The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-06-19
THE BUSINESS OUTLOOK.

THE BUSINESS OUTLOOK.
[From Bradstreet's Estate of Trade."]
There are encouraging features in the
general trade situation this week, the
most conspicuous of which is increased
orders for staple goods for fall delivery
in a few lines, notably clothing, when,
at Chicago, Baltimore and a few other
centres promise to exceed the movement
of a year ago. The more cheerful feeling
among manufacturers of iron and steel
is based in part upon expectations 81 a
revival in demand. Encouragement IS
also derived from the advance in raw cot
| ton, and of lice. on print cloths, which
marks a reaction from the lowest price
! ever reached. A moderate increase N
| demand for foreign woods is the specula-
| tive outcome of the increased probability
of an early settlement of the tariff cues
ton. Southern crop reports continue
Texas, where the demand for staples has
improved.
Stock prices at New York have had a
| further advance. with considerable ac-
| tivity, the renewal of speculative interest
| by the public being a conspicuous circum-
! stance. TIL advance has been led by the
| portions Of the list participated. Good
| crop news, the anticipated passage of the
tariff and symptoms of business revival
are the factors in the movement and the
| basis for an assertion of bullish conf
| dence. London is inactive, owing to local
| causes, but shows a favorable sentiment
! toward American SUCKS. EACndiSSf IL
firm at 4.S7Na4.S71s for sight sterling, and
500, 600, gold, has been shipped to Europe,
Exports of wheat flour included as
wheap from both coasts Of the United
| States and Montreal this week increased
! sharply. amounting to 2,547, 319 bushels,
| compared with 1880. 900 bushels last week,
| 100000 bushels in the corresponding week
| one year ago, 2,S57.0 600 bushels two years
ago, 1927 600 bushels three years ago, and
as contrasted with 3,553,00 bushels in the
second week of June, 1888. Exports OF
T. H. @%-x aJf141 fhiC rrnak q Fnn11n
| ing to 1924. 900 bushels, compared with
s, 1893, 900 bushels last week. 10000 bushels
in the week one year ago, SoS.00O bushels
two years ago, 4IS,000 bushels three years
| ago, and as contrasted with S49. 600 bushels
in the corresponding week of 1888.
Prices this week did not carry out last
weeks promise mise OF 0rot q general al a tas and
| coffee, -four, wheat and oats, Tor Bes-
| semer pig and for steel billets. I'm
changed prices are reported norl a foT maya nayai
| and in addition to a nominal advance
| in anthracite coal. the only noteworthy
| gains for the week are for cotton, print
| cloths. northern pig iron at Chicago and
| Southern pig iron at Birmingham.
THE weeks bank clearings aggregate
| s.054. 0Oo, 600. nearly 5 per cent. more than
| than in the corresponding week in 1896,
| but 3 per cent. less than in the like period
In 1895, when there was a moderate trade
expansion. The weeks increase con-
frasted with the corresponding total in
| 1894. when trade was greatly. depressed,
arrounts to % per cent, and he increase
1se3 IS "a per cent. The net gain this
week over a year ago is all accounted for
at New York city.
! fFrom r. G. Dun & Co.'S weekly Re-
view.')
The retarding influence of cold and UNI
seasonahle weather has passed. The gain
\ in business which In spite OF II was seen
a week 9 has become clearer dear 70 an:
9Th an uplifting of prices before the pro-
d,,Nng force has become fairly employed,
this does not, and the buying OF t,oW oales
onerator. n advancing prices for stocks,
are only proof that the actuai cqnoillons
There is evidence of gradually enlarging
business in every important department,
more establishments have peen SCI az y
while prudence still .hinders speculative
excesses the progress toward better
things is unchecked. Reports from me
eral progress, and a continuing large dis
~ftribution through retail trade.
The proof Is clearer. as It should BE- Y
tHe Industrial than in the trading held
Contracts providing for consumption q
sewn million tons iron. ore have already
been made. 100000 within the past lori lori.
contracts only terminated about twe
x remarkable return of foreign trade
comes for April, showing an excess q
imports over exports Of only 1,509, 343
while net exports of gold less ore were
about 50, 500, 900, and of silver $l6O0. 000. This
was in spite of an increase of 81 per cent
In .dutiable imports and "a per cent. II
customs receipts for the month. Exports
were l1.2 per cent. larger than last year
and it is especially noteworthy than out
side the principal farm products the ex
norts Increased more than Is per cent
Since June / imports have not been re
markedly large, and the rush seems :
have passed. In nine weeks ending Will
May imports were over 4! per cent. largel
and exports Z per cent. larger than las
year. But in two weeks of June import
!. at New York have been is per cent. am
EXPORTS IS per cent. larger, which, If con
tinued through the month";, would mean
large excess of exports.
Stocks have been SO strong that cheal
traders are scared. There. is a public
and when it buys or sells the street ha
Exceeded $4,000 shares, and prices, afte
some weeks rise, had half a days reac
fion on wednesday,, only to rise agail
nearly rs cents per share on Thursday
J I Railroad earnings are encouraging, i
| and only Al per cent. less than in 1892, an
tonnage shows Improvement, especiall
III Westbound iron products, glass, suga
and farm machinery. Failures in tw
weeks yss9ast ss ss.ses' 81 5 'ass year 70 g & 'isl,s4i T IL Il &
same weeks of 1885 exclusive of tn
t Gordange failure for IS, 16e, 900, and S.
' RI. OPS IN 1894. Manufacturing were 81,
0Vs,s5s against sl,s15,s7l last year an
trading we're r. ;I T,aoz:Vo ~ a H. sell III hs o !
9 heen isS in the United States, against n
: iasf year, and SO In Canada against Is las
year