The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-10-03
THE BUSINESS OUTLOOK.

fFrom Bradstreet's state of. Trade"
Cooler weather and continued purchases ny
interior merchants, notably West and South,
continue the slight Improvement in trade re-
corded IN preceding weeks. Merchants at pri-
mary cotton markets aud at larger centres in
the spring wheat region report a better move
nent Of staples, due to unusually heavy re-
ceipts Of those crops. Throughout the Central
West including such points II Baltimore,
cincinnati, Chicago and St. Louis, the volume
Of trade falls behind that OF a year ago in
Scme instances. bat is equal to it in others
~ Eastern centres the improvement is seen
IN greater ease in the money markets and
more disposition to discount commercial paper,
although al unchanged rates. Wholesale mer-
chants report 8 better feeling very generally.
but few anf{cinafe INV r,.+e~t.1
the volume Of business this month.
Mercantile collections continue slow and as
dtDicNlt 70 make as heretofore, except in the
cotton States and at some points in the North
west, where heavy crop receipts have enabled
anlerior merchants to ~liquidate long-standing
accounts fhe more conspicuous demand at
larger interior cities Is for dry goods. cloth
ans, sho@s hardware. leather and lumber.
Iaefe IS also a better demand for pig iron and
Tor steel. Business in cotton goods has been
checked BY the advance in prices, and mill
stocks tend to accumulate again. .
F5r the third week Ia succession prices for
come OF the more important staples continue
upward, notably for cereals. wheat alone hay-
ing advanced more than l3c. per bushel within
: month The worlds statistical position OF
wheat indicates a return Of some Of the con-
oltions OF 3s3s-sl. which resulted in heavy
wnsat exports from the United States at rap
taiy advancing prices. Quotations for leather.
tumoer, wool and for naval stores are also
higher The decline in cotton appears dine IN
extraordinarily heavy receipts at primary mars
kets. in addition to which there are more i'm
pertaht decreases for sugar and petroleum.
fotal bank ~elearings for September amount
TO S,b64. 600. 900. a decrease Of more than II nor
cent compared with September. 1895. For
nine months Of the current calendar wear The
c~learings aggregate s37. 0s5, coo. Goa. decrease
as compared with the corresponding portion
q 1922 Of rs per cent. The latter decrease IS
exptalned By the moderate revival in trade and
IN industrial lines which characterIzed fha
period from March 70 September. inclusive. ia
The New York Stock Market is strong. and
aayaneine IN The face Of the rise Of exchange.
taf stoppage Of further gold imports and the
disposition Of professional operators to real
ne pr0hts. At concessions in the market
s19eks afe IN good demand. and public inter
est IN speculation is increasing. Maniprlative
peols are at work in many leading stocks.
F9relgn exchange is strong at As5 to 4.S5L far
eelnsnn sterling on repayment Of sterling loans
aHe = s'aiafier sappiy OF commercial bills.
From r. O.. Dun & CO.'S weekly Review :.
The complete report OF failures for he
q1a5ss1 Wniea ended with "Wednesday shows
nucaa causes were not Obvious III n4mher
~ per cent less than IN the panic quarter 81
iesS. taDnres for the quarter show liabilities
all per cert. less, amounting IL se W ia
AGAINST Ssf seS,sSz in the previous half year
manufacturing liabilities We're SCI. 45af as af
q. Der cent. greater than in the same ouaTter
81 laass while trading were s2S. 7s. 2i7 ana
etnef coadtnercia}s were $i2eS7 226 ~, shfa
must be added SHIP $50. iiaBiiifies IL afsv
nearly 81, u5D,fp0 for j single quarter casn-
parsons are given showing that In only six
quarters IN twenty-five years have arfau,fekI
liabilities been as large. that the ratio N
solvent business has been Sc .06 per a 00
against x2.A for the same quarter last year.
been $685. AGAINST S@.sz last year 81 nc
proportion Of increase has been ereatest ia ire
Western States both n amount and IN average