The Providence news. (Providence [R.I.]) 1891-1906, 1895-01-12
no CHANGE YET.
Business World Waits for
Anticipated Revival.
There Is Decreased Demand for Cot.
ton and WooIen Goods.

NEW YORK, Jan. l2.-R. G. Dun & Co.'S
weekly review of trade says: Neither the
beginning of the new year nor the failure
of the currency bill has brought any ma
terial change to business as yet.
The idea that business would suddenly
take n now start after the holidays had
rather less foundation even than usual
but the hope of strong revival little later
Is still cherished by many. The currency
bill, with its possibilities of vicious amend
ments, was a scDrce OF apprehension to
some but with that out of the way, the
deficiency of treasury receipts remains
and exports OF gold do not cease.
Exchanges through principal clearing
houses are 25 per cent larger than last
year, but 242 per cent less than In 1893
There has not been much time for change
in the industries. but differences observed
since the new year began arc not in the
direction of higher prices or larger demand
There are more indications than OF lato
that stocks of different kinds OF goods
have been accumulating in consequence of
past increase in production.
Low prices OF iron at Pittsburg have
checked business at the west, and are at
tributed by some TO the idea of purchasers
that the recent reductions in wages and
cost of materials must be followed by still
lower prices. But the main fact Is that
consumption Is below expectation.
Shoe Business Unsettled.
In tiie boot and shoe manufacture, In
creasing disposition to restrict orders,
where any advance in prices Is asked, un.
settles the business, for while some manu-
facturcrs have orders for six weeks or
more, most of them require further orders
to run more than about two weeks. Tho
question whether prices now demanded
for leather are too high for healthy trade
may be determined only after some en-
barrassment
The cotton manufacture reports de-
creased demand, with print cloths down
to 2c2 cents printed staples much de-
moralized and lower and wide sheetings
generally reduced about ~ per cent
Many quotations OF cotton goods are the
lowest on record, the weeks trade being
quite unsatisfactory.
Trade in woolens hesitates because OF
largo distribution from warehouse under
new duties, but little change appears In
prices, and heavy woolens are expected to
open at about last years quotations. The
demand for dress goods has been remark
but has fallen of. Sales of wool, 5,236,7l5
pounds, against 5,So5, 500 two years ago,
indicates hopefulness among manufactur-
crs.
The Grain Market.
Corn has risen TX cents, and though re-
ceipts are but little over half ofIlast years.
tho practical disappearance Of the export
demand, then large, counts for about as
<k .nt< txs..t L. ,u.l A. q
ernment report that the yield was only
1918 600, 900 bushels, and the advanced
estimate for wheat, 462, 267, ,4l6 bushels,
was treated as equally unimportant.
AS receipts of wheat have fallen to
year, and Atlantic exports have become
larger than year ago, the advance Of IA
cents In price is not surprising.
Cotton Is so low that scarcely any reason
Is needed for fractional recovery, but
with 1000 600 bales already In sight and
the stocks abroad enormous, there is Titles
to cause much recovery.
Failures this week are 420 In the United
States. against 474 last year. and "a In
Canada, against 81 last year.
Over the BORDER.
/. Bradstreet's says: Montreal advices re-
port improving demand for teas and some
other groceries and a firm demand for
leather, but results of the past years bills
at that center are disappointing, few con-
Germs having added to their capital, and
many others have barely held their own,
owing to the falling OF Of business, which
corresponding decreases arc in expenses.
Toronto reports better wholesale busi-
ness In some lines in the earlier por ton of
the week. seasonable weather having
stimulated the demand for goods and
fabrics. At Halifax business Is quiet in
all lines, and mercantile collections are
only fair for the season.