New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-04-11
NO HALT IN ST. LOUIS.
Financicrs and Business Men Al
Scout Idea of Depression.
- TeleFrarh b - Trihune.l

ST. Louis. April 1O.-St Louis hnanciers. bust
ness men and manufacturers disagree Win
James J. Hill in HIS reported statement thar
general business Is slaclnening up. As concerns
ST. Louis least, this is not true, they declare
ST. Louis has made more rapid strides 10 the
front since the Worlds Fair closed, in DeceIn-
Der. 1904. than during any previous ten years in
it's history The building boom, both in the
downtown and residence sections, has been phe-
nomenal and is stin in full swing The rapid
development Of the Southwest, especially the
new State OF Oklahoma. has had marked ef-
feet on the prosperity of st. Louis. which is
expected 70 continue for several years 10 come
l. D. KIngsland. president of the St Louis
Manufacturers Association. said to-day:
was much surprised to read a telegram from
New York stating that Mr.. J. J, Hill and other
hnanciers believed that business on the de-
cline The outlook for business Is as bright and
as promising as IL has ever been i'm the history
~ this section OF the country. In addition 10 all
this. ST. Louis Is looking forward TO develop
Tnent in water transportation by the establish
portation boats between ST. Louis and New
Orleans.
George II. Morgan. secretary Of the Mer-
chants Exchange, said: In every line 81 trade
and manufacture there has been during the last
year a large increase in the volume of business.
and preparations have been made for still
further extension in the coming year"
c. H. Huttig. president Of the Third National
Bank and the Huttig Sash and Door Company,
said
have the greatest respect for Mr.. HIS opin-
ion. and believe he IS about right In sizing up
the general situation. but in the territory tribu-
faFv 70 St Louis conditions are unusual. The
wealth created here in the last ten years IS the
result Of agricultural prosperity. and is we'll dis
tributed II n depression comes IL will affect
this territory less than any other in the United
States. Such a breathing spell in our activ1-
ties would relieve the strain on the money mar
ket and would ultimately prove very beneficial.
/ believe 70. a period covering a number OF
years to come the wealth Of the country VIII
continue TO increase. and slight trade depres-
slons should not be objected 10.
Walker Hill. president Of the Mechanics
American National Bank. said: There is no
evidence Of a depression in business. but. on the
contrary, it Is increasing immensely
James f. Smith, vice-president Of the Sim
mons Hardware Company. said: The future is
very bright. and we can see nothing in the way
of a large business As far our business is
concerned there is no falling off whatever. on
the contrary we are buster than usual al this
time of year"
The American Car and Foundry Company re-
ports orders on the books here for S0,91I cars
for delivery this year ali of which viii be filed.
cancellation of railway equipment orders, but
the order will not he cancelled Southwestern
railway equipment orders follow: Gould lines,
II 600 cars: Frisco system. 5000; Santa F'e.
1000: Katy 1900. and Rock Island system.
5000