The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1903-06-18
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New York.

:. "The elements provided
MN Y01k the only unfavorable devel-
l-3 opments of the week. and.
while these may not prove far reaching
in their effect. their first result is seen
in greater conservatism. Dispatches re-
garding trade conditions at the leading
cities are generally encouraging. Rail
way earnings in May were 12.7 per cent
greater than in 1901" according to X. q.
Dun & Co.'s weekly review Of trade.
Continuing, the report says:
There is still an inclination to defer
the placing of contracts for iron and
steel. The United States Steel Corpora
ton has bought 10000 tons Of pig iron,
chiefly for delivery during the third quar-
ter, but the recent readjustment OF quo
tations has not stimulated general activ-
ity in the industry. On the contrary,
there is still hope for further conces-
sions, and buyers are disposed to get the
full benefit.
"1mportations are no longer encouraged
and domestic producers are prepared to
accept more export orders than was pos
sible when home markets were under
great pressure. Railway Improvements
and extensions are again under consid-
Grafton, and much work will be done
when confidence is restored regarding the
labor situation.
Textile industries show no material
improvement. Sellers of cotton goods are
unwilling to accept contracts for distant
delivery and even in immediate business
there Is little disposition to accept the
prices offered. Interior trade reports are
less favorable, Western business being
affected by floods, while droughts in the
East and numerous strikes restrict con-
sumption. Conditions as to woolen goods
are practically unchanged.
Prospects continue bright in the foot
wear industry. The average of domestic
hides is again higher, and Colorados sold
on par with native steers
Failures this week in the United
States 1S2. against 206 last week. 119
the preceding week and 218 the corre-
spending week last year, and in Canada
"a, against last week. IA the preceding
week and 16 last year."
Bradstrset's Trade Review.
"The country's foreign trade promises
we'll, failures are down to a low mini
mum. and bank clearings, though reduced
by dullness In stock speculation, point to
record totals outside Of few important
speculative centers.
Numerous strikes in the building
trades limit demand for lumber, brick.
builders hardware, and, in fact, all class
es Of building material. but structural
material remains surprisingly good in
view of this. 1t Is stated on good author
ity that the coal trade was never in bet
ter shape than at the present. and the
consumer continues to pay freely the
entire cost Of last years great strike.
Retail prices Of window glass are expect
ed to advance.
Wheat, including -four, exports for the
week ending June aggregate 4,T0S, ,995
bushels, against 4,677,61S last week.
1900, ,055 this week last year and 6,644,-
644 in 1901. Wheat exports since July
1 aggregate 21O .SO5 bushels against
8,O24, ,9O1 last year and 20O.5O1 ,6S9 in
1900. Corn exports aggregate 1,O13,871
bushels, against 1,179, ,739 last week, 49,
254 year ago and 2.455, ,1O2 in 1901
For the fiscal year exports are 81, $50, 712
bushels against 25,9S6,S51 last season
and 167, ,624, 200 in 1901.