The Washington times., 1925-05-28
SUMMER TRADE
HERE To BE
NORMAL
Business Conditions Favorable,
As Reflected by Banking
institutions
By RICHARD HATTON.

Business conditions in the Dis
erict OF Columbia, as reflected by
local banking institutions. continue
favorable, with distribution OF COM
modities being maintained at normal
for this season OF the year.
Disappointment is expressed In
some quarters over the fact that
the summer trade has not expanded
a. rapidly az was expected, but, 1t
is pointed out that possibly the
expectations were q bit too opti.
mistic. There will be, nothing in
the nature Of a boom In business
here. according to those who watch
the market with an expert eye. On
the other hand, there Is no indi.
cation that the slack season viii be
below normal or that there viii
be- Anything in the nature OF q
slump In business, even during the
summer months.
The same conditions prevail in
Washington which affect business
ln other sections Of the country.
There Is uncontrovertable evidence
Of q large volume OF business gen.
Orally over the country during the
pad few months. Published bank
stat aents reflect this In practically
ali scttons of the United States,
iAnd there seems no reason, accord
ing TO local financial experts. why
the physical volume Of business dur
ing the rest Of the year win not be
eqlIa1 to. IL not greater than in
Prices To Be Stable.
Reports from many sections Of
the country indicate that there Is
not likely TO be any general ad-
van6e In price levels but that an
incre ased volume OF business wiz
be Eegistered by larger turnovers
dependant upon the creation Of a
desire to purchase on the part of
the public. In this connection 1t
II F5inted out that advertising IL
stinfilating buying to greater ex-
tent than ever and that the pub
lie G. not boarding cash, but is pay.
ing nonsiderable attention to prices
and Il buying to the best ad-
vantage.
Aebording to Commerce Month
~: While there Is room for argu.
ment as to how much any specific
industry may be overbuiIt In rela-
tions TO potential domestic and ex.
port demand, 1t Is futile to deny
that there is q material over
cep4eity In. many lines at current
UENC&M- 16GIdu LT60S 41kAS @40GGn 6OO0
evet since it's recovery from the
so-cAHed buyers strike" OF 1920,
the samaritan people have been
most comfortably provided for and
fureitsn demand for American pro-
ducts has been most amply salts
fed vet much of the time many
industries have operated a good
deal short Of capacity. This condi-
ton is inevitably reflected back
through the whole process OF dis
tribution and production to the raw
material markets and as a result
price advances fan to hold unless
bas&d on unqueetioned conditions OF
supply and demand"
Ample Cash Available.
Just now the tendency OF the pub
lie eeems to be TO watch its step
IN e1e matter of buying, but there
is a4llpIe cash available TO meet the
needs of most individuals and it
is predicted that the purchasing
desire win be stimulated with the
coming Of warmer weather instead
Of, - has been the case in some
seasons, retarded.
Washington is subject to FAR less
purchasing f1uctuation than most
J large cities. The demand mere i5
seaa0nally constant and the general
fIiahcial condition Of purchasers Is
maintained at normal throughout
the year. There are no seasonal
'7etadowns" in pay rolls. as in the
casG in some large cities, and the
constant influx Of visitors has
sustaining effect upon business Of
practically every nature. The pro-
portion Of people unable to satisfy
their wants or their needs here Is
exceptionally small and for that
reason there is always a very gen.
erar purchasing OF necessities and
luxur1es, even when there is an
"ofc season In other parts OF the
country.
There seems very little basis for
pessirnism in any line Of trade in
Washington at this season, accord
ing to many who are well informed
Iupon commercial conditions and. as
viewed by many financiers. the
usual quiet" season In Washington
during the summer months is regis
tering less and less quiet and more
and more activity each year. This
is the logical development OF +he
national psychology which is making
Washington less dependent upon
government and more and moro a
place Of attraction for permanent
residents outside of official life as
we'll as Of thousands Of tourists who
avail themselves OF summer va
cations to visit the national city.
With the stability Of the Govern
ment payroll AMI the constant stream
of visitors, it is pointed out, tha:
Washington Is rapidly nearing the
point where business cannot be ad-
vergely affected by the seasons.