The Little River news., 1921-01-19
INDUSTRIAL CRISIS NOW
 PROBABLY HAS PASSED
Readiustment Sets in and Business Begins to ImprOve.-Textiie
 Mills Reopen.


 Chicago, Jan. 16.-American indus try, with the smelling salts under it's nose, is starting to come out of it. Signs are growing that it is getting ready to get on it's pins again. It's a slow process, but the significant thing is that during the first half of January the movement of industry by and large on countrywide scale, ap- pears to have been upward In some regions the last week in particular has indicated that readjustment is ac- tually beginning.
 A survey of industrial centers shows that the textile mills have registered the largest resumption so far. Thus the revival starts where the depres- sion began, for the textile industry was among the first to be knocked into a cooked hat when economy first inun- dated the county last spring, and the public, overburdened by excessive prices, refused to stand the gaff any longer and started it's buying strike :"
 General Renewal On.
 With consumers refusing to con- sume and prices dropping, orders were cancelled down the line until the mills closed won. They have been slowly starting up, here and there, on part time for month or so past, but last week saw pronounced revival.
 New London, Ct,, reported general textile mills were resuming, most of full time. Philadelphia reported it's textile mills werer resuming, most of them at full time. At Fall River, Mass, 5000 workers went back to the looms, and the resumption through out New England was reported quite general. At Altoona, Pa., the silk mills reopened at 50 per cent capacity i; at Ashville, N. C., cotton mills en- ploying 5000 went to full time; at Lafayette, Ga., cotton mills reopened at full time; at Biddeford. Me, mills with 5000 workers went to four days operation a week, where they had been running three. Similar reports might be multiplied from nearly all textile communities With the resumption there were wage cuts of 15 to 25 per cent. In New England mills the general cut was 22a per cent and the United Textile Work CTS have asked Congress to investigate arguing that the manufacturers acted in concert and by prearrangement,
 Orders Being Sent In.
 What started the fabric factories going however was the fact that the garment trade came to the conclusion that prices of cloth at the mills had about reached stabilized price level AS pointed out two or three weeks ago this led to the placing of spring orders and an abatement of the cancellation fever. Then the mills started up, and the caves of industrial gloom in the mill cities of the East got the sun. It all hammers home the idea that the faster the industries get prices down to stabilized level the quicker will resumption ensue.
 In the automobile cities, factories are slowly starting up. Many of the re. openings at New Years indicated little or nothing, because many shops of various sorts closed down for a week or two as Christmas time for inven- tory and repairs But in the last week or so, several plants have re- ported a real Qnickening of activities.
 It's slow but sradual-Detroit still reports some 100000 unemployed - but the automobile business looks for a large resumption within a few weeks, and by February or Ma"rl expect factories to be lifting a god s,ned They look for a big replacement business.