The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-08-01
THE BUSINESS OUTLOOK.
tFrom r.. G. Dun 6 Cas- weekly Re

tFrom r. G. Dun & Co.'s weekly Re-
(view.''9
bns.nesS conditions have clearly im-
proved, though business has net. It is
the torpid season. ana better prospects
have little effect as vet. The signing of
z compact to regulate foreign exchange
Dy q syndicate pleQgfng the use OF So
Np,gsV Tor tnat purpose, # necessary. may
render II unnecessary to use much of the
money, ana has given some stocks a slight
advance. Gold expofSs have been stopped.
ana fcieign adyices are more promising
as respects an early and large demand
Tor American products. The operations
OIL foreigners in the stock market have
reflected little beyond the troubles of
SPECTATORS at the London settlements.
and varying degrees Of ignorance about
American affairs. The prospect for large
crops OF cotton and corn is Stil excel
lent, and neither movements of wheat nor
markets give countenance TO low esti-
mates. Two important labor contests have
been settled, one between bar iron mills
ana pudalers, and one in the Brown
Hosting Works Of Cleveland. which re-
Gently CAUSED troops to be called out.
BIZ the strike of garment workers here
mas extended, although appearing near
an end.
None suppose that the exchange syndi-
over A period in which merchandise ex-
ports may be light. But changes in for
esgn trade are already in the helpful d-
rection. domestic exports from New York
having been for four weeks II per cent.
larger. while imports there have been 20
per cent smaller than last year, and
last week rs per cent. smaller. Wheat Is
already going out with more freedom
than is usual for the season, and Atlantic
exports have been 1901, 119 bushels, flour
included, for the week. against 0 .24s last
year, and for four weeks 1854. 266 BUSH
els. against S.422.321 last year.
Several weeks or extremely slack de-
ma1d for cotton goods nave brought a
further reduction in print cloths TO IA
cents. instead OF the advance expected in
consequences Of the stoppage of four mill
lion spindles. but prints are selling mora
freely, while brown and bleached goods
are duh except for export kinds The
opening 5 TO ~ per cent. lower in price
than last year, and sales of wool now re-
ported are less than a quarter of a full
weeks consumption; for the week only
l,6le, 100 pounds against 6.072. $50 last year.
ana fer hve weeks past only II, 547, 1871
pounds against 5G,S5l SO last year and
SS.55T,150 in 1882. Orders taken in light
weights have been very few and for low
priced goods. The boot and shoe industry
has secured slight further advancA from
the lowest point in brogans and calf boots
and shoes, but new orders are scanty, the
more because the permanenee of advance
Is questioned. Leather is stubborniy held
without chang in prices. and in some
grades is really scarce. although manu-
faetures are buying only for actual needs,
but hides have turned downward sharply
Al Chicago, declining 5 per cert. for the
week, with heavy accommodations.
The volume of domestic trade. Judging
from exchanges. has been small even for
midsummer, fer the week 12.2 per cent
less than last year and 24.7 per cent. less
than in 1882. and the daily average for
July shows a decrease of "A per cent.
from last year and 81 per cent. from 1892
Railroad tonnage east bound shows a
small decrease for four weeks. only about
I per cent. from last year and z per cent.
from 1892. Railroad earnings for July haye
been 81 per cent. larger than last year,
but SO per cent smaller than in 1892.
comparisons, when taken with many
others, indicate a remarkably slack con-
dition Of trade. and business in CONNER
cial loans has hardly ever been so small,
credits by traders being also greatly cur
tailed.
It is not surprising. in such circum-
stances, that failures have been consid-
cradle in magnitude, and in twenty-three
days of July defaulted liabilities were
~ ,o69,4Sl against 1882, 727 in TWENTY-FIVE
days last year, and SO, Ole. IT'S in 1898. Manu-
featuring were s5.55S, oil, against s.. OH 500
last year. and s4,500.22 in 1891; and trad
ing were 5.25s, $50, against IS. eS5, sos las:
year, aud 81, $751; 40 in 1894. Failures for the
week have been 2S1 in the United States. |
against al last year, and 40 in Canada,
against Is last year.