The Washington times., 1924-02-05
TRADE OUTLOOK
GOOD, SAY
LEADERS
Business Conditions and
Prospects Viewed With
Optimism.

Business conditions and prospects
throughout the United States are
viewed with optimism by American
industrial leaders, according to ex-
pressions Of opinion obtained today
by the Cosmopolitan News Service.
Substantial improvement is report
ed for most Of the basic industries,
as reflected in various statistical
summaries and reports.
E. NJ. HERR, President Westing-
house Electric and Manufacturing
Company, Pittsburgh, says: 1.-THE
outlook for American business is
favorable, most lines of activity are
holding up very well. and world
wide conomic conditions are certain
ly improving.
II look for no wide expansion of
industrial and commercial activity
IN the near future. Some manufac-
turing lines viii mark time, others
may decline slightly in operation
and output until the spring season
opens.
''The more hopeful aspect Of af-
fairs in Europe and the favorable
legislative situation at Washington
are encouraging to American bust
ness men,"
U. $. SENATOR JAMES COU.
ZENS Of Michigan: Business con-
d1tions and business prospects in
the United States are viewed with
optimism by those in most intimate
touch with the business pulse Of
the country. Officials Of the Gov.
ernment in a position to follow the
commercial trend, generally have
rosy opinions and it would seem
tnat these opinions are founded
upon a careful analysis of the dif.
rerent factors in business. 1t is to
De assumed that the hopeful predic.
lions OF the business future are well
based, and that the optimistic state.
ments or men In the Government
ana In industry will not lead to
over expansion where such a situa.
tlon would not be warranted"
X. F. PACK. vice president and
general manager of Northern States
rover company: There already
mas set In a somewhat gradual but
none the less certain Improvement
IN agriculture and Industrial condi.
IONS throughout the northwest.
we nave not experienced any seri.
Gus depression but in common with
the rest OF the country we feel
worldwide conditions which are
somewhat aggravated here by the
agricultural situation. However.
farmers are adjusting their methods
TO meet existing conditions and
business men are conscious of and
neartened by the improvement
which Is slowly but nevertheless
very surely taking place"
THOMAS E. WILSON, president
wilson and Company packers: "The
tuture gives much promise Of con-
InuSo prosperity. The fact that
employment is general shows that
traoe is In good condition. Our
safes reflect this. There is but
nttle doubt that If the policy look.
ing towards substantial tax re-
auction can be carried out It will
prove to be q stimulating tonic for
business"
A. H. DUDLEY. nanarer RaIti.
more branch Federal Reserve Bank:
evidence OF substantial improve
Luent IN most important basic in
uusIrles or the district are reflected
IN Ianuary's statistical reports and
summaries. There have been some
recessions recorded as compared
with high marks reached in the
spring Of 1923, but the physical
voiume continues In huge proper
ions. Agriculture has demon
strated to an extent it's capacity
Tor recuperation. Betterment in
the transportation indusry is shown
IN current reports. Trade ba-
rometers, such as freight car load
ings and untitled orders for steel,
continue to indicate a high degree
OF activity. The aggregate bank
ing transactions Indicate an increase
IN the volume Of transactions.
The comparatively even keel on
which business seems to be NOV.
ing In most industries can reason
aply be taken as a good omen that
we are building safely for future
prosperity"
JACKSON A. GRAVES. president
|Merchants' National Bank, Los An
geles: christmas business proved
the people have money, and are
willing to spend It. This year will
run 1928 close race II not ex-
ceed II in money spent for new