The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1903-11-26
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Special kilograms regarding the state
of trade from correspondents of the In
ternational Mercantile Agency through
out the United States and Dominion Of
Canada are summarized as follows:
The week has been marked by some
what unsettled feeling and renewed con-
servatism in commercial circles. Distri-
button of staples is smaller than n week
ago at Chicago, and materially so at
IIttsburg, where industrial activity has
improved. except for millinery. Cooler
weather has improved trade in New Eng
land, except for jobbers, where season is
ended. Warm weather has dulled de-
mand at Baltimore and at Louisville.
Collections are rather slow in territory
tributary to st. Paul, but in the cotton
regions they are growing easier. Plow-
makers report good business, but mod
crate collections. Kentucky has n me-
dunn tobacco crop, but prices are better
than last year. Philadelphia merchants
say trade in staples is smaller. October
lumber shipments from Minneapolis were
the largest of any month this year.
encouragement is felt at the new pol
ley of the steel trust. Consumers will
no longer have to go abroad for steel.
Ten thousand tons Of rails have been
sold to go to China. More mills are
opening and some are closing tempo
rarily. Colorado's coal strike offsets the
settlement of Montana's copper war. Fall
Rivers wage cut was not altogether un-
expected. Makers Of prints have been
losing money at late prices for material
and rate Of wages. But high cotton is
making foreign exchange fast, now that
Europe is demanding all it can get re-
gardless of price-the most significant
financial feature of the week, with cot
ton. not steel. as king.
Tight money has checked the rising
demand for bonds, but shrewd people are
making large investments at bottom
prices.
Trade conditions at Montreal are about
the average, and demand for seasonable
goods is fair. Mild weather at Toronto
has checked the distribution, but dealers
report the beginning of holiday trade in
fancy goods and jewelry. Canadian lum-
ber cut will be less this year than last
owing to scarcity of labor. Canadian
banks are loaning money in the United
States, which makes it more difficult to
secure funds here.
Dun's Review, published by Il. G. Dun
& Co., says this Of business in Chicago
and in the West:
Business at the banks continues ahead
Of year ago, but in some important
branches of trade curtailment appears.
although not in more marked degree
than usual at this season, when there Is
less activity in outdoor work and lake
navigation becomes suspended. Weather
conditions also have not been entirely
satisfactory for normal consumption of
seasonable merchandise and strike of
street car men interfered with dealings
at retail.
East-bound shipments of foodstuffs ag-
gregate better than for the corresponding
week Of 1902, but run behind last week
in wheat and hog products. Western
roads exhibit smaller gains in earnings
and managers are now considering meth
DDS for reducing operating expenses.
Manufacturing Industries find new or
ders coming in slowly, but many remain
fully occupied on old business. Mercan-
tile collections are not as satisfactory
for city as on country bills. Failures in
the Chicago district number "a, against
35 for last week and % year ago. but
the liabilities show large increase.
Grain shipments, including 1,649,O58
bushels Of corn, reach 1861. .191 bushels.
and are per cent less than a year ago.
Increasing receipts and favorable posi-
tion of Argentine crops affect the general
demand, and prices are again lower
compared with a week ago. Live stock
receipts, 2S7.9S4 head, are 40 per cent
under a year ago, when the total was abb
normally large Notwithstanding ten
dency to withhold supplies. prices do not
regain strength. Hogs declined 20 cents
per hundred weight and cattle recovered
20 cents. Demand for provisions shows
dullness on export account, but has been
fairly good for domestic consumption.