The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-07-06
THE BUSINESS OUTLOOK.
From r. G. Dun & Co.'S Weekly
RavinM.n -

s16S. 1854. IA IN 1893. Comparison by
quarters for twenty, years shows that
average of sl3.S43 for the second quarter
IN previous prosperous years. was $St3 g
Tor every firm in business, against $2L7s
Tor the second quarter of previous pros
porous years, and that the ratio of de-
faults as to- payments through clearing !
for the second quarter of previous pros
porous years. In times of disaster, SSH
p 9sp,t aaar lda n,i has been the srn average Of ae-
and s7.36 per 81 1000 solvent payments.
Manufacturing failures for the half year
i hsbf 5ss'a SO os 81. sss a a;ssii last s4l. yss .foa a Iast
half Of 1892. trading failures for the
s year. year and T %isasai StSss s Sc sss' Sac ''4 esal last
$50. S45 sTS last year, and about SCI. 900, 900
in 1892. Misunderstanding failures were N
recurring :. concerns ser against IL last year,
such concern against Sill. last year.
Of ali FIRMS in business, against "a last
| year, with liabilities averaging only 81
for every such concern In business,
ures, not Included In above statements,
against ss last year; with liabilities Of
In every class of failures in the second,
| compared with the first quarter of 1896,
both in number and magnisusss g. ana a de,
$40 for every firm in business: n SS.W
against s4.os for every $1,000 solvent pay
ments.
| mercial centres, are of especial interest,
| covering the question on which the fu-
ture of business depends. They INDICATE
| other official or commercial accounts,
a marked increase. in retail distrioutlon
of products. an active demand for goods,
and a general enlargement of the work
ing force. with some advance IN the
wages of more than half a million
hands. At the same tsne they show
that the rapid advance In prices mas
somewhat checked buying of a few
the country, the outlook for fall trade
Nothing disturbs the money market;
the goyernment heg;ns the new yed n ec;d
$50, G00,0 900 by corporations In interest ana
dividends will stimulate bushes IN many
branches, the latest agreemens Q, RAJ
meaning more. than usual, ana SNIP
ments have increased amounting for
four wes saa 400 to ;, a % Year tons aaa e sss' 1fs n
1893. Earnings Of railroads in June thus
far reported, amount to s2s, $50 $40 in the
United 2 +s state sast an near are But sg Is pee Der cent.
less than in 1893. The payments through
c%learsng houses for the first week o,
i.If h haxs 9 thoue 2s,S IS pfr per san. cent? Iasss Smaller safa
than in the same week of 1892, june
payments average larger tia In 1889,
a she Ras sie.o ye 90 II daily iyef less sef h IN : May,
and about ST., 900, 900 daily, or 6.S per cent
less than In June, 1885,.
The advance in iron continues, and the
Thomas Company has raised anthracite
No. 1 another 81 per ton. Comparison OF
prices for various iron products SHOWS an
a @aS1,ssv ra fuT the sr0 Wire e2G na nis s 70 ii p per
e for anthracite pig, and In all kinds
averaging % per cent. The demand Y
While the first order of shipment of steel
billets to Europe, given some time g
when prices were iow, Is oelag an
f n9aaessiaa, in th xpr nri to sa aess or mas abo aav s. per
e The Shipment of boots and shoes
continue the largest ever known LOT lns
season in number OF cases nul e feth bv
the advance in prices. which; tables else
where show, has averaged 2y4s per cenl.
since January l. But leather hass al
cent. during the same time.
Wool is stronger, both here and abroad,
, saens Lon nd;oas. sa and t fgen aRgraS guy for 81 81
qualities of domestic wool, quoted py
Coates Brothers. has risen nearly nan
enormous. though largely speculative,
but exceeding those, OF May ana June m
any previous year. being 26.s9 6lS do 90 s
domestic Isl and s.si5,i 5o foreign in 1892.
There is a growing recorder demand for
heavy weight woolens,. and many new
kinds of light weights have been opened
lower and others higher than last year;
But the manufacture IS better sustained
IS li1 Very hopeful. especially as labor troub-
les have substantially ended, Prices OF
cotton goods also continue to advance,
and the mills are generally Wei en-
Speculation has advanced cotton three
sixteenths. though the crop news Is IA
vorable, but has dspressed ana Wa tha v iT9
has been materially reduced since June
]. Every year the crop reports are nav nav
ing less influence and the Ha TINS nnser Is NIP rape
estimates. which the Department pro
poses. The year closes with more than
S,soe, 600 20 bales ssro amef gGa w dGSt0 At d least g.
900. 5000 bushels surplus wheat, aithough
some make the quantity 300 900 bushels
larger. The crop Of oats Is fo cert ann 20 be pc
greatly improved for the past few weeks.
fFrom Bradstreet's state Of Trade.")
Notwithstanding the week is broken
bv a holiday, favorable trade conditions
heretofore reported continue to exercise
a pronounced influence, prominently gen,
eral advance in prizes OF Staples aha
extent of the voluntary advances IN
wages reported within a month or Two
has outgrown the resources of voluntary
statistical bureau which. have en-
6eavored to keep tracf of them latest
adviees being that more than i.qb0,00O
Industrial workers have received an al
vance averaging about 10 Der cent. The
upward tendency in prices, while not
as marked as a month ago, is still strik-
ing because of additional advances. those
OF lumber. lin plate AID print cloths be-
ing new.
yival among the iron and steel. Indus
tries has stimulated trade in almost all
lines. AT the West the most favorable
condition of business is reported from st.
Louis. and the il 9entivn appears t. be
uniform reports of favorable crop pros
peets throughout the region tributary
tothat city. No material Improvements
is reported from the South, rains con-
tinuing to be damaging to agriculturai
interests and to check business In Texas,
while at South Atlantic and Gulf State
cities the quiet movement of staple
goods and fair or unsatisfactory collec- |
lions of the past month or two continue.
But adyices from nearly all cities. re-
norted appear to agree that wholesale
encouraged as to the outlook for bust
ness during the autumn. believing that
the demand will be greatly stimulated
nv the very general, and as it is now
believed, permanent Improvement in
Though continued dullness in the spec
uiative stock market has given .oppor-
tnndtv for further manipulation, directed
principally against the industrial shares.
fhe undertone has continued strong. and
Ike Increased short interest is inclined
10 cover. This gave a strong tendency