The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-12-28
THE BUSINESS OUTLOOK.
Trorn Bra

Trom Bradstreets Estate of Trade.)
AS is the rule. in Christmas week.
wholesale trade has been quiet. The
ssaKing tend to make business slow.
and promise only a light trade until late
in January. At various CITIES, notably
Chicago, a~nticipations as to the charac-
ter Of trade early in the coming year are
hopeful, but it remains to be seen
whether the downward movement OF
demand and prices. and the delay in put,
ting the currency on a sound basis, all
in trade conditions. Will permit of as
early and marked gains in staple lines
of trade in 1896 as has been confidently
Business failures in the country fol. a
completed year number lS,VlS. an N
crease OF more than : per GENT 2 fos-
lowing the panic. in which, as shown
by the records, it i~ssusual for the number
Of failures to decline. The Ison 1ncr nisS 6 oI
a gain of 6 per cent. in liabilities of those
failing, and the commercial death rate.
gagged in business during five years from
1850 to 1894. inclusive, and ranged as hign
as 1.50 in the panic year 1888. down to In
business this year. The increases in
number of failures are at he west,
northwest and in the I, middle Il u ps states at 81 = d e.
the south and on the Pacific coast. The
percentage of assets to liabilities has
risen from So per cent. one year ago to
per cent. in the year lSsS.
C~learings totals are favorable; the az
gregate@1. Ia, 600, 000Lwhile it is 80 per
cent. less than last week Ga remarkably
small falling off when the Christmas
interruption is recalled), shows an in
mas week in 1894, and of Al per cent. over
1898. AS compared with 1892 this weeks
clearings total still shows a gain, Z per
week in 1891 the falling offs only a frae,,
ton of l per cent. While contrasted
with 1890 this weeks total is one-third
larger. it. in all probability, is the larg-
record.
The prices movement is more favorable
than for a number of weeks, the quo
tatien for coke having been advanced.
as well as those for mohair, wheat, In
dian corn, oats and for sugar, while
for leather, hides, lumber. coal. wool
unchanged. Fractional reactions are re-
ported in prices of refined petroleum.
cotton. pork, -four. iron and steel.
Most industries report business quiet.
fairly supplied with orders. but some OF
the Philadelphia mills have shut down
for a short time. Shoe manufacturers
report buyers are taking very little IN
terest, but increased strength in hides
makes them relatively confident.
Stock prices recovered sharply from
the QsDItSSlOH CduoCu ny L XII d-ld W.
nestle liquidation or the Venezuelan
complication. The attendant furry in
the. money market was allayed by the
action Of the clearing, houses Of New
York, Philadelphia and Boston in pre-.
p parhggg t snach issqs loan lsl SewaYart dul Il
and watts for the expected decision as
to a bond issue and for the outcome
at Washington on financial legislation.
The market is sensitive, and nervous.
Gold shipments for the week were
1890, coo. Foreign. exchange was, alb
week on the difficulty in obtaining legal
tenders with which to draw gold from
the Treasury. This policy was, how
ever, abandoned, n exchange has de-
Exports of wheat (four included as
wheiat) from both coasts of the United
States this week amount to 3,45!, 900
last week, $4,000 bushels in the CORE
spending week one year age, !2.036, 900
bushels two years ago 2,917,WG bushels
three years ago, and as contrasted with
3,10s, 900 bushels in Christmas week 1871.
This weeks foreign shipments of wheat
(1our included are the largest since the
third week of January last.
The weeks features in commercial lines
are a rather. better trade in Christmas
business at the west from long-continued
raina, extremely light stocks of goods in
hands of retailers, the strength of wool
advance should the proposed duty be
nourced movement of funds from the
west east. not only to pay interest, but
because of the better demand Tor cur
Is moving more freely in the State OF
Washington, as well as in the nearby
northwest, where lack of snow is felt by
from the Pacific coast to Australia.
49,