The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1921-07-30
Optimistic Spirit is Evident in
All Sections OF Country, as
Fall Approaches.
ATLANTA RESERVE BANK
ISSUES REASSURING REVIEW,
Reports From Fifty-three Whole
sale Firms Indicate That Ac-
tual Volume of Goods Sold is
Greater Than That of Cores
ponding Period Last Year
The Season of Worry' IS
Over.

Every business concern in Bruins.
wick. as well as all citizens. will be
deeply interested in a financial re-
port on economic conditions In Geor-
gia and the South, which has Just
been issued by the Federal Reserve
Bank Of Atlanta. 1t is held that busi-
ness generally is on sounder basis
than it was year ago, and shat while
normal conditions may not have re-
turned to all sections it was well on
the way and certain to arrive. The
report should prove highly reassuring
to all classes of business. It follows,
being supplemented by brief dispatch
es to The News from western points
telling of a gradual but sure return
to normalcy:
"At this time" says the review, 'It
might be we'll to refer to conditions
a year ago, when production trade and
business generally had reached It's
peak during May and June. 1920
Those who gave much thought to ex-
'isting conditions realized that there
must be turning point and consid-
cradle uneasiness and anxiety was be-
ing felt Commencing with July. 1920,
production and trade began to show
decreases followed hv raeaasion ofb
pri6es. values ana wages. The de.
maud for money continued. however,
and contrary to former years, bank
loans throughout the district increas-
ed during and after the crop-season Of
the year, while deposits were declin.
ing.
1T was some six months after other
readjustment phases were In evidence
that the high point OF expansion OF
credit was reached and contraction OF
credit set In. The loans and invest
ments of A3 banks In selected cities
OF the district on July 6 of this year
were $454,69s. 900. as compared with
$441, $4,000 on June 8, 1921, and
1851, ,O60 900 on July 3, 1920. Banks in
the same reporting cities show de-
mand deposits were $214.853,O00 and
s271, ,3670 900 on July 6. 1921, and July,
1920, respectively, while time deposits
were s145.2S9OOO and sl5i ,iO6,0O0 on
the same dates.
"In almost every instance the trade
generally shows a decrease In money
value Of all goods sold this year az
compared with last. but when price
recessions are taken into account, the
decrease in the physical volume Of
goods sold IL appreciabIy smaller, In
fact. in several instances, reporting
stores. show increase in the volume
OF goods sold.
'"The detailed report of the business
review shows that department stores
report for June that the dollar value
OF sales Is less than for June, 1890, al
though a number state the actuai'voi-
ume, Of goods sold Is larger than last
year. Stocks OF gbods on hand were
ia per cent less than last year.
Reports from SO Wholesale firms
indicate that the actual volume OF
goods being sold is equal to'orsgreater
than the actual Volume sold during
the corresponding period of last year,
the possible exception being Wholesale
hardware. in which price declines
have not been as substantial. Buying
for future needs Is. not being done,
except some few Items entirely sea-
sonai" - H ~