The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1889-10-31
THU CONDITION or TRADE.
~o MORE APPREuEsaoss OF sERreus DISTURB


~o MORE APPREHEHsIoNs OF sRRfeue DfsrUhb-
ANcE.
r. @. Dun & Co.'S Weekly Rerie,c Of Trade
says: The money market has become more
easy with prospects that serious disturbance
this season is no longer TO be apprehended.
The banks are running with narrow re-
serves, and artificial stringency may any
time be engineered, but the movement OF
crops has been heavy. Securities do not ap-
pear TO be moving largely either way, while
merchandise exports for three weeks show
gain of IA per cent. over last year, against
gain of 10 per cent. in imports.
The trade in lumber is fair, but best In
finished hardwood Iron ioundries are do
ing good business with manufactured iron,
free in sales and firm in p ice, and coal is
steady. Philadelphia also notes more activ-
ity in clothing, n good trade in liquors, aud
moderate sales Of chemicals at better prices.
The wool trade has been the largest here
for q long time, and more active at Boston,
where sales were 3, 10000 pou ds, but duh
at Philadelphia. Plainly. some manufac-
turers are taking hold with more confidence,
| the market having been nearly cleared OF
some grades of foreign stock, imported un'
der old rulings, and imports Of worste,ls hav-
| ing of late decreased.
| Iron grows stronger, the Tomas Company
! having advanced its price 81; demand
| from Canada and from Mexico is felt, for
/ eign prices being high. Bar iron is firm,
blooms ana bllets feverish, and rails are
| $3i 90 and s32, the orders already booked
/ e.. tsan .,,.,,,,i,., -sn 900 ,,ra ar mora
/ Copper is steady tin shade lower here at
! 2Osc, and lead depress Il - 3lc by expccta-
: ton of large Mexican supplies.
The coal trade is dull, and the weeks
meetings have accomplished nothing, be-
yonu fixing upon 100000 tons as the out
put for November; sales are generally below
the schedule, stove at S3 ~.
Liquidation in wheat continues with
prices cen $ lower than a week ago and sales
I of 65OOO,0O0 bushels here. Stubborn facts,
heavy rcce pts and scInty exports wear out
the patience of those who have had faith in
a worlds famine, and State official reports
indicate u larger yield than those OF the de
partment. Corn is &c higher, with sales oI
5,500,OOO bushels. and the export movement
ST exceeds last years.
Oil has risen cen S, coffee is unchanged
and sugar is ,ain lower. Cotton CONTINUES
downward, receipts exceeding ose of thu
same week last year by 1000 bales and ex
ports by 30, % bales.
The market for securities has been weak
in spite of relief in the money market an'
some very favorable reports regarding par
ticular properties. The traffic arrangement
between the Union Pacific and Chicago an'
Northwestern is thought to foreshadow al
abandonment Of the so called Presi tents
Association and an attemp. to secure NOR
effective consideration. Earnings are 10
per cent. larger than last years for Februar,
thus far, but the Pennsylvania statement fol
September SHOWS a very sclnty i""rease, anC
causes disappointment
The business failures occurring during the
last seven days number for the United State
1888, and for Canada 81, or total Of 225 fail
ures, as compared with 223 last week an,
2l4 the weel before.