Barre evening telegram. (Barre, Vt.) 1898-19??, 1898-11-05
ELECTIONS And TRADE
Influence of Former on Latter Not
Noticeable. Says buns.
FAILURE RETURNS PUZZLING
market For the Past Week In Iron
STEEL Cotton and BrendstufYs.
railroad Earnings For
October Large.

new York, Nov. 5.-R. G, Dun g. Co "a
weekly review Of trade says:
Not even the election has disturbed
business nor Industries on the financial
size this week. Although many ar.
doubtless waiting for the votes before
borrowing. the volume of business
through clearing houses is e. ner cent
larger than last year and 1.54 Der cent
larger than in 1892. While no,,t,caI
doubts may count for much, they can
ohiy nave prevented a growth of bust
ness which might have been much more
than has been realized
Failure returns for October are curi.
ousiy puzzllng because, while the small
taiiures compare remarkably we'll with
tnose or previous years and also the
natures or 100000 or more in about
two-thirds of the business classes, there
were large failures in a few branches,
not generally due to present business
conditions. which made the aggregate
$4,000 00, but neither the Sawyer WOOL
en- failures nor others, excepting per-
maps some in machinery and boots and
shoes and leather, indicate difficulties
beyond those of the particular concerns
failing.
Neither the volume of business nor
the value Of manufactured products
diminishes. While bessemer pig is sold
against the combination at Plttsburg 10
cents lower, with other iron there and
elsewhere steady, the general demand
crowds closely on the heels of produce
ton. Billets and steel bars, owing to
prospects regarding combinations, are
shade lower and prices of steel rails
have been Withdrawn because reports
promise single corporal on to handle
all the rail production, 1900 0O9 t. 20 O..
600 tons yearly, but plates are supported
by heavy demands at Chicago and At
Philadelphia for shipyards. The lar
mills are crowded at all western works,
with steel preferred to iron. In spite of
the season new structural orders are
very satisfactory. and pipe works at
Chicago are far behind on deliveries
while sheets there are strong.
Cotton Away Down.
ever known-5.31 cents for spot-while
Mr.. Neill estimates a crop of II, 800, 900
bales, besides large stocks brought over
here and abroad. There is nothing to
indicate that the foreign demand will
be greatly reduced compared with last
year, nor will the home demand, as a
whole, although northern manufacture
ers may be obliged to curtail produce
ton, owing to competition at the south.
Wheat exports continue very large,
amounting to 1850 SIC bushels from At
lantic ports, flour included, against
1921, $50 last year. and 029 1873 from Pa
cific ports against 500 252 last year. but
the heavy exports have been much
more than matched by western receipts
Of 9,490,0 92 bushels against 7,600,993 last
year, and prices have not changed ma
terially. Corn goes abroad largely,
BOIL ,0S5 bushels during heweek aga INST
!, S12, 943 last year. and prices are we'll
held.
Railroad earnings in October thus far
reported have been 5.S per cent larger
than last year and 81 per cent larger
than in 1892, Notwithstanding the gen.
eral complaint of cutting of rates, and
the returns are on the whole the best
of the year thus far
While domestic exports from New
York for four weeks past have been 20
per cent larger than last year in value,
for four weeks past imports have been
also somewhat larger, but the differ
ence indicates another enormous bal
ance In favor of this country, not at
present covered by specie movement or
by exchange loans, which are growing
very heavy. The country is so largely
a creditor that as yet it does not know
its own power.
Failures for the week have been 1914 in
the United States against 276 last year,
and 20 in Canada against 30 last year.