The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-06-05

in wool and lower prices for cotton goods.
wheat and wheat flour, coffee and petrol
ssum ,I practically unchanged quotations sottons
pork and lard and higher prices for iron.
steel, corn. oats. 6 and rosin.
week that the most 6uliish aspect of the
wheat situation is found in a decrease OF
81 ,00o.o 900 bushels June j compared with
Canada, afloat for and in Europe. one
year ago, 100000 bushels compared with
two years ago. 6S, 000, 900 bushels CONTRAST
bushels compared with the total June /.
1898. On the other hand. supplies of
wheat aaoat for and in Europe actually
are II, 160.0 900 bushels larger than one year
ago.. If the June decrease in the worlds
wheat stocks equals the average in re-
mo to only 5000, 900 bushels, o,000,0 900
bushels less than one year ago, 100000
bushels less than two years ago, 6l,000. 900
bushels less than three years ago., and
1000. 900 bushe less than IN July /, 1888.
BradStreet's publishes today the results
of the most important statistical investi-
failures in various lines of trade, 1t
covers the past three years, and the
of Its results presents the total
number of failures in lines of business
in which there were ten or more annually
during the three years named. Purely
commercial eaT enterprises; wholesale Y and re-
r - ~ " ttto
business failures each year n manufac-
turing ADVERTISEMENTS about 20 per cent.
ures in 1896 compared with 1885, LBS, or
more than one-half, were of retail COM
r~iercial concerns. The counting of the
corporations in usine in 81 groups of
the more important lines OF trade Is an
unprecedented work. These totals con-
population of the country in these lines.
and permit. with the totals of failures in
these lines, the calculation of the COM
ines of business specified. This record
shows that in 1896 " out of every LOCO
clothing, concerns and 81 out of every 1000
lines having relatively the greatest COM
mercial mortality last year. The rate
throughout the country, in all lines, last
every 1000 in business. Commercial fall
ures were relatively most numerous after
the two lines specified, among manufac-
glassware, dry goods, notions, woolens,
leweiry. lumber and hardware. After that
the rate of embarrassment appropriated
more nearly the normal.
Bank clearings throughout the United
States this week amount to 1887, 900, 900. a
decrease of 32 per cent. from last week,
week last year, us as compared with
the week in 1885. Is per cent. less than
in 1ss4, and II per cent. less than in the
corresponding period in 1899.
Speculation in stocks is more active
and prices have advanced considerably on
a disposition to discount the expected
passage of the tariff law at an early date
and the revival of business which it is
believed will ensue. The crop outlook
and the idea that railroad trafic viii
have also been favorably impressed by
secretary OF the Treasury Cages declara-
lions that the currency. question VIII be
taken up IN earnest at the regular session
Of Congress. London has been a pur-
chaser Of American stocks, which are the
strong feature OF that market, and the To-
houses the market showing an ability to
resist both realizing sales and bearish at
s tscd dull th SiYE a At d saf eaS q str the w sgdsI it
tone. Chicago Gas advanced on the pas
sage Of favorable legislation in Illinois.
a and Bg feafasrss ana the rangers are
at 4.S7 for demand sterling. but s1,O5O, 900
gold has been shipped to Europe, the ar
rangement of travellers credits abroad
being a factor in the exchange market at
this season.
Exports Of wheat llour included as
wheat) from both coasts of the United
2 $4,000 bushels, compared with 2,DSl, 900
bushels last week, 3,209, 900 bushels in the
week a year ! "a af Soa 2 ~ go BUSHELS two
ago. and as contrasted with $780, 900 BUSH
els in the corresponding week of 1893. Elk
ports of Indian corn amount to 2.ss6, 900
bushels this week, compared with 2,1S5,-
900 bushels last week. 1929, 900 bushels In
the week a year ago, 1,149,000 bushels two
gears i ss son s1a;eSo 4u wish 81 ss9 cee g gssps, &c e
the like week of 1893.
Erom R. G. Dun & Co.'S Weekly Re
view.'D
The statement of failures in MAY by
ranches of business gives much en-
enlargement. In amount of defaulted IL
abilities the month was the smallest since
September, 1895; in manufacturing liabili-
fiaS tho SMALLEST since MnNamhQr 1908
and in trading liabilities, the smallest ex-
cept the last month since September, 1894.
ISL 50 3
The statement that, except for the tenn
Poralrs ae 4ransaepe Il E pr1 naw i tna sol tbae Ct +
was in 1892-the year of greatest prosper
ity-has been questioned by some. But a
leading branches Of Manufacture not only
confirms that view, but shows a remark
able similarity to the course of prices in
wonderful dvanc in production and
prices ever known in this or any other
cuuntry was close at hand. TIL key of
Of some goods in advance Of an expected
increase IN demand. So in 1879 consump-
ton gradually gained, month by month.
mand was greater than the possible sup
ply. All know how prices then advanced,
and the most marvellous progres in the
history OF any country resulted within
two years. Reports from all parts Of the
couE1ry now show that retail distribution
Of products is unusually large and in
creasing.
The money markets are moving most
Satisfactorily. There is a remarkably
large Increase In the demand for COM
liariiy encouraging to experienced bankers
AT this time, the more because extensions
AM rediscounts growing out Of over
straining OF credits are unusually light.
1f-un than 90 900 00 a-nn In haynnd o.rk