The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1902-05-29
| New York.

q, Weather and wages con-
N2W Yllk ltiDue the only seriously dis
--@turbins factors in the busi-
ness situation. Excessive moisture and
low Temperature made the crop outlook
more uncertain. and much depends on 4
continuance of prosperity in the agricui-
turaI sections. On the other hand, rec
ord-breakins distribution OF pay in the
Pittsburg region accelerated retail trade.
while resumption of woolen and other
mills added largely to the active force.
Transporting lines continue 10 make
splendid exhibits. railway earnings for
the first week of May exceeding those of
a year ago by g. per cent and surpass-
ing the same weeks earnings in 1900
by 1919 per cent
The foregoing summary is made of the
trade situation by Il. q. Dun K Cos
Weekly Review. Continuin. the review
says:
As Indicated by weekly reports, pig iron
production attained n new record FOR
the month of April at ]. .JO3.326 tons. and
the weekly capacity of furnaces in blast
on May |. according to the Iron Age.
was 3o2.O64 tons. far surprising all pre-
vious high-water marks. Such an enor-
nous production would suggest accumd-
lation of supplies. but consumption easily
keeps pace, furnace stocks showing de-
crease of about 10000 tons during April
to much the lowest point in recent years.
With about twenty more furnaces In
course of construction or contemplated.
an annual output Of 2O.OOO.OoO tons Is
no longer considered remote, while the
current year may exceed lS,UO,UOO tons
II no serious labor controversy or other
calamity interferes
While 1t is generally agreed that there
has been much improvement IN the WIN
ter wheat States since the opening OF
the month. prices became somewhat firm
er upon the publication of the official re-
port of condition on May 1. Exports for
ten months of the crop year assure the
heaviest outgo ever recorded. even il the
last two months make poor exhibits. For
the past week exports were 3.499.IG4
bushels. flour included, against 4.O2S.240
a year ago. Corn advanced on lighter
receipts and reports Of slow progress IN
planting.
Footwear manufacturers at tie East
report an increased volume Of orders
from western jobbers. but wholesalers in
the principal eastern centers are placing
few fall contracts. Retailers are only
sending moderate duplicate orders for
summer goods. fair supplies remaining of
early purchases. Sole leather is quiet
Hides again secured a moderate advance
in prices. both for domestic and foreign.
In the dry goods market there is evidence
of increased buying for fall and next
spring. but only small supplementary or-
ders for the present season. Cold wealth
er has retarded jobbing trade at many
joints. Domestic trade in cotton goods
is steady, with supplies in strong hands.
but export business is dull. More liberal
deliveries of woolen goods are reported.
showing that fewer looms are idle. The
best demand is for staple lines of mems
wear and medium grades OF fancy wool
els.
Quotations continue to vary widely. ac-
cordiny 10 date OF delivery, and there Is
less spot business owing to scanty sup
plies and TO the growing tendency OF con-
sumers to place orders for future deiiv-
cry. There is now very little evidence
Of buyers holding off for a break. Rails
AID structural supplies are ordered freely
for delivery next year.
Failures for the week numbered 2zS IN
the United States. against Ia last gear.
ard II in Canada, against 10 year ago.