The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-10-27
THE BUSINESS OUTLOOK.

the whole business lndicatlons are Ia.lyI
more favorable than they were a week
ago. Gold exports have ceased, quite a
number of mills have gone INTO opera.
ton, and the demand for products II
is better than it has been most of the
time this year. The prices OF farm
products do not improve much, anu
there are still some strikes 10 rests. sing
| power of the people cannot nave Hiatel-
ially increased, but there Is a more nope
full spirit which prompts greater aeevi,st
on the other hand, the record OF past
transactions is somewhat less favorable
than of late. Payments through tne
principal clearing houses rough tne
| country show a decrease OF IL per cent.
compared with last year, and a decrease
! of 21.9 per cent. compared with tne
| same week in 1892. the decrease Oh 1ouf
| weeks being 29.S per cent.
Cotton has sold at 5.S1 cents for mid
ding uplands, and the large receipts at
such low prices indicate clearly tnat the
if not the largest, ever procured: inc
| anticipated settlement or dimcuitles d.
| Fall River has not been reaiizeo, ana al
present a good many splndles anu looms .
| are idle. But strikes are temporary d
| more lasting influence is the large accu-
mutation of cotton in the worlds MAI
kets, the stock of American IN sign
now exceeding 1000, 900 bales. II is m
teresting that, in spite OF the low price
of the principal Southern crop, manu-.
| facturers and wholesale dealers re ~rl
1 rather more Improvement Ia tiodS NAtA
the South han with any other section.
The wheat market is a.. Quarter lower
and nothing appears to JUSTIFY any a ams
portant change; Western reeelpts 3 9l na eos
last year, and Atlantic exports only
5S4, 263 bushels, against LOGS, 666 last year.
Corn is higher, without any very clear
reason, and it is noteworthy that at tne
| same time pork is Is cents lower; lard,
IS cents per 100 lbs, and hogs 40 cents
lower. The contrast indicates now niue
@-N-lE at nraGnnf
the provisions market depenos at prssent
on natural relations of supply ana de-
mand. ~
York for the past month show a De
crease of 81, $780, 600 in value, or more than
10 per cent. At the same time there ap-
| pears an increase of 50, 400. 600 in imports
at New York, or 16 per cent, n q as
before, the increase in other articles
! than sugar is even larger. The com
| parison, however, is with a month last
wear in which the excess of exports over
imports was enormous, over 6,0U0, wv,
SO that the changes reported do not
vet imply a contrary balance. Ihe al
| vance in foreign exchange, which war,
ranted the shipment or sl,oo9ooo goIa
transaction in securities. as foreigners
are neither buying nor selling Americans
much at present. The stock market mas
been remarkably stagnant, ana the aver
age of railroad stocks has declined 90
| cents per share, while Trust stocks have
advanced 81 cents per share. pendlng
suits regarding Il6 IIuSlS nave htIlC III
fuence. Railroad earnings in October
have been 3.S per cent. less than last
| year, and lie per cent. less than IN lsSz.
| But details are given W that tne
| loss, compared with last year, is due to
| the enormous passenger business near
the end of the Worlds Fair.
| Industrial accounts are on the whole
| more encouraging. The boot and shoe in.
| dustry leads in improvement, actual ship
| ments from the East being larger than in
| any previous year., for Tour weeks 1885, l6
| cases. against 227, 524 last year and 314,022
in 1892. While the fall trade Is near at
| nd, most of the Eastern makers OF cheap
| er goods are W with orders cover
| ing from one to three months In advance,
| but concerns making goods OF better
| srades have as a rule little business
| ahead. The leather trade is smaller, and
| for the first time in many weeks receipts
| of union crop slightly exceed sales. me
| demand for India rubber is fairly good,
| new Para fine being So to IL cents. In
| iron and steel the West shows
while Eastern markets show more en-
| enlargement. Nothing of consequence is
| doing in rails, the deliveries for the year
to October l being oAly $4,000 tons, much
| below ordinary requirements for renewals
| alone. In structural work some moderate
| contracts are reported, but bar iron IS
extremely dull, and it is stated that the
| low prices reported last week-S cents
! for iron and 81 for steel-have been shaded
| in some transactions. There is decline in
| wire, $1.90 being quoted Tor aIXanlzea
| barbed, and s22.5 0 for wire rods. TIT best
feature is that the heavy increase In the
/ output of pig does not yet seem to over
| load the market. and there are rather
| less signs of pressure to sell than OF late.
In textile industries the situation is
ing. W is ~undeniable that orders for
| goods arson the whole diminishing, and
| retail tradeNdoes not yet prompt such sup
elemental ofaen rst as we're we're e1 foGnd o pSe =
| enough to start up for a time, some haV-
ing business for several months. The de-
mand for wool is not as large as 1t mas
| been. and while prices have scarcely
| changed for two weeks, sales are but
AGO.. $50 lbs. against 5,778,75 in 1892, and
for four weeks 10, 451, 749 lbs, against %
744. 75O in 1892. Prices were put down be-
fore the new tariff took effect, so that
results of foreign competition are felt
mainly in reduced sales of some domestic
woods. Almost nothing is doing in spring
woollens for mems wear, but manufac-
turers are more encouraged to believe
that, as to a large share of the cheaper
goods, they can meet any prices tnat
foreign mills may make.
1t is still, as it has been for some
months, a very encouraging fact that the
volume of commercial failures is small.
cover liabilities of only S., 639, TAI, of which
81. 629, 671 were of manufacturing and
81, 1857, 567 of trading concerns. The failures
for the week were 21 in the United States
against S52 last year and 81 in Canada
against "A last year.
From BradStfeetS state Oh lrdue.
Merchants interviewed in various por-
lions of the country report in some In
stances the condition of business as not
I win realized a~nticipations, and at
other points that the recent bright out
Icok for trade is modified. Such advices
are based in part on the practical con-
| clusion of the fall trade and delays in
| demand for holiday goods. Dealers in
dry goods, clothing. groceries, shoes, hats
and a few other lines nave mad relae
lively the more satisfactory volume of
business, although in many instances
| fault has been found with the totals
shipped, General trad continues check
ed throughout some portions OF the re-
I eions supplied by Kansas City, st. Louis,
| Omaha, Minneapolis and st. Paul, due to
unseasonably warm weather. At the
South low prices for cotton continue to
affect business unfavorably, many larger
1 merchants being more cautious as to
! granting credits to interior merchants.
Throughout a large portion of the region
between Ohio and the northwest, interior
. jobbers will continue to carry small
dry goods jobbers report only low-cost
goods moving with any freedom, and the
| outlook for a settlement OF the Fail
I River strike less favorable. Domestic
fieeces are depressed by freer offerings
| Of Australian wool at concessions. The
outlook fer a war among the coal roaas
is not SO bright as late reports indicate,
ii being unlikely that the producing ana
CARRYING companies will enter into an
ocfive a~ntagouiSm until the results OF
the attempt to var prices for Mo-
yember with unrestricted mining are as
| certained. -
tfonaI, State and private banks of dis
co,,ut at 1922 cities In the United States
ebour total deposits September last of