Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-06
BUSINESS ALREADY
SHOWS EXPANSION
Steady Gains, But Booms Are
Following EIection-More
Buying Noted.

Special Dispatch to The Star.
NEW YORK. November 6-Politics
has been eliminated from the bust
ness situation as a result OF the quad
rennial election operation, the patient
has come out of the anesthetic and
viii soon be on it's feet again better
than ever. That is the way business
men all over the country expressed
themselves today. This is not a
partisan view. Adherents of all
parties are glad it is over. Leaders
or all sorts look forward to a period
or healthy prosperity. based on gem
cral economic conditions through the
country and the world, and they have
already begun to prepare to take ad
vantage of it,
The orders for more materials larg-
er production and heavier advertising
which have been released since Tues
day have been issued not primarily
because of the result, but because
election itself has passed. The pro-
grams of business had already been
made and appropriations for adver-
using already set aside. They had
simply been held up during a period
Of uncertainty.
Election Iieases Armour.
The result, however. was none the
less marked today, according to tele-
y,
showing first in consumer buying.
From Chicago, the packing interests
report strengthening of markets
Tor products sold for future delivery
and predict continued bettcrnent. j.
ogden Armour declared the result
of the election would benefit not only
the packers, but all business
The large mail order houses. after
a record month in October, state they
fnr
ment this month. Railroad loadings
are at the highest point of all time
IN the West. Bookings of over so 900
tons Of steel are assured Western
mills for this week and plants are
preparing to increase production
MIL executives predict higher prices
Railroads are coming forward with
steel orders at Gary. Pittsburgh and
Youngstown, which had been held
up.
Better buying in W~~t.
In st. Louis. merchants report def
mite improvement in both Inquiries
and purchases since Tuesday, espe-
cially in musical Instruments furni-
ture. Jewelry and expensive clothing.
Large orders for coke and steam coal
hled before election by industrial CON
sumers have now been released pre-
paratory to increased production.
Large orders for lumber in the Pacific
Northwest are now commencing to be
released. Manufactur on the Pacific
Coast expect their peak Of sales to be
reached before January l. In the South
west orders for considerable new CON
struction, many loans and much adver-
Using which had been held up by cleo
ton uncertainty have been placed The
stockmen were the most jubilant Of the
tho1,
feared continued depression il change
Of administration occurred Much con-
struction will now go forward in that
section since the loans have been as
sured.
Cotton Outlook Good.
In the South leading financiers of
Atlanta pointed out today that the
election had practically assured hearty
corporation of the country in the func-
tioning of the Dawes plan for European
reconstruction, which will mean enlarge
ment of markets for Southern products,
especially cotton and cotton goods.
They expect business commitments
in the South to become freer. Heads
Of the leading commercial houses of
New Orleans viewed the passing of
election with satisfaction. since it
removed a damper on business ex-
pansion. Cold weather, they feel. is
all that is necessary now to start
active buying.
Cleveland wires that the first con
crete evidence of the post election
pickup was the closing of two orders
for 1900 tons of pig iron by the
Youngstown Sheet and Tube Co. The
company has increased the price of
pig iron 80 cents a ton.
The New York and Philadelphia
districts are beginning TO feel the
effect of released orders and while
production increases have not yet
taken place. they are in preparation.
The New England textile men are
more confident than at any time this
year.
Steady Gains Without Boom.
This trend, it is made plain every
where. Is based mainly on general
conditions Leaders do not look for
a squirt or a boom, but for steady,
healthy business, with a gradual up
turn fully warranted by the PROS
perity of the Nation, the improved
condition Of the farmers and general
employment
The bankers view was expressed
by Charles e. Mitchell, president OF
the National City Bank, who said :
Both at home and abroad the con-
ditions are more favorable for a Pc
Rod of stable prosperity than at any
time since the war" John J. Mitchell,
president Of the Illinois Merchants
Trust Company. and Arthur Reynolds
of the Continental and Commercial
Bank of Chicago echo that sentiment
on behalf of the Western bankers.