Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1913-09-13
BUSINESS ANo &c ouTLook

pated IN the trade, ana the result WAS
marked advance Of prices The
crop is likely to be a million bales
snort Of last year, the crop Of which
vas couple OF millions below the
record crop The report on grain
conditions will De issued today or %
morrow, but me has been 10 i'm
portant rain in that part Of the corn
teit which has been suffer ~ from
a,tt ana drylsss az summo-
The New YORK stock marKe, was
. ak. with mo. activity in shares,
but at declines, and better demand
for bonds. There was a little furry
in the New York money market, call
loans on Thursday touching A IL and
time money quotations advanced
slightly The advance in call loans
is attributed to an unfavorable bank
statement Bank clearings last week
were larger than the previous week
or year ago, but weekly reports of
railroad gross earnings continue to
/. show small losses compared with
last year.
There are many indications that
summer is oyer, and trade is putting
on its autumnal activity Some wool
+ Ell mills In Northeastern Massachus-
I etts will run night and day. The New
England textile mills are somewhat
hampered BY lack Of operatives, but
more machinery is turning and labor
in general is we'll employed at in
creased wages in New England Man
ufacturers of cotton goods are sell
lug more cautiously on account of
the upward movement of the staple
The Improvement in copper consump
ton continues More furnace capacity
was in blast September l than n
month earlier, and the reduction in
production has been slight
In spite of the snortness of some
crops and the consequent decrease Of
business for the railroads. business
sentiment continues cheerful, The
farmers are going 10 have at least
as much mony to spend as they
would have if all their crops were
bumpers Consumers will have to /
pay higher prices, aud there will be
rather less freight. but the wheat
crop is very large and some OF the
other crops are liberal.
The recent improved demand for
copper is maintained Steel prices
are stationary. and price concessions
are only made by small mills which .
need to get rid of surplus stocks. Pig (
iron production was only a trhe less
In August than in July. Two large .
new furnaces have been started in .
the Pittsburg district, and the capac-
ity of furnaces In blast is increasing
Markets for pig iron. bllets and fin
ished material reflect the readjust
ment of values that is under way
Contracts expiring are in some cases
renewed at 10 per cent advance.
Steel Building 8 checked by the con-
ditions OF the money market Build
ing loans in the metropolitan district .
of New York are less easy to secure
Railroad work is held back. perhaps
because the net earnings are not
making the showing desired by man
ayers Buying Of tinplate is light
There are Inquiries in the market in
the Central West from steel compan-
les and makers of agricultural inn /
plements for 10000 tons Of pig. most
ly of s,eel-maktng varites. for this
years shipment.
Cotton rose $3.50 bale on the
crop report Late ia the week there .
was a sharp decline iu expectation OF +
the tax on option trading. Wool .
prices in Philadelphia We're firm. VITA .
fine grades scarce and higher Wool .
sales in Boston have not been very
heavy, but there has been good
tone manufacturers are in the mar.
llet and, while prices are low. they
afford Il proit All branches of the
dry goods trade have been active and .
August sales We're up TO expectations. .
Cotton goods prices will be advanced
pn account of the ,.se In ,he staple
Yarns have already advanced Tie
excellent demand f1r print cloths con
tuue- Wooden and Hors.ed dress