The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-09-05
The BUSINESS OUTLOOK.

trade In seasonable goods. This extends to
some industrial lines, notably iron and steel.
Chicago sales Of iron this week are larger
than for all Of August, and Pirtsburg sales
are larger and prices better on the outlook
for harmony among steel makers. Demand
for shoes from western jobbers is more active
tnan al the east and the dry goods trade
regard the results Of the auction sale of
Spring goods at New York fairly satisfactory
Notwithstanding a continuation of high rates
| for money, with restricted discounts and
fewer time loans, there is a better feeling in
Of sales of seasonable goods has been at Chi
cage. mostly among dry goods and hardware
gain In demand, as does 81 Paul, where e
State fair has attracted visitors. Baltimore's
credits, but is still larger than one year ago.
Al the south relatively the NEST active de-
Nashville and New Orleans.
The most encouraging feature as to the
movement Of prices lies In advances OF quota
position and free export movement, higher
prices for iron and steel at Pittsburg and
Chicago, with a gain in demand and a further
appreciation in quotations for cotton on re-
newed reports OF damage to the crop. Petro-
leum ard leather are also higher. Print
while wool is steady after sales of considerable
lots at cut prices. Lower quotations are re-
ported for corn, oats, lard. sugar and coffee.
There has been no general increase In indus
trial production, the output, as q whole. being
smaller than previously during the year. Fur
Their damage to the Teas cotton crop is re-
ported, and the outlook for business in that
I Ssa5e csne lsas atfrl Tsnsas etv. Ds Omaha MI
waukee, Duluth and Minneapolis there is no
change from the dizziness and conservatism
which have marked preceding weeks. Trade
on the Pacific coast, except in certain ex-
port lines, is Of small volume.
August bank ciearings are the smallest for
any month this year. and among the smallest
ines for August were Ss.52s, ZIG. 24s. a decrease
cent. from the July total OF this year. and 1876
per cent. from February, 1895, the smallest
--.-+If- z&u 4Itc -6nr III Enfn ma rad with
August. 1884, only a fractional gain is shown
FOR last month and with August, 1888, during
group Of cities shows a decrease In August
totals from those one year ago. the largest
land and the smallest, being IS per cent, in
the south. The only large cities showing gains
are New Orleans, with an increase Of 4 per
larger cities showing decreases are New York.
As per cent. Boston, ls,2 per cent; Phiia-
delphia. II per cent; Chicago, ID per cent,
and st. Louis, 6 per cent. Total clearings at
-sixty-six cities for eight months aggregate
$50, ss1, 1876, s47, a decrease of IA per cent. from
the like total in 1895. a gain of H.5 per cent
over 1924. but a decrease of 10 per cent. from
change. the total being 1927, 900, 900 for cities
throughout the United States, an increase OF
Of 10 per cent. from the like week one year
ago. Compared with the first week of Sep
TENDER. 1884. this weeks aggregate SHOWS a
gain of 4 per cent. and an increase OF Y pei
cent. over the like period in 1888. Contrasted
with the corresponding week in 1892 the falling
off is rs per cent.
Easier conditions in the money market, the
arrival of considerable gold from Europe, the
continuance Of engagements for the shipment
~ sneeie from London, and, above ali, the
Vermont election and the apparent decline OF
free silver's chance Of success, have given
a strong and advancing tone to stock specuia-
ton at New York. The market Is narrow
and professional, however, without european
ment depends on the change in professional
speculative sentiment, the advances having
been well distributed throughout the entire
share list. The settlement Of the overspecula-
tion in local securities at Chicago continues
to give trouble. but has resulted in no fail
ures. Foreign exchange has been stronger on
covering of TRANSACTIONS by gold importers.
but is weaker at 4-s4Q4.sfA for demand ster-
Exports of wheat flour included as wheat
from both coasts of the United States and
from Montreal this week &c amSunt to S'sss. ~
D PSI. 600 bushels in the week a year ago,
3.207,o0o bushels two years ago, and 1902 in
the corresponding week three years ago.
From X. @. Dun & Co.'S Weekly Review"
There is a distinct increase Of confidence.
due largely to the continuing and heavy i'm
tary anxiety-and also to political events,
which are closely watched Wniie 1t aoes not
closing for want Of work, It crops out In
heavy speculative purchases of pig iron, wool.
who believe that a revival of business is not
far off. and for the nrSt time IN nearly TWO
months a slight upward turn appears Ii prices l
Of manufactured products. In money markets,
actual receipts of Sc. IN. 205 gold already. with
total engagements including these Of s24.6oo,oVe
have caused a decided change, SO that much
more is done in commercial ioanss though rates
are still high. 8 per cent being quoted for the
ne interior was about &. $4,000 more than re-
ceipts. The gain in confidence and in willing
ness to lend and invest gives reason to hope |
that the necessary replenishment of stocks,
which cannot be long deferred, may be liberal
enough to stimulate fair activity in trade and
The same spirit appears in speculation. |
Stocks rose an average of sos for railways
ing Of shorts. Western and Southern rates are
still Irregular with much cutting, but the tom
mage is large. from Chicago east bound in four
weeks POI, S24 tons against 1879. sol last year and
PIG, $50 in 1892. Earnings were poorer for the
80 per cent. smaller for the month than for
last year, and 15.4 per cent. smaller than for |
1892 but a revival Of business would quickly
change the situation. The disposition to take
good bonds, for a time almost wanting. again |!
appears to a moderate extent. and foreign
sales here are uninportant.
The starting of some woolien mills which |
have been idle, and accommodating orders for |
a short run. is still balanced by the stopping |
increase. Many dealers are still overloaded |
with domestic goods which they have not been
able to market. and the auction sale of SO, 600 |
pieces Arlington dress goods at prices averag- |
ing about 20 per cent. below recent sales hints |
at some accumulation of stocks by mills. i'm |
ports having supplied a considerable part of
the restricted No gain as yet |
speculative buying 81 wool shows belief that
prices will improve, and sales for the week |
were 4.377, 500 lbs, of which only 555, 100 were |
foreign much over half the domestic sales be-
ing of Texas and far Western States at prices
ranging from Z to 81 cents. Cotton goods are
growing stronger. more grades having ad-
vaneed. and though sales are moderate, there |
are more buyers, indicating exhaustion Of deal |
ers' stocks. The decrease in production by the |
mills is slowly reducing the stocks unsold.
Failures during August show liabilities of
SOS. 06S, 637, the largest in any month since
January. 1894. of which S2 7n0 $40 ne I
manufacturing. and s9,05s, COS of trading con- |
Germs Last year the aggregate was but So |
$3.50. Failures for the week have been SS4
in the United States against 1856 last year, and
81 Canada against IS last year.