The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1912-08-17
P1Io1s OF TIE STAPLES TAKE a
DOWNWARD TEEHp.
Eron snd Steel Business on High Plano
-Dun's Hevtsv OF WEEKS
Business world.

Discussing trade conditions in gen
uai. Dun's Weekly Review says:
The leading crops are brought closer
30 maturity under favorable condi
lions. which were, especially beneficial
Ehis week. and. as bearing on future
conditions and costs. the prices OF
these important staples. particularly
" cotton. underwent some considerable
revision downward. In most of IN.
,ther pramary markets trading is main
lained on fairly active lines. Wool 49,
eeld at high values and there is SOM
tctivity. but the market Is temporarily
held In check by the possibility OF
tariff legislation Hides and leather
are very strong and In active demand.
Current business in iron and steel con-
nnues on the high plane of the recent
lctivity. shortage OF labor and cars
eeing a retarding influence In these in
sustries. Industrial activity IN the
past Is still interrupted by the strikes
IN the cotton mills. but otherwise labor
conditions are fairly satisfactory. The
better crop prospects and the realiza-
don of a shortage In production has
rtimulated trading in cotton goods
In wooden goods spring lines for 1913
have been opened and business is
fairly active. Footwear manufactur-
hrs have some additional business. but
trading. the readjustment. however.
Appears 20 he making satisfactory pro-
Tress. In the Central states Industrial
tctivtty Is the marked feature and en-
Iarged payrools help in the distribu-
lion OF mercha ndise at retail. The
vest Is feeling the influence OF crop
returns and the movement OF whea:
DOW exceeds the heavy movement Of "A
year ago. Naturally. the trade In the
10 IN %
nnal determination as 20 cotton. but
there is fair movement for this sea-
son. Statistics OF new building per
mits still show considerable increase.
the gain at ffty-four leading cities
being 1875 jer cent. emitting Greater
New York. the gain - ISL per cent.
The movement OF lumber al producing
points continues heavy. Bank clear
NJ rs per cent over year ago and
fo5 per cent larger than in 1910. Cities
outside OF New York report consld-
cradle gain over last year. inactivity
In the speculative markets causing a
small loss at the latter point Trans
portation lines are busy. gross earn
ings OF all railroads reported for July
exceeding those Of a year ago by G.
per cent. Foreign trade Is fully main
tanned. exports and imports for the las,
week at New York aRRregating s72.s4O.-
200. an increase OF slightly more than
1.OoO.OOO over both preceding years
The gain Is largely IN exports
The expansion in iron and steel con-
dnues. with activity especially marked
In finished lines end with additional
price advances. Increasing difficulty
Is experienced obtaining prompt deIiv-
cries. and in some instances large pre-
riurns are being paid. Plate mills ere
crowded with orders while prominent
ran manufacturers are booked M %
rails for which inquiries were in N,
market. contracts for los. 900 tons hnv.
already been closed. one haiiroad alor.
taking 10000 tons. Further buying o,
cars r. also reported and all equiprnent
Companies are busy. while steel found
rfes are working at a higher rate thar
In many months
Greater activity appears in pig iron
H. response tn conditions in finished
steel. and steady. though moderate
price advances are noted Considerabt.
inquiries are out for foundry iron foi
shipment IN the first quarter OF 1911:
and substantial purchases ~ basic fro-
have been made IN Western Pennsvl
vania- Owing 20 the hot weather. pro
duction ~ pig iron fell OF from 2.4aO.
7s5 % 2.4i0.ss9 tons during July. &C
cording TO the Iron Age
Trading IN tho dry goods market,
shows steady advances. numerous buy
ers being present and operating viii
considerably more freedom. There h
q marked absence OF speculation. IN.
enhanced values % cotton goods bein,