The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-07-31

! ginning to show itself. A number Of the
large trunk-line railways report that they
are carrying more merchandise tnan one
two or three years ago.
Fewer bituminous coal mine employees
are on strike than one week ago, ana the
prospeet is brighter for a settlement o.
the differences between mir owners ana
the operatives. Fewer manuIacturing
PEELED to close owing to lack OF coal on
account of the strike, the principal check
being due to higher prices FOR fuel. iron
| and steel and the cotton goods industries
| are more u~nfavorably situated h al
most any other. Bessemer pig iron and
| steel billets continue at the lowest quo
tatiens known, the latter g shade under
sl4. awaiting the renewed demand which
has begun to show itself in staple lines
of merchandise. The shutting down of
| on hands has already stiffened prices. and
| with existing conditions in other lines of
business the outlook is for a better re-
guest ssosI II for the so saSly g go3ama ana T FER iroa ana fal
| ycrable feature of trade is its slow. COM
sentative, steady expansion.it being based
on the increased wants and larger con-
brighter than 1t has been for SIX years.
Practically the only decreases in quota
tions this week are for iron and steel:
prices of pats and print cloths are un-
changed. The lists Of advances is long
err and more significant, including prices
Of wheat. -four. Indian corn, lard, sugar,
live stock, cotton, wooden goods, lead and
nails.
Bank c~learings throughout the country
continue the encouraging exhibit made
for several weeks past, the total being
S1,043, O00, Q00-about 5 per cent. less than
last week, when the total was Z per cent.
more than ag In the week " i before Cent But 1ar sniT
than in the last week of July, 1896, and IA
rer cent. greater than in the like week
IN n iTs1, al and iH ste ai'sn which m marked e that
summer. When contrasted with the
fourth week of July. 1884. a period of eX-
treme. business depression, this weeks
total is found to be "a per cent. larger,
and even when compared with the like
total In 1898. during the panic, 1t is II per
cent. larger. Perhaps as interesting q
which shows this weeks c~learings to be
8 per cent, greater than in the fourth week
of July. 1892, a year of exceptionally large
There are 259 business failures reported
throughout the United States this week,
rather more than the average in recent
weeks. Last week the total was 220, in
the week last year it was 294, and two
years ago it was 221, but In the cores
ponding week in 1884 1t was 220 n in the
like period OF 1893, 459.
Activity and increasing public interest
in speculation have been supplemented by
foreign buying of stocks n favorable
views of the effect of the crops on rail-
road traffic and earnings. Realizing sales
and professional bearish manipulation,
however, follow the ending of uncertainty
about the tariff, and Irregular concessions
appear In the grangers and other stocks
that lead the previous advance. Atten-
tion is transferred largely to the coal
shares, the southwesterns and the low
priced securities which nave been the bull
ish feature. American sugar interests
are described as dissatisfied with the new
sugar duties, and that stock is irregular
at concessions. Gold shipments this week
are S $1,000 900 and exceed expectations,
while exchange holds firm at 4.SlQA 4-S71a
on scarcity of actual bills and demand
for remittances attributable to the ex-
traordinary imports in advance of the
new tariff. Silver this week touched the
lowest prices on record, due to large Offer
ing and decreased eastern demands
[From r. G.. Dun & Co.'S weekly Re-
vfew."1
Dispatches from almost every northern
city of Importance report without excep-
ton improvement in business. and from
Detroit to Seattle and Portland, splendid
crop. prospects. The stock market was
expected to drop off with realizing after
The wheat market seemed to have met a
reaction, but has been moving upward
as rapidly as before. Money markets
declarations of the President and Secre-
tary Gage. The task of adjusting the
business and industries of the country
10 C00ulllOlS cI6ctcd ny u nCN law AAao
progressed with gratifying rapidity and
ease. Even the increasing strength Of
striking coal miners probably forwards
the adoption of the uniformity plan.
causes of such struggles. Some confusion
is caused by events seemingly eontradic-
when many other works are starting and
by decline in some prices when others
are advancing, but the balance is unmis-
takably on the right side.
Tho rnaSf inn l0rt1nf event since the EAS-
sage of the new tariff, which was gener-
aliy anticipated a week ago, has been the
marked increase IN foreign demand ana
risen AZ cents during the week, with
Western receipts for the first time ex-
ceeding last years, and Western railroads
besieged for cars, and with Atlantic ex-
ports of It's, 73S bushels. flour included.
for the week, and 6,S51,1 ITS bushels in four
weeks, against 6,917, 865 last year. With
heavy contracts for shipment. exceeding
j. POO. 900 bushels on a single day, Liverpool
reports of a shipment from America to
Northern Bohemia, and French markets
influence. The fact that corn exports ex-
coed last years, although the price has
advanced to 32.S7 cents. is further proof
hat foreign demands are substantial.
Western dispatches show, producers may
probably realize something like $500 900
more than last year on wheat. which
agricultural States. Corn also advanced
l.25 cents and cotton a sixteenth, though
reports as to yield are good.
Peculiarly significant is the fact that
the stock market, although nearly all the
powerful influences were looking If not
working for a reaction, and sales by
foreigners and realizing Americans have
been very heavy, declined not half a
brokerage on the average Monday and
Tuesday, and rose on Wednesday and
Thursday, new purchasers far over
matching heavy speculative sales. Great
confidence was shown because of crop re-
ports, improvement in earnings, rapidly
increasing pond purchases, and the plac-
ing of $40, 900, 900 New York bonds on a
basis of 3s cts. July earnings, in spite
of small grain traffic at first, about
eaualled last years, and were only s
proof of the volume of business appears
in bank ~clearings, for the week 81 per
cent. larger than last year, and Z per
cent larger than in 1892, and for July Is
per cent. larger than in 1892.
The Industrial sky is partly over cloud
ed by coal and iron difficulties, and by the
closing of some large cotton mills. Hav-
ing run for months far ahead of consum-
ing demand, on cotton bought at COM
paratively high prices, the mills see ahead
q large crop and cheap cotton, and 1t is
but the rational way to halt production,
clear off accumulated stocks at the season
when vacations are common, and begin
the new year On its. own basis. The
monthly average for cotton has risen
every month since January, but all pros
poets point to a yield exceeding last
wears which depressed the price from
S.57 cts. In September to 7.19 in February,
and the demand for goods, though now
Improving, is retarded by excessive stocks
- La-