The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-05-29
The BUSINESS OUTLOOK.

I
(From Bradstreet's state of Trade.")
Results of the spring trade in staples,
volume Of s~easonable Merchandise dis
tributed is less than expected, Without
taking into account an Improvement In
Nearly all Central Western and Southern
trade centres report business very quiet.
Pry goods ontinpe depressed. cotton pro
1 ties only In concessions. The announce
| ment of reduced or passed cotton-mill
lishments viii shut down to enable con-
sumption to overtake production. when
coupled with the comparative indifference
OF TO the lowest prices on rec
ord for iron and steel, would appear to
| sufficiently characterize the actual condi-
| ton of general trade.
tive activity among wooden goods manu-
facturers. who are working on ,old or
leather; q continuance of the comparative
yannah. Memphis, st; Louis Omaha.
the better demand for lumber at the West,
and in the trade outlook in Louisiana,
Mississippi and Arkansas. Increased ex-
ports, bur there is comparatively little
gain in DOMESTIC trade there. except in
Grain and fruit prospectus In Washington
Among twenty of the more important
wheatIhave advanced. While one-haf
the number-cotton lumber. coal, Besse-
mer pig iron. steel billets, steel rails. print
changed, although there Is a nominal ad-
vance In the asking price for Bessemer
pig and steel .billets. Now that wool
off, as are cotton goods when sold in
quantity; rosin Is lower, and among
1 which NAV he added lard and nptrOlpum ~
The fact that the volume of general
Ibr n has not been expanding is nowhere
bank clearings at 1s cities throughout, the
country. The total for six business days
ending with May q, none of the details
are received by wire. is ss1s. 900 900, a fall
fore, and of about one-third Of I per
cent. from the total in the fourth week
of May. 1896. As compared with the like
week in 1895, this weeks aggregate shows
an increase Of Il per cent, and when con-
like total in 1893, the falling off this week
i nssaaea with the corresponding period in
Speculation in stocks at New York is
bullish tone prevails on the belief tina
the Senate will act promptly on the
tariff, and tina the adoption of a pooling
bull Is more likely since the Supreme
0O N4o oSAiy Ait5 lAC 1lLCloldtC
Commerce Commission right to arbi-
trarily fix rates. Improving crop pros
poets create a bullish feeling on granger
railroad stocks. Shorts have covered
literally, but the stock market lacks out
side buying power, though London advises
indicate a more favorable sentiment re-
to be exported. 1913 0 900 going this week
IN the face of a weak exchange market,
demand sterling being down to 4.S6A@4.S7,
The movement Is explained by special
nr6 ~ n "A wi ~ rc-fa n 49,
and by creation of large credits for
American tourists in Europe.
Exports Of wheat flour included as
wheao from both coasts of the United
amount to 2,081 1926 bushels, compared with
2,655,Q0o bushels last week, 1904, 90 bushels
inthe week a year ago, 2,401, 900 bushels
9 $4,000 bushels In the like week of
1889, Exports of Indian corn also show a
falling off, amounting TO 2,1S5, 1913 bushels
week, 1.72O.0OO bushels in the week a year
ago, 1,040. 900 bushels two years ago.
$4,000 bushels three years age and as
| contrasted with l,0s0.0 900 bushels in the
[From r. G. Dunn & Co.'s Weekly Re-
view.nl
PeonIe are actually doing more business
| than they realize. They reckon by values,
| but these are much lower than in any
previous year of prosperity and leave
little margin for profits. In quantity,
| done as in the years of greatest pros
| perity, and though the increase in popu-
lation would call for a material expan-
| sion, the comparison Is not discouraging.
The recover is slow, hesitating and
gradual, but more has been done on the
whole In May, than in April, while re.
business only 10 per cent. smaller than
| that of. the best year heretofore. Yet
hesitation Is doing its work every week..
and multttudes are waiting because 81
be swelling the demand for labor and the
products Of labor. Exports of 81, 800, 00G
gold cause no alarm, as they are obyi-
ously the results of the premium paid by
Russia, n it is well understood that
goods imported in May, thus far 81 per
cent. larger than last year, are supplying
of products. in May thus far 27 per cent.
larger than last year, will much increase
within two months. The Treasury is
gained $4,000. 600 from the interior during
the week, and has no apprehension. The
encouraging increase in the demand for
commercial loans still continues in volume
as large and in quality of paper offered
even better than last week.
Events have proved that the crop of
wheat going out lis much larger than any
of the markets expected, and Western
receipts for the week were 30 per cent.
larger than last year, while Atlantic ex-
ports have been for four weeks 6,315, 329
bushels, flour included, against 1888, III
last year. At this season actual receipts
count rather h predictions, and the
truth is that the country has exported
an extraordinary quantity of wheat and
-four, and yet has SO much to spare that
the May-option has declined nearly a cent
for. the week.
Manufacturers nave especial causes of
delay. owing to the possible competition
with foreign goods largely imported, but
there has been no setback in prices, al
though cotton goods are dull without
| In rra dornanA and pripf cloths aro OF fha
bottom price. 1t Is evident that produce
ton far beyond the consuming demand
has forced the industry into a waiting
latitude. Distribution of all dry goods
Is at present retarded also by cooler
weather than is usual at this season. The
wooden mills are producing more than
they have done for years, though much
less than they could or would like to
produce,