Barre evening telegram. (Barre, Vt.) 1898-19??, 1900-03-17
BUSINESS QUIET
Owing to the Great Storms During
the Past Week.
ings.

New York, March 17.-R. G. Dun &
Co. 5 weekly review of trade says:
The new monetary act which was sign
ed and took effect on "Wednesday has not
affected business perceptibiy as yet. De-
signed rs Il barrier against future harm,
it was by some expected to have imme-
date influence through provisions regard
ing bank circulation. While 81, 100000
will he added to New York circulation,
the increase thus far indicated will be
mainly in the interior, affecting the chief
monetary centers only by lessening reli-
ance upon them when more currency is
wanted. The speculative activity which
some anticipated does not yet appear.
Stocks have changed very little, though
some advance was made on Monday, and
foreign buying amounted during the week
TO 115,000 shares net. Railroad stocks
close only II cents per share higher for
the week and Industrial stocks s! cents
higher, but street and gas stocks $l.35
per share lower. Earnings have not
been as large this month as in February,
partly owing to storms in some sections,
but still show gains of 6.6 per cent over
last year and 12.S per cent over 1898.
The report of foreign commerce in Feb
Though the month was short, they have
been exceeded in only six months in the
history of the country and in daily aver
age. S4.277,349. never surpassed except
in December. 1898, with $4,446. 1913 and
November. 1898, with S4,326,599 daily.
The exports of cotton We're in value $780,
S39.371. and the domestic exports exclu-
sive of the chief staples We're in value
$4S,206,S4S, or $1.72l,G73 per day, an
amount never equaled except in Decem-
Der last, when such exports averaged ST.
72S, 1913 daily. The excess of exports
over imports, $5O,931 ,Gl2, raises the bal
ance due this country on merchandise ac-
count to $364. .S03, AGA for eight months.
The Grain Market.
The grain movement is fading in i'm
portance. Corn exports have been in two
weeks only 5,497.1O2 bushels, against
7,126.553 last year. though prior to
March 132 9S2. .G23 bushels were exported,
against 99.S34.9S4 last year. The wheat
movement is falling behind rather less
than it has been in recent weeks, owing
partly to large Pacific shipments. At
lantic exports in two weeks have been
5000. .4l4 bushels, -four included, against
6.229,41S last year, and Pacific exports
2.566,077 bushels. against 1 1.421,316 last
year. While government estimates of
wheat in farmers hands showed a suffi-
cient quantity, with visible supply to
meet, besides all home requirements, as
large foreign demands as those of last
year and yet leave large surplus. there
is no reason to expect that last years
foreign demand will be equaled. The
price advanced o"s cents for the week,
and corn advanced 2.44 cents.
Jealous efforts to excite new confidence
in higher prices for iron have not had
the desired effect. While various markets
are called stronger, not quotation has
advanced. but tank plates ut Pittsburg
are shade lower at cents. Eastern
gray forge has sold there in considera-
BILE quantity at 5000 against $21 for
local forge. and southern No. l foundry
is selling here at $22.15 against $23.5O
for northern No. /. Ressemer pig is still
held at $24 at Valley Mills. though small
lots are obtainable at Pittsburg at $24.5O
Many large contracts are mentioned as
in prospect. but not one aS closed. ex-
cept a structural contract for The govern
ment printing office. Much work is de-
ferred because of the builders and ma,
chinists strike at Chicago and much be
cause of doubt whether prices can be
| held with the output exceeding consump
ton over 1000 tons per day.
Failures for the week have been l9S
in the United States against 1S9 last
year and 23 in Canada against 30 last