The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1893-01-12
1903 OPENS BRIGHT.
Tho Old Year Closes in Glow of Pros
perity, but the New May
Eclipse It

perity. but the New May
Eclipse 1t.
Il. G.. Dun & Co.'S Weekly Review Of
Trade says The business Of the new year
opens well, though there has hardly been
time as yet TO get fairly under way. In
some branches of manufacturing there is
very conservative feeling, owing to scan,i-
ness of satisfactory orders but in the tex.
tile branches the extraordinary demand
creates general confidence. IL every part OF
the country and apparently in almost ev.
cry branch of business, the traders are look.
ing forward to a year Of large transactions.
But in financial circles the year opens with
q considerable feeling OF uncertainty, ow-
ing to the revival Of gold exports which
will be about e., 100000 for the current week,
and to the doubts about the action Of Con.
gress. The annual report Of various branch.
es Of trade come in with fresh evidence of
the unsurpassed prosperity land volume Of
business in 1872, but cast NO clear light
upon the future which depends in a large
degree upon monetary influences
The Government crop reports started q
little stronger buying but wheat soon re.
acted To 40 cents, n decline of nearly Il
cent for the week. western receipts in three
days being over 600, Upu bushels. IN spite
Of large receipts corn gained over ] cent for
the week and oats also, while pork rose al,
and lard 80 cents and hogs 80 cents per lOJ
pounds. Coffee is unchanged. and oil ! (!
cents stronger, but cotton showed NO change
with sales Of 500 Geo bales Speculation In
stocks Is depressed hy monetary uuNle.y. al.
though reports of traih, ana earnings con.
unue more favorable. Government, ana
other large disbursements make the mon.
ey market easier, but bankers expect ex.
ports Of gold TO continue for some time.
Industrial reports are mainly confined 20
the Unprecedented transactions of last year,
but IN iron weaker tone is manifest, with
reports OF reduced prices for pig IRON hy
some southern concerns. Deliveries Of rails
for the past year were but l3pu 900 tons.
The capacity Uut runs the demand tor fin.
ished products, su that markets are irrcg.
ular and weak, though iu structural and
sheet ron large business l. in prospect
The business failures occurring through.
ont the coun try during the last seven days
number, for the United States 2i2 and tor
Canada H., or u total of $40. ns compared
with a total OF 4S5 for the corresponding
week Of last year. rcpre.en'ing 1913 failures
IN the United states ana ~ m the Domin-
ION ot Canada
rur uioGfsr YEAE ruE rur uANEs.
The banner year Tor bank cIcarings has
just closed. The acgrp,a for "a cities was
S2,tS4 Us 3,9, a. incr ase Of Ul per cent
ON 1891 only - cities show decrease
from last year most of these being in the
Southwest and ON the Pacific coast New
York ceariugs aggregated SjGt61 400. .2Ul.
or JIb per cent OF the total, q gain OF Sc
per cent ot 1901 hpt "A Il crease ot from
1870. Chicago now holds second place IN
the volume of bank clrarincs.
BHAusrErrr Kr,oEIs cJirr oIFNING.
BrdUS'r,stS S says Stock taking and spsing
trade preparations have impaired a tone OF
quiet Ia most lines of business. Exceptions
To this, however are found i'm the distribu.
tive demand for coal clothing and boots
and shoes, stimulated by the present cold
snap. New England mills were active In
1897. New mills. and increased production,
large profits ana ,ow prices were the feat.
ures. Cotton goGds reduction was the
largest ever known, Wages advanced in cot
ton mills were also feature Ihe outlook
for 1898 is generally favorable fr a heavy
production AT low prices.
A. was y ''''cf 81 iNl-.,,os.4 49, NJ.
wheat pre- en- only temporary
crease was 2lis,l7. ruthels For the tort.
night, however, the net gain is only 10000
bushels while the official visible has
gained 297j,0OO bushels ON very much
smaller total stocks Exports OF wheat
from both coasts th week ltour included
equal 3,01s 02J bushels. against 9gl7,OOU
bushels last week 1891 5UO bushels one
year ago. 2O1b,UlU bushels in the week two
years ago and 1910 900 bushels three years
ago