The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-01-11
THE BUSINESS OUTLOOK.


probably. Some wholesale houses. arc
not Completed taking account 81 stock.
Mid weather at western points has in
terfered with business In some instances.
and the week continues to present charac-
teristics of a between seasons period. The
impression is general that uncertainty as
to financial action by Congress and dis
favorable influence on the prospect for
new enterprises. Mercantile collections
east west and northwest are complained
with which they are made forms a con-
splcuous exception. DEMAND for funds at
various western centres is the most active
many Of the larger anterior distributing
points are low. FIRST advices OF statesmen
on the road are Of moderate demand for
goods. Improvement showing itself first in
dry goods, shoes and clothing.
Speculafion is narrow and professional,
but the stock market Is strong on the be-
pc successful and that no severe de-
likely during the thirty days Of delay for
that the Morgan syndicate remains sub
stantiaIy intact and will bid for all or
none Of the bonds. The money market
rates are considered likely to continue the
rule for some time to come. European
SPECTATORS have covered shorts in this
creased possibility of hostilities with
Germany. Exchange Is lower al 4.s9 for
sight drafts. Gold exports are possible
vt Week this ws sase, only Sgt ELS. 90 sooSip On Wed fDg tas
tincluding $780, 900 held over from the
9th Of December) and $3.50, 900 on Satnr-
to ship ana the difficulty n obtaining
legal tenders are the apparent obstacles
to larger gold Withdrawals.
Deesmber gross railway earnings are
are concerned, for only one month showed
a larger gain. The increase in December
ber 'as a1itho ugh the volume i1u os'o Of business Isl ts9ss' IN
each. of these months was larger. Total
earnings of 100 roads for December We're
1894. Viii While I for iss5 the I total Sa p Earnings n Of
40 roads. with 100. 900 miles of tracks, were
$50, s72 1892, a gain over 1894 Of So per
s ssos ears earni ,asEe n 1851 sGll9 Prom i { see Ct Il pen sn
osn5 Il l psS l Cent iur from sn0M isss' a The fall'lR aETge st
s Were bfS S tie N ce asss 0s Westerns saeans q f0r per
cent; grangers, 7.6 per cent, and the
Pacific. - per cent. The trunk lines
per cent. and southern Ines 20 per cent.
The smallest gain is reported by the
southwestern roads, 2 per cent;
the Improvement Of last week. with an
upward movement in. live stock, pork
and other meats. lard -four. vneat, corn,
lion to these. firm prices are named for
coal. tobacco. print cloths, steel billets.
sugar. lumber, leather and hides. decreases
cum, in addition to the cut of 81 for south
ern pig and Csc. for eastern iron.
Exports Of wheat flour included as
s gnsas' th 1r0m week 1e'a am eSaa9s "a q s.47 rs Go u bneh1
els. as COMPARED with $685. 900 bushels last
week. 2.5S1; 90 20 by 9s h,, n + the week one
and 3.S0S. 900 bushels In the corresponding
Comparative prices for 100 staples,
for the following are higher than they
were m two and three years ago.
Mackeral m9lassss sugar raisins, Bue-
sheetings, southern pig iron, quicksilver,
southern coke, Pennsylvania coke, crude
and refined petroleum, naphtha. rosin,
s asllii fe0 acid, aainine 4 i rubber aci IN
addition, the following are higher in
price than they were one and two years
sgo;np e. 's,, peanuts, cotton On southern
per, lead, t~urpentine, glass. spruce. al
cohol and tobacco. In addition, rice,
~cranberries, currants and quinine are
and as compared with one year ago, in
addition to the foregoing, the following
are higher in price:-Flour, sheep, mutt
g silli iron ore, Bessemer pig iron,
steel billets, rails and beams, silver, tin,
soft coel, castor oil. bicarbonate soda,
o eenao of f g. stapls ssd aa1o hay any anG ~aa9 e ape 1oW.
er today han on January /, 1895; IS are
lower than " years ago, while 70 are
lover thar on January I, 1898, prior to
the panic of that year.
Bank ~clearings aggregate ST. 35, ooo,o os
this week, an Increase of about % per
cent. over the week before. and 10 per
ago, and even more than that as com
pared with the corresponding week in
1874 but 10 per cent, less when compared
cent: smaller than the corresponding
There are 44e business failures in the
United States this week, an exceptionally
was aog; in the week one year ago it
was 405, and in the corresponding week
obi 1ssf +, ] nha , after The pan Ods it was 4S4
prior to the financial disturbance that
The general industrial situation is
are there more unfavorable +. Conditions
than q week ago., while the idleness of
some steel mills and the certainty pro-
have produced a better feeling. The cut
Of 81 for southern pig iron is backed BY
the blowing out of three stacks. Woolen
stronger on the proposed increase of
duty. Cotton goods are firm, with limited
demand, owing to the position of raw cot
one-half from the lowest price, and the
former only about o~ne-seventh. Ship
ments of shoes nav increased, six New
England centres forwarding 100, 600 eases
within a week, against 10000 the week be-
fore and $1,000 in the like week last year.
From p. @. Dun & Co.'s Weekly Re-
view.o
tainty that business is somewhat retaSd-
ed. The proposed sale of bonds offers
ground for confidence In the future, but
no one is able to determine what its ear
Hest effects may be- In the money mar
hes tation rather than hopefulness. The
Treasury no longer makes known the
amounts Withdrawn from the gold re-
serve, which adds a little to the feeling
Of doubt, and the eutgo to Europe, about
question as to the outcome within the
time allowed for subscriptions to the
bonds Otherwise money markets are
undisturbed, although the demand for
commercial loans is small for the sea-
son, and rates are unusually high. On
10 per cent. is paid, which hinders trans
actions materially.
Speculation in products has not been ac-
tive, Cotton is unchanged. although the
yecelp1s Ior the week hay not been
in the. foreign demand. Wheat Is about i
cent. higher, and corn the same, without
distinct reason In either case. for the
government report taFdily conforming to
ago. aid not command great eat conf faDnaas
Wheat receipts. at Western points were
almost double last years. 2.505. 72 against
! .3@ ,f9i Last year. but Atlantic exports
We're q little larger than last year. flour
is q year ago, Corn receipts are aboat
a quarter larger than last wear. uhsfa