The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1895-09-19
REVIEW OF TRADE.
Wheat and Corn Coming Forward Rapid
ly-Iron Still booming.


X. G. Dunn a Co.'S, Weekly Review
Of Trade says; A slight setback which may
mean much or nothing, according TO the final
outcome Of the crops. is not unexpected At
this season. II the government crop reports
were correct, the situation would not be en-
couraging. But not much confidence Is plac-
ed In the reduced estimate OF corn, none at
all In the estimate OF wheat, and even the
most enthusiastic bulls do not think IL worth
while to quote the government report on cot
ton. The fact Is that we are beginning TO
market not far from 1900, 900 900 bushels Of
corn, though only about 100000 bushels
will be moved from the counties where 1t Ia
grown; about 4j0, 900 900 bushels OF wheat of
which the farmers are unwisely holding back
large proportion; and about 7.200,000
bales Of cotton, II the latter indications are
not erroneous, as they very easily may be, TO
add to the stock carried over.
IL we are TO have q large crop OF grain and
small crop OF cotton 1t is natural TO infer
that manufacturers may ind large transact
tons at the west but not at the South. There
is in fact a very large demand for goods at
the West aud west-bound shipments are un-
usually large, although the eastbound ship
ments from Chicago for four weeks OF August
amount 10 only 2l0.3lS tons against 222. ia
for the same week IN 1894.
The largest output OF pig iron ever known,
l0i, 02g tons, is apparently supported by n re-
duciion Of "a. .0u0 tons In stocks OF pig iron
unsold, but the fact that the great steel COM
panies have taken large quantities. which are
net included In the official statement. renders
the account OF stock less valuable. The mar
ket for unfinished products Is a little weaker.
with indications Uf hesitation on the part Of
buyers at Philadelphia and Pittsburg, al
though prices are on the whole fairiy main
tanned.
The commercial stocks OF cotton September
/, here and abroad, amounted 30 2. 100. 53s
bnle- and domestic mills stocks were 3G1, ,Gls
bales allowing not single bale for increase
OF stocks ut southern mills.
Prices have settled back n little during the
past week, Notwithstanding the gloomy de-
partment report
The whea, crop Is evidently larger than tho
ieuartmont has estimated. though nobody
knows how much larger, aud is com ne tor
ward with more encouraging rapidly. 40
less than J.773. .l13 bushels having been re-
reiyel ut western ports against 5.ilG. .UJl
bushels for the same week last year, IRON "A
much larger crop The farmers have uu-
ioubtedy been keeping back wh"rt utter
an agreement among themselves. but
Il does not seem a profitable opera
ion for them. Exports from Atlantic
ports for the two weeks OF ~op'eu-
Der have been 2.Il7.~12 bushels. Hour iur.ui-
ed, against o jjlO. 3ZG bushels ,n-i year. Ihe
price declined sharply, about 2 cents per
DuSueI, WIN "tuc Ihul'h'aoh ot recovery.
The price Of corn has also yielded with
strong prospect Of the largest crop ever
grown, and Ht IS cents at New York IA large
proportion Of the crop Will te little profit TO
'armcrs.
There is great pressure for delivary ot
structural products and Flatcs. but bar iron
Is still quoted at pittshutg at l.46c, and tank
steel at l.l9r. The rapid shipments OF Mar
lu0tte ore during the past week. have some
influence upon prices of Besscmer products.
minor metals, although tin has been stronger
At times, with London buying, and copper
las been helped by the report OF IA big sale Of
axe at l2j.c.
Failures for the week were ls7 In the Unit.
ed States. against 2lJ last year, and 81 in
Canada, against a. last year.