The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1902-05-01
| KeY York.

distribution WAS greatly accelerated.
which in turn enlarged jobbinc trade
and brought more pressure on nianufac-
turers for prompt shipment: agricultural
work was Facilitated and building opera
tions made rapid progress. traffic in
creased AT the interior rs the condition
OF country roads improved. which made
collections better. Some labor contro-
versies were settled and others were
averted. Complaints are still heard re-
gardins tardy deliveries. but freight is
less congested. and business has incrcas-
ed to the extent of 60 per cent, larger
railway earnings for April thus far than
last year, ard 1863 pes cent over 1900"
according TO Il. q. Dun X Co.'S Weekly
Review OF Trade. Continuing. the report
says:
Quotations of iron and steel cannot
yet he considered inflated. but the mar
ket is following a natural course, despite
the efforts of leading interests TO main
tain conservative position. Supply and
demand must in the long run govern
prices, and in this industry needs are
greater than available stocks. although
productive capacity has largely expand
ed.
Pressure for pig iron is very great,
but furnace men have contracted for
their output far into the future, aud
consumers who want prompt delivery are
willing 10 pay premiums. Similarly as
to steel rails, the regular price of SIS
has become nominal on current business,
an advance OF 81 ton being readily
paid for immediate delivery. This is es-
pecially noticeable on urgent trolley CON
struction. Specifications for new build
ines promise abundant additional con-
tracts for structural material, while
some mills have already sold their entire
output for 1902. Machinery and hard
ware lines share in the exceptional ac-
.ivity. and are doing a brisk export 5usi-
ness in spite of high prices.
Cotton goods have not followed the
fluctuations in the raw material, al
though its strength has contributed to
the steadiness of the finished product.
The feature of the week was the III
creased inquiry for export. and mills ca
terins TO this trade are sold far into the
autumn. In the domestic trade many
bids slightly below ruling prices We're
not considered. and it is evident that
supplies are in strong hands. Deliveries
are being made more promptly, yet there
Is no fear OF accumulation.
''Woolen goods are in less urgent de-
mand. purchasers having secured most
of the cloth which the American COM
pany was unable 10 furnish owing to the
strike. Buying of dress goods has ce-
creased. and jobbers are beginning to go
out with fall lines.
Footwear shipments from Boston
have decreased. but jobbers are placing
orders for fall and the shops are fairly
well occupied Shoe manufacturers are
buying leather more freely, holding prices
fairly steady. except for hemlock sole,
which lost half cent.
Grain and meats have continued very
strcng There was some logical expla-
nation of the advance in corn, interior
receipts falling 20 $4,000 bushels for the
week. while Atlantic exports rose TO
SSi .Go3 bushels. an unusually large total
for recent times, although small by coIn-
parison with the corresponding week ir
preceding years. Wheat was sustained
by exports from all ports Of 4,4S5.3o2
bushels. flour included, against 4,613,S91
a year ago.
Cotton attained higher price, South
ern markets leading the advance on de-
ereasing port receipts and good demand
from spinners. Sugar and coffee hase
been notably weak. the latter falling to
within a sixteenth of the bottom record.
Failures for the week numbered 261
in the United States, against 206 last
year. and "a in Canada, against u a
year ago..
Bradstreet's says: Nothing like the
present activity in building is recalled
for at least decade past, and lumber
and kindred materials are very active at
most markets. 1t has been a weather
tendency upward on poor crop reports
from the Southwest and light receipts.
The imposition Of the export duties 10y
the British government had only a mo-
mentary effect here. This country sup
plies two-thirds OF the United Kingdoms
takings of leading cereals. Corn and oats
have advanced, partly in sympathy with
the premier cereal and partly because of
continued light receipts, and despite the
reports that the bull syndicate has liQui-
dated on the recent advance.
The scarcity of pig iron improves the
demand for scrap material. sales OF
which have been large. The carriage of
lake ore this year IS estimated at 22,O0O.-
600 tons. the transportation of 10 per
cent of which has been already arranged
for. Hardware is in very active de-