The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-06-12

chandise in the past 1--WE months has BEEN
70 report fair orders for fall deeiivery.
The encouraging features this
week are the Improvement IN May rsnl-
road earnings and the ADVANCE N me
price Of Bessemer pig iron, although the
latter is less significant h SONS Reports
indicate. Manufacturers of Woolens are
more hopeful, the outlook for hignef
prices stimulating speculative demand Tor
both raw and manufactured products;
Crop prospects, except IN oregon ana
Washington, where rain IS needed, con-
| tinue favorable Hot and forcing weather
with showers throughout the gulf states
has had an excellent effect on cotton and
corn, which has stimulated demand Tor
merchandise.
Gross railway earnings for May make
| the best showing for any month since last
summer. Gains by American companles
| proper are at last beginning TO assume
| importance. Total earnings of 12I COM
panies, with 81. 900 miles of road, aggre-
| gate $50, 2SS, i0S, a gain over May a year
ago of so per cent. n increase IN
April over a year ago was only 10 per
cent. and in March Ii per cent, while
| in January and February decreases We're
| shown from totals in like month last
year.
Bradstreet's prices index number, June
1. covering quotations for 9S staple aru-
Giles, merchandise, produce ana lve stocKs
is 72.S2s compared with 4,l9S or May l.
thus continuing the downward tendency
| of quotations which had begun TO show IT.
self by April l this year after an aaVaace
during the period of depression), to io,u44
On January /. 1897. Out of the 16 articles
quoted only q were higher June ! than on
| May l. 81 We're lower and "a unchanged.
Among those which We're lower are -
food products, leather, wool, cotton goods
| steel, timber, chemicals, coal, COKE and
/ rubber. This weeks prices movement in
| cludes advances for tea, wheat, indian
corn, oats, coffee. sugar and pig IRON;
| steadiness on the part of prints, coal,
lumber, steel billets. petroleum, pork and
flour. and declines for cotton, lard. tur-
pentine and rosin pointing to a tendency
TO reverse last months weakness IN quo
tationS.
A broader and more active stock market
followed the agreement of the majority
tory sugar schedule and the decreased
danger of delay in adopting the tariff bill.
American stocks have been strong in
London and some foreign buying appears.
The professional bears are Inundated,
bull pools are at work in various direc-
tions. and there is an increase in the pub
lie participation. Realizing sales and at
| tempts to depress the grangers on crop
damage stories seemed to develop fresh
buying. American sugar was a feature
at a sharp advance on the sugar schedule
agreement. The coal stocks have rallied,
and later in the week. while concessions
appear in the leading stocks, low priced
and neglected securities are objects OF In
creased speculative attention. Foreign
exchange is dun at 4Sa or less for demand
SIefllnS. Only SZbU,uUU VIII De shipped TO
Europe today on a special order.
Exports of wheat flour included as
wheap from both coasts of the United
amount to 1.Sso,s2s bushels, compared with
| 2,620, 900 bushels last week, 2,922, 600 bushels
in the week a year ago, 1.7Sl,0 600 bushels
two years ago, 2,254, 600 bushels three years
age. and as contrasted with S,S34,0 600 BUSH
els in the like week of 1893. Exports of
Indian corn this week amount to 2, 1893, 294
bushels, compared with 1886. 600 bushels
last year, 1855, 900 bushels in the week a
year ago, $780, 600 bushe two years ago,
S64, 600 bushels three years ago, and as
contrasted with 1890 0 bushels in the like
week of 1899.
[From R. G. Dun & Co.'s weekly Re
view."l
The gain in business continues. not
without fluctuations and at the best mod
crate, but yet distinct. 1t is still in guam
titles rather than prices, although in
some branches an advance in prices APP
pears, but on the whole the number of
hands employed. the volume of new or
ders, and the amount of work DONE, are
crops of wheat and cotton help, growing
demand from dealers whose stocks a
gradually gaining consumption deplete
also helps, and in the money and ex-
change market large buying of American
securities has an influence. Foreign pur-
chases of stocks exceeded sales for the
week by about 81, 900 shares. and mean
while commercial bills against products
to be moved hereafter are larger than
the market will take. The outgo of gold
means only hat a price sufficient to COW
er loss by shipment is paid, and the
slackened call for commercial loans this
week is but evidence hat preparations
to carry extraordinary stocks of raw ma
terial against future operations have been
completed by many large manufacturers.
Money coming hither from the West even
as late of June 10, with great crops near
at hand, indicates a healthy condition at
the West.
Indications of the volume of business
are seen in Clearing House exchanges.
which for the week exceed last years 81
per cent, and in railroad earnings which
AMOUNT A. y in the United States alone. to
n aRe "; ~ 0 for rG aay. fssgs0f peF ce ag laTger
than last year. and 3 per cent larger
than in 1892, The fourth week of May
was the best, and the return is the best
this year, January showing in comparison
with 1892 a decrease of SIS per cent, Feb
ruary lilo, March SO, April Al. and May
8 per cent. gain. Eastbound tonnage
from Chicago is larger than in 1898, for
two weeks 100,0S4. against IS, 72O tons.
Stocks nave gradually advanced the past
for the sixty most active stocks, and 81. 16
for Trusts, and the strong undertone,
with continued foreign buying, prevented
The dispatches from cities in all parts
of the country, given as usual today. are
especially worthy of notice, because they
show a continuing though gradual in
crease in the volume Of actual business,
in spite of the weather, which has extern
Slvely retarded dealings. A dull season
approaches for most wholesale trades,
but safe indication for the future is to
be sought in accounts Of retail distribu-
ton. Failures for the week ending June
8 showed liabilities of $1.974, 742, manu-
featuring $767,6 CAB and trading S1,174, 1863.
Failures for the week have been 262 in
the United States against 246 last year,
and 80 in Canada against q last year.
NEW PUBLICATIONS.
Naxu Vnrn Raahfon To<far