Barre evening telegram. (Barre, Vt.) 1898-19??, 1899-05-20
TnE TRADE SITUATION.
Dun's Review Finds Business Affairs
Prosperous.
WEEK IN THE METAL MART.
The steel and Iron Masters Still Have
Plenty of Work For Their
FnctOries-Other Conn
mercial News.
WEEK IN THE METAL MAR

New York May 2O.--R. G. Dun & Co.'s
weekly review of trade says:
Decline in stocks after the death OF
Ex-Governor Flower was entirely nat
ural. His personal influence was worth
many millions to corporations which ne
chose to join. The stocks in which he
was most largely interested were strong
ly supported and after an hours weak
ness began to recover, but his place in
business will not be filed in an hour.
No other occasion appeared for weak
ness in the market. and very large
share OF the depression in industrial
stocks had previously appeared on Tues
day, owing to the multiplication and
highly magnf1ed stories Of new combi
nations in iron and steel.
While buying 900 tons bessemer pig
at Pittsburg gave reason for the ad-
vance in price to 5000, with gray forge
quoted at S15 per ton, it is not quite as
clear as it might be that the output,
which was 255. 900 tons weekly, accord
ing to the Pittsburg record. and has
since been largely increased by the ad-
diton of many furnaces, will continue
to fall below the demand.
For the requirements in various de-
partmentS for manufactured products,
it must be recognized, is scarcely meas
urable and does not seem as much d.
minished as might be expected by high
err prices and long delay in delivery. In
plates, for instance. the demand covers
many thousand tons for bridges at Chi
cago and at Pittsburg, and one Phila-
delphia concern accepted 1000 tons and
afterward was obliged to refuse more,
one other concern in the same city re-
fusing over 10000 tons.
Higher Prices For shoes.
The shipments of boots and shoes
from the east have been for two weeks
of May 90 per cent larger than last year
and 500 per cent larger than in 1892.
Higher prices which have been asked
for several months are now more
generally paid for mems wear. though
most works are covered by earlier or
ders for four months ahead or more.
Leather shows hesitation. dealers ap-
parently questioning whether the rise
has not been too much. and at Chicago
the same question runs through the
hide market, though advances are
slight.
Wheat has been rising during the past
week about 4 cents. and nobody can tell
why, although the exports in the past
two weeks have been 1859. 006, -four in
cluded against S,13512 last year. Bet
ter shipments We're expected after the
opening Of navigation, and there Is real
ly no use in considering the dreams of
western spectators and crop reports at
this time No one can form a fair judg-
ment at the middle of May regarding
| the output which will be visible to ev-
| erybody in the middle of July. The best
| that can he done is to accept the crop
reports, official and other, with almost
i indefinite allowances.
The volume of all business through
the clearing houses outside New York
has been 297 per cent larger than last
year, for May thus far 1873 per cent lar
ger than in 1892, and the total increase
619 per cent for the month over 1895
and 81 rer cent over 1892.