The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1912-08-24
THE TRADE SITUATION
MAINTAINS IMPROVEMENT

Conditions all over the country are
prosperous. according 20 Dun's Weekly
Review. which says as follows.
The Industrial and trade situation
fully maintain its recent Improvement
and n further advance in activity ia
noted in the reports from the lead =
ing centers. The remarkably fsvora-
BILE crop outlook at the middle OF Au-
gust. when every day makes the risk
OF deterioration or damage more re-
mote, Is the basis OF the most opti-
mistic sentiment that has existed in
six years.
This optimism grows daily. in spite
OF tho fact hat prices. except for de-
clines in cereals and cotton. continue
on q high level, still making consum .
ers moro or less cautious.
There are other causes OF conser.
walton remaining over from the old,
bu. now disappearing. order OF depres-
sion, but they are being overwhelmed
by the great tide OF prosperity which
seems 10 be rising n all sections OF
tho country.
Tho iron and steel trade. in all its
I'm portAn departments. continues 20
expand. with further increases in IN
fiied business. The railroads. with
gross IN the fret week Of
August 81 per cent larger than last
year. ara actively preparing for a big
fail business. The number OF Idle
ears has diminished and the carrying
OF the increased business OF the couu-
try IL already becoming a serious
problem. The dry goods trade In
every branch, both cottons and wool
ems, wholesale and retail. shows sus
tanned activity. which IL all the more
because this - the midsummer season
and because high prcee still produce
complications. The clothing trade IL
excellent.
Leather and hides are very strong
IN spite ~ the high prices ~ raw ma.
teTial. the shoe trade commands an
aotive consumption. Copper prodsuc.
ton Ia a. a high point. the July out
put OF refined breaking All previous
records. The big break In the mar.
kst for rav cotton IL ono ~ The no.
table developments % me situation.
because II IL brought about by the
favorabls crop news. which increaess
the prospect ~ a large Yield The
wheat and corn situation is also aus.
picious View building operations are
heavy
Bank olsarings this week outside N
Nev York Increased ~ per cent
'ver 1911 and ia per cent over
1910. IN Nsw York there vas a do.
line ~ 3 per cent a. compared win
ag' year. but q gain ~ is3 over 1910
-orelrn commerce % mo port % NeV
York during fho lafes' week vas %
.mroainE proportion. ~aggregafing
s7fNf7.z9f. against f2f.G25 fa7 IN 1911
nd f75 49, 73s in 1910 The exports
we're ttsf72.37t a. compared With
WIN 3i7G77f5s IN 1911 and $685..
cas- In 1910
Everything points 20 a continuance
- tho present activity IN iron and
steel. and no advancing trend Of
quotations promises increased profits
70 the producer Consumers ~ pig
iron are dsvoting a good deal more a..
tention % their requirements for the
FIRST hair ~ merit year. but future
business r. not readily accepted m
less higher prices are offered nasic
iron r. strong a. t4. Valley. while
Bsssemsr rules ~ tifB0 and tfs7b.
VALLEY
Crude stesl 70 becoming scsresr.
snd merchant piE iron furnaces have
practically contracted al ~ ne out.
puf FOR tho third quarter Resssmrr
bflets are firm ~ tea. Piusburrh.
md oosn hearth 81 t7s 10 Pit,sburzh