Barre evening telegram. (Barre, Vt.) 1898-19??, 1902-08-02
TEE FAILURES OF JULY
Dun's Review Deems Months Show.
ing Very Satisfactory.
METAL WORKERS KEPT BUSY
Fairly Brisk Demand For Textile
Goods IL RepOrted-ShOe Buy
ers Active In BOstOn-De-
cline in Grain Prices.


of July testify to the prosperous con-
diton of the nations trade and indus
try. Only one month of the preceding
thirty-twO recorded smaller aggre-
gate of defaulted Indebtedness, while.
emitting the few exceptionally heavy
failures, the average liability to each
default was much smaller than in the
corresponding month of any year dur
ing the decade There were S25 sus-
pensions in July 1902, involving a to-
tai indebtedness of $f332. S51. of which
19l were manufacturers with liabli-
ties of $2.56S, $50 and 57S were trnders
with debts of $2.S06,s6S. while there
were Sc other commercial defaults for
81 sol, 1873 In the same month last
year failures numbered 697, with liza
bilities of $7,O35 1913, and in July. 1900,
there were 1913 defaults for $9,771, 775.
| The increase in number of small fail
ures is less important as an economic
| factor than the large decrease in ag-
gregate indebtedness. Moreover, al
most fourth Of the liabilities last
I month were in the brokerage and real
estate class, which makes the exhibit
still more satisfactory as. to the regu
lar mercantile lines. Compared with
last years liabilities there appears a
| decrease in ten out of fourteen manu-
featuring branches the only important
gain occurring in the miscellaneous
class
In the Metal World.
With business in sight for at least
year, the leading departments of the
iron and steel industry may properly
be considered prosperous. Notwth
standing the rapid increase in produc
ing capacity. consumptive demand has
grown still faster, and the recent Off
cial report of new high record Of pig
iron production at 8,SOS,574 tons for
the first half of 1902 is accompanied
by the statement that unsold stocks at
the end of that period We're only 49,
S61 tons compared with 372, $50 tons a
year previously. The first month of
the second half Of 1902 has brought no
diminution in inquiries, but some de-
crease in output, owing to scarcity of
contracts have been booked far ahead.
producers discouraging the erection of
competing plants by holding quota
tions at conservative position. There
is no evidence Of reckless initiation or
speculative buying such as eliminated
so dsastrously two years ago, and the
bright outlook has a much more per-
manent appearance in consequence.
In textile manufacturing the feature
was the opening of mems wear worst
ed fabrics for next spring with gen
eral advance of Pig to 10 cents. Other
worsteds reflected the better tone more
or less, but new lines Of all wool goods
are offered at last seasons prices. A
fairly brisk demand is reported, yet
some buyers evidently expect that the
new list will not be maintained as
they are slow to place orders. Strength
and activity in the raw materials are
supporting factors. however. Cotton
goods tend in favor of purchasers Ow
ing to the prospect of large cotton
crop and the tendency Of goods to ac-
emulate because of the light export
movement
In the Footwear Market.
Shoeshops are active on spring sam
pies, and buyers are numerous in the
Boston market. Factories at the east
are we'll occupied. although the high
cost of materials is against profits. No
change has occurred for some time in
the finished product. hut there has
been a very striking advance i'm lcath- |
the upward movement of hides, slim
ulated by heavy purchases. a single
sale Of 100000 sides Of hemlock sole
being reported. Hides have made fur |
ther sensational advances. Colorado |
steers reaching new high record prices |
Grain prices declined sharply as the
month of speculative manipulation !
drew to Il close, and legitimate trading !
resumed more normal volume Wheat !
was least affected by option iluctlm- +
tions. easing off in response to the
steadily increasing receipts. which for .
the week aggregated $50, 9U7 bushels |
against G,50S.3l1 Il year ago. when the
IIION EllltHl was /
ly heavy. Foreign purchasers pXhib- ,
tied more interest at the lower quota
tons exports from all ports of the
United States amounting to 3,O4l, ;l77
bushels. flour included. Corn is still !
moving slowly, receipts for the week |
reaching l.7S7.049 bushels against
2, 4l3,602 last year, and Atlantic OK
ports We're only 42,047 bushels There
is less decrease than heretofore com.
pared with last years exports. as the
a year ago had begun to re
fleet high prices. only 7tA.17 bushels
going abroad. Cotton held fairly
steady, more because of the large short
interest than the floods in Texas. Thus
far it is probable hat rains have done
more good than harm, but should the
moisture continue excessive the cover.
ing of short accounts would cause Il
soIlsa tjonal advance. Demands for
continue liberal, Judging
by the pronAptness with which July no.
tees were taken.
What PauncefOte Left.
London, Aug. 2.-The will of the late