The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-10-24
The BUSINESS OUTLOOK.
From Bradstreet.s Estate OF Trade ;.

from Bradstreet's state of Trade"
General trade continues along conserya-
tlve lines, buyers and sellers preferring
70 defer business until after election
iraoers are more hopeful as to the out
LOOK Tor business later in the year and
next spring. The reaction in wheat prices
after an advance of &c, is the natural
result OF a desire to realize profits, an
mously heavy receipts of wheat at nrjm-
airy markets caused by higher prices.
comparatively small stocks of wheat in
importing countries, a decrease in the
worlds total production Of wheat for two
years In succession, unexpected short
ages in Russia, India, Argentina and Aus
tralia, n only am average crop in the
United states, are interpreted to mean
that the price of wheat will advance fur
Their.
Total exports of wheat (lour included
as wheat from both coasts of the Unified
States and from Montreal this week are
not quite az large as last week, or for
four preceding weeks, but are heavier
than in corresponding weeks in three pre-
ceding years. amounting TO 3.S23,00 BUSH
els, as compared with 4,156. 600 bushels last
week, 2,656, coo bushels in the corresponds
ing week one year ago, 3,353,000 bushels
two years ago, 3,327 900 bushels three years
ago and as contrasted with 4,07s. 900 bush
els in the third week of October, 1892. Ez-
ports of Indian corn continue heavy.
amounting to 2.SS 900 bushels for the
week, so per cent. more than last week,
more tldli Twice. DIS MUCH as IN the week
one year ago, thirty times as much as
in the corresponding week of 1894, n
three times as much as was sent abroad
in the Like week of 1899, and in 1892.
Corn prices ~sympathize with wheat quo
~tations, and the only other two prominent
| products, prices for which are lower, are
apples and ~cottonseed oil. The firm
practically unchanged prices for pork,
lard, coffee, sugar, cotton, refined petro-
| leum and copper indicate the strength of
the general market, while advances are
reported for wheat-iour and oats, for
butter, cheese and eggs, and for canned
| vegetables and dried fruits, among food
! products; for wool. leather, print cloths,
| and for pig tin and crude petroleum. In
| terest i7 iron and steel products lags. but
prices are firm, buyers evidently prefer
ring to pay more after November 3 than
| TO order now. 1t is noteworthy that while
I higher prices after election are not pre-
| ticipated for any staple.
Stock values at New York ave advance
| ed on professional operations. rejecting
| the expected political outcome and the
! favorable grain situation. There is little
| public or foreign support. and large In
| terests are generally conservatives in view
| Of the uncertain condition of the money
premium is still paid for gold, and small
but steady Withdrawals reduce the gov
/ m specie reserve. while the adj
vance IN the Bank of England rate, the
rise of discount In London and the har-
| dening Of exchange cut of further gold
/ imports for the time being. Demand
sterling IL Asa to 4.84A. Total gold re-
| oeipts since August are $57, 600, 900. and
Western railroads are choked with grain.