The Providence news. (Providence [R.I.]) 1891-1906, 1895-12-21
DOWNWARD.
Prices OF Manufactured Goods Con.
iinue to Decline.
WOOL AND COTTON ARE QUIET.
But Little Change In Boots.
Shoes and Leather.

NEW YORK, Dec. 2l.-R. G. Dun g. Co..
In their weekly review Of trade, say:
The strong Americanism OF the presi
dents messaf has given rs character TO
the week. Popular feeling was pro-
foundly moved, but, excepting i'm stock
and cotton markets, business was remark
ably dull and scarcely affected
Not because OF any foreign question, but
solely because of influences which have
been in continuous operation for months,
prices OF manufactured goods continued to
decline. There is no great change in
boots and shoes, and in some branches the
demand appears little better, though
gradually lower prices are offered, and
leading jobbers look for prices still lower.
Leather still declines, averaging Q per
cent lower for the week, though hides at
Chicago are scarce, and about per cent
stronger.
Prices of iron and steel have fallen
about per cent for the week and are now
per cent below their maximum, bes-
semer pig and gray forge and most kinds
of finished products having yielded more
or less. Minor metals are weaker copper
being offered mt 10 cents net. The Amer
lean production in November was l6. $50
tons. and the foreign TIPS tons. Lead is
weak at 3. 90 cents, aud tin after a raise in
options, Is selling at 1875 cents.
Cotton and Wool.
Therei is no change OF Importance in the
market for cotton goods, which is not
active enough to prevent some accumula-
ton. Print cloths are a shade weaker.
The market for woolen goods has not
improved, scarcely any, except clay mix
lures and n few fancy cassimeres, selling
at better than last years prices. and cloth
iers are not in haste TO contract largely
owing to uncertainty rs 90 foreign prices.
New orders for the heavy weight goods
are more delayed than usual and remark
ably small.
Sales of wool are mainly confined to inn
mediate needs of manufacturers, who are
buying but little ahead, and for three
weeks Of December have been 1919, 200
pounds, OF which s,905 lO) were foreign,
against l6,50i,l0o in the same weeks Of
1892, OF when 4, ,l0i, 800 were foreign
1t sounds strange to hear the many COM
plants of slow collections and scarcity OF
money in the west, on account of the
tardy movement of products from the
farms, when western wheat receipts in
three weeks nave Dccn lo,Ol0, i5o DusnelS,
against 9. 100, ,32i bushels last year, while
Atlantic exports, Hour Included, are only
5,Sl2. 337 bushels, against 6.453, 100 bushels
last year. Grain is so low that "a FREQ
movement cannot he expected, and yet tho
receipts are SO large that the crop remairf-
ing behind must exceed ordinary esti-
mates.
The movement OF cotton continues com
parativcly small, but estimates OF con-
sumption here and abroad begin 10 take
the place, in a measure, of estimates Of
yield, as markets for goods are generally
dull. There was shade Of advance in the
price until foreign questions disturbed the
market. but it closed with a cent decline.
Failures for the week have been 81 in
the United States, against $40 last year.
and 81 in Canada against 9f last year.