The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1897-07-29
THE WEEK In TRADE.


Receipts Of Gold From Alaska Nay Prove
Denincial to Business.
r. G.. Dun & Co.'S weekly review Of
trade says:
The end of uncertainty regarding
duties on imports gives greater con-
hdence alike to those who have op-
posed and those who have favored the
change. The great strength in stocks,
particularly In those of the granger
list, reflects assurance of heavy crops.
The remarkable rise i'm wheat, notwith-
standing that assurance Is based on
heavy buying for export and belief that
foreign demands will be large. To these
must be added another element of con-
fidence scarcely observed week ago.
The heavy Increase in receipts of gold,
whether from one side of the Alaska
border or the other, swells deposits at
the mints and in the banks of this
country. and II the yield from new re-
gions answers current expectations, II
may have an influence akin to that OF
gold discoveries in California. The one
retarding force-the strike of coal min
ers-has caused closing of a few manu-
featuring works for want Of fuel, but
negotiations for settlement are still
pushed with hope.
the month. Since July 9 the price has
risen II cents by Wednesday. when a
reaction of 4 cents was not surprising,
but the close was 5-S cents higher for
the week. 1t Is notable that this rise
came in the face of highly encouraging
crop news, which Is not disputed, and
had for support nothing but foreign
conditions and demand. Actual buy
ing for export has at times been heavy.
and loading of cargoes here and In
California for countries which usually
contribute to European supplies great
ly strengthens the impression produced
by continental reports that there Is
speculative handling behind the great
advance Is evident, and the buying for
export has not yet resulted in Atlantic
exports quite as large as last July to
date, 4,632. .440 bushels, flour included.
against 4,96l.776 bushels last year.
Western receipts, 5,252,27l bushels in
July, against 10,275,257 bushels last
year, indicate concerted delay of ship
ments, which, however, rarely with
stand the influence of a substantial
rise. Corn exports are still heavy, g.
635. .395 bushels in July, against 2.42l, 1893
bushels last year. which perhaps re-
fleets more certainly than the wheat
movement the actual conditions
abroad.
The Illinois company has sold basic
steel for export to Germany, New
York sale of hoops for export to Man
chester is announced. and additional
orders for Pennsylvania iron bars to
England. Bessemer pig Is a shade
lower, with other quotations unchanged
but the demand for plates. sheets. pipe
and structural work is growing. Minor
metals are in better demand, tin at
sl3 95 and lead at SO 10. and copper is
sustained at s11 12la for lake exports.
though the June production was 1858
tons, and that of the half year 1OS,65l
tons. There Is a general advance in
boots and shoes averaging about ~ per
cent. with a larger demand, as dealers
lose hope Of lower prices; but leather
is unchanged, and hides at Chicago
average per cent. lower.
Failures for the week have been 227
in the United States, against sS1 last
year, and 2S in Canada, against 80 last
year.