In Florida

Said Clarence H. Mackay (Postal Telegraph-Commercial Cables) last week, as footnote to his company's survey of Florida: "Business conditions in the state are improving rapidly and recovery from the disaster of a year ago should be complete by the end of 1927. . . . Farmers are busy. Those who became salesmen or cut down their orange groves to make subdivisions of their farms have gone back to cultivation and are producing commodities. A general feeling pervades the state that many northern banks are not informed, are pessimistic. . . ."