The Progressive West Virginian. [volume] (Williamson, W. Va.) 1911-1913, 1911-07-20
Steel IN The LEAD
Business Improving as the Country Re.
spends to Depression over
Heat Wave.

New York. r. G. Dun & CO. 8 week.
| ~ review of trade said:
In response to the broader demand
for finished materials the steel mills
are rapidly resuming operations, hav.
| ing taken less time than usual for re.
pairs and inventories. Plants in the
Pittsburg district are working fully
up to the June rate, while the leading
interest is running at slightly over 81
per cent of its steel ingot capacity. A
more favorable showing than had
been expected was disclosed in the
untitled tonnage report of the steel
corporation, orders on hand during
June increasing 246,S71 tons, whereas
in the two months Immediately pre-
ceding this was combined falling of
of fully $4,000 tons.
Dry Goods Buying.
Buyers are still hesitating about
placing forward orders in dry goods.
Prices are generally well maintained,
exceptions being noted in some gray
cloths. Jobbers have extensive plans
for merchandising under sales during
the coming week, when many of the
largest buyers will be in the east ia
attend an important meeting. Curtail-
ment of mill operations is still very
large in all textiles.
The movement of footwear gradu
ally increases. Buyers are more nu
merous in the New England market
but caution continues to be displayed
n q fror OF n4os1
ever. continues to show improvement.
Pronounced strength still rules
throughout the leather market, with
special firmness in sole leather.
Bradstreet's letter said:
The events Of the week have been
mainly favorable, including as they
do the passing, temporarily at least,
Of the heated wave, the worst of the
decade; the occurrence Of rains in
drought stricken sections staying the
further deterioration Of the corn crop;
the maintenance of fattering condi.
tions as to the cotton crop outlook
and the widening Of activity in the
iron and steel trade. Though midsum
mer quiet still prevails, trade condi,
tons display slightly better under.
tone, thanks to the breaking Of the hot
wave and to timely rains in the west.
ern country. More moisture is need.
ed for corn and oats, but the precipi.
tations that have occurred have super
induced better feeling and incident
ally produced little more spot bust,
ness.
Building Brisk.
There is trifle more doing in In
dustrial lines, oven though there is
still considerable dullness. Building
trade statistics appear to indicate that
the trade turned the corner in June.
Iron and steel industry continues to
score advances and the outlook for the
final part of the half year is certainly
more optimistic than it was: Finished
lines lead as regards new demand, but
it is apparent that relatively good
business has been placed in quiet
way.
Export Trade.
Wheat, including -four, exports from
the United States and Canada, for the
week ending July -. aggregate 1,So1,-
0S3 bushels, against 1.347,275 last
week and 1,190,248 this week last
year. For the two weeks ending July
Is exports are 3,148,35S bushels,
against 2,754,023 in the corresponding
period last year. Corn exports for the
wnaL GRO Q42 9a1 husho1c aoainat o7e
OFT last week and 44O,757 in 1910. For
the two weeks ending July IS, corn
exports are 1,S74,4OS bushels, against
771,819 last year.
Business Failures.
Business failures in the United
States for the week ending July Is
were 1876, against $50 last week, 2O2 in
the like week in 1910, 2O6 in 1909, 25S
in 1908 and 1T in 1907.