The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-10-02

clearing house.. yet payments through
The principal clearing houses - o ,sss bv 1t x
EperScert. for the week, ana ~ perxSene
+ forsSepiemherE NeWRYork makes settle-
ns4ts fors large Iarty Of &c &c t eoNn aiiy
was in September 500 s6A Qev ,againns.t
S13A.sa9 90 last year, s1S5 3lv, o0e n iSsa,
$12z, rs, 900 in 1873. and $i,o,5iI,OW IN lev, 80
| that the gain over the same month III Inc
best of past years is fI.g per cent: Rail-
road earnings, considerable decline IN gen
eral rates having occurred IN i've years,
are II per cent. smaller fort septemper
than in lss3, though 1s.0 per cent, larger
| thar last year. Easibonnd tonnage from
Chicago 252, $50, against ia, SO IN Septem-
| Der. 1872, shows an increase of ) per cent.
These evidences of reviying prosperity
are the more important because prices
| for most manufactured products nave ad-
| yaueed bui moderately, and are mucn Pc
low the level OF 1881. while speculative
markets are ait declining with curious
| niisuli,nity, as ii the large crops Wnlcn
make grain and cotton weak would MOI
| assure increased business to always
| nn! warrant better prices for stocks;
/ Ihs stock market continues the frst. real
| reaction for nearly five months, una tne
average of prices has declined ever ~ per
| share fgr The Week. Returns q earnlhgs
| ars highly ercouragings and fnere rs ~
| apprchtn si0n about money wn1cn Wouiu
| deter any 9xcept weak spectators. Littie
distortion is shown at present 10 resist
4 dcciine, and foreign investors wait Tor
| New York to lead. -
Speculation in wheat and cotton has
been set back b. bright crop prospecis.
The wheat Of $50 million BUSH
els. about s1 million bushels more maj
would be required for food ana seea,
leaving the smallest stocks FOR SIX years
without repienishment- was followed pg
! decrease IN foreign buying, n caused
| yec Western receipts Tor tour
| weeks were but Fl ,s2l, 554 bushels, against
q. oa4 for the same Weeks l aSa se srs
| Ie, 325.11e bushels, against S,lf6,st4 iast
year, while Pacific shipments are also
| heavy. and corr exports continue over
| 20 per cent. more Than last year Ihe
| Drjf.e of wheat has declined . cents, ana
4 Of corn nearly 2 cents for the week. dis
NAL reports about cotton have been ire
quent, but the market SHOWS s,d more nd 4he
| price has declined a quarter OIL q cent
! for the week.
Turning from speculative markets TO
~roducti industry, the change in tone
| IS Striking. All industries are pushed 70
| increase working force, With occasional
| rise in rate of wages by the growing ue-
\ naud. This Is largely for replenishmen
| OF stocks, but dispatches show thai retail
| trade at nearly all northern points CON
| tinues to expand. and dealers well know
1 that increase of working force ana OF
wages ensures a larger distribution OF
| goods. Anxious appeals for speedy De
| hveries disclose more rapid distributor
| already than had been expected, ana IN
| textile manufactures the works are him
! dered from taking as liberal orders as
| they might by doubts about futule
prices, though having enough to do f9T
/ some tir7e. The advance IN cotton goous
! has beer checked by the decline IN ma
| terial, but in wooden goods the advance
in prices has been small compared VIII
| the rise In wool, which rs helped by. strong
er prices at London sales. The dealings,
| mainly speculative, nave amounted TO
1 &c. sol 100 lbs. in four weeks, 4S,5I2,2UU being
domestic, but recent sales OF very large
lots suggest that profit taking may w
4 n6HHn. 49,
o markets have prospects Of fur
! ther demand for crop moving. but the out
90 from this city for the week is only
s .sOO, 600. A shipment of gold from sgd.
ney for San Francisco on English account
is reported, and the weaker tone OF for
eign exchange indicates other shipments
direct from Europe before long. Treasury
receipts in September rather exceed ex-
ports, and for the quarter have beer
larger than h last q, ysa r. tb sa alnlssd i States sns
against 2s9 last year., and "a in Canada
against IS last year.
fFrom Bradstreet's State of Trade."l
General trade is marked by increased
activity in wool, hides. iron and steel ant
their manufactured products, but bushes:
in the auarantined districts remains at 3
western distributing c~enters, in spring
wheat States, where business is reiatlvel,
most active. there is a check to the de
mand for dry goods, hats and clothing
FAVORABLE reports come from a region ex
] tendine from Knoxville to st. Paul ant
I from Omaha to Milwaukee,. The ten
dency Is to increase sst1m Thoss 81 81 ~
probable yield of cotton. -
The prices movement shows a long lis
of unchanged quotations his week, IN
ending various iron and steel staples
wool. hides, print cloths, lumber, nails
copper. pork, beef, coffee and sugar. In
creases are confined to a nominal advanc,
\ for anthracite coal, 25c. for Bessemer PHI
Iiron. fractional gains for leaf tobacco
naval stores, butter, lard and another al
vance for WOODEN goods. Potatoes nav
az the west. and cotton is of further
Lead is lower. as are corn, oats an,
-four. in sympathy with wheat, whicl
a reapspe Of nearly 100000 bushels in III
Uerid's visible stocks. Continued export
~ ~ Wheat and fiour at the rate OF I,VO,o 0
bushels ( aay I inere nlsdY the sA auantit;
naoai-lasf Week 1850, 600 bushels. The do
rnesf;c increase In visible supplies not GOV
cred BY oficial reports amounted 70 aooa
z's RE check in the movement of mer
hand;sa uointed out in .'Bradstreets.
fortnight ago, has finally had an inn my
voinme Of which amounts to sl,2lS,ooo, oo
his week. a falling of OF II per cen
from last wssk, 2 per ,s cent ar,a from . sra "a
corresponding notat III lssa anV tha q anrre
sponding total in 1890, when the yolum
h.,s;sess was heavy. Contrasted wit
tha total Tor the last week OF Septem
her. 1895. this weeks aggregate SHOWS a
increase of SO per cent. Z per cent. owe
1Res % per cent. more than in 1874, 81 Pc
cent. moro than in 1893, ana ~ per cen
IN excess of the like total in nyz.
Bank c~learing@ for September from IN
largest monthly total SINCE Janua,s
1885. just before the panic. agsfegadir
81 81 SS33. 332- an increase over angus.
vsrv large total. amounting 70 l4o T.
eea55 ana q gain over the .SeptemDe
footsi 4 wear ago Of 5A.5 per cent. Yer
sNhaary ciearinRS at New YORK aeeonn
Ssr 4 large portion Of the increase SHOW
over August and over Septen.psr z yEn
ago. that over the latter pefio9 q ES,
y,,rk being over 81 per cent. E1ciauiH
New York City, the gain over SepicIaot
= year ago is g per cent. = iarges
increase Is in the middle states groul
a1.t the New England
ithwester a n far-western groups
%ifies report increases IN excess o.
ner cent. The slow movement OF cotto
ana the yellow fever quarantine az Il
south are responsible Tor q Ieiaerve,
smaller gain at Southern cities. TOT
rlcnrfnes for the nine months aSsrega
$40 0S3. 3I3. $50, a gain over last year I
! S,A per cent. 80 =.
Speculation in stocks at New YORK M
haen re~actlonary In tone, with llquidatio
al weak holdings. lack OF public puylI
, and aggressive selling by bears. i@aIt
4 ;nterestg stood aside, but at the enc I
the week are again buying at the q
5 dimes. the tendency being toward u =
coverv. TIL expectation OF gold impor
Is again a bullish factor, demand ste
5 ling being weak at 4.S4M-