The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-11-17
THE BUSINESS OUTLOOK.

-
From Bradstreet's state of Trade"
Perhaps the most conspicuous fayoraple
feature of the general trade SITUATION
is found in numerous reports from mer.
chants ,aud manufacturers tnrougnou5
the country of a disposition TO regaIu
the business outlook more e~ncouraglnsiy
and with an increased confidence IN an
early Improvement in trade. even III
many portions of the south ana souen+
west advices from the interior are tnal
the country merchant is doing an NJ
creased volume of business, based on
favorable weather and large crops. Inis
is the more striking in view OF continues
reports of the unfaVoraDle enecl on
trade South of the low price OF coJton.
From Georgia it is learned that 1ertllzeI
manufacturers have arranged 10 cultai
their output next season, in some IN
stances as much as 40 per cent. IN east
ern centres manufacturers OF glass, lea-
Their, lumber, cottonS and Woollens, To-
bacco and agricultural implements, a.
well as jobbers in general dry sooas;
hardware, groceries,, heavy clothing anu
shoes, in numerous instances report On
increased volume of business, fndicatlons
of this tendency being corroporateo pg
bank clearings at IS cities anaou.tins
compared with the week before, Id per
cent. heavier than in the like week last
year and 2 per cent, less 1 e9an This 4 is
the first week in which the volume OF
cIearings has equalled or exceeded Sl.-
900, 0OO, coo since early in January iast.
from New England manufacturing cent
res is continued this week with a total
of 116, 600 cases, compared with 6V,oVO cases
The favorable change in the movement
of prices last week also continues WIN
higher quotations for butter, eggso i "a
hides, wheat 1Rc. higher, sugar o-l6c,
corn &c, pats &c, lard 1-5c., pork Csc.
and coffee &c. Cotton remains unchahg-
ed, but leather, some grades OF IRON.
print cloths and wool and lumber at
eastern markets are all firmer. The more
noticeable declines NEGOTIATIONS are ma
shaded price for Bessemer pig IRON anu
for live cattle and hogs at western mar
kets where receipts of low grades nave
been free. Leaders in the wool trade say
prices for that commodity nave reacheu
their lowest figure, and that the lncreas-
ed demand since. election points TO an
advance, although as yet domestic neeces
feel the competition OF Australan. me
Improvement in the demand. for anc
distribution of dry goods has been SUM
Gent to stimulate discussion OF hlgher
prices. eco ooo &
900 5 per cent. Government loan. A feel
ing has, however, developed that 1t IS
a temporary expedient and cannot per
manently check depletion of the Treas
ury gold. The belief prevails that a radl-
cal reform of the currency is the true
remedy. Financial authorities think.
however, that the issue will be largely
~oversubscribed at better prices than were
obtained for the similar issue last Feb
ruary. Foreign houses are said to be in
terested in a banking combination to
put in bids and supply gold. 1t Is stated
that in the awards bidders who take gold
from the Treasury on. lega! tenders van
be Disseminated against in the allot-
ment.
total number of business failures IN the
United States runs heavier this week, the
South reporting more, but with by far
the greater proportion OF failing traders
being those with only, $1,000 or less ca Jpold
tai. The total number failing is go,
against 21 last week, $40 in the week a.
year ago, 205 two years ago, and 5o5 In the
Exports of wheat from the United
States and Canada, both coasts, show a
sharp squirt following the declining
movement of a week ago; due largely
to heavy clearances from Portland, Ore,
late last week, the grand total Nour
included as wheat amounting. to 2,9o9,-
900 bushels, as compared VIVID I S,0sS,Vyo
in the week one year ago, 3,943,0N0 bush
els in the week two years ago., and $685.
900 bushels three years ago.
net earning of 50 railroad companies for
September, and 1875 companies for the
nine months ending September 30, snow
same period in 1893 losses in September
of "A per cent. in gross and 1913 per cent.
in net earnings, while for the nine months
and in net Ill per cent.
From r. G. Dun & Co.'S Weekly Review.
In nearly all ranches of business
gradual Improvement appears, and the
hopeful feeling observed fast week. Then
it was also noted that the main eondi-
tions of business and trade had not sud
l denly changed, and this becomes clearer,
to the disappointment of some. Low
farm products, low wage and only par
tial employment of labor, still retard
distribution, and the limited demand hin
ders the recovery of industries. Prog
ress toward recovery has not ceased,
and many establishments have resumed
or added to their producing force, some
also advancing wages, but it will take
time to lift business out of its depression,
and the progress made, il less than the
sanguine expected, is at least encour-
bonds for replenishment of the Treasury
reserve was, by bankers, generally APP
proved, but events are showing that res.
t~oration of confidence cannot by itself
remove all embarrassment.
1t is generally assumed that the offered
bonds will be taken at once. The effect
IS less easy to anticipate, for the formal
announcement that. after a general re-
construction of the revenue laws, it is
still found necessary to borrow largely,
! tends to raise doubt about financial pro-
visions for the future. The reported ifn-'
portation of gold from London, with a
loss on its face of $1,000 at present ex-
change rates, is presumably meant to
afIect bond subscriptions. There have al
ready been some Withdrawals of gold
from the Treasury by redemption of
notes to make payments for bonds, and
goods rather than gold are likely to come
from Europe. London has also sold
here about $1,000 shares during the week
Money continues to accumulate, none go
ing West, while the outgo to the South
J has diminished. Bankers are much en-
| coIraged by indications of larger BUSH
ness. but there is no increase as yet in
commercial borrowing, and one dry goods
loan has been taken at "a per cent,
~rchan imports in two weeks of
November have been is per cent. larger
than last year, though 80 per cent. less
than in 1882, and exports for the same
time show a decrease of about 8 per
cent. exports Of breadstuffs, cotton,
provisions and oil in October We're SS7;
fSSo,irh a million bales of cotton went
broad. and the value of the same guam
titles exported this year would have ex-
ceeded $4,000, 600 at last years prices,
ne difference on prices aione being $10.-
COO. 900 in cotton and 100000 in breads
stuffs.
working time have been more conspicu-