The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-05-29
TRADE REVIEW.
Trade Quiet in All Sections, but the Future
Promising.

Trade Quiet in All Sections, but tho Future
Promising.
New YORK, May 23.-The iron business is
rather weakened at PITTSBURGH by the
prospect of increased supplies, and is very
dull Mt Cleveland. but somewhat more de-
mand is seen at New York and PhiladeI-
phia for various forms of manufactured
iron. Steel rails do not share the improve
ment, and are flat, nor is structural IRON
active on account of the arrest of building,
but there is more demand for plates, and
bar which has been sold at Sligo now com
mands $l.72113. The coal business is still
threatened by production far beyond agree
meEt, and prices do not seem to warrant
the advance proposed for June LIST. The
WOODEN industry is waiting, without any
Improvement i'll goods to justify the de-
mund for higher prices on new wool, though
there is cheering activity in fianneis. AT
Boston the goods trade is not sat
istactory, but sales of wool reached
2, 299,s 500 pounds, several sales of new
California, territory and other domestic
kinds being reported, and the market is
rather easy. In cotton goods there is fair
activity, but prices are very low, 6f's print
cloths having sold at 2.S7 cents, Merrimac
shirtings having been reduced to four cents
by mill agents and wide sheetings having
been cut by some, but Cabo A. have ad.
yancaa two and . half per cent, though the
general N et favors buyers.
Trade at Boston has been quiet. In
leather it was improving until the Davis
failure was announced, but was then
checked, though it is not believed that
prices or credits will be affected beyond a
few days. Hides are dull, with some con-
c%essions, and the boot ana shoa trade is
generally dull. At Chicago dry goods sales
exceed last year's considerably, as do sales
of clothing, and there are very fair country
orders for shoes; wool receipts gain over
last year 30 per cent, corn 33 per cent, and
dressed beef, chaeso. butter and hides gain,
but III cured meats there is n decline of so
per cent, and in lard, t1our and barley of
33 per cent.
Crop reports at Chicago are very salts
factory, and the same is true at st. Paul.
Omaha and many other points, where the
recent rams have made wonderful improve
ment. Indeed, the one rain OF Saturday
last was probably worth some hundreds oil
millions to the country. for extensive
dronShts geenl near. Trade at western
cities is quiet but very hopeful. at the
south, also, crop reports are highly salts
factory, and trade, though only fair, or
even sluggish now, and at Memphis general
~ depressed, is expected to BIO excellert
hereafter. No material injury had been
sustained from drought in the region .rlt-
utary to New Orleans by cotton, sugar or
rice, but the heavy rains have done much
good.
Tha business failures occurring through-
out the country during the last seven dave,
as reported to L. q. Dun Il CO., the mercan
tlle agency, by telegraph, nu,ube, to me
Cnlted States, 2l4, and for Canada, 20 or a
total of 254 failures, as compared wlth .37
last week, and 242 the week previous to tie
last. For the corresponding week OF last
year the hGures were 222, representing l9U
.failuroa in tue United States, and 81 III the
of Canada