The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-02-06
THE BUSINESS OUTLOOK.
CFrom Bradstreet's estate of Trade"

va W 81
Genera trade, which was retarded by
covered somewhat at -Chattanooga, Mem
PITS, birmingham and New Orleans.
While the GOLD weather cut into stocks CT
heavy goods. 1t delayed the sale Of
spring goods Other relatively favorable
trade Veports are from St. Paul, Chicago,
MINNEAPOLIS and st. Louis. At most
unchanged, with 40 prospect for immedi-
ate Improvement.
The restriction of the production Of cot
ton goods has not strengthened the mar
ket or advanced prices ye.. The heavy
increase In sale of wool, 10000. 900 pounds,
at Boston alone since January /. against
on the expectation of a higher duty on
wool. More wooden mills have started
up, and those which AVE hit the popu-
lar taste in style and fabric are full of
| present. business.
One of the most unsatisfactory indus
trial features is the lack of demand for
Central Western States have gotten below
nominal quotations. Eastern and West
ern IRON makers are attracted. by the ex-
pansion Of the Southern pig iron export
the report to 'Bradstreet's'' this week on
the probability of the continuation of
tons that Southern pig iron cannot on
time to go abroad at a profit, after de-
mand and price revive recall the predic-
tons of a dozen years ago, thai Southern
~ ~ ANA eNAAA o0Ao XVI
$40 a ton at 4 profit.
Bank elearings throughout the country
this week, amounting to s1.cA7. 0Oo,o 600. show
am increase. Of D per cent. compared with
last week, 4 per cent. in contrast with thA
week a year ago. 10 per cent. compared
with the total for the first week in Feb
ruary, 1888. n a gain of IS per cent.
over the ike total in 1894. when business
was suffering from extreme depression.
But when this weeks aggregate is ON
ing off IS II per cent, and IN contrast
with the total in 1892 the decrease is 70
The downward tendency of prices Of
STAPLES noted during the past two or three
eeks IS checked, in part, there being al
st an equal lumber of the products and
commodities usually quoted which are
higher or lower or unchanged compared
Wit last week. Among those which have
advanced are Havana tobacco, wheat.
corn and oats, paper and refined and crude
petroleum. Those which are lower include
rosfn. hides, wheat, -four, pork, lard, cof-
fee and raw sugar. Practically UNCHANGED
quotations are recorded for refined sugar.
rice. tea, lumber, wool. cotton and print
cloths.
January bank c~learings aggregate s.. 473.-
52s, 826, a decrease of 2.5 per cent, from 1896.
and of AS per cent. from the total for De-
cember, 1895, but a gain of 20 per cent.
and 1915 per cent. respectively over jan
uary, 1895 and 1894. A year ago the January
decrease from the December total was
nearly twice the proportion of decrease
shown his year. The January decrease,
1897 from 1896, is the smallest like falling
off since August, 1896. New England cities
show the only gain among the groups5
per cent. The smallest decrease is that of
the Middle States ctties-less than / per
cent. The heaviest falling off is that of the
Northwestern cities-18.5 per cent. Out of
twenty leading cities, New York, Boston,
st. Louis, Baltimore and Providence only
Show gains, varying at per cent; at New
heaviest decreases at larger cities were at
st. Paul, Minneapolis and Chicago.
The check to the number of business
failures reported last week appears again
in the total for the current week, 305
throughout THE United States as compared
with 36 last week, 1888 in the first week of
February 1896, 293 in the like week of Feb
ruary, 1895, 1856 in the corresponding period
in 1894, and as contrasted with 223 in the
first week of February, 1893, three months
before the panic.
The wheat movement, United States
and Canada, for seven months shows a
net increase of the quantity available of
only 7,812,000 bushels, compared with in
creases in corresponding periods in four
previous cereal years of 5000, 900, 60, 900, 900,
"a, 600, 900 and $4,000, 900 bushels, respectively.
Wheat stoeks in the United States and
canada and afioat for and in Europe, plus
Australian and interior Russian supplies,
amounted on January l to 152, 1880 0 bush
els-nearly 1000, 900 bushels less tina on
January /, 1896, and g. 0O. 600 bushels less
than on January !, 1895. During the years
1890 to 1895. inclusive, the worlds average
January decrease in available wheat sup
plies was about 100000 bushels, COM
pared with which the January decline in
1896 of 5000, 900 bushels, and that last
month of 10, 5O4, 600 bushels, have some sig
niffcance.
Exports of wheat Caour included as
wheat from both coasts of the United
States, and from st. John. N. B., this
week. amount to 3,163,74 bushels. as com
pared with 2.515.OO0 bushels last week.
q qnT ONO h11ShplE in the wnak q Won a 90
2,020,000 bushels in the week two years
60, 2,678.000 bushels three years ago., and
as contrasted with 1881. 900 bushels in the
like week of 1893. Exports of Indian corn
this week show a marked Increase,
amounting to 3,659, $50 bushels, as com
pared with 3,011, 900 bushels last week,
3. 222.000 bushels in the week a year ago,
927. 900 bushels in the week two years ago,
], 424,000 bushels three years ago, and as
contrasted with $4,000 bushels in the like
week of 1893
The New York Stock Market is weak
er under bear selling, the weakness of
sugar and the industrials being a feature,
due to an investigation of trusts" by a
committee of the New York Legislature
of certain industries by the trainers of
the proposed new tariff. The activity and
advance of Northern Pacific securities on
the sale of a large block to a foreign
financial interest has been a feature. Pub
lie interest in speculation has not inn
proved, but the demand for bonds and
high grade investments has reduced the
supply of such securities. Foreign ex-
change is dull and heavy on the decline
of the London money market and the
reduction of the Bank of England rate
" per cent. to 3 per cent. Demand ster-
ling is 4-86A.
(From r. G. Dun & Co.'S weekly Re-
yiew."D
No important change In business APP
pears. but the number of manufacturing
establishments starting much exceeds
the number of those stopping during the
week, and SO much hat the curtailment
of working time in mtnv cotton mills |
probably does not lessen rhe aggregate
productive force or amount OF wages paid.
There is distinct increase in orders fer
wooden goods, some gain in the silk manu.
facture. a waiting condition With gain
in one branch Of boots and shoes. and in
of better things coming in tbs
gEHM m n