Barre evening telegram. (Barre, Vt.) 1898-19??, 1902-06-14
BUSINESS STILL BRISK
y ! IT !
HtutI LABOR Troubles Wake the Trade
Outlook Poor.
METAL WORKERS VERY BUSY
| / '}|U1f+-1ilff III III
e"i II" ,'hbrcsedthttd fot"IIrfY-
tile Markets Steady K Corn
Prospects Very Bright.

New York, June 14.-R. G. Dun 4
Co.'S weekly review of trade says:
No dmnution in business is appar-
ent from labor controversies, owing to
the prosperous condition of the agri-
cultural sections and the bright out
look for this years crops. Neverthc-
less, 1t Is only question: of. time when
the nations progress will receive a So
we're check if the purchasing power of
a vast army Of wage earners continues
to decrease. Iron workers at valley
furnaces have received higher wages,
and other settlements We're made hy
various CONCESSIONS, but the. situation
In the Pennsylvania coal region is un-
changed. Retail distribution of light
weight wearing apparel has felt the
stimulus Of higher temperature, while
full reports for May are most encouras
ing as to iron output, railway earnings
and financial conditions.
There continues to be wide discrep-
ancy between the amount of business
offered and the contracts closed in
many branches Of the iron and steel
industry, owing to the inability of pro-
ducers to assure delivery at specified
time. Consumers are often unable to
getproducts ordered many months ago,
and the most unfnvorabe feature of
thei situation is the possibility that
plabs will be Abandoned rather than
deferred. Contracts running we'll into
next year, however indicate that the
end Of activity is, not, near. Pressure
is still most conspicuous, for railway
and structural supplies, and agricui-
turaI implement works are crowded
with orders. Quotations are not al
tered on remote deliveries. but cur
rent business is done at increasing
premiums Sales Of bessemer pig iron
at Pittsburg for delivery next year
We're recently made at $3.50. while
immediate shipments. command about
IS more.
Pig Iron Production Enormous.
According to the Iron Age. tn" total
production of pig iron during May
reached the unprecedented amount of
1,57O,243 tons. yet furnace stocks de
CliHtu Al,-fo lUlis, IHuicdlillS Il Nbll-
derful rate of consumption. Owing to
labor controversies the weekly capacity
Of blast furnaces in operation on June
l was 34i74S tons. a slight decline
compared with May 1, but assumptions
| during the past week have undoubted-
ly restored the output to new high
record.
! Limited stocks are still the cause of
steadiness in all branches Of textiles.
! Holders are not urging sales, and buy
ers show disposition to wait. The re
suit is quiet but firm market. Pur-
chasers of cotton goods are influenced
| by the prospect of cheaper raw mate
rial after the new crop begins to move
although fair business in fancy prints
| has been done on last weeks basis of
cents. Cotton rose slightly on a few
| unfavOrable weather reports. but the
outlook Is very bright in many states.
Tardy deliveries of sample pieces by
! the wooden mills has caused complaint
| among the clothiers, and fall orders
are not placed freely. Wool sells more
| freely at leading eastern markets. aud
| quotations are steady.
The Cereal Markets.
Grain markets have shown the eff,
| fects of conflicting crop estimates and
weather reports. After revising the
returns in theJIight of census statistics
and subsequently; elimina ting an acre
age duplication of considerable size In
Nebraska the departments statement
Of condition on June indicates d total
wheat crop of about $40 100000 bush
els, according to the Produce Exchange
expert Compared with last years
record breaking yield. this shows a
| large loss, but no other year except
| 1893 produced as much. Other inter
| pretations of the government figures
make the yield smaller, while tn cre is
much adverse comment on the rcduc
| ton in condition OF winter wheat dur
| ing May, which was generally c0nsid
| cred very good month. There was
| considerable covering of short ac
counts, but no aggressive operations
| for an advance.
The corn outlook is very bright, az
| cordng to correspondents of II. &. Dun
| & co., acreage being largely increased
| and little injury experienced from
weather or insects. A record breaking
| yield of oats is also indicated by the
official return. Total exports of wheat
from the United States during the
week were 3,292S7 bushels, flour in
cluded, against 4,1O5,G37 a year ago,
while Atlantic coast shipments of corn
were only 71O21 bushels compared
with 2,1S7,525 in the same week of
1901
Failures for the week numbered 1872
In the United States against ITO last
year and 90 in Canada compared with
23 a year ago.