Barre evening telegram. (Barre, Vt.) 1898-19??, 1899-08-12
THE STATE OF TRADE,
Jams Review Gives a Summary Of
the Weeks Business,
LARGE RECEIPTS OF WHEA T..
Exports In BreadstuFs Drop to Som e
Extent. the Price of Wheat
Falling While That Of
Corn Goes Up.

New York, Aug. 12.-R. G. Dun &
LOS weekly review of trade says:
After great expansion business hest
tates. This year it is astonishing that the
hesitation has been so slight. In one
branch after another buying has halted.
only to be followed by larger buying.
The possibility OF gold exports troubles
some minds but now the question is
only whether gold imports will soon be
necessary. Short crops were and are pre-
iicted, but farmers are more inclined to
market their grain than ever Collapse
Of industrial stocks was feared, but they
hold their prices better than other stocks
at present. Artificial tightness of money,
in paper but not in gold, was feared for
a time, but the secretary has killed that
fear by issuing gold certificates. Mean
while the volume of payments through
The chief clearing houses in August thus
far has been 27.8 per cent larger than
last year and 51.1 per cent larger than
the same part of 1892.
The output of iron furnaces in blast
Aug. 1 was 2G9,032 tons weekly, 6O.S per
cent more than in 1892 and p per cent
more than last year. With decrease
of 27,3G1 tons in unsold stocks, nearly
half in charcoal iron, the apparent con-
sumption and exports do not exceed
1,210,6O4 tons, which barely equals the
lowest report of production Aug. /, and
other furnaces have started since that
date, with several more to follow.
The supply appears to be at least equal
to the demand although new demands
for the week have covered 2, 100 tons for
new buildings at Chicago, with much for
bridges, and 1000 tons for eastern build.
ihgs at pittsburg. In bars both east and
west the mills are unable to take all or
ders Offered, nor in plates can they take
all orders anywhere, while in sheets the
western mills are oyercrowded, though
the eastern demand is lighter. No change
worth noting appears in prices, and the
steadness of quotations indicates that
the supply is much more nearly meeting
the demand
Wheat Statistics.
" heat receipts at the west have been
1862. so bushels in two weeks, against
b.64D.060 bushels last year, making it
hard to believe the unfavOrable crop es-
Inmates which still come forward from
official and unofficial sources, The eX
ports have slackened, amounting to only
5000, 1873 bushels, -four included, from
Atlantic ports, against 5,045,311 last
year. and from Pacific ports 100000
bushels, against 924.155 last year, other
exports being 457,2SS bushels
Corn exports were 10 two weeks 1870
500 bushels against 4,743,7G6 last year.
but receipts continue enormous, in two
weeks S,S39,911 bushels against G,479,-
176 last year, Contradictory stories
about foreign crops weigh but little coma
pared with the actual buying of grain
and movement from the farms. The
truth seems TO be that the supply Of
wheat in the spring wheat region Is Lars
ger than anybody has supposed. Prices
tor wheat have declined -eighths,
while for corn prices have advanced
about three-quarters Of cent.
The stock market has not done much, the
average for 60 railroad stocks rising only
81 cents per share and the average for In
dustrials rising only 81 cents per share.
As London Is said to have sold in excess
of purchases 10000 shares, the result Is
encouraging. Tic earnings in .I"'v h"""
been 1858 per cent larger than last year
on roads covering about half the tratflc
and - per cent larger than in 1892
Failures for the week have been l36
in the United States against l9o last
wear and 20 in Canada against IL last
year