Barre evening telegram. (Barre, Vt.) 1898-19??, 1898-08-29
VOLUME OF TRADE Big.
Duu's Review Says business Is Run.
ming Along Smoothly.
IRON AND STEEL SITUATION.
Illinois Combination Getting All 1t Can
Do-Prices Raised by the Tin Plate
Producers Weeks Failures
Less Than u Year Ago.

New York, Aug. 27.-R. G. Dun &
Co.'S weekly review of trade says:
The volume of business reflected in
exchanges at the principal clearing
houses Is 20.4 per cent larger than last
year and 26.8 per cent larger than in
1892, heretofore the year of largest bust
ness and highest prosperity ever known.
Part of this increase was due to specu-
lation at New York, but there remains
healthy increase over the best of pre-
vious years, and though in some
branches business is not satisfactory in
character in nearly all it is in volume
larger than ever before.
No unfavorable change appears in the
prospect Of crops upon which the well
fare OF the country so largely depends,
nor Is there present or threatening
financial disturbance. Europe has not
wearied of buying American securities,
although some spectators have been
selling, nor is there shown any want of
confidence among American investors.
The money market is running smoothly,
without any symptom of danger, and
the unusual delay of western demand
for crop moving uses only indicates the
enormous increase in available re-
sources carried in the banks of that
section.
Wheat goes down 8 cents for the
week, as IL there were no foreign de-
mand coming, the obvious concert of
farmers to keep hack wheat, the crop
being certainly very large, tending to
encourage conspiracy of traders
against them, which thus far has entire
control of the market
| Atlantic exports for the week have
been 2.731,594 bushels, against 3059, $3.50
last year, and for four weeks of August
l1,736,2S5 bushels, against 1887, 6SS last
year. while Pacific exports, 254,23 bush
els for the week against 77O,s19 last
year, have been for the month 1853, 1874
against 1,405,3S3 last year.
Foreign Crops Up to Average.
1t is wise to remember that the for
eign demand on account of last years
shortage is still tapping over while al
reports tend to show that foreign crops
are quite up to the average.
The output of iron and steel no Longer
measures the demand, and the stipulat
ed stoppage Of furnaces in the shenan
go and Mahoning valleys has raised thu
price VI DCSScIHci pl6 az ~
S1o5O and of gray forge to 1925, withou
any certainty whatever that such prices
can be maintained when the valley fur
naces resume operations, as some o
them are now doing.
The natural result is that the Pitts
burg region is by so much the less abb
to compete with the great Illinoi
combna ton, just formed, which is get
ting all the business 1t can do and prom
ises to turn out iron at less cost thai
any other works In the country.
J At all points bars promise a large
output than ever before, and structure
forms and plates are in heavy demand
while the tin plate producers have foun
| themselves obliged to advance price
, about 10 cents per box, and the sales ar
. said to be very heavy
1t is we'll to note that the liabilities {
failures reporting for the three weeks {
August have been only 81 598.213 agains
Sc, 1886, 273 last year. and $40, 1892, 2s5 in 1879
S6,519,366 in 1895 and $S,214,470 in 1879
Manufacturing were $1,57S,633 again:
I So 731, 1866, and trading were S2,910,1 L
n against s9,201,514 last year. Failures ft
I the week have been 179 in the Unite
States against 223 last year, and rs
I Canada against "a last year.