The Barre daily times. (Barre, Vt.) 1897-1959, 1903-10-31
CONDITION
OF TRADE
A Considerable Increase In Indus
trial Activity.
MONEY MARKET UNSETTLED
Financial storm Center shifts to
81. Louis Securities Exhibit
Firm Undertone-RaiIway
Earnings Large.

New York, Oct 31.-R. G. Dun 6
Co.'s weekly review Of trade says:
Industrial activity has increased
somewhat many plants resuming and
others preparing to reopen on Monday.
Several pending labor controversies
have reached amicable adjustment.
adding to the aggregate of wage earn
ers employed. on the other hand,
strikes are ordered. and some mills viii
be closed by lack Of new business,
while the struggle for control Of the
copper properties has thrown thou
sands out Of work. While there is evil
dence Of setback in the steel indus
try and some hesitation in textiles at
the east the general tenor Of these re-
ports is encouraging for a continuance
Of prosperity, particularly in the sec-
tons where agriculture is the CHIEF oc-
eupation.
Collections are causing some uneasi-
ness, and financial conditions are I'M
settled. The monetary storm center
shifted to ST. Louis, and it was found
necessary to transfer large sums from
this city Chicago and New Orleans
also made demands, and the subtreas-
ury facilities were utilized SO freely
that total shipments Of currency from
New York were suddenly brought up
to the average for recent years, despite
frequent assertions that the interior
could take care of itself this season.
Rates for money advanced but foreign
exchange declined, and securities ex-
hibited firm undertone, resisting In
huences that would have caused severe
liquidation at any previous time this
season.
Merchandise is freely distributed.
and railway earnings for October thus
far surpass last years by so per cent
and those Of 1901 BY 1874 per cent
With less difference in volume Of spec
ulation bank exchanges at New York
were only 21.5 per cent smaller than
last year, while at other leading cities
there was a gain of 80 per cent.
Farm staples have fluctuated some
what iTegularly during the past week.
although net changes are not signifi-
cant. A revival Of activity and
strength 10 cotton was started by dis
patches telling of injury from frost
and accelerated BY an aggressive cam
paign Of spectators for an advance.
The upward tendency was checked hy
an unexpectedly largo estimate Of the
total crop by conservative British ex-
pert and heavy port receipts Endorsed
his figures. Foreign buying fell Off
and the attitude Of domestic
spinners was even less encouraging.
As the season advances 1t becomes
more apparent that neither speculative
nor the exact extent Of
Of yield will be as infiuen- /
ial n determining quotations as the
lemand for actual consumption.
Grain markets were chiefly respon-
i've to financial reports from the south
vest no other influences proving SUN t
'ienHy potent to cause variations of
my extent. crop reports continued s
and each week Of favor
Ible weather puts much late grain be-
-ond danger. There are many fndica.
ions that wheat is held back by grow
RS, still higher quotations being antic-
pated and western receipts for the
week were 7.173,e64 bushels against
,2TS,6Ts last year, while for the sea-
on the movement falls third below
902 to date. Exports Of wheat, -four
ncluded, were 4,27661s bushels. com.
AIRED with 5,s039T3 bushels year
go. Interior arrivals Of corn were
$780, 400 bushels against 2,812. sG2 in !
be same week last year, while Attain
Ic coast shipments were 2,477,9T0 |
ushels, compared with 12S,524.
Liabilities Of commercial failures
bus far reported for October aggregat- /
4 STA, 469, 256, of which IS, ISL, 032 were
] manufacturing, $1,000, 286 in trad
lg and S625,95s in other commercial
mes. Failures this week were 253 In
ne United States against 233 last year
nd 10 in Canada compared with - a
ear ago