The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-03-09
THE BUSINESS OUTLOOK.

| that tlOugn tne rate Vi eAClduSc tioCs
to and even above the shipping point
gold does not. go out, have produced a
much better feeling. Prices do not I'M
gain, but some loss in wages. while
strikes of Ii, 900 coal miners near Pitts
burg and several thousand building work
textile and iron establishments. furthes
But anticipation of improved demand for
needs on the strength Of 1t. Fears O.
financial disorders no longer retard'
though the redemption of notes has aver
b bseo The s-4f fac thai only. $500. 7oss gold has
been exported since February =, against
s2S. 52s. 1856 in january. strengthens the i'm
preston that further exports WIFI some
how be prevented.
The state of foreign trade is not re,
$500, 900 here, but 5 400, 900 at all points
in january, they have decreased about
s.. 100. goo here in reDrua fSyr,tb ano d tns e
points In January. about $500. goo at
York about $500, 600 in February. The
| increase for the year thus far has been
1875 per CENT E u od not ;S nv a goods DDS
showing an increase of 50 per cent, and
| other imports except sugar l2,5 per cent.
AS the excess of imports last year vas
small in March and every other month
until October, the changes threaten TO
create q large balance to be met by ex-
ports Of specie or secur.Hes, put Phi I sxeaggd
! purchases, for the week perhaps 10000
To this in part it is due that railway a.
been weak. and average 70 cents per
share lower. than a week ago, though
Trust aIe s5ia w hiehe are T Eaey B s.tnn orr & ONO
has been especially week. eoafIoa
owing to generalization in that trade
| riers' The suit for foreclosure of Read
ing makes it a more dangerous rival 10
roads having interest to pay, Eatnrngs
and While II per cent. less than last
wear in the second week of FEBRUARY,
were rs per cent. larger IN the Iourtn.
cent. larger than last year as IN Ja snus
ary, but 1914 per cent. less than In 1898.
Increase is reported in higher class WesI
bound tonnage. but chicago East pc 199 as
against 222,5 7S in 1894, and So2, 253 in 1893.
Cotton has risen o~ne-Quarter from tne
have been i0l. 629 bales against 53,452 last
YEAR for the week. The rise is due 70
the belief that acreage Will De reduced
as to make a sustained advance difficult.
Wheat has risen three-eighths OF a cent
because of rumored injury to crowns
Grain in some States. receipts Tor the
Week are nearly as large As last year,
but in February 1910, AS bushels against
T.OT5, 900 ,ast ear, with Atlantic eXpofts
2'S82.578 against 3,i20. $50 last year. stocks
in sishssara enormous, and Western ac-
counIs make the stock of wheat IN laf,
mers' hands very. large. Corn has decilneaq
last Years. with exports Insignificant.
Pork, lard and hogs are a shade higher,
and beef has advanced to the highest
point since July.
Three causes help the iron industry Fer
the time, expectation of another great
strike at coke works, reports that Bess-
emer lake ore will advance, ana q moder-
ate increase in demand for products.
in manufacturing. against Sslos.s $40 lasa
Pittsburg companies, said to aggregate
125.o@ tons on ors pro and the 1ne OUTPUT anal OF coke,
over 150, 900 tons, and shipments larger
than ever seem to prepare for a strike.
The increase in demand is on the whole
small, much of it due to new building
through the country, and some to better
orders for sheets and wire nails, while
wire rods and plates are in falr demand,
but prices have not advanced.
Strikes to resist reduction of wages in
several textile works, and reductions ef-,
tradict the account that the mills are re-
ceiving somewhat better orders. Prices
of goods are very low. and print cloths
record. The rise in cotton helps the
goods market this week. but is not guar
anteed to last. In wooden goods the in.
over, with fairly good business in some
lines, but only moderate in others. Whiie
continued and numerous cancellations in
low grade and medium goods give makers
much embarrassment. But sales of wool
have been 1858, 300fbs., almost half foreign,
against $50, 300 last year, only a quarter
foreign. The market for boots ana SHOES
is still unsatisfactory. Exchanges through
clearing houses are 10 per cent. larger
thar last year, but 22.6 per cent smaller
tina in 1899, which for the first week Of a
month shows little gain. Money markets
nave hardened somewhat, and rather
more commercial paper is otfered, es-
pecially in dry goods. Liabilities OF faida
against ST., So, $40 last year, $3.6l9.1 S2 being
in manufacturing, against $,1O9,9S5 last
year, and s6,s24, 692 in trading, against
IS, 900, POT last year. Failures for the week
nave been 234 in the United States against
24S last year, and So in Canada against
so last year.
From Bradstreet's state of Trade"
The general business situation shows
more improvement. From several cen
tiers this is declared due in part to the
adjournment of Congress. and to some
extent to better weather. Gains are
shown in improved demands for lumber
and other building materials and receipt
steel, together with the absorption. CT
available stocks of Bresssmer pig iron.
In the South. Augusta cotton factories
many for future delivery and In almost
all directions. jobbers report increased
sales of staple dry goods. hats shoes,
cIAltl % ~ -"
wooden goods continue to attract the
special attention heretofore reported. and
are competing successfully with CORES
bonding American grades. LOndon wool
sales report a moderately higher and
stronger
Speculation in New York stock market
is on a limited scale and attracts none
but professional participants. The
strength of foreign exchange and the fear
of gold shipments create timidity. IN
spite of the ability shown thus far by
the bond syndicate to prevent them.
London showed a little interest, but is
discouraged by the apathy here and
rumors of reductions of dividends. In
timations of the latter class account for
timore n Ohio. The coal road rate
troubles affect the anthracite stocks.
The declaration of full dividends by the
Sugar Company caused a movement or
shorts to cover that stock. Bonds are
neglected. Silver holds firm. Foreign
exchange is a shade weaker than. ASS
for demand sterling. The bond syndicate
which might be shippers of gold.
The increased. activity is reflected in
the total of bank exchanges for the past
SIX business days. s1.002. 000. 900, an in
crease of 80 per cent. over the total In
the preceding week. which contained one
holiday. and a gain compared with the
corresponding week in 1894 of Z per cent.
though as contrasted with clearings in
the first week in March. 1888. the shrink
age this week amounts to 81 per cent.
and compared with 1892 the reduction this
week is 20 per cent.
The tendency of prices remains as here
tofore, an advance being reported in
| shoes. which has checked the volume of
business for fall delivery. The continu-