The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1888-08-02
BUSINESS.
CONTINUED IMPROVEMENT RE-
PORTED.
Tho Iron Association Collapse Bene-
flcial to Trade.

II. q. Dun & Co.'S weekly trade review
says: The improvement continues. The
collapse Of the Western Iron Manufacturer
Association has set nearly all the mills at
work and makes pig iron firmer, but bar iron
weaker. Stocks have teen strengthened
by decision arresting the enforcement Of
the Iowa rates. Wars Of rates do not cease,
and Interstate decisions on many
important cases are deferred. The net earn-
ings Of SO roads in May shovel loss of 81
per cent, though their gross earnings gained
6.4per cent, ard the gains in gross earnings
for July have been less than half as large.
Statements show that 242S miles Of roads
have been placed in the hands OF receivers
during the half year, with sl53, $50, 900 bonds
and stocks, against only 42S miles and t2S,-
700 bonds and stocks for the first half OF
last year. But the average price OF stocks
has risen about 81 40 per share, though they
are less strong Of late.
Reports OF domestic trade are almost uni
formly encouraging, for, though dullness yet
prevails, improvements appear at many
points The clearings at all cities exceed last
last years by 1913 per cent, and outside Of
New York So per cent, with large gains at
Boston, Chicago and New Orleans. The COM
plants Of slow collections increase, however,
especially in connection with the distribution
Of manufactured goods. At Philsdelphis
and Pittsburgh better feeling appears in
the metal branches, and at Baltimore AMI
Detroit In dry goods and boots aud shoes, but
Eastern manufs cturers are still uncertain.
The foreign trade for June showed imports
exceeding exports by SIS, ,2O6 $40, and for the
half year the excess was $6I ,463, go. Against
this the net exports Of gold and silver for the
half year were 7,4ss, ,s3l, so that when
interest and undervaluations are considered
the movement of foreign capital this way
appears TO have exceeded $l00, ,000, 900 for the
half year. Exports OF merchandise from
New York In July show decrease Of eight
per cent. In value, against one per cent. in.
cre'se in imports, and for the past year ex-
ports have been smaller than any other since
1878, except tho year 1856, while imports
have only been excec icd in one year. lssi-2,
and then less than 81 900 $50.
Speculative markets are not active, and
win at has changed but little. Crop proe.
poets have cause corn to decline ~ cents
and oats 4 cent; but lard. pork aud live
hogs are stronger. Oil is cents weaker,
and cotton and coffee arc unchanged. The
treasury has taken in during the past week
$4,000 600 moro money than 1t has paid out,
but reports from all interior points represent
money in ample supply for all legitimate
business, with general deficiency Of de,
mand.
Once more the country closes a crop year
with surplus OF over 81 ,0Oo, 900 bushels
OF wheat on hand unsold, and tho
latest reports indicate that the supply for ex.
ports during tho coming year will exceed
$4,000, 600 bushels, exports for the past yeor
having been less than 100 900 900 bushels. !"
The failures attending half yeary settle-
ments have been numerous; for four weeks
the number In the United States has been 6ls
against 594 last year, but in Canads only SO,
against 93 last year. The business failings
during the last seven days number 22I as
compared with 22s last week, and 24O the
week previous 10 the last For the cores
ponding week Of last year the failures num-
bered 1874.