The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-09-25
THE BUSINESS OUTLOOK.

\ StandStlA the kfSatSt uuttaos
| of The region embraced by the gulf states
| At centres of distribution in eastern, MID
| die and central-western States the reeenl
activity in dry goods. hats ana hardwars
on the Pacific coast buying by interior
| merchants and the free. distribution OF
merchandise continue to pc ieatures. nIsr
| stimulated by colder weather, ana st,
Louis merchants say the yellow levei
| scare will have no effect upon trade a
that city, as southern merchants hud
| supplied themselves there before the, quar-
antine was enforced. The outiook loi
business IN parts of Texas, ARKANSAS,
Tennessee and Georges Is for a much
| duiler season than had been expected;
Favorable features OF the week are toung
in sharp advances in prices for IRON ana
| steel billets and rails. a prospect
thai iron and steel prices Will go hlgneI
| in the nearby future. Wool = aiso
| are up 10 and is per cent with the out
| look favoring. a further. advance, = m
| creased volume of general trade IS Also
stimulated by the continued heavy move
! ment of cereals to tideWater,. the almoss
unprecedentedly large quantities exported
each week, and the increased numper oi
and Commercial lines as compared with
a year ago. together with the tendency
of gold to come here from abroad,
Bank clearings at II cities Throughout
| the United States, received by. telegraph
on the oath inst. exclusively BY Brad
Streets aggregate 81, S67, 600, QUO, a qe-
crease erd Fl IL rily per hee een'' to 1rai' but las' an IN
crease of go per e comparsd WIZ tns
| corresponding aggregate in 1895 and =, per
cent. compared with h,o the IKE yol lime 81
clearings was somewhat augmented afJer
the depression in trade In 1898 and 1881.
This weeks gain over eiea Iaaa ZOE S n nar
cent. and With 1882 IA per cent II Is z
per cent. heavier than in the IKE week
in the corresponding week of 1880.
Stock speculation in New YORK Is r.
regular, lower prices resulting from pro
fessional pressure and a decrease or pubic
interest. "A sharp break in prices on Tues,
day was caused by the OF eau
loan rates to SQ4 per cent. on the con
tinued movement of money to the IN
terror. The liquidation was arrested by
gold import engagements from Europe
amounting to 81, SOC. 200, which it Is claimed
are not artificial, though s Yer ma a Iml
bort point. Some $4,000 900 has also ar
rived at San Francisco from Australia;
The Rock Island Company has increases
per cent, and railroad earnings generally
are very favorable. Demand sterling Is
4.s4E@4.s5. being slightly drmeF sen on ree
ounce on the proposal that, the Bank OF
England shall keep one-ffth of It's issue
Department reserves In silver, put ae-
Qlln60 On the ItSOlullOh u AZ
Clearing House bankers condemning the
Exports of wheat f1our included as
s whs e. sn fro Mon n9th c shis week el t amo unto to
5,623, 4s3 bushels. compared with o;zss, sas
bushels last week. 1880 900 bushels IN the
week g asS gea s'5s s 80 S Isl, eGs three years. ams
AGO. and as compared with 8, 49,, oDO bushel
IN the corresponding week of 1883 Exo
ports of Indian corn aggr e ade ha,VVSszh,s
last week. 2.610, 900 bushels in the week one
wear ago. $50. 900 bushels two years g.
i04. 900 bushels three years age, ana as Gon-
trasted with $4,000 bushels IN the IKE
fFrom R. G. Dun & Co.'S Weekly Re-
view.")
Gold imports have begun direct from
England and from France BESIDE ths az
Australia for wheat exported, Ing soaa
RECEIVED there and started from fsur3pe
amounts to Sc, 500, 900 in two DAYS, aaq Ing
advance of its rates by the Bank OF Eng
land to 2h per cent. seems little likely 70
check the movement, IN view OF heavy
merchandise balances due TINS county
and the rise IN rates OF ln.eIe srealwlto
r,.ove the crops, while apidl sWeltlns
business called for increased supplies, the
New York market has grown naTagr usneh
and rates of interest rose. When the rise
in rates brought two days reaction IN
stocks. with opportunity for enoIm
From London at once by demands Of
creditors here. The August excess o.
merchandise and specie exports over im-
ports was not far from $42, 0oo, goo, and the
september excess will evidently be larger,
unless shipments of gold are consider
he. Merchandise exports from new
York in three weeks OF Septemner ha pd
Imports 81 per cent. less. and like
changes on the whole trade for the mont na
would result in net exports OF sos'Vo'ooo
M rchandi beside silver.
Money is no longer a drug mere, pc
canse trade and industry advance without
hating. Payments through chief clearing
houses have been 3D. tb per we CEN; ana ldff III
ner cent. larger than in 1892. So vast an
exnansion. from 140 millions daily in
March to I'll millions daily IN SepIempelf
icng ago, and railroad earnings IN Sep
tember also equal those of 1892, and ex-
ceed last years by 1928 per cent. n
POO against 1856, 1862 in 1892. shows a gain
Of "a Fer eent. The heavy liquidation OF
weak holders depressed the average price
]Dfc9 5silway ;i0s Wsd 4 pa sa only to to- break
sharply on Friday, closing sL7S lower Tor
the week.
The oficiaI ending Of the Western Goa
working force In the mines, and others IN
using bituminous coal, The
anthracite strike has substantially ended,
and no extensive labor disturbance is
threatened. The output of coke is now
125, 900 tons, and the price is also
some branches of the iron and steel in
dustry are clearly no longer able to Keep
IN with their orders. Others are FULLY
employed for some months ahead. ana
with all the demand is increasing Heavy
buving has raised Bessemer pig at Fits
burg 10 $1U.5 and Grey Forge to $500,
with actual sales Of 10000 n Southern
pig in the Mahoning Valley for 1919 at
Birmingham. Billets are quoted at $l6;zo
and seq has been refused for wire rods.
Structural work is behind orders, tin
plates are hindered by failure to get sheet
bars delivered fast enough, plate and
sheet mills find heavy demand every
where. and bars are in great demand Tor
cars at the West, with vastly improved
demand end a shade better prices at the
east The average advance OF iron and
steel products from the lowest point IS
So per cent. $3.50
While s., 600, 900 has gone to the interior
during the week, and commercial loans
have been fewer. the principal banks
averaging so per cent. against 20 per cent
two weeks ago, good collections have
prevented diffculty. Liabilities OF firms
failing in three weeks amounted 70 $9,6zl,