The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1897-04-15
DUN's A REVIEW.
4 Cheerful visw CT the situa.ion-Thsre
Will B, No Scarcity Of whea..

Out OF OF 1905 failures with liabilities OF
eco. 1852, SCI in the first quarter. II banking
failures covered more than. a fifth OF the
amount, Sl2, 7i4 $50, and 3,Si5 failures with
liabilities OF S35, 947, 500, or nearly three
ilfths, are classified this week according TO
branches OF business, leaving only 5S7 fail
ures and less than a Nth OF the liabilities,
sig, O60, 0l9. in branches OF manufacture or
trade no; specified. Only two OF the thirteen
Trading classes and only four OF thirteen
trading classes show liabilities Tor the quar-
ter larger than last year, and only five manu-
featuring aud three trading show larger
average liabilities. For ths month Of March
only three manufacturing md four trading
classes show larger amounts than last year.
and only TWO manufacturing and live trading
show n larger average of liabilities. In al
most every case. also, it is shown that the
Increase Is due to one or two exceptionally
large failures in that class. The returns
compared with those OF three previous years
disclose much improvement already, and u
bright prospect for morc>hereafter.
A sudden collapse in the wheat market,
exceeding 3 cents IN a day, appears 10 have
no other cause than n belGted perception
that past acception and estimates OF yield
and consumption. Official and other. have
been misleading. Floods and other I'M
favorable weather for seeding have no
weight. Expectation OF great scarcity and
high prices burst like u bubble, md for a
time the only support was the taking Of pro-
fits by spectators for u fall. Receipts have
not warranted hopes OF u great advantage,
nor do they now warrant much expectation
OF decline. Western receipts are smaller
than last year. and Atlantic exports not
large, though over so per cent larger than n
year ago. Corn receipts continue heavy and
exports for the week We're 3, 1913, S31 bushels
against 1872, no bushels last year.
The demand for cotton goods does not in
crease, although sales Of fair magnitude con
tiuue, but print CLOTHS are dull. Speculation
in wool has been checked by the possibility
hat duties may take effect April |, and some
large shipments from abroad have been
countermanded, while traders here are less
disposed TO sell. But trading between deal
ers makes up more than hail the sales OF
IL, 739. 400 pounds for the week, and since
sales in six weeks at three markers have been
40, i6i, 600 pounds 1t is not improbable that
many mills have, as Is claimed, q full years
supply. The demand for mems goods has
diminished. the first round Of purchases hay.
ing been completed by many buyers with re-
suits fairly encouraging and the demand for
dress goods, especially OF the lower gradcs,
has caused IN advance Of D per cent in som
Lines.
The iron industry Is ham pered by the con-
test between Mesaba ore Interests. which
prevent as yet any settlement Of ore prices
and leads many TO expect further decline in
finished products. The Illinois steel works,
the Lake Erie works at Cleveland and the
works Of Oliver a. Co. and Byers d Co. Mt
rittsburg are stopped by labor difficulties,
and some furnaces have stopped because the
production Of pig had outrun the demand
for finished products, and heavy stocks re-
manned unsoid.