The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-02-02

ported was 2,4S3.000 bushels, as COM
pared with 2,S40.000 the week before. p
bushels two years ago, and $4,000 in
the corresponding week of 1892.
In textiles there is little change or
prospect of early Improvement. General
lines of fancy printed fabrics are going
from jobbers' hands fairly we'll, and print
cloths are a shade better than a week
ago. Foreign WOODEN dress goods are
reported active. and as having secured
the bulk of the orders placed at eastern
! centres thus far. The outlook for Amer
lean, mills engaged on WOODEN dress
goods is regarded less favorably, al
though manufacturers of mems wear
woolens are busy.
Every Eastern city reporting specifics a
moderate volume of business, or that
trade is quiet with a hand-to-mouth de-
mand, a partial exception being Buffalo,
where cold weather has stimulated sales
OF coal and other s~easonable goods, al
though general merchandise is moving
slowly.
From R. G. Dun & Co.'S Weekly Review.
Things look better near the close this
week. because it is believed that q new
loan vii be negotiated There was need
for relief, since January closed with the
heaviest withdrawals of gold ever made
in any month. and the heaviest with
drawals of gold from the Treasury, S43,-
6S,1OS, the hope of a new loan being the
one thing which has lifted prices during
the past few days. January leaves be-
hind it the lowest average of prices for
all commodities ever known; for cotton,
iron and its products. wool and, silver,
the oweSt monthly average ever known;
and for wheat a range above the mimi
mum, but yet declining rapidly toward
not materially diminished, though it has
been a disappointing month because the
general revival expected has not come.
The large receipts on wooden goods
withdrawn from warehouse under new
duties early in the month, about S.
coo, coo, raised the total customs receipts
receipts of al kinds to $27, SO4, 3s9, leaving
still a deficit of $5,6S1, 921. Withdrawals
of gold in the past two weeks have been
$2S, 600. 900, and the exports $25. 314, 4S4 for
the month: and the month closes with the
gold reserve reduced to about $42, 000. 900.
which is smaller thar at any time since
mer of 1877. The hope that gold bonds
could be authorized was ended. by action
in the Senate, but at the close there
would be largely taken abroad, thus
offering better promise for a new issue.
Price of railroad stock, after falling 81
and prices of Trust stocks, declined "a
cts. Earnings gave some encouragement
being 6 per cent larger for January than
last year, and 1874 per cent. smaller than
for the same roads in 1898, but East
bound tonnage from Chicago for four
weeks was only l73,o4 against 592, 922 tons
last year and 319,272 tons in the same
week of 1898.
No real change of consequence in do
mestic transactions. although owing 70
banks in adjusting a Brooklyn ware
house combination, exchanges for the
year, but 800 per cent. smaller than in
1898. For the month, in spite of this eX-
ceptional operation, the daily average is
but S.3 per cent. larger than last year
| and 29.7 per cent. smaller, than in 1888.
Prices of commodities reached their low
est average thus far January 26. though
only a shade lower than Dec. &c. The
continuing drift of money to New York
shows scanty commercial demand in the
Interior. and no improvement appears
business is still waiting, and finds reason
for hesitation in the condition of the
Speculation has not favored producers.
Wheat is half a cen lower, but Western
receipts were only 1,226,O12 bushels,
| against 1,579.217 last year, and, with ex-
helped prices, had not the visible stocks
| been so large. Corn is 2 cents lower,
with receipts about half and exports not
| one-eighth of last years. Cotton declined
a. Sixteenth, and is close to the lowest
| point ever touched, with an average of
only 5.70h cents for January, against
5.74 in December and S.07 in January of
last year. The movement continues
| large. and the maximum crop estimates
| are encouraged, but there is not a little
hope that decrease of acreage this year
by concerted action may help the plan
| tiers. Neither here nor abroad does the
manufacture promise nearly the maxi.
mum output or consumption. Silver has
| been weak, and for the month has made
| slightly the lowest average ever known,
| the output in 1894 being reckoned by
| Wells, Fargo & Co. at $28, 721 OLA, or 49,
| 5S3, Oil ounces The decrease was II per
! cent, while the increase in gold was
So per cent.
Iron and steel look less encouraging
at the East. and the demand is disap-
pointing, although prices are not weak
| er. AT Pittsburg and the West a larger
| demand appears, particularly for wire
and wire nails. which do not change
in price as yet. while Bessemer iron is
Is cents higher, billets a little stronger,
Structural demand is good, but prices
are a shade lower, and while the market
| for bar has been unusually good, prices
| do not lift. Considerable contracts for
cast pipe have been taken or are pend
ing, but in the aggregate the new bust
ness since January l has not answered
expectations. Shipments of boots and
shoes for the month from Boston have
been 1886 cases, against 304,1 1877 two
years ago, but the situation is still dis
| c~ouraging, as orders received at advanced
prices are SO scanty that many shops are
| expected to shut down soon. For goods
| which have not been in price
orders are moderate and Will occupy
\ works some weeks, but are yet smaller
than usual.
Textile manufactures cannot score i'm
provement for the week, for though print
| cloths have advanced a shade, the de-
mand for other cotton goods is only
moderate, and prices are unusually, r
regular. The opening of mems woolens
has continued with even more general
declaration Of belief by domestic manu-
features that they can sustain themselves
in medium grades and in worsteds, but
in the finer grades much hesitation APP
pears, and in the lower grades the ex-
treme1y low prices made by foreign
dealers seem to threaten the manufac-
turer. Wool IS so low, that large sales for
possible future use continue, and the
weeks has been %, 1916 Tbs. agains!
25.727, $50 two years ago.
Failures during the month of January
have been much less important than
were unprecedented, and aggregate la.
against $9,124,562 last year, and IS. 165. 267
1888 being of manufacturing concerns
against SOS. 81, $40 last eyar, only 2.479.
being of trading concerns, against $14,
75S, 263 last year. The very heavy decrease
particularly in manufacturing failures
win attract attention. Failures for .tht
past week have been 1854 in the United
States against $40 last year, and 81 il
Canada against So last year.
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