The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-10-05
Highest Of ill in Leavening Power-Latest US. Govt Report
[2J!A!,l!l! F ksklRs
ABSOLUTELY PURE
co. ,io,,aatina indebtedness an,

conspicuous for liquidating Indebtedness ana
anticipating payment of commercial paper.
The heavy decline in exchange ana stoppage
of gold hipments has created q better ieei-
ing in stock speculation. The buying, now.
ever, is professional and not pubic, ana al
the close of the week London's uncer.a.nes
over the threatening eastern poiitical s.tua
ton and the possible collapse OF mining
speculation causes a slight recession ~
prices here. The principal activity mas peeh
in industrials and other manipulated STOCKS.
Foreign exchange, after a decline to 4 Sfs LOT
demand bills, has rallied Ac. Gold snip,
demands for gold for Germany are oeihs
supplied in the London market.
In a letter to the editor Of 'Bradstreets
concerning the ma ~Mati 9hsaf f. t + Bureau Of
Statistics, Treasury Department states the
reasons why, in his opinion, there VIII pc no
deficit in the national revenues during tne
fiscal wear ending June 80. 1896. HIS estl-
innate of the revenues for the current year
is $780,. 900, 900 from customs, SSo,ovo,ooo FROM
taxes on distilled spirits, $6O,oOo,ooo from 10
bacco and fermented liquors, and Sl6.ooV.Voo
from other sources, or a total OF SSsi,VVV,Vv,
which, it is declared, will pc snrleieht y
to cover the normal expenditure ol inc e"'
eminent"
of favorable trade conditions. but more es-
pecially where trade has been ackWaru
Total clearings at 81 cities for september
aggregate 81, 132, $50. 55S, a gain over August
of about six-tenths of per cent, over SEP
4 III SIS ii 1917 ~ SNA''
TENDER 1893 (panic year,, of 20 per cent.
Compared with 1892 the decrease is IL per cent.
Gains are heaviest in the eastern ana niaae
states and are larger in the western, SCUM
western and northwestern states than IN
August. Among 70 cities comparing with
September last year only one-luafler 1 no@
only I cities show losses. The heaviest gam
shown by any city over September last year
is at Cleveland, "a per cent, but New YORK
Minneapolis, Buffalo. Columbus. Boston. Pitts
burgh, New Orleans, and st. Louis all snow
he.vy gains. Chicago reports an increase Oh
less than / per cent. Total clearings at 70
citjes for nine months aggregate SSs, 1872, 410, 253.
a gain over last year of 1874 per cent, Whlie
outside of New York the gain IS almost ~
ner cent. OF these so cities only u, less than
one-sixth, show decreases compared WITH the
nine months total one year ago. Bank Clear
| ings this week continue the favorapie snow.
ing, the total being 81 1856, OB,OVo, a gam OIL
about IA per ent. over last week, as well as
over the week last year. The gain over the
week in 1898 is % per cent.
Price movements this week present as
marked contrasts as in preceding weeks.
A further advance in cotton has pushed up
| prices for cotton goods, notably print cloths'
| Coffee and sugar are higher, and rosin tenos
inward. Another advance for anthracite coal
is coupled with the announcement OF fractional
increases for copper. tin and lead. ON the
other hand, the three leading cereals, wheat,
corn and oats, have all gone off again, while
heavy receipts of live hogs have further de-
pressed pork and lard. Turpentine Is lower,
as is petroleum, and, as explained. steer
bars and Bessemer pig iron. Wheat nour
has thus far remained unchanged, as have
leather and shoes, although the latter are eS-
ness failures. reporter throughout the United
| states. as compared with 1913 last week, 25
in the week one year ago, $50 % the Hs'
The general dry goods trade has improved
with more seasonable weather, large eastern
| iobbers reporting a material increase in the
| demand. The unfavorable spot is in mems
wear woolens, the spring sale for which was
unsatisfactory owing to foreign competition
Wool remains active and strong on heavy de-
mand from abroad and a firm London market
| Sales of wool at Boston this week are the
| heaviest on record. amounting to 10000
pounds; 500, 900 pounds of Montana have been
| sold to go to Bradford. England.
From R. G.. Dun & Co.'s Weekly Re
vieW.)
commercial failures in the third quarter of
| 1895 were 2,792 with liabilities of SS2, l61,lt9,
averaging 81, 52f per firm against slo,o2S last
year, about Is per cent; more. me rate Oh
| ter for every 1000 firms in business, is lower
than last year, and the proportion of detauited
| liabilities to the solvent business represented
| by payments through clearing houses is but
e.4s per $1,000 against 2.T last year. The de-
| faulted liabilities of the manufacturing class
average $40, S65 against S19,763 in the same
quarter last year; in trading $S,5T against
s. 443 last year, and the banking failures, not
| included above have been 81, with average
| liabilities of $4,000 against $11e,0S6 last year.
In the third quarter, when failures are unu-
| sually low, the average of liabilities in pros
| nervous wears falls below SO, 900 the NUMBER
below 2 in 1000 firms, the defaulted liapill-
ties below 50 per $1,000 exchanges, and below
s25 per firm in business. Thus the analysis
indicates a condition approaching, but not yet
reaching, one of general prosperity.
Highly important comparisons OF prices TINS
week show about September 3 the lowest
\ range ever known for wholesale prices OF COM
modities. Notwithstanding advances since
March of 20 per cent. in cotton goods, 4O per
| cent. in boots and shoes, and So per cent.
in iron and steel products while in wooden
-115, tI,ara hac hpa0 ga1 rrplV anX advances,
and in all food products taken together a
fall of II per cent. Tables given show a
fail in food products OF 2 sSo per pc; cent, IN ao ods
| 22.5 per cent, in iron products IL. 4 per
cent, and in cotton goods 12.5 per cent,
while boots and shoes are a little hlgner,
and in leather and hides much higher than
five years ago.
Reports from other cities at the end OF
the quarter are highly cheering In facts re-
! corded, and reflect a hopeful spirit. Beyond
question, the quarter has shown astonish-
ing improvement in some branches. ana REAL
| distribution has generally been good, tnough
not commensurate with speculative wholesale
purchases as prices were rising. Hence there
is a marked decrease in buying, wnlch some
branches of industry begin to feel. The vol
ume of business shown by payments through
| clearing houses is AZ per cent. larger than
last year, but III per cent. smaller than
in the same week of 1892. and IN September,
the daily average was 1876 per cent. larger
than last year, but % per cent smalier than
in 1892.
The Pennsylvania has ordered 10000 tons
steel rails, and other roads e5,00O, but the
| steel makers having bought their pig, Besse-
mer is lower and also Gray Forge, and the
demand for finished products is decidedly
| smaller, so that the average of iron prices
turns downward for the first time since Feb
ruary.
The money market is stronger with heavy
| demands from the interior. All fears of gold
exports have ceased. Failures in three days
have been 207 in the United States against
219 last year, and Al in Canada against 40
last year.
.G7nnnn TOP A uTTcpANn