The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1903-02-26
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NIv IQ!k. supply and demand il still!
I--'a factt: of strength in
many commodities. while similar condi.
lions exist as to skilled labor, retardiuy
much work and in some cases postponing
important undertakings and improve
ments. Wages hare been advanced vol
unfairly and also in response to demands
by organized labor. Relief to the sraffic
congestion is still continued to a few
favored districts, and shippers cannot
hope for prompt deliveries until lake
navigation opens. Earnings continue to
show splendid gains over former years,
January returns thus far exceeding 1902
by Oh per cent and 1901 by 1871 per
cent. Orders for spring shipment nre
heavy in all staple lines, and the advance
business for fall is unusually large, ties
| lfying TO the confidence Of buyers in coli
tinueG prosperity" The foregoing is
from the Weekly Trade Review of X. e..
Dun 4 Co. 1t continues:
Sound conditions continue to prevail
IN the iron and steel industry. with few
developments of note. Coke is in some
what better supply, making it possible to
operate blast furnaces with less Interrupt,
ton than was expected when the month
opened, but there is constant complaint
of the scarcity and high prices command
I'd by pig iron. Finished steel products
have not risen proportiouately. although.
hey are in good demand. Large exports.
u wire and wire nails are reported, the
movement being heaviest to Australia,
South America and Europe: With the
advancing season there is better move
ment of merchant pipe and kindred lines,
while structural material Is also III more
Urgent request. The demand for railway
equipment shows no diminutiOn. and all
other foreign order for steel rails could
aOt be accepted because deliveries were
'equired in May.
Cotton has taken the leading position
Of the great staples, both as to extent Of
advance and volume of speculative trans
actions. Visible supplies are lower than
Mt the corresponding date in any year of
the last decade, and it is an unusual day
when exports do not exceed receipts.
Foreign spinners are busy, domestic mills
consume freely, while there is business
IN sight for more cotton goods than pres
ent stocks of raw material at the mills
will make. Several grades of cotton
goods have advanced in price. which,
with gains in other divisions of the mar
set during preceding weeks, makes the
level of quotations much higher. A large
attendance of buyers is reported, stimu-
lating activity with jobbers and at first
hands. Cash sales are restricted by low
supplies. Domestic consumption supplies
most of the business, as export inquiries
nre light.
New business has increased at New
England footwear factories. with coed or
lers for April delivery of calfskin shoes.
In the leather market the chief event has
been an active demand with higher prices
!or betting butts. Low supplies of sole.
leather give strength, and upper stock.
s in better request. Domestic hides
weaken as the advancing season brings
poorer grades to market. Restricted re-
ceipts of dry hides sustain values, i'm
ports from Central America commanding
a fractional advance.
Bradstreet's Grain Figures.
Bradstreet's weekly report says on
grain:
Wheat, including -four, exports for the
week aggregate 2, $50, ,439 bushels, against
!, ,065, ,916 last week, 3,175,481 in this
week a year ago, and 4.S14,s7S in 1901.
Wheat exports since July 1 aggregate
;55, ,421,971 bushels, against 1892, 124
last season, and 126, ,638, ,337 in 1900.
Corn exports aggregate 1880, 40 BUSH
els, against 2, 2,4OO,316 last week, 627 1868
a year ago and 4,7G0, ,422 In 1901. For
the fiscal year exports are 24.631, ,1S6
bushels, against 22,55s, ,49G last season
and 124, 4,32I,216 in 1901.