Imperial Valley press., 1922-11-09
Prosperity, Winter
Hand in Hand, Says
Charles M. Schwab
Copyright, 1922, by United Press)

Prosperity and winter are coming OF
hand i'm hand, according to symposium
of heads of the nation s great indus
tries.
When Charles M. Schwab declared
in recent speech that never in his
career had he foreseen better conditions
than are "just ahead" he raised a
question which was answered today in
exclusive statements to the United
Press by ten outstanding business men
of the country.
Increased employment, vouched foI
by the labor department at Washington
better home conditions for the great
purchasing public, permitting more bus.
mess with lower prices and "A general
settling down to normalcy are given as
some Of the reasons for the unanimous
optimistic outlook towards the coming
winter and spring.
Among the industries canvassed
were: Packing, textiles, hotels, movies,
clothing, shoes, automobiles. furniture
and the American farm bureau.
Exclusive statements from heads of
these industries follow:
PACKING
"The meat packing business is in a
better condition than it has been for
several years. declared Charles E.
Herrick, president of the Institute of
American Meat Packers. "Meat values
are more nearly stable now and the ex-
port trade continues somewhat larger
than during pre-war years. The entire
pcaking industry faces the future with
confidence.
TEXTILES 80,
The outlook in the cotton and wool
industries is very encouraging, accord
ing to A. H. Garside, head of the indus.
trial department. of the Merchants Ma.
tional Bank of Boston.
Mills have increased operations to
a point where they are now running on
an average of 80 percent of normal, y
Garside says. ''The industry is prac-
tically free from labor difficulties.
There is some uneasiesness as to wheth-
er consumers will be able or willing to
buy the usual volume of goods when
recent advances in raw materials are
passed on to them, but for the present
the mills are receiving a large volume
of orders
HOTELS =
Everything indicates prosperity"
says f. M. Statler head of the Statler
Hotel System, speaking on business
"We have seen a decided
increase in business from the last go to
80 days throughout the cities in which
we operate. Previous to that there
had been a decrease as compared with
last year! AS far as | can see, this new
prosperity seems to be general. The
tide has turned and it seems as if this
era of increased trade would con
tinue.
CLOTHING s.'s
Samuel WE'LL, president of the Stein
block Company, wholesale clothiers,
SAYS "Our trade shows market i'm
provement and the spring sales are in
creasing substantially. The Outstand-
ing danger to the present favorable
conditions would be disposition to
speculate or Over-eXpand y
SHOES
business today is much better than
it was a year ago, says l.. II. Dalton,
an, official of the Brockton Shoe Com
pany. Manufacturers believe hard
times are behind and sound prosperity
ahead. Not boom times, but good con
ditions with a demand for higher grade
shoes. Labor conditions are better and
the free hides provided by the new
tariff are sure to help consumers on
prices, although raw material is now
cheaper here than it is abroad. y
AUTOMOBILES 1A
"Business is holding up well during
the latter part of 1922 and prospects
for 1923 are especially bright, sald
II. NJ. Jewett, president of the Paige
Company of Detroit
I Both of the bort Motor Company of
Flint, Mich, and the Dodge Brothers
agree with Jewett that 1928 will be a
record year in their industry.
FURNITURE 'yra
There is no justification for mater
ial increase in furniture prices, says
William B. Wreford, active secretary
of the Retail Furniture Association of
America. Walnut and Mahogany are
both down, according to Wreford.
Some manufacturers have announced
that they will be forced to advance
prices, but this should not be necessary
Wreford cautions against stocking
needs too far in advance and predicts
that there will be only slight in
crease.
MOVIES &ar
"Experienee seems to indicate that
the support of amusements follow rath
er than precedes the curve up or down
of general prosperity" declared Will
II. Hays, high commissioners of TIL,
movies. "In almost every locality tn,
attendance at movies is now increasing
Two causes may be given; That pros
perity is returning and that better an,
more interesting pictures are bein;
shown this winter %a ttfts
Cecil B. de Mile, producer and di
rector, declared prosperity is here, bu