The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-12-20
]. s. FACES
GREATEST
Of TRADE
YEARS
High-water Mark by No Means.
Touched, Gary Says-Aid
BY Tax Cut Expected.
Copyright, 1923. by international
News Service.)

Copyright, 1928. by 1nternational
News Service.l
NEW YORK, Dec. 90!
America faces one of its greatest
postwar business years in 1924
A majority Of business leaders
look for Continued Improvement
over 1923, regarded generally
as a good year. The most pessi-
mistic prediction looks to the
new year with Conservative
optimism.
Evidence Of Prosperity
This is the consensus complied
by International News Service from
bankers, merchants and financierB
from coast to coast. Business
baromoters cited in proof Of the
hopeful view are the condition Of
stocks, the building boom, improve.
ments and additions to railroad
equipment, increased savings de.
sound employment conditions and
the vastly improved condition of
the American farmer.
The steel industry Is conceded to
be the most reliable business barO-
meter"
Ebert H. Gary, chairman of the
board of the United States Steel
Corporation found business good in
1928.
II look for it to be even better
in 1924" he said. There are no
limits to the possibility of industry
and business in the United States.
American prosperity has by no
means touched the high water
mark"
A similar note is sounded by
James H. Farrell, president Of the
United States Steel Corporation,
| who believe America. Is over en-
phasiZing the troubles Of Europe"
80 far as America is concerned"
he said, there has been a con.
stantly improving situation In bust
ness. and I look for this to con-
tinue."
H. T. Parson. Of New York.
Americas merchant prince" head
of a chain Of and 10.cent stores.
sees a great stimulus for business
in tax reduction legislation and re-
CARDS such action by Congress as
| inevitable.
Through settlement of the
reparations questions an added re-
source for American business will
be assured" he adds.
Outlook for Railroads.
Daniel J. Willard. president OF
the Baltimore and Ohio railroad, Is
poets for the railroads. He does
not, however, expect freight ton.
mage to equal that of 192S-the
record of American transportation
history.
| I'VE can hardly expect the coun-
try to do a great export business
while present disturbed conditions
in Europe continue" he said.
Thomas E. Wilson. Chicago
packer, said: I'VE will have pros.
perity in 1924. Good business win
prevail provided business men give
it an opportunity and continue to
sound an optimistic note"
| Retail trade for 1924 will greatly
exceed that Of 1928, which was 20
to rs per cent better than in 1929"
declared Thomas May, of Los An.
geles, president of the May De.
partment Stores.
LOS Angeles building record OF
SITS, OO0, 900 in 1923 will be eclipscd
| in 1924" promises Sylvester
weaver, former president Of the
Chamber of Commerce.
Secretary of Commerce Herbert
Hoover said: I'VE have never had q
cleaner situation than at present
and never have we had sounder
business situation than at present.
We have more employment at
higher real wages than ever before.
more buying power than In a
decade, a larger demand for homes
and an extensive buying of build.
ing materials"
Henry G. Dawes, Comptroller OF
the Currency, said: "In the past
year profits OF national banks were
1903 500, 900, Notwithstanding the
writing off of $3.50, O0O, 900 in losses.
Dividends of $4,000, 900 were paid.
setting a record in the history of
national banks. This reflects the
eminently satisfactory condition
national banks, and forecasts theic
ability to fully meet the demands