The Providence news. (Providence [R.I.]) 1891-1906, 1896-11-28
Big Increase in Volume
in All Directions.
Banking Concerns are Now
Hunting for Borrowers.
Every Part of the Country Feels En-
largement of Business.

New York, Nov. 2s.-R. G. Dun & Co..
in their weekly review OF trade. say:
When the rush of orders after the elec.
tion slackened many began to think
business dwindling. From one town I'm
Illinois, not by many the most populous,
56 trainloads OF manufactured goods
went out the day after election. But
subsistence OF such deferred orders is not
a decrease of business
Disappointment is observed In the iron
and steel industries. because various
combinations have been and ayc still re-
tarding orders by prices whice buyers
believe cannot be maintained, and the
same is true i'm boots anA shoes and In q
few branches of textile goods But
business is on the whole enlarging, and
the employment OF many more hands
VIII extend purchasing power. Broadly
speaking, the gain has been greater than
anybody expected, and 1t is not surpris-
ing II a small part of II is In excess of
the present consuming demand.
Reports from all parts Of the country
show clearly the enlargement of trade,
rot at all points in the same branches,
but everywhere helped by more conf
dent feeling. Extremes OF weather have
made the week not altogether good for
retail trade, but In that line also there
is improvement on the whole. None
tary difficulties have vanished as II bv
magic, and banks with an uncomfort-
ably large supply of idle money are
hunting borrowers, as the borrowers
were recently hunting lenders
Wheat has risen over 6 cents for the
week, without material change in foreign
odvices, which have been on the whole
less stimulating. Western receipts are
falling behird last years. and for four
weeks past have been only 1902. .5S4
bushels, against 27,902,512 last year
while the Atlantic exports. flour in
cluded. has been 6270,9S1 bushels in the
same week, against 6,265,0lS last year.
and are not large enough to create ex-
element.
Cotton has gained only 1-16th, after its
considerable decline. and the remark
ably heavy movement puts tho specufa-
tors for an advance In constant diff
cuities, and yet there Is all the time to
be remembered the fact that the crop
was nearly one month earlier than usual
and the present exchange over last
years movement may be materially re-
duced hereafter.
Wool was and is still bought largely
for speculation, and earlier purchasers
are unloading on the latter. but the mills
are not yet doing much more than In
October. Including speculative opera
tions. the sales OF wool have been for four
weeks 1854, 100 pounds, OF which 26,2I2.-
600 pounds were domestic. against "a
296.050 last year, of which IL. 1881, $50 were
domestic. and 24.37i .S21 in 1898, of which
II $50. 1876 were domestic. But the pro-
ducing capacity in operation does not
seem to be half the capacity Of the works,
and the stoppage of several large carpet
mills within the past 10 days Is Of Inn
portance.
The boot and shoe industry is still
hindered by the general refusal OF deal
ers to pay the advanced prices demanded
by manufacturers. except for the linn; ;ed
quantities which are Immediately re-
quired. and while most manufacturers
ere working on orders taken weeks ago
at lower prices, which will keep them
busy for some weeks to come. very little
new business Is coming. No further ad-
vance of Importance has been made in
leather. and the market for hides has
sharply reacted. so that the average OF
prices is slightly lower than Nov. II.
Failures for the week have been 800 In
the United States. against 279 last year,
and 3s in Canada, against a. last year.