The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1902-10-16
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Nov 111k disc shows no diminution
3 and prospects are bright
for continued activity. Dealers in many
lines are urgent for prompt shipments.
calling on jubbers and manufacturers for
goods already overdue. This indication
of reduced stocks is good sign and
tends to sustain quotations Western re-
ports are especially favorable and the
early marketing of cotton has brought
distinct improvement at the South Vol
rntary advances in wages have been an
nounced in number of instances. while
the labor situation is more satisfactory,
although not entirely free from contro-
versy. Transportation facilities have i'm
proved in the coke region, where conges-
tion was becoming severe, and railway
earnings thus far reported for September
exceed last years by 94 per cent" The
foregoing is from the weekly trade review
of T. G. Dun & Co. 1t continues:
Pig iron furnaces are receiving larger
consignments of coke, and there is less
interruption because of fuel scarcity. The
situation is by no means satisfactory,
however, and production of iron and steel
would expand considerably if facilities
were normal. Much of the relief has come
from large imports. the extent of which
Is not generally appreciated.
During August alone pig iron imports
were I9.441 tons. and for eight months
25I, 20 tons. valued at $4.676,6 $40 while
receipts of steel billets were worth still
more. Recently the purchases abroad
have extended to steel rails and struc-
tural shapes. Quotations are fully sIs-
tanned on these products. but the ineluali-
ties of the market are shown by declines
in sheets, wire nails and barb wire, while
the tin plates are dull, and efforts are
still being made to retain business abroad
by special wage arrangements. 1t is in
teresting to note that a year ago tin
plates were being freely imported because
of labor controversies.
Supplies of cotton goods do not accu-
mulate in first hands. the demand contin-
uing to keep pace with production. which
holds prices steady. Few export sales
are reported. not through any lack If in
quiries, but owing to the fact that sellers
will make no concessions. Wool averaged
slightly higher in sympathy with the
London sale. Further declines occurred
in hides and leather. which became dull
New England shoeshops have received.
large orders for winter goods, assuring
activity for two or three months at some
factories
Strictly commercial failures in the
United States during the first line
months of 1902 numbered S.676. with de-
faulted liabilities of $S5.40I. 400. Last
year there were S.0S3 failures, for $S0.-
66O.S52. In addition there were forty
seven failures of banks and other inan-
cial institutions. with liabilities of $685.
U21, ,19S. against 81 in 1901. involving
S1I.295,154. While the exhibit is less
satisfactory than last years, only one
other year during the last two decades
made as favorable showing
Bradstreet's report says:
Wheat, including -four, exports for the
week ending Oct. 2 aggregate 6.SI0.57S
bushels. against 5.O77. .O1O last week. 1885,
I49 this week last year and 4.45O. 16I in
1900. Wheat exports since July I ag-
gregate 61.iS4.7i3 bushels. against ST.
S4i.946 last season and 47.212, ,G6I in
1000. Corn exports aggregate IA. .423
bushels. against 1852 last week. 907 .924
last year and 2.3G4.24 in 1900. For the
fiscal year exports are l, 1917 ,234 bushels.>
against 13.626.564 last season and A.
311.66l in 1900.