The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-06-27
O AND BUSINESS.

-
The Former Reported Large and the
Latter Prosperous.
4pNEw York, June 26.-TLe last circular
issued by the Dun mercantile agency says:
While crop reports continue remarkably
favorable, the volume of business at present
transacted is n OF as large as it has been in
other years at this time. This is in part
because exceptionally hot weather at many
points has induced something like midsum-
mel dullness, but the more important cause
undoubtedly is that trade in many branches
has been waiting for certainty of improve
and definite orders before undertaking new
risks. There is also some hesitation owing
to recent failures, particularly in Philadel-
phia. Credits have been more cautiously
given in the wooden and boot and
shoe trades, and this has lessen
ed the volume of transactions.
Hence it is encouraging to find that there
Is actual improvement in the demand for
consumption in several of the more impor-
tant trades, and that manufacturers already
begin to feel the effects. Crop prospects
have greatly improved during the past
week, particularly in southern and north
western regions. where there had been lack
of rain, and there is now sea- cely a single
commercial center from which the crop re-
ports are not highly favorable.
At Boston more disposition to buy is no
ulCeu II Lc lcdluUI tlttlS, I'LL SEGdUV ORDERS
for boots and shoes, though small, give en-
conragement. Recent shipments have been
light, last week 1000 cases against s., GOO
for the same week in 1890. and for
the year thus FIR 1,48&.0 900 against
1880, 900. The lumber trade is also a little
bette, though prices arc loW. end sales of
wool are larger. reaching $4,000 0 pounds.
The market is rather unsettled. At Phil
adelphIa the wool trade is waiting, holders
asklng more than buyers wish to give. but
the leather trade is healthy, with better
prospects. Chicago notes wool receipts
double last Years, with an increase Of one
half in wheat and d essed beef. and mod
crate incEease in hides. but decrease in
-four. corn and lard. Sales of dry goods
and shoes continue to exceed last wears.
st. Louis notes some changes by frequent
rains. and while lumber, building, hard
ware, paint and Oil trades are especially act
i've, the general aggregate Is I.ther less
than a year ago. though of fair volume,
1t is important that all northwestern and
southwestern reports mention rains and
brighter crop prospects. At st. Paul it is
Stated that few localities now lack moisture
and ths wheat croE Of Minnesota and tn,
Dakotas is thought to be secure from harm
by drought. Crop prospects strengthen
confidence at Kansas City, and business If
improved at Louisville, decidedly at Mont.
gomery, and slightly at New Orleans. The
wool market at New York shows improve
ment, and q larger demand by manufao
turers. In wooden goods there il
a large volume of business, and the order
show that distinct gain In the copsumin,
demand is felt. The orders for TO eipl
goods are said to he SO per cent. less than
year ago, but the domestic trade gains. Ii
hides large receipts at the west have broker
the combination to lift prices, and bluffs
after rising from five and three-fourths t,
seven cents In March, sell at five and three
fourths cents again.
The business failures occurring through
out the country during the past seven DAYS
as reported t. Il. G. Dun u Co., the mercan
tile agency, by telegraph, number, for tn
United States, "a, and for Canada. %, or
total of 253, as compared with Il total Of "A
last week, ano pa the week previous to til
last. For ths co responding week of las
year the figures were 1893. representing II
failures IN tho United states. and u in til
dominion of Canada.