The New York herald., 1921-12-27
Country Prepared to Turn Out
Fifty Billions Worth of
Products in 1929.
BUYING MOVEMENT FELT
Government Officials Conf
dent That New Era of
Prosperity Is at Hand.
Speoial Dispatch to THE Nrw YORK HrR,LD
New York Herald Bureau.

Sp,oidl Dispatch to THE NEw YORK HpE,Lp.
New York Herald Bureau.
Washington, ID. G.. Dec. 26.
More than $50, 100000 worth of
goods and manufactured products can
he turned out by mills and factories
during 1922, it was estimated here to-
day on the basis of industrial reports
10 the Census Bureau.
The nations industrial world is pre-
pared to meet prosperity which, Gov
eminent officials believe, will begin to
develop early in the new year, termi-
mating widespread unemployment. In
the United States and throughout the
world, a strong buying movement is
beginning to be felt. The country, it
is indicated. is prepared to climb COM
pletely out of econonic stagnation
which gripped business through most
of 1921.
The gradually rising tide OF better
business means increased profits. IN
creasing salaries for workers and
higher wages generally. Government
officials who are in touch with the
business world directly believe the tide
Of depression has been completely
thrust back.
Shipments are on the Increase on the
railroads. Bank c,earances are gradu-
ally rising in many big cities Retail
dealers are beginning to order In larger
volume. Department stores report in
creased sales. The coal output is in
creasing. it is shown in the official re-
ports from mines to the Geological Sur
vey. Big manufacturing concerns and
corporations are meeting more promptly
their Federal tax requirements. The
money market shows a quickening of
demand. Idle dollars are being put to
work.
Unemployment is steadily decreasing
month by month, according to reports to
the Labor Department. Mills and fac
tories In every section of the United
States are hiring additional workers and
reducing the period of partial operation.
In some sections factories are running
fun time. The textile mills of New Eng
land. the middle Atlantic States and in
the South report more and larger orders
In New England also the leather and
woolen mills are working longer hours.
Not more than 100000 workers are
now Idle, 1t Is estimated here although
there Is no exact data covering the entire
country. a year ago unemployment In
volved more than 100000 workers. Dur
ing the summer and fall approximately
100000 men and women found more or
less permanent employment. 1t is indi-
Gated.
The average Industrial worker now Is
earning at a rate slightly in excess of
$1,000 year. A few weeks ago the
average rate was only 5000. Many
workers of course are earning far more
than this. But the average is found to
be In excess OF $1,000 year when un-
skilled labor Is included. The slight In
crease in the average rate of earning
power Is taken as one indication that the
entire country is beginning to expert
ence a flush Of returning prosperity. 1t
shows that In some sections there are
not enough workers to fill the jobs avail
able
steady Increase is being recorded by
the Commerce Department I'm the ton
rage of the nations export trade. upon
which prosperity must be based II II is
10 be experienced by the country. For
1921 sales of American goods in foreign
markets totalled more than $1,000, ,000.-
o0o. despite worldwide depression. A
larger total tonnage. but not in value.
will be sold during 1892, officials believe.