The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1889-10-17
FINANCE AND TRADE.
THE CONDITION OF BUSINESS.
UNPARALLELED ACTIVITY IN ALL BRANCHES OF
LEGITIMATE TRADE REPORTED.

r. g. Dun & Co.'s Weekly Reriev Of
Trade says The Government report was
very encouraging, but tic loss of gold by the
great foreign banks-over 81, 100, 0OG by Eng
land, 100000 by Germany and 81, 80, 900
by France-was large enough TO increase APP
prehensions of monetary pressure. Large
shipments went from London to
Brazil and Egypt. These two
opposing influences ruled the markets
during the week Crops are large and busi.
ness heavy and the commercial outlook most
favorable, but money is comparatively close,
and there is possibility that it may be
closer yet, At New York, thus far, there
has been no increase, but rather a relaxation
of pressure, aud foreign exchange is unal-
tered since last week. The outward move.
ment Of products is large, the exports from
New York for two weeks exceeding last
years by 1877 per cent. while the increase in
imports is but 3 per cent. Large foreign in.
vesiments of capital in American industrial
enterprises are reported, and Of late no con
siderable foreign selling Of securities.
But the movement of money to the inter.
ior continues large, the Treasury alone for
warding s52jOOO on Thursday. Reports do
not indicate increasing pressure in the in
terror money markets. Though there is tight
ness at Philadelphia, considerable string.
ency at Cleveland, and the market is firm at
Boston and the demand is active at all cities
reporting, the supply at nearly all is ample,
and the an iCipated rise in rates at Oh cIgO
does not yet occur. At Philadelphia, rs
here, there is more confident feeling, and
the Treasury during the past week has made
considerable purchases OF bonds, and in all
disburscd 81 100, 600 more than it has taken
in.
The volume Of trade is increasing mt nearly
all interior points reporting, and this inyolv.
Is large demand for money. The bank
clearings last week were q per cent. larger
than last year at New York, . per cent.
smaller at Boston, Philadelphia and Chicago
but II per cent. larger at all other ciue,
taken together. This increase at points
where speculative activity has least influence
indicates greater volume of legitimate bust.
ness than has ever been recorded at this seas
on in any previous year, and the heavy ail'
road earnings,-l0 per cent. above last year
for September-tcls the same story.
The Government crop report was rather q
surprise to many, as it shifted wheat csti-
mates from: "a fraction over II" to 1913 bu
shells per acre, making the probable yield
not much below JOO,OOO,OOO bushels. The
acreage is still somewhat uncertain The
corn report indicates the largest crop
ever raised, and the same may be said
of cotton, with the proper reservation that
early frosts may vet greatly reduce the out
come. With heavy crops business in all de
partments will be stimulated, and ut the
same time the demand for money will be in
creased for of late wheat exports have been
moderate. and though cotton goes out more
tg: t,args,J Ian year agoit Is at least In par,
against bills negotiated sometime since,
The wheat market was rising when the
crop report came and shows still an advance
of Il cents for the week, but with dcclin
ing tendency and sales of only $50 O,Op
bushels while corn is and oats ic lower
and cotton &C. lower, with sales of 5i3 0V
bales in week. Pork propuCts are no
much changed, COTE and sugar u lttl
weaker, oil and the m.hor metals substan
TALLY unchanged.
Another indication Of the general prosper
ity is seen in the large sales Of boots an,
shoes, though prices were never so low a
any previous time, and leather just nov
quoted firm is Us low us ut any time in 3
years.