The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-11-10
THE BUSINESS OUTLOOK.
From Bradstreet's "state of Trade

4 ( L A 1A1l ~
| But Within a few DAYS the influence Of
more seasonable weather west and north
west, together with the emphasis Wltn
which political questions have apparent
" been settled, have increased the con-
| idence of many merchants and manu-,
facturers in a prospect for an lncIeasSu
rate of improvement IN genera 81
in the near future. Chlcago- anu -.
Louis manufacturers and business men
already report evidences OF q tendency
| on the part of interior buyers 70 pur-
chase for future delivery, from snch
| iron centres as Philadelphia, F1ttspurs
and Chicago relatively greater steadl-
ness is reported in quotations LOT Staple
brands of iron and steel than Tor nlonths
! mast. There is an increased shipment OF
anthracite coal both by AXE and by ran
within the week, and a simulated de-
mand for shoes, hats and clothing. OF
wooden dress goods is noticeable, free
orders having been placed FOR deilvery
after anuar l, and American neece
woods feel the effect of competition with
Australian, and quotations continue easy.
Print cloth stocks are reduced IN volume
and prices are steady. Domestic wooden
mills are fairly well employed.
Returns of gross earnings OF lUi rali-
roads for October show an average de-
crease of 81 per cent. compared with
those of October. 1893. september shoWeQ
a decrease of 5 per cent. from thai
month in 1893. The granger, central
western and trunk line roads show com
paratively large decreases in comparison
WIN me w oTll > Il Oil IidIIS a. SNta 4SN'
Southern roads, with a gain OF ~ per.
cent. again make the best showing,
and the southwestern and Pacif1c groups
also show favorable comparisons VITA d
last wear. For ten months ending Oc-
tober 81. 1894, 10S roads,, with a mileage
of 90,152 miles, show decreases equivaient
10 12.2 per cent. as against results for
same period in 1898. ~
While prices for iron and steel shapes,
for Bessemer pig and steel billets are
practically steady, there Is another net
advance this week in prices for wheat
and lard, and coffee and sugar nave ad-
vanced fractionally also. Ihere mas
been a further recession IN q~uo1atons
for corn and for oats, and general COM
mercial conditions at the south continue
10 struggle with another decline OF l-oc.
on cotton. Bank clearings at 70 cities
throughout the United States this week
amount to $3.50. GOO, 900, or 70 per cent.
more thar in the previous week, 2 per
cont. more thar in the first week of No
yember, 1898, and only 20 per cent. small
Ter than in the corresponding Week TWO
found in previous weeks aggregates OF
ciearings having been over 80 per cent.
smaller than in corresponding weeks
two years ago.
Exnorts of wheat INCLUDING flour as
wheat. both coasts of the United States
and Canada, as reported exclusively to
sIe his week, AGAINST 1884, 900 bushels
last week, 2,S13, 600 bushels in the week
one year ago, S,SS5,00O bushels two years
ago. and as contrasted with ~2,3z5,oVp
hushels in the first week of November,
Stock speculation at New York has
developed considerable strength ana
prices show advances, due to covering OF
Short contracts on the result OF the
elections. London and the public are
still out of the market, but a remarkably
GOOD demand for bonds has appeared:
Sugar stock is higher and active, amt
advances in granger railroad shares nave
been general. The market shows a on
of increased confidence. Foreign ex-
change is easier, with demand stering
willingness to draw. There are 24l busl-
ness failures reported throughout inc
United States this week, as compared
with 25S last week, 1888 in the week one
wear ago. 1888 two years ago, and 2bo
three years ago.
From R. G. Dun & Co.'S Weekly Review.
Business has been waiting the greater
part of the past week, and the electlolis
are expected to give It a sharp stimulus
Whether men are right or wrong IN eA-
Decting better things, the fact that they
expect them does tend to make things
better. THU a larger volume OF trace
might be anticipated, although no potlt-
zeal events can alter the size of the corn
crop. nor make the demand for wheat
or cotton closer to the supply. fSeltnst
can the election returns alter the taflh'
and if any industry is affected by II,
fayorably or unfavorablyr the sltua-
tion is exactly the same as it was before
tbe neonIe voted, at least for some time
to come. Blu it is fair to infer that
further notifications OF the taTllI are
rendered less probable by the elections
of Tuesday.
In the speculative markets there has
been scarcely any movement, n noun
ing favorable to holders. Wheat IS
2 cents higher, but with receipts of only
2 S45. O32 bushels against 6,59S, All the same
week last year, there is little encourage
ment, because stocks in sight are 1ar
I-.--I Ill -rayrin,1C vnn0rdG ATianT1c oX-
norris have been only 552,3lT bushels Tor
the week, against 947,56 last year, anu
the price has advanced about half a cent
but there is scarcely any confidence that
present prices, low as they are, will be
| maintained. Corn has fallen about 2
cents, Notwithstanding the fact that
Western receipts were Q nly ABOUT
for statistics have little effect when the
supply is believed to be so far short;
| Cotton has declined an eighth to . o-S
cents. which is again the lowest price
| ever recorded, and appears to mean a
definite decrease in production hereafter,
as in most of the Southern states the
prices now realized are not femunefa-
tive. For the present the stocks mere
and abroad are large enough to XIII any
Stocks were a shade stronge the day
/! after election, but the strength did not
seem of an enduring kind. The aver
age of railroad stocks at the close is
barely $1.22 higher than a week ago, and
of Trust stocks $1.S8 higher. Inc truth
| is that the disposition to realize on every
small dvance in prices is constantly
| encouraged by the unsatisfactory re-
| norts of earnings, which for the month
of October were 38 per cent. smaller
Than last year, and S.8 per cent. smaller
than in October, 1892. The reports for
| the latest week of the month were in
deed a shade better but there nave e
| serious rate cutting by the Trunk lines,
| which may mean a heavy loss before the
| season ends.
Foreign imports at New. York for two
| weeks have shown a gain of only ~
| per cent, while in the exports OF DO
nestle products from New York there
annears a loss of 400, 600 for the same
weeks, or q per cent.
The output of pig iron was larger by
| T 731 tons November /, when it was loo,-
866 tons weekly, than it was October l.,
| and larger than a year ago, but 1t IS
| still about 10 per cent. below the output
last NAV. before the great depression
began. 1t is noted that nearly all the
furnaces in the region depending Oh
| Connelsyille coke and Lake ore are now
in operation, with an output of $4,000
| tons weekly out of a maximum in that
| region of 81, 900 tons, but Bessemer iron
\ for finished products of iron and steel
have not improved. Some of the wire
| rod mills have closed for lack of orders,
and a few of the large steel making
concerns nave reduced hours of work.
Al the same time there is a decided inn
| provement in the tone OF the and
= general confidence that the business
will now improve. Thu boot and shoe
manufacture has been doing relatively
we'll. as usual, though the season is
ahoIt over, and the orders running
into the future are, as hitherto, almost