The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-06-17


/ Improvement IN the business ~ the
mall order houses. Tho customers or
) IN" mail order houses nre largely In IN"
rural districts This shows that the
, farmers have again hCRun to buy. This
is very gratifying and is one OF tho rea-
sons for the continued strong stock mar
kct
Foreign Outlook Better
I owing 20 the change IN Tie foreign
/ trade situation and tn" sal" "f foreign
! bonds IN this country. sterling cX-
/ change Is much stronger. Although II
! may be only temporary movement. the
! whole foreign situation looks better than
! /, has looked for some time. Private
advlces tell mo that n settlcment is be-
( Ing approached between Germany Eng
! land and France. regarding the German
, repSraticns. II this IL so. II should DO
= distinct tmrotus 10 businer". both ny
rsu~ing Europe 20 buy from Mss coun-
} Try ard giving this country confidence TO
! loan Europe Although no change has
taken place In the Russian situation
, during the PAST week, yet signs even
| In Russia are favorable AT tho moment
For the FIRST time In many years. things
! took encouraging In Europe.
Tho strike situation In New Eng
! land IL gradually cleuring up. The strike
/ In Providence. - about over. and pro-
! luct!on In ali the mill cities 10 gradual
/ ~ 'ucrcaslnE. 1t Is believed that mills
will have AL the men they dosire after
! The Fourth OF July. mother factor
! helping tho mill situation ~ the fact
| that many OF the dissa listicd employees
| are getting positions elsewhere. There
| IS considerable demand for common Ia
! hor today. Many OF the striking en-
: plnyes from the textile and other mills
! have been able 20 get n satisfactory
+ wage IN connection with tho building
! md other trades. Thus, there Is very
/ little suffering OF Hardship in these
/ mill cities The qtrkcs may never hs
| officially declared off. They may be
ended by the mill owners securing other
. "mployes from the country districts.
! who have mover before worked IN the
mills. and BY the old mill workers get
| ting positions in other lines OF activity.
( The strike Is developing largely into
swapping OF Jobs So tar as the gen
cral welfare OF tho country is concern
| cd. this - az satisfactory as TO have
! the strikers 10 back. The average bust
ness man Is primarily Interested IN
| having people employed. and TO bust
ness as a whole. Il makes little differ
ence for whom individuals work.
Railway strike Prophecy.
Il prophecy mat the threatened rR't-
way strike wifi end by the men shifting
jnhs These men engaged in the main
I tennnce Of way. are largely men who
have not been able TO secure positions
! IN trades Under present business con-
/ 1ittons the cut is justified. these
| men could not secure elsewhere n wage
| equivalent 10 what the railroads are
now paying them. II. however. bus
/ ness begins 10 improve this summer.
md the demand for labor increases, It
/ ~ very probable that the best OF these
/ maintenance of-way men will get posi-
! sons IN the building and other trades
, while the railroads will import new
p OF Of men from the country.
For the past year or Two we have
seen in the papers accounts merely OF
waEs cuts Reductions have run all the
way from 10 per cent to 80 per cent.
with nm average OF about 20 per CcnI
. | should not he surprised to see SOME
, advances from this time on. The F!r-
stone Tire e Rubber company OF Akron.
! o. has already advanced wages 10 pc:
cent Other concerns which are tenn
, norarily short of labor are orferiNE
more money. 1t Is. however, Interest.
ing 10 note that tho labor unions wcr-
not successful IN holding up wages -
the time OF tho decline and are no.
is simply repeating itself. The law q"
supply and demand determines wage
no II determines prices II business
, begins to pick up this summer. az I an.
! tioipate Il will. the demand for labor
will Increase Owing to the fact that
immigration has been cut Off, this Will
! necessarily cause employers 70 hll
against one another and wages WIZ
again go up. for time at least. Con
p!der,nE a long period OF years into n"
future the trend OF wages may cortimua
downward hut temporary nptHrn
would not be surprising
Suggests Turn For Better.
"Tbc Rahsonchart on business condI-
/ lions Is setting in a very peculiar way
| and Is suggestive OF turn for the bet
tor within the next few weeks. Tie
time is fast approaching when one-har
| or the preceding area nf expansion Will
| no offset When this time comes. "
can he truly said that We have turned
Tho cornsr, This does not mean that
we are about 10 enter Period or pros
| ncrltv. hut It does mean that we arc
nm thc homo strrtch and have seen IN.
! ,rore, TIL RahsonChart Index TO-DAY
stands a, y percent below normal.
7,bia is due ~ the Increased building
which Is evident throughout the coun-
o,,d.,t thirty. Moreover, this building
hoo-n 10 only beginning. We may ok
/ ,act" concluded Mr. Babson. rea!
acarclty in certain classes or iapor our
ing the balance Of the year.
TOLEDO GRAIN.
- Ie-Wheat Sl2n: July