The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1897-04-22
DUE TO WAR SCARES.
Dun Says Greece and Turkey Are Making
Business Bad.

An undeclared war between Greece and
Turkey has been more responsible than any
other single cause for the changes in busi-
ness this week. Actual fighting with facts
which seem to make a formal declaration OF
war by Turkey inevitable have affected grain
markets much and stocks slightly. The pro-
gress of Mississippi floods does not change
the price OF cotton, and the settlement of
the more important labor diffl cuities has re-
vived works suspended last week. The tenn
porary decrease in exports and large in
crease In imports at New York (20s per cent
for the month caused questions about the
financial future which have not much in
iluence as yet. The increase In IMPORTS, So
800, OOO, or over 10 per cent from last year,
and Sl1, l00, 600. or 2S.9 per cent from Feb
ruary, II long continued, may embarrass
some branches Of business, but can hardly
exhaust balances balances remaining from
the unprecedented excess OF merchandise
exports. 1928, 3Sl $40 in MIN months ending
with March.
The wheat market, after its decline Of &c
last week, was prepared to rise with pros
poets Of European wal and increased pur-
chases Of exports, and has risen 4.37c since
last Friday. Exports for the week are very
small. and for two weeks Tut little greater
than last year. while corn exports continue
over tuTtt tltnts lHSt year = anu IOT TWO
weeks G,032, 0l5 bushels, against /, 1863, 1893
bushels last year, the price advanced less
than lc. Western receipts of wheat are
larger for the week. and for two weeks us
large rs last year. and the government re-
port indicates n considerable larger Weld
than that OF 1896, which has suficed to meet
AN extraordinary demand. Cotton has
scarcely changed during the week OF unpre-
cedented floods, though this years crop will
be materially diminished unless the water
soon subsidies. But there are numerous in
that in other parts OF the South u
large acreage is being planted.
The output OF pig iron increases, though 10
furnaces stopped in March, IA others with
larger capacity started, ana the weekly pro-
April | was lI3, 279 tons, against
1863. 9s6 tons last year. While 20 per cent
below the greatest ever known. the output is
so per cent larger than October !. and stocks
uDsold increased scarcely any, though tho
on record. The demand for nails
aud wire continues heavy and in spite of
heavy transactions in the past, in structural
work and rails is still fair, while there Is
much doing in machinery for export TO
Russia, Japan and South Africa. But bars
and most other finished products are in mar
row demand, and Bessemer pig is lower ut
30. 90 or less ut pittsburg, with gray forge
1865 there and only 1915 at Birmingham.
Delay in making contracts for lake ore re-
tards demand for products, but hurd ore
begun to sell at S2.l0 for chaplin.
P-int cloths sell slowly without change.
Wooden mills are doing a little moro, though
much machinery is idle, and there is scarcely
any buying Of qualities recently advanced.
Speculation In wool turns largely TO foreign,
and imports of iJ.l1I bales the past week
and 1926 the previous week at Boston
have not prevented higher quotations
for the beeter grades of domestic. Sales
At the three chief markets were 9.G06, 600
Failures for the week have been 2OT in the
Cnited States, against 222 last year, and 30
n Canada. against Sc last year.