The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1902-05-08
| New York.

I n II
New York. produced erratic fuetua-
tons in prices and affected
business very differently, according to To-
cality. The extremes were blizzards and
oppressive heat, with every intermediate
variety. As the future prosperity OF the
railroads is more or less dependent upon
the crops, the vagaries OF the weather
were quickly reflected in the markets for
securities as well as in option sales OF
grain and cotton. Retail distribution of
merchandise has maintained good av-
erage, losses at some points being offset
by gains elsewhere Manufacturing
plants are well employed, except where
wage disputes interrupt. Coffee and sill
yer touched low record prices. but the
average of commodities advanced. Trans
porting interests maintain their wonder
full record, railway earnings thus far re-
ported for April exceeding last years by
o. per cent, and those OF 1900 by lo.3
per cent. Dun & Cos Weekly Review
of Trade thus sums up conditions.
The Review continues:
Most large consumers of pig iron have
provided for their needs well up to the
end of the year. and consequently there
- '''s.S NAnhSc w iSpoit III NhC sAsu"sA"AA
except as to small orders that appear
from time to time. Quotations received
by cable indicate that pressure in the
United States has produced decided
advance abroad, and imports, after pay
ing duty and freight, are extremely ex-
pensive. Movement OF partially manu-
factured and finished steel products coz
tinue on a large scale. Lumber and
building material are having the usual
spring activity.
Manufacturers of cotton goods are still
behind with deliveries, and active ma
chinery is assured for some time to come.
Labor disputes have been temporarily ad-
justed, making the output very heavy as
compared with recent weeks, when the
strikes were causing interruption. New
orders are small. the recent liberal ex-
port demand being checked, it is thought,
by the fall in silver. Jobbers have re-
ceived requests for more prompt deliv-
cry, retail trade having expanded with
the warmer weather. Quotations Of cot
ton goods are firmly held, the strength
Of the raw material giving support. In
dependent woolen mills are working night
and day.
Wool moves slowly. and in some in
stances prices are shaded, but as a rule
holders insist on fall figures. Footwear
shops at the East have few new orders,
and shipments from Boston continue to
decrease. Jobbers have sufficient stocks
to supply the retail demand and are in
clined TO delay placing contracts.
Failures for the week numbered 221 in
the United States. against 215 last year.
and IS in Canada, against 20 a year
ago.
Drought Hurt Crops.
Bradstreet's says:
The cereals and to lesser degree hog
products generally responded promptly
to the southwestern wheat damage re-
ports, which, coupled with very heavy de-
creases in the visible supplies, particular
ly in Manitoba and the Northwest, result
ed in the highest prices of the crop sea-
son being reached for cash wheat. Corn,
too, almost broke the season record. Crop
reports to Bradstreet's indicate that be-
yond doubt the Kansas wheat crop has
been hurt by the drought and hot winds.
Nothing in excess of three-quarters of II
crop is looked for even by the most san
guine, while GO per cent of last years
yield is confidently predicted. In other
sections, however, rains have benefited
the situation. and even in Kansas the
rains, though received late, are encour-
aging so far as the outlook for the com
ing corn crop is concerned.
Wheat, including -four. exports for the
week aggregate $3.50, $50 bushels, against
4, lis. los last week and 4, ,2S2, ,129 In this
week last year. Wheat exports from
July 1. 1901, to date (forty-thres weeks
aggregate 21O,556.667 bushels, against
17O.G16.064 last season. Corn exports
aggregate 3I6.lS6 bushels. against 4OO,-
733 last week and 1.3I4, ,656 last year.
July l. 1901. to date corn exports are 3D.
40O, ,1S5 bushels, against los, ,O61 $40 last
season.