The Washington herald., 1921-11-01

4
below the telegraphic answers iron
the third of several groups Of tn'
leading bankers and business nrmi
In ali sections of the United States
in response to q list Of nine specin'
questions sent them.
| The consensus Of the opinions o.
fourteen other bankers quoted %
Sunday and yesterday was ina
business was distinctly improVins
but that no pronounced rapid I'm,
provement was to be expeeteo
once. Liquidation was near an enc
II was agreed. and the credit situa
zion was approaching norman saw
in some agricultural sections.
The nine questions asked Wer
u) Do you anticipate pronouneec
Improvement during the rest Oh 'n'
C2) II not. what kind Of business
do you anticipate?
C3) When do you expect PRIV
nouncd Improvement!
(4) What are considered the chieA
retarding influences?
| C5) How do stocks on the snelve'
of retail merchants compare, Win
normal? .a,,
Cs) When do you expect credi'
conditions to return to normal!
| IN OF commercial loans OUT
standing October 1, approximately
what percentage represented iroIe"
credIts-that is, renewals or extern
sIons of loans made more than
twelve months ago?
Cs) Approximately what percent
.za of frozen credits outstanpIns
July l remained unliquidated on oe
re1 What are the prospects for
further liquidation Of frozen cIe
in YOUR district IN the near tuture
The answers follow;
VI n wilcox, vice president r-
chants National Bank, Baitinioi 6
Nd -,5.rce
Every day brings fresh evidence
-, ,rnnrovement, and look for TINS
~ continue This is pronounced now
IT, ,nanv directions l think ina
-. Of the retarding influences are
~ DELAYS In tariff and tax leglsiS
~. oDd In settling with the ral-
roads rchants
are not yet carrying normal osiv
and are now buying more go
credit conditions Will oecoHS
nearly normal as necessary 1890
zion becomes more nearly cohpIs
regret my inability 10 sNe Kan
,antage. with regard 10 -
cradIts To make a guess inIsh'
hazardous and probably un
The prospects are that from ~
Iii January l there will be ToIs
annreciable liquidation OF troA
credits In this district sxa,
n weIIborn, Governor Feoei
pa.erve Bank, of Atlanta ia
a. not anticipate any markeo
,-,-ovenent during the rest OF inc
ear as liquidation has been loo
SIow in setting in and crops are nov
being absorbed as rapidly as o un IN
10 market, owing to the oecli"e
the price Of cotton =,
anticipate no great Volume VI
business but slight improvement
over last year. do not look for any
nronounced Improvement in ousl-
ness conditions until after the mrs.
~ the new year, when the mills
will be forced into the cotton ma
ket and the preparation OF ne"
CROPS will stimulate conditions
The chief retarding influence IN
this district is the reflex action oil
the general lack of world tradlns
| especially in cotton, naval stores
and lumber, the more important
commodities Of this section.
Stocks on the shelves of retail
merchants are considerably lower
than in former years.
We look for a slow, constant
steady improvement Of credit con-
ditIons which will probably moi
reach normal until the fan Of 1929
OF the commercial loans outstand'
ing October l it is thought so pei
cent are frozen credits. in the sense
that they are renewals or extension:
Of loans made more than twelve
months ago.
A. L. Mills, president First Ma
t:onal Bank. Portland, Greg.
l. do not anticipate pronounced
/ improvement in business during the
| balance Of this year.
.. Business will continue TO snow
slow and gradual Improvement
3. Pronounced Improvement will
not come until foreign trade con
ditions are adjusted.
4. The chief retarding influence Il
the unsettled financial condition o.
/ foreign nations, which makes 1
difficult to find a satisfactory mar
ket for surplus products of tint
country. Until the worlds trade re
lations can be re-established on
sound basis and foreign exchanE
stabilized we cannot expect any rea
permanent improvement of bushes
in the United States. II the limfta
ton Of ornaments and other cues
lions of paramount Importance cal
be determined satisfactorily at til
conference in Washington Noyem
Der IL a long stride will be mad
towards business recovery, not onI,
in the United States but elsewher
in the world. Other retardine in
huences in this country are the INA
determination Of taxation, tariff
and the treatment to be accorde,
our transportation systems, which
carries with it the questions of re
duction of railroad rates and Of tn
wage problem.
(5) Measured In dollars. ztocI,
on shelves of retail merchants ar
greater than in the pre-war period
but in quantities about the same
| (6) Credit conditions in This dis