New Britain herald., 1925-08-19

| '''N l4pii anu N''I id!lllN rN I'l t'lItf We may then expect good business this falI-no boom. hut seasonal ac- tiyity or better.
 The Money Market "With such q prospect, Wo n7tur-
 ally want 10 know tho outlook for
 the banks and the money market
 T see no reason 10 worry Hhout
 any credit stringency. The ratio Of
 loans 10 deposits, for member banks.
 IS low enough 10 indicate adcQuat
 credit. Alarm over large inycstmon,
 holdings and unnecessary. Ther.
 may be some liquidation of securi- ties 10 meet seasonal demands. but commercial banks will have no trou-
 ble and reserve banks are in 4 strong position to helr.
 As 10 money rates. I oyptct just about the usual fall increase. Tnc demand for money will work in this direction. Open market operations or reserve banks, judging from this years figures and those for last wear are not likely again to kocn rates abnormally easy, The International movement Of gold won't bc factor this fall. Reduction Of short limo nanh loans abroa1 q smaller gov erhnent debt and some Iiqlilarion or investments should prevent rator 1 rom becoming unrcaSouaElv high ."
 Mir. Dunn said.
 Railroad Outlook
 Present indications are tLat rail road freight business during the resi- ot this year will he as large as, and. Tn fact in most parts Of the conn., ! Try larger than if ever has been in the last one-third of any nroyjous year, The weekly carloadlngs re- gently have exceeded those of cor responding weeks Of 1a24 and 1923. l hoy arc not an exact measure of | shipments, but analysts of the sfa- tiS'lcs of lo7IiNEs shows that tho actual number oF tons of freight being shipped is substantially larger than year ago, and approximately the same in 1928, the record year, "Fhnre arc several good r. asons for believing that inc increase in shipments will continue. Total freight business during any period | depends upon rornral business con dttions, upon coal slrpmeus and i upon tho crops, There seems to l,e ! unanimi'v of opinion among leaders | of husinoss that present general con ditions arc scunI. Shipments of ! coal arc such an important factor h'canso it constitutes so large a | part of ihe total tonnage. There is less cool in storag" now than in any | mid summer for thr"" years. and therefore the amount transported during the rest Of tho year will be unusually large. Finally. the crop situation in Eanera sc"ms to be fat- orahl" The r7j17avs stin have sur pusos cf 'ucomofi,os and freight cars vhloh indlcate they nlll he able to meet the prospective demands upon them,
 "Whtle frotvht business is good and rromistng the same cannot he said of passenger business. The in CTeoSe in the usa of prv7'e au'omo- hles and motor hussos has caused a S'"ady reduction of passenger buei- ness einco 1929. and in every month of this year it has been loss than last year
 "Whtle freight business promises 70 break records in most sections this cannot ho s7id of inc central western and northwest ern parts or the country h"cauSa of inc Panama Canal competition and o'hor causes freight business of the railways in th'ea territories Is loss than in some former years, but it IS larger and promises 10 continue larger than .n 1924"
 Conditions Excellent.
 Tn our judgment" s7iI Nr Simn- son, general merchandising condi- tion5 are excellent.
 The crop condition of fine Coun- try is excellent and thr purchasing power of the country great as 1t ie at the moment promises to he even better for the rest Of Inc year.
 Our own business shows healthy gain in volume Of distrihn- ton over the same period of yrar ago and We anticiuatc that our dis trihniion for inc rest Of fho yrar "ill show an even larger gain for the period up fo date.
 Retailers stocks are compara- lively low, and while they have an .iciPated their fall requirements 10 il greater extent than in inc last two seasons. wo believe that the de- hands. to be made upon them will compel frequent trips 10 market tn -eplenish their stocks"