The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1903-07-09
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| New York.

| Mv IllIh BILE element Is apparent in
| - the business situation but
there are several uncertainties that en-
| gender a more conservative feeling In
regard to distribution of merchandise.
| the long period of low temperature has
curtailed trade in dry goods. clothing and
/ other seasonable lines. Stocks have ac-
| cumulated, and prospects for semi-annual
inventories are not altogether encOurag-
| ing. Railway earnings thus far availa-
BILE for June surpass last years by 10.2
per cent and exceed those of 1901 by ia
| per cent. After further moderate conces-
| sions in prices of iron and steel. espe-
| cially in pig iron and partly finished
shapes, the market has steadied, and
there are indications that no additional
\ reductions of consequence are probable
| for the present"
II. G. Dun & Co.'S Weekly Review of
Trade makes the foregoing summary of
the industrial situation. Continuing, the
| Review says:
Buyers are still uncertain as to wheth-
or the bottom has been reached. and
| there is no eagerness to place contracts.
Concessions are no longer readily OBJ
tanned, however, and the tone is improv-
ing. While it is well known that large
amount of new machinery is specified in
| plants In course of erection, or contem-
plated, there Is an inclination to delay
the placing of contracts as long as pos
sible. Much of interest has developed
| during the last week In regard to the for
eign situation. Contracts for steel rails
were placed abroad, presumably because
Of early shipment required, while rebate
of duty on materials for manufacture and
export encouraged foreign trade. which
has begun to revive as the domestic mar
ket quiets.
Manufacturers of cotton goods have
again advanced quotations in several
lines, notably sheetings, although there
is no attempt to secure prices in proper
ton to the present position of the raw
material. Production is being steadily
curtailed, and supplies of goods will soon
be abnormally light. No improvement
is reported in the character of reports
from jobbers or retailers at chief points
of distribution, except that moderate sue
cess has attended the semi-annual clear
ance sales of local jobbers. New lines
of lightweight woolens for next spring
are rt;il confined to narrow and low grade
goods. Only fair supplementary de-
mand is noted for mems heavyweight
woolens. Wool is unchanged and quiet.
New England shoeshops are busy ON
fall footwear, with sufficient orders on
hand to assure activity for some time.
Failures this week were 223 In the
United States, against 200 last year, and
10 in Canada, compared with 20 year
ago.
Bradstreet's Review:
Wheat, including -four, exports for the
week ending June 25 aggregate 3,51S.-
152 bushels, against 3.617, ,415 last week,
1882, IO1 this wek last year and 1864
147 in 1901. Wheat exports since July
1 aggregate 221 GOT $50 bushels, against
24S. .66S $50 last season and 215, 724
in 1900. Corn exports aggregate 1885,
724 bushels, against LOSS. 1853 last week,
100, 102 year ago and 2.455, AGO in 1901.
For the fiscal year exports are 65.650,-
GOA bushels. against 26.3229 913 last sea-
son and 175,O84, 40 in 1901.