Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1888-07-28
BUSINESS IMPROVEMENT
CROP PROSPECTS GOOD AND LABOR
TROUBLES DIMINISH.
= @. Dun Q Co.'s Weekly Review of
rrade-Iron Mills at Work Again
Stocks strengthened-Railro Rates
ke<iuced-Coiiectionss Slow, However,
4crease OF business Failures.

Sfw YORK, July 2S.-R. G. Dun & Co.'S
kEkly review of trade will say: Improve
tnent continues, as crop prospects are still
good, labor troubles diminish. and pros
poets Of = change of tariff lessen. The de-
rislon that Senators will mature bill is
generally supposed to ensure no agreement
1t this session. Collapse of the Western
Iron Manufacturers Association has set
nearly all mills at work, and makes pig
IRON hrmer but bar iron weaker. The
othcial report shows decrease of 347, 600
tons In output of pig iron for the half year,
with an increase OF IS l2i tens in stocks
unsold- Southern States produced 433. 1856
3ons, against AZ, $50 for the last half of
1881, with IL, 1S6 tons more unsold, SO that
the great increase which was expected in
supply from that quarter has not vet been
realized. The decrease in BeSsemer pig
production Was 49,, $50 tons, and in rails
produced SSl. .l2S TONS so that production
and consumption of other iron was fairly
mainSaiied.
Stocks have been strengthened by de-
tlsion arresting the enforcement of Iowa
rates. according to report on the broad
ground that Legislatures have no power to
hx such rates that companies cannot earn
liked charges and something for dividend
ersldes Wars OF rates do not cease and
Interstate decisions ON many important
cases are deferred. But net earnings of 81
roads IN May showed a loss of S4 per cent,
though their gross earnings gained 64 per
cent ana the gains in gross earnings for
July have been less than half as large
Statements show that :, i2S miles of road
have been placed in the hands of receivers
during the half year, with $l53 $50, 600
boIicts and stocks, against only 42S miles
and $2s 2oo,OJo bonds and stocks for the
First bali Of last year. But the average
price of stocks has risen about S1.40 per
share, though less strong OF late Reports
of domestic trade are almost uniformly en-
couraging. for, though duliaess yet pre-
walls. Improvement appears at many points.
The ciearings at all cities exceed last years
by los per cent and outside New York by
SIS per cent with larger gains
at Boston. Chicago, and New Orleans.
The complaints of slow collections increase,
however, especially in connection with dis
fribution OF manufactured goods and the
ecornering" Of thesugar trusts by Spreckles
have taken profits from that trade for gro
GERS. At Philadelphia gnd Pittsburg, bet
der feeling appears in metal branches and
Mt Baltimore and Detroit, in dry goods and
boots and shoes. but eastern manufactures
are still retarded by tariff uncertainties
Foreign trade for June showed imports ex.
ceeding exports by SIS, 206, $40, and for the
half year the excess was Sol, 463. 22O
AGAINST this the net exports of gold and
silver for the half year were ST., ass, S3l, so
that, when interest and undervaluation.
are considered, the movement of foreign
capital this way appears 70 have exceeded
e10lI 1000 for the half year. The fact
that foreign exchange is low and declining,
and money 50 abundant that per cent
has been the ruling rate on call makes
the conclusion inevitable that foreign
buying of securities and lending in thi:
>country have now ceased. Exports OF
merchandise from New York in July show
decrease of s per cent. in value, against
per cent. increase in imports, and for the
past year exports have been smaller thar
In any other year since 1878, except the
year lSs5-6. while imports have only been
exceeded in ore year, lSsl-2, and ther
less than one million dollars. Speculative
markets aae not active, and wheat ha.
changed but little. Crop prospects have
caused corn to decline II cents and oat,
y cent, but lard, pork and live hogs arr
stronger Oil is Il. cents weaker, and cot
ton and coffee unchanged. The treasury
has taken in, during the past week, s., 600,
600 more money than il has paid ont
but reports from al interior points repre-
sent money in ample supply fol, al
legitimate business with general de
fcaency of demand. Once more the coun-
TRY closes crop year with a surplus of ovel
81 GOO go bushels wheat ON hand unsold
and the latest report indicate that the sup
ply for export during the coming year vii
exceed las, ,ooO 0o5 bushels, exports for thu
past year having been less than 12e, 900, ,0O
Bushels The failures attending half yearl.
settlements have been numerous; for fou
weeks the number in the United States ha
been s2l against 59i last year, but In Can
ada only 81 against 95 last year. Business
failures during the last seven days number
United States l99, Cansda %, total 22l. a
compared with 22s last week and lsI 70
the corresponding week of last year.