The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-08-16
STATE OF TRADE.
Increase in the General Uncertainty
Though Business Satisfactory.

Increase in the Genera, Uncertainty,
Though Business Satisfactory.
NEW YORK, Aug. 15-Less favorable crop
prospects, closer money markets. and fur
Their delay in action on the tariff bill in the
senate have increased the uncertainty which
retards business. In spite of sharp ad-
vance in wheat, corn, oats, oil and coffee,
the general average of prices for commodi-
ties is shade lower than week ago, and
the stock market has been dull and de-
pressed. Gold exports have continued,
about 81, OOO,O CO more having gone out this
week, but it ID thought the closer and higher
money market here and the brighter pros
poets in the Argentine Republic will prevent
further shipments for the present. The de-
cline in silver bullion, since the treasury
issued it's notice of conditions on which
offers would be received, indicates appre-
citation Of inability to force upon the treas
ury fictitious price. and therefore renders
full deliveries of silver and issues of notes
more probable.
The present state of trade throughout the
country appears satisfactory for The season,
and reports are almost uniformly confident
in tone. Boston notes little present change,
but belief in great activity in the fall; wool
ls more freely bought, sales reaching BALL.
GOO pounds, and further decline is nc: ex-
pected, as quite liberal orders are coming
for lightweight goods. Cotton goods move
fairly, and the suspension in print cloth
works is having the desired effect: The
shoes is buoyant, and further advance in
prices is expected. Philadelphia also notes
unusual activity in this department, and
brighter outlook in paper and printing
with the groceries trade exceeding last
years, but no improvement in wool. and
awaited. Chicago reports smaller re-
ceipts than last year of wheat, -four
and corn, heavy decrease in cheese,
but a much larger movement
Of cattle, and of hogs because Of fear as to
the corn crop; wool receipts fall off third
goods and clothing are larger than last
year, with prompt collections. St. Louis
notes strong trade in nearly all lines, Kan
sas City a fair trade for the season, Omaha
and st. Paul good trade, and Milwaukee
Improvement. At Minneapolis the lumber
demand is good, and -four stronger; at De-
troit trade is equal to last years, and at
freights are dull and depressed from ove1
supply of shipping. Glass and coal are ~:
active at Pittsburg, but iron stronger.
The crop outlook is on the whole less
promising. chicago reports that not
ard dry weather is cutting down the yield,
though complaint is not general. In other
reports there is evidence of the irregularity
of conditions; st. Paul and Detroit note
excellent prospects. st. Louis reports corn
suffering in the southwest, and Milwaukee
great need for rain. In the South Valley
states too much rain threatens cotton. The
speculative news gatherers are making the
most of the damage to wheat and corn, and
estimates of 405 million bushels wheat and
LOCO million bushels corn are sent out, but
the great western railroads hold that theil
crop movement will be very heavy.
The business failures occurring through.
out the country the last seven days, as re.
ported to II. G. Dun & Co.. the mercantile
agency, by telegraph, number. for the
United States. 179. and for Canada, 20, or q
total of 2OS, as compared with 189 last
week, and 1888 the week previous to the last
For the corresponding week of last year
the figures we're 2Ol, representing 1874 fail
ures in the United State, and 81 in the Do.
minionof Cana da.