The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1896-05-07
LOWEST EVER KNOWN.
Dan Thinks Poorly of the Price Of. Com
modities.

As the season advances there l. more bust
ncss. but adyices indicate that on the whole
the prevalent feeling Is that the gain was
less than there was reason to expect While
the retail trade has been active enough to
materially lessen stocks and obligations, and
thus 20 prevent great many threatened cm-
harraSsmcnts, IL has not yet brought enough
now business e. mills or factories to prevent
decrease Of unified orders aud clOsin Of
some works. Substantially the same state OF
things exists in all the great industries not
withstanding the strong combinations in
some, and evidence Of inadequate cCnsump-
ton appears In the fact that the general
range in prices for commodities. farm and
mine, Us well rs manufactured products, Is
nearly per cent lower than 10 was in April,
and the lowest ever known, the decline since
October. 1892, being lG.7 per cent. Specula-
tion has raised cotton an eighth though re-
ceipt- and crop reports still favor lower
prices, and accumulated stocks of unsold
goods are very large. Wheat has declined
! e. for cash. with better accounts for win
ter and rapid selling OF spring. With only
two months of the crop rear remaining there
H. little 10 encourage higher prices. SILK has
weakened little. owing to the unloading of
japanese dealers. Wool H. weaker. the wool
year closing with the greatest quantity of
wool on hand ever carried over at this sea-
son. April sales were smaller than any
month since June, 1894. Exports continue
both OF domestic and foreign wool, and sale =
10y manufacturers who lack orders to con-
tinue productisn.
Wooden goods have not improved In de-
maud and the iinnncis have opened 8 to 10
per cent lower than last year. though the
material decrease ot production has given to
other mems good rather stronger tone.
Dress goods are helped by the restriction Of
I foreign imports. but the association reports
that on the whole wool machinery IL not more
than hall employed. Some cotton mills have
ceased production. including one largo
printing establishment. and stocks on hand
. stil increase, though for brown goods there
| has been "A better legitimate demand and
/ great quantities Of einghams have been NOV
ci hy drives at prices low beyond all precr-
/ dent. The decrease In shipment ot wooden
| goods from Europe has been quite marked,
and stocks In warehouses are tlarge and in
crra-ing
/ Large purchases of lake ore by the prn-
I rpal CONSUMERS. contracts securing control
/ of low phosphorus ore and lower rail rates
/ to Chicago for Conncllsyille coke In order To-
/ compete with nOcahoutas coke, are the main
/ features In the iron industry, but the revival
of demand il yet deferred. Higher prices
I for nails have caused active buying for the
! week, but large consumers decline To con-
/ tract a. yet for bars. and the rod combination
, has fallen through. Middlemen still sell
steel hillcts at sl9 at Pittsburg. against 500
said 10 be only $4,000 tons. Structural pros
I poets are good but In other branches the de-
[ mHnd Is less active. and the bessemcr pig Is
| weak at sl3 at Pittsburg. The anthracite
/ coal concerns, have advanced the price 25c
/ pcrton. Fnilurers for the week hnvc been
23S IN tie United States. against 23l last year
and 81 In Canada, against - last year.