The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1897-05-20
PRICES ADVANCED.
Spectators in Many Products Get Better
figursl


r. @. Dun 4 Co.'S weekly review OF trade
says:
Spectators have enjoyed an advance in
wheat, corn, cotton and some other pro-
duets, though obliged to sell wool and sugar
mt lower figures in order to realize. Stocks
have advanced 7c per Sl00 and trust stocks
lost 3s cents, without enough demand to
constitute n market. Imports Of merchan-
disc, SIS. .3S2, 0l9 for the week at New York
alone, are % per cent. larger than a year
ago, making the increase ~ per cent for the
past six weeks, and have affected the ex-
change markets and helped further ship
men,s Of gold, which amount for the week
to $2, $50, 900, but are practically balanced by
receipts from the interior and cause no seri-
Gus apprehension OF financial disturbance.
Men feel that present con iitions are only
temporary, although they tend to prevent
immediate Improvement in general trade
and hinder immediate Investments.
The government crop report estimates
cotton acreage at per cent less than last
year, and is considered encouraging because
so sligh; decrease from the floods may be
easily made up. Prices have advanced 10
on Liverpool speculation, with nothing here
to warrant the rise. The winter wheat re-
port, which Is supposed to indicate yield OF
297 .000, 900 bushels, is contrasted with state
reports much better or much worse. but Is
distrusted mainly because all department
estimates OF acreage for years have been
wildly erroneous. Western receipts con-
tinue larger than last year, =. .109, l2S bushels.
against l.S10. 367 bushels year ago. and At
lantic exports also increase for two weeks Of
May, amounting to 3,106, 900 bushels, -four
included, against 2,0S3, Ala bushels last year.
Exports OF corn are still large, 5,565, ,S65
bushels for two weeks, against 5000, l81
bushels last year, and In part account for
smaller demand for wheat.
The output OF pig iron for the week end
ing May was l70.52S tons, against 73,279
April /, and the stocks unsold, exclusive OF
those held by the great steel-making COM
panies, increased only 8, sos, 900 tons. Sev-
eral furnaces, especially those producing
foundry iron, have stopped production for
this month, but no important changes appear
in pig iron, which is quoted at Is. 25 for gray
forge at Pittsburg and 1926 for bessemer,
and Sl2 for No. at New York, though only
Sl0.25 is asked for southern. Reduced south
ern freights here have not altered the mar
ket materially, and at Chicago also the local
prices have been reduced.
The demand for finished products is below
the capacity OF works In operation, and the
award OF the contract for the Montreal
bridge, which is said to be at 30 cents for
beams, against sl.55 demanded from con-
sumers In this country, has occasioned
trouble in the beam association. and there
ure reports that It has been dissolved. Angles
nrc quoted at 95 cents per 100 pounds, II
shade lower and steel plates are quoted
lower here than at Philadelphia. Copper is
active, with large sales Of lake at 10. .35 cents,
and tin plates are quoted 10 cents below
prices fixed by the association, and SO cents
below prices OF the same grades OF foreign
plates.
Nothing new can be said OF the cotton
manufacture. which still lacks demand
enough TO lit print cloths above the lowest
point ever known, and prices OF other
grades OF cotton do not improve. In general
the sales OF cotton products are but mode.
rate. Woolen goods are doing better than
for weeks past, aud yet there is not enough
demand td create enthusiasm or to raise
prices, while there is great unce rtainty re-
rarding the future of the market Sales Of
wool have sharply decreased, aud for the
week barely exceed weeks consumption,
while prices are weaker at eastern markets.
according to some reports nearly l cent per
pound at Philadelphia, and at the West
traders for speculation have begun to sell
for some concessions with good reasons.