The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1909-06-03

lumber market even now and the
promise to be more active later in tn
fyear. Enquiries from railroad pun
chasing agents are numerous and tn,
signs are excellent for active buyin'
in very few months.
THE most encouraging feature o.
the lumber market is the fact that
manufacturing consumers in the North
ern centers are again using nearly a
normal supply. Vehicle and furniture
makers, mills of various kinds and
building contractors in the north are
buying heavily for the summer run.
AS to Hardware.
| Heavy rains in various parts of
the South have interrupted trade in
many sections and have had some ef-
feet in the hardware jobbing centers.
The volume for the week, however.
has been good and in no sense disap-
pointing.
prices are still showing an upward
tendency, leather and one of two other
staples having advanced slightly the
past week.
Wire nails, fencing wire and all
products of the steel mills show signs
of advancing, due more to increased
demand than to any other cause job
bers are advising retailers to begin
now with their fall preparations and
many retailers are doing so.
Buyers and Spinners In a Deadlock.
There is still a tendency among
buyers to refuse to pay prices spinners
ask for contracts for future delivery,
and spinners are equally resolute in
their price ideas, the result being more
or less of a deadlock. 1t is stated
that several large users of yarns are
endeavoring to get orders through at
current prices running well night to
the end of the year, but such transac-
tons have been few. The tendency
among spinners seems to be to ask
prices on a par with the cost of raw
cotton, 70 future dealings.
Manufacturers of mems wear cot
ton worsteds are in the market for
supplies, but only small amounts are
being purchased. Most of the orders
placed run from 5000 TO 1000 pounds.
knitters are also in the market oc-
casionally, but take only small
amounts. In the New York markets
differences between prices quoted and
those asked by spinners amount to
fully to per cent
There is no let-up in the new mill
construction work and the past week
has witnessed unusual activity in this
line.
Iron and Coal
The southern pig iron market has
a more encouraging outlook than for
sine weeks past. There are few
sales being made, the quotations are
hardening once more and the prospetcs
are bright. The shutting down of three
or four furnaces recently will not in.
Jure the market much, in fact the pro.
duction is going to show a very small
decrease for the month Just over. if
any, and none in comparison to
what it was last May and June. The
quotations appear to be firm around
Sll.5O per ton basis, No. . foundry.
The manufacturers are not willing TO
take less than $12 per ton for the iron
to be delivered during the last quarter
Of the year There is much business
being transacted as yet for delivery
during the latter part of the year. A
large quantity of iron can be seen on
yards in the southern territory
but this does not belong to the manu-
-acturing interests entirely, brokers.
dealers and consumers having made |
some time ago and the iron
S being held awaiting orders as to de-
livery.
"Advices received throughout the
south would indicate that railroads
will begin buying after the next two
weeks, the purchases to go on the new
iscal year which starts July first.
This will mean a demand that will be
cit in iron and steel circles"