The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-10-24

and the lines west of Chicago are forming
an association to regulate connection,
agreement of the trunk lines. Silver,
after a slight rally, is weak, and declining
at 80 LIED per ounce in London ana
Mercantile collections continue as difli-
cult to make as heretofore, except in q
few of the larger cotton-growing States
rapid marketing Of cotton and Of wheat
has rendered funds more plentiful. There
is a disposition on the part OF planters
to hold Gotten for an advance an 18th t
cisco to India; the Tacoma and Seattle
lumbe and wheat export interests con-
tinue active; q large number Of
turing industries have started up, n
the outlook for the export trade Is such
that available vessel room has been en-
gagged for months in advance freight
rates continue upward
Total bank clearfngs in the United
States increased, amounting to Sl,047,-
900, COO this week, about 5 per cent. more
han last week, but 10 per cent less than
in the third week of October. 1895, and 10
per cent. Jess than in the corresponding
week of 1892. The Increase this week az
per cent. and as contrasted with 1898
1t is 13 per cent.
From R. g. Dun 8 Co.'S Weekly Re
view"
The event of the week has been the
sensational advance of wheat to So cts.
for cash on Tuesday, and a rise of 5Ls
cents, and its fall to, n on Thursday.
gmaIn nn'ssd n 81 On roy Friasy i The snscu,s rise was was
lers who imagined the advance had. gone
too far but was at botrom based on an
extraordinary foreign demand, which
has engaged grain vessels from all Pacific
as we'll as Atlantic ports for months
airy European supplies may be is the
point of doubt and speculation, but
none now question that shipments from
the Pacific coast to India and the de-
crease in Russian yield are important,
and the buying of enormous quantities
for export, with engagements of freight
Of European dealers. The political in
fuence of the rise which averages about
twenty cents at Western markets, is po-
tent in various branches of trade. CIV
the future and removing doub as to the
money market. Nor Is this influence les
sened by the reaction this week after
short sellers had covered, and elevators
strained to hasten grain forward. The
advance Of rates by the Bank Of Eng
land to 4 per cent. is meant to draw gold
from other countries for American re-
auirements, which it is evident the Bank
expects to be heavy. Shipments of gold
from Europe and Australia have already
been $40, 1888. 9G8, and actual receipts $751;
707, $40.
Speculation in stocks was stimulated
by the advance in wheat and the large
movement, and by political conditions.
TIT advance in railroad stocks averaged
si;S4 per share. and in Trust stocks s2.69,
with a general feeling that foreigners
will buy before long, that the unlock
ing of boarded gold win bring many
ment in business win soon make past
earnings forgotten. West bound tonnage
in October has been remarkably small,
except in coal, but east bound has been
large in hrPqdSflffc and nrnyfciOpc
though the Chicago statement for three
weeks covers only 1874, 41S tons, against
254, 22s last year but lake and rail- ship
ments are the largest since 1892. The
Lake movement is heavy because there is
less pressure han before to move ore.
Earnings in two weeks Of October have
been more favorable han In any other
month this year, So per cent: less than
last year and ga less than In 1892, all
though the trunk lines and other Western
lines exclusive of the Changers report
less than in September.
The most striking feature of industrial
returns Is the number of contracts con-
ditioned upon the election. These al
ready are enough to make business rather
Lively for a time. and many others are
pending which will probably be held back
until November l. The buying of mate
rails not only advances prices, but in
duces larger purchases of the finished
products without conditions.
The movement of currency to the in
terror has been only $500, 600 for the
loans has been dull. The volume of bust
ness shown by exchanges has been 81
per cent. less than last year and 9.6 pei
cent. less than in 1892. Failures for ff-
teen days of October have been 5 1881. 00C
against 1924 31 for seventeen days last
year, S 1853 al in eighteen days Of 1894
and 1872 800 in 1898. MANUFACTURER
were S., 560,695 against So, 93S, IT'S last year
ard trading were "a, 202, COS against So, 621,
$50 last year. Failures for the week have
been 214 in the United States against 2s1
last year. and so in canada against 3S last