The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-03-30
THE BUSINESS OUTLOOK.

THE BUSINESS OUTLOOK.
From R. G. Dun & Co.'S Weekly Review.
Signs of Improvement are all the more
satisfactory because neither accompanied
nor apparently produced by a specuiatlve
w fraze, ara pe aat gaive m stoe an the fer' inter rest
and capital from productive industry and
legitimate trade, though these. products
earnings, bank clearings and industrial
indications are more encouraging TINS
week 1t is 2 remarkable feature mat S
tom, so to speak; raw materials are
raised before there is any larger demand
often OFT la done Wins, WITH Success cess Hides roses then
leather, and then shoes; cotton rose, ana
afterwards some cotton goqds; e0ae Mas Wa
the larger demand for consumption,
though yet wanting, must come when IL
is seen that prices are going up.
Higher wages for coke workers nave
been followed by a formal adyance Of 40
cents in the price Of coke, and now Bes-
| semer pig has risen 80 cents at Pittsburg
and % az Philadelphia. Beginning at the
strength, but the Carnegie7Frick interest
is exceptionally strong. So far there is
no answering increase in demand or m
the whole the range is slightly higher
than a week. ago, angles and common
bar having yielded a little. The NE, ge eqed9a
more buying of products. AS yet it seems
impossible to fill the mills with orders,
and the struggle of those yet unemployed
| keeps prices down. 1t is a sign OF strength
that an Eastern mill has secured IN cpm1
petition with British makers who mad
| fornia road, and other contracts for
But the attempt Of the Mahoning bar
mills to reduce wages, fifty cents pud-
ding and 121s cents for finishing, seems
likely to result in a strike.
Hosting of prices from the bottom
and shoes. The combination of leather
sist prolonged delay in buying by sh9e
jobbers, and most Of them have made
demanded by shoe manufacturers, though
their orders are as yet smaller than
usual, while some heavy orders awe been
been hoisted until a stronger market
for goods resulted with some advances N
price. The tone of the goods, market
has been decidedly improved, though. it
does not appear that retail distribution
has -correspondlngly increased. But stocks
they feel that prices are bound to RISE
the demand may. grow rapidly. :.
In the wooden business cancellations 70
tuGe, many mills which supposed their
whole product sold finding themselves
quality being the common complaint,
but delays through. strikes also play a
are not to be overlooked. Quite large
orders have been taken by foreign agents
for finer .worsteds and Woolsnss and az
best goods the competition will doubt
less be sharp for more than one season.
quite large, $3.50, 800 lbs. against 4,018,2o0
last year, partly because a uantlt held
for 2 loan was forced to sale, /, PVT I SAFES
against 17,91S,0o0 last year, and. 2llS3,4o
in 1892.
the enormous realizing of last week, and
sales have been a third smaller. with no
advance. The season is really late, ana
there are solid reasons for redueing
to exert a powerful influence If they
choose. But the supply OF cotton > n4w
600 bales more than the worlds require
ments, for this year, with receipts ior
the condition of wheat a varied widely
this week and prices not much, the net
advance being II cents. Atlantle exports
| against J., 46,613 last year, and for the
month 6,511,7 0S bushels, against S.90a 734
last year. and meanwhile W y ed srl b7e :
| against 7.0S4,513 last year. Corn is a cent
! lower, while pork is rs cents per barrel,
and lard and hogs 10 cents per lo IDS
Stocks are stronger, for the first time
in ulany months, with a valid reason.
The rise has been light, 80 cents, per
| share. but earnings in March have been
1.s. per cent. larger than last year ye5s an, and
Improvement toward the close of the
| month, while in February the decrease
| Compared with 1898 was 15.2 per cent.
Better tonnage is reported from many
| ollarters, but Chicago East bound for
three weeks has been III, 1876 tons, against
& 1887 last year. A better indication OF
general Improvement is that exchanges
| through the principal clearing house
for the week are 21.5 per cent. larger
| less than in 1893, which may probably
mean the advent of decidedly better con,
ditions. Little encouraging can be SAID
| of foreign trade, exports for March be
ing smaller than last year, while imports
for the full month will doubtless show
| some increase. Rates for money are
higher. as usual lust before April /,
| and the commercial demand is some
Several large failures this month have
| swelled the aggregate of liabilities for
| three weeks of March to $ll,2!l,f2l againsd
$40, 06i ,991 last year. of which S~6.4ll5iz
| were of manufacturing concerns against
| 81. 69S, 11S last year, and S4.8247Iss IN trad
fng concerns against $4,225, 032 last year.
The failures this week AYE been ga
| in the United States, against 238 last year,
and AZ in Canada, against. 30 last year;
| But the recent increase INDICATES past
| rather than recent conditions of unsound-
ness.
From Bradstreet's Estate of Trade"
General trade for the third week in
| succession continues to show evidences.