The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-01-16

Highest Of all in Leavening Powers-Lasesr Us Cove Report
Rssis's
ABSOLUTELY PURE
ABSOLUTEEY PURE

mand. The lowest general average of
prices in 1879, the lowest for ten years
after tho panic Of 1879, came several
months after solid Improvement mad
begun. Many who are anxious to get
early hold on the market are making for
the moment lower prices than they could
afford to maintain. Some have secured
orders enough for months to come, and
begin to be less keen in competition.
Textile manufacturers are not en-
cDuraEed by the demand for goods, which
scarcely increases. though more print
cloths were sold than for many weeks.
But some mode of clearing away the enor-
NOUS surplus has become a necessity.
Lower prices are expected in. goods, and
slow BUYING Is not unnatural since got
TENDER H. print cloths per cent, bleaeh-
ed goods Sa to 5M and brown goods 2tla,
3 and 4 per cent. Though wooden goods
nous purchases Of wool BY large mills.
not In records, which cover for two
Weeks Of january 11,110,s00 pounds at the
three chief markets, against ISL, 600 last
purchases OF leather, including 10000 sides
ef grain; Indicate that some shoe manu-
~facturers are seeing their way to moro
astiye work. and shipments from the
larger than last year. Hides at Chicago
are Rh per cent. lower.
Clearing house exchanges for the month
thus far are less than ! per cent below
-t~0~ y S0A % 41Oa6l4 LIZ k6yH t Cttft
smaller than 1892, the year of greatest
prosperity. Railroad earnings and tom
mage for Jafaiary thus far are hight, ow-
ing TO western storms, but December re-
United States alone, only 23 per cent. less
than last year and S.3 per cent. less than
1892: The Pennsylvania and some other
reads have commenced to buy ra Is and
several costly improvements have been or
dered, the Columbia. bridge alone calling
for 1000 tors of steel, and d terminal Inn
.proyelnefsf for the Erie Will cost 81, 00U, GOO.
The money market, has been disturbed
by "a combination of large bankers not
to lend on call below 2 per cent, which
invited all sorts of financial institutions to
take the market, caused payment of bank
loans for some millions, and left supplies
or funds so, heavy tflat time loans were
sharply marked down. More was done in
commercial paper, though offerings in
creased but moderately. Receipts from
the interior exceeded shipments by 81, $780,
600. Experts continue to exceed last years
for the week 5 per. cent, while imports
fell 10 per cent. below last years. De-
cember exports of principal products,
f ther asz az mere asst OF s ~ ;ssSs S et6o5 FIX fur gf
boarded exchange. some of which London
is trying to renew, will not soon be K
hausted dn preventing gold exports.
A study Of monthly failures for three
years, to determine in what seasons they
are more frequent or largest in different
branches of business, will be found on
the page, and opens a field of the
greatest interest to merchants and man
iifacfarers and to lenders. Failures for
seven days of January were $4,371, 731
against S 1858, 00S in TBne days las year, S4,-
81, ISL IN ten days of 1895, and $9,041, 225 in
eleven days of 1894. Manufacturing were
So, 035, 80 against 81, s06,4 APO last year, and
trading were 50, 213, III against So, 6N, 0S8 last
Failures for the week nave been
455 in the United States against S95 last
year, and II ia Canada against 81 last
year.