The evening tribune. (Pawtucket, R.I.) 189?-190?, 1897-01-23
PRICES ARE STEkOIER.
Conditions and Prospects Of Business
4! Is Seen by Bradstreets.
Good Effects Of Curtailment of
Cotton Cloth Output.
3.
Aa6leal improvement In Near Future AInos, .
csrtaiRty.


New York. Jan. 2s.-Bradstreets TO-DAY
says:
The most encouraging feature OF tn,
trade situation this week Is the In
creased demand from manufacturers FOL
wool. The decision Of print cloth man
ufacturers to curtail the output will en-
phasize recent sales Of the heavy sur.
plus stocks. and promises better mar.
ket. To these may be added the increase
In the volume OF domestic bank clear
tngs. q general steadiness OF prices and
the healthfulness Of general trade In al
most all departments. Conservatism In
granting credits and the preference by
retailers and others to buy oftener. but
An small quantities. continue to mark
the course of business as not before in
years. Demand is increasing In almost
all lines. with few exceptions although
very slowly. A radical Improvement in
the near future. based on q slow. but
bcalthful increased dconsumptive demand.
is. In the absence Of unforeseen OBJ
Stacles, almost Q certadnty.
Commercial travellers are reported
very generally out on the road, yet the
collections. In many instances, are un-
satisfactory The more active demand
10 for shoes. hats. groceries, hardware,
dry goods and drugs: yet. at such GEN.
tres as Chicago and st. Louis at the west,
Baltimore. Philadelphia. New York and
Boston at the east, business continues
along very conservative lines. Memphis,
Nashville and Galveston continue their
exceptionally favorable reports, as to
demand for staples. Pacific coast ports
announce unusually heavy orders for
merchandise from Alaska and an i'm
proving trade with China and Japan.
Total bank clearings aggregate 81, ,042,- :
oo0, 900 this week. decrease of u of per
cent from last week. but an increase OF
sper cent over the third week of January,
1895: IA per cent as compared with the
corresponding week In 1895. and rs per
cent as compared with the like week in
1894. The third week In January. 1893,
presented an unusually large bank
clearings total. SO that this weeks fig
ures indicate q falling off of 29 per cent
when con pared with the former.
Prices appear to include few, IL any,
that are higher than week ago, while
-four. wheat, corn, lard, crude petroleum,
are lower. Wool remains firm at prac-
tically unchanged prices. but is likely
to advance, IL the present demand con-
tinues. Leather is also firm and un-
changed, as are lumber. cotton, print
cloths, pork coffee and sugar.
An unusually long list of business en-
barrassments continues feature of the
state of trade of the week, the total of
<.s.t e.~x
49 less than last week, SS more than in the
week year ago, III more than In the
corresponding week Of 1896, 81 more than
IN the third week of January. 1894, and 1877
more than In the like week of 1893.
The market for securities at New
York is firm in tone, and rallies with ease
from professional bear selling. Large in
terests are generally bullish, but are In
disposed to force prices up. and London
has been inactive. in spite of the decline
In the open market for money and the re-
duction Of the Bank of England rate.
Outside participation in the market Is
somewhat improved. Bonds Gre more
active, the investment demand has
grown and government bonds are high
er. Foreign exchange Is irregular and
a little lower at 4S7A for demand sterling
Exports of wheat Qlour included as
wheaD. from both coasts of the United
States this week est. John, N. B., includ-
ed) amount to 2.916,706 bushels, as COM
pared with 2,94s,000 bushels last week.
3.849000 bushels in the week a year ago,
2.840.000 bushels in the week two years
ago and as compared with 1881 900 BUSH
els in the like week OF 1893 Exports OF
Indian corn this week amount to $780,
s22 bushels. compared with 1851 900 BUSH
els last week 8. 1872. 900 bushels in the week
a year ago. 5000 bushels In the week
two years ago. 1,Se5.000 bushels three
years ago. and as compared with 735. 900
bushels in the like week OF 1893.