New Britain herald., 1921-12-19
"DAHY BUSINESS FORECASTS" ."

Roger Babson credits "as associate of Mr Hoover" with suggestion that means something. Dscredited as 1t sometimes is, MT. Babson points out that the Daily Weather Forecast is about so per cent reliable. The sug gestion is that in addition to this in- formation as to what the weather is likely to be we should have Daily Business Forecast"
 Immediately comes the thought that such prognastication each day would be of intestimable value to the busi- ness man if 1t were possible. Business, however. says the conservative, pos sibly tradition bound man of affairs, is not like the weather. True, he ad- mits, it fuctuatcs most decidedly, but it is not governed by natural laws as the weather is under the recent dis coveries of science.
 There is the mistake. Babson shows with the authority of a man who is the recognized expert on such mat ters, that business fluctuations are governed by certain laws; that the course of a wave of good business or bad business conditions may be traced and its path predicted. Moreover Babson does this thing, as shown in his most recent article published in The Herald His conclusions for the coming year are that it will compare pretty well" with that of the year just closing. But the significant fea- ture of that comparison is the asser- tion that in 1921 the underlying in- fuence has been downward, while in 1922 this tendency will be elimnat- ed"
 To make the matter stand out as a years 1921 and 1922 as human beings. Look at the imagined man, 1921, on a certain day of a certain month of that year. His position in the economic world was practically the same as the position of the man, 1922, will be on a like date in the coming year. The difference between the two men, how ever, is this. old 1921 had seen bet ter days; he was losing his eyesight; his brain was failing; there seemed little hope for him; he was on his way to physical ruin.
 New 1922, on the other hand. while occupying about the same position as his failing brother, will be on the up- ward track; full of confidence he will see great future ahead; despite dis couragement he will know that he is progressing every day. and he will be conscious that as life draws to close he will have achieved success. It is on this sound theory, backed by de- tailed information from various parts Of the country, that Mir Hahsou bases his optimistic view of the present sit nation. His lack of nNtr1Nagance in predicting brighter times Is one of the most convincing reasons for placing fdence in him
 There is another aspect of the sug- geston that a daily business forecast would be wise. If a man were able to follow from day to day the sometimes indnitesimaly small changes as seen by an expert he would not allow the depression of yesterday 10 overlap the encouragement of today, or vice versa. He would be alive to lhc changes that are taking place in the industrial world, in the paper value of securi- ties and in the fading away or the rising Of clouds in the business hori- zon. He would become accustomed to view each day as new era, capable Of bringing news Of vast i'm portance to him and he would be able to place himself in the current of events, taking advantage of the knowl-