The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-09-04
CAR SHORTAGE
SEEMS CERTAIN
Even II Roads Have Situation IN Aano
BY October, Pinch VIII be Felt
Anyhow, Say Experts
Losdings indicate That Sort Coal ITO
duotion Is Rapidly Returning to
Normal-Bustness ooutlook

New York, Sept. 3.-Developments IN
the coal and railrods situations and an
.iolpations Of the nature Of fall trade
have occupied the center OF the business
stage during the past week.
Car loading figures indicate that soft
coal production Is rapidly returning 10
normal, or TO distinctly encouraging
leyels. Thus incomplete figures sug-
sest that tho total output for the week
will run we'll over 100000 tons or per-
haps close to 100000 tons. This
rate compares favorably with normal
weekly averages.
Increase In Loadings
Reports on the general movement OF
railroad traffic shows that recent rates.
which approximate tho most OF the year,
are being maintained Total loadings
for the week ended August 10, tho latest
for which figures are available. are
$4,000 oars, which represents an in
crease of $3.50 over the preceding week
and 41,07a over the Same week year
ago
II Is still too early to measure the ef-
fact Of the growing soft coal movement
but usually well-informed quarters see
no evidence OF the movement In general
merchandise being affected to an I'M
nortant degree as yet. ON the other
hand, il Is felt that resumption or
anthracite mining. added to the crop
carving burden. will impose a severe
strain on the transportation system In
This connection interest centcrS on the
railroads attempt to put their sh"p
forces back on normal basis
Oar Shortage Certain
Even II the roads have the situation in
hand by some time In October, II Is
thought that n oar shortage is inevitable.
The concesus OF opinion seems TO be.
however, that the car shortage will not
be so serious as 10 retard the revival
IN business. 1t Is also doubted whether
II will cause general rise in commodity
prices, although opinions on the point
are by no means unanimous.
Agricultural prospects, remain re-
markedly little changed. The depart
ment OF agriculture's September cotton
report reduced the condition from I0s
par cent in the previous months figure
10 81 per ocnt and cut the estimated
ytsld from ll,4g3,uoO bales 20 l0.J1J,O0O
bales.
The new figures were slightly more
bullish than tho trade had expected but
mot sufficiently SO "a I" prevent profit
taking. As result. cotton prices were
q little changed.
wheat Fluctuaing
Both the prospective crop ard the
carrvoyer are short. but a conservative
view Is taken on the willingness Of both
domestic and foreign sp!nuers 10 but At
the higher prices. Wheat futures con-
tinue TO fluc;uate slightly above the dol
lar level at Chicago, and these prices are
taken 10 tndica,, conservative purChas-
ing Of genera ," "chandise on the part
OF farmers
The comm.c.'y markets and that for
foreign exchange reacted we'll to an
nouncement by the reparatiOns commits
sion that Germany has been granted a
six months postponement on this fall
reparation payments. Il is considered
that a major political crisis in Europe
has been avcrted but that the repara-
lions difficulty sim remains to be
grapplcd with.
While the fedelal reserve ratio is how
ing a slightly recession. Il Is felt that
this circumstances IS explained. In part,
at least by the approach OF the Scptcm-
Der holidays, No sharp change in
monetary condltlols-ls--eSpsStsd.