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BUSINESS OUTLOOK VIEWED WITH CONFIDENCE IN EAST More Optimism Displayed by Authorities Today Than at Any Time in Last Three Years; Advancing Prices Revive Hope. BY LEON B. BAKETEL Financial Editor, The Oregonian. Although warning against overen. thusiasm at present, most eastern authorities, the for today with greater degree of optimism than any time during the last three years. It is pointed out that political obstacles to recovery are yielding to that finan cial burdens are being scaled down and bond and advancing prices are hope and confidence. The First National bank of Boston in its review Despite midsummer dullness, there has been noticeof able in sentiment in busine and financial circles. This better is accounted for by the lessening of necessitous relaxation of financial strain, sharp decline in suspensions and grow ing to grapple with knotty problems in Commodity prices have vanced steadily for four weeks, and the bond market has shown sustained firmness for some time. The Business Digest said For the first time months is ginning to show some signs of improv Steel production has rebounded sharply from the low established early July, car loadings are increasing by a greater amount automobile production holding as well as be expected at this time Rising prices breed the confidence a recovery from business depression; advancing bond prices not reflect in but also to accelerate that improvement. Therefore the strength evident in these two markets during the last month brightens the prospects of an autumn recovery in busiand security marked betterment of business and banking seen in the past month has been based largely on relaxation of financial tension following the outflow of gold, lessening of international and domestic political anxieties the reparations settlement and adjournment, improvement in commodity prices, strengthening of security markets, increased stability in business indicators and generally said Business good crop prospects, Week of York. east Portland bank was received at the offices of A. Schramm. state super intendent of banks today. The bank will be in the Mount district and will have of $50 000, surplus $20 000 and its of $5000 are E. B. Mac. Naughton, H. Mackie and C. B. Stephenson, all of Portland. Bank at Silverton Closes. First National bank Silverton, Or. for and its affairs were placed in the hands of the federal bank for liquidation E. Haight was and H. B. Arizona Latham, The latter E. R. Adams last spring.
