The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-12-18

New York. Dec. l7.-(By the ASSoc'-
ated Pressl-Although the more SpsC-
tacular deveionmcHtS III last Ween :
tuancia markets took place am"Ae ''S
foreign exchanges. reports on lhuuN''I"'
and trade conditions cUn;.Nu"d !" ne
satisfactory. In III" steel industry t"e
years hes. rate % activity : '"'"s
maintained. and consumers are t"N'''"7
,hai- rc~uuircmCnts for ,hc first quarter
OF the new year. itg iron prices ar
s,cad.r- and good buying fr"m manu-
racturcrS OF radiators and sanitary
ware is taken 10 :rGtSat" 4 r""hH"aI',"'
- hutldiaS operations on II !aIG" sac
Soft coal production ais" - h"'d'hs
~, well and the easing e III" s,raH on
pho railroads as Il result -; tH' H''""a'
scasoual tendency IS reflected tE Az,
other raj! in the tota! excess "e"ha"'
for freight cars. According I" tAS '\"-
erIcan Railway Association. thiS nsur'
stood art $4,000 cars on November ~
as compared with 1I4."Hn on November
s. Loadings % weight any con-
,inue TO run far ahead - the pest per
fo~ma2ce for this season IN any otner
year. .
Trade reports. too. add their wore OK
encouragement. Holiday o"SthS -
strong aud is interpreted rs tndl''''nE
Irc-EQN sell pfslllC pNa
S,,ch a condition is. ~ course. c"nSf.t-
On. with the ful, employment "t work
c-s which : now in evidence IN most
sections Of the countcy. y distinctly
cheerful tome IS apparent IN business
circles. although < Is reatIe0 i7"> >"'''
Is SIN reason for exercising prudence
Ard self control.
Commodity prices or" NrT. cotton
has rallied back close "a IN" hiSh prices
~ the ycar. although y" departments
~ ogr;culture'S tinal crop estimate
n,a,es the ,o,ai at ?.96t.0co bales. wh.Sn
+ nearly one milton bales more tha'
was talked ~ when prices were AZ 'h''E
previous peak.
Meanwhile il = stated that ihrrc-
quarters - the crop has been S"'i ny
.hc producers. and since good prices
have been received and the C">S 9" pro-
duct;on was low. the position ~ '"'
south has been very greatly improve"
I, grain, the weeks rally cA;rsra
whea. AID corn prices ~ new NIX"
marks for the year. December WA''I
touching sl.25ts ari the same de4'Ne'E
Of corn reaching - cents. '"E .,
mis- rise was due - 'aiN OF tA''''H."
v-ed:; facilities for farmers ana SNP"'',
orc hr. par, IS a r"Su,; o. tho !nhereat
S.rNnCth n J II SaN'tN'N"' '
lions Of reduced acreage and low ON
alto. and nc weeks government report
ON me rew crop. II Il event '"'
.,ruer = pr0i,ing by the rise IN prices,
Desnit. The expansive o. industrial!
,,S ,-,Ir activity, money rates roman"
relatively low and barking reserves
still sand At 4 high p"iHi Inc ~!
condition OF the money uarNct an" '"e
suonth-workinC Of the Country'S bank
irr system are testified :" De the ao-
sc,re ~ arv disturbance on inc I'm
dn, Z, when the government turned over
approximately one billion dollars N con
r~ec,:on with its redemptions anu tue
tax collections.
Roads are displaying slightly hfmer
tone and money - expected 70 oe P'e">'-
:ul over the y"a--snd.
Tn. week was "rI>nally productive
% Interesting hut unreliable rum"Ts
In Wall street. \ sharp rise IN sterling
which amounted 70 over ten cents IN
Two DAYS. drew forth n story OF a large
British loan in his country. wn!ch was
oui,s without foundation. Actually
steriinC's strength seems 20 nave oeen
On. 70 a special nop-gorernHnsAt oe'n"'u
,o- tina. currency which came At a time
when supplies were scaaty. SUMMARY
rn0nr:S were PIT n circulation % 4"
huge International loan 20 Eer'nanS
Ru, ;a.S. also found no crsoeace IN
ia, hesr Informed Quarters. II - clear
M, -Mn administration feels that some
,h.nS should pc doa. 70 s,ca!Ghten our
.ro F,-n,a,n situation. which is conSid-
red ~ most observers I" have an I'M
.n..,,. hearing or our own country
I'M. g.. would appear that definite meas
-,n,rE- 10 be decided on.