Barre evening telegram. (Barre, Vt.) 1898-19??, 1902-02-01
MORE labor DISPUTES
What Dun's Review Says OF the
Business Situation.
STEEL IN GREAT DEMAND
Textile Mills Kept Busy ANA the
Market strong - Over"eiii"e
Grain Market Causes u sh"'p
R.coxery-Week's Failures.

New York. Feb. In. G. Dun n CO. $
weekly review of trade says
Despte some drawbacks, the Dusi-
ness situation continues satisfactory
with especially good news from manu-
featuring centers Labor disputes are
somewhat more numerous. ana TO-"
water stopped mills in parts OF th'
northwest. Special lines We're stllha-
lated by seasOnable weather. Dut Tit
same influence affected others adverse
ly. TRANSPORTING interests were JUST
resuming normal conditions after the
worst congestion ever experience"
when the heavy snowfall at man!
points caused further blockades. NeV'
ertheless railway earnings thus far re-
ported for January show gains OF Io.l
Der cent over last years and 20.1 pei
cent over 1900.
Although manufacturers of steel nave
stubboruly resisted imitation OF prices.
the urgency of consumers has attract
ed more importations. Distant deliv-
cries are undertaken by domestic pro-
ducers, but where immediate shipment
is required it is often impossible to
prevent foreign makers securing the
business. Last years official state
ment showed a considerable loss i'll eX-
ports of some finished products OF iron
and steel, and this was doubtless due
to the same pressure by home consum-
ers that is now bringing a movement
into the country not in competition
with producers here but because early
deliveries cannot be made. AS antic-
pated, the ore companies fixed besse-
mer at the old rate Of $4.25.
The remarkable report Of the Steel
corporation gives some idea Of the vol
ume of business transacted last year,
while contracts already placed prac-
tically assure still greater activity for
1902. All lines have share in the
vigorous demand, with railway and
structural supplies leading. and prepa-
ration for spring work has removed
the dizziness from pipe and tube &c
pnrtments. Minor metals finally reac,l
pd II y int where cOnsulners were AT
traced. and recovery WAS general.
The Textile Market.
Textile mills are we'll occupied. and
III" lack of accumulations in first hands
yves strong tone to the market,
thcug.i there is much evidence of con-
ser .atism among buyers. While the
size of the cotton crop remains uncer
tain it must exert u quieting influence
on goods. Fewer lines of new wOOlens
have been opened than was expected
The raw material is sustained by brisk
competition and firm prices at the LON
don wool sale. .n, .a ..,...
After carrying the, decline to an ex-
treme point, especially for coarse grain.
there was IA sharp recovery. AS usual
during period of gradually falling
quotations., the market became heavily
oversold, SO that once the turning point
appeared there was added the impe-
tus of anxious covering by the short
contingent. Even ut the lowest point
of the week wheat was cents and
corn Is cents higher tlian at the CORE
spending date last year. Foreign buy
ing of wheat was not perceptibly slim
ulated by the lower prices, but there
continued steady outgo, aggregating
1864, 1913 bushels for the week, flour in
Guided, compared with 1924, 1853 a year
ago. Consumption of wheat as fodder
or holding back for higher prices pre-
vents the big yield from swelling re-
ceipts, which for the week We're $780,
oS1 bushels against 2,775,975 last year.
The reduced yield of corn is reflected
in interior arrivals of only 2,379,365
bushels compared with 4,9OS, 062 a year
ago, while the high price is responsible
for Atlantic exports of 331 $3.50 bushels
against 2,41S013 last year.
Conflicting statements hold the cot
ton market in suspense, but there is no
as to the unparalleled yield
of coffee. which puts the price within
fraction of the lowest point on record.
Failures in the United States for the
week numbered 3O1 against 263 last
year and in Canada 40 compared with
81 year ago.