The Providence news. (Providence [R.I.]) 1891-1906, 1895-06-08
BUSINESS.
Steady Increase Reported in
Demands.
Outlook for Wheat-Higher Quota
tions for Iron and Leather.
NEW York, June s.-R. G. Due s. Co

NEW York, June s.-R G. DUE & Co.
In their weekly review of trade says;
The tide of business is rising, even as II
was falling just two years ago, with sur
prising rapidity. The gain has gone so
far and so fast In some branches that the
more conservative fear that 1t may not be
maintained But the period Of dullness
which comes in each market after an un'
usual rise brings as yet nothing like
corresponding decline. Industries gam
much, halt or fall back little, and then
gain once more.
The demand for consumption steadily
increases as the employment and wages OF
the people increase. Demand for money
expands, one bank reporting 20 per cent
larger discounts for the country, and an
other 23 per cent more commercial loans
than year ago, and all but two report
some gain. Ono serious question remains,
Whether the crops will be full enough &c
sustain large business. But the worst
reports arc better by far than the esti
mates recently current.
The Wheat Market.
Wheat rose 3 cents, fell back 9 With
realizing, and has again risen 8, with
western estimate of crop SO,OOO,OO
bushels smaller than last year lt Is
pertinent 10 remember that official ana
most unofficial reports, down 10 "A late
period last fall, put the yield about sOWo,'
600 bushels lower than IL Is now known to
have been. Western receipts were 264,OOO
bushels more than last year, and for live
weeks have been 1911 ,03l bushels against
1901, $50 last year, while Atlantic exports,
-four included were $4,000 bushels
smaller for the week, and have been in five
weeks 7,73s, ,72S bushels against ll,9i5, ,47s
last year. There is neither holding back
by farmers, nor anxious haste in purchas'
ing by foreigners, TO support BELIEF IN
scarcity.
Cottons and woolcns.
Cotton declined "a cent, with better
weather at the south, but excitement and
prices rose again with the report OF only
116 per cent decrease in acreage. Cotton
mills are doing well, with very salts
factory orders already for prominent lines
and the market is strong with occasiona
further advances.
In knit goods there is also some i'm
provement aud higher prices for yarn
though prices have been cut in some kind
of hosiery. The demand for goods look
better and a fair start has been made II
orders for fall goods.
Business in blankets is the largest sine
1892, and the outlook in medium and fin
worsteds and in cassimcres is though
favorable.
Sales of wool continue larger than II
any previous year, and for the five week
| have been 27,7l3,250 pounds, against 20
800, $50 in 1892, but demands of western
holders are causing much larger pun
chases of foreign wool
Iron Advancing.
| Iron pushes upward, and the advance Il
| finished products has become general
| Boots, Shoes and Leather Higher.
Shipments of boots and shoes are still
larger than in any previous year, and II
most grades recent advances are paid il
large orders, but there is some slackenini
| In boots and women's grain and bui
shoes. Hides are higher at 9A cents 70
western, and tanners hesitate, but leathe
Is stiff.
| Decrease In Failures.
Failures for the week have been 1913 4
the United States, against 2l6 last year.
Good Outlook For Canada.
Bradstreet's says: There Is no change 4
trade O editions at Montreal, whore GRO
prospects are favorable. Trade has bee
fair at Toronto, with better collection
and favorable outlook. Nova Scott
crop prospects are excellent, which is ais
true of New Brunswick.
| There were "a business failures reporte
from the Dominion of Canada this week
against % last week.
| Bank clearings at Winnipeg, Hamilton
| Toronto Montreal and Halifax aggregate
| g., ,634 600 this week.