The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1907-09-09
THE FINANCIAL AND CONNER
clAL OUTLOOK

time addresses indnirie to q great
mass of busInes correspond dents,
throughout ne country 81 70 the a,
nanciai and commercial cutlook, has
given ont the result Of its inyestlga.
tons this year
The report Is based J1po1l answers 70
some thirty thousand inquiries sent
10 bankers hustness houses and crop
authorities n al the States in the
Central wsst South, South
west and Far and inquiries were
also sent q bankers and business
honses il thelarge cities ot the East.
AL he PRESENT jtincture in finance,
and Will bic present apprehensiye
and uncertain cling over credit con.
dIiions' die e tie Wall street situa-
lion, me conclpsions Of tits INQUIRY
are oi exceptionally high Importance.
The following s. from the text Of the
reports
= = { = 4. Z ! Z y
The oTerEhelming preponde rance
Of evidence 81 that the business sit
uaiion is sound and satisfactory. Not
one Of the thousands ofreplies mega
lives tbis conclusion IN definite terms.
That there MS been q marked easing
down rom ne tension Of the spring
and winter months u the year is gem
orally admitted, hut 1t Is admitted
without atraee Of regret or misgiv-
ing. The countr had been rushing
ahead at whirlwind pace until the
tax On credit and capital accumula-
lions compelled d respite. The de-
mand ior FOODS meet instant needs,
Or to replace other goods destroyed
by wafs arascalamities, RIO provide
for ne certain needs Of the future,
has been unprecedented. To meet
this. ii LAS been necessary for the
manufacturers and distributiye agen.
cies 81 TIE entire world to employ al,
most every Available unit Of money
and 10 nut into action every poten-
tialIty 81 credit. The result is too
iamillar toalt men Of affairs to need
cxnp tiioni
glie banks of the country, with few
exceptions ID the Far West report an.
extraordinaFg demand for funds in all
lines of business activity. Interest
rates are seFy firm everywhere, and
III the central reserve and larger re.
serve cities the inquiry for funds SO
mich exceeds the supply that money
is descttbed as very tight" The
rnge ofopr estigation justifies the
cepclusions that bank deposits show a
sttaIsht average increase Of about
per cent, against a similar aver.
age Increase Of t0.s per cent. in the
Ieans The8 averages weighted ac-
cording 81 the relative magnltudes of
the totals would probably show q
closer cortespondence between the
gfowfh otsdeposits and Of loans.
ON reports are unanimous in say
ms that the prosperity in every line
q business during the last year has
been saperlRttYe. The vital question
iieh every one is asking has to do
WIZ NE future. Is the wave Of pros.
petitg ili5Flsing or have we reached
ME ctestand begun the descent to
MORE moderate conditions? The an
swet till question Is bound up in
the factors which enter into the credit
cpesationsSot the people,
TpoFts we have received indi.
cate 4hatsb y. all the tests we have
Nom sonsd the credit situation on
which all else finally depends is
qlnd II appears that there is a
iendenr tnmany lines to take a slow.
e. pace HAN we have been accustom-
~ ~ hEGsSflk ~ 49,. ~
IL General II seems jushaable to
cenci1de from the data at hand that
erg tnfther SLOWING; down Of business
viii Ne accompanied by moderate re-
cessions tnlthe prices Of raw materials
without any serious decline in CON
sumpsien due to decreased purchas-
ing powers and that the recessions in
Prices Rillsproye 10 be encouraging
miner ttiaS discouraging factors in
the trade situation. The stability
81 goods ia far AS it Is Affected by
consumptiSeI demand, purchasing pow
en- ana Feasonableness Of prices,
shows no Indication Of declining for
ihe neSt three er$ four months at
least andthisj broadly speaking, COW
ers ne petiod 81 usual stress as far as
bank eFea!ss are concerned.