The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1917-01-07
THE new YEAR FINDS
MUCH PROSPERITY HERE
Never Before Hahs The South Begun
A Year With Such Bright Prospects
AS Now Confront 1t.

A Year With Such Bright Prospects
AS Now Confront 1t.
Washington, Jan. 5.-Peace talk
and the car shortage apparently are
recorded among influential factors in
the nations commercial life during
the past month in reports of general
business from federal reserve agents
made public today by the federal re-
serve board. Business activity shows
little diminution, the boards summary
states, and in the east, south and mid
die west the record volume of bust
ness remains at it's high level. Re
ports from the districts show:
Richmond: Trade, agricultural and
other reports indicate continuance in
the full tide of prosperity with occa-
sional conservative notes of warning
in anticipation of ref ljustment to
| more normal conditions.
Atlanta: Conditions have not mate
rialy changed. There is an abundance
of money in this section and feeling
of confidence that the prosperous
times are to continue.
Dallas: Merchants are enjoying
| holiday business almost unprecedent-
ed in volume and Notwithstanding the
prices of merchandise, which are very
much higher than those Of the past
years, buying is unusually heavy.
New York: Advices from a large
number of firms and corporations
show that trade and industry in gen
| eral have continued active and prac-
ticall unchanged notwithstanding de-
veIopments in the war situation dis
turbance in money rates and unset
tied stock markets.
Chicago: All authorities report a
| continuation in the large Valume OF
business. There is not marked evil
dence of recession due to peace ru-
mors.
Columbus, Jan. 5.-The Industrial
Index says in its issue for this week;
Beneath the purple and the godl
of the dawn of the New Year, pros
perity and peace walk together in
a land that smiles in the midst of
great activity and is thrilled by I'M
precedented prospects and opportuni-
| ties.
! For the business world of the
south, there never has been such a
| New Year before. Never before
has the south begun year with
business at so great a volume and
witt, such substantial promise not
only of continued but of increasing
prosperity. The activities of the
year just closed-unequaled before
in many lines-have swept on into
the New Year with increasign momen-
tum. Profitable activity is in evidence
on all sides. Miss and factories, OPP
Grating at full. time and. overtime,
have orders for their outputs for three,
six and even twelve months ahead.
Farm products have been selling at
record breaking prices, and through
the Investigation of crops millions of
dollars that heretofore have ben sent
to other sections are being kept in
the south.
"In all it shistory, the south never
enjoyed greater prosperity or had
such bright prospects.
"The development of resources of
ed to this time serves to demonstrate
the profitableness of such develop
ment.
"The opportunities which the south
affords for manufacturing-esp
with the increased development Of
waterpowers-is attracting attention
as never before. The importance of
it's iron, steel and coal industries has
impressed the country as never be-
fore. The possibilities of its fertile
idle constituting one of it's
greatest resources-are becoming
known much more widely, with increas
ing inquiries from homeseekers.
There are many millions Of dol
lars in this country-increased with
the coming of prosperity-that soon
will begin to seek investment. The
south is the most inviting field for
this capital, and in large measure it
will turn to the south.
"a fact of marked significance
with regard to the prosperity and bus
mess prospects in the south is re-
Elected in an official statement issued
last week by the federal comptroller
at Washington. This statement shows
that in the period between September
- and November II, when calls for
bank statements were issued, the per
centage of increase in the resources
Of national banks of the south was
double the average for the whole coun-
try and greater than for any other
section.