The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-09-04
fHE BUSINESS OUTLOOK.

rHE BUSINESS OUTLOOK.
fFrom Bradstreetss State of Trade ]
Previous activity IN all lines of trade rs
| maintained. There is a better tcne 70
! demand from jobbers. and the volume OF
| business in wool, leather, clothing. mas,
| groceries and light hardware mas m
| Creased. There is a better request Tor
| WOODEN and Gotten goods, jewelry and rub
Der goods, and for boots snd shoes. some
wholesale merchants at western centres
report the largest volume OF Alsust
| trade on record. There has been an M
creased consumption of cotton by soutn-
| ern mills. western iron and steel MUS
| have orders to keep them busy until jan
uary' l. In the central western states
the bituminous coal strike has had a fur
Their depressing effect on the general IN
last weeks general and unprecedented
expansion of prices for, stapIes is con-
tinlied, wool, cotton and wooden fabrics,
hides. leather, white pine, lumber. sashes
and doors, iron and steel bars, billets, and
rods, wire nails, barbed wire and southern
foundry iron, wheat, corn, lard and sugar
having advanced and higher prices beng
prices are recorded for cotton,wheat Hour
and coffee, while those for oats, pork,
print cloths, petroleum and coal are I'M
changed.
Bank cIearings for August form a new
record for that month. Last months to-
tai. $4,S10,S7S, SS3, is only 20 per cent smaller
IMAM the idTS6Sl tOldi III any PiCSCoihS
month, and shows the largest gain, COM
pared with the year before of any months
clearings in four years. Only IL out OF 81
cities reporting clearings show decreases
more than one-half of which, at the south,
ara for by the delayed aove-
ment of cotton. Only two among the
twenty larger cities show decreases con-
trasted with August, 1896
Increasing railroad earnings and rumors
of corresponding increases in dividend
rates have been the foundation OF an ex-
ceedingly active stock market at New
York. with extreme advances in prices.
Sugar has also reached the highest price
on record on increased dividend rumors,
and fhe industrials generally respond 70
the ipfuence of better business condi-
tons. Public interest in the stock mar
ket has increased.
This weeks exports of wheat 6and Hour
as wheat) are the largest with two ex-
ceptions. the second week of September
and fhe fourth week of August, 1891. To
taJ shipments amount to 6,268.247 bushels,
against 5,149, 65S bushels last week, 3,SG9-
S62 bushels last year. 269.S61 bushels IN 1879,
800. 800 bushels in 1894. and 4,902, 600 BUSH
els in 1898. Shipments of corn are also
large aegregating 3,1S5,064 bushels this
week against 2,6S 452 bushels last week.
4 521 526 bushels last year, j, 4o5,3fU ouShels
in iSg5, $1,000 bushels in 1894. and 672,Si5
bushels in 1898.
fFrom r.. G. Dun & Co.'S Weekly Re
view. j
Failures in August were in munger nor
in amount of liabilities 70.S per cent.
smaller. July and August show a lower
average of liabilities per failure than mas
ever been known in any year or even n
any Quarter of the twenty-thfee years X.
G.. Dun & Co. have kept quarterly RECORDS.
The Improvement is also well distributed,
f Sranch 81 5 business. but in clothing,
ieweIry and afclassified trading only Two
months of the past forty-seVen nave
shown smaller f ad1u fSra IN g S,l groe ssSfss
hats n iron manufacture only TOUR m
hat and chemical manufactures only nve,
INT in clothing manufaeture ONLY s rs
~defauited liabilities to payments az efear5
ing houses has been smaller IN July ana
August than IN any otner naonta si1 9
aetion unti. it had fallen q cents more,
hut then rose 3 cents with the frst re-
wal OF foreign buying. western reeelpts
are very large, Trough NOE quaee ds iai6c
THE estimate which command CONT
de1ce still Indicate a yield OF $50 to- osv
noifJion bushels winter wheat turning OUT
50 nn1,eh beyond expectations as to bal
snce much of the loss IN spring wheat
EaTeien accounts do not improve, ana I'M
less much more deceptlvs Ina Iii q54 a. a W
ceed fhe Quantity which can be spared.
Continued large exports or corn ana puy-
ing for exrort; s snew sslia ab lnorf Vest
aro receipts for the week were O,ubo,4f9
bushels against s.16O, 3l9 last year. and
such a movement at TINS season inipneS
Cotton speculation made August de-
liveries costly, spot rising TO ~ eenls,
~ ~ : 81 cents. The crop of 1896, according
70 the New Orleans Cotton Exchange,
was ). 7N, 94 bales. The mills are now run
ming ahass and In , tuTnlng 4 70 h sasss p%aurehasss re-
emily made. Wool sells largely between
e e~see,l 49, SIS, 500 pounds for the week,
making reporffeeid oss aa aee mounds of which
5a ~ 20 az were foreign. But when the
nil nils were busy in 1892 sales in the four
months were but u. 10y, ~ p ron and steel
,nd da ) eains momentum. and a further
advance in prices make 90 per cent MI lr3 an
the lowest average Augns and mates es-
naniisi1x for bridge and Ship building
The demand for cars IS pressrns, sa
work for railways increases. h,s no,a4rv
fn ai,stTaiia was Of 1900 tons by the
I~ackawanna Company. TIN Is siignss
at 1856 cents, but heavy eApofts,
next three months, sustain ,oppsr az llMi
lead is strong at 4;lo. BOOT anp
shoe Shipments, not quite 2 per cent
ner cent. smaller than in 1895. were II
BAR cent. smaller than in 1894. but We're a
little larger than in 1892. Buying rs SUI
mastlv for Immediate needs, but is snffl-
Gent to keep works wen employed sole
leather has advanced again fnaEing quo
tations average rs per cent higher than
lime }, while hides have also risen. in all
81. 4 Der cent. since May ].
Money has begun to go largely to the
West ard South, 100000, net Tor me
week which has somewhat checked COM
The full report of failures by branches
Of business for foAr weeks ending August
Or e given This week. Failures for the
nast week have been 1871 in the United
States. against 1874 last year, and %
against 81 in Canada.
ADJUSTMENTS.
Opening OF The Academy Of Mnsct
The Academy of Music. thoroughly reno