Barre evening telegram. (Barre, Vt.) 1898-19??, 1902-07-19
CONDITION OF BUSINESS
Trade Situation as Reviewed by K.
G. Dun & Co.
BETTER INDUSTRIAL OUTLOOK
Effect Of the Settlement of Numer.
GUS Labor COntrOversies-VaR
of the Chicago Corn Market.
Failures of the Week.

New York. July 19.-R. G. Dun &
Co.'S weekly review Of trade says
Settlement Of numerous labor contro-
versies and prospect Of early agree
ments as to other struggles have great
ly improved the industrial outlook,
while agricultural conditions steadily
improve AS these have been the
only unfavorable influences for some
months, the prospects for active trade
are decidedly encouraging. ..it ..,r.I,
Preparations for unusually heavy
fall sales are being made, and conf
dence grows stronger. Mills and fur
naces that have been idle on account
of the usual overhauling resumed as
rapidly as needed repairs could be
made. Financial conditions are sound,
the midyear dividend distributions pro
ducing no stringency. and speculation
has been heavy for the season both in
securities and staples. ...
Pig iron continues to command full
prices. supplies falling below require
ments. and furnace deliveries failing to
fill contracts. Scarcity of fuel is still
the principal drawback, while car and
motive power shortage are additional
causes of delay. New orders are re-
ported for distant delivery running
about year ahead.
Steady Prices For Cotton Goods.
Manufacturers of cotton goods hold
prices steady, and there has been a
distinct increase in demand during the
past week. although buying is only for
imperative requirements, the DISPOSE
ton to delay purchases being still evil
dent No concessions are offered by
holders, indicating the well sold cur
rent condition and confidence as to the
future. Some curtailment of spinning
is reported at southern mills. the tend
ton comes forward. Eastern shoe
shops receive more orders, some of the
larger producers refusing contracts
calling for delivery before October
Prices are firmly held, even slight con-
cessions being no longer obtained
Statesmen send in larger orders from
the south and west while local job
bels also report increased sales.
Vagaries of the Chicago corn market
defy elucidation. After rising to 80
cents last week the July option alb
ruptly dropped 25 cents, and it was
announced that the heavy short inter
est had compromised with the oper
ators who had apparently secured
corner. Rumors of enormous profits
were circulated. but lacked contirma
ton Conclusion Of the deal was
pleasant surprise to traders in actual
grain, as two weeks still remained for
delivery. and it was feared that arti-
fetal prices would prevail until Au-
gust. Producers secured profitable
prices for the 2,S99,9S3 bushels that
were hurried to market during the
past week, and receipts should con-
tinue heavy for some time owing to
the quantity still en- route.
Increase of Imports.
Official returns of foreign commerce
during June show the changes that
were indicated by the unusual condi-
lions prevailing in certain industries.
Imports rose $4,3OO,447 above the same
month last year, in part owing to the
receips of iron and steel, which were
heavy. Other materials of manufac
ture arrived in greater quantity, testi-
flying to the activity of domestic mills.
Exports were $13,5l9.274 smaller than
in June, 1901, but there was no loss
in shipments Of manufactured goods.
as the decline in farm products was
still create amounting to SIS, 759.33O
Both speculative and investment buy
ing of securities expanded very mate
rally. carrying the average price of
the sixty most active railway stocks
we'll above all previous records. Even
in the industrial properties, which have
long been viewed with disfavor. there
was less discrimination, and prices
rose perceptibly.
Gold holdings by the government
vaults continued attaining new records
each day, finally reaching $565, O44, 179.
There was no pressure in the foreign
exchange market, rates holding steady.
Liabilities of commercial failures for
two weeks Of July amounted to $2,97S,-
146 of which $l,267. 165 were in manu-
featuring, $1.1s3,1l2 in trading, and
1921, S9G in other lines. Failures for the
week numbered 213 in the United
States, against 1913 last year, and
20 in Canada, against 80 last year.