The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-03-16
THE BUSIN ESS OUTLOOK.
From Bradstreet's Estate of Trade

CTOIl bTdQSiEGCt otdiS Va
There are fewer new and favorable trade
features this week than unfavorable ones, put
in most instances they outweigh the latter,
which point to a continuance of small volume
Of business and quiet demand. unfavoraole
weather, which has served to check demand
! so many weeks. continues to make ltsei Leit
! South and in many parts of the West Ihe
coal miners strike and labor difhcultles At
| New Orleans have served TO cut into pusl-
| ness at points dependent upon these centres
| of disturbance. Not the least unfavorable in
| nuence in staple lines has been that OF bad
| roads, the effect of which is plain from NOVA
Scotia to Texas.
In addition to increased competition here by
Australian woods. demand for the raw staple
| has fallen off. and word is received tnat
American dress goods manufacturers are using
| considerable Australian mixed with the Amer
lean staple. The, dry goods trade continues
depressed, production being in excess OF de-
mand. cotton goods being moved generaiiy
Wall street seems to have discounted the
| reduction in the New York Central and st
take a favorable view OF the absence of gold
| shipments, the Improvement IN prices lot
agricultural products. and the disposition 81
both bituminous and anthracite coal INTERESTS
10 come to an agreement. The New YORK
stock market is still of a professional type,
but the large short interest has supplied buy
ing power, and the undertone is strong despite
marked irregularity in the movement OF prices.
Foreign exchange is very, firm at a.soA aor
| demand sterling. The bond syndicate continues
to control the market, and the fear OF goid
exports has decreased. Silver is higher on
expectations of an international monetary con-
Bank clearings throughout the United States,
as telegraphed to .tBradstreet's," amount 70
$500, Oe7, 900 this week. a decrease OF 10 per
cent. from the week before and OF 3 per cent.
contrasted with the second week In Narch,
1894. When compared witn the % nsr nent
and compared with three years ago the weeks
shrinkage is 2s per cent.
On the other hand. prices present the long
est list of increases within a week for many
months. Prominent are the advances IN Bes-
semer pig iron. 10 a l5c., S-lbc. on COTTON,
wheat 2Ssc., Indian corn Nc, oats Sc, PORK
ST. per barrel, lard soc. and sugar 1-iOc,
Higher quotations are also reported for leather
and hides, with demand more active, and the
falling off in stocks of petroleum is made a
basis for higher prices for that staple. Faf
Western markets report an advance OF lec.
on live hogs and considerable increase IN the
price of potatoes. I,
Material Improvement in the iron and steel
industries is indicated by the advance IN
/ Bessemer, by higher prices for manufactured
iron at ST. Louis, large orders placed Tor
| Southern pig iron, and receipt OF orders Tor
considerable lots OF rails a. caica srs Of tins ths
week. but at the South gains are SHOWN IN
sales of leaf tobacco and in demand Tor naval
stores. Among Eastern industries makers OF
shoes report the recent advance tuay Hlain-
tanned.
Quotations are unchanged for wool, tin,
iron ore. coke. lumber, coffee ana i've cattle,
while concessions in prices are runored TO
have been made on coal contracts, and are
apparent for print cloths. steel billets' copper
Exports of wheat, -four included as wheat,
from both coasts. this week, amount to 2,Isl,-
600 bushels. compared with 3,272. 900 bushels
last week. 3. yS, 900 bushels in the week a year
ago, 2,SS6.000 bushels two years ago, and with
1918, 900 bushels in the week three years ago.
The total number of business failures in the
United States this week, as reported to Brad
Streets" is 262. against 2o2 last week, 2l IN
the week a year ago. 81 two years ago, ana
29 three years ago.
From R. G. Dun & Co.'S Weekly Review.
II. N ~ h cfa a Of
business are rather more favorable. Farm pro-
ducts are a little higher, railroad earnings a
shade better, clearinsd house exchanges a
small percentage larger in comparison with
two years ago than in February. and most
of the industries show a somewhat better
front, though their gain is not large. Money
markets continue undisturbed, the operations
of the syndicate still prevent exports OF sold.
and Withdrawals from the Treasury haue OF
enthusiasm about the situation. however,
because. the gain is slow and business is yet
a long way from what was once cohsldereo
a prosperous condition. Further, the gam is
in some cases due to obviously temporary
causes, and in some to causes which do not
make for prosperity.
risen to sos cts. results from belief that the
acreage this year will be greatly reduced. Inc
quantity of American now in sight, IN TINS
country and Europe is about 400 600 bales,
800, 900 larger than in 1892. otter a crop OF
5000, 900 bales, and about as much more
| than half the greatest consumption ever known
of American in a year. Though March receipts
have been $1,000 bales smaller than in that
year, there is nothing as yet to support De
lief that the yield of 1894 will be less than
8, $780, 900 bales. This is 100000 more thar
American cotton than was ever consumed
by the world in a year, and added to I,ooo,oVs
| bales brought over last September, would make
a heavy surplus with which to begin another
year, unless the yield should be reduced about
a third, which none expect. Wheat has riser
Ih cts. because government reported only
Is, coo, 0009 bushels in farmers hands March l.
though practically nobody in the trade thinks
\ tho aStim9tP correct. ana the accEDIGu tSll-
mates are about 60, 900. 900 bushels higher.
Western receipts have again risen above, ano
loss of the cotton and wheat crop, or a srea'
decrease in production. would hardly De an
unmixed blessing siI to the nhs country nork s 81 q n pes
barrel, and hogs 10 and lard 80 cts. pei
100 lbs. ~
with last years than those early in February,
when the storms blocked traffic, but are
per cent. smaller than in 1893. The complete
| earnings for February are IL per cent. less
than last year, and ISL per cent. less thar
in 1893. East bound tonnage for two weeks
has been ia. 1872 tons against 154,sos last year
and 1865. 100 in 1893. The volume of payments
through clearing houses for the week Is o.
per cent. larger than last year. but 26.s pei
cent. less than in 1898. Imports are just nov
running a little smaller than in February
while domestic exports for two weeks IRON
New York show a decrease compared WITT
last year of IL per cent.
The boot and shoe manufacture is really
doing better, not merely in shipments, which
| show the rapid1ty with when past orueT5 ioi
spring trade are being filled, 159, 16 case:
having been moved in two weeks of March
against 1863. 907 in 1893. but also in obtaining
new orders for fall at somewhat better prices
A further advance in some kinds of Leather
has led many jobbers to believe that the high
| er prices asked cannot be escaped by walt
| ing, so that orders taken at some advance
have been more numerous. Most jobbers still
! refuse. but in women's shoes some are pay
ing part of the rise asked, and in boots there
is quite a large volume of business, though
mostly in the cheaper grades. In the cottor
manufacture there are signs of Improvement
apparently caused by the advance in raw cot
ton, giving greater confidence that presen
values for goods will be maintained, SO that tn,
fall in print cloths has been checked, AM
there is more buying of other goods. In tn
finer and fancy wooden goods there IS {
moderate business. while the agents for low
though some already have sold enough fe
the season if no cancellations come. Sales 0
wool were 4,eS3, 200 lbs. against 5,351, 200 las
year, and markets are quiet without change
though it is easier to sell at quotations De
cause prices have advanced abroad.
Money is in better demand, the marke
har6ens as usual before April l, and micl
more commercial paper is offered, thong
partitp<to meet large maturities this month
2 The West is drawing from its balances here
and there have been considerable Gales of STOCK
on foreign account. but not enough to dis
turb an exchange market otherwise stagnant
Liabilities thus far reported in failures fo
the first week of March amount to Sl.6s3,0o.
against So. ZIG. 292 last year. in manufacture
!, s7S5. 1896, against $973,5 $40 last year, and in trad
: inr 1887. G56, against S1,254, 1888 last year. Tb
: s11, 414, s74, against 81, 1876, 670 last year. Fail
l ,,rsa for the week have been 256 in the Unite