The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-08-11
OF BUSINESS.
Report Of Dun & Co. on the State
Of Trade in the Country
Just Now.
Crop Prospects Are Clearer, But
tho Advices Warrant
Lower Estimates.
Heavy Safes Of American Securities by
Forsign Holders Drawing Large
sums of Gold Abroad.

New YoRK, Aug, 1O.-The last circular H.
ID sued by Dun & Co. says: In every respect
d save one the business outlook distinctly i'm
proves. Crop prospects are clearer. a. the
d period of danger passes without serious In
jury, though perhaps tho later advioes war
rant . little lower estimates than wo for
msrly made. II is certain that the supplies
of the leading staples will bs abundant.
d Manufacturer are doing hnely, even in the
u iron branch, and labor troubles seem to ap-
d proaoh a settlement which il likely to bs
advantageous to the industry, and the more
Il lasting because the control of works BY the
d owncrs IL assured. Domestic trade 10 Of
enormous volume, and decidedly the larqsst
d ever known for the season. Money il still
abundant, and . somewhat general improve
mont IN demand causes no pressure. But
the heavy sales of American stocks by for
Y eign holders continue, and draw large
! amounts of gold from the country, indicat-
ing foreign distrust of American finances.
1t 10 within the mark to say that the vol
ums Of trade in July, ~ indicated by clear
} ing house exchanges, ID fully 10 per cent
| larger than last year. and greater than any
!. previous year, in spite of . decline Of i've
Y p6I CoAt IA UIiCVo AAo = yooS 0kOs I'm
| ports are enormous. exceeding last years
| over 10 psr cent the past month, proof Of
great activity in consumption. Though
tho remarkably large movement last year,
1t New York 4 decline Of half Of one poi
cent appears in value for five weeks, and
business 10 really larger than usual. Rail
| road earnings show . gain Of nearly six
per cent in July, and cattle receipts at
sept slightly in 1880. Though the local
trade is dull, shipments for seven months
show a gain of five per cent over last year.
Pig iron 10 on the whole weaker. though
Bessemer has sold at Plttsburg for $13. 80,
and southern sales 1t Chicago have de-
Birmingham. The demand for bar IL more
active. and plate, sheet and structural mills
are crowded with orders. Shoe factories
are unusually crowded. and shipments for
the week reached 10000 cases against 80, 900
last year. Sales of wool increased largely,
ia. coo. 600 pounds against lac, 600. 600 last
year to date. The scare about cholera in
Russia has some effect, but manufacturers
are pushed by increasing orders, especially
for dress goods and spring styles, while the
urgent demand for heavy weight suitings
continues. Cotton mills are sold ahead
four to eight weeks, and print cloths are
strong at three and one-half cents, No
change il seen in copper. Tin has bsen
lifted by speculation, but lead il hull Ut IL
cents.
Speculation has made higher prices for
breadstuffs. half . cent for wheat in spite
of the receipts ct the west exceeding a mil
lion bushels per day, with exports Of 800, 600
bushels in three days. Corn has advanced
nearly five cents IN small sales, md oats
two and three-fourths cents. western re-
ports fsvoring shorter estimates. Cotton
has declined an eighth on sales of 500, 600
bsles for the week, crop reports being moe
favorable. Coffee is an eighth stronger,
and oil three-eiRhts lower. In the stock
market higher prices have prevailed, in
spite of large foreign sales, which caused a
heavy outRo of gold last week. and from
one to two millions more will probably 90
out to-day. But within a short time the
movement of merchandise will insure 4
balance in favor Of this country for some
months to come.
The business failures occurring through
out the country during tho last seven days.
as reported to II. g. Dun Il Co., number,
for the United States, 16O. and for Canada
twenty-four. or a total of 1874, az compared
with totals of 1874 last week, and 1877 the
week previous to the last. For the corre-
spending week of last year the figures were
231, representing POT failures in the United
States, II twsnty-tour IN the Dominion
of Canada.