The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-05-15
[From r. G. Dun & Co.'s weekly Re-
view NJ

Spectators have enjoyed an advance in
wheat, corn, cotton and some other pro-
duets. though Obliged to sell wool and
sugar at lower figures in order to realize.
Stocks have advanced Z cents per 500
and Trust stocks lost 38 cents, without
f fmnoyns d af marcn to Honst it ts, 40 q market.
week at New York alone, are "a per cent.
larger than a year ago, making the in
creSse A. per cent; f9r the past six weeks,
and helped further shipments of gold,
which amount for the, week to 81. 750, 900,
but are practically balanced by receipts
from the interior, and cause no serious
apprehension of nancia disturbance.
Men feel that present conditions are only
| temporary, although they tend to pre-
vent immediate Improvement in general
trade and hinder immediate Investments.
The government crop report stimate
cotton acreage at 6 per cent. less than
last year, and is considered encouraging
because so slight a decrease from the
floods MAY easily be made up. Prices
| speculation, with nothing here to warrant
the rise. The winter wheat report. which
Is supposed to indicate a yield Of 2s7, OOo.-
600 bushels, is contrasted with State re-
ports much better or much worse, but is
distrusted mainly because all department
estimates of acreage for years have been
wildly, erroneous. Western receipts con-
tinue larger than last year, 2,1Oa, 1913 bush
els against 1,870,367 a year ago. and At
lantic exports also increase. for two
weeks of May amounting to ss1oe, 500 BUSH
L CLo A1OAA <AN e4Ai SyOCOt141 last
1 year Exports of corn are still large,
| $3.50, 1855 bushels for two weeks against
| 3,04,1 ISL last year, and the part in part
| account for the smaller demand for
wheat.
In movements of traffic there is nothing
unusual The clearinghouse exchanges
are 1.19 per cent. smaller than last year.
and 10 per cent. smaller than in 1892, and
in view of the decline In prices, this is
by no. means a disheartening change. In
| railroad earnings the decline has been
only 3 per cent. for April. and Al per
/ cent. compared with 1892, and for May
fhus far returns are slightly better,
showing an increase of S per cent. over
last year, while eastbound traffic at
Chicago is about 7.9 per cent. less than
in 1892. Railroad stocks show the same
| st~eadiness which has characterized the
| market of late, but securities of actual
| value appear to be largely In the hands of
l men who do not drop them for nothing.
about the distrust of American securities,
| and yet the Americans have Jared better
on the whole than the Kaffirs.
The money markets are scarcely
| stronger, because the outgoes of gold
| have been balanced by receipts Of money
coming FROM, the interior, and in spite Of
| some Increased demand from wool and dry
| goods importers, there is on the whole no
great change in commercial loans. The
enormous imports which threaten con-
| to come, cause no serious apprehension
| because the supplies OF money in the New
York banks and the Treasury are ample
to meet all necessities. Failures for the
s.. 995, S94 against "a, 13S. 81 last year and
$3,009,272 In 1886. Manufacturing were
8. 1885 against 81, 001 1893 last year. and
trading were 81. 2S9, s58 against $3,OSs, ass
in the United States against 24 last year
| and 81 in Canada against SO last year.