The Providence news. (Providence [R.I.]) 1891-1906, 1899-03-25
NO SIGN OF FRIGHT.
Stock Operations Have In No Wise d.
minished Expansion OF Business.

Stock Operations Have In No Wise d.
minished Expansion OF Business.
New York, March 25.--R. g. Dun & Co.'S
weekly review OF trade says: business
was not frightened either by The great
capitalization of new companies OF by
the Wild fluctuations in Wall street. no
matter how much the stock operations
in New York MAJ count, business else
where is large enough 10 warrant a won
derful expansion of industries In no
considerable branch has production di-
minlshed 'ut i'm practically ali il has
been increasing during the past week.
In iron and steel little lower price for
Bessemer pig appears at Pittsbprg, but
with grey forge 20 cents higher there and
southern irCn at Chicago 90 cents TO 81
higher. There is no market for billets.
No works east or west can furnish them
al present. but quotations range from
So at Pittsburg to 81, AT Philadelphia.
In finished products there is the same
trouble. The minor metals are all
weaker with the reaction OF London
speculation. though copper has declined
10 IL cents mere ana yet so much above
London that exports have been stopped
for the week.
Shipments OF boots and shoes have
been 256,lS5 cases In three weeks q;
March, against 2,0.946 last year though
less large than in any ether year. and
20 percent more than in 1892. frices Of
hides yield a iittfr ut Chicago, sat leather
is being pushed up here for Union.
Wool is at the doubling. point, with
large sales ordered from the interior by
tired holders. and some concessions made
10 secure transactions at Philadelphia
and Boston. though quotations show only
moderate decline and sales al the three
chief markets are almost as large as in
1892. Manufacturers make many in
quiries. but the prospect Of combinations
Is potent TO hinder transactions. The
goods are in rather better demand than
year ago. but no large class OF mills
can claim 20 be fully employed. The de-
mand for cotton goods is still strong, but
this week has not materially advanced
prices.
Cotton is decidedly weaker. though
many believe that short supplies wiz in
time ensure higher prices, but mill and
commercial stocks are about coo, 600 bales
larger than last year abroad, and mill
stocks here must be heavier. because
the mills are buying very little, although
crowded with work while the commercial
Stocks here are quite large.
The swarm Of new combination really
produces less influence than might have
been expected. Most people are aware
that, in spite Of all assertions, none Of
them has an actual monopoly OF any
thing, and all have to sustain themselves
against important mpetition. The
multitude of them now being offered to
subscribers tends at present to weaken
all proposals, and very many CORPORA
tions have been formed on paper which
have not yet been completed in cash re-
ceipts or payments. 1t Is an open ques-
ton and for months or years TO come
must be, how far these great aggresa-
tions of capital can surpass ia; economy
and wisdom concerns conducted by in
dividual owners.
Failures for the week have been 200 In
the United states. against PSI last year,
and - I'm Canada against II last year.