The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-10-10
THE BUSINESS OUTLOOK.

(Frem Bradstreet's State of Trade"
Colder weather, continued heavy re-
ceipts of cotton and wheat, and other in
fuences have stimulated demand for
staple goods at various points, but the
volume of trade remains moderate, with
out material change from a week ago.
The tendency at some centers is TO q
smaller volume of trade, but the general
outlook is for an improved demand after
election Interior. merchants adhere TO
the hand-to-meuth policy of buying, and
wholesale merchants are inclined to ex-
| anime into credits closely. Except in the
| cotton and wheat regions. mercantile coli
| lectiens continue unsatisfactory. Trade
improvement is reported from Atlanta,
Augusta. Charleston, Birmingham, Ala,
New Orleans and Texas cities.
Print cloths are lower, as are cotton,
sugar and oats. The recent advance in
wheat is firmly held, as is that in wool,
iron and steel Some varieties Of pig
iron have advanced Csc. per ton. Higher
quotations have been made for wheat
-four, Indian corn. pork, lard, coffee,
petroleum and leather, and advices from
interior markets are that the general
produce trade show more activity and
presents as brighter prospect.
Bank clearings throughout the United
States aggregate $l,059, 900, 600, this week.,
Is per cent. more than last week, but 8
per cent. less than in the corresponding
week one year ago, and 10 per cent. less
than in the like week of 1882, when the
volume of business was of full proportions.
his week cleaFlnSS are II per cent
larger than in the corresponding week
of 1891, and II per cent. larger than in
the like week of the panic year 1889.
The worlds available stocks of wheat
increased about Is, 000,0 0 bushels in Sep
TENDER, approximately one-half more than
in September in three preceding years.
OF the September gain 100000 bushels
were of stocks afioat for and in Europe.
Total American. Canadian, afioat, Euro
pean, Australian and interior Russian
wheat stocks aggregated 121. sos, 600 bushels
| October 1. about 5000, 600 bushels more than
on July ! last, but 25,G00,00 bushels less
than on October l last year, and 54, 900. 900
bushels less than October /, 1894. The
present worlds total value of available
wheat is smaller than at any correspond
ing date since 1891.
A futher decline in exchange to the gold
importation point has resulted in renewed
| engagements of gold in London, amount
ing to about N,G0o,0O- Some further
amounts may also have been taken in
Paris. The New York stock market,
which was weak on speculative liquida-
| ton, due to oubts about the political
situation. together with an advance in
money rates, has rallied on the gold
| imports, though speculation is very mar
row and professional Sugar stock is
weak. on threatened competition with
creased Indian demand. Bar silver in
London is 20 15-16d. per ounce. Foreign
exchange is 4.SS%@4.S4 for demand ster-
ling.
4 he IdCluCM QUASI IcD9IlS lHCI0dSiIS
activity in wheat. the noteworthy feature
being a cargo of wheat exported to In
dia. Total exports of wheat from both
coasts of the United States and from Mon
treal {fiour included as wheat) continue
to attract attention, in view of short sup
plies in Russia, India. Argentina and
Australia. The domestic wheat crop is
more likely to approximate 500, 600, 900
bushels this year than only 400. 000, 600, the
general Interpretation or the government
wheat crop report. With the prospect
favoring an exceptionally large demand
for wheat for export within the next six
months a larger supply than heretofore
reported is likely to- prove fortunate. The
total ex4psoorts Of wheat this week &c e amount
els last week, 2,2A 900 bushels in the first
| week of October, 1895. 1917, 900 bushels in
1894, 2.s62. 900 bushels in 1888 and 3.625,000
bushels in the corresponding week of
| 1882.
September gross railway earnings make
a better showing than those for last Aug
ust. although both show smaller totals
than in the corresponding periods a year
ago. Total earnings of Ill companies for
the month aggregate $sS. 10. a decrease
of seven-tenths Of l per cent. In Aug
ust the falling off was "a per cent, the
first decrease reported for more than a
year. The best showings made are in
the south and southwest, the coal roads.
one Canadian line and the trunk lines.
Decreases are found in returns from the
granger, central western and Pacific
roads. For nine months gross earnings
on Ill rOa0S aggregate $01b, UU, wv, a gam
over a year ago of as per cent, following
a gain in 1895 over 1894 of As per cent. The
only decrease reported in the nine months
period is for the central western roads, a
fraction of | per cent, while the granger
roads showed the heaviest gains.
From r. G. Dun g. Co.'s weekly Review"
The extended analysis of classified fail
ures in September, in the third quarter.
and in nine months of 1896, in comparison
with previous years, shows what branches
of business have been most affected by
the conditions which have prevailed. 1t
win be q valuabl contribution to the edu-
cation Of the people which Is progressing
so rapidly, if 1t helps men to realize more
fully the effects of a curtailment of COM
| fdcnce and of commercial credits upon
| Industries and trades which provide the
| livelihood for millions. Distinctly better
conditions la appeared of hate. and are
| reflected in somewhatSlarg employment
Of, labor, in larger Transactions. and In
continued buying of materials for manu-
! ~facture. While a complete change is not
yet possible. a large share of the appre-
| hension which worked mischief has been
! removed by political events and by ar
ing to s52s 337 900, in payment of balances
| arising from Increased exports from New
York, last week 80 per cent, and for FIVE
weeks 2 per cent. greater than last year.
| and decreasing imports, last week, rs per
| cent, and for five weeks. % per cent.
smaller than last year. The Treasury is
| placed in a comparatively strong position.
and the funds required from the East for
| crop moving and for REPAYMENT of harm
| done by speculations in Chicago and New
| OrleaNs, have been provided without dis
! astrous curtailmfnt of commercial loans
A great part Of the change is due to
those resistless laws of supply and de-
mand which take wheat where it is
wanted and gold where ii is wanted IN
| dia is waiting for cargoes OF wheat on the
| way from Pacific States, just as Austria
| Tia and South Africa were not long ago.
| The surplus from Russia and European
| countries il reduced according to late es-
| fdmates, 75.000000 bushels. Happily this
| country has 4 supply which of1cial ac-
| counts have not correctly measured. IL
lead. = feature Of large importance,