The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1926-05-03
TRADE OUTLOOK
SEEN GOOD
BY RICHARD HATT0N

REPORTS from Pinehurst. N. c.,
where members OF the executive
council of s the. American Bankers
Association are gathering today for
the annual spring meeting, indicate
that there is q degree of optimism
in financial circles regarding the
business outlook in the United
States. The consensus OF opinion,
as reported from Pinehurst, seems
to be that there viii be a salts
factory REIMBURSEMENT of business
without depression with money ana
credit conditions favorable.
President John B. Larner, OF the
washington Loan and Trust Conn
pany; president George o. Watson,
of the Liberty National Bank, and
Joshua Evans, jr.. executive vice
president of the District National
Bank, are attending the Pinehurst
President oscar Wells, Of the
First National Bank Of Birming-
ham, Ala, safd: ''Since the begin
ming of the year some adverse
symptoms have put in an appear
ance. The stock market Is the
most spectacular and perhaps the
most significant, whether viewed as
q cause or an effect. Whatever the
final outcome may be Of the terni-
nation Of the bull market or how
ever temporary the effect may be
on trade and industry, 1t can
hardly be denied that the imme-
date result was depressing.
Melvin A. Traynor, president OF
the First National Bank, of Chi
cago, first vice president OF the as
ISOLATION, states that the total
volume Of business in the Chicago
district for the first quarter OF 1926
was certainly in excess of the
volume for the first quarter of 1925, |
chile T. r. Preston, president OF
the Hamilton National Bank, Chat
fanooga, Tenn, second vice presi-
dent Of the association, says: BUSH |
ness conditions, as / see them. are
fundamentally sound. There are
ample facilities avail1e.e at low
rates for every legitimate enter
clxlse.'
fancis II. Sisson, vice president
O. the Guaranty Trust Company. |
New York, president of the associa-
tiofi,s trust company division: The |
effect OF the stock market decline
has naturally been to unsettle opin-
lon respecting the future. II is
heightened by weakness in prices OF
Is whether the market Is forecast
Ing conditions and indicates a need
for added caution. On the whole, it |
may be said that recent business
developments have been fairly re-
assuring
Grant McPherrin; president Gen.
tral State Bank, Des Moines, presi- |
1ent State Bank division Of the
association, reports that in Iowa |
he country banks that have oper-
he'd on a conservative basis are
rery much encouraged and accord
ng TO Alexander Dunbar, vice presi.
dent and cashier, Bank of Pitts |
1urgh, n. A., Pittsburgh, president |
of the associations clearing house !
section: The business situation in
the Pittsburgh district with the ex-
seption of one or two lines con-
tinues good with excellent prospects |
for the remainder Of the year.
M. z. Holderness, vice president |
First National Bank, st. Louis, |
chairman OF the associations pub
lie relations commission: THE out |
look appears to be under the in |
Eluence OF two opposing forces and
Il consequently more indeterminate |
than usual. Psychologically bust
ness is suffering from nerves due
to the violent recession of the stock |
market, declining commodity prices
and an unfavorable foreign trade
balance"
Burton M. Smith, president bank
Of North Lake, Wis, chairman OF
the associations agricultural com.
mission: THE farmer or business
man who is not over-expanding and
extending credit beyond reasonable
limits has little to fear from present
economic conditions"
Dan HI. Otis, agricultural director
Of the association: From the I
standpoint OF agriculture and its ef-
feet on business there are several
that are encouraging.
Farm land is beginning to be in de-
mand. Our farmers are realizing
more than ever the folly of the one
crop system"
A form of rifle sight has been
invented to be attached to an arch
IRIS bow to enable him to aim his