The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-06-08
THE BUSINESS OUTLOOK.

is still less conspicuous in all lines. De.
mand for staple goods in a number OF
Pittsburg, Chicago and Kansas City, par
ticularly in dry goods, demand for Wnlcn
as IS customary at this period. While
business throughout the country may,
therefore, be characterized as quieter, the
s ans e o. siaeaple m en * goo sGh DEMAND when
the fall season opens next month re-
mains undated.
speculative holdings IN the New York
stock market. The unfavorable crop
rumors and London's continued adverse
caused holders of long stocks to sell. and
produced market declines IN some promi-
nent members of the list. The reduetlo1
to the basis of 4 per cent. for the year
had a further bad effect and induced
additional liquidation. The bond market
change shows great strength. rates hav-
point. The government bond syndicate
date attack on the Treasury gold re-
serve. Demand sterling is, however
quoted at 1884,.
is the continued long list of advances in
prices, notably those for Iron and steel,
and the upward movement OF bank clear
some cotton goods, shoes, hides. leather.
paper. pig IRON. steel, advanced iron
black sheets, canned goods, nogS, Wneat,
Prices PRICE 0f for Eve Eve cattle. wool, eoal sna
lumber are reported unchanged and
firm. while silver. COTTON, petroleum and
lard alone are noteworthy as showing
lower prices than last week.
Bank clearings te~legraphed to Brad,
streets" from g cities sor sh iSs p 3 to SIX
business days of 81, 13l, 600, OOO; the largest
weeks total in two years. The increase
over last week is 81 per cent. and over
compared with two years ago the decline
is Q per cent. and with three years ago
4 per cent contrastEed With With ne sbow nrs :
May bank clearings are usually among
the largest of the year, put thus year,
ings are the largest for any m 9saa Nth
ciearings at 81 cities aggregate s4sss,-
R lSs;sh1' his his year, Is per cent. over, May
last year and a decrease OF only ~
per cent. from May two years ago. In
are noteworthy at east, New York, the
west, northwest and southwest. Less
favorable reports come from southern ra
quarter of the cities show decreases COM
pared with May. 1894, mostly in the drouth
region of the west. the Pacific coast, and
months clearings are 12.5 per cent. ahead
of last year, but q per. cent. Denlno 1883,
which marked high tide in bank clear
The newest thing in wheat statistics
decrease Of over II. 000, 900 bushels in avail
able stocks inthe United states ana ean,
4, 200, 900 bushels IN and afoat for EUROPE;
Last year we. reduced stocks O,o0O,0 goo
bushels in May. W. lfod Eu st}R E aga,.an oe
both coasts Of the United States =
M Mont sg. am9un las t Soo 2' Sns .9oe Dl last weeks saas
2,724. 900 bushels in the week one year
ago. $4,000 bushels two years ago
!, o.. o0o bushels three years ago; ana ls,so,r
stocks of Russian wheat fell away 2,oG,-
900 bushels during May. Heavier ship
ments of wheat to Europe, with inereas-
ing available stocks there, mark the lat
ter's confidence in the relative perma-
hence Of a higher range OF prices for
wheat.
States and Canada has increased this
week from 26 to 236, against POI one.
year ago., 293 in the first week OF june
1888. the panic year. and 1S in the like
From r. G.. Dun & Co's"weekly Review"
The tide of business is rising, even as
surprising rapidity. The gain has gone
so far and SO fast in some branches that
the more conservative fear 1t may not
De mdlutGlucu. DuL tiG pSIlOo VI uQiA-
ness which comes in each market after
an unusual rise brings as yet nothing
like a corresponding DECLINE. Industries
and then gain once more. The demand
for consumption steadily increases as the
employment and wages of the people IN
bank reporting 20 per cent. larger dis.
counts for the country. and another 70
per cent. more commercial loans than a
year. ago, n all but two report some
oain One SnTi0llS question remains,
Whether the crops will be full enough
to sustain a large business. But the
than the estimates recently current,
Wheat rose two cents, fell back two
! with realizing, and has again risen three,
| eighty million bushels smaller than last
Official. ana most unoficial reports, doWr
| about eighty million bushels lower than
It is now known to have been. Western
receipts were 2s4 900 more thai last year;
bushels. against 6,ss1. $50 last year while
Atlantic exports, flour included, 5000 0
bushels smaller for the week, haye been
Il Il. sf tays T issi ye a;rss' f Dai Is Neither as hOids
| ing back by farmers. nor anxious haste
in purchasing by foreigners, to support
0e cotto m declined an eighth with better
and prices arose again with the report
OF only ll.t per cent. uecISasc ~ oLss
been called certain. but condition Is
reported less favorable. than last year.
| with a tenth smaller yield per acre, ane
! acreage 11.6 per cent. less h last year,
| the Weld would still exceed 100000 bales,
| which. with heavy stocks carried over,
| would forbid the idea Of famine. But
| a late crop is the more exposed to in
| fury. June began with 9;553 3s3 bales al
remaining in commercial stocks, Will.
Suropean spinners held May l over a
million bales. according to Ellison.
Cotton mills are doing well. with very
satisfactory orders already for prominent
| lines. and the market is strong with oc-
| casional further advances. In knit goods
there is also some Improvement and
have been cut in some kinds Of hosiery.
| The effort to end the .Olneyyille strike
was not wholly successful. and in q few
| other wooden mills. strikes have. occurred.
but the demand for goods looks better,
and a fair start has been made IN re-
orders for fall goods. Business in blank
cts is the largest since 1892, and the out;
in cassimeres is thought favorable; Sales
Of wool continue larger than In any
previous year, and for the. five weeks
have been q. ia, $50 lbs. against q, S0o9.15C
in 1892, but demands of western holders
are causing, much larger purchases OF
Iron pushes upward like the great build.
ings into Which SO much Of il goes. and
the advance in finished products has be-
In the gain over last year
is 27.0 per cent. though. the decrease
compared with 1892-the latest year OF
full business after May.is 81 per cent