Barre evening telegram. (Barre, Vt.) 1898-19??, 1900-05-12
TRADE FAIR.
Comment by Dun's Review on the
Weeks Business.
BUYERS HOLD BACK ORDERS.
considerable Increase of Business
Reported In the Metal World
ms Result Of Recent Re-
ductiOns In Prices.


Co.'S weekly review of trade says:
With wholesome promptness the coun-
try is recovering from the embarrassment
of unnaturally high prices. In some lines
the great manufacturing associations
have taken the lead: in others reduction
is still deferred because the entire pro-
duclng capacity is engaged ut high prices
FOR some months to come; in others it
comes in spite of resistance because buy
ers hold back orders for their own pro-
lection until material concessions are
made. No disturbance nor stringency
of credits results nor any sign Of alarm,
and the movement is perhaps more
healthy than it could have been if entire
ly controlled by the competition of many
small concerns. The proportion of works
and of hands unemployed is as yet quite
small, and the volume of business trans
acted, though less than last year in New
England and middle state cities. is larger
than ever before ut "a out of t} clearing
houses in the entire region west of Penn
sylvania and south of the Potomac.
Production stimulated by high prices
rises above consumption retarded by
them. The weekly output of pig iron
May l was 293,S $50 tons against $50. 1872
April !, while unsold stocks not held by
the great steel makers increased 44,645
tons. This would indicate Il daily con-
sumption of 4O.G4l tons against II ,G42
in January. hitherto the largest, but for
the fact that considerable stocks have
also accumulated in the hands of con-
suming concerns, of which enough to use
much more than 400 tons daily are now
;IIo pocvnpnnr nj, r I,lr Il
Lehigh valley, No. l, here are quoted at
500 per ton, and market wire has been
reduced in correspondence with barbed
and plain. Considerable increase of bust
ness is reported. resulting from recent re-
auctions, but demands for higher wages
and also for closing of some iron works
two months in the year whether there is
business or not cause some hesitation re-
garding future contracts. The Smelling
and Refining company has reduced lead
SO per ton. to AZ cents, and copper has
declined an eighth, to 1875 cents fol-
Lake. while tin is also lower, at % cents
Boots and Shoes.
Shipments Of boots and shoes from the
east for the first week of May were
smaller than in the corresponding week
Oh every year save O1c SIuNt Icof. } III
decline in hides. which has affected near
ly all country quotations ut Chicago this
week. and some further decline in upper
leather have not brought concessions in
boots and Shoes but have strengthened
the purpose of dealers to keep back or
ders. Accounts indicate that dealers
stocks throughout the country are I'M
usually large and many shops are closed
while many more have but little work
ahead Prices asked are practically as
high as they were Jan l, though leather
averages per cent lower and hides
about 10 per cent lower.
In spite of good exports. wheat pros
poets suffice to cause decline OF TX
cents, while corn has declined 2'tts cents
Corn exports still run much beyond last
wears, in two weeks 6.S50,3O0 bushels
against 4,720.GGG last year. and at At
lantic exports of wheat. flour included
have been in two weeks 5.199oOS bushels
against 5.336. 705 last year. with PACING
exnorts 1904 .G97 bushels against 1.OS9,
132 last last year. OF both grains thu
movement from the farms is large enough
to dispel all fear that the supply will rll
short. :.
Foreign trade opens May with an IN
crease of G'per cent over last year Ill "a
ports from New York and slight de
crease in imports. 1t is likely that eX
ports this year have been swclled to som
extent by shipment of articles to fail
for exhibition, but such displays usual
result in sales far exceeding origih'
shipments. AS the outgo OF cotton an
brcndstuffs seems likely to continue, an
other months excess of exports greale
than the $24,000,00O last year may b
expected. ,o
Failures for the week have been l"
in thc United States against 161 las
veor and Is in Canada against % las