The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-07-20
HI BUSINESS OUTLOOK.

THE BUSINESS OUTLOOK.
From Bradstreet's estate of Trade"
All the previously reported favorable
industrial and commercial features are
continued this week. the endurance of
the revival in demand for iron and steel,
the further advances in prices of the
same, and additional increases of wages
of industrial employees, being the most
significant.
In the New York Stock Market dizziness
and bearish manipulation do not obscure
an underlying tone of strength. due to
the favorable crop outlook and the over
selling of stocks by the operators who
latter group shows signs of rallying on
the short interest. The condition of for
eign exchange and the fear Of gold ship,
ments, however, check foreisn END ara
house ships 81, 0oO,O 600 gold to London to-
day rather than pay the syndicate rate,
ton and grain bills for future delivery
are coming on the market, however, and
it is thought that the period Of high fig
ures is drawing to a close. There are
N214 business failures in the United States
this week. Last week the total was 266,
one year g it was 212. and two years
ago it was 527.
vailing midsummer. quiet in some lines
of general credit. the volume of general
business throughout the country is large
w III 6ActSS XII tIdt " yedI dEO.
Bank ~clearings totals recede a little
from last weeks extraordinarily large ag-
gregate, the AMOUNT being 81, o2s, 900, 900
from last week, but an increase of 25 per
cent. over the total in the like week in
1894. 5.4 per cent. larger, than in the third
smaller than in the like period Of 1892.
But the record of prices is of greater
firmness than even that shown by clear
ings, the only decreases of importance
and lard, while previous advances are
firmly maintained by closing quotations
for hides, leather; iron, steel rails, print
and live stock. Evidence of the .continu-
ance of the activity recently shown IN
production n consumption is afforded in
higher prices this week for Bessemer pig
iron, steel billets. bar. iron. copper, petro-
leum. paper, some building materials j,
and for oats.
Merchants at almost all larger cities
are preparing to send out travellers, and
until they begin to exhibit results no ex-
act estimate of how fall trade will opel
lock is regarded as highly favorable. At
Boston. Philadelphia and Baltimore,
among eastern cities, noteworthy gains
in sales of staples are announced.
From R G. Dun & Co.'S weekly
Review"
The weeks news is not entirely encour-
| aging. but is all the more natural because
there are signs of midsummer dizziness.
Wheat prospects are not quite so good as
last week. but still there are lower prices,
as corn and cotton nav 1aayye pc peep Ias loW Ss1er.
able Treasury returns for July are not
unexpected and mean nothing as to com
Ing hago b eu 81 fbs de Thene f ts t RhreG most man as-
featured products, and the actual dis
tribution to consumers naturally lessons
in midsummer. Much of the recent BUY
ing was to anticipate a rise IN prices, and
such purchases fall off when prices have
risen. There are still numerous advances
in wages, but strikes are more numer-
business was unusually large in the first
half of July, a quiet tone meets reason
able expectations; -,
when crops are beginning to move, #
NOT meant to affect stocks, can at All
events. haye only a 4sRP eenbla lnge slga and
while there is much more activity IN
Commercial loans. it is not what would
appear if all industries wer2 fully m
nigyed. The volume of exchanges con-
tiai1es nearly as large as in 1882. because
of the delay in spring operations, and
though rapidly shrinking to summer pro-
Gear. Comparisons Of railroad earnings
with last year. when the blockade re-
duced Chicago shipments to 4,l32 tons,
or with 1898, when the panic was al US
be;el1t. have no significance, but the de-
crease compared with 1892, for July, thus
far. is but al per cent. with lower
The future turns OF crops, and the
markets reflect a prevailing belief that
the crops are to be fair; Stocks carried
o OF cotton Il Sa and 49, 40, yoo @ bushels Of wheat
would met all needs. but lower prices
~prophesy larger yields, and of corn prob
declined two cents for September, corn
one and a half cent, and cotton an eighth
for spot. Western receipts Of wheat
ment at prices, while exports for the
week about a quarter of last years, and
for three weeks only 2S2s; 92S bushels
show that foreign dealers are not re-
earding the situation with anxiety. Nor
do British accounts indicate any anxiety
about cotton, while efforts are reported
nv some American mills to sell part OF
fHe large stocks taken some months ago,
apparently exceeding their needs for the
these are cheering indications, for it Is
better to have fair crops than to get
higher prices for what remains.
70 some extent industries are await
ing the crop outcome, as usual in July.
hit reports of more works going. into
operation express faith in the fall de-
heavy purchases of the past two months
was inevitable. Orders nave so accumu-
| lated in iron products that some works
forego the usual summer rest, and East,
ern furnaces soon to begin blast will
| add about 5000 tons weekly to the pro-
duction. Yet the week has been in new
business the QultCSl clhCS tAC IS a
| prices began, as many hesitate to buy
| after so great an advance; Minor met.
ais are tronger with sales Of 4,O0o, oo0
lbs. copper up to Il cts; for Lake, and
lin very firm in spite of a large visible
Wool advanced in the first half of July
an average of one cent for 104 clotations
Of domestic by Coates Brothers of .PhiM-
delphia. and is now 7 per cent. higher
than a y s RI ago Sales paturally lesgnnt
an average of oyer 10, 10000 lbs. for
nv prices are sustained by Ger
man and FRENCH buying IN the
s1,r1ort the advance, and are huving en-
II for in5mediase needs needs but d. holders ssv who
times the quantity consumed are stiff.
The opening OF light weight woolens
|mand and slightly lower spr.ces appear
but highly encouraging as to -worsteds,
In which there are numerous advances.
ANDREW JACKSON POST JR- IN
TOWN,