Barre evening telegram. (Barre, Vt.) 1898-19??, 1902-06-21
Advancing Season and Labor Troubles
tie Cause of This.
BETTER CONDITION IN WEST.
Coke Production Attaining New Rec
0rds Each Week-Textile Market
Dull-GoOd Reports From Ma
jority of Grain Regions.
New York, June PR. G. Dun &

new 1Ork, June 2l.-R. ". OuH q
Co.'S weekly review Of trade says:
Trade at the east is more quiet OW-
bad effect Of prolonged labor contro-
versies is being felt in certain lines.
Reports from the interior and the far
west are more encouraging, DOuntl1ul
harvcSts being expected, while the
light stocks carried over from the pre-
vlous season assure profitable prices,
The best indication OF continued pros
perity is the fact that quotations 40
not rccele even in the lines where ut
present there is only a moderate de-
gree of activity There is no evidence
of yielding on either side in the coal
strike, and as the convention of soft
coal miners has been called for July II
the sympathetic strike cannot become
factor for some weeks even if it is
decided upon.
Uncertainty regarding their ability
to secure pig iron at reasonable prices
is making producers of steel cautious
in accepting contracts that call for de-
livery at even remote dates. Raw ma
terial is undoubtedly in light supply,
and the anthracite coal strike has sus-
pended work at a number of furnaces.
Coke production is attaining new rec
ords each week in the endeavor to
supply all requirements, and better
railway facilities are making unprece-
denied shipments from the Connells
vile region Soft coal is beginning to
mand.
In certain lines of finished steel prod
ucts the addition Of new plants to the
productive capacity has had percep-
tible influence on prices, Introducing
more competition. This factor is felt
In all heavy lines, notably rails and
structural material. orders run far in
to next year, and there is no question
of concessions in quotations. Jobbers
having a surplus of bar iron sold mod
crate quantities at lower figure than
the market rate, but steel bars are
frmer
Quiet conditions prevail in eastern
dry goods and footwear markets. Dis
tribution of textiles from second hands
is only of average volume, and it is ev-
ident that jobbers' supplies require
only moderate replenishing. Buyers of
cotton goods take only for moderate
consumption, indicating faith in cheap
or raw material with the new season
and consequent reductions in products
Better Trade With China.
A stronger silver market has revived
purchases for export to China, al
though, like the home trade. this is
still on moderate scale. Supplement
tai buying of woolens is also limited,
in part owing to the tardy delivery of
Sampfs pieces. 1t is noteworthy that |
prices in all textile lines are firmly |
held despite the slow movement, indi-
eating confidence on the part of sell
ers. Shoeshops in New England have |
more orders, yet most factories only |
operate part time, and some are en-
tirely idle. Leather is dull and for
eign dry hides weaker
Lack of rain in the southwest is the |
only seriously unfavorable crop indi-
cation of the week, while exceptional
ly encouraging reports are received
from most points. Dispatches from
correspondents of r. G. Dun & Co.
throughout the cotton belt promise a
large yield, yet spot prices continue
well above those OF year ago owing
to the strong statistical position and
liberal consumption. Domestic grain
makes good progress, but bad news
has been received from abroad, and
the outlook is favorable for large ex-
ports. Comparisons for the week with
last years movement show losses,
however, the outgo of wheat, -four in
Guided. from all ports of the United
States amounting to only 2,3SO.426
bushels against 4.057.02 year ago.
while Atlantic coast shipments of corn
were 77,754 bushels compared with
$685. last year. In the speculative
markets there was much activity at
Chicago, where the short interest in
corn was badly demoralized by ag-
eressive manipulation, July options
60 cents. Heavy liquidation
brought sharp decline from the top
figure.
Failures for the week numbered 1914
ln the United States against 1893 last
year and 10 in Canada against ii a
year ago.