Barre evening telegram. (Barre, Vt.) 1898-19??, 1902-07-26
THU STATE OF TRADE.
Comment by Eun'> I."YieW on th'
Business of the Week.
METAL WORKERS LACK FUEL
The Labor Outlook Reported 10 he
IImproNed-Iess Activity In Cereal
specuIntion-FoOtv Fac
tories Again Busy.
METAL WORKERS LACK FUEL

Each day brings the agricultural
products OF the nation nearer maturity,
and As the Possibility Of any serious
injury becomes smaller the feeling OF
confidence ia fully sustained trade
crows stronger. III" threatened sym
paill"tlr strike OF IiiuMinous miners
has been aVrrirl. and. aside from Il
.lmIl,,r of >nHll disputes among gar
lMrlt workers, the labor outlook has
improved, Storms destroyed much
Property in some sections, and IN"
prompt restoration Of structures has
nddeA to the activity Of building
trades. Railway stocks rose to new
hi-h record quotations. and gold was
exported. yet money ruled easy. july
oats succeeded corn as the LEADING
speculative cereal, but all distant grain
options tended lower as the outlook
improved.
insufficient fuel is the one serious
difficulty in the iron and steel indus
try, Interruptions and delays from this
cause becoming more noticeable each
day. Supplies of coal are curtailcd by
he strike and. although coke ovens
are marking new records of production.
shipments are retarded by the car and
motive power shortage In Il market
where there is comparative dullnes>
because deliveries cannot be made
promptly the outlook for long contin'
ued activity seems favorable especial
~ as scarcity Of fuel cannot continue
factor indefinitely. All forms of pg
iron have sold far ahead. and there is
no evidence of overproduction in the
near future mt least. Billcts are still
somewhat unsettled by heavy importa-
tions, yet domestic prices are steady
and further foreign arrivals are OK
pcctcd A new week has brought ont
more liberal orders for railway sup
plies, and the structural mills have
taken contracts dating still further in
to next year. Makers of agricultural
machinery and tools grow more conf
dent as the season advances. and all
lines of finished steel are in an eXcep-
tionally firm condition. There has been
little need to seek business, the bic
producers having a ready market in
sight often before the raw material is
received.
In the Cereal Markets.
There was less activity in the specu-
lative markets for the leading cereals.
yet prices We're fairly we'll maintained
In July corn there was n fear of a fur
ther campaign against the short inter
est. while the wheat market was SuS-
tanned by the small percentage of re-
ceipts that graded up to contract
There was a striking increase in the
quantity Of wheat marketed, arrivals
at interior cities aggregating 6.645. 451
bushels compared with 4,457,224 bush
els in the preceding week and 6,S0S, 52S
bushels IL year ago. Shipments abroad
also expanded. the weeks total from
all ports of the United States, including
flour, amounting to 3,O4I.5lS bushels,
but fell short of the 5.soS. 122 sent out
in the corresponding week last year.
Oats attracted considerable attention.
the July option ut Chicago touching the
highest point of recent years and sell
ING at !; premium over corn.
Meats We're somewhat weaker on !
larger receipts and smaller export buy |
ing. Among the other staples coffee |
active and firm, despite the |
statistical situation. while cotton was |
irregular because improved crop pros |
poets acted in opposition to the brisk |
demand for consumption. Finally the
former influence prevailed and quota
lions declined sharply.
Footwear factories have returned to
almost full operation, contracts comn.
forward freely from wholesalers at the
large cities. These orders are for fall
delivery aud represent business usually
placed in June. but held back this vcnr
n the hope of better terms. Coucrs-
'ionS are now out of the question owin..
% the sensational advance of hides.
which has hardened the tone of the
Gather market. HcmlOck sole had fine
additional support of liberal purchases
or Great Britain. New England Shous
ire sending statesmen west with spring
samples, ANA good results are anlici
'atcd IohhinG trade in shoes has hrcn
anger than usual in the local market
lines being we'll sold, with 1hr
Exception of medium grade tans.
Failures for the week numbered ous
II the hIl"d States against 1ys last
ear, and in Canada II against IS last
ear.