The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1890-11-20
BREADSTUFFS LOWER
THE PANIC HAS NOT AFFECTED
TRADE!A
Dun's Report on the Condition Of Busi-
ness in This Country.

New York, Nov. AR. @. Dun & Co IS
weekly review of trade says Reports from
other cities show that at most points the
events in Wall street have had little or no ef-
feet as yet. At Boston transactions have
been somewhat limited and money! is firm at
high rates; wool sales are smaller, SOC, 600
pounds, for the week; leather is quiet, and
hides dull and lower; boot and shoe manu-
facturers are getting the recent advance in
prices, with shipments exceeding last years,
and lumber is quiet
AT Philadelphia, money is light and little
commercial paper offered for selling. Wool
manufactures are buying more literally,
with slight advance in some grades. At
Chicago; money is active at per cent but
country banks are sending in funds for in
vestment, and Eastern disturbances are little
felt. Grain receipts and cured meats equal
last years, while trade in dry goods, cloth
ing and shoes is much larger. No other
Western points shows disturbance in trade,
though money is generally close. At st.
Louis the rate is to s per cent and the vol
ume Of trade large at Cincinnati money is
tight, the clothing season exceeds expecta-
tions and the grocery trade is very good; at
Detroit money is close at :, manufacturing
active, Michigan wheat area showing per
cent. increase. At Cleveland money is tight
and trade good, except for clothing. AT
Milwaukee money is close at I, and Eastern
troubles do not check trade. At Omaha, st.
Paul, Denver and Kansas City money is
in strong demand. Southern cities make
much the same report. Baltimore reports
all business healthy mills running full and
trade brisk. New Orleans finds money
active, cotton receipts below last year, but
sugar and rice liberal, with good demand
for all. Atlanta reports easy money and
good trade, and Savannah reports money
tight, but trade active. At Jacksonville
earlier Northern travel than usual causes
activity. These accounts show a remarkably
encouraging condition of business, but more
than the usual scarcity of money in spite Of
good collections.
Breadstutfs are lower, exports in October
showing a heavy decrease. Wheat fails
cents for the week, corn . l-2 cents and oats
nearly cents. Pork products are steady;
coffee and cotton unchanged, though in the
latter, Sdleo LOT lllC week are ftO,uyu DAleS ana
oil is lie lower. The general speculation
in products is less active than usual. The
stock market, after the severe decline on
Monday and Tuesday, rallied little but
was weaker again on Thursday and Friday
forenoon, and much affected by rumors of
further failures feared. The Treasury has
put out 5000, 900 more silver notes, but taken
in 81, ,40O, 600 more of other money; its offer
to buy bonds being ineffective.
While exports of products were enormous
in October, they have fallen II per cent. be-
low last years for November, thus far at
New York, but larger excess over imports
| fails to affect the money RarRet, since the
movement of securities this way is large.
In Oc'ober, exports of the principal products
were s72, IS 036 against S7l, IDS, ,6l3 last year.
when the aggregate of exports was the
largest ever known. But the state of the
money market abroad and Of the trading in
securities prevents movement of specie in
this direction, and, for some time to come,
pressure in the money market here is prob
! able.