Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-05-11
IMPROVEMENT IN
BUSINESS SEEN
IN NEAR FUTURE
Continued From Page one.)

be more likely to carry out plans made
some time ago, but which had to be
abandoned when the country was thrown
into a period Of severe financial aud in
dustrial depression.
Increases in the prices OF cattle, hogs
and grains during the last month also
have been in the favor OF the agricul-
tural industry, and this. taken with 9TH
er favorable factors, should sooner or
later reflect on the manufacturing In
dustry of the country, business men say.
The farmer is the big buyer when he has
money. He is now in need Of many
manufactured articles, and when he can
he Will buy. When he buys, the wheels
OF manufacturing and commerce again
begin to hum, and his impetus to manu-
featuring and commerce employs the
skilled laborer and the unskilled.
IMPROVEMENT
UNDER WAY.
In reviewing the financial condition Of
the industrial centers and other cities, /
all business men conceded that there IL
n gradual improvement under way.
Some Improvement has been shown I
even in the last two weeks, according
to Frank D. Stalnaker, president OF the
Indiana National Bank.
as much money during the run OF a
day as they were year ago" Mr.. Stall. |
maker said, receipts are steady, savings
are still accommodating, and obligations
are being liquidated"
Business men are not borrowing as
they usually do In normal times, but
this is due 10 the light buying program
being carried on by the general public.
Yet people are buying what they need,
and their wants are gradually growing
This orced economy practiced by the
general public Is a good thing. II VII
Increase its buying power later"
GETTING OFT
OF DEBT.
To uphold the view that the general
public is lquidatng its Indebtedness
rather than getting farther In debt. /
bankers declare that the supply OF money |
in banks is plentiful.
Banks are now hunting people 70
whom they can loan money" G.. FL. Mucl !,
Ter, vice president Of the Fletcher Amer
lean National Bank, said.
When asked If he could see any i'm
provement during the past month, Mr.. /
Mueller stated "A general turn for the
better has been in progress for sometime,
and there are no indications that this
trend will discontinue"
Bond house continue to have record
days, weeks and months. Although /
lately there has been some little irregu- (
larity in bond sales people are still buy
Ing more municipal, gravel road, school /
aud other conservative bonds and stocks
than they have bought before In similar
periods of time.
RECORD RATE
KEEPS Up.
Gilbert b Clippinger, secretary Of the
Fletcher American Company said the
buying OF high grade and conservative +
bonds and stocks has been going on at a
record rate for the last year and there
Is no signs 81 lak
CONSERVATIVE estimates show he
stated, there was at least 40 per cent
more buying Of high grade stocks. bonds
and securities during the year OF 1921
than that Of 1920. aud the month Of April
viii show an Increase OF sales over those
Of last April"
about the only trouble we have now"
declared II. Foster CIippinger, manager
Of the bond department Of the Fletcher
Savings and Trust Company, rs getting
the bonds to sell"
Attention was called by Mr.. Clippinger
to the sale Tuesday of SIS 600 600 of AZ
per cent bonds OF the Federal Land
Bank. These bonds, an obligation Of the
Federal Land Bank and secured by mort
cages upon the lands of farmers to which |
money is loaned on longtime terms. !
were sold to a syndicate Of bankers and
We're oversubscribed in less than an hour |
This quick subscription" Mr.. Clip !
pinger said. lis fair indication Of the
enormous bond buying power Of the gen
eral public
As yet, there is but little inclination /
for the investing public to divert money |
from strictly investment channels to In
dustrial projects, brokers say, but the
fact that there is an enormous buying |
power overshadows any pessimistic pro-
poganda, and is a fair Indicator Of what
can be accomplished along industrial lines
when conditions warrant the public turn
ing its money into industrial channels.