The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-01-23

~ - Nv 14tQlC III ~ "
shoes. hats. groceries. hardware. dry
goods and drugs; yet at such centers as
Chicago mas. Louis at the west; Bal
ton at the east, business continues alone
very conservative lines. Memphis. Nash
Vile and Galveston continue their ex-
mand for staples. Pacific coast ports an
nounee unusually heavy ordersSifor mer-
chandise from Alaska and an Improving
trade with China and Japan. ai2
Total bank clearings aggregate 81. os2l
000,8 600 his week. q decrease of one-half
Of ! per cent. from last week. but an
week Of January. 1896, ii per cent. as
compared with the corresponding week
in 1895, and % per cent. as compared
week in January. 1893. presented an un-
usually large bank c~learings total, SO
that this weeks figures Indicate a fall
ing. off of 20 per cent. when compared
Prices appeal to include few, If any,
thar are higher than a week ago while
-four. wheat, corn, lard. crude petroleum,
TN, Bessemer pig iron and steel billets
are lower. Wool remain firm at practi-
caiy unchanged prices, but is likely tic adj
yanes If the present tenant continues;
are lumber. cotton, print cloths, pork,
coffee and sugar.
An unusually long list of business en-
harrassnents continues a feature of the
| state of trade of the week, the total for
the past six business days being 400, Or
tf less liEu idSE week. 80 more imam IN
the week a year ago, III more than in the
corresponding week of 1895, IL more than
in the third week of January. 1894. and 127
more than in the like week of 1893.
The market for securities at New York
is firm in tone, and rallies with ease from
professional bear selling. Large interests
are generally bullish. but are ~indisposed
to force prices up. and London has been
inactive in spite of a decline in the pen
market for money and the reduction of
the Bank of England rate. Outside par
/ - M Sn \ IN thAN -. rlr t. 49,
proved. Bonds are more active; the in
vestment demand has grown and govern
ment bonds are higher. Foreign ex-
change is irregular and a little lower at
f.SIA for demand sterling.
Exports of wheat flour Included as
wheat) from both coasts of the United
States this week (St. John. N. B., in
cludedl amount to 2,916. 7O6 bushels, as
compared with 2,94S, 900 bushels last week,
3.Sf9,0D bushels in the week a year ago,
1000 bushels in the week two years
as contrasted with 2,531, 900 bushels in the
like week of 1893. Exports of Indian corn
this week amount to $500, 322 bushels,
compared with 3,757, 900 bushels last week,
1872, 900 bushels in the week a wear ago
695.e00 bushels in the week two years ago.
1861 600 bushels three years ago. and as
eompared with 1851 900 bushels in the like
week of 1898.
(R- G. Dun G Co.'S weekly R~eview.')
There is more business, though not at
PRIZES IL IS interesting that almost
all prices which change at all are lower
than a week ago, and yet business is un-
1uestionably larger. There is larger pro-
AUCTION, but as yet not as much increase
~ consumption, and there is larger buy
ing of materials, but at present only he
cause better prices are expected in the flu
ture. A few conspicuous failures dur ng
the week have no material influence. The
market for securities is slightly stronger.
and yet there is very little doing The
number of hands employed. all Industries
considered. is slightly larger than a week
ago, without adverse change. in the rate
OF wages. All apprehension of foreign dis
turbance of money markets has passed
away, but there is still great caution in
making loans. 1t is a mistake to reckon
these as symptoms of depression. On the
contrary, in spite of the lower range of
prices in important industries, the condi-
tons all indicate larger production and a
consumption increasing, not as yet large
~, but steadily.
The earnings of railroads in January
have been A per cent. smaller than last
year, but 10.1 per cent. smaller than in 1892.
and while the decrease in full returns for
December is less 81 per cent. compared
With last year and 81 compared with 1892,
that is entirely natural at this season, as
the roads which report earliest in January
make relatively the worst showing. MOI
S there any striking improvement in pay
mentS through clearing houses, which are
slightly larger than last year, but 23.2 per
cent. less than in 1892, the last year of full
business. A larger general consumption
IS needed before either clearings or rail-
road earnings a mount to their best.
The woollen industry is as slow as ever.
and no real Improvement appears in the
deriand for goods. although owing to the
sateness of the season there is a little
more doing, both in spring and in winter
Goods. without q%uotable change in prices.
The heavy buying of wool mentioned last
week has continued, with smaller con
Germs participating, and is understood to
be in anticipation of expected duties, the
sales at Boston alone having amounted
to II. $685. 600 pounds. Quotations have not
changed as yet. although Western hold
ors are quite stiff.
In the none market there is no anx-
iety, although supplies of commercial
paper are comparatively scanty. But the
operations in the sterling exchange mar
ket make it clear that foreign operations
in stocks for the moment lean toward
buying rather than selling. The interior
money movement has been comparatively
light, though receipts have exceeded ship
ments, so that the accumulation of I'M
employed money here increases. The
Treasury receipts for the. month thus far
fall s8.107. 119 belaw expenditures, but q
considerable deficiency usually appears
at the time of annual payments of inter
est. Failures for two weeks of January
show liabilities of 49, o7, 364, against $12,-
POI in seventeen days of 1896, and S13, 65S.-
$50 in eighteen days of 1894 Manufacture
ing were S3,202.1 09 against 81, 214,669 last
year, and trading were $4.981, 405 against
81, 767, 426 last year. Failures for the week
have been 400 in the United States against
373 last year., and IS in Canada against 81
last year.