The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-09-28

liberal receipt. and prices are low ans ana
lower, with a downward tendency.
Prices have remained firm and IN
changed for ron and mb steel tb oa'S Inward Hard
movement, in addition to items specl-
fled. includes sugar, print cloths, petro5
leum. turpentine. anthracite coal anu
vanced on demand in expectation ina
the wal in Cuba will curta3 suppiles IN
the near future Higher prices loT i4a5
domestic manufacturers to pay more LOT
raw material. At present q Il can
foreign woods in domestic arr IN
lishtweight woolens IS unsatisfactory.
and owing to the high price and streagi IN
Of cotton caution Is being Mbo exe ennf5 f fa
more builish on cotton. and the con.
tinued evidence of a short crop appears
to nave at last compelled recognition
General business at the South has
shown improvement at Memphis, NASH
vile, Atlanta, and cunningham aemanu
that appears needed is a freer moTeinens
Of cotton. On the Pacific coast Seattle
to Central America and to Alaska freely,
and Tacoma reports the wholesale siS-
Gerry business heavier there than in 1874,
with the Alaska trade improvlng; cen
eral business at San Francisco IS COM
paratively quiet. The canned frult ous,
put of California will be about equal
to that of last year.
reported damage to the crop in Argen-
tine may or may not be the beginning
of an upward movement, but accepted
statistics concerning supplies of wheat
in this country. if not discred1ted IN the
near future, may compel wheat prices
70 foley %sYo in t foo dRsgd st Of fhose from dop
widely different points seem to Indicate
a very general intention IN the part of
grain producers to hold their wheat Tor
wheat territory tributary to Minneapolis
and to the wheat country in oregon.
Wheat exports from both coasts Of the
week (wheat flour as wheat are the
largest since last March. 9,151,00o bush
els: against 2,5Ss:0O0 bushels last week.
ago. and as compared with 3,lS9.0O0 BUSH
els two years ago. and with 4,017, 900 bush
els three years ago.
the United States during the past nine
months, as reported to "Bradstreets',
only 48 more than in the like portion
a1leled by the total amount of assets
and liabilities of failing raiders this year
being, substantially the same as in like
failure record for the nine months lies
in the relatively large number reported
in in, the first quarter Of the year II. since since
W ll4NAt tAiiAC ldi iaNS oAlNi OIi y
week to week very sharply. Business
failures in New England have decreased
notably. as compared with a year ago:
while those at the South have increased
about as much. There are more failures
reported from Western States this year
than last. while in the Northwest and on
the Pacific coast there are fewer.
From P. G. Dun & Co.'S Weekly Re-
view.)
The full statement of about $500 com,
mercial failures for the third quarter of
1895 will show liabilities of about $50, 000.-
600, of which about 81, 000, 600 have been
of manufacturing, and SIT, 100000 OF trad
last year the failures were Uses, and the
liabilities 500, All 1856, of which 81, 331,S92
were of manufacturing. and $15,1 ISL $50 of
trading concerns, while in the third quar-
ter of 1893 the commercial failures were
4,015, with liabilities of $50. 469, S21. In the
three quarters OF iSss the 9 Aoa eom mifS iial
bilities of about sis, GOO, 0Go, against $l3l,-
t44,502 last year, and $25l, 334,265 in 1893.
this year have been about S51 600, 600,
against 500, 500, 148 last year, and in trading
about s63, O0o. 900. against see, 527,2 POS last
year
The weeks reports are highly encour-
aging as to monetary matters, although
exports of gold still continue, and also
as to the cotton manufacture, but not
as satisfactory regarding iron, wooden,
leather, or silk manufactures. The vol
ume of business represented by railroad
returns U StplCIlDtI tIQcA Idl ID 90
per cent larger than last year, but lis
per cent. smaller than in 1892. The ex-
changes through all the principal clear
ing houses have been 21.4 per cent. larger
than last year.. but 81 per cent. smaller
than 1892. It is the future rather than the
past upon which men are trying to base
the outlook as to future business is
nearly as encouraging as it was a week
ago. The one draw back is that while
Imports of merchandise continue about
30 per cent. larger than last year, the
exports of cotton, the main reliance at
this season for debt paying. are likely to
be materially restricted by the great ad-
vance in price.
The speculation in cotton has lifted the
price fve-eighths during the past week,
ard quotations here are so much higher
than at Liverpool tina free exports cam
not be expected. 1t seems nc longer
possible to hope for a good crop. and
predicting a yield of only seven million
bales. The accounts of injury and loss
| grow more dismal each week, and while
| they may be somewhat exaggerated, the
| general outlook is decidedly unfavorable.
| But for the extraordinary supplies car
ried over from last year, the maIufac-
| t6rer here and abroad would be in trou-
| BILE. But prices of goods rise each week,
| adding to the profit of mills, which on
| both sides of theso ocean can use for some
/ time to come old cotton bought at low
| prices. 1t is not yet clear how far the
| consumption will support the anufa
| ture at the present rate, and at present
Dric6S Tor ROOUS,u1lCuSu LIE dSiifdi!d iioii
| dealers is naturally urgent, while the
/ market for the raw material is consita-t.c
| " rising. There is still some chance of
a strike in Fall River mills, though the
| rise in prices will make it easier for the
mills to grant some advance in wages
The wheat market has been excited
| without much discoverable reason, and
tba nrice has advanced over 5 cts: for
snot and 2k cts. for December deliv-
cries. 1t may be said that the crop, pros
necfs abroad are not quite as favorable as
| thew were a month ago, and with a snort
| supply at best in this country, the mar
| kef is liable to be unusually sensitive.
Nothing is clear about the iron and
steel manufacture, but some OF the larg-
est Pittsburg concerns, processing to
have orders for many months ahead,
are bidding for small contracts in East
ern markets at 81 to S1.50 per ton less
fban the quoted rate. Some say that it
is Zone TO depress the market. and again
/ it is thought that the object may be to
Inv materials, but contracts. have been
at the East for $500 900 tons of foreign ore
RI he used in Bessemer iron making fur
naces. and the termination of the Mar
ouette strike sets free about half a mil
ION tons more of Bessemer ore within
me period of lake navigation.
There is a halt in the advance of
leather. no higher prices having been
recorded this week, though hides are on
the whole a shade stronger. The demand
For boots and shoes is narrow, and
many factories have stopped, while
others are running part time. The adj