The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-06-29
THE BUSINESS OUTLOOK.


week are the continued large demand
for and further increase in prices for
even the trade. The jump in rail prices,
and scarcity of higher quotations for
plates and nails, have tended TO produce
conditions have finally convinced many
in the trade that there are likely to be
fully 425, 100000 bushels harvested in the
SBradstreet's" points out. with a proba-
BILE available surplus of 50. 000,o 900 bush
els being carried over at this time, points
els or more, available for export during
the next twelve months, which is less
than in any. year since 1880. With short
crops abroad. in some instances, this can
hardly fail to bring a higher range of
It will doubtless prove disappointing
as wheaD, both coasts of the United
states and from Montreal, have
g mou ~ to only ]; SAG, 4o2 bushels, against
port News. Boston, New York and San
Faar ass w Ths 6 sSpor iz,1 io the basS Mesk "a a
coo in the fourth week of June. 1892.
smaller for the cities ,than a week ago
by SIS per cent. are 80 per cent. larger
than in the last week Of June. 1894 6
1893, a month after the panic had gotten
fully under way. but 2 per cent. smaller
than in the corresponding week in 1882.
With the further advances in prices of
iron and steel should be coupled the
gain Of lie; per pound for wool, WHICH ap-
pa He1 shd began its tarf jogT5ney to aso a highsr
quotations have also been made for
cheaper grade wooden goods, 23ac. per
yard for prints g Sass SOB pig: srs sil lets.
per, while declines in prices are re
corded for -four. corn. oats. coffee, cot
ton. naval stores and cattle. Sugar,
coal and lumber are practically I'M
Business failures in the United States
for six months. as reported to Brad,
streets" show a marked falling Off In
the second quarter of the past six
months, as was to be expected, but not
so great a decline relatively as In the
a total for six months of 6,597, or l per
cent. more than last year 6 per cent;
more more +, than f6e in }r lsssb, han ara of : } gsT e sf9er B Bare
ing crash. But total liabilities have
shrunk more than 100000 Q from last
year. and more thar one-half within
number of failures being due rather to
continued effects of the recent business
disturbance on smaller enterprises than
Improvement in New England is shown
more particularly by the failure OF the
O~lneyville worsted mil strike, and the
err firmness for leather and continued ae-
tivity at shoe factories. and a rather
and steel. AT New York there is nearly
the usual volume of midsummer trade in
staple goods At Philadelpht the M
p Pre- ;rna snd il st asma as w Fen s ssap at Pits ana
burgh, Is again conspicuous.
There is a few evid ences of a revival
of general trade at the south, but mer-
that region report that demand con-
tinues very moderate. and collections
South Atlantic States promise well, and
the business outlook is reported en-
General business on the Pacific coast
continues in contrast to that elsewhere.
Increases are reported In several lines
from Seattle, where a glass factory Is
to he built, and importations of British
tinplate have been received: Relatively
less activity is reported by Tacoma, with
the exception that Alaska tourist travel
city with Japanese and Chinese ports is
assuming large proportions. Portland
announces the Oregon fruit crop. will be
change in the general business situation
there. Wheat is being exported from
San Francisco as fast as it can be
supply. and produce and fruits are ac-
tive. Wheat -four shipments to Europe
are to be resumed from mills at Vale
jo after a suspension OF over a year.
From r. q. Dun & Co's"weekly Review
The half yearly report of failures next
week will include about. $500 against
liabilities, of about sSS, 900. 900 against SOL
57S. 152 last year. But for the Cordage con-
Germ, the aggregate would be nearly q
per cent. less than last year. and the
manufacturing liabilities rs per cent. less,
but including 1t the manufacturing liza
bilities will be about SAG. 600, 0oo. against
! 600, 600 against $50. S45, 97S last year, while
miscellaneous liabilities were only s.. 100
eco against T,So6,072 last year. The la
biIities for the second quarter will be
about SAL 900, 600 against s47s Sl3.GS for the
first quarter this year. but S37. 595, 973 for
the second quarter OF 1884 Railroad re-
| miles, $109. 656, 40 of Indebtedness and $751;
1928, 531 of stock. Failures in Canada haye
Business is better. although the crop
outlook, affecting prospects beyond the
near future, is a little less distinct. Spec
ket. and with an advance of about one
cent in prices the sales have been the
largest ever known for any week-14, 067,-
weeks of June sales have been 16, g. 465
domestic and 17,451 500 his. foreign, but
IL e ! 1872 they were 1S,sao. 7oo domestic and
the domestic clip is short and an idea
that the coming London sales beginning
July 2 will show higher, prices, have been
manufacturing demand, and the price
has risen at all markets Light weights
andNmlXeQ gOOdS hesitate, and some are
lower than a year ago. but since the
Washington mills opened Clay worsteds
at a slight advance, other medium and
better Frades have been stronger in
tone. The labor troubles ere passing
with frequent advances in the rate Of
WAGES paid.
h closing Of it's contract by the syn
d:eate raises the Treasury reserve above
$1,000 600. but the certainty that no
more gold is to he imported by the bank
ers makes foreign exchange stronger,
and If a large part of the bonds taken
abroad bave been resold to this country,
deliverable as soon as possible, as some
believe the heavy merchandise imports
for June at New York. As per cent. larger
than last year, against exports about Q
per cent. smaller. will render exports
Of gold altogether probable. Money
amounts averaging about $3.50, 600 daily,
and commercial fosns are enIarging,
particularly on ron and other manufac-
turing paper. The railroad presidents
have again agreed to restore rates,
which have been disastrousIy cut for
some time past, but railroad stocks
have dome we'll in holding their own. as
the industrials have sharply declined
about 1894 per share during the past
week. Prices of coal are not maintained
and another meeting of the agents
failed to mend matters.
The volume of business represented
by exchanges through the principal
clearing houses Is. for the past week.
really surprising. gain and only = of 1
per cent, less than in 1892. while the
average. for the month Is 28.2 per. cent.
1pr4rnr thar last year. and II Der cent.