The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1921-08-18
FEWER FAILURES
NOTED IN MONTANA
DUN'S REPORT SAYS THERE is
CIR WING FEELING OF
OPTIMISM IN STATE
July Best Month so Far in 1921,
With Unemployment Lessening and
Prospects for More Money When
Crops Ale Harvested; East Is
Showing More Activity.

While the results can not yet be
seen in increased cash business trans
actions, there appears to be a grow
ing feeling of optimism In business
circles in the east, according to in
formation received by the R. G.. Dun
& Co. mercantile agency. In Mon
tana this feeling is not so apparent
as it is in some of the primary mar
kets of the east, but it is worth while
to consider that Montana mercantile
failures reported to R. G. Dun & Co.,
for the month of July were the small
est number of any month of 1921.
Furthermore, with harvest at hand
there is slightly less unemployment
in the state, and the selling of the
wheat and hay crops will bring to
Montana a very substantial influx of
money during the next few weeks.
This will naturally enable the farm
ers to liquidate many of their obli-
cations and will ease the local money
W q oD1C CAIC1I. Ill
certain sections of the state, parti-
cularly in spots northwest of Great
Falls, the crops are very light, and
little financial relief can be ~foreseen
in these sections as a result of the
harvest. The communities depend
ing on mining are still stagnant with
little or no prospect of immediate re-
lief.
Mercantile failures in the United
States during the month of July,
1921, far exceeded the failures of
July, 1920, yet the tendency during
the month just closed was favorable.
There were 200 failures in the Uni
ted States reported to r. G.. Dun G.
Co., for the first week of July, 324
for the second week, 81 for the
third week, and 342 for the last week
of the month.
Better Sentiment
With constructive forces in opera
ton and a better sentiment develop
ing in the east, the commercial out
look seems one of brighter promise.
Gains in activity, if not generally ex-
pected at this season, are not wholly
absent, and there is a more hopeful
lSSllli OfOh LII ShdlluC1o MuCIt IduS-l
actions disclose no increase. With
out departure from conservative and
prudent policies, some interests are
beginning to anticipate forward re-
quirements, especially in textiles, and
producers are benefiting from the
of buyers attitude. While
instances where manufacturers are
we'll ahead remain the excep-
ion, the constant repeating of mod
srate-sized orders, with requests for
prompt deliveries, indicates that
many dealers stocks have undergone
depletion, and is believed to foresha-
low larger purchasing in the future.
The public consuming power, how
,ver, is largely dependent upon en-
phases in various industries
the business recovery has not yet
the point where idleness at
Mills and factories has been appre-
,iably diminished. With the end of
,ummer, which is additionally a
Iuiet period, the situation may con-
reflect more definite evil
lences of improvement.
Favorable Features
The favorable features recently
loted in some divisions of the dry
.oods trade remain in evidence.
While retail distribution is unsatis-
actory despite clearance sales at
Qw prices, developments in eastern
1arkets continue encouraging. With
large attendance of buyers at diff