The Washington times., 1925-05-20
BIC FALL TRADE
FOR DISTRICT
IS SEEN
Bankers Forecast Normal
Business Progress. for
Summer Season
BY RICHARD HATTON.

That there need be no pessimism
regarding general business condi-
tions in Washington this fall is the
expressed opinion of local finan-
ciers who keep in close touch with
the influences that affect CONNER
cial and financial conditions all
over the country, with especial
reference to their bearing upon the
local outlook.
In general, the trend of business
throughout the country has been
better during the two months just
past than was expected. The same
condition applies in Washington, it
is pointed out, and, in spite of the
usual let down which is supposed
to follow the adjournment of Con-
gress, local business has not ex-
perienced any serious setback. In
fact, a general survey of the sit
uation existing in Washington to-
day, from the standpoint of the
financier and the banker in inti-
mate touch with market conditions,
would indicate that conditions to-
day are better than they We're one
year ago today and there seems to
be nothing on the horizon to indi-
cate that anything out of the nor
NAL may be expected within the
next few months.
1t is generally stated that the
summer decline in business ends in
August but 1t is noted that, in
other sections of the country, the
decline has already ended and that
the business curve is now bending
upward. There are some instances,
vyh foi Iax
fallen off and may not be expected
to feel a stimulating action until
later in the fall. but every section
of the country is showing bust
ness gain and the same influences
that are responsible for this up
ward curve in other sections are
operating here.
Progress to be Normal.
Conditions in Washington this
fell will be normal said Vice Presi-
dent Francis M. Addison. OF the
Security Savings and Commercial
Bank. today. THAT is,. there will
be no let down in business, and the
usual expansion is to be expected,
due to the reconvening of Congress
and the return of those who desire
to give their children the advantages
of the educational facilities of the
National Capital. Washington will
not experience any general business
boom, but it will continue to pro-
gress normally and logically as it
has in the past
Trade in all sections of the coun-
try Is doing fairly well for this sea.
son OF the year, according to latest
available information. Costs of do
Ing business are reported as gener-
ally a little lower everywhere and
money is quoted as slightly chea per.
This applies to Washington, as well
as to other localities. There is
here stated Vice President Thomas
tional Bank. This is, in a measure,
due to the conservative policy Of
the local banks and it speaks well
for business conditions In the inn
mediate future. Washington should
experience healthy and normal
fall trade. The speculative trend is
not present and business is meeting
the requirements of the season in
q normal way"
1t is noted that the business re-
covery in the country has developed
slowly and il is pointed out that
the slower the recovery the longer
business is maintained at high
level Speaking of the situation in
Washington, Vice President Harry
G. Meen, of the Washington Loan
and Trust Company, said: THE
present tendency toward a reduc-
tion in taxes is having a psyche
logical effect upon business eyerv-
where. Washington is going ahead
and 1 believe that when the busi-
ness of the year is footed up, the
results will be found TO De most
satisfactory There is nothing in
the situation at present To indi
cate anything but normal eXpan-
sion here"
Prepare for Fall Trade.
There are indications that the
larger mercantile establishments IN
Washington are preparing for gen.
erous expansion In fall trade. En-
largements and additions to guar
ters are under way in several in
stances and the fall stocks will be
adequate to meet the increased de-
nnands. From observation and in
uuiry." said J. NJ. Riordan, cashier
of the Bank Of Commerce and Saw
ings. II believe the year will show
better profits than were obtained
last year. Prospects for the fall
here are exceptionally good"
Floyd E. Davis, president of the
the Lincoln National Bank, is an
other close student Of local condi.
tions who views the fall with op-
timism so far as business is con-
cerned. Speaking of the local stu
alton, today. Mr.. Davis said: "Busi.
ness in Washington is bound to
continue good and to increase dur