Barre evening telegram. (Barre, Vt.) 1898-19??, 1902-06-07
THE STATE OF TRADE
End of Boer War Improves Outlook,
Says Dun's Review.
STEEL PRODUCERS ARE BUSY
Last Weeks Advance In Grain Quo
tatiOns Lost Owing to Sntisfac-
tory Weather In the Lead
ing Crop Regions.

New York June 7.-R. G. Dun &
Co.'S weekly review of trade says;
Peace in South Africa has greatly
improved the outlook. Foreign indus
trial markets will quickly benefit by
the development Of that country while
a return To- active gold mining will
have a helpful influence in monetary
circles. Owing to the present excep-
tional home consumption producers in
this country may not he able to take
advantage of the opportunity immed-
ately. but even the indirect effects
must be beneficial. Domestic cond
tons still have but the one dra wback
of labor disputes. which have reduced
| the earning power of large force
Additional profit sharing and numer-
Gus advances OF wages are reported
| but new controversies have broken out
| elsewhere. Outside the limits of this
| influence there is little cause for COM
| plant. Orders are large. and distrbu-
ton is less interrupted by the shortage
of cars.
Contrary to expectations the leading
HIUlu(tIS tutlI tOIIStINd-
tive position by making no advance in
the price of steel rails for delivery in
1903. Notwithstanding the very mate
rial rise that has occurred in pig iron
Much new business has been placed
during the past week. although con
sllners have found difficulty in hooking
orders for delivery in 1902. This is eS-
A..
terial and railway supplies. Interrupt
ton to work ut blast furnaces was not
wholly avcrtpl hut the loss in output
did not reach Il large figure owing to
prompt concessions on both sides. Irac-
tically no orders We're accepted for pig
iron. however, owing to the uncertainty
as to the extent of the strike. In tubes.
pipes and kindred lines there is much
activity. with quotations fully main
| tanned. Ritlminolls coal is abnormally
stimulated by the anthracite shortage,
and the output of coke in the Connells-
vile region is establishing a new record
each week. According to the latest re-
port less than i per cent of the oveus
are idle
ne ScFeAl NNThttss
Satisfactory weather in the leading
producing regions had IA depressing in
tuenca on grain quotations. and last
weeks advance was lost. Cash prices
were slow to react, owing to the eX
tremey strong statistical position, but
the next crop options fully reflected
the progress at the farms. Wheat was
Il b,t in,
preceding weeks. but western receipts
of 49, POS bushels fell short of the
3. 4GS SD bushels in the same week last
year. Exports from all parts of the
United States were 3.143.244 bushels.
while the movement Il year ago was
most exceptional. reaching 5.d4G,;D'
bushels. Western receipts of corn were
3.475.403 bushels against 4,7l3,ol0
last year. but the comparison as to At
lantic exports was GSSS1 bushels
against 2.1G9G37 in 1901.
Cotton was weaker owing to the very
high figures of condition issued by the
department and the indicated acreage
of almost 2S.OOO.OW. Current spot
prices have the support of small re-
ceipts and steady consumption.
a seasonable decline in quotations of
commodities is shown by Dun's index
number Of prices proportioned to CON
sumption, which was $101. 16S on June
against $1022S9 on May l and
$1O15S7 at the opening of the year.
The larger supply of vegetables, fruits
and dairy products brought a decline
of 7.3 per cent in that class. while
breadstuffs fell about per cent, but
the effect on the aggregate was partial
ly neutraiZed by the firmness of meats
and metals. Quotations of securities
| also averaged somewhat lower, but
without any aggressive operations for
| the short account.
| Commercial failures, excluding all
| banking and similar tiduciary defaults.
numbered 1,OS0 during the month OF
May. involving liabilities of So, 1O9,S4O.
Manufacturing suspensions were 2S4 in
number and So 900, 1874 in amount, trad
! ing bankruptcies numbered 7335 for 3d.,
| 90. $40. and there We're 81 other com
mercial failures not properly included
| in either of the two principal classes.
which involved liabilities of 81, 1896.
In the corresponding month last year
! there were S73 defaults for $3.50, 423.
| showing a considerable increase this
year. both in number and amount of
liabilities.