The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-02-14

know when he is beaten. He has the
business instinct to drop a losing
fight and get around to making money
again. So this was what he had to
say last week in the letter which he
sends out to the lambs every Satur-
day
Almost the only stocks that have shown any
activity are the Iudustriais. They are the only
passage of the Tariff bill in tue Houss OF Rsprs-
sentalives; and, somewhat singuiariy. the
changes 10 their value have been upward; tnat.
h how ovsr may ,6 be ad das TO of 'h the n action
of the House. In this country.
business still shows evidences of a slow
Improvement. There is some abatement OF me
resumption ofwork by long idle factories ana iron
works; but that Is not remarkable after sucn a
marked renewal Of production as occurred iast
month. = = Taking the trade OF January as .
whole, however, it shows a fair improvement,
both Ia tone ami volume, on that or the pre-
vious six months. The manufacturers are WALL
ing for final action of the tariff. From such IN
dicatious as the Senate affords, it seems likely
that no serious Obstruction will arise to the pas
sage Of the bill in q modified form. aud q month
or six weeks may possibly find it on ths statute
book Before that finalty, however, the duties
on q wide range of articles will be regarded as
so far certain as to admit OF giving orders Tor
them, aud in that way a steady increase OF
business may Dc eApecteu.
s We respectfully commend these ex-
pressions to Major Pangborn's arten-
ton. Dun's Commercial Agency let
ter takes, on the whole, a less buoyant
view than Mr.. Clews, but it evident
ly regards the remaining uncertainty
about the tariff bill as the main re-
tarding force. 1t says
Doubtless the uncertainty which remains.
with the tariff bill yet in the Senate and curren-
cy measures of Importance pending Ia the
House, has some hindering influence. but there
is still seen an incrsass in the demand for many
kinds of goods because of the exhaustion. OF
stock in the hands OF dealers by a consum otlon
which, though less than usual, is nevertheless
greater than in any other country.
So long as the increase in the de-
mand for goods continues, all is going
we'll. 1t will be accelerated present
ly. But let us glance at another re-
view of the situation, at once the most
conservative as to source and the
most hopeful in tone of all. Here is
what Brddstreet's has to say about
the state and prospects of trade. =
A fresh impulse has been given to business
this week by the success of the Treasury in OBJ
tanning gold for its reserve, thus strengthening
confidence in its ability to maintain gold pay
ments. The money market canuot be expected
to change much with S2z5.000. 900 cash in tue
banks and more coming from the interior, while
the Treasury also is compelled 70 pay out more
than it now receives in taxes. Gradual i'm
provement in business explains the appearances
OF more commercial paper in the market this
week than has been seen for a long time. In-
dustrial recovery continues, though it is but
gradual, in response to the demand of O peo-
pie whose consumption at its lowest is greater
than that Of any other country, and more mills
are now at work.
A larger demand for structural IRON and steel
for railway materials, except rails, for barbed
wire. and especially for wire nails and wire
rods, gives a better look to the iron industry.
both East and West. Chicago notes distinct
improvements; at Pittsburg business is larger.
though prices do not gain. and even at Phila-
delphia Trade is better both for pig and flu
ished products.
OF course, the Journal a help to
keep things back by frightening bust
ness men all it can. It is a congenial
work. Let it keep on by all means.