The Helena independent., 1892-08-25
CONDITION OF TRADE.

Good Crops Promised and the State oi
Business Quite Satisfactory,
New YoRK, Aug. 20.-Later advices from,
the west promise rather better crops oi
wheat and corn, and cotton prospects are q
little better, though neither yield will ap-
proach that Of last year, With abundant
supplies brought over. the outlook is 30
good that business distinctly improves. and
the prospect for fall trade 10 everywhere
considered bright. Tho great strikes in
New York, Pennsylvania and Tennessee.
which call into service troota IN three great
states, appear to have sea- ce!y an apprsci-
able effect upon business RS yet, and though
interruption Of traffic is threatened OH
many important railroads, stocks are gen
erally steady or strong, closing but small
fraction lower than week ago. More gold
has gone abroad, but money 10 abundant
and easy, and collections in almost all quar-
tiers ~ more satisfactory than usual.
Wheat has been weaker and declined
three uuarters Of a cent. with western re-
ceipts exceeding s. 100000 bushels in four
days, while Atlantic exports wore not J, ,bOO.-
OOO bushels, and sales here only 1t, 0o0
bushels. Reports of harvesting in spring
wheat regions are more enconrsGlna. Corn
has advanced . cont Oh sales of only 3,OOO.-
COO bushels here, mainly because OF possible
interruption OF traffic, for western reports
are definitely mo,e promising especially as
to Kansas and Illinois. Oats have declined
only quarter but lard is shade stronger.
coffee Ave eighths higher with some specu
lativs activity. In cotton further decline
of sixteenth has occurred, and sales have
be en- b9S OOO bales, the actual movement at
this season being insignificant while crop
prosI ectors with heavy stocks on hand tend
TO depress prices. Speculation in tin has
made little change. and buyers Of copper |
NO ~, .fouv that II * rAnta Onnt0H whilA |
lead is shade lower.
Trade ID quiet at Boston and in retail
lines moderate, with stocks we'll cleaned
up. Orders for dress goods from the west |
are large, and cotton jobbers have no diff
Guilty in selling the whole productioIl,
pected. The print cloth trade 10 enormous.
contracts in two weeks covering million
pieces, and the production for August and
September being sold. Boot and shoe
shops are pressed BY jobbers and the trade
10 hes:shy. though profits are small. Wool
rosy. Iron mills at Pittsburgh will soon
resume. but ct present shipments Of coke
are the smallest for some time, and busi-
ness In window glass In not active. At Gin
cinnati trade 10 quiet but prospects fine,
and Withdrawals of whisky are unusually
henvy.
General trade at Chicago is better than
in any other year and collections better.
Receipts Of barley for the week fall one
half below last years. of dressed beef =
third, and Of corn a fifth, but increase ap-
pears in cured meats. cheese and lard. a
third IN cattle and wool, and one-half in
hogs, hides and -four. st. Paul reports a
slight increase in business and the harvest
resulting in good yield. At Minneapolis
trade IL good, the crop about average. and
the lumber business largo with al advance
Of 30 cents in Prices. Business at st. Louis
is generally satisfactory, and at Kansas
City good with large reoeipts Of cattle, hogs
goods and groceries are rushed and money
ia in improved demand.
In fall wooIens trade at Philadelphia 10
heavy. but orders for spring goods rather
smaller and more largely in low grades.
Business in dress goods crowds the manu-
may be able to deliver. Sales Of wool at
the three largest markets since the middle
Of May have bsen 81, 600, 0O0 pounds against
70. 50OO 600 last year. Production Of boots
and shoes is now estimated at 165, ,0OO. 900
pnirs and eastern shipments last week were
s, 600 cases more than a week ago.
Exports from New York for two weeks
have exceeded last years. by seven yer cent,
but imports are enormous for the season,
for two weeks at New York 81 per cent
greater than last year. As cotton may not
be largely required abroad for some time,
continued exports of gold are not surpris-
ing. but for the week are not large. Treas
ury reserves have been reduced only $780,
900. and no change has been in ci culation,
End on the whole the financial outlook is
satisfactory.
The business failures occurring through
ont the country during the last seven days,
are reported to II. G. Dun & Co. the Mer-
cantile agency, by telegraph, number, for
The United States. 172, and for Canada, q,
or u total Of 1877, as compared with totals OF
le9 last wesk. and 1874 the week previous TO
the last. For the responding week of
last year the figures were 21G, representing
|90 failures in the United States and seven
been IN the Dominion of Canada.