The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-11-06

ko) thetail merchants STOCKS are
below normal, due to the policy OF
buying from hand TO mouth.
(6) think IL will be some time
before credit conditions return to
normal. owing to a decrease In bank
deposits and the large volume OF
short-time financing which VIII
have to be cared for at maturity.
(7) Possibly GO per cent Of COM
mercial loans outstanding on octo-
Der 1 were frozen credfts-
ts) There has been- small im-
provement in the present creoit
situation since July /.
(s) think further liquidation
will be slow and will depend great
ly upon the business revival
y. J. BeIcher. tr- president First
National Bank, San Diego. Cal :.
~ We anticipate pronounced
Improvement during the rest of the
year.
"a We consider the chief retard-
ing influences to be the fact that
the general labor market 10 not
thoroughly liquidated as yet excess
profit tax and frozen loans
(5) Retail merchants stocks are
comparatively normal
(6) Credit conditions with Us are
comparatively normal.
Cd OF commercial loans out
standing October / approximately
Is per cent represented frozen
credits.
Cs) OF frozen credits outstanding
July / approximately 100 per cent
remained unliquidated October l.
(9) The prospects for further
liquidation of frozen credits in this
district in the near future are good.
}. u. .Lademnn, vice-president
Second Ward Savings Bank, Mil
waukee, Wis.
~ I do not anticipate pro-
nounced improvement during the
rest of the year.
go I anticipate seasonal. eau
tious. and continued uncertainty in
business, with erratic prices.
(O i expect pronounced improve
ment when all prices. including
wages, are liquidated to gold
standard level. Too many factors
are involved to warrant any estI-
mate OF the date.
80 / consider the chief retarding
influences to be: (a) Inequality of
or incomplete adjustment OF prices.
OBJ Uncertainty OF peace, with at
tendant high military costs and
low ebb confidence, (c) Foreign
market disorganized by cratic ex-
change. lack Of credit, and disparity
of price.
go Stocks on the shelves Of re-
tail merchants are approximately
normal, perhaps low and certainly
slow.
90 From the standpoint Of do
nestle banking credits, conditions
are fast approaching normal in this
community. A different situation
obtains In rural and foreign credits.
Cd OF commercial loans out
standing October l perhaps IS per-
cent Of these represented frozen
credits.
go Approximately IS per cent of
the frozen credits outstanding July
remain unliquidated October /,
with tendency to improve.
(9) For the immediate future
there VIII be natural tendency to
expansion, rather than liquidation,
TO take care Of seasonal require
ments, following which liberal
liquidation Is contemplated.
Frank N. Briggs. president In
AAoSN w., DeHNeT Col.
% We do not anticipate pro-
nounced improvement during the
rest of the year.
ment.
IS) We expect pronounced i'm
provemeht In about one year, but
we DO not expect a boom then.
90 We consider the chief retard-
- H.
government, worldwide unsettIe-
inen| nigh taxes, wartime wages,
ana unreasonable working rules Of
iaoor unions, depreciating values,
ana governmental Interference with
corporate and private business.
l5) stocks on the shelves OF re-
tail merchants are about normal
t6) We expect that credit condi-
tions will return to normal wbar
the government eliminates meddle-
some bureaus and reduces expenses
and taxes, when foreign exchange
settles onto a frmer basis and
when labor conditions return to
normal.
ca OF commercial loans outstand-
ing October 1 approximately "a nor
cent represented frozen credits.
(S) Approximately 20 to so nsr
cent of the frozen credits outstand-
ing July 1 remained unliuuidated
October l.
(s) The sugar beet crop will nav
on about 100000 slow credit,
within the next two months in
Colorado. All
James Walker Company, RaIti-
more, Nd, retail hardware,
We do not anticipate nronoprc.d
Improvement in business this wear.
we expect that business will be
ABOUT 70 per cent normal.
we expect pronounced improve-
lhent In business when freight rates
and labor, which we consider 70 he
the CHIEF retarding influences. are
reduced al
The value Of our merchandise nm
hand at present is about is 70 On
per cent less than a year aRo an6
ABOUT the same as two years sgo
George N. Stevenson Compn1y.
Fittsourgh, Pa, retail grocers,
IL seems to us that the tendancv
OF business to improve is on ths
gradual upgrade and the buvers'
panic Is abating.
We do not expect pronounced i'm
provement in business before early
next spring.
We consider, the chief retard,n.
influences to be lack ~ emnIn.,e
ment and labor troubles.
The value of our merchandise nm
hand at present is Is per cent less
than that Of year ago ana On No.
cent less than two years ago
The physical quantity ~ on-