The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-09-18
THE BUSINESS
SITUATION NOW
NEAR NORMAL
BIZ HENRY CLEwS

New York, Sept. 1.-THE 'onunEci
ncws or excellent and assured crops In
nearly every line has naturally exert
ed a powerful and stimulating effect up
on market conditions. This has hc"h
aided by the steady recovery in the steel
situation which has considerably sur
passed current predictions on that score
At 4 good many plants II would now
seem that output Is back To leNc'
OF approximately 60 per cent or capa'''!
while the movement OF steel products
has been very satisfactory. The APP
pearance of rail emharGo"S during the
mast week may Interfere with this pro-
gress for 4 short time. but is not likely
70 he a permanent factor. y favorable
tonnage rerort indicating untitled orders
Of nearly 1000 900 tons for the Ihlteu
States Steel Corporation WAS fully lo"'-
200 tons better than the market had
been led to suppose. and shows the I'M
deriving strength OF demand in great
MANY basic Industries Talk OF smut
ting down factories for want Of fuel
has largely disappeared and there = 4
very decided shortage in nearly every
line OF industry. Upward tendencies IN
nrIces continue and it may be expected
that price indexes Cor the rest "t tho
month Will tend toward higher l"vcf"
Increase Of Buying ROVER
Important announcements OF wage IN
creases IN the textile regions must De
classified with the advances III steel
wages already announced. indicating as
,hev do the satisfactory increase of buy
ing power In I considerable NUMBER OF
,mnortant branches OF business. The
strength of general buying power mas
already made itself evident IN number
hnS rho on Z
OF retail trade indexes. This is now
being para,lelcd by a corresponding I'M
provement in the wholesale trade out
look which points to very heavy de-
uand for goods OF ConSumablc character
The farmers increase in buying powers
had already become we'll confirmed DUR
ing the past spring nd summer. rs
A result OF reimbursement in agriculture!
Industry, accompanied by Improvement
in prices which enabled him TO settle
his obligations at banks and also 70
make a stronger demand for GOODS. rms
better outlook Is now extended INTO
the industrial field owing 70 the improve
ment In wages which has been going on
there and which now affects coal steel
textiles. and In certain sense rails.
thus making n very large element IN
the population much stronger in the
buying sense than ever before.
Market Review and Outlook
A distinctly larger volum" ~ husi-
ness has been transacted on IN" Ex-
change during the past week. This has
been accompanied by rather greater ir-
regularity, doubtless due to the fact
that the trading element Is now work.
ing on both sides OF the market while
tho public Is fairly We'll LOADED up
Market dullness Is usually an incentive
to some traders to lean toward tho sh"r:
side and at present this IS 4 feature
Of current conditions. Judging from day
TO day sales and from the increased hor-
rowing demand for stocks. While the
public arc showing less enthusiasm with
respect to the market II has been dom
onstrated on several occasions OF late
that plenty OF buying orders appear
when stocks are raid"h and this Will In
all probability continue 10 b" 4 feature
In the immediate future. Eventually,
Of course, pool managers who have
stocks on hand will cndcavor 10 mark
them higher before attempting to make
n ANAL distribution. For tn" time being.
however. the market l. likely to con-
tinue TO be q two sided affair.