South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-11-10
u. S. INDUSTRIAL
PRINCES PREDICT
BUSINESS BOO M
Prosperity Wave Looms Up in
America as Wintry Sea-
son Dawns.

son Dawns.
Copyright. 1922. Ey United Press)
Prosperity and winter are coming .
or hand in hand. according to a \
symposium OF heads % the nations
great industries.
When Charlie 81. schwab declared /
in recent speech that never In his \
career had h. foreseen better con-
ditions than are just ahead" he
raised question which was answer /
Cd today ia exclusive statements 20 /
the United Press oy 20 outstanding F.
business men OF the country
Increased employment vouched /
for by the labor department at /
Washington. better home conditions I
Tor the great purchasing public, per
hitting more business with lower .
prices and a general settling down .
90 normally are given as some OF the /
reasons for tho unanimous optimis- !
tic outlook toward the coming winter |
and spring
Among the industries canvassed |
were: packing. textiles, hotels, NOV
les. 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 IL has been
for several years" declared Charles
f. Herrick, president Of the Institute
OF American Meat Packers. Meat
values are more nearly stable now
and the export trade continues
somewhat larger than during pre-
war years. The entire packing In
dustry faces the future with conf
dence"
Textiles.
The outlook in the cotton and
wool industries IS very encouraging,
according 10 Aston H Garside.
head OF the Industrial department OF
the Merchants National bank OF
Boston.
Mills have increased operations
20 a point where they are now run
ming on an average OF 80 percent OF
normal" Garside says. And the
industry is practically free from
labor difficulties. There Is some un-
easiness as to whether consumers
will be able or willing 10 buy the
usual volume Of goods when recent
advances i'm raw materials and goods
markets are passed onto them. but
for the present the mills are receiv-
ing a large volume OF orders"
Hotels.
Everything indicates prosperity"
SAYS + NJ Statler head Of the Stat
Ter hotel system. speaking on bust
hess conditions. I'VE have seen q
decided increase in business from the
last 60 10 80 days throughout the
cities i'm which we operate. Previous
10 that there had been "A decrease as
compared with last year.
As far AS I can see this new pros
lerity seems Co be general The tide
has turned and it seems as II this
er1 of increased trade would con-
tinue
Clothing.
Samuel Well president OF the
Stein Bloch company, wholesale
clothiers. says: "Our trade sho.
marked Improvement, and the spri
sales are increasing substantially.
The outstanding danger TO the pres
ent favorable conditions would be a
disposition 20 speculate or over ex-
pand."
shoes
Business today is much better
than IL was a year ago" says L.
Holmes Dalton an official of the
Brockton Shoe company. Manu-
facturers believe hard times are be-
hind and sound prosperity ahead.
Not boom times but good conditions
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
Automobiles.
Business is holding up we'll dur
ing the latter part of 1922 and pros
poets for 1928 are especially bright.
said H. NJ Jewett. president Of the
Paige company in Detroit.
Both the bort Motor company Of
Flint. Mich. and the Dodge Bros.
agree with Jewett that 1928 will De
a record year in their industry.
Furniture.
There Is no Justification for a
material increase in furniture prices.
says William 3. WrefOrd. active
secretary OF the Retail Furniture as
ISOLATION Of America Walnut and
mahogany are both down. according
20 WrefOrd. and SO Is overhead.
Some manufacturers have an
nounced that they VIII be forced TO.
advance prices but this should not
he ueceSS1ry Nreford cautions
against stocking needs too far in
advance and predicts that there will
be only a slight increase.
Movies
Experience seems TO indicate that
the support OF amusements follow
rather than precedes the curve up or
down OF general prosperity" de-
clared VIII IT Hays high commits
sioner OF the movies. I'm almost
every locality the attendance at