The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1896-06-18
MARKED IMPROVEMENT IN BUSINESS
OUTLOOK UNCHANGED.
Fictitious Prices and Artificial Attacks
Scared None.

Speculative reaction has not In the lea
changed the business outlook. The fictitious
prices made for wheat and cotton meant no
good except for individuals, and the change
prices more nearly In accord with actual
relations OF demand and supply. only con
forms to conditions which have been WELL
known for months. The attack on stocks on
Wednesday was 40 plainly artificial that its
influence passed with the day and neither
foreign relations nor In domestic business
was there anything to justify alarm. The
government report as to wheat indicated
much smaller yield than anybody really eX-
pects but that become so much the rule
that the report had no real influence, and
the real principal effect was the serious de-
preston caused by large sales and antcipa-
tion OF the report which seemed TO be- thor
oughly known in advance TO some speculators
While Atlantic exports for the week were L.
5sS, l5S bushels, flour included. against only
sO9. .539 last year, the comparison IL obvi-
ously exceptional and significant, while the
receipts ut Western ports OF 2.i29.3i5 BUSH
els against $50. $50 last year, show persist
cncy OF conditions which haye governed the
movement during the whole year. The gov
ernment estimate ~ TO cotton was unexpect-
cdly favorable and has caused decline OF
more than half n cent In a single week, but
II is only just TO say that some reaction from
artificial prices would have come earlier II
information mt ch more reliable than that OF
the government had not been persistently
discredited.
II is not the time 10 look for marked i'm q.
proyemvnt In industries and the best thing
that can be said Of them Is that none have
a. yet been seriously disturbed by threatened
labor difficulties. IL seems not improbable
that all such difficulties may be ayerted. ex-
cept perhaps the controversy about wages
Of iron puddlers and and tin plate workers.
While consumption i fair, IL is much be-
low the actual output OF pig iron, and the
markets age extremely dull because a grcat
many orders for finished products are being
kept back by uncertainty regarding the
maintenance OF prices by the various pools
and combinations. Tho billet pool has been
able 10 make its first large sale. but with the
guarantee of the price for months to come,
while the middl"men are still selling billets
Mt pittsburg cents 10 Sl per ton lower
than the pool price. and the apprehended
weakness In finished products has
clcar.y appeared, although the nail a-socia-
| tions. by taking In the Pitt-burg Wire Comp
any and Backs X CO., Of Pittsburg. has been
able to hold prices for a time. But steel bars
have been sold at cent against IL cents
asked In the same market for iron barL
Other changes ia quotations are not material
| but In all the markets the tendency Is toward
| lower prices.
Tho textile manufacturers are making no
| improvement. The accumulation Of cotton
continues. Print cloths have declined 10 the
| lowest point ever reached. and general
| stoppago 20 relieve the market is expected.
| Sales oi wool In two weeks Of June have
been only 8, s23. 500 pounds. against i256l,
9jj last year, and no gain IL expected In the
manufacture for some time to come.
| Failures for the week have been 2i6 In the
| United States against 2il last year, aud y IN
| Canada against "a last year.