The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1890-01-09
REVIEW OF TRADE.
THE MONEY MARKET STRAINED.
n Conn dent Feeling Prevails, But There
isNoed of Caution.

Dun's Weekly Rcric,c Of Trade says: The
new year opens with most confident fcei-
ing prevalent ia all parts Of the country, and
yet with some features which suggest espe-
cial caution. The money markets
are strained at the East, close at Chi
caco Cleveland and Detroit, and
closer than before at Kansas City
and Omaha, but at other Western points
fairly supplied, the heavy disbursements
for intercs, and dividends, estimated a. SO
29i, 7lG at New York alone, nearly per
cent more than last year, will doubtless
give present relief Reports from other cen
ters of trade all show that unscaSonably
warm weather is having a depressing inilu-
encc, but IA other respects are generally en-
couragins.
Iron and other mills temporarily are clos.
ed for repairs Chicago f,ots up transac-
tions in ls~I amounting to $llITU'l,pD,
against 81 .11JvH,vJ in ls>S, gain of - per
cent; ia cur,i meats the gain has been
LOO Icrccnt, and ia dressed beef, lard and
cheese largo gains but flour receipts are
smaller, with an increase in grain. The dry
goods trade WAS fully up to the previous
years with easy collections. St Louis notes
the largest holiday trade on record, and rc.
I ipt. uf gram and produce limited only by
the trans porting power Of the railroads. At
Milwaukee there is Uurlsiuts, ~ to the near
future, and the weather cIu-r- SLOW Cu,lrc.
lions and similar fears al Detroit. At Kan.
sas city and Omaha business is fair for the
season. The chief industries are on the
whole unusually prosperous. 4 fuller
statrrrcnt of cpuun-inills dividends for lSNJ
indicates that they were larger than in any
previous year If specie prices. The leather
trade has become houcfIl, and consumption
of boots and shoes i, prpGirious. But over
production pushes price, too low for healthy
profits.
The iron trade pauscs' at this season, but
prices are firm at previous quotations. 4
combination ot glass producers has rtscdthe
price Of window glass higher than for the
rast five years and expect e. make business
profitable. Copper is selling at Sli2, for
lake for increasing consumption. The
wooden busiucs, is still the cloud in the sky
stocks carried over at the chief cities prove
70 bc g2,UoO,"Jp pounds more than ayearat
and sales at Boston for l.Np were l,it"l,U a
pounds. against lGiUrO,uJp for the p-eyiuu,
year decrease Of nearly ~ Ter cent. Pro-
duce markets have been duh The de.
cline in pr ccS of all commodities from Jan.
to Jan. " about q per cent, and the
rang - is now little lower than in any pre-
vIou. January for thirty year.. The average
for Is . was l9l per cent. below that ~ iN>N.
The stock market has been weakened by
monetary pressure for thcpa,t two weeks,
but the average price j, s. per share higher
than year ago. The Treasury has pu, out
only $luO,o O,oID more than il has taken in the
ra,, week, the large disbursements for the
new year having not been felt vet, but the
available sur, lus has been reduced .p,CUu,"pJ
for the month of December, in
dicatug large addition to crcu!a.
ton. Foreign trade cor rtuuc3 heavy, cx-
ports for live year, at New York falling only
l. por cent bc.pw those Of the prcyiou.
year, which indicates an cNcg,. Il twenty
millions or more iu exports over imports f,r
December The failures IN lo,I numbered
IO,>s!inthr United States, or in every o,
firms, and ~ in Canada, or in every O.,
firms. The aggregate liabilities were ; -
7~i.&57, In the United States, against Il g.,
So 957 in lN,S and S4,1i5,2-j in Canada
against 81, SllGJ The business failure,
during the last seven days number 81,