The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1912-08-09
81
Ilss=s ssSSI
Isl RlAE NE J. ISsss5Yj
WHY MAKE A cHANeEY
(Wheellng lntelllgencer.

From the general letter OF trade
conditions issued by the National Ex.
change bank Of this city. under date
Of July 31st, the following Interesting
paragraphs are taken: =
One year ago to-day 1t would have
been hard to believe that the change
which has taken place ID business
during the twelve months could oc.
cur. At that time, the country was
In pessimfstic mood and, business
men concerned themselves very lit
tie over the news which promised
wen for the future. The unusual and
remarkably good business conditions
which We are enjoying to-day were
clearly indicated during the months
Of July and Angus, OF last year.
mo one line affects all business
more than the steel and iron trade.
The production OF pig iron for May,
June and July 10 late is the largest
ever known at this season Of the year.
and has never been equaled at any
time except during the closing months
% 1909. Pig iron prices average high,
or than at any time during this year
or last.
"The output of the steel mills has
set new records. during the past few
weeks, Practically all plants arc run.
hing full time, oriers are being dc.
Filmed and many TaIils' are unable to
keep up with specifications on earlier
contracts. Rail orders have been
slowest TO reach a satisfactory vol.
ume, but within the week, western
rail mills have declined orders. De-
mand for structural steel Is heavy
and most mills are sold up through
the fall season. The July steel bust.
ness will equal June and prices are
gradually being advanced. More or.
dcrs would be booked but manufac.
tnrers are unable TO promise deliv.
cries within reasonable time. The
only limits to activity in the steel
business are plant capacity and labor
obtainable. The storage of labor is
not acute but is in evidence in the
heavy manufacturing districts.
"The Steel Corporation on June
18th as compared 10 May .Slst. 1t is
expected that the corporations IL
port next week OF earnings for the
quarter just closed will show about
s25,OO,OOO.
The production Of electrolytic cop
per by the refinerieBr for sthe six
months totaled s135,OOO.OOO pounds
The 1911 production totaled. 1892
100000 pounds so that copper produc-
ton has scarcely exceeded last years
showing aud an Increased consump.
ton has pulled down the visible sup.
ply from 158lOOO.OOO pounds a year
ego to 100000 pounds on the first
Of this month. During this period
prices advanced more than cents a
pound. Aside from a slight tempo.
rsry reaction brought about by Lon.
don market operations. the price has
advanced steadily since May OF last
year.
Tin plate mills are busy with ex.
ceptionally heavy specifications. and
orders and specifications show thai
consumers stocks are light. Short;
age of raw material and labor are
preventing heavier output. Prices
are Grm."
This resume of bushes conditions
is OF particular interest to Wheeling.
Wheeling'lB more dependent upon iron
and steel than any other Industry;
hut the conditions In the iron and
steel industry are not peculiar. The
same activity. the same business In.
sPiration and the same Industrial de.
yelopfneut prevail in practically every
line of trade and manufacture in the
United States
What reason is there in the indus,
trial and business situation for
change in national administration?
What change couIdS better condi.
lions?
With labor and capItuARoth peace.
fully and profitably enjoyedSwIth In.
dnstry and bushes active, with pros.
perity at home and peace abroad,
what more can be asked? |
THE HEN. II,