New-York tribune., 1908-08-21
NORMAL TINES NEAR
Chicago Bank Reports That Cond'-
tons -4re Groscing Better.

49,. Commercial National Bank OF Chicago, OF
,4ich George E Roberts, formerly director OF
.te United States Mint is president. has made an
1hsr,srive study Of current commercial, financial
- sg--n conditions IN the United States. and its
~orclusions which were made public yesterday,
.,s.ffv tfe belief that return of normal times is
---ser way From its agents IN the agricultural
sacrson OF the country 1t finds that while there
Iii not be bumper crops Of wheat. corn and other
.s,esls the yield viii not be below the qaantita-
Eve yearly average and based on the reports OF
..s correspondents it finds that stocks are now.
ssnleted n all lines and all hands from the man
,,fsrtrlrer 10 the country store Wear and tear
,,.1e been going on as usual; replenishments have
been barely enough to meet absolute, immediate
-,ecessities Even in the farming regions. where
xverrbody is prospering. retailers have stocked
,,p only spzringly, buying from hand TO mouth
Toe bank says:
with the harvesting and movement Of the
Sbe farmers there must Inevitably come general
urofts eT the year are, or soon VIII ee, IN mana
80 there will be q strong demand Tor articles
Of necsssitx e5le io+ t3,oe IT,. -1roSees ~ re-
stocking stores throughout the farming area Is
sens se-nS gc1fVe ana profitable The important
1nU 1nU. : yi1e+fe- +Fe scfiI-itv thus SET iIp will
g ,sp+zired after the crop movement ceases
7e-ge majority Of correspondents believe that
= vii ana that the year 1893 viii be prosperous
and active. though not boom scale Pres
nt ndicaonS As TepoTteq ey qde e sens seRg are are
finding a good sale The. signs decidedly favor
-Fa onirto- that next years trade VIII be OF sat
isfactory volume in all mercantile lines
The summary complied by the bank says regard
ing financial conditions:
since normal banking conditions were re-estab-
lished following the panic the financial situation
F7ss been working steadily favorable to re-
7r-ioT Of Industrial ACTIVITY The country banks
now generally report deposits about where they
we're year ago, with q good demand for money,
but they are carrying stronger reserves tnan lasL
zea- In the cities there IS an accumulation OF
funds with abnorn1slly low interest rates, ana
-nuch money unemployed. Savings banks have lost
deposits since the first Of the year. partly through
ne necessities of wage out OF employment
sn5 partly by Withdrawals for investment in Sc
-u-5-ies but are now holding their own. NotWllf-
Standing the disorganization Of industry, and the
-srr that the couutrys productive forces are BY no
-1sorS 4r7IjZ eranlovad there is unouestiorabIy q
1r1err Few railway or industrial corporations have
defaute6 upon their bonds. and, a rule, they
have been reduced outside Of lines that have sut-
fered exceptionally, the business OF the country is
on prodcable basis. and the annual accommodations
Of the United States are now very large.
The farmer has come into his own in the last ten
years For long time the vast ar area a OF enc cneap i
lands open TO settlement and the rapid increase IN
farm acreage held the remuneration OF the farmer
cow -
recent years lhe NcIlQ : popOIdli5l -10S ea--ieuI
pou food production, the most available lands are
occupied and the new supplies are grown at higher
cost As result the farmer VINO Is the fortunate
7,ossesso- Of land in the Mississippi Valley any
other rich and eligible location now has a hand
some margin Of profit This is true not only Of the
grower Of food products, but of the producers Of
vooi and cotton. and the advantage TO the country
Is particularly noticeable IN the Of the cotton
grower because so large a share Of that crop IS
5s-~-s- single class in5usf-iallv in the country
There has been 10 cUrtailnent as yet Of its in
come. and hence reason why its purchases
should be reduced. and with crop prospects and
fa- N least another wear to come not too
uucr say that # the railways to-day were
are-aee during the last three years business conol
15lls the country over would be practically normal