The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-12-01
THE BUSINESS OUTLOOK.

ment loan and the repleniShment OF tne
gold reserve have not perceptlbly al
| fected business, nor prevented an adj
vance of foreign exchange near TO the
exporting point. AS January interest
has soon to be met, and the operations
of the syndicate are thought likely. TO
prevent much selling of the bonds to Tor
eigners, some exports of gold are not
improbable. Meanwhile domestic trace
and industry have been not a little m
huenced by the heavy defalcation In one
bank and MINOR disorders in TWO otners,
and by the failure of the Erie KallWay
to meet interest on ITS oonasi IL cro5
ing of sugar refineries Will diminish
the industrial fonce more than It ls
increased by the resumption OF the Beth-
lehem Steel Works and a few other
concerns. The controlling fact Is tnat,
although in two instances wages have
been increased, the earnings of the work,
ing force and its purchasing power dIe
not on the whole charging al present,
and prices of the chief farm PRODUCTS
do not materially improve.
Cotton reached 6 cents last Saturday,
and has reacted three-sixteenths after a
mates of the New Orleans Cotton FIX
change averaged $3.50, 900 bales, and. a
larger quantity has come into slght TINS
year than at date In 1871, Wnen the ylelo
was over 5000, 600 bales. The average
price in November of that year was
SIG cents; at that price the 4,7Sl,0OO bales
which came into sight in three months
ending December l would have pald as
much debt as 6,371, 900 bales at the price
this year, but even that would not eH-
plain the large marketing TINS year ~
less the crop were large. Wheal is -
cent higher than a week ago, ana WeSt-
ern receipts still eXceed last years,
amounting since July / to 109, 900, 0o0 bush
els against JOG, 500, 600 last year, Whne eX-
ports from all ports have peenl a : ner
q, 900, 900 bushels smaller. h smaller
quantity received last year paid more
debts by about $4,000 600 thap the larger
quantity this year, and wheat seii, n
for the first time below 80 cents JUST
after a harvest may 1aturaiIy pc hedu
back for better returEs. Corn mas al
vanced a fraction, receipts being iargea
than q year ago, put on tne WHY 49, ~
outcome for farmers has not so lmpfoV-
ed as to promise larger buylng py the
West and South.
The stock market disappoints those
who reckonkI on improvement after the
sale of bonds. The average for railroad
stocks has declined 81 cents per snare
and for Trust stocks $1.93 per snare, IN
part because the Shoe and Leatner toy
berv and other bank Irregularities caused
same unreasoning uneasiness, pXt more
because the earnings continue &1nlnspir-
Those reported for November tnus
far are IL per cent. less than last year,
and los per cent. less than in 1882; Ton,
mage East bound from Chicago by rail-
for four weeks has been 1888, ISL against
222. OH last year a decrease OF l4s per
cont. lake and rail tonnage EAST pouHu
has been 1895, 909 against 542, 1856, a decrease
of 36.2 per cent. no
The. tumble in Sugar stock may pc
aimed at Congressional acton; put Inc
importationS made last sum.
mer in anticipation of duties nave not
been sustained by the expected consuinp-
ton. Raw sugar costs lib cents more
than May 1, and an eight more thail
August 20, when it became certain that
the new tariff would not be changed,
GRADUATED brings only an eignth more
than May /, and half a cent less ,n sn
August 20. The curtailment or coal pro-
d,1ction also lessons working force or
hours. and many of the four mills az
the West have topped on account VI
the condition of the market ~n+oi,
The great industries fairy manu- h,t
the production previously reported, put
cannot be expected to increase at inns
season. A few more iron WORKS nave
| exported larger, but there IS olSainct
in prices, especially at Pltts-
burg. and Bessemer iron, blllets' mans
and some structural FORMS are quveeS
70 a reduction of 81 per ton Tor me
next year. Coke contracts are peine
made for the first quarter OF 1880 AZ
current rates. The shoe industry con-
Times to do remarkably well for the
season, and the prospect Tor the spIins
business is fairly good, although lIoupIe
about prices occasions some Irlclion.
In textile manufactures there is more
strenoth in print cloths, but other cot
! tons are somewhat irregular and weaker
and the woollen manufacture stu re-
ceiVeS some orders lOI WihtSi $780,
hn+ the demand for spring. is much re-
| tarded by unavoidable delay IN ming
Money commands better rates since
tbs sale of bonds, but there is scafceiy
any Improvement in commercial or INDUS
fdris, demands, and the flow of currency
| hitberward is as large as 1t mas peen
at any time since September. importers
make moderate demands, and the can
from merchants is only Tor immealdee
needs, There is some fear OF nnanclai
legislation this winter; an agreement 70
oct rid of duties on refined sugar rs
Tenorted. and a host of congressman
are insisting Upon monetary reconstruc-
stion of some sort. November payments
through Clearing Houses are out 9a pei
cent. larger than last year, ana zo.s PEI
cent less than in 1892. Treasury recelpts
are small. customs 20 per cent, ana m
ternai revenue nearly 40 per cent. iess
1 than last year, and the deficit LOT Inc
naopth aDpears to be about S9,000, 0Oo.
| The liabilities in failures for the tnlrr
-aak of November were 81, 93l agaansl
% 9s5 6Ts for the same week last year
| tThe decrease was all in manuIacturins
1 Of which liabilities were s9lo,5ze agalhs'
| &. Ss0.027 last year, while Of tradlng con,
Germs liabilities were A.39o,64o agalhs,
a 3S4.649 last year. For three weeks : 81
November liabilities have been se,oso,41
AGAINST S17, 937, Jas last year. Failures DE- odS
%feek have been in the United states ~
| against 21 last year, anu Ill aiou :"
| against 4S last year.