The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-07-03
THE TRADE REVIEW.
Signs Of Improvement In business Grow
More Frequent.

Signs Of Improvement In Business Grow |
More Frequent.
New YoEK, July 2.-The last circular sent
out by tho Dun commercial agency says:
Signs OF Improvement in business grow
more frequent and distinct, though thero is
nothing like II radical change as yet. The
hesitation which has prevailed during tho
year gives way but slowly to increased CON
fdence, tho more. SLOWLY because of few
failures in woolenS at Philadelphia, and in
leather ana shoes in the east. Yet the
soundness of tho commercial situation is
generally recognized, and tho hesitation
which remains is rightly attributed mainly
to uncertainties regarding the demand for
gold from Europe and the financial situa-
tion there. The one point Of danger is
still the exceedingly strained condition of
credits abroad on account of past disastrous
speculations.
The reports from other cities arc on the
whole moro encouraging than week ago.
Failures gave surprise at Boston and delay
confidence and the demand for leather is
dull but tho trade hopeful. Shoe concerns
arc fairly busy, expecting large orders in
July. Hides are dull and wenk. Wool is
quiet, sales reaching only 1,347.0 600 pound
with prices hardly maintained. AT Phila
delphia the movement of leather is fair for
the season, and a satisfactory fall trade ls
anticipated. Wool sales are very light, and
i'll buyers favor. At Chicago trade in dry
goods, clothing and shoes is larger than Il
year ago, and payments very good receipts
of wool being double last years, of whoa
moro than double, with slight increase in
-four, cheese, butter and hides, but decrease
of fully half in dressed beef and cured
meats, and third in lard. Money is act
i've and transactions larger than ever
before for the season. Reports from other
cities in the northwest arc uniformly favor
v,I {fN% %t,a oIr
some improvement in trade. Wheat de-
clines one and seven-eighths cents with
sales of "A, ,O00, 600 bushels, the fall being re-
sisted by reports of damage by storms, and
also by the large export demand. Corn has
declined five ana one-quarter cents, and
oats four and one-quarter cents, pork so
cents per barrel. and lard and hogs frac-
tion each. Raw sugar is an eighth lower,
and in wool more concessions are noted ut
the west, and while iron products are a
shade stronger, the general level of prices
has declined more than three per cent. dur
ing the past week.
The state of foreign trade is little more
favorable than it was year ago, merchan-
disc exports at New York for three weeks
being 43 per cent. larger, while in imports
here there ia considerable decrease. New
ertheless. the excess of imports over ex-
ports in June, 1880. was very heavy. The
official report for May shows an excess of
$13, $780, 1875 this year against a million less
last year, and net exports of gold am ount-
ing to &30,36s, 112. But the treasury has
put out during the past week $3.50, 796
more than it has taken in, besides issuing
100000 more treasury notes. Money con-
tinues to return in large volume from the
interior. and the market here is well sup
piled.
The business failures occurring through
out the country during the last seven days,
as reported to Il. G. Dunn O. Co., the mer-
camille agency. by telegraph, number, for
the United States, 203, and for Canada,
tnirty-one, or a total of 234, as compared
with total of 253 last week, and 2i4 the
week previous to the last. For the CORES
ponding week of last year the figures were
POP, representing 17S failures in the United
States and twenty-four in the Dominion OF
GAIA "a, e..