The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1922-05-26
He Says Business r Pairing
Through Only Natural !:
Readjustment -.
INDUSTRIES COMING ~
BACK GRADUALLY now
Within Few Months, End Of
Decline in All Business
Should Be Reached !

'Talk about musicians and actors
being tempermental! They cannot
beat the average business man who
is up today and down tomorrow.
Within a period of sixty days he
will be a pessimist, an optimist, and
back again to a pessimist, when all
the time nature is slowly but surely
following its natural course" said
Roger w. Babson in his weekly in
terview on business conditions.
"A year ago business men were
very pessimistic; then came a tenn
porary upturn in business and follow
ing the lead Of certain Federal
officials and prosperity boomers,
they became optimistic. Since, how
ever. these prosperity forecasts have
not matured, they are again down
in the dumps. How long will it
take us to learn that Presidents
don't make business but rather bus
ines makes Presidents. 1t is true
that conditions are dull at the present
time partly on account of the late
wet spring, partly due to the floods
Of the south, partly due to the strikes
in New England and New York state,
and partly due to the upset condi-
tions in Europe. When, however
business is looked upon from a long
range it will be seen that it is pas
sing through only natural read
1ustment which takes always consid-
cradle time. l stated over two years
ago that no permanent Improvement
could be expected before August
1922, and / still feel that way.
Even after the corner turns in the
summer or fall of this year, it will
be a slow altho steady climb up
ward.
"On the other hand, as all indus
tries were not hit at the same time,
they will tend to come back at dif-
ferent times: The industry that was
first hit. will be the first to come
back This was the silk industry
and a change for the better is al
ready in evidence. The industry
which was most suppressed during
the war will show the greatest re-
covery during the next few years;
indeed, it is already recovering.
have in mind the building industry
There is marked increase in the
demand for all building materials,
notably lumber, altho iron and steel
are sharing in the building boom.
The sales of hardware and paints
have increased. If labor does not
become too hungry for increased
wages, this squirt in new building
may develop into a real boom.
"Anothcr industry which should
quickly show better employment is
the automobile industry, especially
the makers of the more expensive
cars. These makers were the first
to be hit and these should be the
first to come back, Following
booms in the stock market the max
ers of extensive cars and other semi
luxuries always experince good bus
mess. For the first time in two
years and half, rubber factories at
Akron are advertising for help.
This same Improvement in the employ
ment situation is noticeable also in
certain steel ccnters such as Youngs-
town, Ohio, and hardware centers
such as Ansonia, Conn, where a
wage increase Of Is per cent goes
into effect May 16.
Commodity prices are likewise
adjusting themselves naturally.
Those products which we're first to
decline, such as cotton. sugar and
lumber are showing hardening
tendency, while other products, such
as furs, that were bought by the
masses during the war in great
quantities, are showing continued
declines.
At the recent fur auctions, Sill
YER Fur Fox was rs per cent lower
than in February, Marten 40 per
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