Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1911-12-09
SAYS COUNTRY HAS
TURNED THE CORNER
IN A BUSINESS WAY

. New York.-In review of bushes:
and financial conditions the Fourtt
| National Bank says in its monthly cir.
cular concerning the outlook:
[ General business is better than ii
was month ago, and public sentimen;
is unauestionably more hopeful than
L it was then. This improvement has
/ come about largely through the re-
lease by the railroads of heavy buy
ing orders for cars and equipment,
! from the extraordinary showing of our
{ foreign trade. apprecis ton of the fact
/ that the cotton q op will surpass
] anything in history action by some
| railroads in increasing dividends, and
E. the record of merchandise exports for
/ the month of October, which was
$210,500,000 monthly total that has
| only once been exceeded in the United
/ States
Within the month there has also
been less anxiety manifested over the
corporation Issue and concerning the.
|. attitude of the federal authorities
/ with reference to violations of the an
| ti-trust law. Some Of these influences
may have been largely sentimental,
ssbut they have been of immense signi-
f1cance and account for the compare
tive indifference of the public toward |
!. some of the problems that excited
] such genera mnsettfement only asfe j
weeks ago =,
. Many of tn steel mills are now do
ing a good business and. the chances
are that activity in this and other
. lines during the balance of the fealsl
will be sufficient to make a good CON
siderable portion of the loss sustained
Efin the pc Rod of real stagnation : last
summer While, therefore. business
as a whole is, in some respects, much
below normal. the falling off in few.
lines being still rather sensational,
the total volume for the United States
is probably greater today than it has
been at any time since the year oo-
ened In this way the country has
apparently turned the corner and is
likely to see much better times in the
edture. At many interior points
really large volume of business is re-
ported and owing to the smaller Dor.
rowings by merchants generally, the
POSITION. of the mercantile interest is
notably strong.
Bnvlng has been, for months, upon
the hand-to-mouth basis, but it stands
to reason that if the Improvement now
noted becomes much more of factor
thtre may soon be a congestion of or
ders reported in some industries. This
has often been witnessed the. ca Sc
OF railroads. and the, fact that during
the last month alone NeNe were er-
dered@double the number of cars that +;
had been contracted>tor IN the. feurds,
preceding months, shows Thar the Aste'sffia
manufacturers are likely to have a
heavy volume of business to. handle be-
fore the year ends -
Thd bank position of the country is
unusually strong. In no sections ara
the banks financing a speculative .
movement in securities, land, provis-
ions, or grain. Furthermore, the price :
Of pretty nearly everything on which .
bank is asked to advance money is :,
lower than it was only few months +
ago. The low pfhe OF cotton has been 9
Of decided assistance to the New Eng r
land mills, enabling many enormous =,
plant to resume operations again at :
'rfces which indicate that the resump- ;.
Eions will be permanent and of the
greatest benefit to the working
classes
$fs ksats. ifes5-