Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1888-06-30

weekly review Oh trade Will say: Inc nalt
year closes with volume of business at
this date, about 10 per cent. smaller than
that OF last year. but larger than that Of
1886, or previous years. The general COM
plant that business is dul means that the
reaction from the greater activity of year
ago and from the confidelt expectations Of
last winter is keenly felt To very many
traders, who bought largely in their over
confidence. the shrinkase brings serious
losses, or actual embarrassment, and to this
cause is mainly due the increase noted
during recent months in the number of
failures. For the past quarter, failures
number 2,24l in the United States, against
1,9O5 for the same quartz. last year, and in
Canada 343 against 3l5 In amount of
liabilities there is also sn increase in the
United States S29, 229 350against SD $40, $50
last year, but decrease in Canada $2, 75l,-
GA against So, 3o7 ,9S6 hst year. Prices
have declined little more dur
ing the past week but show at
the close some recovery. Wheat is but
q quarter lower than week ago, corn
cent lower and oats cant higher. Frac-
tional gains appear in lard and coffee,
while cotton has weakened an eighth and
spectators for rise have been hastily un-
loading. Oil is about cent lower and re-
fined has declined an eighth. Bar iron ap-
being deemed possible, and better prices
are realized for bessemer pig at Pitts
burg, but other quotationsdo not improve.
No. / foundry has been sold for less than
SIS at Philadelphia, and steel rails are un-
changed Wool remaiIs unusually dull
for the season and the manufacture shows
no signs OF recovery.
The general average of prices of COM
modities is but small traction lower than
week ago, and II crop prospects should
prove less favorable, some advance might
at any time begin. The crop prospects,
excepting as to winter wheat, continue
generally encouraging In every respect
save this. The lateness of the season makes
all crops peculiarly liable to injury if the
weather for the next two months should
prove exceptionally hot or dry. But our
reports from nearly all points show that
with favorable weather, an excellent yield
may be expected. As TO winter wheat,
however, the reports do not warrant re-
duced estimates of the loss, and on account
of thisshortage the weather in spring wheat
regions will now be watched with the
greater anxiety.
Accounts from the cattle growing regions
are favorable, but low prices are seriously
felt by growers. The clip of wool does not
appear to have diminished materially, but
there is less readiness to market than usual
because OF general belief that prices may
improve after Congress has adjourned.
The value of business is good for the season
at Omaha, Cleveland, Denver and st. Paul,
but is generally somewhat disappointing.
Complaints of dullness in trade and slow
collections, came from most quarters,
though the supply of money is at almost
every point adequate. In many cases the
diversion of capital 10 real estate opera
= lara
BILE pressure. The latest reports of ex-
changes show q decrease in the vol
ume of business in comparison with
last year of Is per cent. at New York
and 1917 per cent. outside of New York; at
Boston the loss is over 20 per cent, at Balti-
more and New Orleans about Is per cent,
and at ST. Paul Is peAcent But gains ap-
pear Of is per cent atI IPittsburg, per cent
ut Cincinnati, and 81 per cent at Kansas
City. In foreign trade exports still fall be
low last year, for June about sx per cent
| while imports slightly increase. The value
| of exports for the fiscal year has probably
been about S697, 600, ,0O0 and of import.
about $722. 100000. No gold of consequence
has gone abroad. nor has the Treasury made
| further bond purchases of importance 1t.
statement of cash on hand shows no gain ol
| loss for the past week. In the stock mar
ket dullness has q slightly lower average o.
prices, but holders hope for July rise anG
reports of railroad earnings continue good
| On the other hand, the cutting OF rates in
creases and prospects of State regulation o
charges at the West grow more threatening
| The annual reports OF the State busines
from branch offices throughout the country
issued by r. G. Dun & Co., the Mer
| camille Agency, present q mass of valuable
| information. Ii will be observed that un
| certai,aies regarding the action of Congress