The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1893-08-24
A RIFT IN THE CLOUDS.
Signs That the Recupcrative Powers OF
Business Have Begun to Assert
Hop,

Business Have Begun to Assert
Themselves.
II. q. Dun Il Co.'S Weekly Review OK
Trade says:
There Is a rift in the clouds. Faint and
yet definite signs Of improvement are all
the better because they come, not from
possibly dclusive hopes or from momentary
foreign aid butfrom the good sense and
won, eriul recuperative power Of the people
themselves. Business is strying 10 go ah cad
without waiting for Washington. Imports
Of gold Of -, 10000 or more during the
week do not go TO the right sroi, tut the
veople are creating home made currency
for themselves by using certified checks in
payin q hands. selling local accounts and
pur hasing grain and cotton.
Many concerns are failing or closing. but
mptions are now becoming somewhat
frequent aud IN the very shrnkage OF pro
ductiOn men see evidence that demand must
soon oyerta supply. No sucn shriukage
resulted at any time in five weary years
after the panic Of 1873 rs has already appe ,r.
ed in great industries Pig iron does not
rally. but sells at tl4 here and els at Pitts
burg for No. /. though the weekly output
| has been reduced AZ per cent. since May l,
but few large iron and steel works are be.
| gining To resume operations. Though five
have failed and ~ stopped during the week,
| IL have resumed. Only a third OF the Con.
| nelsvilie coke ovens are at work. but coke
| at al. % giver better chance To iron manu-
| iactufe. With such shriukage rs has occur
| red In the great industries IL Is only sur
: prising that railroad earnings do not dec Inc
more, the decrease on roads reporting In
| August thus far being l. per cent. The de.
crease oi 80 per cent. IN clearing outside
| New Ior last week and 30 per cent, this
| week is only natural.
A little more money is now found Tor
com mmsrcal loans, and failures of banks
| have become both less important and less
| frequent. though the greatest eau tion Is
shown in accommodations, Speculative
markets have generally declined u fraction
| IN ite ot crop reports which are not solid
enough to outweigh gr,a at Stocks IN sight.
| Cotton tell quarter of cent. with some
| what better reports OF probable yield.
Wheat drHgs near the lowest figures evei
| known in spite Of the decrease in the visible
| supply, for though Western receipts ARE moi
large stock on hand is far beyond the power
| OF steculRtors to carry with money markets
| in their present condition. The movement
of corn Is decidedly large, with crop pros
poets improving
The New York caring House has nov
| issued s3i. $50 COZ certificates and the Boston
Clearing House eli 20O,00), but more i'm.
portsnt relief comes from the abatement oI
the drain upon savings banks aud OF the de
II and upon other bangs for currency 10 be
used IN paying hands in this and adjacent
States. lett this decreased demand is o
itself evidence that the industries and trade
are greatly emharrasse ., many works hav
'<"S. sS>--,A-Snd many hands receiving nc
nor has ". ara Those ,lu. signs which
appear should be interpreted with ful
understanding that u genuine revival OF
business cannot begin until a larger demand
for goods. and better conditions otherwise
enable a grea er proportion of the shop. ant
mills TO employ and remunerate labor ~
usual. As yet the works closing exceed in
number those resumirg.
Business failures this week numbered 45
in the United States, against 1872 the SAINT
week last year. and p in Canada against >
last year. OfCnited States failures l5i wer
III the eastern States 81 in Southern and 2l
in Western States and Territories,
THE BUSfHESs BAROMETER.
Bank c,earinRs totals Tor the week endin
Aug. Il, as telegraphed to BrddStrees, ar,