The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-04-03

tiIizers is reported in the South Atlantic
States; interest in lumber and shingles
coast, and Galveston is exporting cattle
70 Europe direct. The most favorable
trade reports are from northwestern
sIring wheat States.
There are 4,042 business failures in the
United States reported by tBradstreet.s'
4,5l2 in the first quarter of 1896, a falling
of of about IL per cent The decrease is
reported from all sections except New
England and the territories. The larger
number of Eastern State failures are
small ones, for total liabilities of those
failing in the New England States are
about % per cent. smaller during the past
quarter h a year ago Liabilities of
all individuals, firms and corporations
which failed amount to $50, 513, 000. a fall
ing on OF l6 per cent. from the cores
ponding total last year.
Special reports to "Bradstreet's'' from
% cities, with reference to revival in ac-
tiyity in Industrial lines. indicate there
are az work at those centres probably net
to exceed 10e.0 600 in excess of the number
employed in November last. The in
creases are largely among employees of
manufacturers of wooden goods, shoes,
clothing, machinery, engines, agricultural
implements, bicycles. carriages. furniture.
preston Still exists among some branches
OF the Woollen goods industry, in coal
mining and cotton goods manufacture.
Bank ciearings for March at So cities
throughout the United States show an in
March one year ago, the first monthly M
crease over a corresponding total one year
ago since April, 1896. The March gain
over February this year is IA per cent,
but the decrease from the January total
IS 90 per cent. Comparea with March. 1895,
March this year shows a gain of more
than 4 per cent, and with March, 1894.
it is nearly IL per cent. but compared
with March clearingS in 1898, two months
prior to the outbreak of the panic, last
months total shows a failing off of q
per cent.
This weeks clear:ngs, amounting to
1906, 000, 900, are 2.3 per cent, larger than
the total last week, 5 per cent. smaller
thar that in the week a gear ago, 10 per
cent. less than in the like period of 1895, 4
per cent. less than in 1894, and Is per cent.
less than in the last week of March. 1898.
The fact that the railroads are not dis
posed to permit any rate ware to grow
out of the Trans-Missouri decision has
given a better tom to the New York
stock market. Any upward progress of
prices was. however, interrupted by the
extreme weakness in the coal stocks, par
ticularly Jersey Central. Heavy liquida-
ton in that stock is attributable to re-
ports of a dividend reduction by the di-
rectors next week. The European DO
litical situation keeps the markets there
in check. and wal rumors have been used
ILL O4A4C C1ACCL NY lliC DSdlS mere. III
latter element have been active in the
absence of public interest in speculation.
but the market at times seems to be
oyersold. Industrial stocks are quiet
pending the outcome on the tariff bill.
Foreign exchange is dull and a shade
lower, at 4.S7@4.S7A for demand sterling.
exports of wheat (hour included as
wheaD from both coasts of the United
week, amount to 2.464,64 bushels, com
pared with I,749.0G 0 bushels last week,
1853, 600 bushels in the week a year ago,
2.853, 600 bushels in the week two years
ago, 2,77s,o00 bushels in the like period of
1884, and as compared with 3,635, 900 bushels
in the corresponding week of 1893, the
largest weeks total exports of wheat and
flour since the first week of February last.
Exports of Indian corn amount to 4,970,-
127 bushels this week, compared with
5,S62, 900 bushels last week, 2,199, 900 bushels
in the week a year ago, 7S1, 900 bushels
two years ago, 1,2T4,0W bushels three
years ago, and as contrasted with 9H, 600
bushels in the like week of 1898.
From R. G. Dun & Co.'s weekly Re-
view.")
The markets are still waiting, some
sagging downward n others recovering.
There is much disposition to use the de-
cision of the Supreme Court against rail-
road combinations as an instrument for
has prevented a decline exceeding 81 per
share, n for trust stocks 20 cents per
share. 1t is largely a traders market,
and the substantial holders are not
throwing stocks overheard, while in spells
the European buying has influence. The
reports of railroad earnings for the
quarter nave been somewhat encourag-
ing. the aggregate having been, on roads
within the United States only, 81 per
cent. smaller than last year, and only
81 per cent. smaller han in 1898, and the
March returns have been rather more
favorable than those for January or
February. The vote of the House in ia
vor of a new tariff bill has made no
impression in business, since it has been
expected since November that some meas
ure of the same general character would
become a law. If the bill stands. with
its provision making new duties applica-
imports and Treasury receipts may be
for a time considerably restricted.
The course of foreign trade does not
yet support those who fear an outgo of
gold. Produce exports have indeed been
small. S1,000, 900, or ID per cent. less for
the week than last year, and for four
weeks only g, $50, 600, or rs per cent. larg-
er, but the increase in imports has been
about as great, for the week IL per cent,
and for the past four weeks only $500. 600,
or ga per cent. larger. The money mar
ket is in all essential respects unchanged.
although in each days buying or selling
on London account in the stock market
now gives a little impulse one way or
the other. The holders of boarded ex-
change are not anxious to part with it
at less than a comfortable profit, nor are
shippers of cotton and wheat disposed to
make any concessions. Rates of interest
are about as usual at this season. but
there is general expectation of a stronger
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