Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1888-07-14
QUIET HoPeFuLLNess PREVAILS.

Business Dull But VIII Soon Improve
Weekly Trade Review of r. G. Dun D
Co.
New YORK, July AR. G. Dun & Co.'S
weekly review of trade will say: Quiet
iopefulness prevails, That business now
IS dull everybody realizes. That it Is going
to be good, more favorable crop prospects
cad people to hope. Then it is felt that
he chances of a change of tariff lessen -
The weeks pass, leaving less time for agree-
ment between the two Houses of Congress,
and thus an important element of doubt As
TO trade within the next half year is in
part removed. In financial markets there
is nowher. disturbance, though the unpre-
cedented volume of loans at New York
raises questions that are not yet answered.
There is no present expansion of legitimate
trade to explain it, and if important spec
ulation are preparing, they are well con-
cealed. The reports from interior points
all reflect a hopeful spirit with most
frequent reference to improved crop pros
poets. As to cotton there is some.
contradiction. In the Mississippi Valley TOO
much rain is by some reported, with con-
sequent excess of weeds. Corn and oats
would probably exceed any previous yield
if the weather should prove entirely favor
able from this time onward through har-
vest but the point of greatest danger is nst
yet passed. The hay crop at the East u
ample, and the latest reports are decidedly
more encouraging as to the wheat Prices
are half q cent higher than a week ago for
oats, one cent lower for corn and one cent
for wheat, partly because broker at Chi
cago fell down some steps, and was report
ed dangerously hurt. When Q market IL
affected by such rumors, prices are not OF
much value. In all directions the infiu-
ence of mere speculation upon values Is
just now an unhealthy sign. Stocks have
advanced, the more active averaging about
81 per share higher than a week ago, and
yet the course of events would have justi-
fed some decline. The renewal of the rail-
road strike at Chicago and Kansas City
is thought serious. The cutting of rates
has been so great as to lessen receipts ma
terially, and the later reports of earnings
begin TO indicate some loss in comparison
with last year. But when the speculator
can make the outsiders believe that q
boom is at hand, reasons and earnings
count for little, and it is the nature OF
speculative markets to rise when events are
unfavorable. Cotton has risen three-six-
teenths, and the movement seems TO be
taking the form of corner" on near de-
liveries. Hogs. eggs and potatoes are high
er, while coffee is a half cent lower than
last week The industrial outlook Is not
entirely cheering though the strike of iron
workers seems likely to last but little long
er. The statements of iron furnaces In
blast July lst show decline of 7,343 tons
weekly, or per cent. since June 1st, and
80, IT'S tons weekly, or q per cent
since November lst. As this decline
has been gradual, the output for
the half year appears TO be IL per cent
smaller than for the last half of 1857. Prices
dc not change. though the more common
grades are freely offered at low figures. An
advance in circular prices of coal Is expeo-
ted, and the Eastern demand impseysA
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