The Washington times., 1924-02-04
IMPROVEMENT
NOTED FOR
JANUARY
First Month of 1924 Came
Up to Expectations, Finan-
cial Editors Say.

BY MERRYLE STANLEY
RUKEYSER, financial editor, New
York Evening Journal-JanuarS
business was large and the ex
panding tendency is discernible ir
many lines. With an active build
ing program on, with the leading
automobile manufacturers engaged
in huge production. and the rail
roads still buying, the steel in
dustry is especially active.
Flow of funds to New York since
the first of the year has substan.
| TALLY eased money rates. Frank
A. Vanderlip predicts still lower
interest rates, especially IL Secre.
tary Mellon funds the floating debt
after tax reduction bill passes.
Investment absorption has been
satisfactory to underwriters.
BY FRANK "a. WOODFIELD,
financial edition. Baltimore News =
Predictions for good business dur
ing the early part of 1924 were
fulfilled during the month Of Jan.
uary, business being good in, most
lines. Unemployment remained at
about the same low level it has
been during the past few months,
being wholly seasonal. Money has
been easier and bankers here ex-
pect 1t to continue SO for some
time. Local bond offerings have
been we'll received, as, indeed, have
all offerings where the prices were
on basis which dealers have con.
sidered right"
BY r. ALGER DAKE, financial
editor, the Wisconsin News, Mil
waukee-Business in this district
during the first month Of 1924 was
very satisfactory and the outlook is
promising. Credit conditions are
easy and there is plenty of 'loarlable
funds for sound business enterprises.
Local bond issues of merit are be.
ing eagerly taken up by investors
ana the general investment market
Is exhibiting considerable strength.
BY H. H. HALLAUER, financial
edltor, Rochester Journal and Post.
Representatives, in most lines has
come up to expectations and
merchants appear rather optimistic
over their prospects.
money rates are a great deal
easier mere. Banks have a good
supply OF money on hand to loan
upon reasonable security.
Local bond houses and their sales
men are very much encouraged in
the manner that new offerings are
oelng received by investors. The
manager OF one OF Rochester's larg.
est houses expects 1924 will exceed
an previous records in regard to
their bond sales.
BY e. L. RONEY, financial editor
Minneapolis Evening Tribune-.Jan.
uary business in most lines was
satisfactory and up to expectations
There is no apparent change in the
money market here, which has been
easy Tor some time where suitable
security Is offered. Public utility
ponds issues have met better favor
among local investors and local in.
uustrlaI issues, of which only a few
nave been brought out,
BY FRANK H. MELOON.. finan.
cial editor, Boston American-First
months business for the new wear
fulfilled the predictions made hv
most New England business leaders
CadlIlac Auto Company, of Boston
reported closing largest Januarv
business in point of sales in both
new and used cars Of any January
IN ITS history. The expectation Of
easier money has prevailed for sew.
eraI weeks in commercial circles in
thls section. Investors have been
taking kindly to new bond OFFERINGS
partly because most of these offer
1ngs have been made more than
inviting.
BY GEORGE r. MCINTYRE
editor, Chicago Evenine
Observation-Disclosures in all lines in
Chicago and the Middle West wa
somewhat disappointing in the early
part Of January, but it improved
toward the end of the month. and
February promises to be about nor.
NAL.
Bankers are not inclined to believe
there will be any further easing of
money rates IN the immediate fu.
SAAO' ANO" AOA N 40 10 De I1lrlV Il
well loaned up and calls for Middle
West funds are expected.
Bond offerings here are oeing
readily taken as an evidence thai
money for investment is still abun.
dant.
BY THOMAS M. DARGIE, finan.
cial editor, San Francisco Call and
POSTAL trade barometers and eco.
nomic reports indicate that 1924 has
started on its way for another year
Of prosperity. January business has
been satisfactory, with the excep.
ton of a few lines of trade.
The tendency Is for easier monev
rates until the spring, when in,
creased demands may cause a tight. |
ening.
San Francisco investment bankers
report a noticeable improvement in |
the bond market, with many new
offerings being quickly absorbed.