Barre evening telegram. (Barre, Vt.) 1898-19??, 1900-03-24
BETTER BUSINESS
Dun's Review Says New Financial
Bill Has Pleased Banks.
AN ADVANCE IN ALL STOCKS.
Tendency Toward Reaction OF Fr'ceS
In the Metal WoEld Reported TO
Continue, Though Bessemer
and Zig Are strong.

New York, March 24.-R. G. DUN d
Co.'S weekly review of trade says:
In its first week of operation the new
monetary bill has given satisfaction at
the treasury and to banks. Applications
for new per cents have exceeded SlO6,-
100000. and the net increase in bank
circulation is already over S10,o0O.00o
As the rate at which now circulation
can be issued is limited. except for banks
which gave orders in advance of the
passage of the bill and the issues ut first
are largely for increase of notes to the
par value of bonds deposited. little can
yet be inferred regarding the other in
crease, though applications Indicate that
it will be large for interior banks.
The release Of millions employed in
preparation for action under the new
measure has caused III bank returns con
siderable changes which are nominal rath-
or than real, anu the money markets are
undisturbed The extraordinary exports
in three weeks from this port alone. S43,-
916,Sg5. exceeding last years by SI.09S.-
026, or 1913 per cent. have rendered the
exchange market weaker. in spite of an
increase of S9H6.00o. or - per cent. in
imports at New York for three weeks.
Change in the control OF a street rail
way in receivers hands has not hereto
fore had such financial influence ms the
acquisition Of the Third Avenue by the
Metropolitan Owing to relations of the
parties interested with other works here
and in Brooklyn. with many industrial
operation and with dealings i'll the stock
market, the weakening of forces working
for depression of prices has been mpor-
tant All stocks have advanced. Third
Avenue from $G4.25 last week 10 SIP,
five other street and gas stocks 500 per
share. ten industrial stocks 500 per
share and 60 railroad stocks $50 per
share.
The Metal Market.
As yet the tendency toward reaction of
prices continues, though in the Pittsburg
region bessemer and basic pig are strong.
But eastern besscmcr and gray forge and
southern pig are sold there at prices be-
low those governing in larger transac-
lions, and it is only the demand for steel
making iron which appears to exceed
the supply. Eastern markets are weak
err, with reduction of 81 per ton at phila-
delpha in some grades. Finished prod
ucts are generally unchanged. though
sheets rise at Chicago with the coming
combination, while plates sink lower at
Pittsburg and TO the lowest point since
April ), 1899, at Philadelphia.
Cotton holds at 97S cents for spot with
heavy export demand, though futures are
weaker. European stocks IN sight with
mill stocks reported 10y Ellison cover
consumption at the rate he reports for a
large part, but not for the whole of the
crop year remaining. and the visible sup
ply in this country is being sold at terms
which make the 100000 bales exported
this month worth more than 6IO,OuO
would have been worth year ago, when
only 244 900 Wen, abroad in the same
week Receipts have exceeded last years
for the week, though not much for the
month.
The advance in wheat which followed
statements Of the quantity in farmers
hahds has not heVn maintained. and the
decline the past week has been rs cents.
corn also yielding about as much. Allan
tic exports were but l,153,o2S bushels
for the week and for three weeks only
4.162, 49, against S,130.3Tl last wear
Receipts at western ports i'll three weeks
have been II ,9I1.231 against lo,1SJ,051
last year. Meanwhile Pacific exports arc
heavy and in three weeks have been
31S3523 bushels against l,65j,217 last
year The foreign demand for corn still
lessons.