The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-11-09
Highest Of all in Leavening Power-Latest y. s. Govt Report
RM!Aall! k RsMdsgs
ABSOLUTELY PURE

greatly Increased railway earnings, heaviest
iron and steel production on record, wide
spread advances of wages, aud prices Tor
cotton gal cotton goods promising pros
perity during the coming season, that tnose
should look who ave felt only dlsappoint-
ment in the falling away OF demand since
September.
ME increased bank clear;ngs' total this
week compared with last, when a decrease
had been recorded for several weeks, Is note
worthy, particularly in the face OF smaller
bank clearings' totals this week and last from
Boston. Baltimore and Omaha. The more
conspicuous increases are at New York ~
per cent, Philadelphia 30 per cent, Buffalo
26 per cent. Chicago IL per cent, st. Louis
81 per cent, Pittsburg 10 per cent. Minnea
polls 81 per cent. and Providence rs per cent.
Business failures throughout the United
States this week reported to Bradstreet's ag-
gregate $50, against 299 last week. In the
week one year ago there were PAL, and two
years ago 1888.
Liquidation in the New York stock mar
ket seems to be completed, and speculation
would carry prices to a higher level but for
the pressure of foreign sales. The London
and Paris markets are, however, weak on
continued fears of trouble in the East, and
the sales for foreign account are a dead
weight on our own speculation. Foreign
exchange is very strong at 4.S9 to 4.S9A, and
gold shipments, checked for the present by
the lack of demand, are considered likely to
occur mex week.
(From R. G. Dun & Co.'S weekly Re-
yiew."o
1t has been a broken week, and just before
and after elections in the most important
States operations rarely have much slgnlt-
canoe. Business may be largely affected in
time, but as yet there is scarcely any indica-
ton what the effect will be. Stocks and
products are weaker, and there is some de-
crease in the number of establishments at
work, both for reasons having nothing to do
with questionsof government. The approach
of a session OF Congress commonly lowers
prices of some Trust stocks, and no one now
expects either monetary legislation or an
issue of bonds to nfiat prices. The controll-
ing power at present is the effort to readjust
prices after the remarkable rise of last sum-
mer in important materials and products,
with the struggle of great combinations to
prevent decline.
The purchase of competing interests now
gives the H. C. Prick Company ownership
Of II, 6S6 out Of II, 1874 coke ovens in the Con-
nellsville region, and practical control of
more than t~hree-quarters, and an advance
in the price of coke to 81 is expected, as the
Carnegie Company has been buying up sup
plies at low prices for months in advance.
Yet the price of Bessemer pig is lower, $14.7 70
at Pittsburg, and billets are lower because
there is scarcely any demand for rails at the
combination price; structural contracts are
now few, and the demand for wire and wire
nails has been curtailed by the Nail Trusts
advance of prices 176 per cent, in four
months. Large Western and Eastern orders
for cars help the demand for bar, but finished
products are quite generally sold below
quotations, which are now lower than they
were two months ago.
Stocks nave declined an average of $1.46
for railroads and Sill for trusts during the
week, with an obvious cause in fears of gold
exports and serious financial anxieties
abroad, especially at Paris. A coming Con
gress and present tangible competition af-
feet sugar, leather and tobacco. Railroad
earnings reported to Dun's Review for DC,
tober are for the United States alone $780,
7O5, 654, or SIS per cent. over last years, but,
in spite of larger mileage, IA per cent. less
tnan il 1892 on the same roads, and the com
parison for the third and fourth week was
less favorable. Westward tonnage is heavy,
and eastward from Chicagoin five weeks has
been 419,630 tons against 366, 533 last year.
Domestic trade is not accurately represented
by clearing house exchanges for a broken
week, but are 20.4 per cent. larger than last
year. though So per cent. less than in 1882.
Foreign trade shows for the week a decrease
of & per cent. in exports compared with last
year, but an increase of II per cent. in i'm
ports,