New Britain herald., 1926-12-27
Repeat Assurances That Everything Points to 1927 as Being Normal and Prosperous.

New York, Dec. 27.-lP-Beacons in the banking and industrial world point fair weather course for the good ship business in 1927. Fore casts of optimism. tempered with notes of conservatism. We're available today in statements on the outlook for next years business from heac. of railroads. banks and industrial corporations.
 The navigable seas of commerce are not threatened by dire storms as far as can be seen. the prognostica- tors say. High pinnacles of predic- tion follow:
 James Simpson, president of Mar. shall Field and company, says:
 Tn my opinion business will con- tinue during the next six months substantially on the level of 1926. Business and government have been conservatively, although progressive ly. administered during the past year, and fundamental conditions are left in good balance, auguring well for the period immediately ahead. Merchandising activity gen. erally has been successful. The retail sales of Marshall Field and Company have been the largest in our his- tory"
 Ebert H. Gary. chairman, United States Steel Corporation, said: If business shall be seriously diminish ed during the coming year, it will be the fault of ourselves, not the fault Of natural conditions of the the lack of consideration and fair treatment by the national adminis- tration." The opportunities for suc- cess in business have been better than ever before, he said. These op- portunities he listed as rich re- sources, including cash balances in banks: Yearly improvement of bank ing facilities since the creation of the federal reserve board, little dis agreement or dissatisfaction in in- dustrial and labor circles.
 Alfred P. Sloan, Jr,, president of the General Motors Corporation, says it now seems reasonable to ex- pect that the 1927 production of automobiles will equal if it does not exceed the previous four year aver age. He predicts that 1927 will be good and satisfactory year for the automobile industry.
 Lammot Du Pont. president of the E. I. Du Pont De Nemours and com company says:
 "As the year 1926 draws to a close, we do not see any element in the industrial or economic situation which would indicate trouble or de- pression ahead.'
 William Sproul, president of the Southern Pacific Company, has this to say:
 ''The indications are that railway traffic volume and financial results for 1927 will compare fayorably with these of 1926"
 R. L. Agassiz, president of the Calumet and Hecla consolidated Copper Co.,, view the coming year as follows. .....
 The worlds economic structure is so sensitive that we cannot always be sure what a week or month will bring forth, but, judging by condi- tions as they now present them- selves, I have every confidence that the coming year will be a prosper cus one for the copper industry"
 Patrick F. Crowley, president of the New York Central lines. says that indications are that 1927 will be a year that might be termed generally satisfactory so far as the railroads are concerned in that the | prospects for the volume of traffic | do not. at this time, present any un- usual outlook.
 '"The business weatherrnan may confidently predict smooth seas for | 1527," says Alvin Krech, chairman | of the board of the Equitable Trust | Company.
 F. Edson White, president of Ar mour and Company. says: "The year 1927 dawns without any clouds in the business sky