The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-07-30
LATEST NEWS AND QUOTATIONS OF TIE FTTENd
SEES BUSINESS
RISE IN SOUTH
By RICHARD HATT0N

a decided Improvement IN business
eonditions prevailing throughout the
South generally during the re-
naInder Of the present year and In
1923 il forecast BY George w. Vier-
buchen. district passenger agent
here for the seaboard All Line Rail
way. Basing his prediction On freight
and passenger movements as wen
as statistical reports from Dixie's
business leaders, Mr.. Yierbuchen
aaid:
'COnditions la Florida are fast
etabillzing themselves and the State
IS fast demonstrating the fallacy Of
the contention that It IS to be ranked
only as resort center or d rich
mans playground. The draining
and development OF the Everglades,
Of the richest land in the South for
agricultural purposes.
while the phenomenal boom OF
two years ago was Instrumental IL
attracting the eyes Of the nation
to Florida and land values quite
naturally sky rocketed, IS IL the
case with all bool1s, these condi.
tions have been superseded BY q
steady. healthy, permanent growth.
The State Of North Carolina en-.
Joys the greatest era of prosperity
In its history. Manufacturers of
textiles, shoes, etc, whose interests
for over 4 century have centered
iii New England points, have found
labor, power and supply conditions
In North Carolina the solution to
their business problems and the
State has done everything possible
to welcome them and as result
hundreds of these factories have To-
Gated there within the past few
years. Georgia. with its activities
centered at Atlanta, has likewise
come to enjoy unprecedented pros
perfty."
Mr.. vierbuchen has been con-
nected with the Seaboard Air Line
In various important capacities for
nearly 4 quarter OF q century. "A
native OF Washington, he has an
exceptionally large acanaintance with
the business men ard department
officials Of the Government. He is
member OF the National Press
Club, the Cosmopolitan Club, Almas
Temple Of the Mystic Shrine and
affiliated Masonic bodies OF the Dis
trict.
The dollar volume OF trade during
the week ended July %, as seen from
data on check payments, although
smaller than in the preceding week,
was larger than In the correspond
ing week of last year, according to
the weekly statement of the DEPART
ment OF Commerce.
Wholesale prices declined from the
previous week, reaching their lowest
level since the3end OF the war. Prices
for cotton. however, continued to
average higher than in the previous
week, but were still below the CORE
spending Week of q. year ago.
While prices for iron and steel
averaged the same as In the pre-.
vi6us week, the price level was lower
than for the correspo ending week Of
1895.
Loans and discounts BY Federal re-
serve member banks showed n,
change from the preceding week, but
were higher than In the correspond.
ing week Of last year. Interest
rates on time money averaged lower
than In the previous week, but were
higher than in the same week Of q
year ago.
Bond prices showed practically no
change from the previous week, but
were higher than In the same week
OF the previous year
Stock prices again advanced. bot1
as compared with the previous week
and the same week of 1925. Interes
rates on call loans declined from both
comparative periods. The FederA-
reserve ratio advanced from both the
previous week and the corresponding
week Of last year.
George j. ohanides has been
elected . member Of the board Of
directors Of the Washington Saw.
ings Bank. Mr.. ohanides il q wen
known real estate operator and
insurance man. He has been 4
resident of Washington for many
years and Is prominent In Greco.
American circles.
President Lanier P. McLachlen,
of the McLachlen Banking Corpor.
alton. who Is spending his vacation
at East Hampton, Conn, Is ex.
pected back on August "a.
For the month of June Southern
Railway reports gross operating
revenues Of $12,156, 900 al against
$12,660,OO0 in June. 1925. Net
operating income after taxes and
rents was $2.ss7 900 for June. 1897.
~ against 3S,155. 900 in June Of
the previous year.
Every hosne u the conception 81
eoHneOnese idea of everything that makes
lie worth while. Make y0ur seleCtiofl
Through thu Classified Real Estate ads.