The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-06-01
THE STATE Of TRADE,
Y
Brighter Weather Has Stimulated
Sales Of Staples in a Good
Many Lines.
Chicago and Minneapolis Tinan-
oiers Speak More Hopefully
Of the Outlook
~ tho Larger Eastern Csnters Trade II
Of . uand.to- Mouth Character
Failures.

Failures.
New YoRK, May 31.-BradstTeet's. H.
sued HAturday. summarizes special tsle-
grams and cables a. follows:
Brighter weather west. south and north
W6st has stimulated salos OF staples In
many lines. though tho increase 10 CON
spicuous rather through contrast with she
movement a fow weeks ago than ns COM
pared with ons or two years ago. The oom-
parative gain has been emphasized by .
slight relaxation OF money markets as the
interior. but country banks continue to call
ON the east for funds, although their do
posts In some instances are again increas-
ing. and most OF Thorn decline to extend
loans freely. as they arc busy renewing pa
per when IL falls due. Chicago and Minne-
apolis ananciers speak more hopefully OF
the outlook In the money market. as recent
ADVERTISEMENTS Of nearby financiaI:institu-
tions ara not followed by others. The gem
eTal crop situation IL favorable. the oat-
look for cotton being ON increased acresRe
Of from 10 to % per cent. Corn and oats
are doing we'll, arc the alleged probable
shortage in wheat must be considered as
following the largest crop but one ever pro.
duced in tho United States. with a probable
surplus July l next large enough OF itself to
Offset nearly the whole Of the probable de-
creased yield this year. Mercantile failure
totals continue large. the aggregate being
PAT this week. against 26b last week. III in
the last week Of Nav. 1892. and 234 in the
like week Of 1891. There IL still an unus-
ually heavy proportion OF failures with liza
bilitiss in excess Of $1,000. about 20 per
cent, Of the whole number against an aver
Of 10 per cent. Bank olearinRs aggregate
&1,O43, 600, 600 for the week. which 10 nine
per cent. less than in the week before and
II per cent. less than in the like week .
year ago. thus emphasizing. IS
previously pointed cut, the tend
ency of the volume Of trade TO decline.
Prices of wool. cotton, wheat. tobacco.
lumber and live hogs have all gone of dur
ing tie week. advances Icing relatively few,
those in corn and oats being speculative.
based on present rather than future condi-
lions. Exports Of wheat flour included)
from all United States ports, both coasts.
and from Montreal, Rggregate ., lO6, 600
bushels this week. about 100000 bushsls
more than In the like week last year., about
700. 600 bushels more thai In that week
1891, about twice the quantity exported in
the last week Of May. 1880. and two and q
half times the aggregate In that week OF
1889. Available stocks Of wheat in the
United States and Canada, both coasts, de-
creased the round total Of 2.774,0O 0 bushels
last week, a fact which was Offset BY our
exclusive information that similar stocks
,ahoat for and in Europe increased 2,776.OO
bushels last week.
At larger eastern centsTs trAde 10 Of q
.hand-to- mouth character. DRY goods are
more active at retail in Now England. but
quiet with makers and agents. Woolena
are very dull, but mills arc busy. raw Wool
being lower. Western packers have sold
nearly 10O.0 600 hides to the ieathor trust ct
seven cents, about tive cents less than was
quoted NJ the beginning of this year. De-
msnd for boots and shoes ID not active. but
travellers are on the road, but orders are
slow and the season IL backward. Phila-
delphia textile manufacturers report bust
ness depressed. and trade in tobacco i'm
proved, but unsatisfactory. There 10 . gain
in demand and prices for some grades of
iron. Demand for bar iron At PittsburR ID
good. but prices are low. owing to competi-
ton and needs Of sellers; general trade 10
only fair. dry goods icing dull. owing to
unfavorable weather and bad roads. Shoes
are going forwsfd slowly and are lower.
Unfavorable weather at Buffalo has in
AuOASON bSouoS WAaoA - VAAy A~AV SAOo80
equal to that a year ago.
Charleston merchants regard trade there
as fair; local liquor dealers are moving or
preparing to close up. 40 the now liquor law
10 declared constitutional. There 10 Inn
pxovement with iobbers OF groceries at At
lanta. but other lines are dull. Manufae-
turers have fair orders. Shoe and dry
goods Orders are being placed by Birming-
ham travellers for fall delivery, but mer-
chants there are not seeking to increase
sales much. Business ID quiet at Nashville.
Memphis and Richmond, where collections
are slow and the banks exceptionally care
full in discountinR. There are few increases
in the volume of goods distributed from
Richmond, n Memphis reports that
higher water thus far has not materially
affected tributary trade. Business At New
Orleans is dull. owing to fea,s of damage
money. Sugar crop rsporta are favorable.
A serious orevasse in the levees will result
IN the overflow in . region usually produo-
ing 10000 bales Of cotton. There IL a
strong demand from the interior for money
at Galveston. where trade generally is quiet
stimulated by better wenther, which ID true
Of Cincinnati, whore banks are extending
loans. Business Ia quiet at Louisville, Will
lower prices for tobacco. While trade i,
fair at Chicago, 1t il quiet, and the tend
ency is to lower prices in most lines; bank
ers there say the worst of the money strin-
Rency 10 over. Receipts of new-clip WOO
at Chicago are behind expectations. bsinf
checked by the difficulty in securing loans
st. Louie continues its exceptionally favor
able report concerning trade, spscifyin
higher p1iCey for some lines Of dry goods
and the faot that dealers In clothing az
about TO send ont travellers for fall orders
Kansas City reports its volume Of trade in Ok
cess OF that in a like portion of last year, bu
Omaha admits tina. while banks are renewing
loans they are not making new loans, al
though country banks balances are nov
growing. Nebraska has been visited b,
much needed rains and the general croI
outlook 10 improving. There 10 q stead
tone to trade at Milwaukee, and At st, Pau
the volume of sale. 10 said to be s~atisfso
tory, with loss anxiety than in the week be.
fore regarding the local financial situation
Groceries and other leading staples are il
most active demand ct Minneapolis, oths
lines being generally quiet. and at Duluth
business 10 reported fair and somewhat i'm
proved. with the wheat outlook satisfao
tory. There il an unsettled feeling amoni
merchants In Portland, Ore, and Will,
orders for dry goods and hardware have In
crensed In San Francisco. the prospsc
there ia for only an average year.
Ontario aRrioulturisss are busy. and trad,
IL confined TO the s%orting-up variety. Mor
cGntile collections are mot radically i'm
proved. The British national holiday nat
urally curtailsd business in she dominion
this week. yet the province Of Quebec re
- H. II