The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-06-22
THE BUSINESS OUTLOOK.

the customary check to activity In trad
ing in staple articles of merchandise, due
to the near appi zach of midsummer,
with the accompanying stoek-taking in
some lines; In sdGition to this, perhaps
the only other not pointing to improve
m men Is ws the re aonr W OF prlces corn 1l e0 oata.
| pork and lard from previous relatively
high levels. In almost all other direc-
tons reports on the business situation
and outlook are exceptionally favorable:
The New York stock market keeps its
strength in face of high exchange rates
and the absence of foreign Interest.
southwestern territory, and the rise n
iron and steel prices. create q buliish
i hauiss saies have ralfR little effect. The return
| of one of the pond syndicate leaders
from Europe is regarded as a bullish IN
Foresgn exchange IS firm at 4.Ssh for
demand sterling, but bankers are mani
nous in declaring that no gold VIII be
Notwithstanding the reaction in the
| price of cotton, cotton goods in some IN
stances are higher. with the market
quiet, and likely to remain SO , unsn a w!tb
mills fairly we'll employed where lanor
| troubles have not :nterfered. Trading
in wool has been very heavy, ana whi1e
low prices, quotations have since ad-
vanced - q lc. per pound, thus appar-
emily placing wool in Inc with leather
among staples which have enjoyed a
| revival IN demand and price since the
extreme depression of 1S94-9o.
| mand for iron and steel continues. per
haps, the most striking feature. In q
few instances certain grades OF IRON
| having quotations advanced twice within
| the week. Since the rise In prices began
| pig iron has advanced % and steel Dill
serve plant is being pressed into service;
Another large bank ,~clearings total
from from. s% eye Ssspms, zig eso. d 5a fse ev hn e
| Of the maintenance of a relatively, large
| volume of trading, as purely specuialive
Transactions, ,,a notably of at la Mew IRIS TSIs' is aA an
| Increase of more h seven, per celt.
over the total of last week. twenty-eigh5
week per cent IN Ju ExeT in us lss4. 'e ana four tol PEI per cent
YEAR year. 1875 ST. This Weeks total Is only, e
to Lenisyillss st. ! Louis s.,a K Esd aa S Sayy
Stimulated the feeling that, the autymn
T mess Dri faila an a0p thnoa sghot the united
2s last week, 1% the third week 1881 i q
in the like portion Of 1892, and 227 IN
Export of wheat (and nour and Wheae4
RBJradstreet's, amount to 2,S57. S07 bushels,
! against 1.7Sl. 900 bushels last week (when
us 1877 600 bushels in the third week of
| June. 1894, 1858, 900 bushels in 1888; 2,451,-
| 900 bushels in 1892. and l,9o6, ooo nushels
in the corresponding period IN 1871.
| From r. G. Dun & co's"weekly Review"
He who sees a setback IN business aness at
| telescope pointed by mistake at some
other country. From all parts OF the
| United States, the best advices op5a.n-
to mount too far and too fast. The
| volume of all business IS by no means
equal to that of 1892 as yet, thougn IN
some important branches larger than In
| that or any other year. DAILY
| through clearing houses In June are 26,S
S.s per cent. smaller than In 1892, the
| last year of full business at this season.
| A rise of more than a quarter IN a single
year IS the more slgni1can, pec crirss ~ ~
commodities as a whole average a irac-
ton of one per cent. lower than a year
ago. Two influences o. e ssemsae eins
| crop news and confident replenishlng OF
| stocks which have been for two years
depleted to the ut loas h Mnen i5l onsin mils
| lions yearly less than before, Il Is not
| strange that the increase shouid pc al
the rate of 1000 millions a year Wnen
! faith N the future inspires general re-
| punishment of stocks.
Excepting " heavy rains IN I siah
crop reports this week nays "a iert pe 4n cn nfgn1
indicates a Yield below 1900, 600 bales.
which would NOT be supposed to threat
| stocks were remembered, now exceed
| ing $500, 900 bales a full consumption unI
| til September l. Receipts continue SINAI
| mere and abroad, though the marketing
! of British goods is not entirely eneour-
| By the south do not indicate belief that
any serious. misfortune 1mpends. 30 tns
strong trade in Wheat growing states Re
a aores from Ma's sp pIssl Wheat - States and from
the Pacific Coast are 50 cheering. that
aslthough the Loss loss Of fst Wlnter T Saye b maa
most accurate in recent years now var
ia prsdictio1g from 49, to 4 for m three
ss'S5s. lis bushels. against 6,9os,232 last
year, indicating no urgent dennand az
esi i cents in wheat, with heavier sales
The rush for supplies in iron and steel steal
market. Because prices are mounting
everybody hurries to buy; SO that they
mount mt * higher gh Pitt sesnsme the er1 Bar r'a Associa-
lion has advanced common to Sll5, the
Wire Nail Association puts up the price
TO $l.5U per heS, INC 80
have raised the price to ga, Eastern ana
Southern furnaces have both raised prices
again 30 cts per ton, and structural beams
are III rs and angles SIPS. 1t is undenia-
hie that works in operation are crowd
ed with orders, and others which nave
been idle for years are. preparing 20 fs-
sumo. AT the same time the most Pc
the general belief that a combination OF
| cnke producers would raise the price
M Il 90 after July 1, is apparently re,
moved by war among the and
a fail to SIPS in contracts for the iast
half of 1895. ,.a,,
-stronger with better crop news, and the
,annings in June average 1914 per cent.
larger than last year. but 1873 per cent.
iess than in 1893. Shipments from chi
90 in two weeks of june were y1.504
tnns. against SO, 1913 last year, and lG,465
in 1893. With sterling exchange at the
| shipping point. gold exports are not ex-
nected unless the syndicate sees Mt 70
make them for purposes OF its own, al
| call for shipments, and foreign Iraalng
IN stocks has been insignificant. Eviden-
nas If better employment of money in the
S@nfeTior multiply. but funds continue to
prsvitate hither. and one large. loan Tor
an Oineyville mill, with good New York
Endorsement. was placed for forty-hye
DAYS at az per cent. per annum, aitnougn
Commercial loans are more freely oHefeo
and taken. 49,
show liabilities Of only 81: O92. 3s2, Of wnlch
s1o2 XXI We're manufacturing and $l,329:
e9S were rading, against $2,917,63h In all
for the same week last year, OF Wnlcn
sees 137 were manufacturing and $2.z20. 16t
were trading. Additions for the first
~ nrn n r VI