The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-09-01

Speaking today of the general
outlook for the remaining months
of the year 1925 and referring eSpe
cialiy to present and future bust
ness conditions in Washington,
President Milton E. Allies, of the
Riggs National Bank, expressed the
belief, based upon a consideration
of all available information regard
ing causes and affects that 1.-The
business horizon seems to be per-
fectly clear and there is every rea-
son to expect a vigorous fall and
winter buying season, not only in
Washington, but throughout the
whole country.
While much of the prosperity
of the country is based upon agri.
cultural production said Mr..
Allies, there are many other fac
tors which must be considered in
finding the cause for the present
very favorable outlook in every
commercial direction. For instance,
the attitude of the Government in4
regard to the railroads sounds a
reassuring note in the general chorus
or optimism, while the interna-
tional situation, as it affects the
United States, is especially favor
able owing to the efforts to ar
range foreign debts and other mat
tiers at issue between this and
other countries.
Also, the fact that England, Hol-
land and Germany are on a gold
basis has an influence upon the
world trade which cannot fail of
favorable affect here.
Many of the old familiar bar
ometers of business, freight traffic
on the railroads., bank clearings.
bank deposits, the steel output, etc.
give sure indication that business
is progressing certainly upon nor
NAL basis, if not something above
normal for this season of the year.
Another indication which fore
tells good fall business in all sec
tions of the country is the excep-
tional amount of building construc-
ton now in progress or contracted
for. These things, with the now
wheat harvest will be larger than
last year, while corn promises a
large crop and cotton seems to be
in better condition than for some
time, give every assurance Of gen
eral prosperity.
LAS to business expansion in the
immediate future, lf1ere seems no
reasons why any legitimate bust
ness enterprise should not take ad-
vantage of prosperous conditions as
there is ample money to be had at
reasonable interest for every we'll
directed business undertaking.
Speaking specifically of the Ma
tional Capital, Mr. Allies contin-
ued: 1t may be true that in some
lines of, trade activity has not been
up to expectations here this sum-
mer, but / believe the general
business situation in Washington
during the so-called quiet months
has been above normal.
sit must be born in mind that,
even under most favorable circum-
stances, there are bound to be
some business disappointments
These are not, however. always
due to lack of business. Poor bust
ness judgment may be a factor.
From observations which it is pos
sible to make from the standpoint
of the financial institutions, /
should say that there has been
very little to complain of in Wash
ington and, certainly, there is
every indication that Washington
will reflect the general business up
lift that is apparent throughout
the country and that we may count
upon one of the best fall trade
periods in the history of the city.
Business representations re-
garding Washington may be predi.
Gated upon the same premises as
for the rest of the country. Since
1921 business has been progressing
towards more healthful state.
There have been occasional set
backs, naturally, but the general
movement has been upward. Inso-
far as business conditions here are
affected by circumstances abroad It
is worth noting that business abroad
has been quickcned by a decline in
radicalism and a return to moro
normal political thought. l believe
the same influence is working m
| the political mind of this country. -
! Mr.. Allies pointed to the great
amount of building which is now in
progress in Washington as well As
| to the opening of suburban sections
as evidence Of the continued grown
OF the city in population. "An in
creasing population" he said.
means increasing business oppor
tunity and there is every indication
that the population of Washington