Barre evening telegram. (Barre, Vt.) 1898-19??, 1898-10-08
TROUBLES IN WOOL.
What Dun's Review Says About Some
Recent Failures.
IRON TRADE STILL GAINS.
Farmers Stlll Holding Wheat In Hope
of Higher Prices - Sugar War
Helps COnsumers-Failu
Of the Week.

New York, Oct. 8.-R. G.. Dun & Co. s
weekly review of trade says:
The last quarter of 1898 begins with
sensational troubles in wool, the
Tradeslnen's National bank having fall
ed, with large reported loans to the
wool warehouse, while the Wool Ex-
change has stopped sales, and The Wool
Record has stopped publication, and the
same week witnessed the failure Of the
Sawyer mills and the Plymouth mills.
1t can dc no good to disguise the fact
that the large eastern advances on wool
to be held for higher prices has helped
to retard the natural decline in that
product, of which 100 quotations by
Coates Bros. of Philadelphia average
1871 cents against 2O.83 Feb. l. while
extraordinary small sales, only 2,614, 800
pounds for the week at the three chief
markets, against 14,337OOO last year.
7,663,s00 in 1896 and 1909, GOO in 1892, in
dicate very little demand at this time
for manufacture
The iron industry still gains so rapid
ly that an unhealthy boom would seem
to be in progress but for the peculiar
conditions. In spite of the combination
of valley producers, who now propose a
joint selling agency at Pittsburg. sales
run little below their fixed figures,
5000 being quoted at Pittsburg and
1925 for gray forge, while southern and
local iron are steady at Chicago, and
anthracite is not stronger at Philadel-
pha. But the consuming demand is
remarka bly, heavy, and large cont "a t.
this week cover 5000 tons structural
iron at Chicago, 5000 tons for Boston,
2,0G0 tons ship plates at Cleveland. and
heavy demand for bars, the p n lsyl-
vania railroad requiring $500 cars and
the Northwestern 2,O0O
Wheat Declining.
Wheat has been declining a little,
with foreign reports somewhat more
favorable as to European crops, and y
the actual shipments have been 3,5S .9H
bushels, flour included, for the week
against 4468, 954 bushels for the CORE
spending week last year. All reports
still indicate that farmers are quite
generally holding back their crop in tht
hope Of higher prices. and collections al
the west are almost everywhere retard-
ed on that account, and yet the western
receipts amount to 10.539.3 .359 bushels
against $3.50, 720 for the same week last
year. Nor Is the corn crop any OBJ
struction, for while 2,531,0 bushels
were exported during the week against
1,S55,O67 last year the movement does
not indicate large supplies in the in
terror.
With stocks Of Tobacco trust fallins
over $40 last week, it is not surprising
that there is some weakness In that de.
partment of securities, averaging about
81 per share, while railroad stocks av-
eraged % cents per share higher than
week ago. The battle between the great
sugar producers has reduced prices OF
refined sugar over half cent during
the past week. and yet the opposing
companies find no satisfactory ground
for agreement, and the contest is likely
TO continue for some time.
Failures for the week have been 169
in the United States against PIP last
year and % in Canada against 20 last
year.