The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1903-08-20
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| New York.


C... Trade advices from
NR1 York nearly every section con-
tinue to show as favorable
conditions as a year ago, and in many
lines the volume of transactions has been
increased. Jobbers report fall business
opening with excellent prospects, and
manufacturing plants are well occupied.
with the exception of the cotton mills.
Distribution of merchandise is 90 heavy
that railway equipment already proves
inadequate, although crops are not the
factor that they will be in few weeks
Earnings for July exceeded last years
by 12.7 per cent and those of 1901 BY
2O.2 per cent" according to r. G. Dun
& Co.'S Weekly Review Of Trade. Con-
tinuing, the report says;
On the whole, news from the farms
is less favorable, but nc serious c,lftail-
ment is assured, and many sections made
very bright reports. A decline OF 10
per cent in the cost Of commodities dur
ing July Is evidence that prices are less
inflated, since the change was mainly in
meats and other food, which have been
rdling at an abnormal position.
NOuSumpI1Ou VI IIOA Aho 5tSSA ~ W. -
large scale, and in many departments
the last week has witnessed the signing
Of numerous contracts, but there is ten
dency to. delay purchases beyond early
needs. This conservatism Is not surpris-
ing in view Of the uncertainty regarding
the security and financial markets, to-
gether with considerable interruption to
structural work through labor contro-
versies. The rate Of consumption and
the moderate size of orders, however, In
dicats that stocks are running low, which
encourages furnace men and mill opera
tors to hold quotations fairly steady.
A moderate tonnage Of pig iron has
been ordered, and in partly finished pro-
ducts the best feature just now is the
bidding of agricultural implement max
ers. More pig iron was imported dur
ing July than anticipated, and German
billets are still offered at Pittsburg, but
the domestic makers announce their in
tention of meeting foreign competition.
There II less pressure for tin plates, the
peculiar weather extending the canning
season and giving more time for deliv-
cry Of cans. There is full occupation in
all branch.s Of this industry, and in mer-
chant pipe also the mills have full order
books for many months.
No change Is noticed in the attitude Of
cotton goods. Buyers appear determin-
ed to postpone business until the read
justment of prices for raw material. Ow-
ing to the gradual reduction in mill stocks
there Is a similar disposition to delay
undertaking new contracts, and the re-
suit is further addicted to idle machin-
cry. In view of comparative steadiness
Of retail prices and the activity in dry
goods trading at many points, it Is evil
dent that stocks in other than first hands
were larger than was believed when the
speculative advance began.
Although jobbers report bright pros
poets for fall trade, 1t is remarkable that
they make 70 little effort to secure for
ward deliveries. Irregular distribution
Of orders is reported in woolens, some
lines being Withdrawn, while others make
little progress. An increase in number
Of buyers is encouraging. and in the ag-
gregate sales are fully up to normal.
Healthy conditions continue in footwear,
some grades advancing in price, while
New England shops are not able to ac-
cept orders for delivery in several
months.
There were ITS commercial failures
this week in the United States, against
100 last week, 191 the preceding week
and 1856 the corresponding week of last
year, and in Canada 10, against 10 last
week, 10 the preceding week and II last
year.
Bradstreet's Trade Review.
0,,r>r>I - To- . .or<.r~o - NAV hn
said that the past in trade and industry
is satisfactorily secured, while the future,
despite rome mainly sentimental draw
backs. is highly promising. Divided ge-
graphically, it is to be noted that the
East feels the effect Of speculative liqui-
dation, and the dulling effects on manu-
featuring of high prices of raw material
or of strikes, while the West and South
contemplate the prospects of good yields
of staple crops and remunerative prices
for the same with confidence, and even
optimism.
Wheat, including -four, exports for the
week ending Aug. 9 aggregate 3.O4O,62O
bushels, against 3,191. .442 last week. A.
PA, 1868 this week last year. 1881, 199 in
1901 and 3,31S.760 in 1900. For Eve
weeks Of the cereal year they aggregate
1901 ,253 bushels, against 20, ,793,203 in
1902, 32,5O7, ,145 in 1901 and 14.S6S, ,797
In 1900.
Corn exports for the week aggregate
SS4.42S bushels, against 92S,SS9 last
week, 7O.611 year ago, 800, III in 1901
and $3.50, ,754 in 1900. For five weeks
of the present cereal year they aggregate
6,242, ,O93 bushels, against 494, ,437 in
1902, 1924, ,413 in 1901 and 1S,249,731 in
1900.