The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1926-07-08
FACTORIES FIND
b TRADE GOOD
BY RICHARD HATToN


According to a survey made by
the National Association Of Manu-
facturers, it appears that the dan
ger OF a summer slump in industry
in the United States has passed and
the road is now clear Of possible
obstacles to business.
Industry throughout the country
Is said to be operating at "a per
cent of capacity. In spite OF the
fact that In some localities sales
have diminished or have been below
normal, It is found that nanutac'
turerS' orders are keeping up to the
level OF previous years and that the
demand from the retail trade for
fall deliveries has not fallen off.
President John e. Edgerton. OF
the Manufacturers Association, Is
quoted as saying:
When the industries Of the ma
ton are running "a per cent or
their maximum employment ca.
pacity at the end of June, there GER
tainly seems to be little ground for
pessimism. We are now at the time
OF year when there is supposed to
BE- q slump in production, a slump
In employment, and a slump IN
wages. But our survey shows not
one Of these relaxing phases"
Survey General
The survey was general and COW
cred automobiles, agricultural nipple
ments and supplies, cement and
clay Industries, chemicals and drugs.
electricity, and food products,
furniture, glass, crockery and porce-
lain, iron, steel, jewelry, leather,
paper and pulp, plumbers and
steam filters supplies, rubber, sta
tionary, printing and books, textiles,
tools and hardware, toys and novel
ties. and miscellaneous groups.
While Washington is not directly
affected by manufacturing condi-
lftons It does reflect the general
business spirit Of the country and
cannot long remain duh from a
business standpoint when the rest
OF the country is active. AS
matter Of fact there is every EVIL
;dence Of activity along such indus
trial lines. building for example, as
are carried on here, and the real
estate market is well sustained.
Getting off to a rather bad start,
possibly, on account OF late
Spring. g4A4S CITY WILL 0Al0OQDICN1y
find In its general business before
many weeks the reflection of that
sprightly movement which is fore.
cast by the President OF the Manu-.
1acturers Association.
Progress Here Assured
As has been stated in this column
by many OF the most prominent
1Inanciers in the city, basic condi-
lions In Washington are such that
progress is assured and optimism
In merchandising would seem to
be the only possible attitude with
which to meet the fall season.
Those who survey. the country
IN its entirity with a view to draw
Ing economic conclusions unite In
predicting a brisk fall trade every.
where. None OF these experts has
made an exception OF the National
Capital, and there is no apparent
reason why such an exception
should be made. The remainder Of
1926 will be a good business year
everywhere, say the students OF
manufacturing and t-ade conditions.
Obviously, this Includes Washing
ton.
Francis NJ. Savage, president of
Ino CenIfaI savings Bank, VINO re-
Gently left with Justice McReynoIds
for tour through New England,
reports that the Comptroller's call
of June 80 will show that the bank
had q gain in deposits Of SIS, 476.19
with total OF S,495 savings ac-
counts. Deposits June 80, 1926,
Comptroller's call, were SAT-, 161. rs.
deposits April II, 1926, 1881, 685.56.
President Peter A. Drury, of the
Merchants Bank and Trust Com
pany Is being congratulated by his
many friends upon his 62nd birth
day. President Drury is among
the foremost businessmen and bank
ers OF Washington and has con.
tributed largely to the advance
ment Of the city and 1t interests.
To his management of the Mer-
chants Bank and Trust Company
Is attributed the remarkable de-
veiopment of that institution to a
foremost position among Washing
ton financial organizatt ons.
W. W. Spaid, of William B. Hibbs
& Co. has returned from attending
q meeting in New York Of the
executive council Of the out-of-town
section Of the Association of Stock
Exchange Firms, Of which he is
chairman.