The Barre daily times. (Barre, Vt.) 1897-1959, 1903-06-13
CONDITION
OF TRADE.
Net Result For the Business Week
Is Encouraging.
CROPS BENEFITED BY RAIN
labor Troubles Decrease Materially.
Stock Market Liquidations Depress
Railway Hofdines-Deatruc
Due TO the Western Floods.

New York, June 1s.-R. G. Dun &
Co.'S weekly review Of trade says:
It has been another eventful week.
Stock market liquidation depressed the
average of the sixty active railway
shares to the lowest point since May
9, 1901, and many stocks were even
lower than on that day. Cotton rose
to within a small fraction Of tile high
point ia 1900, and eclipsed ali other
records for a score OF years. Floods
caused great destruction at East st.
Louis, while the drought on the At
lantic coast was broken and crops
greatly benefited Labor troubles de-
creased materially, especially at this
city where it became possible to re-
sumo activity in the building trades.
Although some of these factors exert
ed baleful influence on the trade situa-
ton, the net result for the week is en-
couraging. Except in those branches
Of business that are always quiet at
this season reports indicate O steady
demand, and prices Of commodities are
firmly maintained.
Manufacturers are busy, but struc-
tural operations are not resumed as ex-
tensively as expected Earnings Of
railroads reporting for the first week
of June are only 3 per cent larger
than last year and rs per cent greater
than in 1901, condition due entirely
to western floods. Bank exchanges
at New York for the week surpassed
those Of 1902 by % per cent, but were
Ill smaller than IN the same week
two years ago At other leading cities
there were gains Of o. and "a per
cent, respectively.
The Agricultural Situation.
AS the season advances the condition
OF agricultural undertakings attracts
more attention and exercises much in
tiuence upon trade and finance. Ii Is
essential to a continuation Of national
prosperity that at least average crops
OF the great staples shall be harvested
Consequently there is much encourage
ment in the latest official return OF
condition, which indicates a yield OF
about 7S2,000,00o bushels OF wheat
While this is smaller than the May es
innate 1t still surpasses all records
and only one other year exceeds the In
dicated yield Of oats. There Is still
much uncertainty regarding the pro
duction Of corn and cotton.
Floods aud other disturbances Of the
elements have sustained prices fol
grain, while covering of short contracts
carried July cotton above all recent
Records, and spot mlddling uplands
reached the highest price for two dec
AIDES, with the single exception Of one
year when the crop was only 100000
bales Western receipts Of wheat fol
the week were 1.954.973 bushels against
2,163.S99 last year, while exports from
the United States were 3,o5s.719 bush
els compared with 3.292, s7s bushels
last year and exports of corn were
765,3A4 bushels against 7f.021
Liabilities Of commercial failures fol
the first week 81 June aggregated ST.,
81 ,450. Of which 1891, 403 were III
manufacturing. sTs7 ,ss6 were in trad
Ing and S1S2 161 in other commercial
lines. Failures this week were 215 in
the United States against 162 last year
and IA in Canada compared with 20 a
year ago.