The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-08-28
THE BUSINESS, OUTLOOK.

TFrom Bradstreet's state of Trade.']
The general trade situation continues
to improve, and aside from the unneces,
sarily prolonged strike of the soft-coal
miners, there is little in sight to cloud
the outlook.
The feature of the week is the advance
in prices of almost all loading staples, pc,
ginning ! with an upward movement AZ
along the line in iron and steel Steel Dill
lets are now $3.50 above lowest ngqres'
bars $3.50. rods So, and plates 81. Bes-
semer pig iron is up Csc. and foundry q
like amount. Southern irons are very
strong on a continued active export move
ment. Where wire mills rave not adj
vanced prices they have withdrawn quo
Some western steel mills are sold up to
January l., which with the demand for
earlier deliveries from furnaces than had
been arranged for are quite slgnllcant.
Lead, too, and soft coal are higher, as is
wheat, Notwithstanding one or two re-
actions. "Bradstreet's'' points out that
strongest known since the United States
became a considerable exporter, and that
its price, as well as that for bread, IS
likely to materially exceed the present
weeks advances. Following that for
wheat, prices are higher for wheat flour,
for corn, oats, lard, potatoes, butter, eggs.
beans, cheese, leaf tobacco, wool and live
stock. Advances for leather. hides, lum-
Der and linseed, oil are also reported.
Cotton, which is up S-l6c., reports the
smallest worlds stock for seven years
P6CI- at tAAR& ~ l00F al totC
and higher prices for the manufactured
product. In spite of crop damage the
tendency of estimates is toward the
largest total yield on record, but with
probabilities favoring much better prices
than those obtained for the crop of 1884,
IS, the outrun of which was 9,S73.0W bales.
orders of wooden goods at mills, but print
cloths. petroleum and sugar are UNI
changed for the week, while pork is re-
ported slightly lower than a week ago.
II W. onnnroI nr nrnnn71nno6 ny vd
movement of prices of nearly all leading
staples has been witnessed within a week
for many years.
August continues its extraordinary rec
ord of large weekly totals of ank clear
ings and promises to show an unprece-
dented gain over the month a year age.
Clearings during the past six business
days, as telegraphed to "Bradstreet's
(the only like report, based exclusively
on kilograms from all clearing house
cities, amount to 81, o7 ,000,0 about $9S, :
more than in the fourth week of August,
1896. a gain of 40 per cent. New York's
clearings fell off SIT. 900. 900 from last year,
Boston's SIS. 900, 1000. Philadelphia's 81, 600. 600
s.. 900, 900 each. At Chicago clearings in
creased 1000, 600 over last week, at Min
neapolis sS,0oO,0 O0, Pittsburgh 50, SOC, 900.
$1,000
Contrasted with clearing a year ago
his weeks exhibit shows decreases at
only IL out OF OIL cities IN the united
States. Five of the cities with smaller
totals than last year are at the south,
where delayed cotton-crop movement ex-
plains the falling off. Among the twenty
largest cities reporting clearings. only one
shows a decline from the weeks total a
year ago.
This weeks c~learings for all cities are
IS per cent. larger than in the like week
two years age, 40 per cent. larger than
three years ago, 54 per cent. larger than
in the corresponding week in the panic
10 per cent. larger than in 1891, but 4 per
cent smaller HI in the corresponding
period in 1896.
The stock market at New York is adj
vancing and uoyan in tone, though early
IN tha week it showed a disposition to
rest and in parts to ease off on reports of
damage to wheat and dangers of frost
in the corn regions. The general improv-
ing tendency of railroad arnings sup
ports bullish sentiment. London sold,
though the public there is booming more
favorable toward Americans. Exchange
has been dull and somewhat lower at
1864 for demand sterling.
wheat exports are of large volume,
-gregatin (wheat and wheat as nour(
5si4s. $50 bushels for the week, as against
5316'S03 bushels last week, 3,2S1, S54 bushels
last year, I,87l ,9zS bushels IN TINS week
two Years ago, 100000 bushels in 1894 and
1902. 500 bushels in the corresponding week
Of 1893. With the exception of last week.
fhis weeks shipments are the largest
since the third week of September, 1873.
Corn exports show a considerable falllng
off, being 2.682, 452 bushels, against 3,szs, oao
bushels last week, 2,610, 800 bushels a year
ago. I.1a4-536 bushels in 1895. lis, 900 bushels
in 1894 and 1,116,3 300 bushels IN 1893.