The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-04-10

week d year ago, S14,o0o bushels two years
ago, Lag. 500 bushels three years ago, and
as contnasted with 90S,000 bushels In rhe
ike week or 1888.
E'rom Il. 9. Dun & Co.'S weekly Re-
view
Out of 4,0o6 failures with liabilities OF
$50, 1873 In the first quarter, "a banking
failures covered more than g fifth or
the amount, Sl2, 1850, and 3.S45 failures
With Liabilities Of S3s s45's9 or nearly
cording to branches OF business, leaving
only 5S7 failures and less than a fifth Of
the liabilities, S12,060.ol9, in branches Of
manufacture or trade not specified. Only
2 Of the Is manufacturing classes and
only A of the IS trading classes show lta-
bllitfes for the quarter larger than last
year, and only 5 manufacturing n .
trading show larger average liabilities.
For the month of March, only 8 manu-
featuring and A trading classes show
larger amounts than last year, and only
2 manufacturing and 5 trading show a
larger average of liabilities. In almost
every case, also, it is shown that the
ally large failures In that class. The
returns compared with those Of three
previous years disclose much improve
nlents already, and.a bright prospect for
A sudden collapse in the wheat market.
exceeding 8 cents in a day. appears. to
have no other cause than a belated per-
ception that past accepted estimates of
yield and consumption. official and other,
have been misleading. Floods and UNI
favorable weather for seeding lave 40
weight. The expectation of great
scarcity and high prices burst like a
bubble, and for a time the only sup
port was taking of profits by spectators
tor a fall. Facts have not warranted
hopes of a great advance, nor do they
now warrant much expectation of decline.
Western receipts are smaller than last
though over 60 per cent. larger than a
year ago.
The demand for cotton goods does
not increase, although sales of fair mag
dull, M an auction sale of 1880 pack
ages of cotton goods is announced. Specu-
lation In wool has been checked by the
possibility that duties nay take effect
April l. and some large shipments from
abroad have been eountermanded while
traders here are less disposed to sell.
more than hale the sales of IL, 739. 400 lbs.
for the week, and since sales in six weeks
at three markets have been IS 49,. 500 lbs,
It Is not improbable that many mills
have, as claimed, a full years supply.
After a week of dullness, which some
seized as an opportunity to depress stocks,
n those which had been most conf
IDENTIFY sold advanced from 81 to $3.50 per
share. The Supreme Court decision pro-
duces as yet nc such effects as were fear
and dreams of gold exports We're made
.lauEhable by the reduction of rates by
InG sank OF England, Wnlie railroad earn
ings are or the whole encouraging. Re-
ports for March aggregate in the United
States alone SIS, 500, $50, barely q enth of
! per cent, less than last year, and 81
per cent. less than in 1892. and are the
best since last June. Southern earnings
are. yer larger than In 1892. Eastbound
freight slackens with the opening of
navigation. but w~estbound Increases in
all lines. Payments through clearing
houses are 1912 per cent. larger than last
year. and only 1873 per cent. smaller than
in 1892.
Foreign trade has not shown the in
crease In imports which some feared. as
the excess over last year was for the
week but Z per cent, and for five weeks
past only 3 per cent. Expectation of large
imports is Somewhat modified. since the
provisions of the pending bill deter many
shipments. The weeks exports were UNI
usually light. but naturally increase after
navigation opens. Sterling bills waiting
here nave not vet been exhausted. ard
there are indications that the collapse in
Kafiir and some other specuiations, and
the uncertain state of Europe. nay cause
renewed Investment in American securi-
ties. For the moment there is very little
doing in commercial loans. Failures for
the week have been 252 in the United
States against 2A9 last year, and So in
Canada against SO last year.