The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-05-11
THE BUSINESS OUTLOOK.

The present week brings distinct and,
In some instances. even more pronounced
evidences of Improvement in business.
Notwithstanding the increase OF the wave
of industrial discontent and strikes Tor
higher wages. always the ccompani
Totals of bank clearings in preceding
weeks had suggested further improve
diees. This Weeks total is LIZ. 900, 900.
about 8 per cent. more than last weeks
exceptionally large total. and fully Is
of May. 1894. although 16 per cent. small
er than, in the like week. of 1893. when
much of the excess was due to the dis
As compared with the Ike week in May:
1892, this weeks clearings total has no.
been exceeded since the week ending
Other h this one finds the move,
ment Of prices OF staples on ~proaaenea
demand and a more buoyant feeling.
of shoes are following, GALVANIZED lron
and wire nails are higher, as is Besse-
cloths i.16c.. and wheat hour 15c. IN
addition, prices nave remained firm for
lumber. tin and cotton, and while no
billets. live cattle and rice this week.
the tendency in each instance is upward.
The heavy drop in wheat prices early
from showing a net advance, notwitn-
standing the sharp upward turn In, the
past few days. Large receipts OF hogs
nave put prices down &C., and lard and
pork have followed. oats are also low
er than a week age.
Railroad gross earnings for April show
months. Advices from liz roads for
April point to an increase Of ~ per
cent. over the same month In 1881. winch.
however, showed a decrease of IA per
cent. below 1893. For four months end
ing with April the gain Is only one
h half ma Of H. I per tbe e eoaI r dnaf p tae grangerg
Smaller rate. The significant feature Of
IL tie n Apri cents report over lie issa IN as she eog gara %
with decreases for January and Febrn-
airy, and an increase in March in 1888
oyer Ton tfof 81 G heavy purchases Of stocks
and bonds has developed an active, ex-
cited and rising stock market here. The
creased outside buii interest in specula-
ton, checks reactions, and has put stock
prices to a higher Level after any slight
them making the best prices of the
year. Wall street is inclined to think
t.nue for a long time. An Influence OF
Importance is the break. in foreign ex-
change: The rate sss for dsman aaas ste a +
ings Of bills created by London's buy
ing of stseks and the sale by b banker
Exports of wheat and wheat -four from
the United States, both coasts, and from
S @o 90 bush SaYuf this is w week. asainst 2,5s5, 900
bushels last week, 2,s15, GOO co. bushels in the the
week a yeaar 60, age goS S,7l2e9e p us 5soe aw "
l,o41 900 bushels in the III week n 1891;
Bank ~clearings a week ago indicated
that the iii tide tS Of trade wsss. at t the somtn c was
| firm it. The South sends to Brad
streets" more encouraging. reports. than
nnDa a for fors either dry goods plantation sup,
plies. or in collections (Which is most
Significantly is by two-thlrds
next weeks carnival to stimulate de-
mand. and Augusta states factors are
sSking f4r a Les Mse mGady t charle e. year c ssf.
tanooga. Atlanta have experienced a bet
ter demand, but at Birmingham. New
| quiet or unchanged.
A the West previous gains are main,
tanned. and confidence in an enia I T
| centres as Cleveland, Cincinnati, Louis
| vile, Detroit and Milwaukee there are no
m mouis w SoIagYs' dealers report a Volume
Of business larger than last week and
| than in the week a year ago: The iron
| are checked by Industrial troubles. out
at the latter the restarting, of manufac,
f@turing concerns h has greatly tSs s;t,s ssim namedi
| together with Kansas. City. Dss Moines
ana Omaha, report that excellent crop
on trade with Wholesale dealers in staples,
| and st. Paul, Minneapolis and Sioux
| Falls merchants tell a. similar story.
| York, Boston and Providence report rela-
| lively the most strength in merchandise
and manufacturing ines with " 1T the out
| Buffalo, Pittsburg. and Philadelphia. an
| nounce no material changes, the business
Volume Of trade. At Baltimore the vol
| ume of trade Is smaller, owing TO spring
trade ha Vi Eel snd LED; o TTayelie Slow WIZ eol ne@
Larger Pacific Coast cities continue to
report heavy wheat exports; an rr,s 9ptl eoE
| higher ocean grain freights. Better mer-
| Camille collections are also noticeable.
ae dHtsHn a f04 fhs a advan nss ib buyers 6sve
| supplied themselves at lower hgures. Pop
rlar lines nsss Of print ar ars are r Waafens for acfi faii
e moderate. WOODEN machinery is fairly
faqa1{Sr being Wo above IS a Views p IF ma a sas
turers. and stocks at Eastern markets
being in light supply. The clip IS late.
this week number 1876, against 20s last
week, 1888 in the week a yea ago. 2fs
two years ago and 1874 in 1877
| From R. G. Dun Cos weekly Re
view.")
The event of the week is the gdemorali-
1 sHQf10n y u t. I6l - fr(DA W ~
enormous sales Of bonds, abroad Be-
sides a sale Of $10,000,6oo Manhattan and
other railroad bonds through. the syndl.
| cate. large purchases on foreign account
have. been recorded for some weeks. 50
I thar the aggregate probably exceeds $780,
| fO0 900 since the sale of governments.
| Safety for the summer means much for
/ ali business, and the syndicate deems
II SO fully assured that 1T distributes
90 per cent. of the money. by
| the associates, which relieves a large
AMOUNT to stimulate operations in se-
~curities and products. Crop prospects
also have greatly improved, and this is
of still higher Importance, as It VIII az
m,Itsfi to determine the character and
Volume of all business after summer
nncertainties are e.ver. In addition bust
ness is reviving, Though the gain in great
industries is retarded by many strikes.
The volume of business represented by
exchanges for the first full week OF May
kand only 17.2 per cent. less than in 1898.
hit bond and speculative operations
have So swelled transactions here that
The gain of IA per cent. over last year
outside New York is for the. a
Closer Indication of general business.
Pailroad earnings are also better. for
the last week of April exceeding last
vaar,s by s10.s per cent. and the loss for
line month compared with 1893 is only
Kill per cent
dving out to blaze up fercely. Stocks
roads. and 81 cents for Trusts. and as
easier money and safety for the sum
roar seem assured. with ground to hoDe
for rood crops and larger. earnings, the