The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1889-09-05
BUSINESS.
THE CONDITION OF TRADE.
ENCOURAGING REPORTS gEstEpISG rmE rBoS
ISDUSrEY.

Il. G. Dun & CO.'S weekly review pf trade
says Last weeks suggestions in regard to
the monetary situation have been entirely
sustained by the events Of the past week.
Those who held large amounts Of Govern
ment bonds were induced TO sell
them freely at prices formerly paid
by the Treasury which has thus been en-
abled to pay out about $40, 600 900 for bonds.
The Secretary's belief that bonds to large
amount could be obtained at the prices Of
fered has been justified, and he has done
what he could under the law to prevent
monetary pressure But the money disburs-
ed seems likely To relieve speculation rather
than commercial needs, at least until other
operations besides the one in Government
bonds have been liquidatcd Stocks have
| advanced just e. 10 per share IN a week, and
! 200 600 shares have been sold already at
the rising prices. As yet the money for
bonds has not actually gone ont Of the
Treasury and its cash holdings are a little
larger than week ago, but its deposits in
banks halfa million less. Business in all
parts OF the country continues to improve
with the stimulus Of large crops.
At Cleveland and Pittsburg the iron busi
ness is expanding and at Philadelphia i'm.
proyement is noted in wool, groceries, IRON
and steel.
The situation in the iron industry is sur
! prisingly encouraging for weekly produc'
ton, hardly ever surpassed, appears 10 be
met by "A wonderful demand, although de-
| liyercs of rails continue below last year.
The Tennessee Coal and Iron Company gives
notice Of an advance of - cents in the prices
ofpig iron and the rise in the price of coke
at Pttsburg ensures some advantage in pig
| iron there, while bar, plate and structural
| iron are in strong demand, and the works
better employed than they have before fol
several years Increase Of wages is report.
ed at several establishments, and the build.
| ing of several more furnaces two by the Car
| negie works at Braddock
Wool is not yet freely taken by manufac.
turcrs at current prices, but the demand is
hetter on the one side, while holders seem q
little more ready on the other to make the
concessions required by tie present state OF
the goods market,
The interior money markets are so well
supplied that the lack ofsupply for CONNER.
cial purposes at the chief Eastern cities is the
more noticeable. 1t is an encouraging fact,
also, that the important failures of recent
weeks have not produced the large crop OF
minor disasters by many apprehended. The
volume of trade is still much above that OF
last year, and clearings show gain Of 81 pei
| cent. outside of New York. In the
speculative markets the general tendency
has b en- toward lower prices, though wheat
advanced on extrayagant reports of short
ness in European crops But the average of
prices for all commodities is about per
cent. lower than a week ago, and in wheat
the later sales indicate a declining tendency,
as in other grain and provisions. The busi-
ness failures occurring throughout the coun-
try during the past seven days, for the
United States ls3 and for Canada -, or 10
tai of 2ll, as compared with total of 2J3
last week. For the corresponding week of
last year the tiglrcs were 221.