The Barre daily times. (Barre, Vt.) 1897-1959, 1903-11-21
CONDITION
OF TRADE
Labor Organizations Accept Reduced
Wages Without Controversy.
GREAT DIZZINESS IN STEEL,
Construction Work Decreases--Agri-
cultural Outlook Good-Raii-
way EARNINGS Large--No-
vember Failures.

New York, Nov. 21.-R. G. Dun &
Co.'s weekly review of trade says:
Labor organizations are wisely ac-
cepting reductions in wages without
controversy, which removes one threat
ening industrial factor, and in several
branches Of business orders are more
numerous. Construction work is de-
creasing, despite optimistic reports Of
more building permits issued last month
than a year ago Mild weather still
checks distribution Of merchandise usu-
ally in brisk demand at this season,
which is reflected in restricted activity
at wooden and worsted mills and cloth
ing factories. There is not the com
plahtt Of traffic congestion that was so
frequent last year at this time, railway
earnings 10 per cent higher than in
November to date in 1902 testifying to
the increase in facilities.
Failures Numerous.
Failures are numerous and mercan-
tile collections only fairly prompt, but
the monetary pressure is being relieved
by moderate imports Of gold, while the
total gold coin and bullion in vaults Of
this government has established new
high record at over S665. 600. Agri-
cultural returns continue highly graft
flying, and foreign commerce shows
large gains. Contraction Of speculation
accounts for most of the loss in bank
exchanges ait New York, which were
BIT per cent smaller than in the same
week Of 1902, while at other leading
cities the average declined only AS pei
cent
A week has passed without any fur
Their material reduction in prices of iron
and steel, and sentiment in the trade
favors stability at the present position
+ There is little expectation of any re-
yival until after the end of the year as
e 1t is the season when quiet conditions
are customary
winter wheat Prospects.
t Special reports from branch offices Of
7 r. G. Dun & co. throughout the winter
9 wheat belt Indicate that while planting
was somewhat delayed by dry weather
! a large acreage has been seeded and
the situation is satisfactory, with pros
poets generally promising good croI
q next year, in so far as can be judged
at this date. Early in the week ther'
was increased interest on the part o.
foreign buyers, but prices rose sharply
and the total movement for the weel
from all ports Of the United States, in
Guiding flour, was 2,382,052 bushels
against 4,S52, 195 bushels last year.
Arrivals Of wheat at western port
. were liberal s,35s, GA bushels, compar
fng with S,015,071 bushels in the cor
responding week of 1902 Corn fuctu
ated within narrower limits, little ag
gression being shown in speculation
and interior receipts aggregated 2,349,
las bushels against 2,609, $50, while a
Atlantic coast ports the outgo wa
953,647 bushels, compared with 1920
a year ago.
Liabilities of commercial failures thu
far reported for November amounted I
9,s97, 79S, Of which S3,326, $50 were i
manufacturing. $5,116S44 in tradin
and $1,454,4T4 in other commercia
lines. Failures this week were 249 i
the United States against 266 last yea
and III in Canada compared with "a
wear ago.