The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-05-18
STRONG UNDER 4 STRAIN
Business Has Shown Remarkable
%Soundnsss Despite the Dis
+; ,t.s.e turbaneest. 4 a,s4
Commercial Credits. Not a. Yet
Materially Affected by the
Situation.
Heavy Demand for Money-and Accomms-
dations Difficult on Account OF Slow
Colieotions-Dan's Review.

New YoRK, May 17.-Dun's weekly review
OF trade says: The smash In the industrial
stocks . week ago. tho failure Of some Arms
and Of the National Cordsas company, and
the largest decline in stocks known In any
week since 1879, have been followed by sur
prisinRly little disturbances. Buslnsss has
shown remarkable soundnsss and strength
under such a strain. though disgusting ru-
mora are naturally frequent. Bank fail
ures at Chicago and Indianapolis. and
yumors of Others, reflect large losses
through Chicago speoulationsin rsa! estate
and grain, and ut indianapolis through the
failure of the Premier Steel company. but
commercial credits are not a. yet materially
affected. There il more buying OF som-
mercial paper than = week ago. aud bank
ing housss reckon upon larger exports OF
products before long. Interior money mar
ksts are growing tighter and more CAUTIONS,
but no suoh %stripgency 10 yet seen as to
check general trade, which appears to have
somewhat improved with more seasonable
weather.
At Boston trade il cautious but with the
weather somewhat better. moro active in
dry goods, cottons being fairly busy, though
WOODEN goods ats very dull and clothing
backward. Quiet liquidation continues at
Philadelphia. and though betteS weather
helps the dry goods trade. caution prsvails
Rs the proportion of unsold goods is larger
than usual. Collections are slow. Wool 10
very quiet. Better weather helps dry goods
IT Cincinnati.
The volume of trade at Chicago Is salts
factory, though somewhat disturbed by
financial troubles. and retail distribution 10
not up to expectations. There ia a heavy
demand for money n accommodations
are somewhat difficult, collections being
SLOW. Receipts Of wheat are very large. $50
per cent above last years. and the increase
In lard 10 80 per cent. in sheep rs, seeds 80.
dressed beef As. oats "a and wool ID per
cent, but decrease of 60 per cent il seen in
seeds and rye, 49 in barley. 81 in hides, %
in corn and butter and three per cent in
cattle. Milwaukee reports CLOSE collections
and money scarce, some customer being
disappointed. but blowing and seedinR are
in progress. though two weeks DELAYED. At
Minneapolis trade improves with the
weather, and in lumber and building 10 very
active. The -four output 10 large with
heavy foreign sales. st. Pau reports rayid
needing, favorable weather and improving
y trade. The volume of trade at st. Louis 10
heavy, shoe factories working extra time,
and trade in dry goods is excellent with
easy collections. At Kansas City business
Is quiet. at Omaha good, and at ST. Joseph
improving with money easy. Slight i'm
provement ia seen at Denver.
The weekly iron output May 1shows {, 200
tons increase for the month, and 10 y. 700
greater than a year ago. while uDsold stocks
decreased II, COO tons in April. Good pig
iron Is scarce, but some southern brands are
pressed for sale. Demand for bar, plate.
structural and sheet iron IL better in vol
ume. without improvement In price. Large
supplies deprsss tin to 20. 35 cents, and lead
to 1856. and coal is quiet. The shoe trade
is unusually quiet for the season, though
shipments are still the largest on racord.
Cotton goods are accommodating, and in the
woolsns trade there 10 much anxiety about
she future.
Speculation has lifted wheat two cents,
though the crop report il less gloomy than
was expected. Corn has slightly advanced
and pork products largely. Cotton Is I'M
changed, exports in April having bssn
pounds loss in quantity than last year. Oil
Is ono and one-half cents lower. expo ia
also declining. All exports from New
York have been So, 100, 600 less for the
past two weeks than last year. while I'm
ports show increase Of 80, 700. 600 for one
week of May, and gold exports can scarcely
be prevented while this state Of 70 eiQn
has slightly improved in gold reserve, hold
ing over 1893. 900. 900 free.
While failures for the past week we're $50
In number against 17b last year, and In the
United States PSI sgainst 100, there were
only eleven with rating over 500, 900. From
800, 600 TO $500, 600 there werc five. from
$500. 600 TO $500, 600 only two, one from
$500, 600 to $3.50. 600, and two with rating
over 81, 600, COO. Considering the sxtraordi-
nary pressure in stock AND money markets,
the report indicates greater %soundness than
could have been expected.