Wichita eagle., 1888-07-07
DUN'S REPORT.
Changes Only for the observation-disclosures
Reestablished all Over the Country,

NEW YORK, July 6.-R. G. Dun & Co.
in their weekly review of trade say:
The commercial situation changes little
but only for the better. Crop prospects
grow more favorable with every week Of
satisfactory weather and the hopeful feel
ing thus produced throughout the Yves,
and south is felt Immediately in the in
crease of trade. Financial apprehensions
are nowhere of weight. At present money
is superabundant and the belief prevails
that the treasury will prevent pressure OF
disturbance. Such is the spirit almost
everywhere controlling, and business
depends so largely on sentiment, that
the hopeful expectations count fol
more than present dizziness. All over the
country the inactivity usually at this sea
son appears to be intestified by special
causes; by doubts regarding the tariff, by
wars of rates, by labor disturbances, or by
crop uncertainties, yet there is everywhere
confidence that better business is near at
hand and everywhere people are preparing
for a season of unusual activity. The bus
mess of transportation is much democrat
lied by cutting rates, and the growing ir
ritation threatens to bring more serious
reduction before long and yet there is a
prevailing faith that all quarrels will be
adjusted somehow when traffic becomes
large, though no one can quite see how
The spreading decentralization of rates af-
fects the stock scarcely at all, average
prices having actually risen during the
past week about half of per cent.
Notwithstanding stagnation almost
unprecedented, better crop prospects ac-
count for much Of the prevailing conf
dence Even in winter wheat re-
gions where the damage was greatest the
yield appears TO be greater than was eX-
pected, while the outlook for spring wheat
improves with every week Of good weather.
So of corn, which promises large yield
in spite of the bad beginning in some sec
tons The violent and extensive storms
of which the telegraph gives advices have
doubtless done some harm, but prior to
Thursday the weather had been generally
most favorable.
At nearly all interior points business is
reported quiet or dull, though the excel
lent prospects for farmers are noted as
justifying a confident feeling. Present in
activity makes the supply OF money ample
at almost every point, and the complaints
of slow collections are less numerous this
week.
The great strike of iron workers has
little effect as yet, the belief being general
that it will not last long. Yet the success
of one large establishment IN resuming
work with non-union men and the consent
of others to the terms demanded by the
association seem TO render speedy set
Element less probable. Excepting firmer
tone in bar iron the market has not been
perceptibly affected, and reported sales of
western rails at prices equivalent TO ST. 80
at eastern mills indicate no material in
crease in demand.
Dry Goods are duh as IS usual after
July /, and little new business appears.
While nearly all the great branches of
manufactures are affected By the uncer-
taiuties as 10 the tariff, the impression
grows in business circles that nothing Will
BE- done in Washington this year, and that
the business kept back by the uncertainty
will swell the volume of trade after con
gress adjourns Speculative prices are
stronger for breadstuffs, wheat having ad
yanced during the week SIC, corn 2szc and
oats &c. Cotton is also a shade stronger
with butter, cheese and potatoes, and oil
has risen csc.
The general average Of prices has fallen
IL per cent from January / 10 July l, but
has slightly recovered this week Foreign
trade improve little; exports from New
York for June being only per cent below
last years.
The treasury has taken in during the
pas. week s., qoo. 900 more than IL has paid
ont, increasing its deposit IN bank q, 41o,-
600. The exchanges at cities and towns
outside Of New York continue 20 fall be
low last years. but this loss Is in part the
consequence Of the great activity early n
TIE year. and for the naii year tne e3-
changes outside of this city were bat half
of l per cent below those OF the first half
OF 1851. At New York, however, the de-
crease was i3.s per cent; al Boston 81
Paul and Milwaukee, SIS per cent: at Gin
einnati. l0.S per cent. and at Baltimore las
per cent. while Chicago reports gain OF
20 per cent, New Orleans a gain OF o.s Per
cent and ST. Louis q gain OF per cent
The business failures during the last
seven days number for the United states
iG2, and for Canada -. or total OF Iif,
compared with III last week and Isl tor
the corresponding week last year.