The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-01-04
THE BUSINESS OUTLOOK.

Nrom Bradstreet's state of Trade"
The week which ended 1895 and ushered
m 1870 mas been very DUH in mercantile
circles, as is usual at this period. The
volume of business has fallen away
Sharply, owing to the new years holi-
aay and to quiet in trade circles at a time
Tor commercial travellers are taking the
aoientlon of jobbers and commission
A s,ackening of activity in some of the
important manufacturing dimes is like
WISE noticeable, and it is significant that
reiegrams from 50 many centers report
factory. the exception being at a few
points in Southern States. Jobbers in
Leading lines at many centres are conf
dent as to the outlook for trade in the
near future, although in instances fears
are expressed of an unfavorable effect.
due to inability to secure necessary
Advices, from St. Louis are that total
business last year was the largest since
1SS2' and that total clearings there in
volume of Chicago's jobbing trade last
year was 10 per cent. larger than in the
put from 10 to Is per cent. larger.
Another gratifying report is from Chat
tanooga, that country merchants in the
firmer financial basis than in previous
years.
On the Pacific coast the lumber trade
is Yieing with that in wheat, shipments
of lumber from Portland, Ore, to Mexico,
Central America and South America hav-
ing been heavy, and from Tacoma. are
IN excess OF all previous records.
December ban clearings are the larg-
est for any month last year but one,
October. 1895, and furnish a satisfactory
in bank clearings. Total clearings at 60
cities for December aggregate $5,026, O56.-
lsl, a gain over December last year of 17.e
per cent, and an increase over December
two years ago of "a per cent, while COM
pared with December three years ago
gains occur in the middle and in New
England States. due. partially to specuIa-
tive activity. Total cIearings at 60 cit
crease of 16.8 per cent. over 1894, a de-
crease of only l per cent. from the total
IN 1889; oos and a falling off Of 4 per cent.
ings.
The prices movement has taken a start
Upward 1naSII and 1 for y. the first time in many
close higher than one week ago. The more
important cereals-1our, wheat. corn and
| both raw and refined, petroleum, both
crude and refined. cotton. wool (the latter
from 1se. to 1e), and lastly hides. the lat
Quotationsfor lumber and for coal remain
firm at the levels of the preceding week,
as ,d ipc eessed go9ds' Of po WhIcb R Ras n cloths his.
joyed relatively the advance shown by
cotton. In addition, to a decline in the
25a5oc. per ton. with quotations still in
the buyers favor. The prospect does not
favor arelief from the existing weakness
at ads Of ffe al mserds, with fl a pr ontpaf Is i
about LOO. 0o tons per month. and stocks
are accumulating. Some furnaces may
have to shut down soon to relieve the
L pressure.
Stock values at New York were favor
100000 4 per cent. Government bond is
sue. and the probable over-subscription
of a syndicate to take the bonds. Spec
ii iC IN yTnryy dull % nj -rosA
ing for the formal announcement of the
a~rrangement Activity is confined to
The exchange market is III firm at 4issT
taken for export. At the same time
don to New York on special orders for
use in the bond. subscription. A pre-
nn1d ,,o Of j ! to to y f.oI per , cent; is paid for
Worlds available wheat stocks Janu-
airy ! are less bulIish than anticipated,
about 100000 bushels less than one
year ago, %. GOO, 900 bushels less than two
years ago, and %, 900. 600 bushels less
were held at corresponding dates in
years previous to 1899. Stocks of wheat
east Of the Rocky MountaIns United
idly in December than expected, while
on the Pacifle Coast Ut, the usual falling
wheat afioat for and in Europe on the
list instant are a few million bushels
smaller than a month ago. they are
more more thar 1000. 900 bushels larger
than one year ago, although less than
were reported January l in the three
years next preceding 1895.
Exports of wheat flour included as
wheat) from both coasts of the United
States this week amount to 1866, 731
Bushels, compared 3,142,0O0 bushels in
the Corresponding week last year, 3,1sCi-
900 bushels in the week two years ago,
3.0OS, 900 bushels three years ago, and as
contrasted with 5,321, 900 bushels in the
week four years ago. One week ago the
total Exports amounted to 8, 457, 900 BUSH
els. Foreign shipments of wheat this
week, therefore, are larger than those for
any previous week since that ending
September 10, 1893. Experts of Indian
corn this week, which amount to 3,227,-
coo bushels, are exceptionally heavy.
being larger than those for any previous
week since that ending February 81,
1892.
As is usual at this season, there is a
considerable increase in the number of
business failures in the United States,
the total reported being 403 this week.
against 36 last week, 1913 in the week
one year ago, $50 two years ago., and as
compared with 32 in the week three
years ago.
From R. G.. Dun & Co.'S Weekly Re-
view.]
The commercial failures during the
nornnlafn vaor 1909 pnrnhar 10 1a7 ocoipsr