| Show WEEKLY REVIEW OF TRADE correspondence of the 1 I improvement continues as crop prospects are still good labor troubles diminish and prospects of a change of tariff lessen the decision that senators will mature a bill is generally supposed to ensure no agreement at this session collapse of the western iron manufacturers association has set nearly all mills at work and makes pig iron weaker the official report shows a decrease of tons in output of pig iron for the half year with an increase of tons in stocks unsold southern states produced tons against for the last half of 1887 with tons more unsold so that increase which was expected in supply from that quarter has been realized the decrease in bessemer pig production was tons and m rails produced tons so that production and consumption of other iron was fairly maintained stocks have been strengthened by a decision arresting the enforcement of the iowa rates according to report on the broad ground that legislatures have no power to fix such rates that companies cannot earn fixed charges and something for dividend besides wars of rates do not cease and in ter state decisions on many important cases are deferred but net earnings or 82 roads in may showed a loss of 84 per cent though their gross earnings gained 64 per cent and the gaina in gross earnings for july have been less than balf as large statements show that 2428 miles of road have been placed in the hands of receivers during the half year with bonds and only miles and bons and stocks for the first half of last year but the average price of stocks has risen about per share though less strong of late deports of domestic trade are almost uniformly encouraging for though dalness yet per vails improvement appears at many points the clearings at all cities exceed last years by 10 3 per cent and outside new york 5 5 per cent with large gains at boston chicago and new orleans the complaints of slow collections increase however especially in connection with distribution of manufactured goods and the cornering of the sugar trust by spreckels has taken profits from that trade for grocers at philadelphia and pittsburgh better feeling appears in metal branches and at 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 by exceeding by and for the half year the excess was against this the net ox ports of gold and silver for the half year were so that when interest and under valuations are considered si the movement of foreign capital this dav appears to have exceeded for the half year the fact that foreign exchange is low and declining and money so abundant that 1 per cent has been the ruling rate on call makes the conclusion inevitable that foreign buying of securities and lending in this country have not ceased exports of merchandise dige from new york in july show a decrease of 8 per cent in value against 1 per cent increase in imports and for thy past year exports have been smaller than in any other year since 1878 except the year 1885 6 while imports have only been exceeded in ene year 1881 2 and then less than speculative markets are not active and wheat has changed but little crop prospects have caused corn to decline U cents and oats j cent but Lard Pork and live haga are stronger oil is 1 cents weaker and cotton and coffee unchanged the Treasury has taken in during the past week more money than it has paid out but reports from all interior points represent money in ample supply for all legitimate business with a general deficiency of demand once more the country closes a crop year with a surplus of over 51 million bushels wheat on hand unsold and the latest reports indicate th atthe supply for export during the coming year will exceed million bushels exports for the past year having been less than million bushels the failures attending half yearly settlements have been numerous for four weeks the number in the united states has been against last year but in canada only 82 against 95 last year the business failures occurring throughout the country auns ne past seven days as reported to JR cr co the tilo agency today to day friday by telegraph number for the united states and for 22 or a total of failures is compared with a total of last week and the week previous to the last abor the corresponding week of last year the failures numbered in the united states and 22 in total NEw ToiK sali |
