The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-12-15

| stocks unsold was 5O,149 tons. which aver.
ages II, 700 tons per week, Indicating tnsl
month of November was not supporter
by the demand for products. According
" prices have been declining, the gen
eral average articles quoted peing only
54.9 of the average in October, lS9U, against
55.7 on the list of December. L Pltts-
burg market shows most Weakness,
Grey Forge offered at $3.50, and bar iron
( selling at 30 cts, but in structural Forms
the Eastern demand is Suf1clently large
| to cause a slight advance in beams; Inc
| minor metals are stronger. though APP
| parently for speculative reasons only.
In boots and shoes the shipments con-
| cording to the "Shoe and Leather Re-
| porter" being 1876, S99 cases for two weeks
of December against 1852 last year, ana
new orders are coming ~ iamlSt u
a slight advance in prices has caused
hesitation, and in some quarters feducT
ton or cancellation of orders. h
Tie textile manufacturers are on the
whole weaker, although sales OF wool for
the past week, in part for speculative
purposes, have been larger than one year
or two wears ago, and for two weeks
of December have been $3.50, 200lbs. against
1857, 200 last year, and l0,626,SW IN 1872.
The orders for spring woolens do not
materially increase, but the current de-
mand for immediate delivery continues
unusually large. Cotton goods are de-
moralied by some reduction, and by the
announcement of a great auction sale OF
1000 pieces by Bliss, Fabyan & Co., and
the irregularity in various staples IN
creases although print cloths are steady.
Money comes to New York in large
amounts, making the transfers by the
Treasury to New Orleans look a little
fancifui, and no increase appears IN the
demand for commercial loans, except in
transactions on account of the Sugar
Trust, in order to carry out certain pur-
chases of gas property in brooklyn:
Hardly ever has there been as little call
for strictly commercial uses at this time.
Exports of gold for the week Will amount
to 50, 500,0 600, and there has been consider
able selling of American securities on
London account. and as long as TINS
continues outgoes of gold must be expect
ed. The failures during the month have
been swelled by many mis~fortunes at the
depression in cotton, SO that the liabili-
ties for the first week of December
amounted to "a, 036, S66, of which $l,427,4l
were of manufacturing and s, 40l, 45l OF
trading concerns, the aggregate for the
corresponding week last year being S,-
ISL, 400. For the month of November the
SfI,O 500, of which 50, 2S2, 500 were of man
ufacturing and 81, $780, $50 were of trading
concerns The failures for the past week
have been 349 in the United States
against 329 last year, and ~ in Canada
against 40 last year.
From Bradstreet's Estate of Trade"
There is the expected slackening in
wholesale and jobbing lines customary
Immediately preceding Christmas Oil
days. At some points stock-taking has
begun and at others will soon begin.
With few exceptions, sales OF Christmas
snecialties, notions and fancy groceries
by jobbers and at retail show the only
activity in the movement of merchan1
disc, and no improvement is expected.
until the new year.
All larger eastern centres, except Pitts
burg and Buffalo. report trade quiet or
dull. The firSt-named reports uneX-
pectedly numerous general orders ana
better demand for iron and steel. East
ern woollen manufacturers have dis
counted expected effects of the changes
in the wool tariff January l. Philadel-
phia shoe dealers report trade unex-
pectedly active.
Throughout the northwest, including
Detroit, Chicago, Milwaukee, Minneapo-
lis, st. Paul and Duluth, the volume OF
business has, with occasional eXcep-
tions, been smaller than usual, due to
unreasonable weather. Cities through
out the central west and further west
report q moderate volume of trade.
with no prospect of improvement this
month, Restriction has been noticed in
distribution of clothing, shoes, rub
Der goods, pig iron and light hardware.
General trade south is very quiet. ex-
cept for Christmas specialties. Mercan-
tile collections at central southern cities
are better than had been expected. In
staple lines the distribution of fancy
groceries. dry goods and of clothing
leads. The feature at New Orleans is
the revival of exports of bulk grain.
On the Pacific coast general business
is rather better than previously. Port
land, Ore. a good country
demand, and San Francisco that recent
rains have greatly helped the outlook
for California wheat, although exeep-
tionally heavy stocks on hand tend to
depress quotations.
November gross railway earnings OF
1870 railroads, having 0,00O miles of main
line, aggregate S44, 567, 781, a decrease
from November last year of only Ii
per cent. This is the smallest monthly
falling off for eighteen months, during
which period. in only one month, Au-
gust, 1894, was there ar increase over
the like month the year before. South
ern roads maintain their favorable posi-
ton, with the heaviest gain of any group
of roads. Central westerns also show
a gain, the first in months. The rang
ers report heaviest and most numerous
decreases. OF 119 railway systems 67
report gains and 50 decreases from No
ines by 10 large systems account for 81
per cent. of the total decrease. For
eleven months 133 companies, with SO, 425
miles, earned s432, 1858, $50, a decrease from
decreases for eleven months of this year.
but the smallest is that of the Southern
Dads. The largest is the decrease re-
ported by the grangers.
The passage of the pooling bill by the
House and the apparent readiness Of
that body to take up currency reform
give a strong impetus to railroad stock
values. The favorable feeling, however,
has not developed outside of foreign in
terest, and heavy gold shipments for to-
day, ~aggregating s., 900, 900, aid in produc-
ing a reaction. Sugar has advanced
Sharply on heavy bull manipulation, due
to the Senate's refusal to a k up the
free sugar bill, but has since reacted.
The bond market is dull and firm for
prime investments. The new government
) per cent. bonds are lower. Foreign ex-
change has been firm at 4.SsA q 4ss, and
is a little unsteady on offerings of bills
against today's shipments of gold tc
Prices this week show the effect
of trade reaction incident to the close of
the year.
The improvement in bank c~learings
shown by recent weekly totals is con-
the aggregate this week in the
United States being s1,01s, 10000, a de
crease of 1913 per cent. compared with
the week before, but an increase of
1913 per cent. compared with the second
in December, 1893, and a decrease
of 24.6 per cent. compared with the like
two years ago.