The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-08-22


though slightly smaller than in 1884.
Speculation had advanced wheat over 4
cent during the week, corn a small frae-
ton, and cotton f~ve-eighths, the prin-
cipai motive power being reports OF in
jury to growing crops. As befores the
unfavorabIe accounts respecting wheat are
in some measure discredited by the con-
tinued heavy movement from the farms.
western receipts having been 1861. 1877
bushels in two weeks, against ~6,7oSs36S
bushels last year.
The boot and shoe industry which cons
tinGes to lead all others in proportion o.
hands employed. is nevertheless rapidly
nearing the end Of past orders excepting
in Womenss grain and buff shoes, OF which
there. are stil orders for some weeks 70
ceived, but IN other branches the new
business is light. Prices are a shade
weaker, many dealers refusing to pay
the advances which have been asked.
Failures for the first half of August are
swelled by one Chicago speculative cons
Germ about 1850. 600, but the aggregate is
s16.5S0,2S6 against $S,s27,5sI for the same
same weeks in 1888. The increase in
manufacturing failures has been heavy,
liabilities amounting TO SS.S6o,9S7 against
Si.slS.S72 last year and $1,5S4, 566 in 1894.
Liabilities in trading failures amount to
s5s104,54 against 81, 1897, 235 last year, and
1889, S4 in 1894. Failures for the week
have been $50 in the United States against
222 last year. and 27 in Canada against 43
last year.
From Bradstreet's State of Trade.
General trade throughout the United
States Is practically confined to staple
lines. The volume of business is no
larger. Where orders nave increased In
number they are smaller in size. IN
almost all instances they are based On
nearby requirements. The feature of the
week is the increased difficulty in max
ing collections an the highef rates for
mercantile discounts. Credits are being
scanned more closely than heretofore and
are granted less freely. Chicago bankers
are slow to make loans except to move
the crops. and Chicago bank deposits are
decreasing; foreign banks there demand
gold notes. Portland, Ore, announces
that many coast bankers are restricting
loans, with the natural effect on trade.
Al Buffalo. Pittsburgh, Charleston, Gin
cinnati and Galveston mercantile collec-
lions are slower than before. Business
in South Carolina is retarded by drouth.
and in North Louisiana, Texas, Southern
Arkansas and Mississippi prolonged
drouth has so interfered with business in
some sections hat it amounts to a cal
amity. Some northwestern lumber mills
have shut down owing to low prices and
difficulty in obtaining money while de-
mand for Wooliens for spring delivery is
not yet sufficient to start up machinery.
Gross and net railway earnings for the
first half of 1886 show the effect of I'M
settled trade and financial conditions in
only moderate gains over the correspond
ing period last year. Total gross earn
ings of 12g railroad companies for six
month aggregate $50, $685. I5, a gain of AZ
per cent, while net earnings aggregate
$l97. s86, 965, a gain Of 35 per cent. Gross
earnings showed an increase of So per
cent. last year, and net earnings a gain
of s per cent over the year before. Gran
ger and Southern roads show heaviest
gains in gross over 1895. l2.o per cent.
and 9.S per cent. respectively, while the
Southwestern n Southern roads show
heavfest increases in net earnings. 17-5
per cent. and I1.S per cent Central
Western, Eastern, coalers and Mexican
roads report decreases IN net from q year
ago varying from one-ffth Of l per cent.
TO IS per cent, while gains on the trunk
lines, Pacific roads and grangers vary
from 8 per cent. to I per cent.
Bank clearings throughout the United
States amount 10 only tnls
ported fer the third week of August,
1894. when the volume OF trade was very
small Compared with last week, this
weeks totali shows z decrease of AZ per
cent. and contrasted with the week one
year ago the failing off is almost 10 per
cent. Cleanings three years ago were az
practically low ebb, and this weeks total
compared with that for the third week
of August, 1888. shows an increase Of 20
per cent, while compared with the week
in 1892 it IS 10 per cent. smaller. Reac-
tons in prices for staples continue prom
inent, with wool. pig. lard. sugar, coffee.
hides and lumber lower, and -four. Indian
corn and steel billats owing 10 no saiesl
unchanged. Gotten Is higher on reduced
crop. Wheel sa1d oats and pork and
petroleum are also higher.
Wheat exports continue well maintained.
total shipments from both coasts of the
United States and from Montreal this
week (aour included as wheat amounting
to 2, 991, 693 bushels, against 1858 GW bushels
last week, and as compared with 2,SS9,oe9
bushels in the week a year ego, and with
2 1S2 0M bushels two wears ago.