The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-12-21
THE BUSINESS OUTLOOK.
Trom r. G. Dun 8 Co.'S Weekly Re

,,ioU,
The strong Americanism of the Presi-
dents message has given its character
to the week. Popular feeling was pre-
foundry moved. but excepting in stock
and cotton markets. business was re-
mnarkably dun ana sea- Seafes sbroad aT Was i
natural first impulse, though the sellers
are not unlikely in time to discover that
no ether sa see sa,des,a are s fsan tie Anieri-
can. About $4,000 shares were sold on Dal-
ance. making with. bonds an aggregase
market value OF about 81. goo. cotton
mas declined a quarter. and wheat ABOUT
two eents. The markets in this country
do not act upon the theory mat any IN
terruption of foreign relations IS TO pc
expected, and European sellers OF Sc
~curfhies apparently sought to insure
t thsmsel misbt ag bagsl t appre asaInsr appra-
tensions Of their owl. Coming at q time
when nearly all produce markess are IN
active and industries unusually dull. the
disturbance has affected values MUCH less
than might a been expected. Never
theless exchange rises ana as large eA-
prior to the Presidents message. It IS
not surprising that the outgo has been
sve 2 larger Sdg sxa amoanfif ag a lSg ths s.. So $685. GO.
1t is notS unlikely that some may also
go next week. -
but solely because of influences. which
have been in continuous, operation Ior
months. prices of manufactured goods
change in boots and shoes, and in some
branches the demand appears a little
better : 4 asf.t though shd Isaa iSbbe low to look RTiff for
prices still lower; Shipments from the
East are an eighth smaller thar last
mm eesih p to date pef Leather leaaai ra' sstiil declines.
averaging 2 per cent. lower for the week,
though hides at Chicago are scarce and
s sna t itssI week sSys a fsi'e are a9 now ! per cent;
below their ma maxi I'm; S SsnSs of f III he'd
nroducts having yielded more or less.
Purchases by the great steel companies,
Of Their actual consumption, and it is be
iieved that some ~urnaces will have TO
suspend production. as the demand for
yeapoa at s.ss7.sss tons By the Plttsbnrg
m nAmsSie ara wea Manu copper being of Mslei
at 10 cents net: the American production
in November was 6 1880 tons. and the fogo
eign TIPS tons. Lead is weak at $50
There is no change of Importance in
not active enough to prevent some ac-
cunulation. Print, cloths are a SHADE
weaker. The market for, wooden goods
Clay mixtures and a few fancy cassi-
meres selling at better than last years
prices, and clothiers are not in haste to
contract largely, owing to uncertainty as
to foreign prices. New orders for the
heavy weight goods are more delayed
h a usual and remarkably small. Sale E
needs of manufacturers, Who are Duy-
ing but little ahead. and for three weeks
Of D DS,ep ssod ha iOc b Sssg Il fo ;raY; Soo pesnasi
Il. 1904, 100 in the same weeks of 1892, of
which 4~.1O4;5Oo, were foreign. The i'm
@arge. though smaller than a month ago.
It sounds strange to hear the many
complaints of slow collections and scar.
Of he tardy movement of products from
the farms, when Western wheat recelpts
in three weeks Sc h g, been s,sl5 n ,l9s bush 81
5.s1sl ss7 e aggainst Gay 100 enf iasf Year r'e Grain
is so slow that a free movement cannot
be expected, and yet the receipts are SO
large that the crop remaining behind
must exceed ordinary estimates. me
f moglyn small' but estimates Of consumption
| here and abroad begin to take the place
in a measure of estimates of yield. as
markets wa for a g sSsde a IF a gensras'si in oa the
| price until foreign questions disturbed the
| market, but 1T closed with a quartet de-
The Stock market went all to pieces
lower than, a week & fer raiiroads, ana
| alone the four more prominent railroad
stocks fell an average of S5.62 per
share. and the five more prominent
| selling being Of Securities largely held
abroad. The Reading reorganization plan
be been snaa a~nti eamsea b. but b naSnrall fbegn ays
the hope that the anthracite business
! would be placed on a solid foundation
cent cen larger than last. year, the second
week looking better than the f igss but
The volume of foreign trade Is larger,
| domestic exports gaining. II per cent. fer
69e D peak; Sna Y Wh Pae emp imports r45 her here. ga1n
| "a per cent. for the week. but only 1873
| per cent for two. weeks. The payments
d {afgee chan 6 a0m last : ye snad but II Tor the he wesks
"a per sv ss : lf rs t bepem IL ls's Is a rs fss
e csmt. s nssTars than in 49,. Failures for
two weeks Of Deeems e sTo q, Iiabi ldsr
Of 81 g II Sle az 81 lass sf for the % Same anne ~ weeks ks of s 1888.
against 1861 last year. and s.. II 4st
in 1898. while $4,275. 637 were trading
against s4.O71. 529 last year, and s.. 3e1, 7s4
lin 1888. Failures for the week have been
| SIT in the United States. against S49 last
ysar, -
Tram Bradstreet's "State of Trade.")
The general business situation has been
affected by the precipitation. of possible
Complications with Great Britain; First
Of cotton and of wheat, the influence of
which ramify among business houses in
many different lines. The serious, nature
Eof the Presidents statement of the case
had the effect here and in London of
causing free selling OF securities even in
sight of the fact thai expectation Of war
is slight. THE most unfavorable feature
iS and il likely to be, continued negotia-
lions and the uncertainty which must
exist until the incident is concluded.
o,,,dtv values has followed the Presidents
Vanezlela message and its reception in
Europe. The London market has been
81 less disturbed thar our own, and the
foreign selling of our securities was on
an enormous scale. On Friday the stock
market approached q panicky. condition,
Hon for a time. followed, however, by q
ra1lv. Gold shipments for tho week are
ss.56o. 0oo, of which So, 800, COO go to Lon
1on today. The Treasury gold reserve is
below 10000, 900. Foreign exchange is VI
ii 4 Sala FOR demand sterling. and bank