The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1912-07-20
GOVERNMENT REPORTS iNpi-
CATE LARGER CROPS
THAN LAST YEAR.
Abundant Harvests Will Occasion a
Heavy end EARLY Demand
Fer Merchandise.


The volume OF business reaches
seasonable proportions. As is usual
at this period the markets are at a
transitory stage. awaiting crop de
velopments. Larger grain harvcsts
than last year are indicated by the
Government report for July. although
the estimate as TO wheat did not full
III expectations. Cotton enters the
critical stage in it's growth, with some
adverse conditions. but perhaps not
more than the average. With abund-
ant harvests. which now seem assur-
or. there should be an early and heavy
demand for merchandise. Indications
o: this are seen at western and north
western centers. The recent rains in
the Northwest have benefited wheat
and helped sentiment materially, or
ders in tobbing lines running ahead
OF last year. The Steel Corporation
reports $500. 200 tons Of untitled bust
ness. which insures continued activ-
ity. while new orders almost equal
PRODUCTION. New England footwear
manufacturers are resuminG oper-
ations. following the usual closing
down at this season and many buy
ers are in the Boston market: prices
asked arc higher and both leather and
hides are in demand at the advanced
quotations. Building Is quite active
juno permits aggrcgating S16,00O, 900
an Increase OF l2.4 per cent Lumber
at producing points is quiet as usual
AT this season. but prices are main
tanned. Production for the six months
has considerably exceeded the same
period OF 1911 There is "A slight re-
session in copper. following the late
advance. but worlds stocks showed
sharp decrease during June. Time
money Is stronger, rejecting in part
the demand by merchants and semi
annual reports by the leading corp
orations show good gains compared
with the corresponding period in 1911.
Political uncertainties are without
marked influences. the feeling being
that progress in the development and
expansion O. the country cannot be
checked. Railroad earnings for June
are 80 per cent, larger than "A year
ago. while bank clearinRs for the ten
days OF July increased So per cent
over last yeand and 30 per cent over
1910. Foreign commerce at the port
OF New York for the latest week ag
Gregated in value S29.s79. $40 against
S23.s54.O19 a year ago and $23. 400. 695
In 1910. The gain was largely in inn
ports. exports being about the same
In all three years.
The monthly statement OF the lead
ing interest reflects the further inn
provement In iron and steel, there
there being another gain OF 5s.363 tons
In untitled orders during June Pro-
dUction mas been slightly curtailed be-
cause OF the hot weather and the pec-
cssity Of InakinE repairs. while di,-
hculty I'm securing adequate labor has
delayed the blowing-in Of several
eastern blast furnaces. Pressure for
deliveries cf all kinds Of finished pro-
ducts. however. continues "a signif-
cant feature Of the situation. Quiet
ness prevails in pig iron and no large
contracts are pending. yet prices are
firm. There has been an advance Of
$500 a 10 non iron pipe. and steel
hoops and bands are also stronger.
ORD Of the prominent railroads has
called for bids OF, more terminal WORK
while additional marine construction
viii require a,considerable tonnage Of
steel plates u is estimated that the
output Of coke for the first half Of
1872 estn olished "a new high record at
10146.s9O tons. and conditions are be-
coming easier Prompt furnaces coke
rules at $40 and $3.50 at oven.
In dry goods. jobbcrs. while buying
steadily. stili display conservatism nj
their operations and are not inclined
20 purchase freely until they have
NOR fuly asscrtaincd the trend of
fall demand Drills and fhecting hold
steady with tho best known mills sold
up Geo September. while tickiings and
dcnims are steady. Bienched cottons
tend "a higher level on moderate sales
and print cloths are firm. with very
HIGHT stocks. FAN river sold O. 900
pieces last wcef D. .nn0 being Tor spot
deliver. Misrr Ilaneous export trade
BE- good buf there is uffl- demand
from the Par Fast. Exports 90 doc