The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-08-28
THE TRADE REVIEW.
Business Is in Exceedingly Good Condition
Opd prosnanfu A ra Rjne

Business Is in Exceedingly Good Condition
and Prospects Are Fine.
NEW YORK, Aug. 27.-During the last week
attention was absorbed by great excitement
in grain. Russian orders prohibiting ex-
ports of rye were taken as official confrma-
ton of the worst reports regarding the har-
vest in that country, and were supported by
further reports hat similar defensive action
would be taken by other governments. The
price here was suddenly advanced so far as
to stop exports, and then rapidly receded,
but subsequently grew stronger, closing at
1144, or 81 cents above last weeks quota
tions. There is little room to doubt
that foreign demand will be greater
than ever if prices are not SO
reports are still more favorable
as to the American yield, and by many
usually conservative authorities it 10 now
estimated twenty to forty million bushels
above the government figures, which in
dictated about five hundred and forty four
million bushels. As tho lowest figure would
give over two hundred million bushels for
export, and latest dispatches from Toronto
say canada has thirty-three million BUSH
els to spare, it is in the highest degree i'm
portant for both countries that the golden
opportunity should not be lost through
such a rise in prices as would curtail for
eign consumption. As yet prices are not
extraordinarily high, and not as high by 10
cents, with all the foreign news, as in April
last, with nothing but a dream of famine
before July to warrant them.
The general business of the country does
we'll, with gradual improvement in nearly
all branches, based on actual increase of
demand from farming states. Yet the vol
ume of business is probably as large as
ever before at midsummer. Collections are
not p 1lv rN0l u"1 thnrn 10 rnr tho,
usual complaint, but the rush of harvesting
and other temporary causes explain much
of the delay. 1t ia we'll also that in other
speculative markets except in grain there
is little excitement: while corn advanced
six and a half cents, oats declined seven,
and cotton, with prospects of a large crop,
declined n sixteenth, coffee 10 cents per
100 lbs, and petroleum three cents. while
pork also fell 30 cents per barrel. with lard
a shade stronger.
1t is n surprising fact that the great iron
industry does not yet meet the setback
which the enormous production threatens.
Though the movement of rails is unusually
small, while iron is pouring out of the fur
naces at the rate of 169. 576 tom Aug. 1
against 1854, 1893 last year, prices do not fall
for pig or finished products, nor do stocks
appear to increase. The production of do
mestio iron alone il at the rate of $40
pounds for every inhabitant of the country,
far in excess of consumption of all iron,
domestic and foreign, until last year, and
it is rightly inferred that the demand for
other than iron rails must be unprecedent-
ed. Some increase is seen for bar, and
structural mills are fairly we'll employed.
The coal movement is also large,
in July 4S1. 260 tons above last
years with II decrease III stocks. In the
minor metals no change of Importance ia
seen. The market for WOO continuesm moro
active than it was, Boston sales resching
4, g1S, 600 pounds for the week, and the shin
ments being very large from Chicago,
though the trade here is quiet for dom estio
but better for foreign wool. The situation
al to mems goods ID by no means un-
healthy. while in dress goods business is
excellent with no complaints.
AT Chicago dry goods sales fall short for
tho week, though larger than last year for
the year thus far, and sales of clothing and
shoes are large, while receipts of wheat
exceed last years fourfold. and of rye nine
fold, with an increase OF about g third in
dreSscd beef. lard, hides md wool. At st.
Louis largely increased orders are seen in
nearly all lines. and mt Kansas City trade
grows more active. At st. Paul and Minne-
npolis An excellent harvest makes trade
prospects good, and similar reportS come
from other northwestern points.
he money market hs8 continued uudia-
turbed Notwithstanding a large movement
TO the interior for grain, and approximations
OF the future do not einbarrass legitimate
business, but put \ wholesome check upon
speculative excitement. Money tends to
ease at Boston, is in brisk demand II North