Barre evening telegram. (Barre, Vt.) 1898-19??, 1899-08-19
THU STATE OF TRADE
Dun's Review Notes a Gigantic Ex-
mansion of Home Demands,
HIGHER PRICES FOR IRON.
Slight Advance In W heat During the
Week, with "a Falling ON Ia
Atlantic ExpOrts-Gener-
al Rise In stocks.

New York, Aug. 19.-R. G. Dun 4
Co.'S review of trade says:
The Cramps have discharged many
hundred onds and ask Russia to extend
time for completion Of two warshlps, be-
cause thcy cannot get the steel. Compile
ton of = out of 81 vessels building IN
the Delaware is also affected. Ii is a
curious experience for this country, but
shows the gigantic expansion of home
demand no one can question the tact
that pay ueuts through the pTinclpal
clearing houses have been in August
go per cent larger than in lS''2 for the
month tlls far and outside New York
90 per cent. No better test OF the
volume of business is known, but there
is growing handicap in the advance of
prices.
In iron the question is of steel billets,
which the great consuming companies
have houuht far in advance, so that all
new ordc!| have a narrow market. For
six months bi'rts have sold al ~ to S6
higher th3n- he rails made from them.
wa
tracts, are mainly for various shapes and
size uniy prescribed in contracts.
While prices have risen % cents for
southern pig iron. 20 cents for Chicago
local coke and - cents for grey forge
at pittsbuI@, rails have advanced 81 per
ton. With work covered for all this year
and ~ittNNO tons or more taken beyond
what can lie delivered until next year.
"copper" IS steady at 1-l2 cents for lake,
with production for July II 1913 tons do
nestle and $500 tons foreign. Tin is
lower ut 81 cents, and lead weakens on
the stoppage of the shelters strike.
The wheat Market.
Whcat has advanced only 10 cents dur
ing the week. with Atlantic exports only
1853 ;HO2 bushels. flour included, against
3,05A,@}So last year and Pacific exports
911 ,3-1J bushels against 1Io, 400 last year.
Western receipts have been only 3.212,-
III bushels against $500, 229 last year.
1t is Il question whether the smaller re-
ceiptS are due TO recent changes in crop
prospects,. giving holders of grain n bet
ter outlook. Exports of wheat in three
weeks have been from both coasts. flour
included 9915 1ti4 bushels against TO-
IL i.Zf1 tUSilclS lHSI year. ana the west
ern rec. ipts have been l 1,Si4,li;G bush
els against 9,0l5, $50 last year. but ii is
also significant that corn has risen IL
quarter of a cent. with receipts of 3,O2G.
692 bushels; for III" week against 3.1l f..
lGl laSl year. while the exports have
been 1904, SOP bushels against $50, BOZ
last year
Stock. have risen in spite of Il heavy
tone and strong speculative movements
for d1c,ine,S1 cents per share in the
average for railroads and 81 cents per
ShAre for industrials. London sp"culn
tive selling helped to dopress early in the
week. but aft3rward buying took about
as many shares. Railroad earnings in
August have been thus far Is pcr ccit
large than last year and 8 per cent
larger than in 1892 and east bound tom
mage from Chicago has exceeded last
years for two weeks of August by %
per cent and those of 1892 by SOB per
cent.
Failures for he week have i;epn in the
United States 1876 against 15f last year.
and in Canada n against II last year.