The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-03-28

(From r. G. Dun & Co.'S weekly Re-
view.'o
No important change has occurred in
the general condition of business dur
ing the week, and if trades in some
respects look worse, in other respects
they look better. Some failures of mag
nitude have occurred, which have caused
much apprehension and unwillingness to
lend among bankers, and there have
been somewhat less favorable features
in the dry goods market. but in iron n
steel conditions are slight and in boots
and shoes considerably more hopeful.
The labor controversies, mainly in the
clothing trade, still cause much inter
ruption of hat business. Foreign trade
IS still more satisfactory, exports from
New York for three weeks showing an
increase over last year of 6 per cent,
while imports have shown nearly the
same rate of decrease, and there are
not wanting signs that the domestic mar
kets have been somewhat over loaded
with lany kinds of foreign goods. In
general, the course of domestic pride
tends to favor the marketing Of staples
abroad.
Wheat has gained about a point but
corn and cotton remain unchanged. Re-
ceipts of wheat at Western ports con-
tinue surprisingly large for a most un-
favorable season, and make 1t hard to
believe that the crop Of 1895 was as
small as estimates represent it. There
has been a slight increase in Atlantic
exports, flour included, were 5,4S8. 119
exports this week, but in four weeks
ton had a lively rise with the covering
Of short sellers, but began to decline
again a week ago, and has been lag
ging ever since.
4 heavy auction sale Of ginghams, last
buying, but the prices realized were new
ertheless remarkably low. While not
many Of the great mills have entirely
stopped, the continued accumulation of
goods has led to cons derable curtailment
Of output, even by the mills which con-
tinue in operation. The demand for
a wea fbe wo orsss m gag : = ana az th @gs' i fe abonf
as much difficulty as at any time in mems
wear departments, the operations of
clothiers being hindered, not only by the
mediate demand The sales of wool
have fallen to less than half an ordinary
weeks full consumption; amounting last
markets, about half foreign.
There has been no trading worth the
name in railroad stocks during the past
week, and scarcely any in the industrials.
50 that fluctuations in price are scarcely
worth noting. Foreign selling of stocks
has not been very large but It Is noted
even those. of the best roads, have been
unusually large. The earnings of the
railroads lave been rather less promis-
ing than in previous months, averaging
(AAtr oSf Rt-&t $500 $500 $1,000 241ot y &tA y
the month of March thus far, and 1911
per cent. smaller than in the same weeks
IF 1888. ard the tonnage from Chicago,
which has SO long been much In excess
OF previous years, has now fallen short
of the movement in 1893. Something is
expected in Stock Exchange circles from
important negotiations which Mr.. Morgan
is endeavoring to make abroad. But or
the whole little is done at present, and
little expected for some time to come,
n the security market.
The returns Ct failures are somewhat dis
appointing. Several of MAGNITUDE were
mentioned a week ago, and they have
~welled the aggregate of defaulting liabili-
ties for three weeks of March to S12.-
2s3,, 614 against ST.. 271, 121 last year and s1N-
as1. 931 IN 1894. The manufactures liabili-
ties we're s.. SOC. 673 against $6.411. 342 last
were Ass I'll against sl,ss4, NJ Is lasf YEAR Year
and 81, 22s 082 IN 1891. Al heavy failure in
Texas VII also swell the aggregate Of re-
turns for the past week. which Includes
go in the Tinted States against 234 last
rear, and 80 in Canada against AZ last