The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1903-09-17
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I&eSTsGiA AND assa&12
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a striking contrast ap-
| New York.

NGY IO[k. pears when comparison is
' made with the correspond
ing week last year. Prices We're then
tending upward in many branches of in
dustry, new buainess was coming for
ward more rapidly than 1t could be han
died and in the security market all rec
ords for activity and high prices We're
being surpassed. Later events have
demonstrated that the situation was un-
healthy, and speculative excesses have
been followed by reaction and readjust-
ment. Conservatism was then the ex
ceptiOn; it is now the rule" according to
II. G. Dun & Co.'S Weekly Review of
Trade. Continuing, the report says:
Prospects for steady gains and their
maintenance are brighter under the pres
ent system. Legitimate trade will con-
tinue to suffer from the losses in specu-
latiOn, and the high rates for CONNER
cial loans will initiate against industrial
expansion, but in the long run a larger
degree of caution should prove beneficial.
Buyers are still coming to the leading
markets in great number, and testify to
the sound condition of business at the
interior. Manufacturing plants are busy
throughout New England, aside from
cotton mills, and there is notable actiy-
ity in wearing apparel at the South,
while prospects for a large fall retail
trade are bright everywhere. Already
there is traffic congestion at several
points, despite the fact that crops have
only just begun to move, and railway
earnings in August show gains Of 9.3
per cent over last year and ia per cent
over 1901.
Unprofitably low prices have had the
effect of curtailing production in the iron
and steel industry. Labor and other
costs of production, with the single ex-
ceptiOn of fuel are much higher, while
consumers are slow to purchase even at
the extensive decline that has occurred
during the current year.
Rails and other track supplies are in
good demand, especially for prompt ship
ment, and more orders are placed for
structural material for bridges and build
ings. \ brick demand is noted for mer-
chant pipe. Sheet mills and some other
divisions of the industry are in an un-
certain position. owing TO the labor situa-
tion.
Failures this week in the United
States are 191. against 176 last week,
-pc tHC picSSuihS Wceh anu ~VO thC SOA
responding week last year, and in Can
ada I. against SO last week, s in the
preceding week and 10 last year.
Bradstreet's Trade Review.
Crop developments have been mostly
favorable. fall jobbing tra06 reports in
dicate further improvement and none
tary conditions show less tension. The
tone of general business is conservative.
Wheat. including flour, exports for the
week ending Sept. 8 aggregate 3,131 ,S39
bushels, against 2,245, ,O56 last week, s.
1852 this week last year, 4,4O6, ,064
in 1901 and 3,3T3, 100 in 1900. For nine
weeks of the cereal year they aggregate
2S,21O, 1913 bushels, against 43,052,59S in
1901, 50, 167 $50 in 1901 and q, ,299, ,O19
in 1900.
Corn exports for the week aggregate
S6S,T41 bushels, against S66,320 last
week, 81 1856 a year ago, 550,SI6 in 1901
and 3,162,271 in 1900. For nine weeks
of the present cereal year they aggre-
gate 9,194,0S6 bushels. against 775,S55
in 1902, 9.249,S97 in 1901 and 31,639,-
$50 in 1900.