The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-08-14
THE BUSINESS OUTLOOK.

Spectators in Wall street ran money
up to eighteen per cent. on call on Tues
day, but their efforts to make furry of
any large proportions 10y col'sssed
quiet. Business all over the country is
going through the usual period of mid
summer dullness. The passage of the
silver bill, which ordinarily would have
made business better, especially in the
mining states. has been offset by other
conditions not calculated to stimulate
activity. Eastern jobbers and import
ers are sitting back and waiting for the
disposal OF the Mckinley tariff bill
which will greatly affect their interests,
and until 1t is passed or killed the i'm
porting business will drag. The news
as to the crops, too, has not been quite
so good since the continuance of the
drought and hot weather in the east.
Traders say they are waiting for further
evidences of the stability of the advance
in prices in this country, as we'll as for
clearer information of the crop yield,
before operating to any extent in adj
vance of requirements. Corn prices
have further advanced to cents per
bushel as a result of speculation, which
has been very active in all markets; and
the rise has checked exports. Foreign
buyers orders average from to cents
per bushel below the figures quoted in
American markets. The old crop move
ment is moderate, and the new crop out
look indicates q considerable shortage
as compared with the large production
OF last year. The Cincinnati Price Cur
rent estimates the probable yield of corr
at LOGO, 100000 bushels, which would b.
more than 5OO,OOo,OOO bushels short o
that of 1889. Western shipments of hog
have been increased by the impairment
of the corr crop and pasture, and price
of hogs have weakened slightly in con
sequences; but values of provisions hav
been moderately advanced by specula
ton, which has been discounting the OK
pected effect Of shorter supply of tn
: feeding grain.
The Philadelphia Record reports tina
wool has been taken little more freel
by manufacturers, but the larger bus
ness has been done at the expense of
further shading OF prices in many il
stances. Wooden goods also hay
received more attention, and orders &c
spring weights have increased; but tn
improvement in business, both in tn
raw staple and its manufactures, has nc
realized the hopes Of sellers. The entil
industry is hating for tariff settl,
ment, and for the entertainment of IL
effect on the markets Of the recent hea,
increase in imports.
The slight reaction in the price of 81
yer has had no effect on the market
which had been previously stimulate
by its rise. The higher price of tt
metal has added to the cost of the pro
ucts Of India and South America, Il
commodities of which are paid for on
silver basis. There has been an acti
demand for hides, the market for whi
has gone up IL cents per pound; al
leather has been selling freely both
manufacturers and for export. T
boot and shoe industry also sho
increased activity.
On the whole, while trade is quiet, t
business Of the country seems to be ii
fairly satisfactory state, and all the CT
ditions may be said to favor good I
trade.
VIZ beg to say for the information
the esteemed journal thAt the article