The Washington herald., 1921-08-11
BUSINESS BETTER
IN NWHOLENATION,
REPORTS INDICATE
kilograms from All Parts
Of the Country OPP
timistic. 2
INDUSTRY PICKS UP
William Fellowes Morgan Sees
Better Tone in CONNER
cial World.
INDUSTRY PICKS UP

Better Tone In CONNER
cial World.
By HAROLD ID. JACOBS.
Ne wYoRK. Aug. 1o.-Basic busi-
ness conditions are improving. !
This opinion was reflected in tele-
graphic statements to the United
Press today by commercial organi-
neutrality-suspicious. Of economic
,ilments-in all parts of the coun-
try.
The general feeling appeared to
be that the Industrial revival Will
be well under way by fall, although
some were inclined toward the be-
lief that material progress will not
be made in that direction before
spring.
Represented in the symposium
were New York, Chicago. Boston
Bridgeport. Atlanta. Memphis, In
iianapolis, Milwaukee, St. Paul. st.
Louis. Dallas. Denver and Portland,
Oreg.
william Fellowes Morgan.
a better tone is appearing in the
business world" declared William
FeIIowes Morgan, president Of the
Merchants Association of New York,
who discusseds the countrywide sit
nation as well as conditions in this
iistrict.
Although few industries have yet
benefited by an increased volume of
business, there are Indications that
he country is beginning slowly to
pull out of a serious business and
industrial depression.
The crop outlook. with one or
:wo exceptions, Is good. Many OF
he railroads are reporting increased
earnings.
Money Easier.
'Rsdiscount rates Of the Federal
Reserve banks have been lowered
and there are other indications
Of easier money. Price revisions
N many lines have proceeded rapid
y, and prices of certain commodi-
lies are even showing a slight in
.rease, indicating a stabiliZation of
prices
"Defation in building materials
6 proceeding slowly. Coal produc-
ion has declined somewhat. The
!arse stocks of goods in the hands
of merchants last year have now
been greatly depleted. making 1t
rccessary during the coming months
,or them to buy on a much larger
Icale"
Tha. the eide has turned in New
England" was the statement OF Mel
Vile E. Lining, secretary of the
Surcau Of Commerce and Industrial
Affairs. Boston Chamber of Com
nerce.
Orders and inquiries are coming
N. and while there Is still psenry
u room for improvement. a more
optimistic tone generally prevails"
lie said
Bridgeport Optimistic.
Other statements were:
Seward H. Price. secretary Bridge !
sort Chamber of Commerce: Busi- |
iess in the Bridgeport district is +!
picking up steadily. We ought to
be tasting real prosperity before
winter"
Atlanta Chamber Of Commerce: |
business in this section looks bet |
er today than in many months. In
practically every line conditions JUS |
Gfy a more optimistic feeling for
he fall"
J. NJ. Walker. president Memphis
Chamber of Commerce: "Diversif-
.ation of crops has saved the South |
from bankruptcy and will mean
prosperity for this section. Fall
gill witness a great revival in trade
and industry"
indianapolis Hopeful.
John B. Reynolds. secretary In
Ganapolis Chamber Of Commerce:
Z believe conditions will begin to
improve in the fall. 'However. 1t
nay be a year before business is
wholly on a normal basis again.
some factories are increasing their |
.orces sven now"
W. l. Ware. trade commissioner. /
Chicago Association of Commerce:
Fundamental business conditions |
n Chicago point toward improve
nent in practically all lines. Re
.overy is noticeable in dry goods. |
millinery, women's and mems cloth
ing, shoes and building materials.
Zach day the feeling Is gaining |
strength that we have reached the |
bottom Of the period of depres-
lion and may now reasonably ex-
pect business to be very much bet
:er this fall"
On Fsrmer Basis.
+. W. Dickey, economist of the |
first Wisconsin National Bank. Mil |
gaukee: with retail prices at a |
lew and fairly permanent low level. .
With stores cleared of surplus
Itocks. with cheaper raw materials. |
with lower wages and with the
,aukinE situation on asfirmer basis.
American industry is preparing to
10 business again" Il |
e. G. Quamme, president of St.
PAUL Federal Reserve Bank: Cen
orally speaking, We have fair
.rop in the Northwest which. If
toId at once, will make business |
conditions better"
Good shoe Demand.
R.. d. Sangster, Industrial COM
missioner. St. Louis Chamber OF
Commerce: The wholesale market
s full Of out-of-town merchandise.
hoe manufacturers have capacity /
Iemand. Industries generally re-
,ort prospects bright for good
evival OF business"
Secretary Black, Dallas Chamber |
II Commerce: Conditions in the
southwest are getting back to nor
nal as farm money and credits
oosen up. Good grain and fruit
rops are bringing fairly good
'rices. Building SO far this year
,eats the total OF the last two
ears"