The Barre daily times. (Barre, Vt.) 1897-1959, 1903-06-06
CONDITIONS
OF TRADE
Elements Provide the Only Unfavor-
able Developments.
FLOOD, DROUGHT, TORNADO
Eject May Not he Far Reaching, but
First Result Is seen In Greater
ervatism-Business In
Large Cities Is Good.
FLOOD, DROUGHT, TORNADO

New York, June CIR. G. Dun &
Co.'s weekly review of trade says:
The elements provided the only un-
favorable developments Of the week,
/ and, while they may not prove far
reaching in their effect, the first result
is seen in greater conservatism. Floods
damaged property and delayed traffic
In the southwest, tornado wrecked a
southern manufacturing center, excess.
i've rains retarded planting and other
wise injured crops at many western
points, while, on the other hand, seri
GUS misfortune has come to hay, vege
tables and fruit at the east through
drought, and great timber tracts have
been devastated by IRE. While all Of
these disasters will exert only a local
influence, the combined reduction inI
purchasing power must to an appreela
bic extent diminish the distribution OF
merchandise. 1t IS somewhat doubtful
whether any material loss Of the great
staple crops will follow, as ii has be.
come almost an axiom that excessive
moisture never produces a great fam
ine.
The week opened with a further
large addition to the army Of the I'M.
employed, but many plants have since
resumed, and settlements OF other dis
putes will take effect on Monday. Dis
patches regarding trade conditions at
the leading cities are generally encour-
aging.
Railway earnings in May were IL. 4
per cent larger than last year and %.
per cent greater than In 1901. Bank
exchanges for the week at New York
were 1914 per cent larger than last
year, and at other leading cities the
increase averaged per cent Com. |
parison with 1901 Is not instructive.
owing to the difference tn d number OF
business days.
There Is still an inclination TO defer
the placing Of contracts for iron ana
steel. The United States Steel CORPORA
ton has bought 10000 tons Of big
iron, chiefly for delivery during the
third quarter, but the recent readiust-
ment Of quotations has not stimulated
general activity In the industry.
Textile MINIS 1aIe.
Textile industries show no material
Improvement. Lowell mills resumed.
but were only able TO secure about
third Of their employees the first week.
while q considerable part Of the Phila-
delphia mill capacity Is idle.
Farm products fluetuated little until
late IN the week, when reports Of in
jury produced d sharp advance. on fhe
theory that scarcity Of hay and foa.
der would make heavy demand for
grain
Wheat prospects are still very bright
IN some sections, and aside from such
loss az may be caused By rust In HE
regions of excessive moisture d biz
yield IS anticipated Statistics IF
movement were restricted by tile boH.
day and also by traffic interruption.
receipts Of 1913. 40 bushels comparing
with 2444 ,205 bushels i year ago
while exports Of wheat. including -four
from al ports of the United States ae.
sregated 8.04I517 bushels, against
S,I4s.244 bushels last year.
Corn has been put back more than
wheat, but the acreage is very heavy,
md receipts for the week were 3.T70-
~ bushels, compared with 3.475. 403 |
'ushels q year ago, and Atlantic coast
hinments were s55,437 bushels. s
gainst 6s.sS7 last year Cotton II d
maintaining a high position, supplies [
eing small aud crop news less san. Z
uine d
In number Of failures tile May i
iblt compares very favorably with 0
list year, showing d decrease Of 13T. j
I about - per cent Banking losses ii
ere only tenth Of last years. a