Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1907-08-01
EDITORS OF BUSINESS JOURNALS
UNITE IN OPTIMISTIC VIEW OF
PROSPECT FOR CONTINUED
BUSINESS ADVANCES.
INCREASED DEMAND
FOR MONEY NOTED
BUSINESS RECESSION, THEY
STATE, HAS BROUGHT INDUS
TRY BACK TO A HEALTHFUL
PACE, DIsPELLING DOUBTS

New York, July 30.-Prosperity is
here to stay. That is the verdict of
the editors of large number Of trade
journals, each of whom Is an expert
In his line
| Because interest rates are high and
because here and there has been a
slight let-up in the traffic pace OF an
industry some pessimists have been
predicting serious depression. The
trade authorities point out that the
scarcity of money is an evidence Of
the activity of business, which In
creases the demand for money. Some
industries have been pushed beyond
natural and reasonable gait and a
slight recession has merely brought
them back to a healthful pace. The
trade editors have put their opinions
| in the form of signed statements for
publication, and following is the gist
of these statements:
II. C. Wateon.
| editor Of Dun's Review.)
All standards of measurement agree
| that there is no retrogade movement.
Eliminating the speculative element,
as shown by sales of securities. bank
exchanges at the principal cities have
surpassed last years, railway earnings
have been larger, bank failures have
been fewer and prices of commodities
advanced more than can be attributed
to speculation These four yardsticks
are unanimous in showing that no set
back has yet occurred.
1 The very lack of money is 1ndisput-
able evidence that business is active.
There is little excuse for pessimism,
especially as frequent reiteration Of
lcalamitous predictions have thus
far failed to unsettle confidence. The
monetary problem will gradually solve
itself, and there is no other serious
feature. Natural resources Of this
country are insigniflcantly developed,
as compared with those of the older
nations, and the future holds far great
States than have been attained in any
of the phenomenaliy prosperous years
Of the recent past.
Robert n. Mccready.
| (Managing Editor Fabrics, Fancy
Goods and Notions.)
The notion market is in such shape
that every other question is subsidiary
to getting the goods. That this con-
dition will become ,sore acute as the
season advances Is practically GER
tainty Cost of raw materials Is no
longer the paramount Issue; the diff
Guilty is to get the goods made up.
There is no surplus stock anywhere In
sight the mills are far behind on Dr.
ders deliveries are being made in suf
flcient quantities for immediate needs
only, and the prospect of any slump
in the market is absolutely eliminated
for long time to come.
n. s. Voorhis
editor American Silk Journal9
Nearly all the silk weaving mills
have increased their manufacturing
capacity by adding new looms and the
great problem is not so much the sale
Of goods as obtaining weavers capable
Of turning out the right kind Of fab
RIGS. Selling agents and commission
merchants in Green street, the New
York silk market. almost invariably
say they could sell ten yards of silk
where they now sell one If they could
but obtain the goods.
p. H. Jacobs.
editor Implement Age, Philadelphia
In all lines, grain seeders. grain har-
vesters. grain ana plow cultivators,
harrowers, potato machinery, imple-
nents farm wagons. etc. the demand
has exceeded the supply. Manufac-
turers report but one difficulty-thsir
inability to fill orders-and this COM
plant comes from every section Of the
country.
T. Edgar Wilson.
editor of The jewelers. Circular
Weekly.
Silversmiths, goldsmiths, optical
manufacturers. which manufacturers
and importers report the prospects for
the fall to be very bright. Despite
the fact that last fall the manufacture
ers could not supply the demands
made upon them, they expect the bust
greatest In their history and to far ex-
coed Its predecessor
w. e. Price.
editor The Publisher and Retailer.)
In the general publishing field it is
an accepted belief that never before
have the conditions been so broadly
satisfactory as during this year. The
outlook Is for continued Improvement
For the first time in more than twenty
years there is an increase in the mum.
Der of book sellers.
II. J. Schnell
editor Oil, Paint and Drug Reporter
Conditions during the current veal
covered by the Oil, Paint and Drut
Reporter. have in many instance!
proved of unusual interest and occa
sionally have led to remarkable re-
suits. Business as whole has beef
exceptionally good, and at conserva
tive estimate from Is to 25 per cen
better than during the correspondent,
period Of 1906.
Robert }. Patterson.
associate Editor American Hatter.)
The mere statement that the trad
generally is prosperous is indeed
tribe one: the fact is. today there ar
I no indications of any let up in tn
demand, and merchandise being manu-