Barre evening telegram. (Barre, Vt.) 1898-19??, 1899-09-23
REVIEW OF BUSINESS.
Dun 4 Co. Note a Reaction In the
Stock Market.
TRADE CONDITIONS GOOD.
volume of Business Continues I'm
precedentedly Large - Excess of
Exports Over Notwithstanding
Demand For Steel and Iron.

N'NN Acih, hoCPl. -O.~Iks ". Duu N
TO- weekly review of trade says:
The reaction in the stock market is not
a sign Of anything outside that market,
but has set many to look for signs of
a reaction elsewhere. Such signs have
been hard to find. 1t has been for months
a wonder that the demand for products
was sustained at rates exceeding past
consumption in any year, notwithstand-
ing the general rise in prices. But the
demand does not appear to abate, and
the rise in prices continues A partial
explanation is that scarcely any class of
products directly consumed by individu-
ais has advanced as much as the wages
and employment of labor.
With more hands at work more hours
and at 10 to Il per cent higher wages,
the gain in purchasing power has been
quite beyond the rise of per cent in
boots and shoes this year or 8 per cent
in leather. 80 per cent in wooden goods
or 1913 per cent in wool and even beyond
the rise Of II per cent in cotton goods,
mainly due to the rise of 10 per cent in
cotton. But products used in manufac-
turing and transporting have advanced
much more because Of the enormous in
crease in volume of business done and in
anticipated business for the future.
Higher prices cause shrinking demand,
other things being equal, but this year
other things are not equal.
The Export of Grain.
Wheat exports fall little below last
years, but in three weeks, -four included
have been S.65GS77 bushels from Attain
tic ports against 9,293, 2S1 last year. and
1O21.29S from Pacific ports against 907,-
56l last year. But western receipts have
been 21.119.S52 bushels, against 23O29,-
319 last year, and even more impressive
are the receipts of 1S.5l5.932 bushels corn
against ll.l17.4S3 last year, and the ex-
ports of 9.201 .427 bushels against 5.943,-
$50 last year. Prices moved little Ell
Their way, but wheat has risen three
eishths of a cent and corn the same
Further government reports have been so
far credited abroad that cotton has risen
6.62 cents, but it comes forward more
freely than in years of maximum crops
When men pay So to So per ton more
than the latest quoted price for iron
products in order to get early deliveries,
it is because delay is threatened on
works ar railroads or bridges vessels or
machinery, promising a net profit many
times the cost of small fraction of the
material. In such circumstances, as in
much of the reconstruction and expan-
sion now going on, present cost counts
for little compared with the earning DOW
er of the flushed product in time like
this. Be.spmer and anthracite pig are
unchanged. Gray forge at Pittsburg
and Chicago and Southern iron are high
er, bars 81 per ton higher, and plates SO
per ton and rails 81 per ton. Most of
the business is for next year, with pre-
miums lad for more speedy delivery.
The boot and shoe works have shipped
in three weeks POI ,055 cases against
PSI ,G1S in the same week of 1897. but
over 10000 more than in any other year
Volume of Trade Heavy.
The volume of business continues be-
yond all precedent, exchanges for the
week exceeding last years by I1.5 per
cent, and those of 1892 by. G2.7 per
cent. While exports from New York
in two weeks have been rs per cent less
than lat year and imports here n per
cent greater, the excess of exports is
still more than $2O.0O0O00. Money has
been in fair supply since the reaction,
terror, bat dispatches announce some
imports of gold already, the practical
parity If exchange between Chicago and
New York is significant, and heavy short
sales of sterling exchange here are re-
ported.
Failures for the three weeks have been
$3,977, - Is in amount against $685.. $50
last year, SJ.G21 sis in 1897 and S1S.-
019,232 in 1896. Manufacturing have
been %G3l ,1O6 against S1.159.S35 last
year and trading 81 ,S43,5 $50 against 81
S76.452 \ single real estate brokerage
failure for 81 ,433, 600 makes a difference
of more than $1,000,000 compared with,
last year.
Failures for the week have been 154
in the United States. against 10 last
year, and Is in Canada, against 16 last
year.