The Providence news. (Providence [R.I.]) 1891-1906, 1895-02-23
TRADE REVIEW.
Success Of New Loan Raises
Hopes Of Business.

NEW YORK. Feb a3.-R. g. Dun &
Co. q weekly royiew OF trade says; The
surprising success OF the new loan ana
the great confidence 1t has given investors
on both sides OF the water and to business
mon hero encourages many To hope thnt
II may be the beginning OF n roal recovery.
Considering tho power which control oil
these bonds giyos to regulate foreign cx-
changes and To prevent exports oil golo,
the transaction has indeed changed the
financial situation, In spite oil the inct
that government revenues are still dencieht
and that domestic trade shows scarcely
any gain as yet. Tho industries are not
enlarging production. nor have prices OF
farm products improyod; but u very I'M
portant source OF apprehension and him
drance has, for the time at least, been re-
moved.
Wheat fell 10 80 cents Saturday last, and
has recovered to 81. while corn, cotton and
pork are unchanged. and hogs and lard
are % shade lower. Western receipts ol
wheat are nearly as large a. last year,
though for three weeks about ~ per cent
smaller, owing / tho storms. The ex'
ports are n littlc Larger than year ago.
Raw Cotton Dull.
Cotton has refused to advance though
there has been much talk about curtail'
ment OF acreage this year, and receipts
have sharply decreased. The decrease was
apparently owing to the unprecedented
weather at the south, and tho market is
more influenced by tho certain overslpply
for the next six months than by the pos
sible shrinkage In yiold next fall. As the
market for goods Is dull, here and abroadi
the fact that visible stocks OF American
are about 100000 bales larger than in lss2
at daJc justiiics expectation that the sur
plus carried over will DO large.
Boots, Shoes and Leather.
The trouble between the shoe manu-
facturors and sellers does not lessen, and
nearly all the jobbers are refusing TO pay
the small advance In prices which makers
OF boots and shoes have asked on account
OF the high price of leather. Jobbers have
fair stocks ON hand, and propose TO sell all
they have before ordering more, with col
lections slow and future prices uncertain.
Leather is firm, without concessions,
though on the whole sales do not equal
receipts.
Shoe manufacturers do not want fur
ther orders, unless with some advance in
DEltts, WiiIu JoDDNIS VII NV p'sf ~ 'hse
many moro shops have closed.
Shipments from Boston for three weeks
of February were 23O, 499 cases, against
e26, eco In 1888.
Nail and Wire MalIors Busy.
Dealers in iron and it's products arc
moderate in volume, with some dlscour-
agement In most branches, though struct-
ural works at Pittsbury are very busy,
aud the demand for wire nails and barbed
wire has never been surpassed.
Textiles Tending Downward.
Textile products show few changes, but
those downward Cottons are meeting an
indifferent demand, and Now York mills
A. bleachcd have been reduced TO 9H
cents, and Lonsdale A bloachcd to 5M
cents, and In cheaper goods and brown
sheetings prices arc Irregular A better
demand appears for finer prints, but fancy
callcoos arc quiet and there Is only the
average recorder business for dress goods
In light woolens the recorders continue
later than usual. and the preliminary pur
chases OF medium anu low heavy goods
are larger than year ago, some mills
having business until April. while In the
higher grades there Is "A moro promising
demand.
The termination OF strike at Phladel-
phia sets more carpet mills ut work. and
dcmand is fair, while in dress goods little
10 doing.
Sales of wool at tho chief markets In
three weeks Of February were Is, 722 1853
pounds against ls,0lO,sJ0 pounds two
years ago.
Business Failures.
The failures Tor this week have been
302 in the United States against 2SS last
year, AVID in Cannda 50 against 81 last