Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1888-08-04

NEW YORK, August 4-R. G. Dun q
Cos. weekly review of trade will say:
Business is a little better, and an aggregate
value is now fully equal to that Of last
year 1t date, although smaller in some i'm
Portant branches. The iron and woolen
trades have materially decreased, but busi-
ness In groceries, lumber and farm products
generally is large, and confidence in I'm
provement at no distant day grows stonger.
This confidence has a substantial basis in
the crop prospects, which grows more salts
factory each week, and in the belief that
changes OF tariff affecting important indus
tries will, by Congress disagreement, be re-
ferred to vote of the people.
Trade has improved at Philadelphia,
baltimore, Cleveland, Detroit ST. Paul,
Nashville and Galveston, and is excellent at
Omaha. At some points the lateness of the
season retards the revival Of activity, and
et many the recently prevailing dullless is
still urbroken, but the general result Is q
perceptible increase of activity. At De-
$roit and St. Paul the lumber trade Is
especially mentioned as excellent, and At
Httsburg and Nashville larger transactions
bnd better prices in iron have been noticed
with improvement also in charcoal iron at
Detroit Wool dealings are smaller than
usual. farmers hoping for better prices
hereafter, and dry goods are not especially
active, the demand for woolens being slack
even at low prices, and for cottons rather
irregular for the season.
The coal trade has been large in July, but
seems to slAeken. More activity is seen in
coffee, which has declined half q cent, and
in raw sugar; but refined is easier, produc-
ton having cvertaken consumption.
The speculative markets have been nom
active. Wheat has risen four cents for the
week, with sales of 83, 0O0, 900 bushels at
New Ysrk; nd corn / cent, with sales of
16 Zoo 900 bushels and oats cents; but all
were still higher on Wednesday, and have
since declined Hogs have risen 10 cents.
lard Is cents for 100 pounds, and pork 25
cents per barrel, oil IL cents, and cotton
% cents per 100 pounds, with sales of 269,-
900 bales
The excellence of crop prospects in thi.
country does not prevent an advance in
products which is based on belief in q lar
ger foreign demand hereafter though ex-
ports thus far have been much below those
Of last year.
Iron h considered stronger though No. l.
Southern is quoted at $l7.26, delivered in
Brooklyn and steel rails ere lower, sales
being quoted equivalent to S29 at Easton
Mills. The general average of ali prices has
risen ~ per cent since July LIST.
Reports ss to collections do not improve
and complaints are common. Most in
dustries appear fairly employed, though
no improvement is seen in iron or wooden
manufacture and los qualities of wool aver
age exactly the same price as July 1st, but
labor difficulties are gradually diminish
ing. The exchanges at all points are
smaller than year ago, but because of a
decline 1t New York; outside of this city
the aggregate shows a gain of per cent,
foreign trade diminishing, however; New
York reports for four weeks show a decline
of 1873 per cent. in value of exports, and
much more for the latest week with only a
slight increase in imports.
This state of foreign trade is q constant
reminder that much depends upon q cou-
tinuance OF foreign investments and loans.
The New York returns would indicate an
excess of merchandise imports over exports
of about $l3,0OO,0O0 for July. following
S6l, 600 for the previous six months
Unless products move out freely, embar-
rassment may result, and the rise in prices
of exportable products tends to check their
momement The Treasury has taken in
during the past week s., ,000, 900 more than
it has paid out and the actual circulation
of all kinds is about 5000, 600 less than it
was month ago, owing mainly to
the large retirement of bank notes.
But this results from the comparative
inactivity of trade and reports from all
centers indicate that the supply
o. money is ample for all legitimate busi.
ness. The settlement OF the cable war and
the excellent crop prospects, have been
used 70 advance stocks about 62 cents per
share, but western freight wars do not
yet improve, in spite of frequent hopeful
reports.
Business failures during the last seven
days number for the United States 1871;
Canada Is; total ZIG, as compered with 22l
last week and 1888 for the corresponding
week of last wear