The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-07-08
THE BUSINESS OUTLOOK.

Less Failures tho ihSt six huhkhS NAO
Fair Prospects Ahead.
The Dunn Mercantile agency in theil
publication entitled "Businsss Outlook"
say the failures for the first six months OF
the present year we're &, 900, as against 6,O7l
during the same period in 1891, showing a
decrease of h7l. Tn total liabilities Of all
the failures which occurred the first six
months Of 1892 were S62. 00. 900. while for
the same period in 1891. they were S92,O Co.,
600. showing a dec ease of $4,000 .Oon.
Failures in Montana, since July, 1891,
have been unusually large for this section,
says the report, and we're mainly due to de-
preston in business generally, ovsr-oonf.
aence on the part Of the traders, and a too
liberal extension Of credit by local bankers
and outside jobbers, together with the low
prices obtained for silver. resulting in loss
to mine owners. the shutting down
Of many low grade mines. large
curtailment of output, and con-
sequent lessening Of the amount
of labor heretofore employed at remunera-
tive wages causing serious discomfort
among the laborine classes, and uncertain
ty regarding the value Of the chief produo-
ton. Recent oopious rains have insured
bountiful crops of Ger calls and grasses. live
stock was never in better condition, the
wool clip is larger than in preceding years,
and though prices rule somewhat lower, the
amount realized will be- large. Mutton 10
plentiful and in good demand Beef il
abundant and excellent in quality, bat
pricsa are 81 per hundred lower than
last year, and without improve
sales during the season will be light.
and the larger growers will hold for another
year. The best authorities, however, agree
that while speculative trade Is quiet there
IL q noticeable improvement in legitimate
lines. that for these purposes none is
at reasonable rates, that credits
and expenditures are being gradually
lowered, that merchants and traders are
getting in better shape. and that for 4
series of years to come more healthy condi-
will exist.
In Colorado business for the past six
has been elassed a. only fair, but
Investigation shows slight increase
IN volume over this corresponding period of
1891. and generally more satisfactory condi-
trons prevailing. Range cattle inter ssts
have been practically at a s%tandstill, and
in the early part of the season the
prices have prevailed than were expected,
the recent Hustler troubles in Wyo-
ming have not tended to inspire con-
lusnce in the future of this line
If business. The sheep industry is in
,reasing in magnitude, has been profitable.
and promises we'll. Manufacturing inter
'sts III and around Denver are still inoreas-
and some of the largest establishments
demonstrated that the natural re-
sources of that section furnish them with
heir raw lroduct. in quantities and at
prices that enable them to successfully defy
Mining development has
'een much retarded by the low price of
llver, but Notwithstanding this fact i
he output of several new min
ng camps has caused the product :
. assume IN volume proportions quite :
'Qual TO that OF the corresponding period
last year. Speculative investments in /
properties and prospects, are greater
nan for the past twelve years, and the I
Mining outlook, excluding the price of ell
OF. Was never So good in that district, as s
lurlng this year. Thu prospect for good {
vops, especially small grains, is very fay
'rable, and + uits, except in one or two sec 4
ions. a Q looking exceedingly we'll. On the =
'hole, 1t is confidently expected that the =
ear will exhibit a handsome advance, in
opulatlou, lndust.i les and general pros- l
@ ity. 9
AT salt Lake q gradual recuperation, and
II effort to adjust trade conditions to a "
loser basis, have been the feature of the Il
asst yea; a limiting Of the past system of
'ng ana indefinite credits. that, oommenc- n
* With the county consumer. has perme- il
ted the entire home commercial element,
bis has accustomed incidental depression, :,
ut Is bearing good results in the liquida- p
lon OF back liabilities, and the promise of -
more stable and prompt trade. a,
he inauguration of a large sugar factory, .
canning factol les and the es-
ibllshment OF a variety of smaller indus
lal pursuits, promises to stimulate bust
and utilize the numerous raw q
produced. The export value of p
llneral products for 1891 was Sl2, 24O, 8S5, a,
no Notwithstanding low prices, thess !
CURES Will probably be maintained this r
The season has been favor n
Die, and Ill staple agricultural AZ
such as wheat. etc. +
1ere 10 the largest acreage and yield ever N
nowh; tue wool clip continues to increase,
ia prices are good. The export value of
10 various farm and range products will =.
oubtless exceed ST., 600. 600. while the vari. i
IS undeyeloped industrious, and those "
by local monopolles. all promise 7
Ell. A steady growth is noted in all towns G
10 cities with the exception of the job
nR ana wholesale interests of the latter. J