The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-07-03
HOLD
WEEKS GAINS
Returns Prom Industrial CeneerS foF
Lart week Bright

New York. July Cry The As
ISOLATED Press)-While the usual uh-
certaInt!es Of the season and -"
Others of q special character nave uo''
mated tho country's markets our'nS
the past week, returns from lndus.''"'
centers continue good. steel pFou"0
ton has maintained its latest gains
railroad car loadings have reacheu "
new high Lowell for the year and repor'S
from a number Of centeTs mention init
active competition for labor De'"est
makers Of steel automobiles anu ra4'
road equipment on tho one hand. ana
tho building trades on the other Allow
inr for the coal strike, which naturally
arrects tho showing OF railroads serV-.
ing union mines, the May earning
statements Of the carriers, which are
now being published testify tosa furtner
gain in the volume OF traHlc.
Regarding the seasonal uncertainties
principally those relating 10 the rs"
crops, little In the way OF news ha'e
developed Fair weather in the cotton
belt improved crop conditions someWhat
and took the edge OF the minor crop
scare Of two weeks ago. 1t also re-
suited in the cancellation OF the coz
responding advance in prices, Interest
IN the trade has centered in tonorrow's
government crop report. private esh-
mates favor!ng a condition In the
neighborhood OF IS per cent I've
amount OF damage which the ~eeVi'
has had an unusually favorable start
and may accomplish accordingly, tho
ultimate size Of the crop, remain largely
matters OF conjecture.
wheat Prees Stneu-
Wheat prices stifrened slightly part
nf Gmaller sun
plies from cash commodity and partly
on disappointing threshing returns
There were reports also. OF somewhat
better foreign buying. In the course RI
faltering rally. tho July delivery
reached the vicinity OF s1.15, but the
market was thin and uncertain, az Is. m
fact consistent with Its better crop
character. good yield remain In proS'
meet and NAL lorder business Is picking
up well.
Despite furries IN call money whic l
carried the rate on the New York stock
exchange as high as Ave and one half
per cent. the money market still holI
at the low snvels Of the year. This dis
turbance In call money. a form c. &C
comodatlon which Is extremely sensl-
tive to temporary influences. Is general
~ attributed to special demands con-
neCteQ Win the emu VI lHe HIot ho'A
year. The best observers expect pro-
nounced ease again In July. Opinion
Is divided az to whether the price of
money already has touched bottom or
whether It may still 20 slightly lower
before taking an upward turn.
watch Coal Strike.
Developments In the coal strike are
now commanding close attention Stocks
Of fuel are dwindllng and demand is
growing. Some quarters point out that
the delaying OF n settlement for an
other month or two might occasion
car shortage later in the Autumn. The
uncertainty regarding soft coal prices
Is meanwhile. producing corresponding
doubts In related markets. Production
Of hituminous at non-union mines has
continued to grow but still falls short
Of normal demand by at least two
thirds. Anthracite output remains
practically nil. All parties concerned
appear to be growing more anxious for
settlement. n circumstance which
ravors a successful outcome for the
conference called by tho government
In contrast to their attitude regard
ing the coal strike most financial and
business quarters have seemed but little
impressed with the possibilities en-
braced In the railroad walkout-