The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-03-13

February in the previous two years the show
ing. made IS more satisfactory. Total earnings
of ZIG railroads for February this year aggre-
gate S34, los, sol, a decrease of seyep-tenths OF
! per cent. from the total for February, 1896;
nas Fganyafs saFh,hgs 81 y" raa9s i aSar
the fatal for February, 1895, Of l2:4 per cent,
and over February, 1884, Of ~ per cent.
This is a better showing than in January, or
in any month since September. The ~coalers,
trunk lines and the roads all
show gains in February over a year ago,
whereas in January not one group of Amer
lean roads showed an increase. Large gains
by Mexican reads continue q feature Of Feb
ruary earnings. Total earnings of ZIG COM
panies, operating 94,eB0 miles Of road, aggre-
gate $50. 500, 2e7, a decrease of 36 per cent.
comparing with a year ago shew gains. but
when compared with 1896 three-quarters of
them show Increases.
Stock Market has recovered from the depres-
sion caused BY fears Of an eutbfsak II the
however, and large interests seem unwilling
to take the initiative in the face of the extra
session Of Congress and discussion on the tariff
larry strong, and the street is Impressed fav-
orably by the acquisition of virtual control
Foreign exchange is duh and somewhat lower,
at 4S3G4-S7A for demand sterling.
Exports Of wheat from both coasts Of the
United States this week (iour included as
wheat amount to only 1899, 4S2 bushels this
week, against 2,075, 900 bushels last week, 2,W1,-
600 bushels in the week a year ago, ,791, GOO
bushels in the week two years ago, 3,25s, 600
bushels three years ago, aud as compared
with 2,sss,M BUSHELS IA the IKE period Of
the last week in April, 1896. Exports of In
d dian corn continue heavy; sS ap soa e s.slS-
,70s.0 goo bushels IN the week q year age, sS2.-
900 bushels two years ago, ~l,27S,0oo bushels
three years ago, and as compared with ship
mentS OF 966. 600 bushels in the like week OF
1888.
OR. G. Dun & Co.'S Weekly Review.)
1t is a curious illustration of human nature,
this continued encouragement even while the
increase of productive industries and of legi-
or lasting imprpVemeut could come otherwise
than slowly and step by step. after such a
messed, and the most hopeful feature of the
situation is that the gain is so nearly devoid
of elements Which Involve unsoundness and
probable reaction. The first step toward pros
perity is to get the. wheels started and the
hands employed, and the number of works
which z have resumed Of increased ! force during T,la
week since Novernber. While the start has
been secured n many eases by contracts at
extreme low prices, Involving some reduction
of wages, the hands are earning more even
so, and aid more the general recovery, than
if not working at all, and thus far Important
strikes have been avoided In most cases,
though some are still threatened. The money
markets eon ntig especially faayoraRls to in
share Of Available capital.
The annual statements Of wheat IN farmers
ufated speculation. Those commonly Consider
ed worthy of attention indicate that farmers
and commercial supplies together, 1856 to 26
Inillion bushels, exceed the outside estimate
Of home demand 100 million bushels to July ],
by much more than the quantity likely to be
wanted for export in view of the continued
Weeks q 6ssG,sss Bushels against l5sl'475 last
year.
Iron furnaces March / were producing &c.,
1856 tons weekly. 1927 tons or 4 per cent. more
than February /. and although visible stocks
hoxrn TnRraaE god IN y TONS in f0I1r rraakC cfftl
more furnaces have started this month. The
demand for finished products still lags behind
the supply of pig iron, except in the great
steel works whose stocks are not reported, but
their orders without doubt cover full produc-
ton for several months.
The chief events of the railroad world have
basn encouraging. The transfer Of the Lehigh
Valley to the control of the Morgan and DrexeI
t hoaasS gr esttss ha inp8nsa If eoaf interests aa I ss4 for
the future. At the same time the reduction
which will be announced today of Is cents in
York. looks toward a larger demand and bet
ter employment in the future. The effects Of
The sPS,1 La1 5nc Se9gs es sRsod 5FaagassISR a ans s III felt Fit
of Mr.. Morgan to London is expected to re-
suit in nsgotiations Of large influence upon the
raflroad earnings in February cover 81, $50
miles, 45 per cent. of the total mileage in this
country, and the United states g So r sss Is alone
a tenth Of i per cent: less than last. year,
but lo.s per cent lsss than ia 1929;
is but Is per GENT. smaller than last year.
The sudden change In movement of money, for
the week s1,soo,o90 way from New York, is
partly in preparation for unusually large April
settlements, but also to supply currency for
movement of crops remaining in producers
hands. There is a better demand due to
preparation for removal of goods from bonded
warehouse in case of an advance of duties.
Failures for the week ending March 4 show
liabilities of 2,647, AS, q. which S1,QSS. 75S were
Of manufacturing. and 81, $40, 4s7 Of trading
concerns. Failures for the past week have
beer 256 in the United States, against 500 last
year, and 81 ip Canada, against 60 last year.