The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1914-07-21
BUSINESS OUTLOOK

business and industrial conditions.
They have been smothered under evi-
dence demonstrating that an industrial
revival has begun and that the record
crop guarantees general prosperity.
The St. Paul has released orders for
$4,000 to 10000 tons of rails to Chi
cago district MILL The United States
Steel Corporation has taken contract
for 5000 tons of glrder rails for New
South Wales. The Wabash has practic-
ally closed for sixty locomotives The
Pittsburgh, Shawmut G. Northern has
bought $50 coal cars and the Atlantic
Coast Line 100 logging cars. The
American Bottle Company, of Newark,
Ohio, has increased its shift from 900
to 1900 men and Is working in three
shifts of eight hours each. At Green
Vile, Pa, the Finch mills of the Car
negie Steel Company have resumed op-
erations. At the plants of the Steel
Corporation and throughout the steel
trade a steady resumption of business
Is reported.
Railroad earnings are picking up in
the West; bank clearings are increas-
ing; railway shops are being reopened
on full time; the big copper companies
of Michigan are increasing their ship
ments; throughout New England the
textile trades are flourishing. At North
Oxford, Conn, the Narragansett Worst
ed Mills have reopened for the first
time In two years. In the Far West 1t
Is wool shearing season, and, despite
the predictions that free wool would
annihilate the American wool produc-
er, the largest output of raw wool In
history Is predicted and good prices
prevail.
These are but few, a very few, of
the facts. There is no need to add to
them. They preach their own sermon.
Business men the country over and
regardless of partisan politics are out.
spoken in corroborating President VIII
sons declaration to the Virginia edit
ors that the country Is entering upon
an era of unexampled prosperity.
The following extracts from inter.
views authorized by delegates who at.
tended the recent convention of the
National Leather and Shoe Finders AS.
sociation in New York are illustrative
of the general opinion
Henry Kleine head of Henry Kleine
& Co, Chicago: Business is good now
and 1t is going to be much better in q
few weeks. The country looks great
President Wilson is doing well in hay
ing talks with men of affairs"
Buchanan Harrar, of Laing, Harral
G. Chamberlain, of Philadelphia: 81
am an optimlst We are going to have
fine season in our line. The read
justment following tariff revision is
, practically complete"
G.. r. Kolb, Jr, of Kolb & Co, Phila
, delphia; THE month of June was the
best we have had since we have beer
in business Those who are yelling
calamity have no right in business"
Samuel j. Burtchaell, of Dolliver q
Bro. San Francisco: THE country's
business outlook never was SO good be
. fore"
, Thomas w. Jones, of Philadelphia
! representative of twelve houses; ="
have found things better in the las
r sixty days than they ever have beer
for year, There has been stead,
pickup in the last few weeks. In gen
, eral. confidence has been restored il
, all lines of business"
$ George A. Knapp, st. Louis, "GooC
A business is assured, The fall crop ant
A the general inspiration of confidenc,
4 have destroyed all doubt of this. Tht
n outlook in the South is better than I
n ever was"
p. H. Volk, of r. II. Volk & Co, o
4 Baltimore; II anticipate splendit
business this autumn. Bankers real
e i2e this as well as others and none.
}. is beginning to circulate most encour
D. agingly,"
II j. II. Deacon of Camden, N. j.; "W
n are on the eve of period of good bus
a ness, and | think it viii be lastin
q one"
Returning to New York, after tri
II that took him to the Pacific Coast, an
y In course OF which he attended bank
IS ers' conventions in Missouri, Kansa,
e California, Washington, Idaho, Uta
3 and Colorado. Col, Fred h. Farnswortl
r general secretary OF the America
n Bankers Association said "The ou
ie look in the West is good, The bank
have plenty OF money and are cont
o dent that they will be able to TAX
d care OF all legitimate requirement.
IS The crops are so big that the peopl
C. are beginning to worry over the abl
. ty OF the railroads to handle them"