The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-11-24

expected that ii syndicate will bid for
the full amount Of bonds at a price max
| ing the rate s per cent. or a little Tess
and that other bids Will also be large;
but how much gold the Treasury VIII
get or keep is problematical. Inere is
no improvement in the demand for COM
mercial loans, and money sun driIts
J to this centre. scarcely any now go,ns
( South and none West. There was a IN
tie selling of stocks after the reduction
of the Burlington dividend, and the
average for railroads closed $l'0o lower
for the week.
The wheat market has lost this week
the cent it gained last week, western
| receipts being larger and Atlantic eX-
ports are also larger, oS';,ll pusheIs
| against TG3,026 last year, but these are OF
small account compared with the great
visible supply. Foreign reports this
week have been rather more pronlising
though The fact remains that the WORLDS
crop outside the United States is proc
ably the largest ever grown. corn mas
| declined ~ centss receipts having much
increased The foreign demand for cot-N
ton continues large, exports being 5O,Veo
bales larger than for the same week
last year. but receipts pr a adso fo opn three
months VIII closely approximate those
of the same three months when the yield
was over 100000 bales. But the price
Textile. industries have added
a few factories to the working list;
against only one or two Withdrawn, anu
| there has been some improvement in the
demand for woolens. More supplement
tary orders for spring have been re-
ceived, and colder weather has increased
the demand for heavy goods. Yet on
the whole the market is not active, and
the manufacture is much below the ca
pacity of works. Sales of wool for the
week increased again, though still far
behind last years, and for four weeks OF
November have been u, 259, 800 lbs. against
17.590,521 last year. Since August the
sales have been u per cent. more than
last year, but SO per cent. less than IN
1892. Prices of cotton goods are more
irregular. and some have declined, while
print cloths have advanced q shade.
Cheap cotton causes much dulnesS.
The shoe industry leads all Others IN
approaching full production.
from Boston have been for November
thus far 642, 943 cases against 453,949 last
year and So, 532 in 1892. The number of
eases shipped has been larger since Jan.
/ h in any previous. year. In spite
of the general demand FOR cheaper
grades, this is a most encouraging
record, and while some factories have
completed their orders for the winter.
and begun stock taking and repairs,
many others have orders to keep them
busy beyond Jan. l. The iron industry
again records lower prices for Bessemer
iron, $10.40 at Pittsburg, and for some
manufactured. products. The consump-
ton is large. and for the season fairly
to the capacity of works in operation,
their struggle to get business keeps
prices at the bottom. 1t is reported
that an American ship yard has secured
orders to build three armored cruisers
for Russia, which will give added work
for some years, and that a contract for
10, 900 tons case pipe for Tci[io Will prob
ably be secured by a Southern concern.
Tin, copper and lead are all weaker, and
some concessions are reported IN IN
creases, but was about the largest ever
known for October.
Payments through clearing houses in
secured in the corresponding week in
1882, with allowance for the number of
business days, the daily average for
November is not per cent- more re than n
1892. Railroad earnings in November
thus far show a decrease of 3.6 per cent.
compared with last. year, and are 9.S
ond week of the month appears a lit
tie better than the first. On the Trunk
lines the decrease is 142 per cent, but on
West-bound movement of merchandise
Is lighter, and Chicago East-bound ton
mage by Lake and rail for three weeks
has been 250,1SS tons against 421,SSS last
year. Exports from New York for three
weeks decrease about 10 per cent, while
imports increase about y per cent. The
Increase in dry goods is over 10 per cent,
but in most articles only moderate. h
Failures in two weeks of November
have been moderately large in amount.
reported liabilities being S., SOP, 1903, of
which 81, 713, 1855 were of manufacturing
and 1881, 2S9 of trading concerns. For
the same week last year liabilities were
owe 9l,ZUu,tbu. liz Idilut6S ltlS wee
have been 800 in the United States
against 3S5 last year, and 81 in aCnada
against "a last year.
From Bradstreet's "State of Trade"
The features of general trade for the
week include an increase in distribution
of holiday goods, of heavy clothing, hats,
s~easonable dry goods, and, at various
points, hardware and shoes. This was
stimulated by seasonably colder, weather
and a continuance of the feeling of con-
fidence in q nearby improvement in de-
mand. At the south a favorable influ-
ence is a moderate advance in the price
Of cotton, due to the greater favor with
which lower estimates of the size of the
cotton crop are being received, and to
prevalence of the opinion that the price
been a good demand for spot cotton.
Some shippers of Southern lumber COM
plain that Southern railroads are show
ing preference to cotton. From points in
southeastern Atlantic States some hest
fancy is reported in supplying goods be-
fore making collections for the full sea-
sons business. At the north lake nayi-
cation has practically closed, and the
results Of the seasons work are gener-
ally unsatisfactory
The fact that demand for iron and
steel has not fully kept pace with pro-
duction is made plain in another reac-
ton, bringing the price of Bessemer pig
down to s1025 and of billets to s15.25,
with the outlook not unfavorable for
SlD beSSeitleI plS IoH anu Sio loA pliletS
at Pittsburg. Coal prices are cut again.
The anthracite output for the completed
calendar year promises TO amount to
about 40,500, 600 tons, against 43,039, 900 tons
in 1898, and pig iron production to 6,545,-
600 tons, as compared with 1924, 900 tons
in 1893.
The Pacific coast makes another rec
ord in the matter of exports of wheat,
Tacoma having secured an unusually
large proportion of this business during
late weeks. San Francisco wires that
vessels are being chartered there to
proceed to Columbia River in ballast to
load with wheat. Exports of wheat land
-four as wheat, both coasts, United
States and Canada, nou this week
to 3,3I2, Gt0A bushels compared with 2,s09,-
+ 900 7 bushelssElas week. 1854, 0G0t bushels
In the week a year agos 3, 465, 900 bushels
in 1892, and 4,0S2, 900 bushels in 1891.
success of the new government loan of
$50, 600, 900 to be allotted today. 1t is UNI
derstood that New York banks, trust
companies and private bankers will sub
scribe for the entire issue or more on a
8 per cent. basis, and that banks, d.
rectly or indirectly, will surrender their
gold freely for the purpose. Outside
subscriptions are also expected to amount
TO a large sum, and will insure a heavy
oversubscription Of the issue. Allega-
tions in regard to a premium on gold
involve q misconception of facts. A
few intending subscribers to the bond
issue, unable to obtain gold from banks
and unwilling to apply to the Sub-Treas-
ury for an exchange of legal tenders
into gold, have paid a brokerage for
small parcels of gold coin amounting
tons to the loan are likely to be con-
sidarahl hit the only direct receipts of