The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-10-10
Survey Of Business
Conditions Made By
National Credit Man
Country VIII Return to Sound Trading
Basis Eventually.

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A survey of business conditions as
related especially TO commercial creo'i'
made by J. H Tregoe. executive mana
ger Of the National Association ol
Credit Men, was received last night BY
W. B Downs. secretary OF the Wheeling
Association Of Credit Men.
In II the observer declared that the
fundamental Improvement IN business
noted a month ago has not been az
fected unfavorably. though there have
arisen in this brief time some difficult
complications. In part. he said:
II discover confused sentiment IN
some places bordering on the pessimist!c
and In others. making broad swing
in the opposite direction. We must be
watchful against committing errors Just
nov. Therefore. say emphattcally
that We are not bordering on boom.
There IS nothing in the situation at
home or abroad that would suggest one.
We must struggle hard to MAINTAIN the
improvements we have made to neutral
ize the present complications so FAR as
human powers permit.
Wheat Crop satisfactory.
The wheat crop has been dlSappoint-
Ing as 10 yield and price. This shows
that values cannot be added To by leg
H.. u
Should be higher. hut we are competing
with fine crop in Canada which, to-
sether with the reduced purchasing
mower abroad, affects the price Of our
own Weld.
There Is much speculation about
the cotton crop Il Will undoubtedly
be short Of original expectations. The
carry-over may he dangerously reduced.
This condition will affect the price OF
the staple but not 10 the point that
would happen If eXpOr, conditions were
more favorable.
in that active market conferred IN
Ohio. We find sales OF textiles and cleo
tr.cal lines showing some little change
for the better with improvements gen
eral over earlier months. Collections
IRE spotty. better IN some instances
worse In others: failures decreasing
basic costs !ncrea sing. and production
costs 6ecrSa sing IN some instances.
Prices are unchanged with some and
higher III Others The outlook in this
market runs from promising to low.
Employment shows No marked change.
TN the furniture industry. $ sur
veyed in one OF its most active markets.
there IS a marked increase over last
yea~ and the earlier months Of this
year.
Footwear Production Increases.
IN another active market we fnd
the production OF footwear showing an
increase over last wear and the earlier
months of this year.
in metals. sales increased over last
year and the earlier months Of this year.
In paints and oils. decrease from
last Year but increase over earlier
,c h. n
significant facts just now IS that TN ;
general price level has advanced - per
cent above the level of August. 1921.
This Is a complication II is unusual
IN normal periods. I, - a strain on the
Improvement of fundamental conditions
The cost of living on :he whole, how
ever. has altered bu: slightly. and Tor
the reason that prices If some food
stuffs have declined but little. Con-
struction IL still active. there was Il re-
cent lul. hut the movement OF commodi-
ties should accelerate construction. and
a great many contracts have been
awarded"
As the above survey indicates bust
ness failures have decreased. We are
now fairly We'll stabilized in this re-
spect.
The railroads arc reported to be plac-
ing large orders for equipment. This
should have its effect on the produc-
ton OF certain commodities. Car load
ings are reaching their greatest volume
OF business for the year and far ey-
ceeding the loadinCs OF the same period
of last year.
Throwing all these facts together, we
cannot but forecast ar active fal. bus
ress. though the pern?anenoy of Il an!
tho future Will rest on the wise hand
ling Of present problems We are St,:l
confident that funda mentally tho In
provernent holds and that We shall re-
turn eventually 20 sound trading cond!-
lions.