Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1888-07-21
TRADE REVIEW.
CROP PROSPECTS FAVOR A LARGE
AGRICULTURAL YIELD.
The Manufacturing Outlook is better
Stocks stronger-Money Abundant and
Collections Good-Actual Trade Lit
tie slower-weekly Review of business
by Il. G. Dun g. Co.

NEW YORK, July Or G.. Dun q Co.'S
weekly review of trade will say: The crop
prospects which are the basis of existing
hopefulness in business, continue good.
Reports from spring wheat regions are
favorable. especially from St. Paul and Mill
wsukee, and the increase in yield promises
TO compensate for good part OF the injury
to winter wheat.
Reports of winter wheat so far indicates
results fully equal to the later and better
foreshsdowings of the Agricultural Bu-
reau Kansas City reports excellent yield
and the State estimate for Michigan Is To-
800, 900 bushels, decrease not greater than
the annual review indicated.
Corn reports from all quarters are en-
couraging and the yield of oats prmises TO
be very large, though injury from rain is
reported in Texas The same cause oper-
ates to balance the increase in the acreage
of cotton in that State; but the prospect in
the Mississippi Valley is still fairly satisfac-
large agricultural yield, though important
crops are not yet beyond danger.
The manufacturing outlook is q little
better though the prevailing spirit is still
one of uncertainty and waiting. The great
| strike at Pittsburg has been practically ter
minated and the demand for iron there is
better, without change in price, but it is
| not yet clear whether the cost of the pro-
duction can be readily adjusted to the
state of the market. The termination OF
the strikes weakens bar iron at the east and
southern No. pig is largely offered at At
| $3.50. Rails are unchanged, but the
| official statement shows sales by all mills
| for the first half of 1888 of 934, 9S7 tons,
| against 907, 35l last year.
| The coal business is more active, and
| schedule prices are realized. The copper
| production for the half year is put at 4O,
| ESQ, 900 pounds, a gain over last year OF
5000, 900 pounds, but the visible supply
abroad now u 600 tons, has increased 1, ,OoC
| tons in June Lead is weaker and cotton
print cloths, the demand for cotton goods
being irregular. Wool does not improve
and 10S qualities average shade lower than
June Is.
The actual trade in progress though lit
| tie smaller than year ago, must be consid
cred lower for the season. Cleanings at al
points still show some decrease, but for the
latest week only Az per cent, in the aggre
gate, and 2 per cent outside of New iorl
compared with year ago, when transac
tons were very large for the season. Gen
eral improvement is noted at St Paul
In manufactures at Pittsburg since the
strike virtually ended in real estate a
Omaha, where $500 per front foot is paid IL
cash for q site for immediate improvement
and in lumber and iron business at Detroit
though -four milling there is depressed
Kansas City business men complain tina
discrimination in freights may take man!
millions in trade from that point but ar
working for its correction. A strike in the
Lake Erie Iron Co., at Cleveland is expec
ted to be settled soon. Busines
appears dull at most points
however, Congressional uncertainties affect
r al L,a., Il, - d. r.rt,t a
others the natural reaction from exception
n activity is still felt. The transportation
business is not in good shape. Wars o
rates do not cease and controversies aDou
export rates and discrimination agains
particular cities multiply. The reporte'
earnings but slightly exceed those of u yea
ago on roads which report earliest an
have considerable increase of mileage an
mean while operating expenses seem
have increased generally more than earl
ings.
Stocks were decidedly strong for som
days but with large realizing have grow
dull and weak again, though still aycfsgln
about 81 so per share above prices of wee
.! ago. Nearly all branches of business are
sene extent disturbed by the transport,
ton troubles, and the negotiation of seer
taries for new reads is not rendered easy.
Money is everywhere in abundant suppl
fer legitimate business, and yet complaint
of slow collections grow more frequer
again, especially in regions about Kanss
City, Galveston, st. Paul and Detroit
.fhe treasury has taken in SlS,OOO.Ot
more than it has paid out during the weell
and the expectation of s.. 900, go in gol
still remains explained, foreign exchang'
being below the shipping point. Expor
of merchandise for two weeks from Ne
York have been twenty-six per cent belo
last years, which were exceptionally larg
aud imports still show slight increase.
The supply OF money is so large, ho'
.. | ever, that the failure of the treasury
purchase any bonds of late eIcites I
notice.
Business failures during the last sevt
days number: For the United States q
and for Canada IA; total 22S as compare
with $40 last week and 172 for the corr
| spondinp week last wear