The New York herald., 1922-09-03
BUSINESS OUTLOOK
MORE ENCOURAGING
Definite Improvement Is Seen
by Chief of Credit Mems
Association.

A record and definite Improvement in
American business conditions for the
year 1929 is apparent, according to a
summary OF the business conditions
throughout thirteen OF the principal
States OF the country made by J. H..
Tregoe. the executive head of the
National Association of Credit Men, re-
Gently. and very encouraging outlook
for business is given in the report which
he has recently issued. He has made a
brief summary of each of the thirteen
States which he observed, and his report
has been forwarded to several thousand
business and financial men throughout
the entire country.
y BY States Mr.. Tregoe briefly sum-
marizes the situation as follows:
In Nebraska the small grain crop is
above the average and corn products
are better than for several years. In
Iowa, Kansas and Oklahoma crops are
also good with the exception of wheat
which has disappointed. Failures In
those States are decreasing greatly. In
Minnesota and North Dakota conditions
look very favorable, but the general con-
dition is not as good as 1t might be.
due to the overhead Indebtedness carried
by most of the farmers and merchants
from former years and not yet liqui-
dated. In Missouri the fruit crop was
excellent, but bad failure In the oat
crop was a setback. Corn and wheat
We're very good with the exception of
the flooded areas, which suffered heavily.
The entire atmosphere of the State. how
ever, is one of bright outlook and large
expectations for the future.
Through Texas the crops are generally
doing well, with few cotton failures
due to the bad weather. The rice crop
is good, and although profits have not
improved the farmers throughout the
State are hopeful and optimistic
Through the South, especially in the
States of Alabama. Georgia and Louis
lana, the conditions have improved.
Buying is teing done very carefully,
however, for the farmers remember
other days which had good promises and
turned for the worse. The corn and cot
ton crop in Georgia has been hard hit
by weather conditions and the boil wee
vii. The cane and rice crops In Louis
lana are both in good shape and the
corn crop good.
Florida is very quiet just now, with a
good fruit season behind, and with pros
poets of good season to come little IS
being done in commercial way. Mon
tana had a wheat crop hit by the bad
weather. and although the general out
look Is not bright there the farmers and
merchants refuse to be anything but OPP
timistic.
The strike OF the rail and coal men
throughout the country has had very
bad effect in every State, but Mr.. Tre-
goe reports that Increasing signs In en-
ployment. production, wages and the
movement of commodities have all
pointed to a good future which is not
far off. The failure CT agreements
abroad with the Allied Reparations Com
mission to accept some terms and aid in
getting European commerce and the ex-
porting business in shape has been detri-
mental, as have the two strikes which
the country is still suffering from. The
rise in price of material and the ten
dency to cut down wages In many sec
tions have also worked havoc. How
ever. through 1t all the general perspec-
tive obtained is one of promise. he says.