The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-08-15

tuaily the lowest ii 17M years. since the
first month after specie r~esuznpt1on.
week. There was some selling by foreign
/ holders. but q far more important FACTOR
investors here, thar It might not yet be
| the best time TO buy. Men Of more con-
fidence put UP prices a little on Tuesday,
and still more On THURSDAY, 50 that the
week closed with an advance averaging
IS cents per share FOR RAILROADS and $l.32
for trusts. Many men have the idea that
| stocks are q purchase as soon as political
| doubts are removed, but are not agreed
as to the thing needed to remove those
week in August were 81 per cent. smaller
than last year. and 1876 per cent. smaller
than in 1892, and Chicago East-bound
tonnage was over q per cent. less than
The Government crop report for august
was so gloomy that a great rise In prices
would have followed If it had been en-
tirely credited In fact, wheat rose about
half a cent. but again declined, closing
only a fraction higher for the week. Corn
declined throughout the week, closing
sixteenth because of continued reports of
INJURY. It is wise TO remember that the
Government accounts were based on re-
| turns prior to the fearful spell of heat,
| and hence may be more nearly correct
than they were when prepared. But Off
cial and unofficial estimates of great de-
crease In wheat yield are confronted with
a movement from the farms of 3,560.741
bushels for the week, against 2,295, 242 last
year, and it scarcely seems reasonable to
believe that q, 100000 bushels would have
against II, 625. 262 last year, if the yield
had been smaller with the price 3 cents
lower than a year ago. Atlantic exports,
flour included, 1,409, $50 bushels, against
SS9, 301 last year, are not enough to ac-
count for the difference. No one now
questions the probability of a very large
yield Of corn. But the advance OF cot
ton to S.12 cents caused large selling and
q reaction, although a turn, upwards or
Friday took the price TO $40 with moder-
ate trading.
pleasant but sure, that merchandise i'm
ports since July / are IS per cent. less,
white exports are 16 per cent. more than
last year II means depression Of trade.
The failures for the first week of August
ending with the 9Th showed liabilities of
Sc. 49, S against 81, 400, ia in eight days of
1895, and s., 294. $50 in lS94. Manufacturing
were $5,4 Al against s.. 293. 1874 last year,
and trading were 81. 461, 77 against 81.
$50 last year. Failures for the week have
last year. and 36 in Canada against IS
last year.
From Bradstreet,s State of Trade"
The volume of business throughout the
country is practically UNCHANGED. New
features do not point to in
prospects for fan business. Industries
generally continue quiet. with more men
f@~N ~ lE " IL
cant feature was higher rates for money
early in the week; some difficulty In OBJ
tanning time money This disappeared |
with manifest reaction against free silver |
sentiment which followed the silver de-
monstration at New York. August y.
Jobbers in wodlens are meeting imme-
date wants only. Receipts of new woods
exceed sales, n manufacturers prefer
70 let holders carry the raw material.
Jobbers Of dry goods report no outlook |
Tor an active fall demand until after cleo
fI0n A4nh6r N-na 4
views Of manufacturers but does not sell
goods Mems wear wooiens sell slowly
for spring delivery. Cotton goods con-
strlcted output.
Mercantile collections are difficult to |
MAKE al charleston, and at Atlanta they
are poor. Jacksonville jobbers report re-
mittances slow, as do those at Birming-
han, and in the west, at Cleveland. De-
troit, Milwaukee and st. Paul. There is
little or no demand for iron or steel.
Notwithstanding the capacity of furnaces
IN blast was restricted during July more
than $1,000 tons. Manufacturers of hard |
ware and jewelry report business ex-
cessively dull. Crop reports from some
ing, while the vegetable crop in Florida
has been greatly reduced by the drouth.
crop conditions in Alabama have fallen
on within tive weeks, and the Kentucky
tobacco outturn has been reduced by the
prolonged drouth. Wholesale dealers at +
Chicago and at St. Louis report moderate
gains in distribution of dry goods, al
though the total volume Of business is
less h a last year. and trade generally
at those centers and vicinity remains at
the dead level of nearby wants.
Inc situation at New Orleans
is relieved by sugar bounty pavInents
Collections are improved at PiftsIIreb
and there is a better demand for dry
goods ana shoes than last week. AT
very general Improvement.
July gross railway earnings make a bet
ter comparison with last year than bank
c~learings, in spite of the midsummer nli;ef
IN trade Total earnings of If9 roads for
july aggregate s39, 259. 0g0, an increase Of
Al per cent. over July a year ago. in
when month earnings Increased IS per
year showed a falling off of IA per cent
from july a year ago. Only one group
central WESTERN shows a falling off
Pacif1cs show heaviest gains. Total earn
ings of lib roads for seven months This
year aggregate $3.50 $4,000, a gain over a
year ago of SO per cent. following al
gain 1855 over 1894 of 50 per cent.
Bank clearings totals throughout the
United states aggregate only s849, 0Oe. 600
and 5 per cent. less thar in the second
week of August one year ago. AS COM
pared with the corresponding week in
1854 this weeks total shows an increase
OF Z per cent, n as contrasted with the
like period in 1883. when exceptionally
small bank clearings totals were recorded.
this weeks increase is l6 per cent. In
the second week of August. 1892. the
bank clearings aggregate was 81, COG, 00o.-
900. This weeks total shows a decrease
OF IS per cent as compared with it. A
striking featuresfs the generally down
ward movement of prices of staples.
among them hides, shoes, wheat, Indian
corn, oats, coffee. raw sugar, cotton. ne
troleum and iron. Offers for steel would
have resulted in lower prices for it. Rrac-
ticaily unchanged quotations are REPORT
ed for print cloths, refined sugar, pork.
lard and wheat -four ..t