The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-11-28
The BUSINESS OUTLOOK.

From Bradstreet's State of Trade"
Last weeks disappointment at the lack
of demand in general lines continues. the
intervention of a holiday having made
trade quieter and the volume smaller. Al
some points OF distribution there is no
change In the situation. Mild n I'M
tive distribution of clothing and heavy
goods, and the volume moving is smaller
Where business has been more active it is
due to hlling-in orders and to demand for
demand, which has not yet appeared, was
responsible for the starting up of some
mills and factories which are dissatisfied
with their prospects. The most en-
couraging reports are of an improved tone
1897 Hs aAus an l-A''s 0l'i00A =
TO manufacturers at firm prices, but
wooden mills have only fair orders for
spring delivery. Jobbers in textiles re-
port dry goods q@uieter, due to the holt
the months business, are looking ahead
to Improvement next year. A better de-
mand for shoes for spring delivery has
stimulated manufacturers to increase the
output, but the request for lumber has
fallen off. Iron and steel manufacturers
report demand not equa TO expectations
and no likelihood for Improvement prior
to the new year. Bessemer steel remains
firm at pool prices, but billets for export
are off 81 a ton. Nails lave dropped
heavily on the collapse of the pool. and
0fCl DtcoClliEI pA6 lIVu Is SIldQGQ OH u6-
creased demand and ample supply. Cot
ton ties are lower, and the steel-rail pool
have not decided as to quotations.
inc large number OF changes in prices
petroleum, turpentine, hides, apples, cot
ton and wheat flour being lower, in ad-
dltion to prices Of metals given. TN
print cloths, leather, pork, sugar and
coffee, while the leading cereals, wheat,
corn and oats, respond with advances,
as do prices for lead, lard and tin.
Reaction in the demand which appeared
Immediately after election, together with
the intervention of the Thanksgiving
holiday, accounts for the sharp reduction
IN total bank clearings throughout the
country, the total for which is S9i0.O 900. 900
this week, nearly "A per cent. smaller than
last week. but 70 per cent. larger than
IN the corresponding week n year ago.
Thls weeks increase, as contrasted with
the last week Of November in 1894. when
business was unusually depressed. amounts
20 IS per cent, while as compared with
the corresponding week In 1888 the gain
this week Is IS per cent. Carrying sack
the comparison to the last week of No
yemoer. Ky. 2 year Of large volume of
business, the falling off in bank clearings
this week amounts to go per cent.
Public and foreign interest in stock
speculation has been withdrawn. and fhe
professional operators in the New York
market continue to attack prices, though
the increased short interest acts as a
check on their activity and even causes
temporary rallies. The approaching
meeting of Congress. and the possibility
Of action In regard to Cuba, or on the
currency and the tariff, is regarded as
the chief reason for speculative hesita-
ton and the restricted and dull state of
the market. Bonds are lower, in SYM
pathy with stock values. London is in
active, though money rates there have
eased of Foreign exchange is dull. but
very firm with demand sterling up TO
4,S6laQ4-s6&- Large amounts Of long
sterling have been bought for Investment
the ease of money facilitating borrowing
on 1t.
Exports of wheat flour included as
wheaD from both coasts of the Tinted
States Newport News missing amount
20 5.64l,6 bushels this week, against
1888, 900 bushels last week, 2.46O,0 600 Bushels
In the week one year ago, 1851 900 bushels
IN the week two years ago. 2,44O, 600 bush
els three years ago, and as ompared
with $3.50 bushels in the Correspondence
week of 1892. Exports of indian corn this
week amount to 2,65I,6 63 bushels. agaiust
zYI5io00 bushels last week, 1920 900 Bushels
II the week one year ago, and Compare
dYyeily small quantities in eorrespondinp
weeks in three preceding years.