!. and have been 26s in the United State
4 against 23l last year, and 62 in Canad
, against 43 last year.