Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-04-07
HOOVER SEES BETTER
BUSINESS CONDITIONS
Administration Plans General Mcns-
urcs to Restore Country to Nor
malcy-Want Advisory Board.
ny NOUVFV j. RFDuCr.
United News STAFF cSrrcsponapnt

United News Staff Correspondence.
WASHINGTON, April G.-The adj
ninis;rationsin It's general measures
TO restore the country To ''normaicy"
anticipates a gradual Improvement
In business conditions rather than
any prccinitatc development OF the
boom days of 1918.
In view OF the fact tina, mach has
becn written about ard nucn Expect
cd from the conferences now under
way between Secretary % Commerce
lioovcr and some Of The lvadin. bust
ness aud Industrial leaders OF tn.
country. IL liz well TO set "A line on
just what this administration is driv-
ing attn This work.
Wants Working Committee.
Firstly, it Is flowers desire TO get
4 thorou8hgonp working committee
to act in the capacity or an advisory
board To the Department Of Com
mcrcc. Lists OF names ar. being sub
| inittcd by different groups To insure
| representative bohy OF men whcn
the rinal selection is made. The oh
ject OF this advisory board is 10 keep
All forms Of business and the Depart
mcnt or Commerce -''in s:ap.'
Secondly it ~ the administrations
purpose to- prescribe sedn,iy"s IA the
lief where some acute domestic pain
has developed. until! tho na.uru, eco
monte laws take care of that par
| ticular situation.
business in Pain.
y good example OF this is Tho gov
| growers or the South. That business
| is nov in pain. Cotton prices are
low. and lack OF foreign crcds, Ia
| cilitics has glutted the warehouses
| with the unsoid product. Rcacting
| 20 the law of supply and demdn /.
cotton growers have materially de-
| creased their acreage. Ii is cstima,nd
that before June II viii he found
| this year Is between 30 and 30 per
cent less than last year. Economic
! laws VIII then enter and take care
| OF the situation confronting cotton
growers. because, when II is learned
there Is to be less cotton. the PRICES
naturally will go UP. Meantime. 10
relieve the pain, now acute, several
millions of dollars will be. provided
from tho War Finance Corporation
| to take care OF credit needed for cot :
ton growers To shin their surplus
tration officials that June will mark
the period when the cotton business
| begins 10 show signs az 'nurmalcy.'
| 10 lay Down Plans.
This will bc thu general course OF
the administration toward nli ailing
elements ia our economic lie. Con-
| structivc nlans for the future To ef-
feet sound basis for eventual lc-
|
| Will he laid down by Hoover. work :
| ing in cooperation with his advisory
| committee OF business leaders. Al
| the same time. emergency relief 10
tako care OF acute distress Will be
| provided when needed.
business. generally speaking. IL not
| good. Some authorities state pri-
vatciy that in general it is not oven
! so good as II was two months ago.
| But this is due largely 10 the fact
| hat the public is awaiting develop
| mcnts. Many, believing correctly.
| that prices have not reached their
| lowest level, are waiting until they
| do. Relief that both railroad wages
| and freight rates are destined for a
| sharp reduction. in turn reducing the
| cost OF many commodities, has
| strengthened this waiting attitude of
| tho public. But. az one administra-
| ton authority in imin cdiate touch
| with the whole situation said:
| puyfnE Is iuevitnhic.
| People today are eating Just aS