The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1912-08-31
INDUSTRIES WORKING TO The
FULL NORMAL CAPACITY.
Crop Prospects Increasingly Brilliant
Business Sentiment More
6ouysnt Daily.

Optimism Is uppermost I'm Dun's
Weekly Review. The report follows:
With crop prospects increasingly
brilliant. with the principal industries
working 20 fun normal capacity. with
trade distrit ution continuously ex-
panding. and with business sentiment
becoming daily more and more conf
dent and bouyant. the whole. situa-
ton. both In fundamental conditions
and In volume OF transactions is bet
ter than II has been for years. The
problems arc not those OF depression,
but becoming those OF prosperity. II
IL no longer a shortage OF orders. but
or capacity &c supply demand. and in
some cases consumers OFFER premiums
Tor prompt delivery. A shortage OF
labor. not alone in the wheat fields,
but In some OF the industries is re-
ported. The railroads are buying lib
orally Of supplies and are placing
heavy advance orders. but there Is a
prospect OF shortage OF cars to carry
the traffic of the country. An actual
shortage OF money has not been
reached. bu. n threefold demand for
money TO provide for business, TO
hove the crops. and to finance new en-
terprisa amt speculation, Is beginning
10 make an Impression on rates for
loans. II is noticeable that merchants
.At III" biSI0bFu 10 uuN more freely
for advance needs. High or unsettled
prices still, however. complicate con-
ditions I'm some trades. Although the
dry goods trade rs very active. espe-
clally in the west. south and north
west. Vet there Is considerable disno-
sttion in cotton goods 10 await more
stability in the price Of raw cotton
II Is noteworthy that the outlook for
q large croH 81 cotton Is improving
with tho Continuance 80 h.
conditions. The shoe trade is retarded
by the continued high prices OF leath-
er and hides. From the iron and stee
industry nothing but the most favor
able reports are forthcoming: plants
are working TO capacity, stocks OF pig
iron are being reduced, and the de-
mand by the railroads and other con-
sumers is large and urgent. Building
operations are active The copper
market reflects the prevailing advan-
ing state OF trade and the current use
OF copper Nv some of the largest CON
sumers Is said tn be the heaviest on
record. The hardware trade Is point
Ing To ward increased activity Crou
and weather reports indicate even
better conditions than were disclosed
bN the latest government statements.
Naturally. the statistics Of bank clear
i~gs reflect this general advance IN
business activity: the total Of this
week shows gains of 1870 per cent
over 1911 and Of 1s.e per cent over
1910. Railroad gross earnings I'm the
nrst two weeks ~ August inCrees ID
- per cen; ever last year. In foreign
commerce the feature Of the situation
Is the expansion IN imports. At New
York I'm the last week the import
were Sl914S332, which e. nearly two
millions greater than IN 1911 and over
one million more than in 1910. EN-
ports were ,9.13i.5s7. against sifaO6.-
49, In 1871. and Sl2.io6.36s in 1910.
In finished materials 81 iron and
steel mos OF the leading plants are
working close 90 capacity. while the
smaller concerns are fully employed,
and the output would be larger n II
were not for the shortage 81 labor.
Prices tend upward. with the move
ment more noticeable east and west
than In the Pittsburgh district In
addition 20 the 100000 tons Of rails
which have been reported placed for
next year. orders FOR over zoo 900 tons
more are reported to be pending The
best reflection OF the prevailing actlv-
ity IN the steel mills IL the readiness
Of buyers 20 paw premiums for prompt
delivery. but many 81 the larger cor -
porations are opposed 60 the accept
ance OF this premium business be-
lievinF thai a rapid advance In quo
prosperous conditions that now pre-
vail
Buyers 81 cotton goods are Disposed
~ reduce their repeat orders while
waiting Tor the raw material market
20 ADJUST Itself on staple basis but
there are urgent calls on mill agents
for moderste-sized lots % plain and
colored eottons for quick shipments.
indicating thes hort supplies in Job
hnWaf hamHa TO- Fhn q
ishsd goods are FIRM. hut there were
eorne downward revisions made IN
print cloths. Special offerings attract
much attention a. usual Reports
from iobbing csnters In tho west and
sOuthwest Indicate on ahnorrsily
sotive fail Gade. Export business is
quief. some prints and narrow brown
sheetinRs Icing ordered Tor South
America Mems wear and wooden
dress goods continue ln good demand
Tor both spring. 1918. delivery ana
for the current fell season.
Tho price question rYnfinuss ~ De
retardinx factor ir OBJ. market pr
footwear ana Purchase 40 a rule.
are I'M moderate srnounfs FACTORIES
arc only fairly well fngnrei. Stocks
ir The hands - retailers are believed
fo Do small ard active buying cannot
therefore ho much longer postponed .
fauc rlHIIr aH leather continues .fr.
strong iarrs sales have been MAD.
- ail ..rIa o. leather. notably eIIa.
Total pHlfs lob 900 markets ayRrrrafrd .
fIiir rnHI0' sides which included o.. 7
npI ridfF NJ secured nak backs ln Sow .
NnrE nf &c. tween. farufrt run. .
while fnhnf ~ .alra Of IrmIurE .
srd union sn'. were made ir Boston
m lDfs r.nrirg from 10000 fY 10000
hacks each lu upper leather trade bel .
STEADY with prices .rrf firm Hides .