The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1902-06-19
| New York.

4 NJ
New York. has greatly improved the
-|!outlook. Foreign industrial
markets will quickly benefit by tine de
velopment OF that country. while a re-
turn to active gold mining will have q
helpful influence in monetary circles
Owing to the present exceptional home
consumption producers IN this country
| may not be able to take advantage of
the opportunity Immediately, but even
the indirect effects must be beneficial.
Domestic conditions still have but the
one drawback of labor disputes, which
have reduced the earning power Of a
large force. Outside the limits of this
influence there is little cause for COM
plant. Orders are large and distribu-
tion Is less interrupted by the shortage Of
cars. Railway earnings for May show
an increase Of 6.S per cent over last year
and ia per cent over 1900"
X. u. Dun 4 Co.'S Weekly Review OF
Trade thus sums up the industrial sit
uation- Continuing, the Review says:
Contrary to expectations. the leading
producers maintained their conservative
position by making no advance in the
price OF steel rails for delivery in 1903.
notwithstanding the very material rise
that has occurred in pig iron. Much new
business has been placed during the past
week, although consumers have found
difhculty In booking orders for delivery
in l9O2. This is especially noticeable as
TO structural material and railway sup
plies interruption to work at blast fur
naces was not wholly averted, but the
loss IN output did not reach a large fig
ure owing to prompt concessions on both
Sides Practically no orders We're ac-
cepted for pig iron, however. owing to
The uncertainty as to the extent Of the
strike. In tubes, pipe and foundered
lines there is much activity. with quota
tions fully maintained. Bituminous coal
is abnormally stimulated by the anthra-
cite coal shortage. and the output Of coke
in the Connellsville region is establishing
new record each week. According to
the ovens are idle.
Sales Of footwear have materially in
creased with the advancing season, job
bers reporting especially favorable con-
ditions. A temporary season of activity
occurred in leather, hemlock sole selling
IN moderate quantities. but shoeshops
soon secured all the desired material.
Betting butts were the most satisfactory
division Of the leather market. prices be-
ing strong and demand sustained. Quiet
prevails in hides.
Textile goods are firmly held, with
stocks well under control Buyers still
show disposition to hold back orders,
yet better terms are not indicated by
the conditions OF supplies. The fall print
basis has been established, at least for
the time. Inquiries are larger for export
grades Of cotton goods. but sales in all
lines are limited. Quiet conditions are
also reported in woolens, some cancel
lations following the better deliveries by
mills recently idle through strikes.
Satisfactory weather in the leading
producing regions had a depressing intiu-
ence on grain quotations, and last week s
advance was lost. Cash prices Were
slow to react, owing to the extremely
strong statistical position, but the next
crop options fully reflected the progress
at the farms.
Failures this week in the United States
were 21S. against 1914 last week. 1872 the
preceding week and 1S5 the correspond
ing week last year, and in Canada Ii.
against 20 last week. II the preceding
week and 90 last year.