The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-06-20
THE BUSINESS OUTLOOK.
(From r. G. Dun & Co.'S weekly Re
yieW."N

cotton are in better demand, there is
more confidence in monetary circles, and
the tendency toward Shrirlkage in great
industries semes in some measure, at
least, to be checked. While the outcome
of the Democratic convention is un-
certain. and the great crops are not yet
Improvement could hardly be expected,
but the tone in business circles has
grown distinctly more hopeful. Clear
ing house exchanges for the past week
and only So per cent. less than In 1898.
June failures have been neither as
numerous nor as large as last year or in
1894.
h~opefulness, nothing appeared to justify
the dvanc of half a cent in wheat, "a
in corn, and 5-16 in cotton, and reaction
started in all these with taking of profits
on Thursday; Wheat receipts at phe
West, 2.41S,76 6 bushels for the week
against 1,113,143 last year, indicate no
slackening of supply nor fear of farmers
for the future. Atlantic exports 2,4O6, 1876
bushels, flour included, for the week
against 1898, 81 last year, are large for
the season, but with new wheat just
beginning to move the supply is ample.
This MilNers' Association estimates in
certain winter wheat States rather more
decrease thai Government, but compares
with the known outcome of last year,
while Government as usual,
with estimates which have proved in
recent years far below the truth. In
Guiding spring wheat, the best authori-
ties consider the outlook very promising.
The advance in cotton, also, had no Wis.
ible cause In crop prospects or move
ment, though receipts at ports. have been
light. Accounts still indicate a large
yield, and the most substantial news of
helpful nature is that the tons in manu-
featuring circles is more cheering.
After a steady advance ever since last
weeks break, stocks reached for many
f6eir hipbfSt nriaQ this YEA r and for
some the highest prices since sthe panic
of 1898. There was natural realizing on
Thursday. and decline was helped by
fresh reports about Venezuela. But
Government bonds are also higher than
for two months, and there is much con-
fdence that If crops prove good, earn
ingS for the rest of the year viii sustain
better prices. Earnings In June have been
Al per cent. larger than last year, though
1915 per cent. less than in 1888, and the
latest May figures make the total III
per cent. more than last year and s.4
less thar in 1893. Eastbound tonnage
prosperous years, for half of June 126, $40
tons against 16, 463 in 1893, a gain of
about 20 per cent.
Textile manufacturers do not gain, and
the assignment of a large worsted mill
is thought due TO special causes rather
than to the general Influences which cur
tail or Temporarily stop production Of
many others. There is rather more hope
fulness. which IS felt in arrest of the de-
cline in wool; prices average no. lower
than han Tyne ! ne ~ 7; and nBl,n sales sos do I'M not decrease
for three weeks s,sl7, oe5. of which 5,2s7,7O0
Of which s.SSl, 3e5 were domestic. Manu-,
hope soon but are not yet ready to give,
and the only changes in price are declines
of 8 to 10 per cent. in ssme very low grade
goods.
The waiting in iron and steel brings a
slightly lower average OF prices, the low
est since April /, and only 1.8 per cent.
above the lowest of the year, though the
tons.
Failures in " weeks Of June show
last ha2ii Year, the Il sso r c san1aas in le'a ! d,
and IS, 5so,025 in 1884. Manufacturing were
sl.sls.5n, against 9, sS7, ss7 !. last ! year. IS
TradIag Of we're GeTd ss.slz. az sna s s: aiS: SO & e. s.ss assa;
last year, and A.113,68 In 1894. Failures
for the week have been 26 in the United
States, against 22S last year, and Is in
Canada, against 81 last year.
From Bradstreet's state Of Trade"
A National Presidential Convention in
the opening Of the week Of the between
increased restriction in the volume OF gem
eral trade. In industrial lines there is
T nc improvement 7, r in iron and steel
buyers manifest little interest as to re-
qugrements. Present activity among dry
goods jobbers Is confined to working off
ODD lots preparatory to Stocktaking. Man
ufacturers of cottcns have cut quotations
to attract buyers. and while there is in
creased activity in flannels for fall deliv-
foand fe few buy Sesne' T Tf,s prln ] he end
of the strike and boycots at Milwaukee
is followed by a threat of iron and steel
granted ar advance by July 1. The move
ment of merchandise is smaller in VOL
ume than a week ago, greatest activity
paints and clothing. Manufacturer Of
woolens are reported more hopeful and
to be making inquiries as to supplies Of
at the interior are still above a parity
with seaboard prices. AT eastern centres
the lumber trade has been disappointing.
At Baltimore general trade has been very
dull, although some merchants are pre-
pairing to send travellers south. Crop
prospects in Texas are unfavorable, ow-
ing TO lack OF rain, but quite satisfactory
ington. A feature of the business week
en- the Pacific coast is that ~non-union
Fishermen are supplying the Portland,
Of the State militia. Relatively the most
favorable trade report of the week is
from Chicago, where inquiry for iron and
steel has increased and specifications for
work are coming forward more freely.
This has created a better feeling and the.
business outlook there. Is more favorable.
and shoes report fair sales for fail de-.
livery and packers have made heavy
sales OF hides at the best prices of the
Stock values at New York show reaction
since the adjournment OF the ST. Louis
Convention: Foreign buying, which was
inc. International stocks are the chief OBJ
jects Of interest. Government As advanced
~ per cent. on the adoption of the sound
tions in the st. Louis platform have had
a tendency to modify the favorable i'm