The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1889-10-24
REVIEW OF TRADE.
THE IRON TRADE Is HEALTHY.
MONEY IN DEMAND, Bur STILL ENOUGH ron
COMMERCIAL NEEDS.

r. g. Dun & Co.'S Weekly Rcrieic Of Trd1s
says: AS before, the money market is the
one point of anxiety. Rates are higher, but
perhaps apprehension has somewhat lessen
cd as the senseless cry that the pressure was
only manipulated has given place to a more
rational understanding of the reality and
consequent limitations of the de-
mand. At New York the outgo to
the interior still continues. The country
still calls for money largely, but reports from
nearly all interior centers of supply show
that the supply is considered ample for COM
mercial needs. At Philadelphia customers
are supplied at 8 to 7 per cent The volume
OF trade continues large, bank cearings ex-
oeed last years, railroad earnings are en-
couraging and east.bound shipments from
Chicago are heavy. Cleveland notes activity
in oil lines, with small sales of ore because
unsold supplies are scarce. There is little
activity in coal at Pittsburgh, but glass
works are busy at old prices we'll held, and
the coke output at Connelsvllc is reported
In excess OF demand by one days work each
week.
The iron trade is still healthy, Southern
furnaces seeming 10 have well sold up and
though an offer of a Lehigh Valley brand
No. ! NJ $lG 30 is reported. the quotation for
pig is Sl7 TO SIS 1hc iron is not as firm as
other forms, aud the surprisingly heavy de-
mand for plates and structural forms is for
steel rather than iron. Rails are quoted ut
s33 %, with sales Tor the week of o., % tons.
An offer for 5000 tons American iron to be
shipped to Scotland failed because freights
were too high.
The shipyards on the lake are to be very
busy next season, contracts for 80 vessels.
with atonnage Of $500, being quoted.
The wool trade is still dull, and while
there is fair movement Of dress toJds and
enlarged discounts have caused more busi-
ness in knit goods, and demand for mems
voolens is strictly moderate. The cotton
manufacture is thriving, the receipts and
exports both continue to exceed last year 5
largely.
Speculation for higher prices in wheat has
not been active since the last Government
report, and heavy Northwestern receipts.
with scanty exports, combine to deprcss
prices. Corn has declined ic and oats lie,
while pork products, though still sustained
by the clique, are n little lower. Coffee has
yielded ic and is weak at Rio traders sus.
pest, on better knowledge of the yield than
has been forwarded.
The coal business Is better with coolc,
weather, but by no means satisfactory.
Stock at tidewater increased 1900 tons in
September, and the Reading Company has
temporarily stopped nine of its colIcries, in
cluding two Of the largest.
The minor details show little change, and
the European stock of copper, which fell
rapidly for a time after the collapse of the
syndicate, scarcely diminished at all last
month. The price Of raw sugar has again
declined an eighth and of refined a quarter,
and a circular announces the approaching
opening OF the large Spreckles Refinery, but
the fall in Sugar Trust stock has been ar
rested by an upward reaction.