The Providence news. (Providence [R.I.]) 1891-1906, 1895-01-19
eOOD BUSINESS.
New Year Shows indications
Of Improvement.
Declines in Wheat and Corn-Canada
Showing Healthy Signs.

NEW YORK, Jan. 1o-R. G. Dun Z Co.
weekly review of trade, issued today,
says: There are some good signs, but
they do not as yet extend to business gen.
orally, which hesitates much as 1t has fo-
months.
The industries are meeting n larger de-
mand for some products since the new
year began, but no definite Improvement
appears I'm prices OF manufactured prod
ucts or In wages. In the main, it Is in
waiting condition, with much hope that
positive improvement Is not far of, but
not very satisfactory evidence of it as yet.
Wheat has sagged of cent again, with
western receipts only about half last
years. The departments estimate of AGO.
000, 600 bushels against less than 400 100000
earlier in the season, points TO proba-
bility that the commercial estimates have
been nearor the fact. Western receipts
have ALLEN off of late, but no longer afford
definite Indication of the supply remain
Ana. which some estimate as 50,000,000
smaller than year ago, although the
price does not answer to such reckonings.
Corn has declined 1% cents, in spite Of
Che very low government estimate OF
yield, receipts being now larger than
of wheat
Cotton has remained steady at 5sz cents,
with fairly large movement.
The Metal Markets.
There In somewhat more doing in the
iron and steel business, enough TO cause
. shade Of lifting In prices for Bessemcr
iron and billets at Philadelphia. where
there is also improved demand for finished
products, but at Pittsburg all changes re-
ported are downward. Orders for bar are
not large, though better are expected. and
barbed wire 10 In light demand at l.S5
cents.
Speculation has depressed tin q fraction,
the reported aim being to dislodge the
holdings of the syndicate.
Sales Of 250 600 pounds OF lake copper at
az cents are reported, though Calumet
and Hecla Is held ut 10 cents.
Load has been strengthened to 3.1S
cents, and the reduction OF 121< to 10 per
cent In wages Is expected to start the tin.
plate works
stringency In Boots and Shoes.
Embarrassment in boots and shoes does
not lessen, and many manufacturers are
getting near the end OF their orders, while
the disposition to restrict orders at the adj
vanced prices demanded seems to be grow
ing more general. Shipments are never.
theless larger than In any previous year to
date--163.9l3 cases, against 1850 two
years ago. Leather is less active, rs most
manufacturers are waiting to see what
they can afford to buy.
woolcns and Cottons.
In wool there are fairly large dealings,
1067S, ,Sl5 pounds In January thus far,
against II, ,Ss7. 800 in 1898, much Of the in
crease being in foreign wool. Consider
able sales -ef carpet wool are reported, and
better demand for territory, while Ohio
Xxx is quoted at IL cents The eimportant
London sale Of Australian has caused
como hesitation. The opening of heavy
weight woolcns is believed to indicate
decline Of 30 to 40 cents I'm goods costing SO
or over, and l2& to 20 cents in goods cost
Ing from 81 to 80 per yard, but many
makes have not yet been shown. While
there is much waiting In this industry,
there Is evident hopeful determination
to meet foreign competition.
Prices of cotton goods are still de-
pressed. print cloths to 2 4 cents, the low
est ever known, and leading ginghams TO
~ cents and transactions are fairly large.
Decrease In Failures.
Failures for the week have been 375 in
1I3o OnittQ GtubtS, uSu'uSO fof ldsb year.
The Canadian Outlook.
Bradstreet's review says today: To-
ronto reports moderate volume of trade,
with some improvement in orders for
heavy and scasonablo goods and a Fair
outlook.
More than usual dullness is reported by
Montreal jobbers. the redeeming feature
In the province of Quebec being that pur-
chases have lcng been confined 10 actual
wants, SO that liabilities are smaller than
usual. -
In Nova Scotia, the volume OF trade for
the year has about equailed expectation.
although prices are disappointingly low
and profits correspondingly interfercd
with.
The situation in Newfoundland remains
unchanged, with the outlook not encour-
aging. There are Ga business failures re-
ported from the Dominion Of Canada this
week Last week the total was SO, and
one and two years ago, respectively, it was
q and %.