The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-12-07
THE BUSINESS OUTLOOK.

General trade continues the features oil
most lines business being conducted con.
servatiyely, activity only among dealers
iH wooleias, clothing, shoes and hard
ware, and new orders generally of a MI
ing-in character. The season has cyl,
IDENTIFY been a late one, prolonged milo
weather flaving delayed orders until the
Christmas demand and the belated au-
tumn request came together. Notwith-
standing almost uniform reports of quiet
and unchanged conditions, 1t should be
noted that Jacksonville, Augusta and
Kansas City and st. Louis, at the West,
prove exceptions to the rule, by reporting
gains in demand for wholesale staple
goods compared with the preceding week
The falling off of % per cent. in bank
clearings last week (Which was unusually
heavy. even for Thanksgiving week. is
more than offset by a total OF $1,247, 900, coo
c~learings this week, 43 per cent. more
than last week, z per cent. more than IN
the nrst week of December, 1894, and Il
per cent. more than in 1898. The decrease
this week compared with the correspond
ing period in 1892 (when the total was
probably the largest weekly aggregate
of clearings on record is only IA per cent,
and as compared with the like week in
1891 the decrease is only s per cent.
The course of prices also shows a more
favorable tendency, sugar, Indian corn
and wheat showing advances, prices OF
wheat, -four, pork, rice and tobacco be-
ing firm and unchanged, while lower
prices are furnished by oats, lard, coffee,
SOtAOAls ot4Ao PCthO
hides and lumber, coal, southern pig
iron, Bessemer pig iron. live hogs and live
cattle.
November bank clearings are ICES, 5e4,-
92o, Or $40 per cent. smaller than Octo-
Der, but 1876 per cent. larger than No
,x as lss5; and only I.oJ 4 per .c cent. m smal,
tober and May. yhd|s, me total Of the
nroath Since Nay Nay. 1855 I 'a' Only 't Twice il
twelve years has the November total
exceeded that for October. At New
is Is per cent, while. outside of that
city the gain is over is per cent. Gains
in groups of cities are smaller in No
vember than in October, except in the
far wezt where the trade revfvals seem
to nave enlarged cleaaings materially.
the month compared wifi, 1894, a larger
number than for some time past. but
the decreases at the larger cities are
at sixty cities for eleven months aggre-
gate 81, sos, 2se, 5s5. a gain OF Il per cent.
over last year, a decrease of less than
only ii per cent. from 1885. Only. thirteen
CUT of eighty-Seven cities show decreases
this year from last in the eleven months
beer. duh, except in the .industrials,
sugar and Chicago Gas led the move
! ment. the latter rallysng On a legal de-
eision against the attempt t. stop the
IC1t SafllL6 llOd, NIIftt DdSdT, %lcI d uc-
! preston due to an attempt to bring the
company before the New York courts.
rallied on the declaration OF the regular
dull and heavy. and the market seems
inclined TO wait till ftfie attitude of
Cengress on financial questions is better
mand Bins. But 100000 gold has been
exported, s5oo.00 of the amount going
Exports of wheat flour included as
MheaD from both coasts of the United
amount to s,l56.o 600 bushels. as compared
with 2.46o. 600 bushels last week. S,011,G9
bushels in the week a year ago, 2,55S.0o
bushels in the week two years ago. n
4. 404. 1000 thre years ago..
Continued depression in wheat is finally
followed by an advance, due to the con-
tinued heavy shipments of wheat from
the Pacific coast. and confrmatory re-
ports of short crops in Australia and
Argentine Republic. Minnesota. Iowa.
Nebraska and Kansas farmers are en-
deayoring to hold as large a proportion
Of their cereal produce as possible. and
corn to hold. Duluth advises that with
the close of navigation grain receipts
fill elevators there to Overlooking. Leather
to this country at the advance. but are
now buying American leather after the
reaction of % PEI, cent. in price.
Worlds available wheat. stocks. COM
piled by 'tBradstreets." show a total of
164. 600, 900 bushel December /. q. 000.0 900
len ns ;ns less than no one yea ago, and 20. "a
| European and a1oat stocks are IS, 900, 600
bushels. which. while larger than one
e corr pom | total two years sas ago. 90
Available wheat stocks. in. the United
States and Canada at this time are the
November7s net increase in worlds wheat
supplies is about 11.00o. 900 bushels in
round numbers, about one-half the No
| vember increase in 1891 and in 1892 years
of extraordinary heavy receipts) only
two-thirds the November increase in 1893.
but more than twice the November in
crease last year.
From r. Q. Dun Z Co.'s Weekly Re-
Business is still siuggis as if gorged
by excessive indulgence of the appetite
In nearly every branch stocks not yet dis
tributed to consumers stand in the way of
new orders, and competition of a pro-
ent demand puts down prices, that de-
cline retarding purchases yet more. After
the holidays men look for a larger de-
all the producing force awakened to ac-
tiVity by the abnormal rush of buyers
last summer remains to be seen. For
are running low, but enough is. doing on
old orders to keep most of the works
employed in part and e COCO proportion opf s9nl
| dered, and rarely has the opening of a
| session of Congress affected business so
little.
| even when it means return to health
after an unwholesoine advance, but 1T
has been the most prominent feature in
| business for some weeks OF the leading
products, hides were almost the first and
! the most active in rising, but have now
| receded 40 pei. cent. Wheat rose about
| about IS cents. Cotton rose nearly 81 per
| cent. but has ,receded about Is per cent,
and leather rose as much but has de-
| clined thus far Is per cent. Iron rose
| nearly go per cent, but has declined FROM
the highest point about, 10 per cent.
| ton goods much less than cotton, and
boots and shoes much less than leather,
] and these have declined comparatively
] litrfe. Each branch has special ccndi-
lions. but where the rise was large and
/ due to fictitious or temporary influences,
as usual, yield more slowly, and not In
proportion to the wholesale cost of com
The stock market has been meah, partly
BECAUSE OF sales by London said to reach
| 1900 shares for the week, and partly be-
| cause Of disappointing returns OF earn
| ings. November reports show a gain over
lag wear Of SIS per cent. in the FIRST week.
! R5 in the second, So in the third and IL
| IN the fourth week, and for the month
60 over last year, but 3.4 per cent. less
than in 1892. East-bound shipments from
Ch;caco in November were 8.4. per cent,
larger thar In 1892. Payments through
Der cent. larger than last year. but 1T
her cent. less than In 1885,. and the COM
carlson. like that of railway. earnings,
rejects only in part the difference in new
hs,siness. While a marked change for the
better is expected after january 1 little