The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1912-08-10
INCREASE MERCANTILE OPERA.
TiONS DEMAND MORE
MONEY.
Optimism Prevails In Business Circles
Oceasioned BY ExeItements Of
Presidential Year.

IN cOnectiOn with moving the crops
will also be heavy. 81 IL. on the whole.
fortunate that there Is no great spec
uiative activity TO add to the burdens
OF the money market. which Is giving
signs OF an advancing tendency. The
industrial and trade situation is thus
in advance of the speculative securi-
ties market. but the sluggishness OF
the latter is not an Indication OF sus-
picion as 10 the reality and perma-
hence OF the former. The crop stu
alton, upon which national prosperity
so largely depends. is In an eminently
satisfactory position.
Some uncertainty still exists as TO
cotton. as is evidenced by the wide
fluctuations in the market for cotton
options. but the latest news shows
improvement in the eastern cotton
section with lack OF moisture again
reported in the Southwest, notably
Texas. The grain crops are in a very
promising condition and every day
now adds 10 their security from IN
favorable weather developments. A
noticeable not optimism prevails in
business circles in most sections OF
the country which is not appreciably
affected by the usual excitements
OF a Presidential year.
The great prosperity OF the iron and
steel industry is steadily maintained
in all its important branches: and
the railroads. already in possession of
Il traffic. as indicated by gross earn
ings in the three weeks OF July, "a
per cent larger than last year. are
Preparing for still larger business by
liberal arrangements for rails and
equipment on "A scale in excess OF most
former years.
A midsummer lull prevails in mer-
chandising in dry goods. yet many
orders are coming IN for future delly-
cry. The shoe trade also maintains
recent Improvement. The generally
advancing tendencies Of the business
situation are strikinCly indicated by
bank Ciearings for July. which show
gains Of - per cent over 1911 and
Of - per cent. over 1910. and these
gains are we'll distributed over the
different sections OF the country. a
proof that business Improvement is
national in scope The July failure
exhibit still shows the effect % the
former strain hy the large number Of
defaults and the increase IN liabilities
over tho corresponding month in the
Two preceding Years result which
Is largely due 10 the increase in small
failures.
The further price advances on steel
products testify 10 a large volume OF
new business and there are indica.
lions that the output ia going direct.
ly into consumption Demand IS
broadening. with the smaller plants
reporting steady Improvement in
sales Il Is estimated that orders for
equipment from railroads This year
will surpass all records sinse 1909
Purchases % plates and structural
material continue feature and quo.
tatiOns are higher. with premiums
paid in some instances Crude steel
IS steadily becoming scarcer and
promut deliveries are more difficult
10 obtain An advance in pig iron Is
considered probable. especially on
basic iron. which has been quite ac
tive during the past few weeks Re
cent contracts include 10000 tons "a
ken by one interest. while there s..
also large inquiry for sou'hun
iron
In dry goods fne lines are slightly
stronger. rehecfing the continued
idleness a. New bedford. although
there has nor been any considerable
buying Prints hae vbeen advanced
TO a basis % 5iac for standards and
prices % low and medium bleach cd
cottons were also marked up &c and
&c. respectively India has bought
some drills FOR October shipment and
Rorre small trading II reported with
Red Sea and African ports. while
miscellaneous export trade continues
fair Fall River sold 100000 pieces
% print cloths and cOnvertiblos las
week ~ which ono-fhird we're foi
spos delivery Urn wo0lons and wOr
afeds. trade IN mems wear continued
satisfactory. md Tho largo corpora
tons making dress goods report q
very good demand f0r spring Nor
chanG.se JohborF report he-frt
foil trade than se1r ago Worsfef
yarns IRE firm. with demand steady
and while cotton yarns have afvau
ced buyors are still holding of
TRADE in feofwear shows iuprn-e
mont. dfai.f. ffr reluctance display
Cd D.. snnIr buyers fo rav fhe Fharf
advance. frrnrrr1 Ir warufarfur
srs. ard r..sf factories are nrIselt
ENGAGED .U uHfIfr ffr ard vIrfnr
rtIuu.rrt Pronounced strength con
fIrufa fY rrIf fhrD shout fho Iraffnf
frHrf.. frrrIa.IE rr r.fn leather
vf|fr IH Collins about 4. l.vffr
with tanners holding quotations tsr.
finn .r ftrefH.rr.r ~ firfhtr aI
tarrfr Ir raw rafrrfr. fIghfwfIrr'
ts'Ing leather is lr eman supply arr
rufnm .tNe ffaffrr fs ad.nrrIrr %
kinds - rhr. .lrrr leather is IN I'm
proved r'qre~ and g.azaI Fd is go
inr fafru fr larger Quantities. I.'
derfrf f.r patent Ifafhrr fs .flI
moderate fnrfhrr advances haze