The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1922-10-10
BRIGHTER AND BRIGHTER is
BUSINESS OUTLOOK

A few days ago we called attention
to a very interesting statement is
sued by. the National Bankers Associa-
ticn in session in New York, in which
an era Of unprecedented prosperity
vas heralded. as being very near at
hand.
Then the Federal Reserve System
gave out a NEST cheerful interview
in which it was pointed out that the
banking situation in the country
was in better shape. as whole, than
at any time since the world war
Coming on top of all this, it a state
ment by Hendy Clews, dean of the
Street as he is called in New York
! who thinks the whole business out
!cok is growing brighter every DAY
and whc believes that a general bust
ness revival is just ahead of us.
! In his statement which was issued
Saturday, Mr.. CLOVIS says:
Further upward movement in COM
modify prices has accompanied in
creasing retail and Wholesale demand
for goods during the past week OF
ten days, and as reflected the general
activity of demand all over the coun-
| try. The Federal Resolve Board re.
ports unemployment greatly reduced
and in some lines a shortage Of labor
! "a view fully borne out in many
/ quarters by the developments of the
past few weeks especially in steel
and other staple manufacturing in
dustries. On the railways, the move
ment of freight has been pretty well
up towards capacity for practically
all lines. Coal and farm products
have been the bulk of the traffic, but
ether goods have been able to move
| N considerable quantity. The distri-
button Of steel is proceeding better
than ha@ leen anticipated, and most
manufacturing plants have been able
al LIZ Cbtil tlAtg AGEt. lie same lbs
been true Of public utility enterprises,
and while the consumer is not well
supplied, there is now little reason
to doubt thai his necessities will be
met from time to time by furnishing
current supplies Of fuel. There has
been remarkable continuance OF the
building boom, which, it is estimated,
has resulted in an increase of about
90 per cent y the quantity of copper
used in cons ,ruction enterprises. Stee
plants &C" niue to enlarge the proper
lien OF tneir works that are actively
engaged in production and estimates
represents the U. S. Steel Corporation
as having about rs per cent of it's
plant now fully in operation.
While the industrial machinery Of
the country is thus being "speeded up"
the fact that the strike is far from be
ing without effect is now pretty gene.
ally demonstrated. 1t appears TO some
xtent in the showing made by indus
rial concerns for the month of August
md. so far as made known, for the
any part OF September as we'll Rail
cad earnings, however, show it most
nlainiy in August figures, where the
Expenses are now known tc have been
very matedially Increased Howevcr
he reads have done tetter than ha-
}een expected and the agreement sis7
cd during the past week between the
8 hOpmen and a considerable numb
Of leading reads embody in written
form the fact that the strike was, c,
the whole. failure from the stand
Eoi1t Of the employees. This fact tends
to confirm the belief that there will
DC 4 period eli quiet on the railroads
as,.ng fer an indefinite period and
kelly t be broken onlr when thu
IS a decidedly new showing with Il
gard to the prospects Of suc e53 in T..
amor contest. Meanwhile, the coming
,hTee months will be one Of the hea@
csi periods in transportation That
he country has ever known while tbs
usiness will be one On a fair margin.
at least, Of profit.
A significant event Ct the week
has been the convention Of the Ares
lean Bankers Association held il
New York city and notable for it,
discussion of important domestic ed
foreign questions relating to fnanoid
and inye st1nent prospects. Oppositiot
fo} bfanch hawkins. and 3{t1ubt of t5{
wisdom ofF}he preseilt collection s.
tom Of Federal Reserve banks w
evident throughout, but, in addition
he Association expressed itself strong
iy on such questions as the undaaii
abiy Of future issues of tax exe.rrs