The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-08-18
THE BUSINESS OUTLOOK.

From r. G. Dun AZ Co.'s weekly REVIEW.
The new tariff bill, if signed by the
| President as expected. provides a definite
basis for business. No supplemental leg
islation Is thought possible until next
year at least. Large improvement mas
been expected from any settlement, the
more because of "a vast amount OF pusl-
ness deferred from week to week IN the
hope of more definite conditions. Inc
| rush of such business or even a part OF
1t, might easily double TRANSACTIONS lot
the effect of new duties upon many
branches of industry and traue Is prop
lematical, and may be Determined oniy
after some months of experience, ana
meanwhile the serious injury TO corn
and some other conditions exercise a re-
straining influence. While II Is not Wise
| rant for a reasonable and prudent hope
fulneSS.
1t is too early to look for effects OF
.the new situation in the great industries
but the general recovery which mas ap-
peared for some time is seen IN a better
demand for products; speeuiatlon Ies al
which have been 6,929, $50 lbs. for the
week, and 1853, $50 for two weeks OF
August. against 1897, 400 last year and
1S,3S5, 500 in 1892, naturally diminished on
Wednesday and Thursday, as 1t IS eA-
pected that the recent advance may pc
lost, though no change yet ppeaar s,tiss
with free wool until January l., orders
are expected to be governed. by the con-
uminy power OF the pcOpic, WIN sAN
o~celnnlated business so long deferred,
and while recent trade has been enough
to crowd the mills at work on some
specialties, it has been far short OF the
~capacity Of all the works in the coun-
try. Makers will be pressed Withln inc
| next week to put prices on spring gooos,
of which a few lines are opening. Cotton
manufacturer have. been carrying ex-
traordinary stocks of goods for the coun-
try, and the strike threatened at New
BEDFORD will not alarm them, put the
radnctiop of wages seems likely to be
accepted at Fall River. A smar M
crease in transactions Is reported, puy-
ers and sellers having at last d cohiiioh
RESUMPTION by iron and steel works
which were stopped by the strikes CON-
tinues to depress prices OF some nnlsneu
products. but with more furnaces oper-
ating prices of pig iron are not over.
Unless exports increase specify anu
largely. the financial situation may grow,
difficult. In July imports exceeded ex,
ports si2, 537, 914, mainly because OF inc
heavy sugar movement. with lower
duties the arrival of merchandise 70
meet the long-delayed demand will be
large. while even phenominaily low prices
do not take out products freeiy AT pres
emf. In July $l2, sol, 030 gold went ABROAD
to balance importations OF gooas. put
the outgo has ceased. not because eA-
ports materially enlarge. The IreaSurS ~
has been taking in large sums, $S'o4t;l
month. mainly from the tax on Whlskev'
so that with only Sc, 166 1913 from customs
total receipts exceed last yNoa - 49,
ceipts Of gold are Insignificant, and the
reserve in the Treasury is but signify
over $50, 900. 900. Stocks have been strong
er. railroads A.29 per snare ana rru ~
about as large as last year in the height
of the panic, but $50 per cent. less than
the year before. The westwara move
hut the cutting of east-bound rates and
the disclosures in Atchison do not m
crease confidence of domestic or foreign
Comparing with last year, when bust
ness was at its worst, clearings snow
an increase of 64 per cent, though III
comparison with the same week IN 1857
the decrease is PIG per cent. The striking
feature this week is the strong increase
in demand for commercial loans, de-
couraged by action in Washington. Sill
yer is also tronger because OF the East
ern demand. which the war in China
Is expected to prolonS. +
From Bradstreet's State of Trade"
Special telegraphic and mail advices
summarizing interviews WITH more IMAM
800 leading wholesale dealers and manu-.
facturers at AZ cities throughout the coun-
try as to the present effect, II any OF
the prospective tariff settlement ana the
outlook as to the effect OF the SENATE
tariff bill. should it become a law. lndl-
cate relatively less enthusiasm at larger
eastern centers, except at New YORK ana
Baltimore, almost uniform satisfaction
throughout the Southern States. and
simiiar adviees from the Central and
Northwestern States. except where serl-
Gus crop damage has taken place. In
the far West little interest is manifested
i'm tariff legislation. notably at Denver
and Helena, where silver attracts more
attention. Portland fears the result OF
the reduction of the tariff on lumber,
but at San Francisco an Improvement IN
demand is expected, and constderapie
freight Is offering for shipment to China,
manufacturers of wooden goods, glass
ware, pottery and iron and steel at
various centers of production that wages
will probably be reduced. Importers of
woolens are said to have the market TINS
faiI, and clothing manufacturers, 1t is
but not try to carry over lightweights on
January /. Cotton merchants declare
settlement of the tariff comes too late
to help them this fall. and lumber deal
ers speak regretfully of the reduction
of duty in their line.
of a nearby gain in the volume of trans
actions in general lines, due to necessity
for supplying depleted stocks, but there
are many who expect a reaction after
such improvement, due to the conSerVa-
tive influences born of the experience OF
prices in any line appear probable, effects
of probable tariff changes apparently
having been discounted. Within the
week prices of sugar, alcohol, pork, lard.
cotton and rice have advanced. Leather,
too. is stronger, and it is probable that
quotations for iron and steel are or re-
Gently have been on bedrock. Wool,
nominally unchanged, could be pur-
chased at concessions which would
have been refused a week ago., and
leading cereals. afr Elimination OF last
week. are fractionally lower, with west
o,n oottIa and hogs down as we'll.