The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-06-12
BUSINESS CONDITIONS SHOW
CONTINUATION Of IMPROVEMENT
Steel Trade Situation Very
Good, Automobile Industry
at Peak Production, Crop
Prospects Excellent, Money
, Easy.

New York. June ! tt BS Inc NSS'-
r,a,ed PrcssD Continued Indications -
industrial imp ,vemeut. signs Of cas-.
ness In money rates and diverse toSH-
,rorv as to crop conditions are n" feat
urcs IN business and finance ot tho past
weak Commodity prices st,ll show =
nrmrr tone. retail trade is about what
might DC expected at this time OF year
and the labor situation shows no dc-
cided change.
,I,oyc,bcr tho n,cuIrc continues 70
hs nrn Of gradual but fairly Stead%
.cooyn-, from drnr>Sstnn. a recovery
- ,act vrhirh on Tho whole exceeds cN-
,,o.,,s,,ors rn.ertaiu.d earlier IN ths
r..o,t -.
from inc .,'"u'V "' 80 -. ar,
ports Sho" '""N '"7 n,,>a-n
siii' operating az r"u'S ,,,,. oror,ticrs
'2totN'iE WIN ~" >". 49, -, ,a,, cor.
before ~" war -She" Z ~ , ,-os.r,
respond 10 on'E - per >'"' - .rc
capacity Stes' P''''S ~.
most OF w" t""iP''''' "''-
making modest rro''S
The value Of buiidinE contracts ieI
IN twcuty-sCNCn northeastern states
during May 1T new high reroru ioE
aI time. and was 9lN limos greater '"""
;hc monthly aSCraC" during lS'i'
At Peak Production.
AutomObil" production during wa:
also exceeded all previous rceoruS' wn,.s
the steel companies report Increase" "t
nand from manufacturers or a%ricut'
tural implements ''a''ro'o car 80
ings rose in the week ending May p 10
a level comparable 20 that prevailIaS
I before the coal strike. and the move
meut Of merchandise WAS 10 per esh'
greater than IN the Same week SeN'
ago. Orders for railroad SuuipmHht con-
,inuc to DC placed In satisfactory VOL
umc
Latest reports from tho northwest
Indicate meanwhile. that the prospects
are Mr. good wheat crop -\'"o"H"
late int starting. recent eNcc"uiheiH Wv
NorahlC weather has brought the crop
along very RAPIDLY. The showing 's
amply confirmed by the governments
crop reports Hs Of June ]. when lh"'-
Gates 4 Weld Of S55.No".oOo bushels "t
spring and winter wheat as compared
with an cstimat" II >S'.oop'oo" h"She'S
year ago and an actual p'"d"'''"''
last year &C T9j0cnOOO bushels.
sPrlccs Of wheat TOR future "e.'N''f
. have. to Il. sure. declined sfarpN III
the last few weeks. but thus - attrINuS-
oil In most quarters I" the Collapse %
the attempted speculation TOT inc E''t
in the May option rather IMAM 60 M!
thing disturbing IN IN" G'her"' S''""
ton. In any event u i'rcra' suppl! =.
grain al fair prices IS cNhS'u'''" "
hold out better prospects lot Etne'"'
huSl""sS. than snort crop ~ NV"
prices.
Cotton prospects
on this basis. cotton rr"N'cH ~
not 80 encouraging. FLOODS nave MlH,.,'
out important growing areas !" Nv
southwest while the mlia winner "''''
wet spring have aided IN" o"'i "'tN''
and delayed planting Fur'her to'.s
during the past week IN many paris oa
the belt caused something r'sen'oiI"I
a crop scare. As result pE'NcS JuIp
10 the highest since Octoher. ing lca"-
. Ing futurcS crossing 2 '"hb
Whether prices VIII r.Se 'ur'"eF ~
aiscourar" consumption remains 70 10
noon. II - CO.. ,""'''r. '". ~, , ,o
consequences Z"
mitigate" ny ~ CIV -
over. when mas o"cn '''..'t' !" NsP,
imatcly normal. LIQUIDATION III t"''
carrN-or"r a. existing h'Eh'r P'''s'
should create Con~ocra''' "uu'u N''
umc OF purchasing power
Money Easy
\ rolsNalI"u "t money rates 40 ~
York during the week Suggests nav l'''
ligh;"'rTG ""'dSioh"d ny O"e
ticnS ccntefin- ar"nn" june "''
raised and 'hH' th'''. ~ no c,'""f' q"
20