The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-11-07
The BUSINESS OUTLOOK.

(From Bradstreet's State OF Trade.')
The expected has happened in the sue
cess of the fight foc sound money. One
result is a return of condolences in the
stability Of values and N an early re-
of demand of staples. Lower rates
Of interest," and a Willingness on the part
of banks ITO make leans Which had pre-
viously Teen declined, are additional evi-
dences 1T the meaning of the mainten-
ance ofIthe gold standard. Business was
practically suspended throughout the
been yittle Increase in the volume since
the election, compared with IKE periods
in preceding weeks. But manufacturers
and 5jebbers are more inclined to pur-
chage in advance instead of for nearby
waits only, and in a few lines, notably
wool. cotton, iron and steel, a larger
Volume of purchases Is reported. That
merchants generally share the confidence
in an early revival IS indicated by harden
ing staple prices and the Increases in
quotations in addition to those given in
which had been withdrawn from savings
and other banks by timid depositors is
flowing back into the banks much faster
than it was drawn out. and advices from
various financial centers are that wages
and small checks are being paid freely
in gold this week. Sales of cotton goods
have been freer and some mills are bet
ter employed. Woollen mills, also, re-
port more orders, and a tendency to pre-
fer higher cost goods. Numerous indus
trial establishments which have started
UP WllijlLl lNV ddtS tCPOAL OC1nS III
large orders if they would sell for 1897 de-.
livery at present prices. any Rhode
island manufactures report preparations
for a larger output than anticipated. and
that orders received contingent on election
results, notably in the lumber and jewel
ry lines, are now being filled. Millions of
dollars worth of orders for general mer-
n given contingent on the success
of und money are being filled. Owing
to the lateness of the season few have
egarded the outlook as promising much
in the nature of a boom during the cur
rent year. AT a few northwestern COM
mercial eenters large orders have been
received from country merchants within
a few days, and in Georgia farmers have
met their obligations his autumn more
promptly than for years past, and south
ern merchants and manufacturers are re-
ported looking ahead confidently to a
marked Improvement in business in the
near future.
Bank clearings totals continue below
the billion dollar mark, 1895. 900, 900 for the
past week, an increase of 3 per cent over
last week, but a decrease of II per cent.
compared with the like total last year, S
per cent. compared with the like total in
1894. z per cent. less than in 1893, and 10
per cent. less than the like total in 1892.
Reactions in quotations are conspicuous
only for Indian corn and lard, while prices
for oats, pork, sugar and petroleum are
firm and practically unchanged. Pig iron
is 25c. higher, with sales of considerable
moun in western markets. Lumber is
AAh 49, ~ III 49, tAOt
IS an advance for white pine. Renewed
demand for cotton goods and placing or
ders with mills advance print cloths Cot
ton. rosin and turpentine are higher, as
is coffee, while wheat, under the stinulus
of a strong statistical position, and, to an
extent, the results of the election, reports
another marked advance.
Total exports of wheat flour included
as wheat, from both coasts of the United
States and from Montreal this week
amour to 3,472,WO bushels, against 3,62S,-
600 bushels last week, 1855, 900 bushels in
the week two years go, 2,6S9. 900 bushels
in the week one year ago, 2,813,0W bushels
three years ago, and as compared with
3,S85, 600 bushels in the corresponding week
of 1892. Exports of Indian corn amount to
2,247, 900 bushels this week, about 200, 600
bushels less han last week. nearly twice
as much as in the corresponding week one
year ago, n much more than in Hike
weeks in the three next preceding years.
The election has developed a bullish
speculative feeling in the New York stock
market. The enthusiasm with which the
sound money victory was greeted on
Wednesday, both here and in London, was
temporarily checked by the qualification
of first estimates of the electoral major
ity and by revived ak of Cuban compli-
cations. Professionals who bought prior
to the election also took profits freely.
The acknowledgment of defeat by the sill
yer candidate and the distinct easing of
the money market through the release of
boarded gold have, however, caused in
creasing public purchasing and revived
the professional bullishness under which
prices tend to advance further. Bonds are
in demand at higher prices. Governments
are up and municipalities are obtaining
bids at higher prices for bonds issues Of
fered in vain a few weeks ago. Foreign
exchange was weakened by offerings of
boarded sterling bills, but is now firm
and higher at 484 for demand sterling
on increased inquiry caused by the easier
non market. The imports are checked
for the present. The election is very fa-
vorably received in the London market.
and a strong tone is shown in the market
for American securities there, with evil
dences of growing public interest.
From R. G. Dun & Co.'s weekly Re-
view"
A great revolufion hoe bean affao+a5