Perth Amboy evening news., 1922-10-28

TRENTON. Oct. 2S-An analysis
of commercial and industrial condi-
lions in wages and employment
based on the most recent reports
OF the Federal Reserve Bank and
the Department of Labor indicates
a marked improvement IN New Jer-
sey and throughout the country, &C.
cording to j. Philip Bird, president
of the Manufacturers Association of
New Jersey. in a statement made
public yesterday. In Northern New
Jersey this improvement is partic-
ularly noticeable among Industrial
laborers, the class which suffered
the heaviest from the business de-
preston that followed in the wake
of the a A positive labor short
age is reported in parts of Southern
New Jersey, particularly in Tren-
ton. In Hudson county business
conditions are markedly better. and
difficulty in obtaining labor at ris-
ing wages is being experienced
there.
This national commercial and in
dustrial revival is undoubtedly due
to the recently passed tariff meas
ure," declares Mr.. Bird. Whatever
the defects of this tariff measure
may be, it has an advantage over
the Underwood tariff measure in
that 1t protects American industry
from unfair foreign competition
made possible by the lower wage
scales of their competing countries
n aggravated by the rebasement
of their money. Industry which was
practically at a standstill turing the
debate on the tariff is nov appar-
emily determined to take every d.
vantage of the opportunity by an
adequate tariff and to return the
country to the prosperity which is
naturally hers.
Experts of the Federal Reserve
system report that the nation has
safely passed the n of an
unemployment crisis, with which it
was threatened as a result of the
~dislocation of industry brought on
in the opinion of many economists
largely by the influx Of foreign
goods that flooded the markets in
the years Immediately following the
war.
According to all of the induces
which the bank uses to the
pulse of business the country is fast
recovering from the depths of the
industrial depression that prevailed
years ago. In fact the recovery
is so rapid and amazing hal chal-
lenges comparison with airy similar
recovery. Today there Is less unem-
in New Jersey thar at any
since 1920. The want ad COL
of New Jersey newspapers
with positions offered and
help wanted signs adorn the doors
Of hundreds of factories in the state.
Each month sees a notable in
crease in the factory operations in
he state as well as in the country
1t large. Theirs is no denying the
of the outstanding fact
hat at the present time production
all of the basic industries of the :
with the exception of BIZ !
luminous coal, is far ahead of the r
figures for 1920. In the last year in :
Of the principal industries the +
output has been doubled.
Iron and steel mills are %increas-
ing their rate OF production; the
goods factories is On the up grade.
month of August was the largest of
any month since 1919. This is
testimony to the efficacy of
recent national legislation designed
% br' ng back an era Ct business
prosperity.
The farmers of the state and ma
lion have come in for their share
Of the general increase in business.
Statistics published by the Federal
Reserve Bank show that this years
crop will bring in to the farmers
Of the land the extraordinary total
of $4,000, 00O, 900. an increase of
81, 200, 600, 600 over last wear. AS
agricultural products are at about
same price scale as last year
represents a pratical increase
in the volume of farm products. 1t
a striking evidence of the, coun-
financial recovery that this
crop is being marketed
without any recurrence of the strain
credit facilities that have been
a dangerous feature of previous
1.-THE volume of both wholesale
and retail trade in New jersey is !