The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1895-11-07
A TIME OF WAITING.
Great Activity Seen in Iron and Steel
Products

Great Act. vity Seen in Iron and Steel
Products.
r. g. Dun a cos weekly review Of trade
says:
The rapid recovery in cotton and the rise
in sterling exchange to the point at which tho
las, exports OF gold were made, have not In
creased confidence. There Is n little better
demand for most Manufactured products, RS
tail distribution IL fairly encouraging. and
the closing of many works is lees significant
Mt this season than IL might be nj Others. IL
is time OF waiting, and the uncertainty may
naturally continue for some weeks.
More activity is seen In iron and steel prod
ucts, though Bessemer and grny forge. billets
and plates, are a little lower. and the average
Of quotations given to-day Is 2.T5 per cent.
lower than at the highest point September IL.
and per cent. lower than In october three
years ago, and there is also shading OF quota
tions TO secure good business. Contrarts for
lake ere hang fire because wheat pays s2. 25
for the room on which ore would pay clio
from the head OF the lakes. The nall combi-
nation reduced its November output TO n
third its usual quantity, and the rail output
this year has been only about half the guam
tity required for renewals alone, which shows
the enormous increase in use Of steel for
building aud other purposes. Minor metals
are n shade weaker, and American tin plate
makers are talking good deal OF better
business by selling at 10 cents below prices
for foreign plate.
Wheat has declined / "a cents and corn ~
cents ia spite OF many adverse reports about
winter wheat. The heavr wheat and corn
movement helps railroads, but the earnings
thus far reported for October, while larger
than last year, are smaller than In 1892. The
largo demand for manufactured products has
held prices of cotton goods. aud even ad-
vanced some prints, In spite OF last week 5 de-
cline In cotton. The mills are said 10 be
carrying only moderate stocks.
"Bradstreets" financial review says:
Further weakness in prices, accompanied
by u liquidation OF speculative holdings,
marked the early part OF the week. IL would,
however. seem that the selling OF weakly
held stocks is now practically over. and that
n great many shares have passed into the
possession Of strong people. There has ac-
cordingly been n rally from the lowest quot.
atlons, though the market is narrow and pro-
fessional in character, and displays no little
uncertainty in Its tendencies. Several causes
contributed to make "A break In prices such as
the market has just experienced. not only
necessary but healthful. The condition oil
the exchange market does not mend. this
week having witnessed another advance IN
rates to n level at which the fear OF gold ex-
ports could again be excited. The coming
session OF congress creates fear that while
agitation OF the currency problem may ensue
| q settlement OF the matter on lines acceptabl.
to financial interests is improbable. Tho for
egn influences, too, have botn altogether ad
verse.
Business failures in the United State:
number 299 this week "a considerable increase
! over last week, as well rs the like week
| year ago. when the totals were respectivel,
/ 250 and 253. Failures ia Canada this weel
were 4S. a decrease under last week and tn,
week one year ago.