The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-07-11
The BUSINESS OUTLOOK.
GFrom r. @. Dun & Co.'S Weekly Re
{vtons r1

- Hi 4 Up4illSdl CONVENTION III REySEESS
directly antagonizing the position taken
pr last month, il IS natural that there has
the future to intensity the dullness expect
ed at this season. II IS not only the well
Informed who make business but much
! knowledge OF political conditions, and are
liable to be impressed by the strong as
sertioas of rarsisans who are supposed
exhibited no excitement. though stocks
| were weaker on Thursday and Closed
lever for the week, Is cents per share
for rails, but trusts rose Is points. Nor
were there signs OF alarm in the specula-
tive markets. or monetary circles. But
was one Of waiting. with 4 somewhat
prevalent feeling of insecurity. Such con-
ditions sometimes hold through all the
more frequently when the. form Of the
contest has been determined the pushes
world has settled down to its work with
10 protect their welfare.
Inc wheat market advanced a little.
while other speculative markets were
advance Was mainly due to reports of
foreign. crops and needs. There are many
who believe that the decrease in yield this
year. has been underestimate, and part
q the dispatches gathered by Dun,s
REVIEW last week tended to support that
frem w Inopg are p nav tba ygh; az The the returns rans
ing States We're more cheering.
Serious apprehension regarding injury
oy aroltn to cotton insTexas seemed JUS
tilted by some dispatches published last
week, so that telegraphic advice Of ms
what general rain In the State is well
come. Whether It is in season or sufn-
cent 70 ensure a satisfactory yield cam
OF INJURY said to have been done by ex-
cessive rains in some Atlantic States. But
with the large increase of acreage a yield
OF at least fair proportion seems 10 be
probable, and in view of heavy stocks
carried in mills and markets here and
abroad, and mills closing quite extensively
70 permit Tightening of accumulated
stocks of goods. a large yield could hardly
prove most beneficial 70 the producers.
Closing Of mills and shops about mid
lmmer is BY no means unknown in pros
porous years. In order to meet the rush
for goods at particular seasons. more ma
chinery Is put in than can be proftably
employed the whole year, not only IN tex
tile but in other manufactures, The cot
ton mills have for some time been over.
loaded even more than is usual If a duil
season. and temporary stoppage was theN
only relief. Large sales of print cloths are
reported at ~ cents. slightly above the
yet been strengthened. Nor have wooden
goods improved, but the tone is rather
less hopeful and the demand for goods is
even more slack than was expected, and
sales Of wool at the three chief markets
have been only 2,o67, 100 pounds for the
week against Y, 500 last year, and for
two weeks of June 6,4ol, 881 pounds, Of
which S,SSe,aSI were domestic. against
domestic. Western holders are stiffened
by the tone of foreign markets. and as
manufacturers have little encouragement
to expect large orders ror goods, dealings
are remarkably light.
Not much can be said of a market so
fat as that of iron and steel products. but
part of the inactivity Is strictly season.
able, part Is due to still unsettled aues-
<s1rc nhn.4fM r-o arS -or,r1 -,
general disposition to defer orders until
the future is clearer.
Money markets appear rather more
healthy; foreign exchange seems near the
turn, and more is done in commercial
1t is generally felt that dnancia
dangers are past for some months. LA
bilities in failures for the second quarter
are given by branches of business for
three years.. showing great increase in
woolen and lumber manufactures, cloth
ing and machinery, and among traders
increase in hotels and shoes. but a
large decrease in general stores. Omitting
the big Cordage Company last year, other
manufacturing failures were a little over
half those Of the past quarter. Failures
for the week hays been 25 in the United
States against 253 last year, and SO in
Canada against IS last year.
From Bradstraets State Of Trade"
The usual midsummer duilness in gem
eral merchandise markets has been em-
RlldslZ6Q Dy laldNOIADie weather, Dy
uneasiness at the attitude Of the Chicago
platform towards the finances of the coun-
try, and BY the continued conservatism
their wants. TIKI volume Of business
appears smaller han last week. Merean-
tile collections are more unsatisfactory
and there is a disposition among jobbers
to lock more closer after credits. Wool
Is still further depressed, with not enough |
business TO establish quotations. There is
no Improvement in the depmand for fall
business in woolens. Iron and steel indus |
tries report a reduced demand even after |
the greatly restricted output, with prices
Cor q revival for some time. A portion Of
the recent activity among shoe manufac-
tursrs still continues. but the tendency is
Stock values at New York have recov-
cred somewhat from last weeks depres-
sion, and me market IS stagnant and
silver declaration and the entire absence
Of public interest. Professional specula-
tors are Influenced somewhat by the fact
at Chicago in advance. and by the crea-
ticn Of a fairly large short interest. Amer
ieans NAYS been strong in London, but
the buying from thar quarter has been on
a smaller scale than last week. Large
professionals and capitalists are disposed
e wais, and dealings n inysstment bonds
ply ST security bills. demand sterling RS
i n,sv fFom a 3,Ss1 e b, gssSg4ssAi Silver ts
Chicago
Bank clearings throughout the United
aggregate only $685., 900, 900. a falling
off from last week of nearly Ii per cent.
and a decrease from the correspondents |
week in July, 1856. of IA per cent. When |
contrasted with the like period in 1891
when the volume OF business was ex-
depressed1, this weeks total is
II per cent. larger. but when compared
the total for the corresponding week |
In 1893. the falling off is IA per cent. and
with the like period in 1892, the decrease
is 13 per cent.
Among two dozen staple articles, prices
Of which form a gauge of the general
OF values. only one, print cloths, /
shows an advance over last week, coffee. /
petroleum, iron. steel. coal and Lumber
being conspicuous anon those prices for
are unchanged. The general tend
Of the price movement, therefore,
Is downward. the advance In prints being
The result of the shutdown at the East.
Gross railroad earnings for June are
favorable, showing the largest gain over
year reported since February, and a
proportion OF gain almost three times that
reported in May. The total June earnings
1f 1l3 companies aggregate s35, 586, 900, a
gain for last year of II per cent. This
follows q gain in June a year ago over
June, 1894. of 5 per cent. The granger and
Pacific roads show heaviest relative gains /