The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-10-30
fHE BUSINESS OUTLOOK.

from Bradstreet's State of Trade"
General trade retains most of the fear
lures OF a week ago, WITH Q continued
CHECK to the movement or staple nnere.iai,-
disc Al larger Eastern aug Sen g J
have not eQualed expectations, ana ae
none of those points has the volume OF
business increased. AT Chicago, 81. LOUIS.
there has been q decrease in the volume
OF business III some lines, due IN part 10
unreasonable weather and IN instances to
the continued quarantine OF yeAoW lssst
districts. Some jooDers at cities winch
Southern merchants have delaSed
sending out travellers and in instances
haYe called travellers home, Mercantile
collections are slower. fllilg-in orders
are smaller and more infrequent, bus
mess in staple lines for the latter nail
of October, aside from that in Wool ana
metals; has been somewhat dlsappoanslh1g
tiYe,y more favorable reports rs 10 traue
although at Milwaukee and M~inneapols
mild weather has checked distributor.
Nearly all Southern cities. except y lew
In Texas, Arkansas and Georgia, continue
TO feel the. Influence Of the yellow fever
quarantine, the extremely low price OF
cotten and delayed collections,
Consumption of iron and steel continues.
heavy, but mills refuse orders fol 1888 de-
livery, in The belief that the cost OF max
Ing iron ard steel will be higher. WOODEN
goods continue Iirm and in fair demand
and With an upward tendency, but cotton
fabrics are weak and the market is he4.y-
iiy stocked. Wheat is again above a dol
lar, on continued heavy exports. Our
wheat export movement, a~ggregating
more than iu,Ge, 900 bushels within thirteen
weeks, is unprecedented and points to a
keener appreciation OF The SIatistieal
strength OF wheat by European importers
thai by many American traders.
The advance in wheat is followed at a
distance by higher prices for Indian corn.
oats and wheat -four. practically the only
advances in staple quotations this week,
though WOODEN goods and shoes both tend
higher. Frinleleths. hides. coal; iron,
in price. while decreases in quotations are
practically confined to cotton, lard, beef.
Coffee and uga The excessively low
price Of cotton is based on the popular es-
Inmates Of a Gotten crop OF not less than
IL, GEO, GO bales.
The check to the movement of nier-
c~fsandise. which s'Bradstreetis' has point
ed cut for several weeks. now shows it
self in the bank clcarings returns, the
total volume of which is 81, 191. 900, 900 this
weeks per cent. less than last week,
last week of October, 1896. the week be-
fore the Presidential election. This weeks
total is only 10 per cent. larger tina the
corresponding aggregate in 1885, when
there had been a reaction after The little
boom in the summer and early fan of
that year. The increase over the like
total in 1884. a period of extreme depres-
sion in trade, is 20 per cent. and there
with the fourth week Of October, 1895, a
month after the panic. The increase as
contrasted with 1892 il "A per cent. and
with 1891, IL per cent. When compared
with the corresponding total in 1890 the
weeks aggregate shows a falling oil OF
nearly 5 per cent.
The New York stock market IS very
apparently awaiting the election. 1t
is altogether professional in quality and
says irregularly lower, with brief raj
hension of Cuban complications have af-
sected the market, and favorable western
railroad earnings fail to rally II. The
Union Pacific sale, and the .syndicate's
agreement to pay IS. 900. 900 additional to
prevent such action, caused heavy iqui-
dltion in the stock and other securities
nf that company. Foreign exchange has
heen firm, demand sterling rising 10 ASA
and 7eacting to 4.S5A44.s5la.