The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1889-06-27
COMMERCIAL.
THE CONDITION OF BUSINESS.
A Slight Improvement. But Nothing
to Bo st About.

r. a. Dun g. Co.'S Weekly Review OF
Trade says; While business israther moro ac>
tive; It cannot be said that the outlook has
ON the whole improved There Is a better
feeling, with larger transactions In iron and
wool, and crop prospects ar favorable; but
the agreement of railroad presidents has not
prevented renewal OF strife, and tho de-
moraliz,tion Of rates is spreading widely.
lhs exports Of gold to-day will exceed
$4,4O0. IL the railway outlook continues to
discourage foreign investors. and the banks
tegn the last half OF the year with low res
serves, gold going out, and largo crops TO DO
moved, the momentary prospect will not be
quite encouraging The present increase
over lost year in the volume OF payments
through clear NJ houses is large at New
York, averaging 81 per cent for two weeks
OF June; not 30 large at Boston, Philadelphia
and Chicago, whers speculation Is active,
but averages for the two weeks 1873 per cent.
and smaller, but yet consi ierable at tie 30
remaining towns, where the increase for
two weeks averages 9.2 ger cent
This actual increase of4 per cent In volume
Of payments is fairly distributed, though
at about third Of the cities fall below st
years. At Milwaukee continued wet weath>
or retards, and business is rather quiet in
kanses City and, outside OF speculative op-
crntions and the iron trade, It Is generally
dull ut Philadelphia, but marked improves
ment is noted at Pittsburg and in a less de-
gree at Cleveland. The demand for mon>
ny israther active there, but generally very
moderats with collections, not on the
wholeperceptibly better. Rai,s have decided-
ly improved crop prospects in tho North west,
so that great hopefumess tinges all COM
mercial reports from that sec ion, and the
demoraz ition of rail rates is commonly sup
posed TO promise better returns to farmers,
while the difference in cost Of transporting
Eastern products to Western consumers Is
already considerable throu Zhout the region
north and west Of Illino s. Lake and canal
rates have also been reduced, and are near
their minimum
Better prices for iron are reported at Pitts
burgh, at Philadelphia, and, to some extent,
here, the adya ce on many kinds Of pig
Northern No. can still be bought here at
sl6 50 to SIS, AMI Southern No. l at $40 25 to
$l7 90 per ton. The markets for mlnufac-
turei products are stronger aud higher, but
there is a feeling OF doubt whether tho im>
provement will hold after the orders have
been placed which result from recent d =
structiol of property by foods. In coal res
cent hopes have not been realized 1t is even
stated th,t the Reading Company las not
received "A single order at the late advance,
and sales below the schedule are reported at
Philadelphia. Copper is unchanged. but tin
is lower at 20 cents, production having been
stimulated.
Wool is rather stronger, 10i quotations
averaging $40 Of a cent higuer and manu-
facturers in some lines buy more hopefully,
but in many Others tho state Of the dry goods
market Is still given as good reason for buy
ing no more than enough for imme liate re-
quirements. Wheat has been advanced 1s<c,
with sales of 6O,0oO,0O0 bushels here for the
week. But this speculative movement 'e,ms
TO take no account of the fact that whe 1t aud
-four equivalent to about 10000, 600 bushels
in excess Of the minimum stock will probebly
remain from the last crop on July |, to be
aided 10 new supply, which now promises
TO exceed all requirements for the next year.