The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1889-08-22
BUSINESS SITUATION.
DUN's REVIEW OF THE TRADE.
CHANGES DURING THE WEEK IS TUE RIGHT Dr-
REcTIoN-IMPRovENENT IN IRON.

II. q. Dun & Co.'S weekly review Of trade
tinue encouraging, and the changes duri ng
the past week have been on the right side.
Exports increase and speculative rise In
breadstufls has been checked. Interior cities
report increase in the volume of trade, and
the money markets continue amply
supplied, though rates are gradually
hardening. The great industries APP
pear to be in fully as good con-
diton as last week, with clearer evidence Of
improvement in iron. Futher crop news
sustained Government advices and strength
ems the prevailing impression that the Au-
gust report as to wheat was less favorable
than the actual situation. In spite of small
advances in some products the general range
of prices has not materially changed, and
railroad earnings continue good, though all
controversies have not as yet been cleared
away.
Telegraphic reports from interior cities all
agree that the crops prospects are excellent,
and that the hanks are as yet hply suppli-
ed with funds, while the demand for money
is slowly increasing, and lenders are little
more cautious at some points
The Treasury has obtained but few bonds
of late and its surplus has risen above S70,-
OO,OOJ but there is a confidence at the de
partment that bonds will be freely offered
whenever there is any need Of more money
In the principal markets. The impression
among bankers, however, is that most of the
floating per cents are held for speculation
in the belief that the Treasury will be obliged
to raise its price. The capacity of iron fur
naces in blast August l was 1889 tons
against III ,il7 July / and 1850 year ago.
Notwithstanding this increase for the
month of over per cent in the
output prices Of pig are everywhere well
maintained. he settlement with coke
workers and advance in wages will doubt
less cause coke to advance to 81 p or 81 80
per ton, and so compel an advance in iron
produced with Connellsville coke for fuel.
But the character of the market generally is
peculiar for tn e most reliable and bes
known brands the demand exceeds the sup
ply. but for other kinds the reverse seems to
be the fact.
Wool is dull, dealers waiting for an adj
vance, and manufacturers for = fall in
prices, the mills meanwhile working much
below their full capacity. But there are some
signs of improvement in the clothing trade.
With sales of only 100000 bushels wheat
advanced cents, reacted and closed cent
higher than a week ago. Corn, with sales OF
5OOO,OOO bushels, rose nearly l cent, but
,1, lx,.itl Ia nnly ! uIvnnrn paag faf a n
ing the rise of I cent. The Bureau reports
encouraged some speculation for higher
prices, but it was soon seen that in any case
the supply Of wheat would probably exceed
all home and foreign demands. Oil took a
speculative dip of cents, and recovered
about cents, with no visible reason. Pork
products are generally lower, and cotton un-
changed for spot, with print cloths weak at
IS 81. An advance in some styles Of cotton
goods is by many expected, and the jobbing
movement is large.
The trade in drugs and chemicals at Phila-
delphia has also notably revived, though
dye stuns are still dull. The coal trade is
flat and disappointing, and anthracite stove
is said to be actually selling at 81, and
ltNtllltltNN dlbNll'l AAN hllNN ia NilN
selling prices of 10 to 10 cents per ton is pro-
posed for September l.
The business failures occurring throughout
the country during the last seven days
number for the United States Isl, and for
Canada 50, or q total of 2l3, AS compared
with total of 2Ol last week and 2lO the
week previous. For the corresponding week
last year the figures were 2l9, made up Of
Isl in the United States and 80 in Canada.