Evening star., 1911-08-28

however see the coming autumn and Win
ter as times Of prosperity.
Outlook in Chicago Bright.
CHICAGO, ILL.,. August 2S.-Current
business conditions in Chicago and vicin-
ity, although not entirely satisfactory.
are considered fundamentally healthy,
and the outlook gives reason for encour-
agement. according to the view OF local
bankers and business men.
Despite the government report on crops
there is disposition to place much reli-
DAYS ago by George N. Reynolds. presi-
dent of the Continental and Commercial
National Bank. which puts more cheer
full face on the crop situation. The
banks report. which was based on con,
servative estimates by bankers. railroad
oficials, business men and farmers, esti-
mated the total wheat yield at 642. Co.,
900 bushels, compared with about 600
100000 bushels. based on the government
returns. The banks corn estimate Is
2.S2S,OOO.O0O bushels. compared with
262OOOO.00O bushels by the government.
Chicago bank clearings have of late
been more nearly approximating those
OF q year ago. This is taken as an evil
dence Of a Strengthening business condi-
tion. The weekly reports of the large de-
partment stores, too, Indicate a freer
hand in country purchases. The mer-
chants are looking forward to good au-
tumn business in seasonable fabrics.
Increases Of nearly $2O.COOOOO in time
savings deposits In Chicago in less than
. year are interpreted as the popular ex-
ercising of the same kind of economy
that has been put into effect In the ad-
ministration of western railroads and
corporations.
'.True Prosperity" in Pittsburgh.
PITTSBURGH. Pa, August 2S.-The
end OF this business week found Pitts
burgh and her envirans actually using
again the word prosperity" in their
commercial vocabularies. This can be
laid primarily to the assurances given
here by J. A Farrell. president Of the
United States Steel Corporation. that
this section need have no fear" Of
being displaced as the steel and iron
center of production. Shortly after
Mr.. Farrell visited the corporations
of them-Duquesne. Clarion and Home
stead-had sufficient orders to warrant
putting them on a full time schedule
for an indefinite period.
The secondary foundation here is the
fact that Pittsburgh has begun to real
ize her so-called South American ambi-
ttons. inasmuch as q local firm received
the contract for the building Of four
teen steam vessels that will ply the
inland waters Of the lower continent
Realty values have been on the up
ward trend in the last few days.
Cotton Prospects Encouraging.
ATLANTA. Ca. August 2S.-with the
best cotton and cereal crop outlook Geor-
gta has ever known, business conditions
and prospects in this state were never
brighter. Buyers for many Georgia mer-
chants in New York have been instructed
to 90 the limit on the theory that money
will be plentiful One dealer has ordered
$50 medium priced automobiles for au-
tunln delivery.
II have never known business conditions
In Georgia and surrounding territory
brighter or better than today said Asa
G. Gambler, manufacturer and president
Of the Central Bank and Trust Corpora
ton.
Buffalo Interests Divided.
BUFFALO. N. Y, August 2s.-Though
the men In control of the steel, pig iron
and other manufacturing interests here
are inclined to take q pessimistic view Of
business conditions and the outlook.
wholesale and reail merchants here are
distinctly cheerful. They say they have
never done so much business and that the
outlook for the fall Is fine.
Asa Shtvertck, secretary and treasurer
Of J. ". Adam & Co. gave an opinion
that Is typical of Buffalo merchants.
We have had to enlarge our plant .5
per cent, said he, Ito take care OF the
business, and other houses are expanding.
Our collections are fine. We have 2O,OGO
open accounts. and the money is coming
In fully as we'll as last year. and there is
more Of it.
Expect Reciprocity Benefits.
ST. PAUL. Minn. August cs.-The tone
Of business here Is excellent, though
marked just now by the lull that August
brings invariably. The wheat crops of
Minnesota and North Dakota are materi-
alizing satisfactorily. the yield being con-
siderabiy above the average. The crop
In South Dakota. concerning which the
most unfavorable reports have been cir
culated. proves much better than antici-
pated. In only small portion of the
state is the product much below the
average.
Tennessee Bankers Pleased.
MEMPHIS. Tenn. August 2S-Bankers
and business men In this part Of the
south are optimistic. The promise OF the
cotton crop at this time is the best with.
In many years. The price has declined
sharply. but most observers believe that
q value somewhere around 10 cents will
be realized, and this will be fairly profit
able. provided the yield is big, as
now seems TO be.
Wholesale merchants are having a sat.
isfactory business. Real estate is oufete,
and building is slightly less active, bu,
still In fair volume.
Prospects Cheer New Orleans.
NEW ORLEANS. La. August 2s.-Busi
ness conditions In and around New Or
leans have been unusually good this year
especially during the summer months
which usually are dull. City trade ha
been active. while the reclamation O
swamp lands and their settlement b,
northern farmers has begun q movemen
to populate waste places which augur
well for the permanent prosperity Of tn
entire section.
Northwest u Optimistic.
PORTLAND. Ore.. August cS-Banl
clearings. unusually liberal building pei
units and the greatest grain crop tn
northwest ever produced give assuranc
! es banner trade conditions throughou