Barre evening telegram. (Barre, Vt.) 1898-19??, 1902-06-28
THE STATE OF TRADE
Comment hy buns Review on the
Business Of the Week.
FOREIGN MARKETS UPSET.
Illness Of King and PUstpOnement of
Coronation Ceremony Will Result
In Heavy LOsses-DOmesticC Com
ditions Reported Satisfactory.

New York, June Or. G. Dun &
Co.'S weekly review Of trade says:
Foreign markets were badly disar-
ranged by the sudden illness of the
king, and there was much liquidation
prior to the closing of British eX-
changes from Wednesday afternoon to
Monday morning. Heavy losses will
be suffered by the postponemeM of
the coronation ceremony, but these will
be borne with equanimity If the king
continues to improve in health. Do
nestle financial conditions are eXcep-
tionally satisfactory and trade is well
maintained. although low temperature
| interfered with the distribution of mid
summer specialties Probably tins
! business has only been postponed, how
ever. and sales will he made later i'll
\ the season. Manufacturing operations
| have increased in activity, especially
| in the iron and steel Industry and tex
tile production. while the constructive
work on new buildings and bridges is
very heavy. Labor difficulties nave
not improved in the anthracite coal
| reg ION uul ilullitl'iH n'ANi' iiiN MS '''' ~
been effected elsewhere.
Most of the blast furnaces that were
stopped by the scarcity OF anthracite
coal have resumed with coke, OF which
the ovens have established new records
of output, and shipments have been
still larger owing to the stocks accu-
muIated during the car shortage. De
spite the vigorous pig iron production,
numerous contracts have been placed
abroad, and still the machine shops,
manufacturers of stoves and 1mple-
ments. and consumers generally are
seeking deliveries. Structural shapes
of steel and all forms Of railway equip
ment continue to lead the market, or
ders in these lines running far into
rext wear. Bars and sheets are the
kast active divisions of the market
hut even in these there is no tendency
TO weakness. Higher freights have not
| materially checked ilnportations, and II
is reported that large structural mill
in Germany has sold its output for this
year to American consumers. Another
evidence of domestic needs is the plac-
Ing of a Mexican rail contract with
British producers, which would ordi-
narly have been taken in this country
Progress In Harvesting.
Agricultural prospects are far above
the average, and rapid progress is
made with winter wheat harvesting
Each day puts much grain beyond the
reach of harm and advances other
growing crops nearer maturity. De
laws have been encountered from
heavy rain. while injury has occurred
in the southwest from drought, but
these adverse influences are less eX-
tensiye than usual Wide differences
between cash prices and next crop
options indicate the views of traders.
The week brought little alteration in
spot quotations, light supplies holding
all cereals fairly steady.
Wheat is marketed less freely than
year ago, western receipts for the
week amounting to 2.5573 bushels
against 2.903.5S9, but corn has again
shown good increase, amounting to
.. 193. 800 bushels compared with SIS
5S3 last year Although total exports
|
of wheat for the crop year ending on
Monday will exceed all previous REQ
ords, the last weeks outeo was only
1921 .0SS bushels against 4l02,G5l a
year ago Atlantic coast exports Of
corn for the week were l02 l1f bush
els compared with l.0l3432 in 1901.
Injury in Texas has partially offset
| the splendid outlook in other cotton
states while the strong statistical p0-
stion together with liberal consump
ton and covering of short contracts
at Liverpool. combined to cause Il
sharp rise in option prices and mod
crate etiifenin@ of spot cotton, but the
| advance was not maintained.
Failures for the week numbered 200
I in the United States against 2O4 last
year and 20 in Canada against %
| year ago.
| Accused of Staying His Child.