The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-11-27
THE BUSINESS OUTLOOK.
[From Bradstreet's Estate of Trade

TFrom Bradstreet's state of Trade. ]
Notwithstanding the appearance OF a
demand for holiday Specialtles at SONS
points in the South, at Chicago, 81 LOUIS
and in regions tributary thereto, genera,
trade throughout the country ma snoWu
no general improvement this week Most
favorable reports are from the territory
west of the Missippi River and norm OF
Missouri and Kansas, Where Goiuei
weather has stimulated emand at the IN
terror and country merchants nave peeh
buying with comparative freedom.
The Eastern cotton goods industry con-
tinues depressed. onsumer evloenutx
they believe the price of raw cotton is
ready to advance. Competition from
Southern mills-more particularly over
production by manufacturers VINO pro
duce a single staple-underlies existing
large stocks n the heayiness OF prices.
Converters and manufacturers OF cotton
yarns are situated relatively more I2Vor-
ably. Other lines reporting s~easonapie
distribution are manufacturers or WOOL
ems. clothing, shoes and 1obberS OF Iahcy
groceries. AT Philadelphia there IS a
check in demand for products IN leading
textile lines, and arrangements are max,
ing TO run on shorter time. iron ana
steel have not been in as active demand
as expected and are lower. notwithstand-
ing furnaces and mills are supplied with
orders sufficient to carry tnenl Wen ,i.9
next year. A favorable feature is round
in advances in wages of operatives III va
riouS industrial lines
In addition to decreases In prices OF
iron n steel, quotations for wire fods
are lower. Notwithstanding the prospect
for the success of the attempt to form
a combination of all American producers
of wire goods. Cotton has reacted again,
and prices for lead, coffee, cats and IN
dian corn are also lower. Wool, print
cloths, copper, sugar, wheat -four, beef,
pork and lard are among the more I'M
portant staples for which prices are un-
changed. Wheat, alone, among a score
of important products, records an ao-
vance. &C.,,
The intervention of a holiday has had
the usual effect on bank clearlngs
throughout the country. the aggregate
being 81, 05S, 200. 900, or It per cent. less than
the total in the preceding week, but 10
per cent. more than in the corresponding
week, one year age, which also inciuded
a holiday. This weeks clearings total Is
also smaller than in like weeks In lSsz
and in 1890. about 4.5 per cent. in each
instance. Total clearings for i've busi-
ness days ending with Thanksgiving eve
exceeded the corresponding aggregate IN
1895 by q per CENT were re- p /; per 1eo GEM Il
per cent. heavier than in 1893 and 40 per
cent. larger than in the corresponding
period in 1881.
The stock market at New YORK IS II
regular, but has a strong undertone III
the face of bearishness on the part OF
traders. Large interests are disposed to
wait for the meeting OF Congress, 1or
fhe Presidents message and for develop
ments regarding Cuba and the currency,
The steadier tone is partly attributed to
a better feeling as to the two latter SUB
jects. Northern Pacifics have been strong
on cancellations of a dividend on the
preferred stock. Favorable railroad earn
ings nave a moderately bulllsh effect.
london has been a small seller OF our
market for temporary speculation. For
eign exchange holds steady at 4.S5@4.S5&
for demand sterling.